The Securities and Exchange Commission of Pakistan (SECP) has forwarded proposed amendments to the Companies Act 2017 to the Finance Division for further review.
The proposed changes also include the Board of Investment’s (BoI) Ultra-Fast Track Package along with other regulatory reforms aimed at improving the business environment.
The reforms focus on ease of doing business, digitalization, and promoting investment in the country.
SECP Chairman Dr. Kabir Ahmed Sidhu briefed BoI officials on the ongoing reform initiatives and progress made so far.
Both SECP and BoI reviewed measures to further strengthen Pakistan’s investment climate, including regulatory reforms related to venture capital, private equity funds, and limited liability partnerships (LLPs).
Progress under the World Bank’s Business Ready Framework was also assessed, which includes 14 priority reforms. The SECP chairman stated that most of these reforms have already been implemented, while the remaining are expected to be completed by 1 September 2026 and will be reflected in the upcoming World Bank review.
The discussions also included proposals to introduce a harmonized and standardized definition of startups to improve regulatory clarity.
Both institutions reaffirmed their commitment to building a more transparent, investor-friendly ecosystem by removing barriers to business formation and simplifying investment procedures.
