ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday asked the women entrepreneurs to register their businesses as companies to ensure permanence, credibility, longevity and stature.
Speaking at a workshop organized by Islamabad Women Chamber of Commerce and Industry (IWCCI), SECP Executive Director Nazir Ahmed Shaheen, Joint Registrar Anas Noman, Muhammad Akram Qureshi and Muhammad Qasim said that a company is the most enduring legal corporate structure having unlimited life.
They were of the view that registration of businesses will help promotion and documentation of economy, and contribute towards national development.
In addition, capital can be easily raised by a company by selling shares and acquiring loans, they said adding that companies have better access to local, regional and global markets.
Women should not loose opportunities to redefine their future as larger organizations prefer to deal with companies rather than non-corporate entities.
SECP representatives said that female contribution to economy is great while many have left footprints wherever they have gone.
Lauding the role of SECP, founder President, IWCCI Samina Fazil suggested that all the discrepancies should be removed to bring cost of doing business closer to the regional countries.
"We are ready to play our role in increasing the tax revenues which will create employment opportunities, improve services and boost economy," she added.
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