ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a banking portal, facilitating the newly-registered companies to open corporate accounts.
The facility available for all banks reduces the time taken to open corporate accounts by a bank, as the legal documents of the companies will be available for banks to access and verify the relevant information of the registered company in real-time, allowing them to open accounts without physically certified copies of documents.
The private limited, public limited, companies and those formed for not-for-profit objects can avail this service.
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