Islamabad, Feb 4: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Pakistan Banks’ Association (PBA), has launched a series of capacity-building sessions to ensure the effective implementation of the Electronic Mortgage Register (EMR). These sessions are designed to provide banking professionals with the necessary knowledge and skills to utilize the new EMR portal efficiently.
The second session in this initiative took place at the Islamic Chamber of Commerce in Karachi and was attended by various stakeholders from the banking and financial sectors. SECP officials delivered a comprehensive presentation on the EMR system, showcasing its advanced features aimed at enhancing the overall user experience.
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One of the key highlights of the session was the explanation of the EMR’s role as a centralized database, designed to streamline access to mortgage-related information. The SECP team emphasized how the EMR system would significantly improve transparency and efficiency in mortgage transactions. By providing a unified platform for banks and financial institutions, the EMR aims to reduce administrative burdens and facilitate faster decision-making, ultimately boosting trust within the financial sector.
The session also focused on the broader benefits of the EMR, which include increased reliability, better data management, and greater ease in conducting mortgage-related operations. SECP officials pointed out that the introduction of the EMR is part of their ongoing efforts to modernize and digitize the financial sector, ensuring a more transparent and efficient regulatory environment.
Participants at the session praised SECP’s efforts to introduce innovative tools that will help modernize corporate processes in Pakistan. The initiative was well-received by the attendees, who expressed their confidence that the EMR would bring about significant improvements in operational efficiency and decision-making capabilities within the banking and financial sectors.
The SECP continues to prioritize digital transformation and regulatory improvements, with a clear commitment to enhancing the ease of doing business in Pakistan and facilitating greater confidence in the country’s financial markets.
