SECP Pakistan

JS Rental REIT Offer for Sale 25% Units 9th PSX Listing FY25-26

SECP approved the Offer for Sale of units of JS Rental REIT (JSRR), marking the 9th listing on the Main Board of Pakistan Stock Exchange during FY 2025-26 and the third REIT listed this year. The offering comprises 25% of total units with 53.6 million units offered to investors through a fixed price mechanism. JS Investments Limited manages the REIT, which will bring the total number of listed REITs to six.

SECP Issues Guidebook for NBFCs to Promote Halal Lending

The Securities and Exchange Commission of Pakistan issued a practical guidebook on April 15, 2026, to help Non-Banking Finance Companies structure Shariah-compliant financing products for consumers who avoid interest (riba). The guidance covers installment plans, micro-loans, housing finance, and digital halal financing. Five lending NBFCs are already fully Shariah-certified, and SECP's analysis shows 16-17 percent of 265 products offered by 89 lending NBFCs are already Shariah-compliant.

SECP Proposes Swing Pricing System for Mutual Fund Investors

The Securities and Exchange Commission of Pakistan (SECP) has issued a consultation paper proposing a Swing Pricing system for mutual funds. Under this mechanism, additional transaction costs arising from large investor redemptions or switches during market stress would be borne by the investors causing those transactions rather than being distributed across all fund participants. The proposal aims to protect long-term investors from bearing costs they did not generate and to enhance market stability.

Foreign Investment Steady: 220 Firms, Rs657m Capital

The Securities and Exchange Commission of Pakistan released Q3 FY 2025-26 corporate sector data showing 220 companies registered with foreign shareholders contributing Rs 657 million in paid-up capital, and 10,318 new company registrations representing a 12.5% year-on-year increase. The SECP processed 95,823 corporate filings with a 27% increase compared to the same period last year, while the Secured Transactions Registry recorded over 6,000 financing statements and 5,000 searches.

SECP Grants BNPL License to Alibaba-Backed KTPL

The Securities and Exchange Commission of Pakistan (SECP) has granted a Buy Now Pay Later (BNPL) license to KOKO TECH PAKISTAN (PRIVATE) LIMITED (KTPL). KTPL is ultimately owned by Alibaba.com Holdings, marking Alibaba's entry into Pakistan's fintech market. SECP Chairman Dr Kabir Ahmed Sidhu stated that this development represents growing international confidence in Pakistan's digital economy and financial services market.

SECP Approves IPO of Wahdat Poultry Farm Limited

The Securities and Exchange Commission of Pakistan (SECP) has approved the prospectus for the Initial Public Offering (IPO) of Wahdat Poultry Farm Limited. The offering comprises 50,000,000 new ordinary shares plus an offer for sale of 3,102,350 shares representing 15.84% of post-IPO paid-up capital. This is the 8th IPO approved in FY 2025-26.

SECP Expands Pension Reform, Approves 9 Additional Funds for Balochistan and Punjab

The Securities and Exchange Commission of Pakistan (SECP) approved eight additional pension funds for the Government of Balochistan and one for the Government of Punjab. Balochistan's total authorized pension funds now stands at fifteen, while Punjab's total has reached twenty-five. The approvals are part of the government's transition from the traditional Defined Benefit (DB) pension system to a more sustainable Defined Contribution (DC) framework.

SECP Proposes ESG Mutual Fund Framework for Sustainable Investing

The Securities and Exchange Commission of Pakistan (SECP) has proposed a regulatory framework for ESG Mutual Funds requiring at least 70 percent of investments in ESG-aligned assets. The framework introduces disclosure requirements, governance standards, and assurance mechanisms to prevent greenwashing. Asset managers will align equity funds with the Pakistan Stock Exchange's upcoming Sustainability Index and debt funds with Pakistan's Green Taxonomy. Stakeholders may submit feedback by April 21, 2026.