SECP registers 1130 companies in December


Securities and Exchange Commission of Pakistan registered one thousand one hundred and thirty new companies during December 2018, representing a growth of forty three percent over corresponding period of financial year.

According to SECP, the number of registered companies has now reached to ninety four thousand two hundred and five (94205).

Foreign investment has been reported in 57 new companies.

These companies have investors from Canada, China, Greece, Hungary, Japan, Kenya, the Netherlands, New Zealand, Norway, the Philippines, Saudi Arabia, South Africa, Sri Lanka, Sweden, Switzerland, Thailand, Tunisia, the UK, the US and Vietnam.

The highest numbers of companies were registered in Islamabad, followed by Lahore and Karachi.

The increase is attributed to the Commission's various reforms measures including introduction of simplified combined process for name reservation and incorporation, reduction of fee, and assistance of incorporation by facilitation wings.

Source: Radio Pakistan