ISLAMABAD – Securities and Exchange Commission of Pakistan registered onethousand one hundred and thirty new companies during December 2018,representing a growth of forty three percent over corresponding period offinancial year.
According to SECP, the number of registered companies has now reached toninety four thousand two hundred and five (94205).
Foreign investment has been reported in 57 new companies.
These companies have investors from Canada, China, Greece, Hungary, Japan,Kenya, the Netherlands, New Zealand, Norway, the Philippines, Saudi Arabia,South Africa, Sri Lanka, Sweden, Switzerland, Thailand, Tunisia, the UK,the US and Vietnam.
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The highest numbers of companies were registered in Islamabad, followed byLahore and Karachi.
The increase is attributed to the Commission’s various reforms measuresincluding introduction of simplified combined process for name reservationand incorporation, reduction of fee, and assistance of incorporation byfacilitation wings.
