PSX

SECP and PSX Promote Regulatory Compliance Through Market Integrity Webinar

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Pakistan Stock Exchange Limited (PSX), conducted a webinar titled “Promoting Transparency and Market Integrity: Prudential and AML/CFT Compliances” to strengthen market transparency, improve regulatory compliance, and safeguard investors’ rights. Senior SECP officials briefed Securities Brokers on their obligations under the Securities Act, 2015, Securities Brokers (Licensing and Operations) Regulations, 2016, AML Act, 2010, and AML/CFT/CPF Regulations, 2020. The session covered key requirements, including holding a valid Securities Broker licence, safeguarding clients’ assets, maintaining capital adequacy, proper record-keeping, audit trails, internal controls, compliance systems, and complaint-handling mechanisms.

Participants were also guided on Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Independent Audit, the Compliance Function, Currency Transaction Reports (CTR), Suspicious Transaction Reports (STR), Ultimate Beneficial Owner (UBO) identification, and risk assessment. PSX officials raised key market concerns and misconceptions, while SECP provided regulatory clarifications to support effective compliance. The webinar witnessed strong participation from Securities Brokers, and SECP reaffirmed its commitment to conducting awareness sessions that help market participants keep pace with evolving regulatory requirements and foster a strong culture of compliance across Pakistan’s capital market.

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Sazgar Reveals ARCFOX Plans in PSX Filing

Sazgar Engineering Works Limited plans to introduce ARCFOX, the electric vehicle brand of China’s BAIC Group, in Pakistan, according to a disclosure to the Pakistan Stock Exchange. ARCFOX has engineering and technology collaborations involving Magna and Huawei. The disclosure signals a potential addition to Pakistan’s electric vehicle market, but the details provided do not specify a launch date, models or prices.Sazgar Reveals ARCFOX Plans in PSX Filing

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PSX

SE Fruits IPO Price Could Reach Rs64

SE Fruits and Vegetable Limited’s IPO book-building portion was fully subscribed within two hours of opening, reflecting strong investor demand. Bidding will continue until September 22, after which the final strike price will be determined. The company is offering 30 million ordinary shares, equivalent to 32.01% of its post-IPO paid-up capital. The IPO has a floor price of Rs40 per share, while the strike price can rise by up to 60% to a maximum of Rs64, subject to demand during the book-building process.

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PSX

QistBazaar Completes PKR 500m Sukuk

Dada Partners (Private) Limited acted as exclusive financial adviser to QistBazaar on its PKR 500 million unrated, privately placed Sukuk. The landmark transaction introduces a Shariah-compliant capital-market structure for Pakistan’s buy-now-pay-later fintech sector and represents the first issuance in a planned Sukuk series. Dada Partners managed the process from concept development and structuring to marketing, investor engagement, subscription and disbursement. Leading corporate and high-net-worth investors fully subscribed to the issuance through a dedicated private-placement fund vehicle.

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