ICCI, SECP host awareness session on ‘ezifile’ Portal to simplify company registration

Islamabad:: The Securities and Exchange Commission of Pakistan (SECP) organized an awareness session at the Islamabad Chamber of Commerce and Industry (ICCI) on ezifiling and the Companies Regulations 2024.

This session aimed to inform the business community about the newly introduced filing system and regulations, which provide a unified regulatory framework for company registration and post-incorporation compliance.

The session was well-attended by ICCI executive members and other business professionals seeking guidance on company incorporation and post-incorporation compliances and easy compliance with the updated regulations, said a press release issued here Thursday.

In his welcome address, the acting President of ICCI, Abdul Rehman Siddiqui, commended the SECP for taking proactive steps to modernize and simplify business operations.

He highlighted the importance of the SECP's initiatives in promoting incorporation and introducing e-filing systems, which have streamlined processes and enhanced ease of business.

He brought Pakistan's practices in line with international standards.

The acting President expressed confidence that the session would benefit the business community and facilitate smoother business operations.

He further suggested that the SECP consider setting up a dedicated desk at the ICCI, similar to other service desks like NADRA, IESCO, Police, FTO, and TDAP, for greater convenience and support for businesses.

Saeedullah Khan, the Registrar at SECP, said that the session underscores SECP's commitment to making business operations more efficient and transparent while providing the tools necessary for businesses to comply effectively with the new regulations.

He noted that the SECP had reviewed existing regulations, reduced the number of forms required for filing from 75 to 28, and eliminated redundancy, ensuring greater clarity.

He highlighted that the drive towards corporatization and e-filing is key to fostering a transparent and efficient business environment.

He also stressed that these reforms are crucial for promoting sustainable economic growth, improving governance, and making Pakistan more competitive globally.

Khan explained that the core aim of these initiatives is to minimize human intervention and formalize the informal economy.

Amir Saleem, Additional Registrar Licensing and Registration Division at SECP provided an in-depth presentation on the SECP's digitization initiative titled LEAP (Leading Efficiency through Automation Prowess).

He explained that LEAP aims to enhance organizational efficiency, improve business efficiency, and increase transparency by fully digitizing the registration process.

The new interface, named file, is designed to simplify the navigation through the registration process, improve accessibility to information, and streamline the submission of returns and documents.

Saleem noted that ezi-file would also feature communication tools, such as alerts, notifications, and announcements, informing users about corporate registry matters.

Special Advisor to the ICCI President, Naeem Siddiqui, moderated the session and raised important challenges, such as limited digital literacy, restricted access to technology, and concerns about regulatory scrutiny.

He suggested that SECP conduct more sessions to educate businesses and address these concerns.

National team’s top brass reflects on Pakistan’s challenges, triumphs, strategic evolution

Islamabad:: Pakistan red-ball captain Shan Masood, white-ball captain Mohammad Rizwan and head coach Aqib Javed on Thursday reflected on Pakistan cricket's journey, challenges, strategic evolution and aspirations for future success across formats.

In an insightful podcast released by the Pakistan Cricket Board (PCB), the trio provided a comprehensive overview of the team's performance in a demanding year and their plans for future success across formats.

Test team captain Shan Masood emphasized the team's growth in adapting to diverse conditions and the importance of staying true to Test cricket's fundamentals.

"I think, firstly, we were all looking for a way to play cricket at home. Finally, we found surfaces that suited our spinners, and the way the two spinners came in was pivotal. We were fortunate to have two spinners who had previously played for Pakistan, and the way they stepped up and took responsibility was outstanding.

'As we always say, to win Test matches, you need to take 20 wickets and back it up with a good first-innings score. Because we were able to do that in the final two Test matches against England, we reaped the rewards,' Masood said while referring to Pakistan's 2-1 series win against England in October 2024 wherein spin duo of Sajid and Noman showcased standout performance, taking 39 wickets across pivotal series.

'If you look at Bangladesh, Australia, or the last Test match at Centurion, we have competed very well overall. However, as a side, we need to focus on doing the basics and fundamentals of Test cricket more consistently. That means consistently taking 20 wickets and ensuring our batsmen back it up with runs."

"The development has been very encouraging because we have not just performed in one type of condition. We have competed well, whether playing in Australia or during a tough home series. This home series was unique, as we played during August to October, a time when we have typically played in the winter months. That challenge, both physically and mentally, coming back after setbacks against Bangladesh and winning against England, showcased the team's character.

Masood highlighted the team's ability to compete in various conditions, from spinning tracks at home to pace-friendly wickets like Centurion where Pakistan lost the first Test while playing valiantly.

