Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has launched a single combined digital certificate evidencing registration with the commission and a few other provincial authorities simultaneously, according to a news published on April 30.
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These single combined digital certificates by SECP aim to reduce face-to-face interaction with the citizens and provide door-step services through modern technology. Moreover, the initiative will significantly reduce the overall ‘starting a business’ time in Pakistan and would improve the global ranking of Pakistan on the ‘Ease of Doing Business Index’.
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There are less than 10 global jurisdictions where federal and provincial registrations are combined online on a real-time basis and Pakistan has joined the league. This singled combined certificate will be issued by SECP’s e-Services in real-time upon the incorporation of a company through a ‘single window’ – and lead to simultaneously registration of the said firm with provincial departments.