ISLAMABAD, Sep 7 (APP):The Securities and Exchange Commission of Pakistan (SECP) has approved a set of regulatory reforms aimed at improving Pakistan's performance under the World Bank Group's Business Ready (B READY) assessment. Pakistan has already performed strongly in the Business Entry category of the B READY 2025 Report, ranking 17th among 101 economies with a score of 86.64, said a release issued here on Monday. The reforms approved by …
SECP approves reforms to strengthen Pakistan’s standing under World Bank’s business ready framework
ISLAMABAD, Sep 7 (APP):The Securities and Exchange Commission of Pakistan (SECP) has approved a set of regulatory reforms aimed at improving Pakistan’s performance under the World Bank Group’s Business Ready (B READY) assessment.
Pakistan has already performed strongly in the Business Entry category of the B READY 2025 Report, ranking 17th among 101 economies with a score of 86.64, said a release issued here on Monday.
The reforms approved by the Commission are designed to close the remaining gaps and bring the country’s business framework closer to leading international practices.
As part of the reforms, automated sharing of updated company information with the Federal Board of Revenue through APIs will be expanded, in coordination with the Board of Investment, to further streamline compliance and reduce duplication for businesses.
The Commission also approved measures to make information on environmental approvals and operating permits accessible through SECP’s website, once compiled by the relevant authorities, giving businesses a single point of reference for regulatory requirements.
Similarly, information on publicly funded programmes supporting SMEs and women entrepreneurs is made available through SECP’s digital platforms, improving awareness and access to existing government support.
In addition, SECP will publish gender dataset statistics on newly incorporated companies, covering women shareholders, directors, chief executives, and ultimate beneficial owners.
These measures target specific areas where Pakistan can gain additional B READY points, supporting continued improvement in the country’s future ranking.
