FPSC Introduces Major Changes to CSS Examination. Pakistan’s top financial and examination authorities have announced two major regulatory decisions. The Securities and Exchange Commission of Pakistan has proposed strict regulations to ban fraudulent marketing schemes, while the Federal Public Service Commission has revised the CSS examination schedule starting from 2026. Both moves aim to improve transparency, protect citizens, and reduce pressure on candidates and investors.
SECP Proposes Ban on MLM, Referral, Pyramid, and Ponzi Schemes
The Securities and Exchange Commission of Pakistan has proposed a complete ban on Multi-Level Marketing (MLM), referral marketing, and pyramid and Ponzi schemes operating in Pakistan.
The proposal is aimed at stopping business models that rely on misleading profit claims and recruitment-based earnings, which often result in financial losses for the public.
Draft Regulations Issued Through S.R.O. 2440(I)/2025
To implement the proposed ban, the SECP has issued S.R.O. 2440(I)/2025, introducing the draft Companies (Multi-Level Marketing, Referral Marketing, Pyramid & Ponzi Schemes) Regulations, 2025.
These draft regulations seek to:
- Restrict unregistered and deceptive schemes
- Strengthen investor protection
- Improve regulatory oversight of marketing-based businesses
Once finalized, the regulations will provide a legal framework to act against illegal schemes across the country.
FPSC Changes CSS Compulsory Paper Schedule From 2026
In a separate development, the Federal Public Service Commission has announced an important change in the conduct of compulsory papers for the CSS Competitive Examination.
Starting from CSS 2026, candidates will appear in only one compulsory paper per day. Previously, two compulsory papers were scheduled on the same day.
Reason Behind the CSS Exam Schedule Change
According to the FPSC, the decision was taken to facilitate candidates and ensure the smooth conduct of the examination. The revised schedule is expected to reduce exam fatigue and improve performance.
The commission also confirmed that a detailed examination timetable will be uploaded separately.
Official Notification and Candidate Advisory
The FPSC advised candidates to regularly visit its official website for updates related to the CSS examination.
The public notice was issued from Islamabad on December 17, 2025, and was signed by Zafar Abbas Memon, Director (CE) of the Federal Public Service Commission.
FAQs
What is the SECP proposing to ban in Pakistan?
The SECP has proposed a ban on Multi-Level Marketing (MLM), referral marketing, and pyramid and Ponzi schemes to protect the public from fraud.
Why does the SECP want to ban MLM and pyramid schemes?
These schemes often rely on recruitment instead of real products or services and usually cause financial losses to participants.
What is S.R.O. 2440(I)/2025?
It is the official notification issued to introduce draft regulations for banning MLM, referral, pyramid, and Ponzi schemes in Pakistan.
Have the SECP regulations been implemented yet?
No. The regulations are currently in draft form and will be enforced after the approval process is completed.
What change has FPSC made to the CSS examination?
From CSS 2026 onwards, FPSC will conduct only one compulsory paper per day instead of two.
Why did FPSC change the CSS exam schedule?
The change aims to reduce pressure on candidates and ensure smoother conduct of the examination.
When will the new CSS exam pattern apply?
The revised schedule will apply from the CSS Competitive Examination 2026 and onwards.
Where can candidates check the CSS exam timetable?
Candidates should regularly visit the official FPSC website for the detailed timetable and updates.
Conclusion
The proposed SECP regulations mark a strong step toward protecting investors from fraudulent schemes, while the FPSC’s CSS exam reforms aim to ease pressure on candidates. Both decisions reflect a broader push for transparency, regulation, and public welfare in Pakistan.
