The Prime Minister has constituted a high-level committee to implement reforms at the Securities and Exchange Commission of Pakistan (SECP), aiming to enhance its authority and clear a backlog of more than 2,000 corporate cases.

The committee convened its first meeting today under Federal Law Minister Azam Nazir Tarrar, focusing on measures to strengthen SECP’s enforcement capacity and improve the efficiency of its regulatory operations.

SECP Chairman Dr. Kabir Sidhu noted that over 2,000 cases remain pending in courts and stressed that immediate reforms are necessary to expedite case resolutions and enable the commission to recover fines promptly.

Dr. Sidhu also recommended creating special tribunals dedicated to SECP-related cases and digitizing regulatory frameworks to prevent corporate fraud.

Federal Law Minister Tarrar assured that the government would introduce the required legislation to empower SECP fully. He also directed the commission to submit complete data on pending cases and present a detailed reform roadmap at the next committee meeting.