ISLAMABAD: More than 10,000 new companies have been registered in Pakistan from February to April this year.
The Securities and Exchange Commission of Pakistan (SECP) has released the registration data, revealing that during this period, a total of 10,511 new companies were registered, compared to 8,693 companies registered in the same timeframe last year.
According to the announcement, 4,082 companies were registered in April alone. Investors from over 22 countries also registered companies in Pakistan, leading to a remarkable 218% increase in total foreign investment.
The SECP further stated that the total paid-up capital by foreign investors reached PKR 88.20 million, up from PKR 27.70 million last year.
The report highlighted that companies operating in sectors such as trade, services, information technology, construction, and minerals have been registered. There has also been a 61% rise in compliance with regulatory requirements.
In addition, during the past three months, 61,960 companies filed their annual returns, compared to 38,326 companies that submitted returns in the same period last year.
The SECP announced that the digitization of shares for non-listed companies has commenced, which will help resolve shareholding disputes through electronic shares. Additionally, facilitation centers will be established in Islamabad, Karachi, Lahore, Sialkot, and Faisalabad.
The Commission also stated that the company registration system will be further automated, and artificial intelligence will be used for reservation of company names.
