SECP

SECP holds anti-money laundering awareness sessions

SECP holds anti-money laundering awareness sessions

ISLAMABAD (Web Desk) – The Securities and Exchange Commission of Pakistan (SECP) held anti-money laundering and counter financing for terrorism awareness sessions in Lahore, Karachi, Islamabad in collaboration with USAID.More than 500 professionals from the securities and commodities market, insurance sector, non-banking financial institutions and the Securities and Exchange Commission of Pakistan attended these sessions.These […]

SECP initiates legal proceedings against 2 companies under Companies Act, 2017

SECP initiates legal proceedings against 2 companies under Companies Act, 2017

(Web Desk) – The Securities and Exchange Commission of Pakistan has initiated legal proceedings against M/s Gold Transmit Network Technology (Pvt) Limited, and M/s Green Apple Super Market (Pvt) Limited in Companies Act, 2017.The companies have been found involved in unauthorized activities and offering Ponzi business/schemes in Pakistan to deprive the unsuspecting public of their […]

STOCK, MARKET, TO, BE, CLEAN, OF, BLACK, MONEY, SAYS, A, RESOLUTE, SECP, CHIEF

STOCK, MARKET, TO, BE, CLEAN, OF, BLACK, MONEY, SAYS, A, RESOLUTE, SECP, CHIEF

Stock market to be clean of black money, says a resolute SECP chief PHOTO:FILE ISLAMABAD: The apex regulator is set to tackle one of the biggest issues facing the country’s financial system – the inflow of black money – ahead of Pakistan’s anti-money laundering (AML) review next year. In a briefing to the senate standing committee, […]

PSX-100 surges by 698 points on news of new SECP products

PSX-100 surges by 698 points on news of new SECP products

KARACHI: Waning political concerns, and the reported introduction of newer financial products (particularly leverage-featured) by the Securities and Exchange Commission of Pakistan, kept investor confidence intact, pushing the index higher on Wednesday. The Pakistan Stock Exchange went up 1.43%, an increase of 698 points, to close at 49,455.86 points. The overall turnover remained at 356 […]

Rollercoaster ride continues at PSX, SECP cleaning likely to smoothen the ride

Rollercoaster ride continues at PSX, SECP cleaning likely to smoothen the ride

KARACHI: After shedding nearly 1,000 points on Monday the Pakistan Stock Exchange (PSX) benchmark index continued the slide on Tuesday; it opened in red and fell like the London Bridge. For the first half hour of trading, the benchmark 100-index was down more than 600 points trading well below 48,500 points, and when the speculators […]