|Integrated Business Registration of SECP and STZA|
|Reform Description||Before: Business incorporation and subsequent operationalization involved separate registrations with regulators of Information Technology and SECP.
After: Now the business registrations of Information Technology sector have been integrated at the Securities and Exchange Commission of Pakistan’s eSerives portal (https://eservices.secp.gov.pk/). The businesses now can avail simultaneous registration STZA at the SECP’s eServices portal.
|Sector||IT & ITeS sector|
|BeneficiariesAutomotive Owners||IT & ITeS sector Businesses|
|Jurisdiction/ Location||Federal (Entire Pakistan)|
|Department||Securities and Exchange Commission of Pakistan (SECP), Special Technology Zones Authority (STZA)|
|Date of Implementation||05-12-2022|
|Details||Difficulty||Business incorporation and subsequent operationalization involved separate registrations with regulators of Information Technology sector such as registration with PSEB, STZA, and also with SECP. The registrations with these department involved multiple fee payments and repetition of information.|
|Analysis||It was felt that the business integration at the SECP’s eServices portal can help in streamlining the business registration with key regulators of Information Technology sector.|
|Solution||Now at the stage of incorporation and subsequent registration with SECP, the business can avail simultaneous registration with STZA and pay the registration fee online.|
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