A significant step is taken for promotion of businesses and corporations in Pakistan by Security and Exchange Commission of Pakistan. Register your company just in a day.
According to SECP, new companies can be registered in a single day at three of their main offices. These offices are in the major cities like Lahore, Islamabad and Karachi.
The press release issued by SECP says
“Incorporation and facilitation desks have been established at these Company Registration Offices, which will ensure facilitation to the investors so that companies are incorporated within a day.”
It also said,
“This swift mode of registration is likely to further promote corporation of the business sector.”
SECP is also working on some other things that are in total favor of the businesses that are already running.
A number of other things were also being worked on by SECP as well that can benefit new and existing businesses.
- measures which helped reduce the registration fee for small companies
- reduction in the filing fee for companies with a small capital base,
- waiving of the name availability fee,
- merging the name availability,
- incorporation process to further reduce the time taken for registration.
Online payment and funding has been a major step that allowed people easy transactions and payments. These reforms aim to improve the conditions of business in Pakistan. It aims to make Pakistan a recognized business hub. It will also ensure documentation of the economy.
They are trying to expand their growth by opening offices at different places. Like they have opened new registration office in Giligit-Baltistan, a Capital Market Hub in Abbottabad and facilitation center in Sialkot.
These efforts are surely going to take the whole business market of Pakistan to another level.