88 unlisted licensed businesses reveal their financial information.

As mandated by the Securities and Exchange Commission of Pakistan (SECP), 88% of unlisted licensed businesses now make their yearly audited financial statements available to the public via the Financial Portal for Unlisted Companies (FPUC) of the Pakistan Stock Exchange (PSX).

All unlisted licensed businesses were instructed by SECP in January of last year to upload and make available to the public their audited financial statements on the PSX platform. To gain access to the FPUC and guarantee prompt disclosure within specified timeframes, companies also have to execute a contract with PSX.

The purpose of the order was to tighten governance, raise disclosure standards, and increase transparency in organizations that operate in highly public areas. Investors and stakeholders can more accurately evaluate these companies’ performance and financial health when financial statements are made publicly available.

A comprehensive sector-wide compliance campaign encompassing brokers, insurance companies, Non-Banking Finance Companies (NBFCs), Modarabas, and other regulated organizations was carried out by SECP as part of its supervisory responsibilities. From very low levels of compliance, 88% of businesses now use the platform to disclose their audited financial statements.

Throughout Pakistan’s financial services industry, SECP is actively advancing accountability, transparency, good governance, and investor protection while maintaining a strict regulatory stance.