Massive 110 percent growth is witnessed during July 2017

The Securities and Exchange Commission of Pakistan (SECP) during the month of July 2017 registered 814 new companies. As compared to the corresponding month of the last financial year, it represents a growth of 110 percent. The massive increase in number of new companies is the direct result of various reforms instituted by the SECP, i.e. simplification of incorporation procedure, reduction in fee, assistance of incorporation by facilitation wings of CROs etc.