The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024. This brings the total number of companies registered in the country to 233,587, reflecting growing confidence in Pakistan’s corporate sector and its continued expansion.
The SECP’s ongoing drive towards digitization continued to be a success with 99 percent of the new company registrations processed through its efficient online system. This marks another step in the Commission’s efforts to provide a seamless, tech-driven regulatory environment that promotes transparency and supports ease of doing business in Pakistan, said a press release issued here on Thursday.
Of the total new registrations, the majority were private limited companies, which accounted for 57 percent of the total, while single-member companies represented 41 percent. The remaining 2 percent included public unlisted companies, not-for-profit organizations, trade organizations, and limited liability partnerships (LLPs).
A closer look at sectoral growth reveals strong activity across a range of industries. The Information Technology and E-commerce sectors saw the largest increase, with 556 new companies.—APP
