Islamabad, May 11, 2020 (PPI-OT): To facilitate insurance policyholders in current challenging times, the Securities and Exchange Commission (SECP) has asked insurance companies to waive non-mandatory requirements for claims processing. SECP has also advised insurers to use alternative methods for…
Tag: (SECP)
Microfinance industry needs to strengthen resilience and risk management: Aamir Khan
Islamabad, May 06, 2020 (PPI-OT): SECP Chairman, Aamir Khan emphasized that in these challenging times the development of microfinance industry depends upon the resilience and risk management, achieved through quintessential pillars of liquidity-tapped through private capital and technology embracement. Khan…
SECP asks insurers to extend coverage of Motor Insurance Policies
Islamabad, April 29, 2020 (PPI-OT): In light of the outbreak of COVID-19 (Coronavirus), the Securities and Exchange Commission of Pakistan (SECP) has advised non-life insurance companies to grant one month free of cost extension in insurance coverage to all motor…
SECP Reaches Out to Market Due to COVID-19 Pandemic
Islamabad, April 23, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan’s (SECP) is actively engaging the market stakeholders to mainly assess the situation arising out of the COVID-19 pandemic and its impact on the capital markets. Chairman SECP held…
Chairman SECP meets Chairperson FBR on Tax Proposals
Islamabad, April 22, 2020 (PPI-OT): The Chairman SECP called upon the Chairperson FBR today to discuss a number of taxation policy reforms that are essential for the development of Pakistan’s capital markets, corporate sector, non-banking finance industry, REIT and insurance…
In wake of Covid-19, SECP asks microfinance institutions to facilitate borrowers
Islamabad, April 21, 2020 (PPI-OT): To facilitate borrowers of non-bank lending companies (NBFCs), the SECP has allowed deferment of repayment of principal and rescheduling of loans, based on borrowers’ requests. To further facilitate small borrowers and microenterprise, the regulators has…
SECP announces SROs operational including PSX, NCCPL and CDC
Islamabad, March 24, 2020 (PPI-OT): In view of the fact that banks and stock market are vital instruments of country’s financial system, the Securities and Exchange Commission of Pakistan (SECP) has announced that the all Capital Market entities would be…