ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released fresh figures on the rise in business activities in the country, according to which a large number of new companies have been registered. According to the announcement, 82 of the registered companies include foreign investment, which reflects the confidence of investors in Pakistan’s business environment.
The SECP says that the process of company registration has been made easier and more transparent with the use of modern technology. According to the statement issued, 99.9 percent of the registration of companies was done completely online through SECP’s eZfile system, which not only saved time but also provided convenience to business people.
According to the figures, the total paid-up capital of the newly registered companies was Rs 8.4 billion, which reflects the trend of investment in the country’s economy. At the provincial level, Punjab topped with 1,998 registrations, while the federal capital Islamabad ranked second with 747 new companies registered. Other provinces also witnessed significant business activity.
According to the sector-wise analysis, the IT and e-commerce sector was at the forefront, where 729 new companies were registered. According to experts, the growing trend of digital economy and online business has given this sector a significant lead. The increasing number of technology-related startups and e-commerce platforms shows the pace of digital transformation in Pakistan.
Economic analysts say that the increasing registration of companies is not only a sign of investment promotion, but also shows the positive results of improvement in the business environment and reforms. The involvement of foreign investment is being considered as evidence of international interest in the Pakistani market.
A flood of new companies in SECP, 729 registrations in IT sector
Leave a Reply
Must Read
Related News
The Pakistan Observer is your trusted source of unbiased updates on national news, business, and forex rates.