Pakistan (PK)

Jurisdiction Overview

470 *LO Record: Does the registration of domestic companies comprise legal owner's identity information? No. Companies available without recorded legal ownership information.
 Data Date: 2016


"All domestic companies are required to provide information on their founders upon registration with the SECP [Securities and Exchange Commission of Pakistan] and annually report any changes in shareholders subsequently." (GF 2016: 33; [TJN's-note]).
However, "It can be concluded that although Pakistani authorities carry out supervisory and enforcement measures, these do not result in sufficient levels of compliance to ensure that the relevant ownership information in respect of domestic and foreign companies is in all cases available in practice.[...] the low compliance rate with filing obligations in combination with limited inspection of ownership information and enforcement (which also does not include striking off of non-compliant entities) do not ensure that the information is available as required under the law in all cases." (GF 2016: 34, 46).


GF 2016: 33-34, 41, 46