SECP slaps Rs3.18m penalties on ‘non-compliant’ SOEs

The Securities and Exchange Commission of Pakistan (SECP) has concluded enforcement proceedings against 36 State-Owned Enterprises (SOEs), imposing monetary penalties totaling Rs 3.18 million through 46 adjudication orders, while issuing warning orders in 12 cases. In March 2026, the SECP issued 66 Show Cause Notices (SCNs) to 41 State-Owned Enterprises (SOEs) for non-compliance with statutory reporting and corporate governance requirements, said a press release issued by the SECP on Saturday. The violations included failure to submit annual audited financial statements and annual returns within the prescribed timelines, non-compliance with disclosure requirements, and breaches of the Corporate Governance Regulations. To date, proceedings have been concluded in 58 cases.