Pakistan, Jan. 20 -- The Securities and Exchange Commission of Pakistan (SECP) has amended the Companies (Further Issue of Shares) Regulations 2020, easing procedural requirements for listed firms seeking to raise capital through rights issues. The move aims to streamline capital mobilisation and reduce regulatory bottlenecks for companies tapping existing shareholders for funds.

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Under the revised rules, the requirement for a clean Credit Information Bureau (CIB) report will no longer apply if the relevant persons furnish a No Objection Certificate (NOC) from financial institutions regarding the proposed rights issue. The SECP said the change retains neces...