SECP extends FPRM’s compliance deadline to February 2027

The Securities and Exchange Commission of Pakistan (SECP) has granted First Paramount Modaraba (FPRM) an extension for complying with the Minimum Equity and Credit Rating Requirements. According to Mettis Global, the relief covers the period from August 15, 2026 to February 15, 2027. The extension is subject to certain conditions, which the report does not detail.

The company disclosed the decision through a notification to the Exchange. The approval was shared with the market through a notification to the Exchange. Beyond the stated dates, the report gives no further detail on the attached conditions. The matter concerns the modaraba's compliance with minimum equity and credit rating standards set by the regulator.

The report contains no earnings figures, so the update is a regulatory development rather than a financial result. It also does not state the reasons for the extension.