Latest Judgments

Newly reported judgments from the Supreme Court of Pakistan, the High Courts and tribunals, added as they are processed — free, full text, updated daily. Judgments marked NEW were added in the most recent update. 232,594 judgments in total.

• In the matter of Mari Petroleum Company Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Maqsood Ismail, Director of Ismail Industries Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Manzoor liussain Mir, Chartered Accountant - Auditor of Kohinoor Power Company Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of Mansha Mohsin Dossani Khan & Company, CharteredSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of Mansha Mohsin Dossani Khan & Company, CharteredSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Mandviwalla Mauser Plastic Industries limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Mandi Cold Storage (Pvt) Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Managing Director and Deputy Managing Director of the Karachi Stock Exchange Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Maha Securities (Pvt.) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Mac Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Maan Securities {Pvt.) Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M.S. Securities (Pvt.) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M.R. Securities (Pvt,) Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of M's. Switch Securities Pvt. Limited Member of the LahoreSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of lunaidy Shoaib Asad & Co. Chartered Accountants vs Emd_242_L_67_2010-447Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of lqbal Usman Kodvavi Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Live Securities Limited, Trec Holder of Karachi Stock Exchange Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Live Securities (Pvt.) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of Lick Trade Limited. Member Karachi Stock Lxchang17. ("Kse") vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Libaas Textile Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• in the matter of Latif Jute Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of Lahore Stock EXCl Iange G Limited and Ml .Smid MahSecurities and Exchange Commission of Pakistan · 2010-09-08Read full judgment →
• In the Matter of Kohinoor Power Company Ltd. vs NotSecurities and Exchange Commission of Pakistan · 2000-10-02Read full judgment →
• In the matter of Kohinoor Power Company Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of  Kohinoor Industries Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Khawaja Tajammul Hussain vs NotSecurities and Exchange Commission of Pakistan · 2005-10-05Read full judgment →
• In the matter of Khawaja Muhammad Muzaffar lqbal, Director of MahmoodSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Khawaja Muhammad Masood, Director of MahmoodSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Khawaja Muhammad Jalaluddin Roomi, Director of Mahmood Textile Mills Limited vs N_aSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Khawaja Muhammad Iqbal, Director/Chief ExecutiveSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Khawaja Muhammad Ilyas, Director of Mahmood TextileSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Khawaj a Muhammad Younus, Director of MahmoodSecurities and Exchange Commission of Pakistan · -Read full judgment →
• in the matter of Khalid Siraj Textile Mills Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Khairpur Sugar Mills Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Kashmir Polytex Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Kasb Securities Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Kasb Securities Limited vs NotSecurities and Exchange Commission of Pakistan · 2005-09-09Read full judgment →
• In the matter of Kasb Finance (Pvt.) Ltd vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Karamat Chaudhry & Co., Chartered Accountants-Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Karachi Stock Exchange (Guarantee) Limited, Karachi.Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Karachi Stock Exchange (Guarantee) Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of JS Global Capital Markets Limited (Formerly JahangirSecurities and Exchange Commission of Pakistan · -Read full judgment →
• in the matter of JS Global Capital Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Javed Omer Vohra & Company Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Javed Omer Vohra & Company Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of Jahangir Siddiqui Investment Bank Limited vs NotSecurities and Exchange Commission of Pakistan · 2002-05-14Read full judgment →
• In the matter of Jahangir Siddiqui & Company Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Ittehad Chemicals Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Ismail lqbal Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Ismail Iqbal Securities (Pvt.) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Ismail Iqbal Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Ismail Abdul Shakoor Securities (Private) Limited (FormerlySecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Islamic Investment Bank Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Islamabad Stock Exchange (Guarantee) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Irfan Mazhar Securities (Pvt.) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Iqbal Usman Kodvavi Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of Investigation into the Affairs of M/s. Udl IndustriesSecurities and Exchange Commission of Pakistan · 1970-01-01Read full judgment →
• In the Matter of Investigation into the Affairs of M/s Polyron Limited.Securities and Exchange Commission of Pakistan · 1999-05-19Read full judgment →
• In the Matter of Investigation into the Affairs of M/s ChakwalSecurities and Exchange Commission of Pakistan · 2001-01-02Read full judgment →
• In the matter of Invest Capital Markets Limited, Broker Karachi StockSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Invest Capital Markets Limited vs N/ASecurities and Exchange Commission of Pakistan · -
  Net Capital BalanceSecurities and Exchange Commission of PakistanBrokerage regulationMarket integrityCapital adequacyDisciplinary proceedingsFinancial misrepresentation
  Summary & questions settled

