SECP for reforming REIT regulations

ISLAMABAD: The Chairman Security Exchange Commission of Pakistan (SECP) Amir Khan has committed to reforming the Real Estate Investment Trust (REIT) regulations of the country.

According to the details, the commission is reforming the regulations in order to open new avenues of investment opportunities, removing the hurdles which have prevented the investors from investing in REITs.

The presentation given on the occasion disclosed that the commission is working to allow the REITs to invest in special purpose companies or in real estate directly.

Furthermore, the commission through reforms also aims to bring infrastructure projects under Public-Private Partnership (PPP) under the framework of REIT.

The SECP had engaged in a consultative process for incorporating the feedback of various stakeholders and reforming the regulations.