SECP improves Pak ranking on WB business indicator

ISLAMABAD: The Security and Exchange Commission of Pakistan (SECP) has contributed well to improve Pakistan’s ranking in the World Bank’s `Starting a Business’ indicator. The Recently released World Bank Doing Business Report 2010 has revealed a significant improvement in `Starting a Business’ indicator, which inter-alia takes into account the procedure of registration of a company with SECP, said press release issued by the commission yesterday.
The country’s ranking has improved by 17 points from 80th in 2009 to 63rd in 2010, the statement said adding that in South Asia, Pakistan is ranked well ahead of India, which is placed at 169, Bangladesh at 98, Bhutan at 80 and Nepal at 87. According to the report, registration of a company could be completed online through the e-Services project that was launched to improve efficiency and effectiveness of the business processes of SECP with a speedy, transparent and paperless environment, making it easier for the representatives of companies and the business community to interact with and obtain information from SECP.

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