Pakistan’s 88% financial firms upload audited statements after regulator’s push

Around 88% of licensed financial sector companies have published their annual audited financial statements on the public portal operated by the Pakistan Stock Exchange, the securities regulator has said.

The disclosures were made in compliance with directives issued in January 2025, requiring all licensed financial sector companies, not listed on the stock exchange, to upload their annual audited accounts to the PSX’s Financial Portal for Unlisted Companies.

In a statement, the Securities and Exchange Commission of Pakistan (SECP), said the financial statements of these licensed entities are now available to the public and can be accessed through the online portal.

The SECP’s licensed entities include brokers, insurance companies, non-banking finance companies, Modaraba companies and other regulated institutions.

To facilitate the process, companies were instructed to enter into agreements with the stock exchange before uploading their financial statements.

“The availability of licensed companies’ financial statements on a public portal will enhance transparency and improve stakeholders’ access to corporate information, thereby strengthening governance standards within these institutions,” the SECP said.

The regulator added that public access to financial statements helps investors and other stakeholders better assess companies’ performance and financial position.

The SECP said action is being taken under the relevant regulatory framework against companies that have failed to comply with the directive.

The regulator reiterated its commitment to implementing a comprehensive regulatory framework aimed at promoting transparency, strengthening corporate governance and protecting investors in Pakistan’s financial services sector.