The Securities and Exchange Commission of Pakistan (SECP) has announced that 88 percent of unlisted licensed companies are now publicly disclosing their audited annual financial statements, marking a significant improvement in transparency and regulatory compliance.
In a statement issued on February 18, 2026, the SECP said the disclosures are being made through the Pakistan Stock Exchange (PSX) Financial Portal for Unlisted Companies (FPUC), in line with a directive issued last year.
Under the directive, all unlisted licensed companies were required to upload and publicly disseminate their audited financial statements on the dedicated PSX portal. Companies were also instructed to sign agreements with PSX to gain access to the platform and ensure timely disclosure within prescribed deadlines.
The regulator said the move aims to enhance transparency, improve disclosure standards, and strengthen governance in entities operating in areas of significant public interest. Public access to financial statements allows investors and stakeholders to better assess the performance and financial health of these companies.
As part of its supervisory role, the SECP carried out an extensive sector-wide compliance drive covering brokers, insurance companies, Non-Banking Finance Companies (NBFCs), Modarabas, and other licensed entities. As a result, compliance levels have risen from negligible levels to 88 percent, with companies now publishing their audited financials on the portal.
The SECP said supervisory actions have also been initiated under the applicable legal framework against the remaining non-compliant entities.
Reaffirming its regulatory stance, the commission said it will continue to pursue a firm approach to promote transparency, accountability, good governance, and investor protection across Pakistan’s financial services sector.
