Eliminate restriction on the directorship held by an individual
Reform ID		F374
Description		Elimination of the restriction on the number of directorships an individual can hold under the Companies Act (2017) has been proposed, introducing a distinction between listed and non-listed companies and allowing an individual to serve as a director in up to 20 companies, including a maximum of 10 public companies, in line with international best practices.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector		Financial Services
Start Date		24-06-2025
Target Deadline		24-09-2025
Date Enacted
Implementation Status		In Progress
Progress		50%
CCORR Direction		Eliminate
Cost Savings PKR (Mil.)
Evidence