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Wrong decisions destroying SECP’s credibility
Summary by Daily Lead Pakistan
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Wrong decisions destroying SECP’s credibility
SECP’s supervision division root of the problems. SECP’s unjust decisions causing heavy losses to companies. ISLAMABAD The Islamabad High Court (IHC) has overturned the Securities and Exchange Commission of Pakistan’s (SECP) ban on Crescent Star Insurance Limited’s (CSIL) guarantee business, terming the regulator’s action illegal. Legal and market observers are viewing the judgment as a significant rebuke of the regulator’s enforcement culture. …
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