'SECP recognised as 7th most effective regulator in world'.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has been recognised as the '7th most effective regulator' by the World Economic Forum in its 'Global Competitiveness Report2019'. 'Pakistan was ranked as the 52nd most dynamic economy in the world. The country secured this by improving 15 points from last year, as it stood at 67th in 2018,' said a statement issued by Mishal Pakistan, Country Partner at WEF's Institute of the Future of Economic Progress System Initiative, on Wednesday.

'The progress of Pakistan's competitiveness was due to the achievements made during the last 12 months.' The most effective improvements were made due to the initiative and strategies adopted by the apex regulator for the corporate sector and the capital markets; supervision and regulation of insurance, non-banking financial companies and private pension schemes. The SECP improved Pakistan's competitiveness rankings by improving the 'number of days to start a business'...