KARACHI: The Securities and Exchange Commission of Pakistan (SECP) is working towards procedural improvements to make the regulatory compliance regime easier for registered entities.
SECP Chairman Tahir Mahmood said that the commission aimed at improving the business climate by reducing bottlenecks in the appointment of foreign directors in local companies and simplifying the disclosure requirements for unlisted companies.
The SECP Chairman was addressing the business community during his visit to Overseas Investors Chamber of Commerce and Industry (OICCI).
During the session, the recent amendments to the 2012 Code of Corporate Governance were also discussed.
The OICCI members raised their concerns over the amendments and the SECP Chairman responded to queries. Mr Mahmood also informed the audience about some key measures that have been introduced for ease of doing business in Pakistan.
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