Conversion of Physical Shares into Book-Entry Form: Challenges in Relation to Pledged Securities

Conversion of Physical Shares into Book-Entry Form: Challenges in Relation to Pledged Securities The transition from physical share certificates to book-entry securities represents a significant step towards modernizing Pakistan’s capital market infrastructure. The move towards dematerialization through the Central Depository System (CDS) aims to improve transparency, reduce risks associated with physical certificates, and streamline securities […]

Are Capacity Payments Taxable in Pakistan?

Are Capacity Payments Taxable in Pakistan? Are capacity payments taxable? A power purchase agreement (PPA) may separate the price of electricity from the price of making generating capacity available. The first component is linked to net electrical output. The second is linked to tested capacity that the project must, subject to contractual conditions, make available […]

SECP Requires Book-Entry Conversion Before Share-Related Transactions by Unlisted Companies

SECP Requires Book-Entry Conversion Before Share-Related Transactions by Unlisted Companies On 19 February 2026, the Securities and Exchange Commission of Pakistan (“SECP”) issued S.R.O. 328(I)/2026 under section 510 read with section 72 of the Companies Act, 2017 and regulation 44 of the Companies Regulations, 2024. The notification was issued in continuation of S.R.O. 246(I)/2025 dated […]