ISLAMABAD: The Board of Investment (BOI) has signed a series of Memorandums of Understanding (MoUs) with federal and provincial regulators to integrate their services with the Securities and Exchange Commission of Pakistan’s (SECP) eService Portal, marking a major step in the country’s digital transformation drive.
Agencies onboarded include NEPRA, PEMRA, SNGPL, DRAP, IESCO, PITC, and the Punjab Revenue Authority (PRA). The initiative is part of the Pakistan Business Portal, a World Bank–funded single window digital platform designed to streamline regulatory processes for investors.
Federal Minister for Investment Qaiser Ahmed Sheikh described the effort as a “landmark step” toward improving transparency, eliminating duplication, and creating a more business-friendly environment to attract investment. BOI officials said 16 agencies had been identified for integration, with more to follow in later phases.
Key participants highlighted sector-specific benefits: DRAP reported faster medical device approvals, SNGPL noted efficiency gains for its 7 million consumers, IESCO cited improved facilitation for industrial users, and PRA pledged stronger digital taxpayer services. SECP confirmed that 99.9% of company registrations are now online, with AI-driven reforms under development.
The initiative falls under the Pakistan Regulatory Modernization Initiative (PRMI), aimed at digitizing frameworks, boosting investor confidence, and modernizing governance. Stakeholders welcomed the integration as a critical move toward eliminating manual processes and fostering efficiency across Pakistan’s regulatory landscape.