However, Masood stressed the need for consistency and ruthlessness. 'We need to capitalize on winning positions, ensuring we finish games effectively. Mental and physical discipline is crucial to closing out matches,' he said.

With the West Indies series and the next World Test Championship on the horizon, Masood underscored the importance of maintaining momentum and transitioning from learning to execution.

At Centurion, we played well but, unfortunately, could not achieve the result we wanted. It is heartening to see a team capable of adapting to various conditions whether it is spinning tracks or pacey wickets like Centurion and against any opposition. We have seen many new players step up. Saim, for instance, is quite young. Kamran has come in, Saud and Agha are showing maturity. Alongside them, we have experienced players like Rizwan and Babar."

"The team looks strong, and now it is about moving forward and ensuring we are ruthless when we are in winning positions."

"I believe the key takeaway is the importance of being ruthless. There were instances where we were in match-winning positions against top teams, like South Africa and Australia, but we couldn't finish the job. To compete at the highest level, we need to ensure that once we are in a winning position, we follow through until the end whether it is taking the final wicket or scoring the final run.

This requires mental and physical discipline to stay sharp and focused throughout. The time for learning has to transition into action. We need to capitalize on opportunities and close out matches effectively to truly compete with the best sides in the world."

At Centurion, we played well but, unfortunately, could not achieve the result we wanted. It is heartening to see a team capable of adapting to various conditions whether it is spinning tracks or pacey wickets like Centurion and against any opposition. We have seen many new players step up. Saim, for instance, is quite young. Kamran has come in, Saud and Agha are showing maturity. Alongside them, we have experienced players like Rizwan and Babar."

Head coach Aqib Javed offered insights into the team's strategic approach, emphasizing adaptability and leveraging home conditions. 'Around the world, teams use their home advantage effectively. We have adopted the same approach, leading to positive results,' Javed explained.

He highlighted the principle of 'horses for courses,' where players are selected based on their suitability for specific conditions. 'Strategic selections like recalling Mohammad Abbas after three years and bringing in Sajid Khan have paid off,' Aqib noted.

He also emphasized the importance of managing player workloads amid a packed international calendar. 'It's impossible to rely on the same players for 12 months straight. Differentiating between red-ball and white-ball teams allows players to rejuvenate and sustain top performance levels,' he said.

He said creating a supportive team environment was another priority. "The environment is everything. Each player should feel comfortable expressing their thoughts and sharing ideas. Communication can be soft, but work ethics must be strong.

This is not about a month or two-it is a long journey. Players spend more time with each other than with their families. Therefore, the environment must be encouraging and comfortable, where everyone can live and perform to the best of their abilities. Creating such an environment is crucial for team unity and success."

Looking ahead, Javed identified the upcoming series against the West Indies and South Africa as critical tests, with the Champions Trophy serving as a major milestone. 'As defending champions, performing well in our home conditions will be a statement,' he said.

Wicketkeeper-batsman and ODI and T20 captain Mohammad Rizwan praised the team's resilience during a challenging phase, highlighting how young players stepped up to deliver under pressure. 'The team has come out of a difficult period with courage and determination,' Rizwan said.

He emphasized empowering players and fostering unity. 'Each player understands their role. My focus as a leader is to ensure everyone puts in their best effort and we continue to play as a cohesive unit,' he said.

He credited the team's recent white-ball successes to collective effort and exceptional performances across all departments, from fast bowling to finishing with the bat. "If you look at white-ball cricket, our recent series showed how collective effort leads to results.

It has been heartening to see milestones achieved, but the team's collective performance has been the real highlight. In every department-whether it's fast bowling, spin, our openers, or the finishers-this team has shown excellent cohesion. The last series particularly showcased the team's ability to gel and rise to the occasion."

Rizwan also expressed confidence in addressing past mistakes and delivering strong performances in upcoming events like the Champions Trophy. "Whether in examinations or challenges, success and failures are part of the journey. We have analyzed our past mistakes, and we are working hard to ensure we do not repeat them.

Moving forward, the upcoming events are our target, and we are fully committed to giving our best. By addressing our shortcomings and learning from past failures, we are confident that we can perform well in the Champions Trophy and deliver for our fans, Insha'Allah," he concluded.

Muqam condemns use of force against peaceful LG representatives in KP

Peshawar: Federal Minister Kashmir affairs and Gilgit Baltistan, States and frontier regions Ameer Muqam on Thursday decried the acts of violence perpetrated against local government representatives on the orders of Khyber Paktunkhwa government on the very first day of the new year.

