Huge Surge in Entrepreneurship of Pakistan as SECP records 70% surge in registrations

Huge Surge in Entrepreneurship of Pakistan as SECP records 70% surge in registrations

As per the latest stats released, a huge number of ventures registered themselves with SECP in September surpassing 2000 in tally. Almost all of the registrations were done online and more than 40% of the registrations carried out in one day. These disruptive stats show that, no matter how much unemployment in our country is, a massive increase in entrepreneurship has finally come to the rescue of this shaky economy. This will create more employment opportunities and invite more investments from abroad.

As per SECP, around 68% of the companies were registered as private limited companies. However, around 29% were single-member companies and 3% were registered as either public unlisted companies and not for profit associations. These indicators along with several other measures taken by the Government have suggested that there will be positive GDP growth of 1% this fiscal year.

More read: PM Imran Khan shares his dream of building ‘first knowledge city’ of Pakistan

As per the SECP filings, Investors from the UK, Australia, Singapore, Egypt, Greece, Germany, Iran, Italy, Japan, the Netherlands, Norway, Saudi Arabia, China, the UAE, Yemen and the US have invested in 43 new companies in Pakistan. Around 812 companies were registered in the Federal Capital followed by 764 in Lahore and 348 in Karachi.

According to the information provided by SECP, companies were registered in the following sectors:

  • Trading Sector – 414 companies
  • Construction Sector – 294 companies
  • IT Sector – 289 companies
  • Services sector – 226 companies
  • Real Estate – 139 companies
  • Food and Beverages – 87 companies
  • Education – 63 companies
  • Engineering – 61 companies and more
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