Listed Companies: Sec 74 of Companies Act, 2017 "Further issue of shares (The approval is only required by Public Unlisted Companies, Private Companies are exempted)"
Reform IDF400
DescriptionPreviously, public unlisted companies were required to obtain approval from the SECP to issue further shares; this has now been simplified, and no SECP approval is required.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionSimplify
Cost Savings PKR (Mil.)
Evidence