Talking to media here at Peshawar Press Club, Muqam condemned the use of tear gas against protesters here and said that there must not be double standards.

"The brutal use of force on LG representatives had exposed the real face of PTI leadership."

He lamented the suffering of local representatives in the province.

Muqam further accused certain quarters in the provincial setup of misappropriating NFC funds, calling for accountability and transparency in their utilization.

Referring to the ongoing political discourse in the country, the minister deplored that when the federal government was trying to hold negotiations and discussions, certain political elements were involved in threats and propagandas.

He recalled that when the current Prime Minister was in opposition, efforts were made to initiate dialogue on a charter for peace and economic development in the country. However, the PTI government of the time, he claimed, squandered these opportunities and brought only losses to the nation through prolonged protests.

Muqam criticized the PTI's governance, alleging neglect of critical developmental projects during their tenure.

"Projects like Dassu and Bhasha dams were now receiving billions in funding after being sidelined by the previous government," he stated, highlighting his government's commitment to sustainable progress.

Regarding the deteriorating law and order situation, Muqam called it a national crisis, stressing the importance of provincial cooperation for effective countermeasures.

He lauded the sacrifices of police and military personnel in the face of rising violence and lamented the provincial government's failure to act decisively.

Later, the federal minister vowed to continue his pursuit of justice and development, urging all political actors to prioritize the nation's welfare over personal gains.

AIOU inks MoU with Rural Development Foundation

Islamabad:: A signing ceremony for the Memorandum of Understanding (MoU) between Allama Iqbal Open University (AIOU) and the Rural Development Foundation (RDF) was held here yesterday.

Vice-Chancellor of Allama Iqbal Open University, Prof. Dr. Nasir Mahmood and the President, Rural Development Foundation, Brigadier (R) Muhammad Aslam Khan, signed the MoU.

The event was presided over by Prof. Dr. Nasir Mahmood.

In his address, he emphasized that in this era of information technology, acquiring skills alongside education held great importance.

"This partnership will greatly benefit students from the Department of Computer Science and the Department of Agriculture at Allama Iqbal Open University. They will gain opportunities to work and learn in areas such as artificial intelligence and modern sustainable agricultural practices," he added.

Brigadier (R) Muhammad Aslam Khan, the President of the Rural Development Foundation, shared his views, stated that rural development was their top priority to empower individuals.

He further mentioned that their organization had been serving various regions of Pakistan since 1978 in areas including education, healthcare, and agriculture.

The ceremony was attended by the Dean, Faculty of Social Sciences and humanities, AIOU, Prof. Dr. Abdul Aziz Sahir, Dean, Faculty of Arabic and Islamic Studies, AIOU, Prof. Dr. Mohyuddin Hashmi, former Vice-Chancellor of Virtual University, Dr. Muhammad Nawaz, faculty members, officers, and students.

10-marla state land retrieved

Faisalabad: Faisalabad Development Authority (FDA) has retrieved 10-marla state land by demolishing illegal structures of the land grabbers.

Director General FDA Muhammad Asif Chaudhry in a statement said here on Thursday that 'Qabza Mafia' had occupied 10-marla precious state land situated at Jhang Road near Gulfishan Chowk and erected a structure on it.

However, the FDA enforcement team with the help of heavy machinery demolished illegal structures of the land grabbers and retrieved 10-marla land which had market value of millions of rupees.

Meanwhile, the FDA also removed illegal structure from state land situated at Sheikhupura Road near Katchi Abadi Mannanwala after cancellation of stay order by the court of law.

DG National CERT holds session on Cyber-security,data protection

Multan: Director General National Cyber Emergency Response Team (CERT) Dr Haider Abbas held a session on cyber security and data protection for senior Federal Board of Revenue (FBR) officials at the Regional Head Office, Multan.

The session aimed to strengthen FBR's defense against cyber threats and improve its data security systems.

During the interactive session, Dr. Abbas discussed ways to protect taxpayer data, fight cyber attacks, and follow the best cyber security practices in Pakistan. He stressed the need for strong data protection systems and explained how to tackle risks like ransom ware and phishing.

"Protecting sensitive data is not just important for daily work but is a national duty. Since FBR manages critical financial information, it must adopt advanced cyber security measures and promote a culture of awareness and readiness," said Dr. Haider Abbas.

He also suggested steps to improve FBR's cyber security systems, including building staff skills and managing risks proactively.

FBR officials thanked National CERT for its guidance and praised Dr. Abbas for his advice.