Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood on Monday stated that the registration of companies in Pakistan has increased as a result of the reforms in the past years and subsequent improvement of the country’s Ease of Doing Business (EODB) ranking.
In a series of tweets, Dawood shared that during the calendar year 2020, a total of 20,342 companies were registered with the Securities and Exchange Commission of Pakistan (SECP), which is an increase of 24 per cent as compared to 16,456 in 2019.
We are glad to share that as a result of the reforms in the past 2.5 years and subsequent improvement of Pakistan’s EODB ranking, the registration of companies in Pakistan has increased. During the calendar year 2020, a total of 20,342 companies were registered…1/3
— Abdul Razak Dawood (@razak_dawood) February 15, 2021
“When compared to 2018, companies registration increased by 54pc in 2020. In January 2021, a total of 2,201 companies were registered with SECP which is up by 12pc as compared to the previous month,” he said.
…with SECP which is an increase of 24% as compared to 16,456 in 2019. When compared to 2018, companies registration increased by 54% in 2020. In January 2021, a total of 2,201 companies were registered with SECP which is up by 12% as compared to the previous month. 2/3
— Abdul Razak Dawood (@razak_dawood) February 15, 2021
The advisor was of the view that this is a healthy trend and the SECP and Board of Investment (BOI) Pakistan “deserve credit for making this possible.
“Investors are encouraged to take advantage of the ease in company registration offered by SECP to formalise their businesses,” he said.
This is a healthy trend and the SECP & BOI deserve credit for making this possible. Investors are encouraged to take advantage of the ease in company registration offered by SECP to formalise their businesses. 3/3
— Abdul Razak Dawood (@razak_dawood) February 15, 2021
