Over 1200 companies emerge in Pakistan in a month

The Securities and Exchange Commission of Pakistan (SECP) registered 1,290 new companies in February 2019.
The figure shows a growth of 26 percent as compared to last year. The commission has now a total of 96,510 registered companies.
The massive increase in registration of companies is said to be the result of the commission’s various reforms measures lie introduction of a simplified combined process for name reservation and incorporation, one window facility for company incorporation and NTN generation, reduction of the fee, the assistance of incorporation by facilitation wings of CROs etc.
Of the total companies, newly registered, around 75 percent of companies are private limited companies, while around 22 percent are single member companies. 3 (three) percent were registered as public unlisted companies and LLP.
A report said foreign investment has been reported in 39 new companies. These companies have foreign investors from Argentina, China, Denmark, Germany, Jordan, Kenya, Korea South, Portugal, Russia, Singapore, Sweden, and the US.
The highest number of companies was registered in Islamabad. They are 468. Lahore stands at number two with 322 companies and Karachi at number three with 240.
The CROs in Peshawar, Multan, Gilgit-Baltistan, Faisalabad, Quetta, and Sukkur registered 81, 67, 45, 39, 24 and 4 companies respectively.