Tag: punjab

  • Pakistan Corporate Registry Passes 311,000 as Tech Leads New Filings

    Pakistan Corporate Registry Passes 311,000 as Tech Leads New Filings

    Pakistan registered 4,761 new companies in August, pushing the total number of corporate entities in the country to 311,765.

    Online registrations accounted for 99.9 per cent of all filings during the month, driven by integrated federal and provincial digital portals.

    Where the new businesses set up shop

    Punjab remained the primary hub for new ventures, taking 2,547 incorporations or 53 per cent of the August total. Islamabad Capital Territory registered 843 companies, outpacing Sindh, which recorded 702 new corporate entities.

    Khyber Pakhtunkhwa accounted for 407 registrations, while Gilgit-Baltistan recorded 151 and Balochistan logged 111. The Information Technology sector led sector-specific formation across the country with 872 new incorporations during the month, followed by trading firms.

    Private limited entities made up the largest structure category at 2,762 companies, representing 58.01 per cent of the total. Single-member firms followed with 1,846 registrations, alongside 113 limited liability partnerships, 28 non-profit organizations, and 12 public and foreign entities.

    Digital shift drives formalisation

    Across emerging South Asian markets, bringing trading and tech enterprises out of cash-based operations into registered corporate frameworks has been slow. Pakistan’s shift to digital-only incorporation channels has streamlined the process for startups and small trading outfits that previously operated informally.

    The regulator’s next monthly filing report will show whether September maintains this pace above 4,500 new monthly incorporations as commercial sectors prepare for seasonal fourth-quarter trading.

  • Honda Motorcycle And Scooter India Inaugurates Its 1,000th Dealership

    Honda Motorcycle And Scooter India Inaugurates Its 1,000th Dealership

    Honda Motorcycle and Scooter India recently inaugurated its 1,000th dealership in India at Zirakpur in Punjab. The 1,000th Honda Exclusive Authorised Dealer is a 4S facility. With an aggressive expansion plan, Honda has added 3,300 touch-points in the last five years across the country. At present, HMSI has a total of 6,000 touch-points in India, one of the highest for a two-wheeler manufacturer. Recently, Honda also achieved another milestone, with customers in north India crossing the 60 lakh sales mark in the company’s 18th year of operations. The 60,00,000 sales milestone has been driven by demand for Honda two-wheelers in the states of Jammu and Kashmir, Rajasthan, Punjab, Haryana, Himachal Pradesh and in Delhi and Chandigarh. For Honda, the first 10 lakh customers were added in the initial 9 years (from 2001 to 2010), but the next 50 lakh Honda customers took the same duration (2010-2019). The most recent 10 lakh Honda customers were added in a little over a year.

    Minoru Kato – President & CEO, Honda Motorcycle & Scooter India Pvt. Ltd. said, “I am delighted to be present here on milestone 1000th Honda dealer inauguration. Honda also fulfilled its commitment of providing 6000 network touchpoints to our valuable customers by the end of current financial year. This landmark achievement brings Honda closer to the hearts of its customers, who have reposed their trust in the brand.”

    Honda’s increasing customer base in India is attributed to the growing acceptance of scooters in the region. And the growing sale of scooters in the past decade has also led to a huge spurt in automatic scooters contribution to overall two-wheeler sales. In the last 10 years, automatic scooter sales have nearly doubled from 10 per cent to 19 per cent. This trend is attributed to more women joining the workforce, faster expanding road network in rural areas, and increasing demand for unisex two-wheelers which fulfil the needs of every family member. HMSI currently is the largest seller of scooters in India, and the Honda Activa is one of the highest selling two-wheelers in India.