The Securities and Exchange Commission of Pakistan (SECP) has taken another step toward regulatory digitization by expanding its data-sharing network under the Pakistan Regulatory Modernization Initiative (PRMI). In a move aimed at strengthening transparency and ease of doing business, SECP has signed Memorandums of Understanding (MoUs) with multiple federal and provincial regulators to integrate them into its eZfile portal.
The new agreements were formalized in collaboration with the Board of Investment (BOI), bringing on board key organizations including the National Electric Power Regulatory Authority (NEPRA), Punjab Revenue Authority (PRA), Drug Regulatory Authority of Pakistan (DRAP), Sui Northern Gas Pipelines Limited (SNGPL), Pakistan Electronic Media Regulatory Authority (PEMRA), and Islamabad Electric Supply Company (IESCO). The MoUs were signed on behalf of SECP by Commissioner Muzzafar Ahmed Mirza.
Through this integration, these regulators can now directly access verified company information from SECP’s digital portal, eliminating the need for businesses to make multiple manual submissions. The initiative is designed to reduce paperwork, minimize redundancies, and speed up service delivery for regulated entities, paving the way for more efficient compliance across sectors.
This latest expansion builds on earlier collaborations where SECP integrated data-sharing mechanisms with institutions such as the Pakistan Software Export Board (PSEB), Special Technology Zones Authority (STZA), Pakistan Engineering Council (PEC), Pakistan Single Window (PSW), BOI, Pakistan Telecommunication Authority (PTA), Khyber Pakhtunkhwa Board of Investment and Trade (KP-BOIT), Khyber Pakhtunkhwa Revenue Authority (KPRA), and Balochistan Revenue Authority (BRA). Together, these partnerships represent a growing network of regulators and agencies connected to SECP’s eZfile platform, enabling seamless digital access to corporate records.
According to SECP officials, the initiative reflects the regulator’s long-term vision of “From Paper to Platform 100% Online,” which is central to its digital transformation roadmap. By creating a unified digital ecosystem, the SECP aims to not only streamline regulatory processes but also foster investor confidence in Pakistan’s business environment.
The integration also supports the government’s broader agenda of enhancing the ease of doing business, reducing compliance bottlenecks, and encouraging digital innovation within regulatory frameworks. By allowing regulators to electronically verify and retrieve information, the system cuts down duplication and improves transparency.
Industry stakeholders note that digital regulatory integration is a vital step for Pakistan’s economic modernization. With businesses often required to submit identical documents to multiple agencies, the transition toward a shared digital platform saves both time and costs, particularly for small and medium-sized enterprises that often struggle with compliance burdens.
The collaboration is also expected to accelerate decision-making processes for regulators, as instant access to company data eliminates delays associated with manual requests and verification. Officials believe that improved efficiency will help in reducing opportunities for human error, increasing accountability, and promoting better inter-agency coordination.
The PRMI, under which these integrations are being implemented, represents a holistic approach to regulatory reform by leveraging technology as a driver of efficiency. It aligns closely with global best practices where digital-first regulatory systems are increasingly being adopted to foster investor trust and attract foreign investment.
The SECP’s move also signals a broader shift in Pakistan’s approach to governance, where the role of technology is being placed at the center of institutional reforms. For businesses, the benefits are clear: streamlined compliance, reduced costs, faster approvals, and improved transparency. For regulators, it creates a stronger foundation for collaboration and oversight without overwhelming administrative resources.
As Pakistan continues its push toward economic modernization, initiatives like the expansion of the SECP’s digital data-sharing network stand out as key milestones. By linking regulators through a unified digital framework, the country is not only improving its regulatory landscape but also strengthening the digital foundations required for a competitive, investor-friendly economy.