SECP Partners with Key Organizations to Share Data

The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step toward digital transformation and regulatory modernization by signing Memorandums of Understanding (MoUs) with several key federal and provincial organizations.

This collaboration will allow electronic data sharing through SECP’s advanced eZfile portal under the Pakistan Regulatory Modernization Initiative (PRMI), making it easier for businesses, investors, and regulators to access essential company information digitally.

In a move aimed at enhancing ease of doing business and simplifying corporate processes, Mr. Muzzafar Ahmed Mirza, Commissioner SECP, signed the MoUs on behalf of the Commission in partnership with the Board of Investment (BOI) and other major stakeholders.

The organizations onboarded in this phase include:

• NEPRA – National Electric Power Regulatory Authority

• PRA – Punjab Revenue Authority

• DRAP – Drug Regulatory Authority of Pakistan

• SNGPL – Sui Northern Gas Pipelines Limited

• PEMRA – Pakistan Electronic Media Regulatory Authority

• IESCO – Islamabad Electric Supply Company

With this integration, these regulatory bodies will gain direct and secure access to company data through SECP’s eZfile system.

The eZfile portal is SECP’s flagship platform designed to streamline corporate compliance and reduce friction between businesses and regulatory bodies.

Here’s how the initiative will benefit businesses, startups, and investors:

Eliminating Repetitive Submissions

Companies will no longer need to submit the same information to multiple organizations. Once data is uploaded to SECP, it will be digitally accessible to all relevant authorities.

Reducing Paperwork

Manual processes and documentation will be phased out, making the system eco-friendly, cost-effective, and efficient.

Faster Approvals and Licensing

Businesses will receive quicker approvals, enabling them to launch operations faster and scale seamlessly.

Boosting Investor Confidence

With transparent digital processes in place, Pakistan is working toward becoming a more attractive investment destination.

Pakistan has long struggled with bureaucratic hurdles and manual compliance processes, which discourage business growth and foreign investment.

With the eZfile integration, SECP aims to:

• Simplify compliance for new startups and SMEs

• Encourage foreign direct investment (FDI) by offering transparent processes

• Reduce regulatory bottlenecks for businesses and investors

• Improve Pakistan’s Ease of Doing Business ranking on the global index

The SECP’s partnership with key federal and provincial organizations to enable digital data sharing via the eZfile portal marks a revolutionary milestone in Pakistan’s regulatory modernization journey.

By eliminating redundant processes, enhancing transparency, and streamlining compliance, SECP is creating a pro-business ecosystem that supports startups, corporations, and foreign investors alike.

This initiative not only simplifies business operations but also positions Pakistan as a digital-ready economy on the global stage.