LP… the OP was talking about Pakistan, and in Pakistan, a standard BCom or BA is 2 years long - and that’s why it is only equated to first year of undergrad studies by many universities. Also, if someone is going for it privately, it’s really up to him/her to decide when they’re ready for the exams, and hence it’s possible to do it in a year’s timeframe… pretty similar to how someone might finish A-Levels in one year and write exams through the British Council.