In a significant move to strengthen Pakistan's economic data infrastructure, the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Bureau of Statistics (PBS) have formalized a strategic partnership through a memorandum of understanding.
Historic Agreement Signed at DataFest 2025
The signing ceremony took place during DataFest 2025, an event organized by PBS at the Pak-China Center in Islamabad. This landmark agreement establishes a comprehensive framework for collaboration between Pakistan's key regulatory and statistical institutions.
The MoU focuses on three primary areas of cooperation: information exchange, capacity building, and systematic data sharing. This partnership is designed to create an automated system for exchanging verified, first-hand data that will serve analytical, statistical, and research purposes across both organizations.
Technical Implementation and Data Sharing
Under the newly established framework, both institutions will utilize digital platforms including APIs alongside traditional methods to facilitate seamless data exchange. The agreement specifically enables the sharing of mutually agreed data sets while ensuring all information exchange complies with applicable laws and regulations.
The technical implementation will focus on creating robust systems for data verification and transmission. This approach guarantees that both SECP and PBS receive high-quality, timely information essential for their respective mandates.
Impact on Economic Policy and National Development
This collaboration represents a crucial advancement in evidence-based policy planning and decision-making for Pakistan. By improving the quality and timeliness of data used in national economic assessments, the partnership addresses fundamental challenges in economic governance.
For PBS, the agreement provides access to comprehensive business data that will enhance the accuracy of national accounts and business statistics. Meanwhile, SECP gains valuable statistical insights that will inform regulatory decisions and market oversight.
The MoU underscores both institutions' commitment to enhancing transparency and advancing digital transformation in Pakistan's economic landscape. This partnership marks a significant step toward improved governance and economic intelligence that will benefit policymakers, investors, and the broader Pakistani economy.
All information shared under this agreement will strictly support the execution of both organizations' mandates while maintaining the highest standards of data security and legal compliance.
