766 New Companies Registered in Just One Month

The Securities and Exchange Commission of Pakistan (SECP) has registered 766 new companies during the first month of 2017.

In the last three months, incorporation of new companies witnessed 48 percent growth with constant increasing trend.

Out of 766 companies registered last month 86 percent private limited companies. While around 11 percent registered as single member companies.

Three percent of them were registered as public unlisted, associations non-profit and foreign companies.

More Foreign Investment Coming in Pakistan

Furthermore, 49 new companies have brought foreign investment from China, Denmark, Germany, Japan, Netherlands, Philippines, Oman, Switzerland, Australia, Bahrain, Turkey, UK and United States.

It merits mentioning here that recently, international business magazine Bloomberg has also admitted economic growth and stability in Pakistan, stating that the country’s image has suffered a shift from terrorism to development projects.