According to SECP sources, the licenses of NGOs were cancelled for not complying with the corporate laws.
Beside Mir Khalil-ur-Rehman Foundation, SECP has suspended licenses of some prominent NGOs that include Shaheed Zulfiqar Ali Bhutto Foundation, Karachi Golf Club and Karachi Race Club.
Among commercial organizations licenses of Pak-Japan Business Forum, Pak-Poland Business Forum, Bilawal Foundation and Habib Foundation has been suspended.
