A substantial increase in corporate registrations has been witnessed in Pakistan, with over fourteen thousand eight hundred new companies formally established in the first four months of the current fiscal year, according to a report by the Securities and Exchange Commission of Pakistan (SECP).
According to an official report today, this significant growth in new business ventures is being attributed to the comprehensive strategy implemented by the Special Investment Facilitation Council (SIFC), which is credited with expanding the scope of investment and commercial opportunities in the country.
Leading the trend are the information technology and e-commerce sectors, which together saw the incorporation of six hundred and seventy new enterprises during this period.
An analysis of the corporate structures reveals that a majority of the new entities, fifty-nine percent, opted to register as private limited companies.