ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced that around 88% of unlisted licensed companies in Pakistan are now publicly declaring their financial results, marking a significant improvement in transparency and corporate governance.
In a statement issued on Wednesday, the SECP said that in line with its regulatory directive, unlisted companies are uploading and publicly disseminating their annual audited financial statements through the Pakistan Stock Exchange (PSX) Financial Portal for Unlisted Companies (FPUC). This initiative aims to ensure broader access to financial information for investors, regulators, and other stakeholders.
The regulator had issued the directive in January last year, mandating all unlisted licensed companies to sign an agreement with the PSX to gain access to the FPUC and ensure timely disclosure of their audited financial statements within prescribed deadlines.
The move was designed to enhance transparency, improve disclosure standards, and strengthen governance practices in sectors of significant public interest.
As part of its supervisory efforts, the SECP carried out an extensive compliance drive covering brokers, insurance companies, Non-Banking Finance Companies (NBFCs), Modarabas, and other licensed entities. As a result, compliance levels have surged from negligible figures to 88%, reflecting strong regulatory enforcement and growing corporate accountability.
The SECP emphasized that public access to financial statements enables investors and stakeholders to better assess the financial health, performance, and risk profile of companies. Going forward, the regulator said it will continue to pursue a firm oversight approach to promote transparency, accountability, investor protection, and sustainable growth across Pakistan’s financial services sector.
