ISLAMABAD – Implementation of Corporate Governance: Under the government’s reform policy, the implementation of corporate governance in state-owned institutions is being ensured. – SECP
Action Against Non-Compliance: Action is being taken against state-owned companies for failing to submit their annual returns and financial statements.
Show-Cause Proceedings Completed: Proceedings have been completed for 58 show-cause notices issued to 36 state-owned companies. – SECP
Penalties and Warnings: Fines have been imposed on 46 show-cause notices, while warning orders were issued for 12 others. – SECP
Total Fines Imposed: A total fine of 3.175 million PKR (31 lakh 75 thousand rupees) has been imposed. – SECP
Notices Issued in March 2026: In March 2026, 66 show-cause notices were issued to 41 state-owned companies.
Current Status of Notices: Proceedings on 58 show-cause notices have been completed, while action on 8 notices is currently underway.
Failure to Submit Annual Returns: A minimum fine of 25,000 PKR has been imposed for failing to submit annual returns.
Failure to Submit Both Returns & Financial Statements: A fine of 50,000 PKR has been imposed for failing to submit both annual returns and financial statements.
Continuous Non-Compliance: A maximum fine of up to 225,000 PKR has been imposed for continuous non-compliance.ends
