According to the Securities & Exchange Commission of Pakistan’s (SECP) Annual Report for FY23, 841 companies in total gained foreign direct investment, mostly from investors from developed countries and the corresponding country of headquarters during the last financial year.
China led the group, having invested in 448 companies, followed by the United States (46) United Kingdom (36), Afghanistan (35), Germany (32), Turkey, and South Korea (16 each), the United Arab Emirates (15), Singapore (11), Nigeria (10), Spain (9), Canada, and Hong Kong with 8 each, Norway (7), Australia, Iran, Malaysia, South Africa, and Switzerland 6 each, Egypt, Japan, Jordan, Lebanon, the Netherlands, and Thailand 5 each, and 84 companies internationally.
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In addition, 33 foreign firms representing countries including China, the UAE, the UK, Azerbaijan, Hong Kong, Italy, South Korea, Singapore, Bahrain, and Germany were registered in Pakistan during the fiscal year, among others, adding to the business environment of the nation.
The business sector made great strides in FY23; SECP registered 27,746 new companies, a remarkable 4.7 percent gain from the previous year’s 3.8 percent. This raises the outstanding total number of firms registered to 196,805 in total.
The implementation of automation and process optimization has become significant; over 99.8% of businesses completed their online registration process in less than 24 hours.
The registered companies for the current year demonstrated a noteworthy presence across multiple industries in terms of sector-specific dispersion.
With 4,527 companies, the real estate and construction sectors led the way. The IT sector came in second with 4,038 companies, trading came in third with 3,539, services had 2,928 companies, food and beverage had 1,106, tourism had 1,101, education had 1,048, e-commerce had 910 companies, agriculture had 732, and marketing and advertising had 672. The remaining businesses were registered under different industries.
About 58% of the companies registered in FY23 were private limited companies, 39% were single-member firms, and the remaining 3% were either public not included, not-for-profit associations, trade organizations, foreign companies, or limited liability partnerships.
Further dissecting the numbers, 9,264 of the 27,746 companies registered during this time were located in Islamabad, 10,904 people reside in Punjab, 4,251 in Sindh, 2,136 in KP, 538 in Balochistan, and 653 in Gilgit-Baltistan.
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