The Securities and Exchange Commission of Pakistan (SECP) announced a Memorandum of Understanding with Mashreq Bank Pakistan Limited to allow newly registered companies to open corporate bank accounts on the same day through secure digital integration. The arrangement links SECP’s eZfile system with Mashreq Bank’s onboarding platform to support real-time verification of corporate data, aiming to make account opening faster, more transparent, and more secure. The MoU sits under SECP’s “Paper to Platform” transformation initiative and follows earlier collaborations with Mobilink Microfinance Bank, Easypaisa Bank, and Raqami Islamic Digital Bank. It also aligns with SECP’s standardized Board Resolution framework for corporate bank account opening to promote consistent processes across financial institutions.
Securites & Exchange Commission of Pakistan 2025-11-06
Securities and Exchange Commission of Pakistan signs MoU with Mashreq Bank Pakistan to enable same-day corporate bank account opening for newly incorporated companies
The Securities and Exchange Commission of Pakistan (SECP) signed a Memorandum of Understanding with Mashreq Bank Pakistan Limited for same-day corporate bank account openings via digital integration. This connects SECP’s eZfile system with Mashreq Bank’s platform for real-time corporate data verification, enhancing speed, transparency, and security. It is part of SECP’s “Paper to Platform” transformation and aligns with its standardized Board Resolution framework for consistent banking processes.