SECP conducts training session

ISLAMABAD: The sick industrial and loss-making units would be revived by exploring various avenues available under the Companies Act, 2017, the Corporate Rehabilitation Act, 2018, and the Corporate Restructuring Companies Act, 2016. The Securities and Exchange Commission of Pakistan (SECP) conducted a comprehensive training session on mergers, amalgamations, and restructuring of companies for officials from the Privatization Commission of Pakistan and various State-Owned Enterprises (SOEs) at its Head Office in Islamabad. Akif Saeed, Chairperson SECP, inaugurated the session and welcomed the participants. In his opening remarks, he underscored SECP’s pivotal role in sanctioning schemes of arrangement for SOEs. He highlighted the importance of strengthening the capacity of SOE officers in the areas of mergers and amalgamations, as these enterprises are undergoing a transformative phase.