CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
0
0
0
0
0
Subscribe
CW Pakistan
CW Pakistan CW Pakistan
  • Legacy
    • Legacy Editorial
    • Editor’s Note
  • Academy
  • Wired
  • Cellcos
  • PayTech
  • Business
  • Ignite
  • Digital Pakistan
  • DFDI
  • PSEB
  • PASHA
  • TechAdvisor
  • GamePro
  • Partnerships
  • Business
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • News

IT, construction, and real estate are the top industries in Pakistan

  • April 15, 2022
Total
0
Shares
0
0
0
Share
Tweet
Share
Share
Share
Share

According to data supplied by Pakistan’s Securities and Exchange Commission, construction and real estate, as well as IT, were the top sectors attracting the most businesspeople and entrepreneurs in May of this year (SECP).

With 252 firms formed, the construction and real estate industry took the lead, followed by trading (247), IT (216), services (149), e-commerce (64), and food and beverages (59).


“The government is really interested in the building sector,” said Ahmed Lakhani, a senior research analyst. “The Pakistan Stock Exchange is booming with cement and steel companies.”


The government’s Naya Pakistan Housing Scheme and other initiatives are encouraging the building and real estate sectors, according to Lakhani.

Prior to taking office, Prime Minister Imran Khan stated that his government would seek an economic turnaround through the building sector.


Pakistan is said to have a significant housing shortage of roughly 11 million homes. And this demand is growing at a rate of 700,000 homes every year. (Opponents of housing demand argue that unused or vacant housing is also languishing around the country because people can’t afford it.)


In May, the SECP registered 1,597 new businesses. In May of last year, the figure was 107 percent higher. The overall number of firms registered has risen to 143,416.

“For the first time in history, new company incorporation will exceed 25,000 in a fiscal year (this fiscal year),” according to an SECP official. “In comparison to the previous year, we predict a 35 percent increase.”


“People gravitated toward IT-based enterprises during the pandemic. Second, forming a business is now very simple, and you may do so for Rs1,500 from anywhere in the world.”
This year, IT companies saw a 55 percent increase in revenue. It has never happened before, according to the official.


According to a statement from the SECP, “for the second consecutive month, over 100 percent growth in the formation of new enterprises has been observed.”


The SECP attributed the upward trend to digitization and automation, as well as the implementation of simpler combined processes for name reservation and incorporation, as well as support from the SECP’s new Business Centre.


Around 99 percent of businesses registered online in May. A total of 175 international users have registered.


48 new enterprises from Azerbaijan, China, Denmark, Germany, Korea South, Kuwait, Malta, the Netherlands, Norway, Russia, Singapore, Turkey, the UAE, the UK, and the US have disclosed foreign investment.

 

source: Samaa.TV

 

Share
Tweet
Share
Share
Share
Related Topics
  • Naya Pakistan Housing Scheme
  • Prime Minister Imran Khan
  • SECP
Previous Article
  • Business
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

Daraz creates a long-term plan to improve its ecosystem.

  • April 15, 2022
Read More
Next Article
  • Business
  • Computerworld
  • DEMO PAKISTAN
  • Ignite
  • Technology

NIC Karachi has graduated 35 startups.

  • April 15, 2022
Read More
You May Also Like
Read More
  • Business

China and Pakistan Expand Agricultural Tech and Trade Ties Under CPEC

  • Press Desk
  • July 3, 2025
Read More
  • Ignite

WonderTech Deploys VR Escape Room at Unilever Walls Factory to Boost Team Agility and Growth

  • Press Desk
  • July 3, 2025
Read More
  • Ignite

Bioniks Fits First Prosthetic Limb on Gaza War Survivor Amid Humanitarian Expansion

  • Press Desk
  • July 3, 2025
Read More
  • Business

Jazz Honored with HR Pinnacle Award for Innovative Learning and Development Programs

  • Press Desk
  • July 2, 2025
Read More
  • Ignite

Pakistan’s GeoGemma Wins Best AI Use at 2025 APAC Challenge for Disaster Mapping Tool

  • Press Desk
  • June 29, 2025
Read More
  • Ignite

KKAWF Launches World’s First AI Drug Prevention App “Clear Minds” for Pakistan

  • Press Desk
  • June 26, 2025
Read More
  • Business

Data Vault Launches Pakistan’s First AI-Powered Data Center

  • Press Desk
  • June 26, 2025
Read More
  • Ignite

Alibaba.com Launches $1M CoCreate Pitch Competition for Global and Pakistani SMEs

  • Press Desk
  • June 26, 2025

Leave a Reply Cancel reply

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

Trending Posts
  • Microsoft’s Operational Restructuring: Ensure Continued Commitment to Pakistan
    • July 3, 2025
  • Young Pakistani Scientists Represent Country at 74th Lindau Nobel Laureate Meeting
    • July 3, 2025
  • Punjab Launches Province-Wide Crackdown on E-Challan Defaulters Using Safe Cities System
    • July 3, 2025
  • China and Pakistan Expand Agricultural Tech and Trade Ties Under CPEC
    • July 3, 2025
  • Digital Gender Inclusion Strategy Sees Progress as Mobile Internet Gap Narrows in Pakistan
    • July 3, 2025
about
CWPK Legacy
Launched in 1967 internationally, ComputerWorld is the oldest tech magazine/media property in the world. In Pakistan, ComputerWorld was launched in 1995. Initially providing news to IT executives only, once CIO Pakistan, its sister brand from the same family, was launched and took over the enterprise reporting domain in Pakistan, CWPK has emerged as a holistic technology media platform reporting everything tech in the country. It remains the oldest continuous IT publishing brand in the country and in 2025 is set to turn 30 years old, which will be its biggest benchmark and a legacy it hopes to continue for years to come. CWPK is part of the SPIN/IDG Wakhan media umbrella.
Read more
Explore Computerworld Sites Globally
  • computerworld.es
  • computerworld.com.pt
  • computerworld.com
  • cw.no
  • computerworldmexico.com.mx
  • computerwoche.de
  • computersweden.idg.se
  • computerworld.hu
Content from other IDG brands
  • PCWorld
  • Macworld
  • Infoworld
  • TechHive
  • TechAdvisor
CW Pakistan CW Pakistan
  • CWPK
  • CXO
  • DEMO
  • WALLET

CW Media & all its sub-brands are copyrighted to SPIN-IDG Wakhan Media Inc., the publishing arm of NCC-RP Group. This site is designed by Crunch Collective. ©️1995-2025. Read Privacy Policy.

Input your search keywords and press Enter.