Corporate briefings made mandatory for Pakistani companies

Pakistan’s companies regulator has mandated publicly listed companies to hold corporate briefings on their annual audits.

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for listed companies to hold corporate briefings for their annual audited financial statements within 30 days of their annual general meeting.

Both the chief executive officer and the chief financial officer are required to attend the events.

The SECP has approved amendments to the Pakistan Stock Exchange (PSX) regulations to enhance investor engagement, reduce information asymmetry, and ensure the timely dissemination of information, according to an official statement.

The PSX will maintain a briefing calendar on its website, featuring notices and presentations for upcoming sessions. Additionally, the exchange will launch a video channel to host recordings of briefings conducted by listed companies, providing investors with a centralized facility to access the information.

Video recordings of corporate briefings will be uploaded to the PSX channel shortly after each session. Moreover, a mechanism will be introduced allowing investors to submit questions in advance, with adequate time reserved during the sessions to address these queries.

SECP said these reforms will lead to a more transparent and inclusive capital market environment, helping to build investor confidence and strengthen the relationship between listed companies and their stakeholders.