KARACHI
\nIn an interactive session with member companies of the Overseas Investors Chamber of Commerce & Industries (OICCI), Security & Exchange Commission of Pakistan\u2019s (SECP) Chairman Akif Saeed stressed on the importance of digitalization.
\nThe SECP chairman made these remarks during his visit to the Chamber to hold a dialogue with OICCI member companies.
\nDuring the session, Mr Akif updated the audience on the recent initiatives of the SECP and said that \u201cwe must embrace technology and focus on digitalization, which will help reduce cost and time.\u201d
\nHe maintained that the Commission is currently working towards overhauling its structure \u2013 internally and externally \u2013 to streamline regulatory procedure.
\nHe also added that earlier this year, the SECP launched a Centralized Gateway Portal to facilitate digital onboarding of investors in different asset classes in the regulated sectors.
\nMr Akif maintained that the Commission\u2019s objective is facilitation and to \u201celiminate the footfall in our office and give the end user a facility to share their ideas\/concerns from their desks.\u201d
\nOn the occasion, the SECP chairman also answered the queries raised by representatives of the OICCI member companies relating to delays in security clearance of foreign directors, which is an impediment for foreign investors.
\nIn addition, he also addressed OICCI members\u2019 concerns on improving the e-services portal, practically amending the definition of related parties, duplicate submissions on SECP and PSX platforms along with update on the new Companies Act.
\nMr Akif recommended holding frequent such sessions with the OICCI members to share ideas and concerns to further improve the existing regulatory process in Pakistan.
\nOn his arrival, he was received by OICCI\u2019s President Amir Paracha, Vice President Rehan Muhammad Shaikh and Secretary-General M Abdul Aleem.
\nWelcoming the chairman, President Amir lauded the SECP for its progressive approach as it has significantly contributed towards continuous improvement and towards the growth and transparency of Pakistan\u2019s financial markets.
\n\u201cThe SECP\u2019s role in ensuring the stability and integrity of our financial systems can not be understated,\u201d he added.
\nMr Amir highlighted that the Commission\u2019s recent initiatives, such as, the MoU with the IT ministry and IGNITE to set up VC fund and women empowerment, are in line with OICCI\u2019s goals.
\nHe said that \u201cthe OICCI is also not only investing but providing thought leadership in these areas.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI In an interactive session with member companies of the Overseas Investors Chamber of Commerce & Industries (OICCI), Security & Exchange Commission of Pakistan\u2019s (SECP) Chairman Akif Saeed stressed on the importance of digitalization. The SECP chairman made these remarks during his visit to the Chamber to hold a dialogue with OICCI member companies. During […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-362100","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n