Pakistan, Sept. 20 -- The Securities and Exchange Commission of Pakistan (SECP) disposed of 98% of its adjudication caseload, issuing decisions in 573 cases and imposing penalties exceeding Rs4.73 billion for violations of the Companies Act and other applicable laws.

Following the appointment of SECP Chairman Dr Kabir Ahmed Sidhu, the regulator further strengthened its adjudication function, the SECP said in a statement on Saturday. Of the 969 Adjudication Recommendation Notes available for assessment, 953 were reviewed, while proceedings in 573 cases were concluded through the issuance of reasoned orders. The remaining recommendations for initiating legal proceedings were subsequently processed through strengthened oversight and effecti...