IT Sector Leads the Pack as Pakistan Registers 5,003 New Companies in a Month

For context, the Securities and Exchange Commission of Pakistan (SECP) registered 5, 003 new firms in October, taking the total number of registered businesses in the country to 321, 794.

Key points

• Punjab led with 2, 663 new registrations, followed by Islamabad with 934 and Sindh with 751.
• Among the newly registered firms, 55.4 percent were private limited businesses and 41.6 percent were single member firms.
• Among the firms registered in October, 173 foreign investors became directors.
• The information technology sector remained the top choice for new registrations in October.
• The SECP remarked the rise in firm registrations is a reflection of growing investment in the country.

Punjab led with 2, 663 new registrations, followed by Islamabad with 934 and Sindh with 751. Khyber Pakhtunkhwa recorded 382 new firms, Gilgit Baltistan 162, and Balochistan 111. PSX Investors Growth by Almost 50% in 10 Months. Information Technology Leads The Sectors.

Meanwhile, the information technology sector remained the top choice for new registrations in October. A total of 991 firms were registered in information technology, followed by 767 in trading, 594 in services, and 295 in construction. The food and beverages sector saw 219 new firms, tourism 213, and real estate 170. Foreign Investors And Women Participation.

Among the firms registered in October, 173 foreign investors became directors. Women's participation in firms as shareholders and directors stood at 13 percent.

For context, the SECP remarked the rise in firm registrations is a reflection of growing investment in the country. SECP Chairman Dr. Kabir Ahmed Sidhu remarked the commission is digitalizing corporate compliance to produce doing business easier in the country. Dr. According to Sidhu, the more new businesses are formed, the more new employment opportunities will be created in the country. Stay Connected with ProPakistani.

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For now, IT Sector Leads the Pack as Pakistan Registers 5, 003 New Companies in remains the part of the story worth watching, and further updates are likely as more details are confirmed.