The Accountability Paradox

This study examines Pakistan’s “accountability paradox” in corporate oversight, focusing onregulatory bodies like the SECP and NAB. It notes that the Companies Act 2017 greatlyexpanded SECP’s enforcement powers 1 , yet overlapping jurisdictions and political influence stillundermine implementation 2 . NAB’s anti‐corruption efforts are widely criticized as“high‐handed” and partisan, often yielding few convictions 3 . The abstract concludes that withoutstrong, independent institutions (e.g. empowered corporate courts and grievance panels 4 ),Pakistan’s regulators will continue to uncover irregularities without real remedy 5 .