KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has reiterated its commitment to strengthening the country’s corporate restructuring framework, aiming to facilitate rehabilitation of distressed businesses and ensure financial sector stability.
Muzzafar Ahmed Mirza, Commissioner of the Licensing and Registration Division, held a series of meetings with key stakeholders in the corporate restructuring sector, including 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 for the operations of Corporate Restructuring Companies (CRCs) and emphasized the need for these firms to broaden their outreach to industry players while actively supporting business recovery.
Commissioner Mirza also met with the Secretary of the Pakistan Banks’ Association (PBA) to discuss improved coordination between CRCs, commercial banks, and Development Finance Institutions (DFIs).
The discussions focused on establishing effective mechanisms for restructuring non-performing loans, with the goal of creating a sustainable framework for business revival.
These initiatives, spokesperson said, highlight the SECP’s ongoing efforts to foster a conducive environment for corporate rehabilitation, safeguard stakeholder interests, and contribute to broader economic resilience in Pakistan.
Copyright Business Recorder, 2025
