ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) registered 117 construction companies in April along with 194 IT companies, 180 trading companies, 115 import and export companies and 110 consultancy companies. The companies’ total registration increased by 186 percent.
According to SECP, total registration of companies were increased to 141,805, with 2,185 new companies registered in April alone. Of these, there were 220 foreigner users who registered from overseas, 99 percent registered online and 29 percent completed the incorporation process the same day.
The April incorporation included 29 percent single member companies, 67 percent private limited companies, and 4 percent were trade organisations, foreign companies, public unlisted companies not for profit associations, and limited liability partnerships.
Foreign direct investment has been seen in 47 new companies. These companies have foreign investors from China, Netherlands, Hong Kong, USA, UAE, Greece, Saudi Arabia, Syria, UK, Turkey, Norway, Canada, Germany and Australia.
According to a statement issued by SECP, the growth in registration cases is a result of digitisation and simplification of processes that include speedy systems for name reservation and incorporation, minimal fees and facilitation from newly established business centres.
For more news, visit Graana.com
MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…
ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…
As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…
Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…
As Los Angeles County grapples with the aftermath of some of the most destructive fires…
On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
