No doubt the nation’s economy is stabilized when businesses register themselves through a proper channel and legal way. Continuing from past practice, The Securities and Exchange Commission of Pakistan (SECP) has incorporated around 1,460 new companies in the month of April 2019 and a most of them were registered within a span of just four hours.
It’s worth mentioning here that as compared to the prior month of last year, a 29 percent growth is seen which is no doubt a plus point. The total number of Companies now registered with SECP is raised to 99,291. SECP reform policy is just showing its positive results.
SECP Major reforms include:
Introduction of the easy and combined process for name reservation and company’s incorporation,
One window facilitation for company incorporation and National Tax Number,
The decline in fee
Upgradation in the browser compatibility of its website.
95 percent of the companies were registered online. 73% percent of companies were registered as private limited companies, and 24 % were registered SMC’s.
Nature and number of Businesses Registered
Trading: 260 companies,
Services sector: 17 companies,
Information Technology: 163 companies,
Construction Sector: 154 companies,
Tourism: 81 companies,
Real estate: 67 companies,
Food and beverages: 61 companies,
Marketing and advertisement 42 companies,
Education 41 companies,
Corporate agricultural farming 38 companies,
Textile Industry: 33 companies,
Engineering: 30 companies,
Transportation: 26 companies,
Healthcare: 25 companies
Pharmaceuticals: 21 companies
Fuel and energy: 21 companies
Mining Sector: 20 companies
Communications: 19 companies
Cosmetics: 17 companies
Auto and allied: 16 companies,
Logging: 17 companies,
Chemicals: 15 companies,
Broadcasting: 14 companies,
Paper and board: 14 companies,
Cable and electric goods: 13 companies.
however, 79 companies were registered in other sectors.
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