ISLAMABAD: Institutional Reforms Adviser Dr Ishrat Husain on Thursday stressed upon the complete automation of the Securities and Exchange Commission of Pakistan (SECP), including internal and external processes to attain a paperless environment by December 2021.

During a visit to the SECP headquarters, the adviser held meetings with the chairman and commissioners regarding ongoing policy reforms. He was briefed in detail on digital transformation roadmap and organisational development initiatives being undertaken by the regulator.

Husain emphasised on the need to carry on with the collaborative and consultative approach involving all stakeholders, and expressed optimism for more listings, particularly through issuance of corporate debt securities by large players. He also asked to build on the successful listings and invite companies being established in special economic zones under China Pakistan Economic Corridor to meet funding needs through capital market.

The adviser stressed that government’s focus is on strengthening institutions responsible for economic governance and that SECP is a vital part of it.

Husain continued that the combination of quality human resource and cutting-edge technology are critical to the success of all regulatory institutions, stating further that SECP should view itself as a broad-based regulator covering a large spectrum primarily hinged on capital markets.

Published in Dawn, September 11th, 2020