News Pakistan

SECP starts process to cancel registration of 23 International NGOs

Latest Update: August 7, 2015 | 131 Views
SECP

ISLAMABAD: Securities and Exchange Commission of Pakistan has started the process to cancel the registration of twenty three international NGOs in line with the National Action Plan to scrutinize the working and accounts of local and foreign organizations.

According to a press release by the SECP, these NGOs failed to file their audited accounts despite several notices, and therefore are presumed to be dormant.

At present, 33 INGOs are registered with the SECP. In this regard, show-cause notices were issued to all defaulting INGOs, which have not filed annual accounts and other required returns.