Islamabad: The Securities and Exchange Commission of Pakistan (SECP) and the Federal Board of Revenue (FBR) have launched a one-window facility for company and National Tax Number (NTN) registration, according to a news report. This initiative is a part of ‘Doing Business Reforms’ agenda.
The system was inaugurated in a ceremony at SECP’s head office by SECP Chairman Zafar Abdullah and FBR Member (IT) Khawaja Adnan Zahir inaugurated the system during a ceremony on Wednesday at the SECP’s head office.
On the occasion, Zafar Abdullah said that SECP has introduced several reforms, which have induced a robust corporate growth in the country and lead to formalisation of the business sector and documentation of the economy.
Through this system, entrepreneurs can now login to SECP online portal eServices and get their companies registered with the SECP. They will receive the NTN automatically at the company’s email address after the process is complete. This will simplify the procedures and eliminate the hassle of visiting various government office.
The system is expected to help promote investment and document economy. It is also likely that it will help improve Pakistan’s ranking in the World Bank’s business indicators.
