Important progress has been made by the Securities and Exchange Commission of Pakistan towards a safe and strong Pakistan.
With significant achievement facilitated by the Special Investment Facilitation Council (SIFC), the Securities and Exchange Commission of Pakistan (SECP) set a record of registering 2,864 new companies in July 2024 with the aim of increasing exports and foreign investment.
The SECP has achieved the highest ever target of number of registered companies in a single month with an increase of 25% compared to the same month last year.
This initiative’s objectives is to enhance exports and attract foreign investment, with foreign investors from 86 new companies across Asia, Africa, Europe, America, and Australia participating.
Approximately 58% of the newly incorporated companies were registered as private limited companies, while the remainder included public enlisted companies, non-profit associations, and trade organizations.
Moreover, 99.8% of the companies were registered online, demonstrating the efficiency of SECP’s digital registration process. The participation of 284 companies were in real estate development and construction, 164 in tourism promotion, 120 in e-commerce, and 51 in power generation sectors are mainly notable.
China led the foreign investment with 64 companies, followed by significant contributions from Turkiye, Afghanistan, the United Kingdom, and other countries. This robust commitment by SIFC to promote exports and investment underscores a vision for a safe and prosperous Pakistan, ensuring a brighter future for the nation.
