ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) recorded a significant surge in the registration of new companies in April 2023. A total of 1,760 new companies were registered, out of which 228 companies were exclusively registered in real estate sector, a news source reported on May 11, 2023.
This brings the total number of registered companies with SECP to 191,924. The total paid-up capital of the companies incorporated in April was Rs 2.9 billion.
Approximately 57 percent of businesses were registered as private limited companies, 41 percent as single-member businesses, and 2 percent companies were registered as limited liability partnerships, not-for-profit organizations, and unlisted public companies (LLP).
The SECP’s online registration platform played a pivotal role in facilitating this growth, with approximately 99.8 percent of businesses opting for the digital registration process. This streamlined approach ensures convenience, efficiency, and accessibility, enabling entrepreneurs to establish their real estate companies with ease.
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With 228 newly incorporated real estate companies, the sector continues to provide employment opportunities, contribute to the country’s GDP, and foster infrastructure development. The real estate sector in Pakistan is a growing market with a bright future. The sector has been growing steadily in recent years, and this trend is expected to continue in the coming years. There are a number of factors that are driving the growth of the real estate sector in Pakistan.
The flourishing real estate sector is a testament to Pakistan’s economic progress, attracting entrepreneurs and investors from various industries. Alongside the real estate industry, other sectors such as information technology, trading, services, and food and beverages also witnessed a considerable number of registrations, indicating a diversification in the country’s business landscape.
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