Over 2000 companies registered in Pakistan in a single month.
In a recent announcement, the Securities and Exchange Commission of Pakistan (SECP) disclosed the registration of 2,095 new companies in December 2023.
The total number of registered companies in Pakistan has now reached an impressive 209,604, according to the commission’s press release.
The newly incorporated companies collectively have a capitalization of Rs2.6 billion, indicating a vibrant economic landscape.
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Breaking down the company structure, around 57% are private limited, 41% are single-member companies, and the remaining 2% encompass diverse entities such as public unlisted companies, not-for-profit associations, limited liability partnerships, and foreign companies.
Notably, three foreign companies have recently initiated operations in Pakistan, with 99 foreign applicants registering through the efficient eServices platform.
Examining the sectors fueling the rise in company registrations, the trading sector leads with the formation of 288 companies, closely trailed by information technology with 286 and services with 238.
Real estate development, construction, education, and tourism also significantly contribute to diversifying the business landscape.
Foreign investment plays a vital role in this growth, with 62 new companies reporting investments from various countries, including Afghanistan, Australia, China, Denmark, El Salvador, Germany, Italy, Jordan, Mozambique, Nigeria, Oman, Russia, Saudi Arabia, Tanzania, Turkey, the UAE, the UK, and the US.
China is the primary contributor to foreign investments, followed by Afghanistan, the US, Nigeria, Denmark, Germany, Mozambique, Saudi Arabia, and the UAE.
The seamless integration of SECP with key government departments and provincial entities, along with 2,036 companies registering for NTN, demonstrates a positive trajectory for Pakistan’s evolving business landscape, marked by substantial new registrations and foreign investments.
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