Simplify Companies and LLP Acts to ease compliance burden
Reform ID		F548
Description		The LLP and Companies regulatory framework is proposed to be simplified by introducing threshold-based exemptions and proportionate compliance requirements, particularly for small and low-risk LLPs. Under the revised approach, micro and startup LLPs may be allowed simplified financial reporting instead of mandatory full audits, reducing compliance costs and administrative burden. This is expected to make the LLP structure more attractive than informal partnerships, encouraging greater formalization and migration toward the national registry. In the medium to long term, these reforms are likely to expand the LLP base, improve regulatory coverage, enhance transparency, and strengthen access to finance for small businesses, thereby significantly improving Pakistan’s ease of doing business environment.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector		All Sectors
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		20%
CCORR Direction
Cost Savings PKR (Mil.)
Evidence