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16 banks registered with SECP’s portal

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ISLAMABAD, Pakistan: In pursuit of its agenda to promote ease of doing business and digitalization, the Securities and Exchange Commission of Pakistan (SECP), in coordination with the State Bank of Pakistan (SBP), had launched an exclusive digital portal last month, enabling banks to open corporate accounts without seeking physically certified copies of statutory documents.

Since its launch, 16 banks have registered with the portal, to gain real-time access to statutory records including Standard Chartered, Askari Bank, Bank Alfalah, Bank Al-Habib, Industrial & Commercial Bank of China, Sindh Bank, Soneri Bank, Summit Bank, and Bank of Punjab.

Other banks connected to the portal include Finca Microfinance Bank, Khushhali Microfinance Bank, NRSP Microfinance Bank, Pair Investment Company, Pakistan Mortgage Refinance Company, SME Bank Ltd, and Telenor Microfinance Bank.

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