KARACHI – The Securities and Exchange Commission of Pakistan (SECP) received an overwhelming response from the corporate sector to its companies regularisation (CRS) and companies easy exit (CEES) schemes.
The schemes not only generated huge revenues but also enhanced the corporate compliance rate and have opened new avenues for future revenue generation. During the period from July to September, 1,264 companies regularised their defaults under CRS through filing 6,736 returns, while 1,376 companies applied for easy exit under CEES.The total revenue generated during the first phase was over Rs 25 million.
