Pakistan sets record with 4,082 new company registrations in April: SECP

Pakistan recorded its highest-ever monthly company registrations in April, with 4, 082 new firms incorporated during the month, according to the Securities and Exchange Commission of Pakistan (SECP). The latest registrations have pushed the total number of registered companies in the country to 294, 101. A new single-day record was also set on April 30, when 340 companies were registered, the SECP said. It added that investors from 22 countries registered companies in Pakistan, including 95 shareholders from China, whose registered firms account for a combined paid-up capital of Rs193 million. Among the provinces, Punjab led the country with the registration of 2, 093 new companies. Meanwhile, 719 companies were registered in Islamabad, while Sindh and Khyber Pakhtunkhwa recorded 600 and 325 new registrations, respectively. Moreover, 276 companies were registered in Gilgit-Baltistan and 69 in Balochistan. In March, 2, 993 new companies were registered. “The increase in company registration is a positive move towards a documented economy, ” Chairman SECP, Dr Kabir Sadhu, said.

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