Karachi, United Brands (UBDL) saw no change in its stock price, remaining at PKR 13.65 from opening to closing. The stock experienced a slight drop to PKR 13.25 during the day but ended with a closing price of PKR 12.65. With a trading volume of 2,500 shares, the day concluded with little excitement for United Brands on the Pakistan Stock Exchange.

Islamabad, The Securities and Exchange Commission of Pakistan (SECP) announced the soft launch of its new corporate registry portal, eZfile, aimed at enhancing the company and LLP registration and post-incorporation filing processes. This modern online system is set to replace the existing 'eServices' platform, offering more advanced and user-friendly features.

The eZfile portal has been introduced alongside instructional guides and tutorial videos to assist users, available on SECP's website and social media channels. The initiative is part of SECP's broader efforts to promote corporatization and streamline regulatory procedures.

In line with these objectives, SECP has also revised the existing regulatory framework, consolidating multiple forms and reducing their number from 75 to 27. This significant reduction is encapsulated in the newly issued "Companies Regulations 2024," covering a range of corporate activities including company incorporation, post-incorporation compliance, issuance of licenses, share issues, group registration, and company exit strategies among others. The regulations aim to simplify procedures and enhance compliance, with standard forms and application samples provided for users' convenience.

To ensure widespread understanding and implementation of these changes, SECP is planning a series of nationwide awareness sessions. These will be held both in-person and via Zoom to accommodate a larger audience. The Executive Director of the Licensing and Registration Department has been designated as the focal person for these initiatives, underscoring SECP's commitment to facilitating stakeholders across the board.