SECP takes action against 36 govt entities
- Completes proceedings on 58 show-cause notices issued for failing to comply with statutory filing requirements
The SECP has concluded proceedings on 58 show-cause notices issued to 36 state-owned companies for non-compliance with filing requirements, imposing Rs3.175 million in fines.
- SECP's efforts to strengthen corporate governance.
- Penalties and warnings for non-compliant state-owned companies.
- Facilitating compliance through a dedicated help desk.
The Securities and Exchange Commission of Pakistan (SECP) has completed proceedings on 58 show-cause notices issued to 36 state-owned companies for failing to comply with statutory filing requirements.
In a statement on Saturday, the SECP said it had also imposed fines totalling Rs3.175 million as part of ongoing efforts to strengthen accountability and corporate governance in the public sector.
As per SECP, penalties were imposed in 46 cases, while warning orders were issued in 12 others. The regulator said the actions were taken against state-owned enterprises that failed to submit annual returns and financial statements in accordance with legal requirements.
READ MORE: SECP issues show-cause notices to 41 SOEs over legal violations
Of the 66 notices, proceedings have been completed in 58 cases, while action on the remaining eight notices is still underway. Companies were provided adequate opportunities to present their positions during the show-cause proceedings, the regulator added.
The SECP noted that several state-owned companies submitted their overdue annual returns after receiving show-cause notices. To facilitate compliance, a dedicated help desk has also been established to assist state-owned enterprises with return filing requirements.
The press release said that in March 2026, the regulator issued 66 show-cause notices to 41 state-owned companies over non-compliance with filing obligations.
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