ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and 1Link (Guarantee) Limited (1Link) as part of doing business reforms agenda, on Thursday signed an agreement to develop a facility to enable the users of SECP’s e-Services to pay fees using internet banking or ATMs.
Commissioner SECP Tahir Mahmood and CEO 1Link Najeeb Agrawalla signed the agreement at the SECP’s head office. The banks will add the SECP as a biller in the biller’s module and develop the necessary interface with 1 Link. Once the system gets operational, the users of e-Services will be able to pay the SECP’s fees through internet banking and ATMs.
Speaking on the occasion, Tahir Mehmood said that the SECP has instituted a host of reform measures, which have resulted in a robust corporate growth in the country, leading to formalisation of the business sector and documentation of economy.
The proposed online payment mechanism will facilitate the private sector as well as the SECP in company registration process and post-incorporation filing required under the law, he said adding that it will also lead to further reduction in the number of procedures and time required to start a company.