SECP launches combined digital registration with provincial agencies

As part of its transformational journey, the SECP has now introduced a single combined digital certificate evidencing registration with SECP and some provincial departments simultaneously, said a press release on Friday.

“The SECP continues to strive for reducing physical interaction with the citizens, and is focused on providing services through use of modern technology at the door-step of the end-users. This initiative is expected to significantly reduce the overall “Starting a Business” time in Pakistan and would have a positive impact on the country’s ranking on the Doing Business Index. There are less than 10 jurisdictions globally where federal and provincial registrations are integrated online on a real-time basis, and Pakistan has also now joined this league.

“The single combined certificate will be issued through SECP’s e-Services in real-time upon incorporation of a company through a ‘single window, and will simultaneously register the company with provincial departments, including Punjab Employees Social Security Institution (PESSI), Sindh Employees Social Security Institution (SESSI), Labour & Human Resource Departments and Excise & Taxation Departments of Punjab and Sindh. The digital combined certificate features QR code and a hyperlink for instant verification of registration status of the company. SECP has in the past also integrated its systems with FBR, EOBI and BOI.

“The launch of this combined electronic certificate by SECP is another landmark initiative towards automation of regulatory processes to foster a user-friendly business environment in the country, expected to further fuel the growth of new company registrations in Pakistan. 

“The SECP’s vision is to relentlessly develop a digital ecosystem under the ‘Leading Efficiency through Automation Prowess’ (LEAP) program for end-to-end digitalization of all its internal processes as well as outside interface. The recent reforms introduced under LEAP include Digital Certificate of Incorporation, launch of an online portal for banks to facilitate expeditious account opening, online issuance of Digitally Certified True Copies of statutory returns and mortgage register.”

Trends Stock

Trends Stock provides information about the latest and upcoming trends in the fields of technology, business, education and sports mainly in Pakistan. To keep pace with this fast growing age of development, one can easily build an opinion about the newest trends by scrolling through relevant sections of the website. The first hand reliable data eases the individual to analyze the cutting edge drifts in the related arenas while making any decision.

Previous Post
Next Post

Leave a Reply

Your email address will not be published. Required fields are marked *