According to the latest data released by the Securities and Exchange Commission of Pakistan (SECP), there is a significant increase in business activity in the country. According to the report, 82 of the new companies registered include foreign investment, which reflects global confidence in Pakistan’s business sector.
The SECP statement said that the company registration process has been made completely digital, due to which 99.9 percent of the companies were registered online through the eZfile system. According to officials, this move has significantly improved transparency, speed and convenience and the process of starting a business has become easier than before.
According to the data, the total paid-up capital of new companies has been recorded at Rs 8.4 billion, which indicates the continuation of investment in the country’s economy. Provincially, Punjab topped the list with 1,998 registrations, while Islamabad registered 747 new companies, which is in second place. Positive developments were also seen in business trends in other provinces.
According to sector-wise details, the IT and e-commerce sector garnered the most attention, where 729 new companies were registered.
Experts say that the growing trend of digital economy, freelancing, startup culture and online trading has rapidly expanded this sector. A large number of youth in Pakistan are being attracted towards technology-related businesses, which is further boosting the growth of the IT sector.
According to economic experts, the increasing registration of companies is not only an indication of an improvement in the business environment but can also help in creating new employment opportunities. The presence of foreign investment is a sign that global investors are seeing potential in the Pakistani market.
