Times of Islamabad

Over 40,000 companies registered in Dubai in name of Pakistani nationals: report

Over 40,000 companies registered in Dubai in name of Pakistani nationals: report

According to a statement issued by the Dubai government’s media office onWednesday, 3,395 new companies joined the commerce chamber, propellingPakistan to the third position in the ranking of registered companies inDubai. This increase was 59% higher compared to the same period last year,bringing the total number of Pakistani companies in the chamber to 40,315.

Dubai Chamber of Commerce, one of the three chambers operating under theumbrella of Dubai Chambers, noted that in this regard, India has securedthe top position with 6,717 new Indian-owned companies.

The United Arab Emirates ranks second with 4,445 new companies registered.

Other countries that have seen a significant increase in the registrationof new companies include Egypt, with 2,154 new companies joining thechamber.