The Securities and Exchange Commission of Pakistan (SECP) has signed a Memorandum of Understanding (MoU) with four Sindh Government departments to launch Sindh Business Registration Portal (SBRP) to facilitate entrepreneurs online.
The MoU was signed between the Investment Department of Government of Sindh, Sindh Labour Department, Industries and Commerce Department and Sindh Employees Social Security Institution (SESSI) and Securities and Exchange Commission of Pakistan (SECP) to provide an inter-departmental administrative framework.
The signing ceremony was attended by Sindh Chief Minister Syed Murad Ali Shah, Sindh Minister for Labour Murtaza Baloch, Sindh Minister for Local Government Saeed Ghani, Chief Minister’s Advisor on Law Murtaza Wahab, Senior Economist World Bank Amjad Bashir, Chairman Planning and Development Mohammad Waseem and others, said a statement on Wednesday.
The SBRP is still in the pipeline and will be launched as a one-stop online regulatory approvals and inspection interface.
Addressing the participants, Chief Minister Sindh Syed Murad Ali Shah spoke about the provincial government’s goal to open Sindh for Business.
He said that Sindh government has implemented more than 15 reforms which are aimed at reducing the procedural burden on businesses.
He was thankful to the World Bank for helping to improve the investment climate in the province.
The Sindh CM revealed that the process to automate the procedures for starting a business through the Sindh Business Registration Portal was now at final stages. “Through the portal, the entrepreneurs will be able to complete all registration procedures online, which are required by different departments such as industries, labor, social security, revenue board, NADRA and the SECP,” he said
Murad disclosed that the Sindh Building Control Authority (SBCA) has exempted businesses from three No-Objection Certificates (NOCs) and reduced the number of procedures in getting permits.