ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed the public sector companies, which come under the scope of the State-Owned Enterprises (Governance and Operations) Act, 2023, to ensure compliance with the Companies Act, 2017.
The SECP issued the directive to all the public sector companies here on Wednesday.
It is apprised that the federal government has promulgated the State-Owned Enterprises (Governance and Operations) Act, 2023 (SOE Act) since January 31, 2023, which is applicable to State-Owned Enterprises (SOEs) that come under the scope of the SOE Act.