The Securities and Exchange Commission of Pakistan (SECP) has reaffirmed its commitment to developing a robust framework for corporate rehabilitation, emphasizing the need to strengthen restructuring mechanisms for distressed businesses.
According to a press release issued Thursday, Muzzafar Ahmed Mirza, Commissioner of the Licensing and Registration Division, met with the Chief Executive Officers of Pakistan Corporate Restructuring Company Limited (PCRCL) and Awwal Corporate Restructuring Company Limited (ARCL). He assured the SECP’s full regulatory support to Corporate Restructuring Companies (CRCs) and called on them to expand outreach to industry stakeholders while playing a more proactive role in business revival.
In a separate meeting with the Secretary of the Pakistan Banks’ Association (PBA), the Commissioner underlined the importance of coordination among CRCs, commercial banks, and Development Finance Institutions (DFIs).
The discussions focused on creating effective mechanisms for restructuring non-performing loans, ensuring a system that promotes sustainable business recovery and supports financial sector stability.
The SECP said these engagements reflect its broader effort to advance an efficient rehabilitation regime aimed at reviving distressed entities, protecting stakeholder interests, and contributing to overall economic resilience.
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