SECP and RCCI Collaborate to Promote Formal Business Registration

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and the Rawalpindi Chamber of Commerce & Industry (RCCI) jointly conducted an informative session, encouraging entrepreneurs to formalize their businesses through registration as a Company or Limited Liability Partnership (LLP) for enhanced empowerment and expansion.

The session was well-attended by RCCI members, emerging startups, and female business owners. It offered detailed, practical advice on the process of business incorporation. Attendees discovered how the appropriate business structure promotes transparent governance, broader market reach, and the necessary credibility for growth, while also making businesses appealing for investment and ensuring long-term sustainability.

The session underscored the significance of consistent interaction with business chambers nationwide, recognizing their vital role in changing perceptions and equipping business owners with the resources needed to succeed within Pakistan’s organized corporate landscape.

A major highlight was the suggestion to solidify collaborative efforts via a Memorandum of Understanding (MoU) between SECP and RCCI. The MoU is intended to boost corporate literacy, raise business awareness, and foster a strong business environment. Both organizations reaffirmed their commitment to combatting Ponzi schemes and illegal deposit-taking, urging RCCI members to proactively report dubious activities and serve as informants.

Reflecting SECP’s dedication to inclusivity, a special follow-up event for women entrepreneurs will be organized at SECP headquarters. RCCI’s leadership also requested focused presentations addressing the requirements for incorporating small-scale businesses and transitioning sole proprietorships into registered business entities.

Looking forward, SECP articulated its extensive vision, under the guidance of its chairman, encompassing the entire corporate lifecycle – from establishment and operation to dispute resolution, restructuring, rehabilitation, liquidation, and closure. This strategic approach establishes SECP not just as a regulator, but as a facilitator of beneficial regulation that stimulates growth, transparency, and enduring advancement throughout a business’s lifespan.

Moving forward, the formalization of awareness initiatives and collaborative outreach via the proposed MoU were highlighted as essential measures for fortifying Pakistan’s corporate framework.

The session concluded with a shared commitment from SECP and RCCI to assist Pakistani businesses in incorporating, empowering, and expanding, thus establishing a base for a more transparent, reliable, and growth-focused economy.