A key development is underway to modernize Pakistan’s corporate regulatory framework. A high-level meeting of the Regulatory Reforms sub-committee, headed by Special Assistant Haroon Akhtar Khan, focused on proposed amendments to the Companies Act 2017.

The Securities and Exchange Commission of Pakistan (SECP) and the Board of Investment jointly worked on a comprehensive amendment package. The proposed changes aim to align legislation with global best practices. Further details of the proposed amendments were not disclosed at this time.