88% of Unlisted Licensed Companies Now Publicly Disclose Financial Results: SECP
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, reflecting a major step forward in transparency and regulatory compliance.
In a statement issued on February 18, 2026, the regulator confirmed that these disclosures are being made through the Financial Portal for Unlisted Companies (FPUC) hosted by the Pakistan Stock Exchange (PSX). The move follows a directive issued last year requiring licensed but unlisted entities to upload their audited financial results for public access.
According to the SECP, the increased compliance rate demonstrates improved governance standards across regulated sectors. The initiative aims to enhance investor confidence, promote accountability, and align Pakistan’s corporate disclosure framework with international best practices.
Unlisted licensed companies — including entities operating in sectors such as insurance, non-banking finance, and capital markets — were previously not required to publicly share their financial statements in the same manner as listed firms. The introduction of the FPUC has created a centralized digital platform to ensure easier access to verified financial data.
The SECP emphasized that it will continue monitoring compliance and may take enforcement action against companies that fail to meet disclosure requirements.
