SECP registers 819 companies in March
The regulatory body registered 5,858 new companies during the first nine months of the current fiscal year
The regulatory body registered 5,858 new companies during the first nine months of the current fiscal year. PHOTO: SECP
ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) registered 819 new companies during the month of March, an increase of 34% as compared to the same month of the preceding year. During the first nine months of the current fiscal year, the regulatory body registered 5,858 new companies, which represents a growth of 33% as compared to the corresponding period in the previous year. A growing trend in company incorporation is the direct result of numerous facilitation measures undertaken by the SECP, said a statement issued by the apex regulator. Around 86% of companies were registered as private limited companies, while around 11% were registered as single member companies. Meanwhile, 3% were registered as public unlisted, associations not-for-profit and foreign companies.
Published in The Express Tribune, April 9th, 2017.
The Securities and Exchange Commission of Pakistan (SECP) registered 819 new companies during the month of March, an increase of 34% as compared to the same month of the preceding year. During the first nine months of the current fiscal year, the regulatory body registered 5,858 new companies, which represents a growth of 33% as compared to the corresponding period in the previous year. A growing trend in company incorporation is the direct result of numerous facilitation measures undertaken by the SECP, said a statement issued by the apex regulator. Around 86% of companies were registered as private limited companies, while around 11% were registered as single member companies. Meanwhile, 3% were registered as public unlisted, associations not-for-profit and foreign companies.
Published in The Express Tribune, April 9th, 2017.