PSX-KMI All Share Index: SECP revises Shariah screening criteria & methodology

The Securities and Exchange Commission of Pakistan (SECP) has approved revisions to the Shariah screening criteria and methodology for the PSX-KMI All Share Index. The revisions align with international benchmarks and aim to strengthen investor confidence in Shariah-compliant capital market instruments. The decision follows a high-level review meeting of the Committee on the Post-2027 Financial Sector Strategy, chaired by the Finance Secretary. The meeting emphasized accelerating the implementation of initiatives in line with the Federal Shariat Court’s ruling. Progress on the ongoing transformation and next steps toward transitioning Pakistan’s financial system to a Riba-free framework were reviewed. The SECP was directed to prepare a comprehensive plan for transforming SECP-regulated sectors into Shariah-compliant models and to develop a post-2027 strategy to sustain the transition.