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ISLAMABAD, Dec 15 (APP):The Securities and Exchange Commission of Pakistan (SECP) has been recognized as a “Reforms Champion” by Prime Minister Muhammad Shehbaz Sharif, during the launch of the National Regulatory Reforms.
This distinction highlights SECP’s leadership and sustained commitment to improving the ease of doing business, driving digital transformation, and fostering a modern, compliance-oriented regulatory environment across Pakistan’s corporate sector, said a release issued here on Monday.
In collaboration with the Board of Investment (BoI), the SECP has undertaken an expansive legislative reform initiative to modernize the Companies Act, 2017 in line with international best practices. Through extensive deliberations with the BoI team and international consultants, led by the Special Assistant to the Prime Minister, a consensus was reached on these Regulatory Reforms.
Collectively, these reforms aim to decriminalize outdated provisions, enhance convenience for businesses, strengthen corporate governance, reinforce regulatory oversight, reduce unnecessary regulatory burdens, and accelerate digitalization.
This ensures the Act remains aligned with international best practices and the evolving needs of Pakistan’s economic landscape.
The proposed amendments are designed to simplify compliance procedures, eliminate obsolete regulatory thresholds, expand public access to corporate information, and promote a more transparent, predictable, and investor-friendly corporate framework.
The SECP reaffirms its commitment to advancing a progressive, efficient, and investment-enabling corporate regime that supports sustainable economic growth and strengthens Pakistan’s global competitiveness