Categories: NewsTechnology

Business Registration Increased by 17% in Lahore

Punjab Information Technology Board (PITB)’s developed Business Registration Portal (business.punjab.gov.pk) in collaboration with the Industries Department has registered 18,513 businesses since its launch in 2018.

The portal reveals the growing trend of business registrations, according to the statistics; the number of businesses registered in the first quarter of 2019-20 was 2,493 as compared to 2,131 in Q1 of 2018-19, showing a massive 17 percent increase for this year. Moreover, there were 10,858 partnership firm registrations with the Industries department, 1,911 registrations with Punjab Employees Social Security Institutions (PESSI) and 5,744 shops and establishment registrations with the Labour Department, setting a new paradigm.

Business Registration Portal is a practical translation of the Government’s ‘Ease of Doing Business’ plan. The Portal’s integration with the Securities & Exchange Commission of Pakistan (SECP) in the federal, Industries Department, Labour Department, PESSI and Excise & Taxation at the provincial level makes it effective in time & cost saving; providing ease to Public in Business Registrations. After the pilot of this project in Lahore, it is now being extended to other districts of Punjab.

Sponsored
Press Release

Share
Published by
Press Release

Recent Posts

Rising Costs Shrink Honda Atlas Q3 Profit to Rs257 Million

Honda Atlas Cars (Pakistan) Limited (HCAR) reported a nearly 62% decrease in profit-after-tax (PAT) for…

48 mins ago

Rumors Indicate iPhone 17 May Feature Unconventional Camera Design

Apple is reportedly preparing for a significant design overhaul with its iPhone 17 series, blending…

17 hours ago

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

18 hours ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

19 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

19 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

21 hours ago