On September 5, 2016, the SECP organized a national level seminar on the draft Companies Bill, 2016, in Karachi. The Federal Finance Minister Mohammad Ishaq Dar chaired it. He appreciated the SECP’s work and congratulated the SECP chairman, Mr. Zafar Hijazi, on initiating and working towards conclusion of a long expected law, which would be beneficial not only for the SECP and the stakeholders, but would also have a positive impact on the economy of Pakistan. The seminar highlighted the salient features of the draft bill. The bill focuses on facilitating the corporate sector and other stakeholders. It strengthens regulatory framework and abolishes unnecessary requirements.