ISLAMABAD: In a move aimed at easing business operations and strengthening regulatory compliance, the Securities and Exchange Commission of Pakistan (SECP) has partnered with Mobilink Microfinance Bank Limited (Mobilink Bank) to streamline the opening of corporate bank accounts for registered companies.
The partnership was formalized through a Memorandum of Understanding (MoU) signed by SECP Commissioner Muzzafar Ahmed Mirza and Mobilink Bank President Haaris Mahmood Chaudhary, in the presence of SECP Chairperson Akif Saeed and senior officials from both organizations.
Under the agreement, the initiative will be rolled out in two phases. In the first phase, Mobilink Bank will access verified lists of SECP-registered companies — against a prescribed fee — and use SECP’s Financial Institutions (FI) Portal for company verifications during account opening. The second phase will introduce secure digital integration via API connectivity, enabling real-time data exchange between the regulator and the bank to accelerate and simplify the process.
To further strengthen oversight, Mobilink Bank will also verify registered office addresses of companies before account activation and share status updates with SECP. Officials say this will not only improve accuracy in corporate records but also enhance transparency in governance and monitoring.
Speaking at the signing ceremony, SECP Chairperson Akif Saeed said the collaboration reflects the regulator’s drive toward digitization and corporate facilitation. “Our partnership with Mobilink Bank is part of SECP’s broader agenda to reduce procedural hurdles, enhance transparency, and make Pakistan a more business-friendly destination,” he said.
Mobilink Bank’s President and CEO, Haaris Mahmood Chaudhary, noted that the initiative aligns with the bank’s mission to empower small and medium enterprises through digital banking. “By leveraging technology, we aim to make corporate banking faster, more reliable, and more inclusive, supporting Pakistan’s journey towards a digitally enabled economy,” he added.
Chief Business Officer Mobilink Bank, Atta ur Rehman, highlighted the role of the initiative in financial inclusion and documentation of the economy, particularly for MSMEs and SMEs.
The collaboration is being seen as a step toward not only easing business in Pakistan but also fostering a digitally integrated corporate ecosystem where regulators and financial institutions work hand in hand to strengthen compliance, governance, and business growth.
