Pakistan, Aug. 3 -- The United Insurance Company of Pakistan Limited has officially resumed its guarantee business operations following a significant ruling by the Islamabad High Court (IHC), which suspended the Securities and Exchange Commission of Pakistan's (SECP) earlier directives that had called for a halt to such activities.
In a detailed order issued on July 28, 2025, the IHC directed the SECP to immediately withdraw its previous press release related to the cessation of United Insurance's guarantee business. Complying with the directive, the SECP submitted a formal compliance report to the Deputy Registrar (Judicial) of the IHC on July 30, 2025.
As a result of the court's intervention, all restrictions previously imposed on the...
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