SECP
SECP Approves Rs. 1.16 Billion Capital Raise for Apna Microfinance Bank
Apna Microfinance Bank Limited has received approval from the Securities and Exchange Commission of Pakistan (SECP) to raise Rs. 1.16 billion through the issuance of new ordinary shares, marking a significant development for the bank’s capital strengthening efforts. The approval allows the microfinance institution to issue approximately 116.06 million ordinary shares against share deposit money. […]
SECP Partners With Banks and Fintech to Enable Instant Corporate Account Opening in Pakistan
In a major step toward digital transformation, the Securities and Exchange Commission of Pakistan has partnered with Askari Bank Limited and NayaPay to streamline the process of opening corporate bank accounts across Pakistan. The collaboration is formalized through Memoranda of Understanding (MoUs) aimed at reducing delays and simplifying procedures for newly registered businesses. Under this […]
Government Moves to Reduce Reliance on Bank Financing Through Capital Market Reforms
The federal government has announced plans to reduce Pakistan’s reliance on bank financing by advancing capital market reforms, signaling a strategic shift in the country’s financial framework. This decision aims to lower transaction costs, broaden investor participation, and strengthen alternative funding sources for businesses and institutions. The initiative was discussed during a meeting between Finance […]