Panitan proudly claims to be the "Home of the Professionals." They traditionally honor their yearly batch of graduations through a big annual "Summer Affair" managed by the college students, who call themselves the "PANITAN VARSITARIANS." The affair is now on its Fiftyeth (50th) year. Panitan posted a total population of 39, 094 for the year 2008 as per 10-year Comprehensive Land Use Plan & Municipal Profile based on 1980-1995 (1.25%) growth rate based on the Census of Population. Barangay Timpas has the most population of 3,516 or 9.19% of the total population, while the least populated barangay is Agbabadiang with only 484 persons or 1.2%. Panitan has an area of 8,988 hectares, so, it has a population density of 3.7 persons per hectare.
Panitan has already climbed the first step of the ladder of industrialization due to the presence of Asia Pacific Aquamarine, Inc., in Timpas, Panitan, Capiz. Other light industries such as rice mills also exist. Founded in 1800 by the malay brothers Danao and Dalhog, Panitan prides itself as one of the oldest towns in Capiz. Its original settlement was at Sitio Capul-an, near the banks of lake Danao. It was only after the Spanish colonization, that it was transferred to its present location. Legends tell how the town got its name. It was known by the name "IPIONG" (YPION) before the arrival of the Spaniards. The present name accounts for two etymologies: one folkloric & another, scientific. According to an oral tradition, that when the Spaniards came, they asked from the farmers working in the field peeling off the bark of the tree originally to be discharged for firewood. They asked in Spanish "Como se llama el pueblo este lugar ?, asked the Spaniards. Thinking that they were asked what they were doing, they answered back without hesitations … PANITAN, meaning to peel off.
So, from then on, PANITAN became the official name of the village as listed by the Spanish overlords. But for historians like Fr. Juan Fernandez, OSA in his "Monografias De Los Pueblos De La Isla De Pan-Ay" The word "Panitan" comes from a local fish called "Apnit" (Annona rufa), which is abundant in this town like in the common conversation: "Pacain ca? Paapnitan ako" (are you going to serve a meal? I want apnit). By word of mouth Pappnitan has become a by word and is always said by the natives so that when the Spaniards came they adapted it and make it Panitan due to the difficulty on their part to say the word Paapnitan.