|Integrated Business Registration of Solar Energy Sector|
|Reform Description||Before: Business incorporation and subsequent operationalization involved separate registrations with Solar Energy sector such as registration with PEC and SECP.
After: Now the business registrations Solar Energy sector have been integrated at the Securities and Exchange Commission of Pakistan’s eSerives portal (https://eservices.secp.gov.pk/). The businesses operating in both of Solar Energy sector can avail simultaneous registration with PEC at the SECP’s eServices portal.
|BeneficiariesAutomotive Owners||Solar Energy Sector Businesses|
|Jurisdiction/ Location||Federal (Entire Pakistan)|
|Department||Securities and Exchange Commission of Pakistan (SECP), Pakistan Engineering Council (PEC)|
|Date of Implementation||05-12-2022|
|Details||Difficulty||Business incorporation and subsequent operationalization involved separate registrations with regulators of Solar Energy sector such as registration with PEC 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 Solar Energy sector.|
|Solution||Now at the stage of incorporation and subsequent registration with SECP, the business can avail simultaneous registration with PEC and pay the registration fee online.|
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