SECP enrols 27,746 firms in a year

The Securities and Exchange Commission of Pakistan (SECP) registered 27,746 new companies in outgoing 2022-23, taking the tally to 196,805. This shows an increase of around five per cent over the preceding year, and as a result of digital incorporation process, about 99.8pc companies were registered online while 1,256 foreign users were registered from overseas. The total capitalisation of the newly incorporated companies in FY23 stood at Rs36.6 billion. Real estate development & construction sector led the number of new incorporations with 4,527 followed by information technology with 4,038 and trading with 3,539 new companies. SECP has made significant reforms to facilitate the registration of companies by fully digitising the registration process, along with company registration certificate. With this automation, companies can now be registered online from any part of the world, without needing to visit SECP offices.