Pakistan, Jan. 29 -- Pakistan's economy currently stands at a critical crossroads. After many years, long-standing traditional barriers are being dismantled, and the foundations of a modern, transparent system are being laid. In the recent past, several bold steps have been taken to align the country's regulatory framework with international standards, and the positive outcomes of these reforms are now becoming visible. As a result, not only has it become easier to start and operate a business in Pakistan, but the country's credibility and standing at the global level have also improved. Much of the credit for these achievements goes to the Securities and Exchange Commission of Pakistan (SECP).

In recognition of its exceptional performan...