pakistan sets record
|

Pakistan sets record with 5,438 companies registered in July

Islamabad – A new business record has been set in Pakistan with thousands of new companies registered with the Securities and Exchange Commission of Pakistan (SECP) in a single month.

Business activity in Pakistan’s corporate sector has witnessed a significant acceleration as the SECP set a new record for the registration of new companies during July.

According to official figures, 5,438 new companies were registered across the country in July marking the highest number of registrations recorded in a single month.

During the same period, five international companies also established their offices in Pakistan including companies from Malaysia, the United Arab Emirates and China.

According to the report, 112 newly registered companies have foreign directors on their boards indicating growing foreign investment and international business interest in Pakistan.

The newly registered companies include 3,148 private limited companies while Punjab remained at the top with 2,756 new companies registered.

This was followed by Islamabad with 1,053, Sindh with 864, Khyber Pakhtunkhwa with 450, Gilgit-Baltistan with 180 and Balochistan with 135 newly registered companies.

IT sector leads new registrations

A sector-wise analysis shows that Information Technology (IT) remained the leading sector with 1,008 new companies registered.

Other sectors also recorded significant registrations including 845 companies in trading, 638 in services, 348 in construction, 256 in food and beverages, 207 in tourism, 181 in e-commerce, 165 in education, 162 in real estate development and 145 in corporate agriculture.

According to business experts, the increasing number of new company registrations reflects growing private-sector investment, business confidence and new economic activity in the country.

The rapid growth in registrations in the IT sector is also being viewed as a positive sign for the expansion of Pakistan’s digital economy.

Similar Posts

  • | | | |

    Russia, COMSTECH seek stronger cooperation in scie…

    Russia and the Organisation of Islamic Cooperation’s Standing Committee on Scientific and Technological Cooperation (COMSTECH) have discussed new opportunities to expand collaboration in science, technology and higher education. Russian Ambassador Albert P. Khorev received a COMSTECH delegation on August 12. The delegation was led by COMSTECH Coordinator General Professor Dr M. Iqbal Choudhary. The meeting focused on strengthening cooperation between Russia and COMSTECH, particularly in areas of scientific research and academic development. Russia participates in the OIC as an observer state. Professor Iqbal Choudhary highlighted existing cooperation between COMSTECH and Russian institutions. He specifically mentioned collaboration with Kazan Federal University and the Russian Association of Earthquake Engineering and Protection against Natural and Man-Made Hazards. The participants identified considerable potential for expanding academic links between the two sides. They discussed stronger partnerships between universities, increased scholarship opportunities and joint research projects in fundamental sciences. Both sides also stressed the need to speed up implementation of initiatives previously agreed upon under their bilateral working mechanism. These initiatives were discussed during the first meeting of the Working Group on Cooperation between COMSTECH and the Russian Federation in science, technology and higher education. The meeting was held in Kazan on May 13, 2026, on the sidelines of the international economic forum Russia–Islamic World: KazanForum. Ambassador Khorev reaffirmed Moscow’s interest in expanding its engagement with the OIC and Muslim-majority countries. He also highlighted the importance of cooperation with Pakistan. The participants noted that stronger scientific and academic links between Russia and COMSTECH could also contribute to closer Russia-Pakistan relations, particularly through education, research and technological cooperation. The two sides agreed to maintain regular communication and provide necessary support for implementing joint initiatives and projects.

  • | |

    PM rebukes Islamabad officials over ceremonial bug…

    ISLAMABAD: Prime Minister Shehbaz Sharif has expressed serious displeasure over the use of a ceremonial horse-drawn buggy by Islamabad’s chief commissioner and inspector general during the August 14 Independence Day celebrations. An official advisory issued by the Establishment Division said the incident had attracted widespread public criticism and prompted the Prime Minister to take a serious view of the conduct. The advisory was issued to Islamabad Chief Commissioner Lt (retd) Sohail Ashraf and Inspector General of Police Syed Ali Nasir Rizvi. According to the advisory, the prime minister believed that the display of pomp and show created an impression of privilege, ostentation and personal glorification, which was contrary to the principles of public service. It stressed that government officials entrusted with public offices were expected to demonstrate humility, restraint, dignity and sound judgment. The Establishment Division warned that such conduct could weaken public confidence in government institutions and fall short of the standards expected from senior officials. The two officials were advised to exercise greater care in carrying out their duties and ensure that similar incidents did not happen again. The controversy emerged after images and videos of the officials travelling in the ceremonial buggy during the Independence Day event circulated widely on social media, drawing criticism from the public. Interior Minister Mohsin Naqvi subsequently defended the officials, saying they were not responsible for the decision to use the buggy. He explained that the vehicle had originally been arranged for the chief guest, while he and the chief guest were delayed because of a meeting involving the president and prime minister. Naqvi said the two officials had initially been reluctant to begin the programme in the absence of the chief guest and the minister but were instructed to proceed to avoid inconvenience to the public. Despite the clarification, the incident continued to attract attention, ultimately leading to the formal advisory from the Establishment Division.

