Karachi, December 4, 2024 — The Securities and Exchange Commission of Pakistan (SECP) Chairman, Akif Saeed, has emphasized the country’s growing prominence in Shariah-compliant financing, stating that Pakistan’s regulatory compliance in capital markets aligns with global standards. This positions the country as a potential leader in Islamic finance. Addressing a press conference ahead of the…
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has announced that individual investors can now directly participate in and invest in Government Debt Securities (GDS), including Sukuk. This significant development was conveyed to Finance Minister Muhammad Aurangzeb during his visit to SECP Headquarters. Broadening Access to Government Securities SECP officials briefed the minister on…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched the Islamic Capital Market Development Committee (ICMDC) to foster growth, innovation, and resilience in Pakistan’s Islamic capital markets. The inaugural meeting of the committee, chaired by Dr. Irum Saba, Associate Professor at IBA Karachi, brought together industry experts, Shariah scholars, market stakeholders, and representatives…
Islamabad, Pakistan – Faysal Funds, Pakistan’s first fully Shariah-compliant asset management company, took a significant step in supporting the nation’s startup ecosystem by participating in the Pakistan Startup Summit, an event powered by the Securities and Exchange Commission of Pakistan (SECP). The summit provided a dynamic platform for entrepreneurs to connect with industry leaders and…
KARACHI – The development of Pakistan’s IT sector could be a transformative factor for economic growth, Finance Minister Muhammad Aurangzeb said Monday via video link at the opening session of Pakistan Start-up Summit 2024, organized by the Securities and Exchange Commission of Pakistan (SECP) in Karachi. The two-day summit marked a pivotal moment for the…
FinVolution Group Launches Daira, a New Fintech Platform in Pakistan, Marking a Milestone in Global Expansion ISLAMABAD, October 10, 2024 – FinVolution Group (NYSE: FINV), a leading fintech company, has officially launched its latest digital financial platform, Daira, in Pakistan. The launch, held in Islamabad on October 10, 2024, marks a pivotal step in the…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced a strategic initiative aimed at developing a robust Islamic finance ecosystem within the country’s securities and futures markets. This significant move, outlined in a report issued on Wednesday, is focused on addressing the growing need for standardization, harmonization, and governance of Shariah practices within…
In a groundbreaking move, nine insurance companies have signed a Memorandum of Understanding (MoU) with the Central Depository Company (CDC) to establish Pakistan’s first centralized auto insurance repository. The initiative, under the regulatory guidance of the Securities and Exchange Commission of Pakistan (SECP), marks a significant step forward in the digital transformation of the country’s…
EduFi Financial Services Receives NBFC License, Set to Revolutionize Education Finance in Pakistan In a significant development, EduFi Financial Services Private Limited has obtained its Non-Banking Financial Company (NBFC) license from the Securities and Exchange Commission of Pakistan (SECP), marking a pivotal moment for the company and the education finance sector in Pakistan. This milestone…
Headline: Pakistan Stock Exchange Celebrates Listing of Mahaana Islamic Index ETF In a vibrant ceremony hosted at the Pakistan Stock Exchange (PSX), the listing of the Mahaana Islamic Index Exchange Traded Fund (MIIETF) was celebrated with notable dignitaries in attendance. Among the distinguished guests were Mr. Akif Saeed, Chairman of the Securities and Exchange Commission…
