With the collaboration of the SIFC, the Securities and Exchange Commission of Pakistan has registered 2,617 new companies this year, marking a 6% increase compared to 2023.
As a result, the total number of registered companies has reached 231,111.
A large number of registered companies contribute to government revenue, which can be utilized for public services, infrastructure development, health, education, and development programs.
Among the new companies, 55% are private limited, 41% are single-member, and the remaining 4% include public unlisted companies, non-profit organizations, trade associations, and limited liability partnerships.
A significant development is that 99.8% of the companies were registered online, demonstrating the commitment of Pakistan’s Securities and Exchange Commission to digitalization.
Additionally, there has been an increase of 377 companies in the trade sector and 306 in services, along with 237 in real estate, 125 in tourism and e-commerce, and 112 in food and beverages.
The education sector saw the addition of 101 new companies, while 49 new companies were registered in healthcare and textiles, which are vital pillars of Pakistan’s economy.
Foreign investment attracted 61 new companies, with China being the largest partner, contributing 43 companies.
These new companies will play a crucial role in increasing local production by manufacturing products locally, which will help reduce imports and mitigate the trade deficit.
The performance of the SIFC has significantly contributed to promoting business opportunities and improving the investment climate in Pakistan, resulting in a notable increase in new company registrations.
Editor: Kamran Raja