  • | |

    PM Shehbaz Sharif says Pakistan used autonomous sy…

    Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to strengthening national security through advanced technology, stating that the country’s armed forces relied on autonomous systems and cybersecurity capabilities to protect its borders during what he described as “Marka-e-Haq.” His remarks came while addressing the Indus Robotics and Autonomous Systems Expo in Islamabad. Speaking at the event, the Prime Minister said Pakistan is making significant progress in modern technology and innovation, adding that initiatives such as the robotics and autonomous systems exhibition will help position the country among leading technology-driven nations in the 21st century. Shehbaz Sharif emphasized that the use of advanced technologies in the security sector is a matter of national pride. He noted that Pakistan has achieved important milestones in the development of indigenous defense capabilities, particularly in drone technology. According to the Prime Minister, more than 60 percent of the country’s drone production is now being carried out locally, reflecting continued efforts to reduce reliance on foreign technology and strengthen domestic manufacturing. The Prime Minister also praised the leadership of Field Marshal Syed Asim Munir, saying the armed forces successfully adopted modern technological solutions during Marka-e-Haq. He acknowledged the contributions of the Chief of Air Staff and the Chief of Naval Staff, stating that their coordination and leadership played an important role in strengthening Pakistan’s defense preparedness. Highlighting the growing importance of digital security, Shehbaz Sharif said autonomous systems and cybersecurity have become essential components of modern warfare and national defense. He stressed that Pakistan will continue investing in emerging technologies to enhance its security capabilities and protect its sovereignty in an increasingly technology-driven world. The Prime Minister added that innovation in robotics, artificial intelligence, unmanned systems, and cyber defense is not only important for military preparedness but also for the country’s broader technological and economic development. He encouraged collaboration between government institutions, the private sector, and academic organizations to accelerate research and promote local innovation. The Indus Robotics and Autonomous Systems Expo showcased advancements in robotics, autonomous technologies, and indigenous defense solutions, highlighting Pakistan’s growing focus on technological self-reliance. Government officials believe such initiatives will help strengthen the country’s industrial base while supporting long-term national security objectives. Shehbaz Sharif concluded by reaffirming that Pakistan will continue to adopt modern technologies to safeguard its borders and enhance its defense capabilities, ensuring the country remains prepared to address evolving security challenges in the years ahead.

  • | |

    Peshawar High Court blocks deportation of two Afgh…

    The Peshawar High Court has stopped the deportation of two Afghan journalists who are currently living in Pakistan. The court has directed the federal government to decide their cases within two months. The petitioners have been identified as Syed Ehsanullah Salehi and Syed Munir Ahmed. Both are Afghan journalists. The court said the two petitioners entered Pakistan on valid visas. They are currently residing in the country. According to the petitioners, they have applied for resettlement in France. Their applications are still under consideration. The petitioners also informed the court that the French embassy has already verified their cases. Their lawyer told the court that both journalists face a risk of arrest and deportation. He said the fear of deportation has also restricted their freedom of movement in Pakistan. After hearing the case, the high court directed the federal government to determine the matter within 60 days. The court also issued directions for the situation if the government fails to reach a decision within the given period. It said the Ministry of Interior should grant the petitioners temporary permission to remain in Pakistan. The ruling provides temporary relief to the two Afghan journalists while their cases are being reviewed by the relevant authorities. Separately, Minister of State for Interior Talal Chaudhry said Afghan nationals who wish to return to Pakistan in the future can do so after obtaining a valid visa. The development comes as Afghan nationals in Pakistan continue to face scrutiny over their legal status and documentation. The court’s decision means that the two petitioners cannot be deported while the government considers their cases within the period set by the court

  • | |

    KP rejects Rs6.4bn proposed cut in federal transfe…

    PESHAWAR: The Khyber Pakhtunkhwa government has rejected a proposed deduction of Rs6.4 billion from the province’s federal financial transfers. Chief Minister Sohail Afridi said the federal government had sought an additional amount from Khyber Pakhtunkhwa before the provincial budget. The provincial government had linked the release of the additional funds to a meeting with PTI founder Imran Khan and his approval. Afridi said the KP government neither approved nor agreed to the proposed deduction of Rs6.4 billion. He said the additional federal grant had also not been included in the provincial budget for the 2026-27 financial year. The chief minister said the matter was not merely a political dispute but concerned the province’s constitutional and financial rights. He maintained that Article 164 of the Constitution does not give the federal government the authority to unilaterally deduct money payable to a province. According to Afridi, any such deduction requires a clear constitutional or legal basis as well as the consent of the provincial government. He said the Finance Department had clearly conveyed its disagreement with the proposed deduction in a letter issued on August 13. Written instructions were also issued that no deduction should be made without the province’s consent. Afridi said Finance Adviser Muzammil Aslam immediately met the relevant officials of the Accountant General KP. The Accountant General of Pakistan Revenues was also directed not to record or implement any transaction without the clear consent of the provincial government. The chief minister said the provincial government had decided to prepare a summary and ordinance under the 7th National Finance Commission (NFC) after the province did not receive its share for six months. He said the provincial government did not sign the memorandum of understanding concerning the additional amount because a meeting with the PTI founder was not arranged. Afridi said the KP government had already approached the Federal Constitutional Court to seek its constitutional rights under the National Finance Commission. He made it clear that the provincial government would not compromise on its NFC rights. The chief minister further said the federal government had no authority to unilaterally deduct money on the basis of an unapproved memorandum of understanding. He vowed that the provincial government would use every legal and constitutional avenue to protect its rights and defend every rupee of its financial share. Afridi also said that if the Federal Board of Revenue (FBR) achieved its Rs15.26 trillion tax collection target, Khyber Pakhtunkhwa’s share would amount to approximately Rs175 billion. He added that providing the merged districts with their rightful share under the 11th NFC was also one of the provincial government’s conditions.

Leave a Reply

Your email address will not be published. Required fields are marked *