In October 2024, the Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new firms.
This increases the overall number of registered firms in the country to 233,587, indicating heightened confidence in Pakistan’s corporate sector and its ongoing growth.
The SECP’s continuous digitization initiative has successfully processed 99 percent of new company registrations via its efficient online system.
This signifies a further advancement in the Commission’s initiatives to establish a cohesive, technology-oriented regulatory framework that enhances transparency and facilitates corporate operations in Pakistan, according to a news statement published on Thursday.
Among the new registrations, private limited corporations constituted 57 percent, whereas single-member companies comprised 41 percent. The remaining 2 percent were public unlisted corporations, not-for-profit entities, trade associations, and limited liability partnerships (LLPs).
An examination of sectoral growth indicates robust activity across various industries. The Information Technology and E-commerce industries experienced the most significant growth, with the establishment of 556 new enterprises.
The Services industry added 486 new companies, Trading experienced a gain of 388, while Real Estate Development and Construction registered 270 new organizations.
Additional sectors contributing to this boom comprised Food, Healthcare, and Pharmaceuticals with 270 new companies; Tourism and Transport with 174; and the Energy, Power, and Fuel sector with 221 new registrations. 112 companies demonstrated their presence in many different sectors.
Foreign investment in the business sector exhibited promising growth, with 48 new enterprises attracting funding from international investors. The investors originated from a variety of countries, including Afghanistan, China, France, Germany, Malaysia, Oman, and Turkey.
China was the predominant investor, facilitating the creation of 39 new enterprises, while Afghanistan contributed to the foundation of 4 companies. The residual investments originated from multiple nations, each providing one new enterprise.
The persistent increase in foreign investment emphasizes the escalating worldwide confidence in Pakistan’s market potential and shows the SECP’s role in
