The Securities and Exchange Commission of Pakistan (SECP) will extend its One Stop Shop (OSS) facility for company registration to Balochistan and KPK. SECP Commissioner Shaukat Hussain, Commissioner (SECP) said this while speaking at the launching ceremony of Government of Balochistan's plan for Transformation of Traditional Businesses into Corporate Bodies.

Shaukat apprised the audience that the SECP's eServices have already been integrated with Federal Board of Revenue (FBR) and the Employees Old Age Benefits Institution (EOBI). SECP's eServces also linked with business registration portals of Punjab and Sindh at the Provincial level. Consequently, he said, SECP eServices has become a One Stop Shop (OSS) for registration of a company with SECP, FBR, EOBI, Punjab/Sindh Employees Social Security Institution (PESSI /SESSI), Excise & Taxation Department and Labour Department of Punjab and Sindh. Shaukat Hussain, while appreciating initiative of Balochistan government, said that a formal economy where registered businesses pay taxes and create jobs to contribute to the overall economic growth is the need of the hour. -PR