Technology

Massive increase in entrepreneurship in Pakistan as SECP records 70% surge in registrations

More than 2000+ companies have been registered with SECP in September as per the latest stats released. Almost all of the registrations were done online and more than 40% of the registrations were made in one day. These are groundbreaking stats which show a massive increase in entrepreneurship in the country. This will increase employment opportunities in the country and invite more investments from abroad.

As per SECP, around 68% of the companies were registered as private limited companies. Whereas around 29% were single-member companies and 3% were registered as either public unlisted companies and not for profit associations. These indicators along with several other measures taken by the Government have suggested that there will be positive GDP growth of 1% this fiscal year.

According to the breakdown provided by SECP, some of the companies registered were in the following sectors:

  • Trading Sector – 414 companies
  • Construction Sector – 294 companies
  • IT Sector – 289 companies
  • Services sector – 226 companies
  • Real Estate – 139 companies
  • Food and Beverages – 87 companies
  • Education – 63 companies
  • Engineering – 61 companies and more

Investors from Australia, China, Egypt, Germany, Greece, Iran, Italy, Japan, the Netherlands, Norway, Saudi Arabia, Singapore, the UAE, the UK, the US and Yemen have invested in 43 new companies in Pakistan as per the SECP filings. Around 812 companies were registered in the Federal Capital followed by 764 in Lahore and 348 in Karachi.

Sponsored
Shaheryar Ehsan

Content Team Lead. Blogger, Content Developer, Social Media, and SEO Expert. Reach out: shaheryar.ehsan@techjuice.pk

Share
Published by
Shaheryar Ehsan

Recent Posts

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

43 mins ago

WhatsApp-Inspired Updates Under Testing in Google Messages

Google is exploring a revamped image-sharing interface in its Messages app, taking cues from WhatsApp…

1 hour ago

Create AI Video Backgrounds with YouTube Shorts’ Dream Screen

When it comes to online video streaming, YouTube is among the most well-known options. Every…

1 hour ago

Telecom Operators to Automatically Restore SIMs for Tax Filers

The Federal Board of Revenue (FBR) has introduced a comprehensive mechanism for blocking and unblocking…

3 hours ago

Trump’s Influence Fuels Bitcoin to Cross $100,000

Bitcoin broke the $100,000 mark for the first time on Thursday, driven by Trump's crypto-friendly…

3 hours ago

PSX Hits New Heights, Surges by 1,800 Points to Cross 97,000

On Thursday, the Pakistan Stock Exchange (PSX) 100 Index surged by 1,781.94 points, or 1.86%,…

4 hours ago