SECP taking initiatives to facilitate start-ups

Published: October 18, 2019
Representational image. PHOTO: REUTERS

Representational image. PHOTO: REUTERS

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is taking various initiatives to create an enabling regulatory framework for facilitating start-ups in Pakistan, said SECP Commissioner for Information System and Technology Shauzab Ali.

Addressing a consultative session aimed at discussing options for a coherent industrial policy for start-ups on Thursday, he said that these measures would attract local and international innovators.

“The SECP will amend the Companies Act with an objective to facilitate start-ups and provide an environment conducive to young innovative entrepreneurs,” he said.

The commissioner briefed participants on various initiatives of the SECP, including amendments in private equity and venture capital regulations and launch of a start-up portal. The SECP officials briefed the participants on proposals to eliminate arduous requirements in the Companies Act that were not viable for start-ups.

Published in The Express Tribune, October 18th, 2019.

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