A delegation of the German Emirati Joint Council for Industry and Commerce visited the Securities and Exchange Commission of Pakistan (SECP) to understand the regulatory framework and explore investment opportunities in Pakistan.

SECP Chairman Aamir Khan welcomed the delegation and gave an overview of SECP’s regulatory framework and recent reforms to improve the business climate, a press release received by WealthPK said.

Aamir Khan also shed light on the rights and benefits offered to all shareholders, foreign and local alike, including minimal capital flow restrictions, investments in private equity and venture capital funds, and alternative funds units on a repatriable basis.

SECP Registrar of Companies Mubasher Saddozai informed the delegation about the types of companies in Pakistan. He also apprised about the reforms undertaken by the SECP to promote corporatisation and facilitate the operations of companies in the country.

He shared information regarding SECP's reforms including end-to-end digitalization of the incorporation process, digital certified true copies, online bank portal, incorporation guides in various foreign languages, and WhatsApp service to promptly address any query.

SECP Head of International Relations Department Musarat Jabeen was also part of the meeting and briefed the visitors on the commission's active engagement with international jurisdictions and International Organization of Securities Commissions (IOSCO) members.

Members of the delegation were eager to inquire about processes for improving bilateral commerce and the SECP’s role in facilitating foreign companies’ investment in Pakistan.

The SECP officials answered the queries of the delegation regarding the capital markets, insurance and non-banking financial sector.

The delegation consisted of Head of Division on Foreign Trade Policy for South Asia, Germany, Tobias Pierlings; Deputy Ambassador Dr Philipp Deichmann; First Secretary of Economic and Political Section Christian Böttcher; and other representatives of German Embassy, German Federal Ministry of Economic Affairs, German Foreign Chamber of Commerce, and German companies.

 Credit : Independent News Pakistan-WealthPk