Tag Archives: Secp

SECP gets new chairman

SECP gets new chairman

ISLAMABAD: The government on Friday appointed Muhammad Ali Ghulam Muhammad chairman of the Securities and Exchange Commission of Pakistan (SECP) for a three-year term with immediate effect.
The post was lying vacant since November 29 when the term of Salman Ali Shaikh expired. The new chairman has an MBA from IBA and has served as member of the Karachi Stock Exchange Board. He is expected to take charge of his duties on December 27. Sources said the government was expected to

SECP bows to KSE over member chairman

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) is believed to have bowed to the longstanding demand of the members of Karachi Stock Exchange (KSE) by selecting a former KSE member for the top slot at the apex regulator.
The SECP has been practically rudderless, without a chairman since November 29, after the tenure of Salman Ali Sheikh ended without any extension granted by the country’s economic managers.
Additionally, the apex regulator is said to have

SECP and CSRC vow to strengthen regulatory cooperation

ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) and the China Securities Regulatory Commission (CSRC) have signed a memorandum of understanding (MOU) to further enhance regulatory cooperation and information sharing between the two regulatory agencies.
SECP Commissioner Tahir Mahmood in a statement stated, “the MOU is aimed at supporting the national economy and minimising risk that is implicit in financial market transactions. The expanding securities

SECP threatens to suspend 158 members in NCEL

KARACHI: A majority of the over 200 members of National Commodity Exchange Limited (NCEL) are faced with the suspension of their membership for not complying with the rules and regulations set by the Securities and Exchange Commission of Pakistan (SECP), Pakistan Today has reliably learnt.
According to well-placed sources, the apex regulator had early this year, set December 31 as a deadline for NCEL members to get a ‘brokerage license’ from the SECP and become active brokers at

SECP shuts operations of fraudulent company

ISLAMABAD: The Securities and Exchange Commission of Pakistan has shut down fraudulent activities of M/s. BizNas.Com Pakistan (Private) Limited.
A timely action by the SECP’s Karachi-based Companies Registration Office (CRO) has closed the fraudulent company and hence saved a large number of prospective investors from losing their hard-earned money.
The Sindh High Court has passed an order for compulsory winding up of the company under section 305 of the 1984 Companies

SECP dispells rumours of MTS approval

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the inauguration of Margin Trading System (MTS) in Karachi Stocks Exchange, Pakistan Today has reliably learnt.
According to sources, SECP Chairman, Salman Shaikh, had agreed and permitted the most awaited trading system and informed that the SECP would formally announce the launching of MTS in Karachi bourse in a couple of days. However, a spokesman from the SECP denied that the chairman had approved

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