The Securities and Exchange Commission of Pakistan (SECP) has urged the country’s business community to formalize their operations through corporatization, saying the move would improve governance, enhance transparency, and create greater opportunities for investment and long-term growth.
Speaking at the Sialkot Chamber of Commerce and Industry on Monday, SECP Commissioner Muzzafar Ahmed Mirza said the regulator is simplifying incorporation procedures, reducing compliance requirements, and expanding digital services to make it easier for businesses to register and operate as corporate entities.
Mirza said corporatization offers several advantages, including stronger governance, improved business credibility, and easier access to formal financing and investment.
He added that the framework is particularly beneficial for family-owned businesses looking to expand and attract new sources of capital.
SECP Commissioner Muhammad Ali Farid Khwaja highlighted the need to promote an investment culture in Pakistan and encouraged businesses and young people to participate in the capital market through informed investment decisions. He said greater participation by domestic investors would strengthen financial markets, support wealth creation, and contribute to the country’s economic development.
The commissioners reaffirmed the SECP’s commitment to building a transparent and digitally enabled corporate sector while encouraging wider participation by businesses and investors to support Pakistan’s long term economic growth.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.