  This matter concerns disciplinary proceedings initiated by the Securities and Exchange Commission of Pakistan against Invest Capital Markets Limited, a broker, for failing to maintain the prescribed Net Capital Balance (NCB) and for misrepresenting its financial position to the National Clearing Company of Pakistan Limited. The core legal question was whether the Respondent’s failure to maintain the required NCB and its subsequent reporting of false capital adequacy data constituted a violation of the regulatory framework. The Commission held that the Respondent failed to maintain the minimum NCB as mandated by law and engaged in deceptive reporting practices, which compromised market transparency and systemic risk. The Commission emphasized that registered brokers are obligated to exercise due skill, care, and diligence, and that misrepresentation to regulators is a serious breach of market integrity. Consequently, the Commission imposed a penalty of Rs. 500,000 on the Respondent and issued specific directions for the submission of updated financial compliance reports to ensure adherence to regulatory standards and the protection of client interests.

  Questions settled

  • Does a broker's failure to maintain the prescribed Net Capital Balance constitute a violation of the Securities and Exchange Rules, 1971?
  • Can a broker be penalized for misrepresenting capital adequacy data to the National Clearing Company of Pakistan Limited?
  • What is the extent of a broker's duty regarding the segregation of client assets under the Brokers and Agents Registration Rules, 2001?
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• In the matter of Invest Capital & Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Invest & Finance Securities Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of International Housing Finance Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Intermarket Securities Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Intermarket Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In The Matter Of Inno Vative Investment Bank Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Industrial Capital Modaraba and M/s. National IndustrialSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Indus Fruit Products Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Indus Fruit Products Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of in Is. Ali Asgiiaiz Textile Mills Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Igi Insurance Company Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the Matter of Igi Finex Securities Limited Member - Karachi StockSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Ibl Health Care Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of I.I. Kodvavi Securities (Pvt.) Ltd. vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of husein Sugar Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Husein Industries Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Hum Network Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Honda Atlas Cars (Pakistan) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Hira Textile Mills Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Hinopak Motors Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• in the matter of Highlink Capital (Pvt.) Limited, vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Highlink Capital (Pvt.) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Hashim Khan vs NotSecurities and Exchange Commission of Pakistan · 2005-10-04Read full judgment →
• In the matter of Haseeb Waqas Sugar Mills Limited vs NotSecurities and Exchange Commission of Pakistan · 2007-10-01Read full judgment →
• In the matter of Hala Enterprises Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Hakkim Textile Mills Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Haji Ghani Haji Usman vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Haji Ghani Haii Usman vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Haji Dossa Limited Tahir Mahmood Executive Director vs N_aSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Hafiz Idrees Hajj and Umra Service (Private) Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• in the matter of Habib Insurance Company Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Habib Bank Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Habib Bank Limited vs NotSecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of H.P Byramji & Co (Pvt) Limited vs N/AReview Later · Securities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of H. M. Idrees H. Adam vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Guardian Securities (Pvt.) vs NotSecurities and Exchange Commission of Pakistan · 2012-01-21Read full judgment →
• In the matter of Guardian Securities (Private) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Grays of Cambridge (Pakistan) Limited vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →
• In the matter of Grays of Cambridge (International) Limited, vs N/ASecurities and Exchange Commission of Pakistan · -Read full judgment →