SECP and PBC Collaborate to Strengthen Corporate Sector

The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Business Council (PBC) have reaffirmed their dedication to working collaboratively on regulatory reforms and business facilitation. Their joint aim is to bolster the nation’s corporate sector and capital markets.

This announcement occurred after a meeting in Karachi between SECP Chairperson Akif Saeed and PBC representatives, during which they assessed recent reform efforts and defined future priorities.

Key Achievements and Innovations

The SECP highlighted a record-setting 35,000 company registrations in 2024–25, attributing this surge to digitization initiatives like online company incorporation and simplified compliance procedures. The regulator also showcased innovations such as:

  • The Financial Institutions Portal
  • The Electronic Mortgage Register
  • The Ultimate Beneficial Ownership (UBO) registry

These tools are designed to improve transparency and operational efficiency.

Capital Market Reforms and Future Initiatives

SECP officials informed the business leaders that enhancements in the capital market have enabled the listing of government debt securities on the Pakistan Stock Exchange (PSX), alongside a more streamlined IPO process. New frameworks now accommodate online-only, Shariah-compliant, and agri-commodity futures brokers. Upcoming initiatives, including digital non-banking financial companies (NBFCs), mutual funds, and a Digital Distribution Platform, are anticipated to broaden access to finance for both businesses and investors.

Commitment to Sustainability and Inclusivity

Chairperson Saeed commended the PBC for its support of sustainability and gender-inclusive reforms, specifically noting initiatives like the ESG Sustain Portal and the Family-Friendly Awards, which were introduced under the Prime Minister’s guidance. He emphasized the need for broader implementation of ESG disclosure guidelines and enhanced capacity-building programs for stakeholders.

Industry Perspective on Regulatory Improvements

PBC Chief Executive Officer Javed Kureishi acknowledged the SECP’s proactive steps to enhance the ease of doing business. He emphasized that the SECP’s collaborative approach has fostered greater trust within the business community. PBC members also expressed their support for the regulator’s involvement in the proposed CSR Bill, asserting that corporate social responsibility should remain voluntary, in accordance with ESG principles, and underpinned by greater transparency in existing systems.