The Securities and Exchange Commission of Pakistan (SECP) signed a memorandum of understanding (MoU) with four Sindh government departments to launch a business registration portal in an attempt to facilitate entrepreneurs in completing all registration formalities online.
Sindh Chief Minister Syed Murad Ali Shah, Labour Minister Murtaza Baloch and senior World Bank economist Amjad Bashir were present on the occasion.
The chief minister thanked the World Bank for helping improve the investment climate in the province. “The partnership between the Sindh government and the World Bank had been re-energised and we are working together in many spheres of the economy to improve the living standards,” he said.
The CM emphasised that remarkable progress had been made in reforming the business climate as well as in the ease of doing business project on which the provincial government was working to improve the country’s global ranking.
The Sindh CM revealed that the process of automation of all procedures for starting a business through the Sindh Business Registration Portal was now at final stages. “Through the portal, the entrepreneurs will be able to complete all registration procedures online, which are required by different departments such as industries, labour, social security, revenue board, NADRA and the SECP,” he added.
The provincial departments that signed the MoU included the Investment Department, Labour Department, Industries and Commerce Department, and Sindh Employees Social Security Institution.