The Securities and Exchange Commission of Pakistan (SECP) has proposed new Modaraba law, which shall replace the 37-year-old Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980.

The SECP has initiated consultation with the stakeholders and the public on the draft Modaraba Bill.

The public has been invited to send the comments/feedback by email at commission.secretariat@secp.gov.pk by 14th of next month.

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