The Securities and Exchange Commission of Pakistan (SECP), continuing its mandate to foster a conducive environment for corporate rehabilitation, has reiterated its commitment to a robust restructuring regime for distressed entities in the country.
Muzzafar Ahmed Mirza, Commissioner of the Licensing and Registration Division, held meetings with the Chief Executive Officers of the Pakistan Corporate Restructuring Company Limited (PCRCL) and Awwal Corporate Restructuring Company Limited (ARCL), a press release said on Thursday.
During these interactions, the Commissioner assured the SECP’s full regulatory support for the Corporate Restructuring Companies (CRCs) and emphasized the need for CRCs to enhance their outreach to industry stakeholders while playing an active role in facilitating business rehabilitation.
In a separate meeting with the Secretary of the Pakistan Banks’ Association (PBA), the Commissioner highlighted the importance of strengthening coordination among CRCs, commercial banks, and Development Finance Institutions (DFIs). The discussions focused on establishing effective mechanisms for restructuring non-performing loans to ensure a framework that supports sustainable business revival and financial sector stability.
These engagements demonstrate SECP’s continued commitment to advancing an efficient corporate rehabilitation regime in Pakistan, aimed at reviving distressed businesses, safeguarding stakeholders’ interests, and contributing to broader economic resilience.
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