Company registration: 44 percent growth witnessed in first half of current FY

ISLAMABAD, January 9: In the first half of current financial year, the Securities and Exchange Commission of Pakistan (SECP) registered 4,954 new companies, raising the total number of companies to 83,879. As compared to the corresponding month of last financial year, it represents a growth of 44 percent. The massive increase in number of new companies is the result of the SECP’s various reform measures, i.e. simplification of incorporation procedure, reduction in fee, assistance in incorporation by facilitation wings at CROs etc.