The Securities and Exchange Commission of Pakistan (SECP) has been formally recognized as a “Reforms Champion” by Prime Minister Muhammad Shahbaz Sharif during the launch of the National Regulatory Reforms. This accolade underscores SECP’s leadership and its sustained commitment to fostering a modern, compliance-oriented regulatory environment and driving digital transformation across Pakistan’s corporate sector.
In partnership with the Board of Investment (BoI), SECP has embarked on an extensive legislative reform initiative aimed at modernizing the Companies Act, 2017, aligning it with international best practices. Extensive deliberations with BoI and international consultants, led by the Special Assistant to the Prime Minister, helped build a consensus on key regulatory reforms to enhance ease of doing business and strengthen corporate governance.
The reforms focus on decriminalizing outdated provisions, simplifying compliance procedures, reducing unnecessary regulatory burdens, and accelerating digitalization. They are designed to improve public access to corporate information, increase transparency, and establish a predictable and investor-friendly framework. SECP’s efforts aim to ensure that corporate regulations remain responsive to Pakistan’s evolving economic landscape while promoting sustainable economic growth.
By eliminating obsolete thresholds and streamlining compliance, the reforms support businesses in operating more efficiently while reinforcing regulatory oversight. The initiative also reflects Pakistan’s commitment to international standards, enhancing the country’s global competitiveness and attractiveness to investors.
SECP reaffirmed its dedication to advancing a progressive corporate regime that balances investor protection with business facilitation. The recognition as a “Reforms Champion” reflects the regulator’s pivotal role in modernizing corporate laws, enabling digital adoption, and building a forward-looking regulatory environment that supports long-term economic development in Pakistan.
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