The Securities and Exchange Commission of Pakistan (SECP) has released a consultation document aimed at improving the public offering system to promote investment. 

According to the 24NewsHD TV channel, the document outlines potential amendments that will be finalised after incorporating public opinion and achieving consensus among stakeholders.

SECP stated in the document that the main objective is to support an efficient and cost-effective investment process for businesses. 

The consultation document proposes enhancements in IPO pricing, listing conditions, and the digitisation of the public offering system. 

Stakeholders are encouraged to submit their feedback on these proposed improvements by September 20, 2024.

Following the collection of public opinions, SECP will conduct consultative meetings with stakeholders to further refine the proposed changes. 

The anticipated improvements are expected to enhance transparency, efficiency, and growth within the public offering system, contributing to a more robust investment environment in Pakistan.

Reporter: Kaleem Akhtar