Summary These NGOs' registrations have been canceled after SECP violations
ISLAMABAD (Dunya News) – The Securities and Exchange Commission of Pakistan (SECP) on Friday canceled registrations of at least twenty three foreign Non-Government Organisations (NGOs) including Save the Children, Dunya News reported.
According to details, the action against the foreign NGOs was taken during evaluation of documents and accounts as part of implementation of the National Action Plan (NAP) – the anti-terrorism plan that was enacted after terrorist attack on Peshawar’s Army Public School.
According to SECP, these organizations have repeatedly failed to submit their audit accounts despite several notices.
The NGOs whose registrations have been canceled include Save the Children, Al Haya Trust, War Child, The British Council, American Institute for Research and Behavioural Sciences, Global Partner, Global Relief Foundation and Overseas Development Corporation.
Currently, there are at least 33 NGOs registered with the SECP and a high level committee has also been formed to frame a ‘comprehensive policy’ to monitor them.
