The Securities and Exchange Commission of Pakistan (SECP) has launched a landmark initiative enabling startups and newly registered companies to activate corporate bank accounts instantly through seamless digital integration with partner banks.
In a move to simplify business operations and promote financial inclusion, SECP has signed memorandums of understanding (MoUs) with Mobilink Microfinance Bank, Easypaisa Bank, and Raqmi Islamic Digital Bank, allowing same-day account opening for companies incorporated through SECP’s digital platform.
According to SECP officials, the initiative connects SECP’s eZfile system with participating banks via a secure API-based interface, enabling companies to open bank accounts immediately after incorporation. This eliminates procedural delays and facilitates quicker operational readiness for startups and entrepreneurs.
The agreement follows SECP’s recent introduction of a standardized board resolution format for corporate account openings — a measure designed to ensure uniformity and ease compliance for businesses across Pakistan.
The MoUs were signed by SECP Commissioner Muzaffar Ahmed Mirza, Mobilink Bank President Harith Mahmood Chaudhry, Easypaisa Bank CEO Jahanzaib Khan, and Raqmi Islamic Digital Bank CEO Umair Ayaz. The signing ceremony was also attended by SECP Chairperson Akif Saeed, Commissioner Zeeshan Rahman Khattak, and senior representatives from the partner institutions.
Speaking at the event, SECP Chairperson Akif Saeed highlighted the commission’s ongoing efforts toward digitization and business facilitation. He underscored SECP’s “Paper to Platform” vision, emphasizing that the new integration marks a significant milestone in improving the ease of doing business in Pakistan.
“This initiative reflects our commitment to corporate digitization and financial inclusion,” said Saeed. “It will not only enhance transparency and efficiency but also empower startups to access financial services seamlessly and begin their operations without unnecessary delays.”
The SECP’s partnership with digital banks represents a major step toward transforming the financial landscape by linking company registration and banking systems through a unified, technology-driven framework. The commission plans to expand this integration to more financial institutions in the coming months, further strengthening the startup ecosystem and supporting Pakistan’s move toward a digitally inclusive economy.
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