SECP Reaffirms Commitment to Effective Implementation of Corporate Restructuring Framework

The Securities and Exchange Commission of Pakistan (SECP), in line with its mandate to foster a conducive environment for corporate rehabilitation, has reiterated its commitment to a robust restructuring regime for distressed entities in Pakistan. Mr. Muzzafar Ahmed Mirza, Commissioner of the Licensing and Registration Division, held meetings with the Chief Executive Officers of Pakistan Corporate Restructuring Company Limited (PCRCL) and Awwal Corporate Restructuring Company Limited (ARCL). During these interactions, the Commissioner assured the SECP’s full regulatory support for the Corporate Restructuring Companies (CRCs). He emphasized the need for CRCs to enhance their outreach to industry stakeholders and to play 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 enables sustainable business revival and financial sector stability. These engagements demonstrate the SECP’s ongoing commitment to advancing an efficient corporate rehabilitation regime in Pakistan. This initiative aims to revive distressed businesses, safeguard stakeholders’ interests, and contribute to broader economic resilience.