773 new companies registered in June

ISLAMABAD, July 5:  In June, the Securities and Exchange Commission of Pakistan (SECP) registered 773 new companies. As compared to the corresponding month of last financial year, it represents a growth of 28 percent, raising the number of registered companies to 87,622. The massive increase is the result of the SECP’s various reforms measures, i.e. introduction of simplified combined process for name reservation and incorporation, reduction in fee, assistance of incorporation by facilitation wings at CROs etc.