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Securities and Exchange Commission of Pakistan’s data showed the largest metropolis of Pakistan, Karachi could attract only 394 new countries this year, while Lahore on the lead of 810 and Islamabad 807.
According to the date shared by SECP, Lahore’s businesspersons opened twice as much companies up to 810 as in Karachi, making it the highest numbers of new companies opened in the country.
New companies were registered throughout the country in June, showing a 63% rise as compared to June 2020, informed SECP.
Moreover, the other cities of Pakistan which include Peshawar, Multan, Faisalabad, Gilgit-Baltistan, Quetta and Sukkur registered 174, 127, 98, 62, 22, and 10 ventures, respectively. Taking the tally of the new registered companies in the country to 145,913.
It has also reported the foreign investment in 66 new companies. These companies have foreign investors from Austria, Azerbaijan, Bangladesh, China, France, Germany, Ghana, Hong Kong, Iran, Italy, Kyrgyzstan, Malawi, Mexico, the Netherlands, Nigeria, Oman, Philippines, Qatar, Russia, Singapore, Slovakia Republic, Sweden, Syria, Turkey, the UK, Uruguay and the US.
