Securities and Exchange Commission of Pakistan named Reforms Champion and reaches consensus on Companies Act reforms

The Securities and Exchange Commission of Pakistan announced it has been recognised as a “Reforms Champion” by Prime Minister Muhammad Shahbaz Sharif at the launch of the National Regulatory Reforms, and highlighted its work to modernise the Companies Act, 2017 in collaboration with the Board of Investment. The SECP said deliberations with the Board of Investment team and international consultants, led by the Special Assistant to the Prime Minister, resulted in consensus on proposed amendments intended to decriminalise outdated provisions, simplify compliance procedures, remove obsolete regulatory thresholds, reduce unnecessary regulatory burdens and accelerate digitalisation. The reforms are also designed to strengthen corporate governance and regulatory oversight, expand public access to corporate information, and promote a more transparent and predictable corporate framework.