Pakistan Sets a Record for New Company Registrations
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 E...