Pareesa Afreen 
Nov 06, 2025
The Securities and Exchange Commission of Pakistan (SECP) on Wednesday introduced a new digital initiative to make business setup faster and easier.
Startups in Pakistan can now open corporate bank accounts on the same day they register their companies.
This major reform was made possible by cooperation with the SECP and three fully digital banks: Mobilink Microfinance Bank, Easypaisa Bank and Raqami Islamic Digital Bank.
The SECP and the partner banks signed a Memorandum of Understanding (MoU) to enable secure Application Programming Interface (API)-based integrations with SECP's eZfile system.
The SECP continued by saying that the integration would eliminate the need to delay the verification of a document more than once as a result of differences between banking standards.
To simplify matters even more, the regulator of the banking system also provided a standardised format for a board resolution so that all banking institutions will be under the same set of established guidelines.
"Initiatives such as this are the beginning of completely digitising corporate functions in Pakistan," said SECP Chairperson Akif Saeed. "We want new companies to be able to start commercial activity the moment they are registered."
He also mentioned expanding the relationship with digital banks so that SECP-regulated savings and investments could be offered directly through a banking app.
The SECP explained that this is the latest initiative in his or her broader "Paper to Platform" transformation to digitise the company formation process, ensuring transparency and improving trust in Pakistan's business environment.
