Islamabad (Commerce Desk): The Securities and Exchange Commission of Pakistan (SECP) has taken action against 36 state-owned companies for failing to submit their annual returns and financial statements.
According to the SECP, measures are being continued to promote accountability and improve corporate governance in public sector entities. Under the government’s reform policy, compliance with rules and regulations in state-owned companies is being ensured.
The statement said that a total of 58 show-cause notices were issued to 36 government companies for not submitting financial statements and annual returns. The proceedings have now been completed.
Out of these, fines were imposed in 46 cases, while warning orders were issued in 12 cases. The total amount of penalties imposed stands at Rs. 3.175 million.
Earlier in March 2026, 41 state-owned companies were issued 66 show-cause notices, of which 58 cases have been finalized while proceedings in 8 cases are still ongoing.
According to the SECP, a minimum fine of Rs. 25,000 is imposed for not filing annual returns, while failure to submit both returns and financial statements results in a Rs. 50,000 penalty. In cases of repeated non-compliance, the fine may rise up to Rs. 225,000.
The commission added that all companies were given an opportunity to present their stance during the proceedings, and several entities have since submitted their overdue returns after receiving notices.
It further stated that a dedicated facilitation desk has been set up to assist with return filings. Copies of the decisions have been sent to relevant departments and monitoring units, while efforts to strengthen corporate governance compliance are ongoing.