ISLAMABAD, Pakistan: A total of 20,342 Companies were registered with the Securities & Exchange Commission of Pakistan (SECP) in 2020, which is an increase of 24 percent as compared to 16,456 in 2019.
Sharing the data on Twitter on Monday, the Prime Minister’s Adviser for Commerce and Investment Abdul Razak Dawood that we are glad to share that as a result of the reforms in the past 2.5 years and subsequent improvement of Pakistan’s Ease of Doing Business (EODB) ranking, the registration of Companies in Pakistan has increased.
The adviser said that during the Calendar Year 2020, a total of 20,342 Companies were registered with the SECP which is an increase of 24 percent as compared to 16,456 in 2019. When compared to 2018, the Companies Registration increased by 54 percent in 2020, he further wrote.
Abdul Razak Dawood further told that in January 2021, a total of 2,201 Companies were registered with the SECP which is up by 12 percent as compared to the previous month.
The Commerce and Investment Adviser said that this is a healthy trend and the SECP and the Board of Investment (BOI) deserve credit for making this possible.
Razak Dawood added that investors are encouraged to take advantage of the ease in company registration offered by the SECP to formalize their businesses.