Reforms introduced by the Securities and Exchange Commission of Pakistan (SECP) to facilitate business and digitization have resulted in continued growth of entrepreneurship in the country.
In the first three quarters of fiscal year 2020-2021, the SECP registered 19,251 companies, representing an annual growth of 39% over the same period last year. The Securities and Exchange Commission registered 14,493 companies in fiscal year 2018-2019 and 16,945 companies in fiscal year 2019-2020. The total number of companies registered with the SECP is currently 139,620 companies. Of the total number of registered companies, around 85% or 118 280 are active.
In March 2021, despite the challenges posed by Covid-19, the SECP recorded a 72% increase in new business registrations with 2,513 new business registrations compared to the same month last year. This is the highest number of companies registered in a month. Approximately 99% of companies registered online and 25% of job applicants completed the combined process on the same day. This month, there were 260 foreign users registered from abroad.
Approximately 65% of the companies were registered as private limited liability companies, while around 31% were registered as sole proprietorships and the remaining 5% were public unlisted companies, non-profit associations, commercial organizations, foreign companies and limited liability. associations. The construction and real estate sector occupied the leading positions: 414 transactions – 393, IT – 311, services – 247, food and beverages – 110.
Foreign investments were registered in 43 new companies. These companies have foreign investors from Afghanistan, Australia, China, Germany, Hungary, Iran, South Korea, Mauritius, Norway, the Philippines, South Africa, Spain, Sweden, Thailand, Turkey, the United Arab Emirates, Great Britain and other countries. USA.
The largest number of companies, i.e. 850 companies were registered in Islamabad, followed by 751 and 385 companies registered in Lahore and Karachi, respectively. Companies registered in Peshawar, Multan, Faisalabad, Gilgit-Baltistan, Quetta were 176, 170, 104, 43, 22 and 12 respectively.
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