SECP registered 1,323 companies in May

ISLAMABAD, June 20:  In May, the Securities and Exchange Commission of Pakistan (SECP) registered 1,323 new companies. As compared to the corresponding month of last financial year, it represents a 21 percent growth, raising the number of registered companies to 1,00,532, a landmark achievement. 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, one window facility for company incorporation along with NTN generation, reduction in fee and assistance provided by facilitation wings at major CROs