ISLAMABAD: A delegation of German Emirati Joint Council for Industry and Commerce (AHK) visited Securities and Exchange Commission of Pakistan (SECP) to understand regulatory framework and explore investment opportunities in Pakistan.

SECP Chairman Aamir Khan gave an overview of SECP’s regulatory framework and recent reforms to improve doing business climate. Delegation comprised of Head of Division on Foreign Trade Policy for South Asia, Germany Tobias Pierlings, Deputy Ambassador Dr. Philipp Deichmann, First Secretary Economic and Political Section Christian Böttcher and other representatives of German Embassy, German Federal Ministry of Economic Affairs, German Foreign Chamber of Commerce and German companies. Khan shed light on rights and benefits offered to all shareholders, foreign and local alike, including minimal capital flow restrictions and investments in PE and VC Funds and Alternative Funds units on repatriable basis.

SECP Registrar of Companies Mubasher Saddozai informed delegation about types of companies in Pakistan and reforms undertaken by SECP to promote corporatisation and facilitate operations of companies in country.  He shared information regarding SECP’s reforms including end-to-end digitalisation of incorporation process, digital CTCs, online bank portal, incorporation guides in various foreign languages and WhatsApp service to timely address any queries. SECP Head of International Relations Department Musarat Jabeen briefed visitors of SECP’s active engagement with international jurisdictions and International Organisation of Securities Commissions members.

Members of delegation were eager to inquire about various processes for improving bilateral commerce and SECP’s role in facilitating foreign companies investing in Pakistan.

Published in The Daily National Courier, October, 21 2022

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