On April 8, 2020, the BankIslami Pakistan Limited (BIPL), the holding company of BIPL Securities Limited (BIPLS) made a public announcement informing public that M/s AKD Securities Limited (ASL) intents to acquire up to 77.12% of issued and paid up capital along with management control of BIPL Securities Limited. The offer was made by ASL … Read More “AKD Securities may likely acquire BIPL Securities Limited” »
Pakistan has the sixth largest population in the world as around 207 million people are living in this country according to 2017 census. The country is 23rd largest economy by purchasing power parity and 42nd largest economy by nominal gross domestic product. By 2050, Pakistan is expected to become the 18th largest economy. Although the … Read More “5 steps to start a new business in Pakistan” »
The government of Pakistan recently launched the Secured Transactions Registry (STR) pursuant to the Financial Institutions (Secured Transactions) Act, 2016. The STR will be used for registration of security interests/charges created by entities other than companies on their movable assets such as receivables, intellectual property, inventory, agricultural products, petroleum or minerals, motor vehicles, etc. STR … Read More “What is SECP’s Secured Transactions Registry (STR)” »
The Securities and Exchange Commission (SECP) has advised insurance companies to grant one month free of cost extension in insurance coverage to all motor insurance policyholders. The decision has been taking while keeping in view the anticipated low claim ratio in motor insurance business due to lock-down. The decision to provide one month free of … Read More “One month free coverage to motor insurance policyholders” »
The government of Pakistan carried out various amendments in Companies Act 2017 through promulgation of Companies (Amendment) Ordinance, 2020. The Ordinance received go ahead by the President of Pakistan on recommendation of Securities Exchange Commission of Pakistan (SECP). The amendments will provide an enabling regulatory framework to facilitate startups in Pakistan and attract local and … Read More “Amendments undertaken in Companies Act to facilitate Startups” »
