Reforms to improve B READY ranking

The Securities and Exchange Commission of Pakistan (SECP) has approved regulatory reforms aimed at improving Pakistan's performance under the World Bank Group's Business Ready (B READY) assessment, a statement said on Monday.

Pakistan ranked 17th among 101 economies with a score of 86.64 in the Business Entry category of the B READY 2025 Report. The reforms are designed to close the remaining gaps and bring the country's business framework closer to leading international practices.

Under the reforms, automated sharing of updated company information with the Federal Board of Revenue (FBR) through APIs will be expanded, in coordination with the Board of Investment, to streamline compliance and reduce duplication for businesses.

The commission also approved measures to make information on environmental approvals and operating permits accessible through SECP's website.