Eliminate declaration of foreign shareholding
Reform ID		F375
Description		Elimination of the declaration of foreign shareholding under Section 452 of the Companies Act (2017) has been proposed, as the requirement duplicates disclosures already mandated under the FADRA Act (2018) and OECD conventions, creating unnecessary administrative burdens inconsistent with international corporate 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.)		182
Evidence