SECP Briefs ABAD Members on Corporatization, REIT Opportunities
Pakistan's securities regulator outlined the benefits of corporatization and real estate investment trust registration to builders and developers.
The Securities and Exchange Commission of Pakistan (SECP) briefed members of the Association of Builders and Developers of Pakistan (ABAD) on the benefits of corporatization and opportunities for registering Real Estate Investment Trusts (REITs), according to the Associated Press of Pakistan.
The session was held at ABAD's head office, with SECP Commissioner Muzzafar Ahmed Mirza leading the Commission's delegation.
The briefing is aimed at encouraging real estate developers to consider corporate structures and REIT registration as part of efforts to formalize and modernize the sector.
Further details on specific outcomes or commitments from the session were not immediately available.
Sources
- SECP briefs ABAD members on corporatization, REIT opportunities — APP (Pakistan)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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