March 18, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has begun the consultative process to explore the implementation of the  settlement cycle, aimed to enhance market efficiency and activity. 

The regulator said it will evaluate key challenges associated with the transition, including the impact on market liquidity, according to a press release issued.

It also highlighted operational issues faced during Ramadan, such as limited banking hours and delays in cheque clearance, which have posed hurdles. 

Emphasizing the importance of the move, the SECP noted that T+1 has already been adopted in markets like the United States, Canada and Mexico, while other major economies are also shifting towards the system. 

The commission added that it will engage with all market stakeholders and, based on feedback, develop a comprehensive roadmap for the rollout of T+1 settlement.

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