Reform measures introduced by the Securities and Exchange Commission of Pakistan have led to a marked improvement in company registrations and regulatory compliance across the country.
According to the SECP, 10,511 new companies were registered between February and April this year, showing an increase of 21 per cent compared with the corresponding period last year.
In April alone, 4,082 companies completed registration. Investors from more than 22 countries registered companies in Pakistan during the three-month period.
The paid-up capital of foreign companies recorded an increase of 218 per cent. The total capital stood at Rs882 million, compared with Rs277 million recorded during the same period last year.
Foreign investors registered companies in the sectors of trade, services, information technology, construction and minerals.
The SECP also reported a 61 per cent increase in regulatory compliance by companies. During the past three months, 61,960 companies submitted annual returns.
A spokesman said the company registration system would be made further automated.
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