SECP proposes revamping of REITs Regulatory Framework

The Securities and Exchange Commission of Pakistan (SECP) has published a concept paper titled “Review of Landscape & Revamping Framework-REITs” for soliciting public comments.

It provides a glance at the Real Estate Investment Trusts (REITs) Industry and covers proposed amendment(s) in the REITs regulatory framework.

The aim of proposed regulatory amendments is to introduce new REIT products, create ease for REIT Management Companies in launching different REIT schemes, and shift towards a reporting based regime.

REITs structure is new to Pakistan’s market but in the past two years, ten (10) new REIT Schemes have been launched in the country which shows huge potential for growth. National strategic projects having social and economic benefits can also be financed and executed through REITs Structure.

Must Read

Repatriation of Afghan Refugees

In the context of Afghanistan, the ongoing situation has resulted in a large number of Afghan refugees fleeing their homeland in search of safety...

Epaper_25-3-17 LHR

Epaper_25-3-17 KHI

Epaper_25-3-17 ISB