Key Points
- 88 per cent of licensed financial firms have released audited 2025 accounts
- Disclosures made through the national stock exchange portal for unlisted companies
- Regulator says initiative improves transparency and governance
- Action underway against firms that failed to comply
ISLAMABAD: Pakistan’s corporate regulator said on Wednesday that 88 per cent of financial sector companies licensed under its supervision have published audited annual financial statements for 2025 on a publicly accessible online portal, marking a significant step toward transparency.
The announcement was made by the Securities and Exchange Commission of Pakistan, the country’s top corporate and non-bank financial regulator.
The financial statements have been uploaded to a dedicated portal managed by the Pakistan Stock Exchange, Pakistan’s main equities exchange.
The requirement applies to financial companies that are licensed by the regulator but are not listed on the stock exchange.
In many emerging markets, unlisted firms face fewer public disclosure obligations compared with publicly traded companies.
The new system is designed to narrow that gap by making audited annual accounts accessible to investors, creditors and the wider public.
The regulator had issued instructions in January last year directing all licensed financial sector companies that are not publicly listed to upload their audited annual accounts to the exchange’s Financial Portal for Unlisted Companies.
To comply, firms were required to sign an agreement with the stock exchange and submit their financial statements through the digital platform.
According to the regulator, 88 per cent of licensed entities have now complied with the directive for the 2025 reporting year.
The remaining companies face action under the applicable regulatory framework.
The licensed entities covered under the directive include brokerage firms, insurance companies, non-bank finance companies, Islamic finance entities known as Modaraba companies, and other financial service providers supervised by the commission.
Officials stated that the public availability of audited financial statements is expected to improve corporate governance standards and strengthen investor protection in Pakistan’s financial services sector.
By enabling stakeholders’ access to financial data, the initiative aims to improve the risk assessment and enhance market discipline.
The regulator added that it remains committed to strengthening oversight and promoting transparency as part of broader reforms to modernise Pakistan’s financial regulatory framework.
