Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has launched a single combined digital certificate evidencing registration with the commission and a few other provincial authorities simultaneously, according to a news published on April 30.
These single combined digital certificates by SECP aim to reduce face-to-face interaction with the citizens and provide door-step services through modern technology. Moreover, the initiative will significantly reduce the overall ‘starting a business’ time in Pakistan and would improve the global ranking of Pakistan on the ‘Ease of Doing Business Index’.
There are less than 10 global jurisdictions where federal and provincial registrations are combined online on a real-time basis and Pakistan has joined the league. This singled combined certificate will be issued by SECP’s e-Services in real-time upon the incorporation of a company through a ‘single window’ – and lead to simultaneously registration of the said firm with provincial departments.