ISLAMABAD – In a significant upsurge of corporate activity, the Securities and Exchange Commission of Pakistan (SECP) reported the registration of 2,095 new companies in December 2023, elevating the total corporate entities in the country to a tally of 209,604. The fresh capital inflow from these registrations amounted to a substantial Rs. 2.6 billion.
The landscape of Pakistani corporate structure remains diverse with a majority, approximately 57%, constituting private limited companies, closely followed by 41% single member companies. A smaller fraction, about 2%, encompasses public unlisted companies, various non-profit organizations, partnerships with limited liability, and branches of foreign entities. Reflecting the country’s openness to international business, December witnessed the inception of three foreign companies alongside 99 foreign applicants opting for SECP’s eServices registration platform.
Focusing on industry-specific growth, the real estate development and construction sector and related services surge ahead with 220 new corporations. The trading sector also showcased robust expansion, leading to the incorporation of 288 companies. Not far behind, the ever-evolving information technology industry boasted 286 new registrations.
These developments underscore the dynamic economic environment of Pakistan’s corporate sector and the SECP’s pivotal role in facilitating business operations, reflecting an upbeat momentum in key industries including real estate, technology, and trade, pivotal for the country’s sustained economic growth.
