Business Registration Process In Pakistan

Security and Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi told that we have launched new fastest software in accordance to facilitate registration of new companies and businesses or renew your license within 24 hours under fast track registration process. Now we are providing various facilities and upgrade our systems to facilitate the investors from time to time.   The purpose of that we want to make simple and easier process of business registration. While especially in Karachi, Lahore and Islamabad established help desk for investor and business communities in company registration office.

According to a statement released by the SECP commission has made drastic reduction in registration fee for small companies. SECP provides complimentary certified true copy of company’s formation and other documents return to the company upon its registration.   Further he told that business communities can avail benefits from simple, easier and quick registration process as well as attract foreign investors to invest in Pakistan.

They have also established various facilitation centres at Gilgit, Sialkot and Gawador further business communities can be paid fees through online fund transfer and credit card. Despite we are providing of all aforesaid facilities it can be observed they did not apply directly to the SECP commission for renewal and registration. They contact from third party that’s why cost of doing business increasing in Pakistan.

Opinion: 

SECP and concerned department should standardize and proper their registration process. As well as municipality department should strictly check business license. Especially those who are related from food stuff and restaurants.

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By Talha Pasha

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