{"id":65237,"date":"2020-05-09T10:00:25","date_gmt":"2020-05-09T05:00:25","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65237"},"modified":"2020-05-08T13:57:51","modified_gmt":"2020-05-08T08:57:51","slug":"mof-launches-str-financial-institutions-file-security-interests-online","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/mof-launches-str-financial-institutions-file-security-interests-online.html","title":{"rendered":"MoF launches STR for financial institutions to file security interests online"},"content":{"rendered":"\n<p>Islamabad: Advisor to the Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh on Thursday launched the Secured Transitions Registry (STR) facility for the country\u2019s financial institutions so they could file their security interests online, a news source reported.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sops-opening-businesses-punjab-prepared.html\" target=\"_blank\" rel=\"noreferrer noopener\">SOPs for opening businesses in Punjab prepared<\/a><\/p>\n\n\n\n<p>The Securities and Exchange Commission of Pakistan (SECP) operationalized the STR; established under the Financial Institutions Act 2016. The STR is an electronic register which can be accessed online and registers security interests created by financial entities on their movable assets. It was informed that the registry was available to the public for search online and the registration process was free of charge and completely automated.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ecnec-approves-usd-330mn-project-improve-punjabs-hdi-ranking.html\" target=\"_blank\" rel=\"noreferrer noopener\">ECNEC approves USD 330mn project to improve Punjab\u2019s HDI ranking<\/a><\/p>\n\n\n\n<p>Hafeez Shaikh chaired the launching ceremony of STR, while State Bank of Pakistan (SBP) Governor Reza Baqir, Board of Investment (BoI) Chairman Atif Bukhari, SECP Chairman Aamir Khan, and several other senior officials were present during the ceremony.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-withdraws-tenant-eviction-notification-amid-lockdown-seeks-amendment.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab govt withdraws tenant-eviction notification amid lockdown; seeks amendment<\/a><\/p>\n\n\n\n<p>Hafeez Shaikh said that the STR initiative would facilitate <a href=\"https:\/\/www.zameen.com\/news\/govt-finalise-cash-flow-support-plan-msmes-end-may.html\" target=\"_blank\" rel=\"noreferrer noopener\">Micro, Small and Medium Enterprises (MSMEs)<\/a>. The registry will enhance the scope of assets that MSMEs can present as security for getting finance. Additionally, he added that STR would facilitate banks in expanding their lending portfolios and improve Pakistan\u2019s scores on World Bank\u2019s Doing Business index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Advisor to the Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh on Thursday launched the Secured Transitions Registry (STR) facility for the country\u2019s financial institutions so they could file their security interests online, a news source reported. Read: SOPs for opening businesses in Punjab prepared The Securities and Exchange Commission of Pakistan (SECP) operationalized the STR; established under the Financial Institutions Act 2016. The STR is an electronic register which can be accessed online and registers security interests created by financial entities on their movable assets. It was informed that the registry was available to the public for search online and the registration process was free of charge and completely automated. Read: ECNEC approves USD 330mn project to improve Punjab\u2019s HDI ranking Hafeez Shaikh chaired the launching ceremony of STR, while State Bank of Pakistan (SBP) Governor Reza Baqir, Board of Investment (BoI) Chairman Atif Bukhari, SECP Chairman Aamir Khan, and several other senior officials were present during the ceremony. Read: Punjab govt withdraws tenant-eviction notification amid lockdown; seeks amendment Hafeez Shaikh said that the STR initiative would facilitate Micro, Small and Medium Enterprises (MSMEs). The registry will enhance the scope of assets that MSMEs can present as&hellip;<\/p>\n","protected":false},"author":76,"featured_media":63462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[28518,28517,28519,26299,28516],"persona":[],"class_list":{"0":"post-65237","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-advisor-to-the-prime-minister-pm-on-finance-dr-abdul-hafeez-shaikh","9":"tag-financial-institutions","10":"tag-secured-transitions-registry-str","11":"tag-securities-and-exchange-commission-of-pakistan-secp","12":"tag-security-interests-online","13":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MoF STR financial institutions file security interests online - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Advisor to the Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh on Thursday launched the Secured Transitions Registry (STR) facility\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/mof-launches-str-financial-institutions-file-security-interests-online.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MoF STR financial institutions file security interests online - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Advisor to the Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh on Thursday launched the Secured Transitions Registry (STR) facility\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/mof-launches-str-financial-institutions-file-security-interests-online.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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