The Securities and Exchange Commission of Pakistan (SECP) imposed more than Rs. 4.73 billion in penalties between February and June 2026 as part of a nationwide enforcement drive aimed at strengthening corporate governance and improving regulatory compliance.
During the five months, the regulator decided 531 pending enforcement cases, taking action against listed and unlisted companies, insurance firms, state-owned enterprises, and non-banking financial institutions for violations of the Companies Act and other regulatory frameworks.
The largest share of the penalties, totaling Rs. 4.70 billion, was imposed on private and unlisted companies. The SECP also fined three companies Rs. 4 billion for operating fraudulent investment schemes.
Listed companies were fined Rs. 900,000 across 99 cases, mainly for delays in holding board meetings and failing to appoint women and independent directors in accordance with corporate governance requirements.
The regulator imposed Rs. 200,000 in penalties in 25 cases involving insurance companies over delays in settling policyholder claims and solvency-related issues. It also issued 117 enforcement orders against state-owned enterprises for violations of the Companies Act.
Separately, the SECP imposed Rs. 1.6 million in penalties across 69 cases involving violations of takeover regulations and Anti Money Laundering (AML) rules. Another 53 non banking financial institutions were fined a combined Rs. 1.4 million for breaching AML regulations.
SECP Chairman Dr. Kabir Sidhu said strengthening transparency, accountability, and the protection of minority investors remains the regulator’s top priority. He added that effective enforcement of corporate laws is essential for maintaining investor confidence and supporting the development of Pakistan’s capital markets.
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