SECP allows startups to raise capital

ISLAMABAD:

The Securities and Exchange Commission of Pakistan (SECP) has issued a circular, allowing private companies to raise capital against immovable property, intangible assets and services from investors. The decision is aimed at supporting entrepreneurship and improving business climate for small firms, particularly startups and potential investors. The SECP clarified that private companies could raise funds from the investors other than their existing shareholders to finance their working capital requirements.

Published in The Express Tribune, April 1^st, 2021.

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