The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Securities and Exchange Commission of Pakistan (SECP) have taken a significant step toward promoting corporatization and creating a more business-friendly environment in Pakistan. In a joint initiative, the two institutions organized a seminar titled “Unlocking Economic Growth through Corporatization” at the FPCCI’s Regional Office in Lahore. The event focused on raising awareness about the importance of corporatization and the benefits it brings to the national economy.
The seminar brought together key stakeholders from the public and private sectors, including business leaders, consultants, and representatives from various chambers of commerce. The aim was to encourage businesses to transition from informal to formal structures, thereby improving regulatory compliance, enhancing transparency, and boosting overall economic productivity.
Among the notable speakers were Muzzafar Ahmed Mirza, Commissioner of the Licensing & Registration Division at SECP, and Mujtaba Ahmed Lodhi, Commissioner at SECP. Both officials delivered comprehensive briefings on the ongoing regulatory reforms designed to streamline the incorporation process, reduce barriers to entry for entrepreneurs, and improve the overall ease of doing business in the country.
In his address, Mujtaba Ahmed Lodhi underscored the role of insurance in promoting financial resilience, particularly for underserved segments such as women-led businesses. He cited the impact of government-backed initiatives like the Benazir Income Support Programme (BISP) micro-insurance and digital micro-insurance policies that have helped secure millions of lives and livelihoods. Lodhi urged the private sector to integrate insurance into their business strategies, noting that such measures could safeguard enterprises from unforeseen disruptions and foster long-term sustainability.
Shahzad Afzal, Registrar of Companies at SECP, delivered a detailed presentation on the advantages of incorporation. He highlighted how formal registration can open doors to institutional financing, legal protection, access to government incentives, and enhanced credibility in the eyes of investors and international partners.
FPCCI leadership, including President Atif Ikram Sheikh and Patron-in-Chief S.M. Tanveer, praised the SECP’s proactive efforts to facilitate corporatization. They reaffirmed FPCCI’s commitment to collaborating with regulators and policymakers to strengthen Pakistan’s corporate sector and unlock new avenues for economic growth.
Interactive sessions during the seminar enabled participants to raise questions and gain clarity on incorporation procedures, regulatory compliance, and policy support available to new and existing businesses. The open dialogue underscored the value of such forums in bridging the gap between government institutions and the business community.
The seminar concluded with a gesture of appreciation from FPCCI, as souvenirs were presented to SECP Commissioners and the Registrar of Companies. Participants widely appreciated the initiative, recognizing the importance of collaboration between regulatory bodies and business associations in shaping a robust and inclusive economic ecosystem.
This joint effort by FPCCI and SECP reflects a shared vision for empowering businesses through regulatory support, formalization, and institutional partnerships. As Pakistan seeks to expand its formal economic base, initiatives like these play a critical role in fostering entrepreneurship, promoting compliance, and driving sustainable growth.