New companies’ registration rises 28%
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 773 new companies during June, showing growth of 28% as compared to the corresponding month of the previous financial year. According to a press release issued by the SECP, the total number of registered companies has reached 87,622. The massive increase was the result of the SECP’s various reform measures including introduction of simplified combined process for name reservation and incorporation, reduction in fee, etc. Around 77% companies were registered as private limited companies, while around 21 percent were registered as single-member companies. Two percent were registered as public unlisted, non-profit associations, foreign companies and limited liability partnerships (LLPs).
Published in The Express Tribune, July 6th, 2018.
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Original news : https://tribune.com.pk/story/1750783/2-new-companies-registration-rises-28/