December 13, 2022: The Securities and Exchange Commission of Pakistan (SECP) registered 2,380 new companies in November 2022, raising the total number of registered companies to 182,598, a press release showed.
This shows an increase of 10% as compared to the corresponding period last year. Total capitalization (paid-up capital) of the newly incorporated companies is Rs1.9 billion.
Furthermore, 59% were registered as private limited companies, 39% as single member companies, and 2% were public unlisted companies, not-for-profit associations, trade organizations, and limited liability partnerships (LLP). Nearly, 99.9% of companies were registered online.
In November, the SECP also registered three investment companies/microfinance companies with paid-up capital of Rs255 million.
The real estate development & construction sector took the lead with the incorporation of 407 companies followed by information technology 347, trading 300, services 258, food & beverages 87, education 82, tourism 81, corporate agricultural farming 76, eCommerce 70, marketing & advertisement 63, engineering 62, textile 57, pharmaceutical 50, healthcare 43, mining & quarrying 38, a chemical 37, fuel & energy 35, transport 31, power generation 30, communications 27, cosmetics and toiletries and lodging 18 each, broadcasting & telecasting 14, auto & allied and paper & board with 13, cables and electrical goods 12, arts and culture 9, and 102 companies in other sectors.
Foreign investment has been reported in 85 new companies from Afghanistan, Austria, Australia, Canada, China, Germany, Hongkong, Jordan, Korea South, Mauritius, Nigeria, Norway, Oman, Singapore, South Africa, Spain, Tunisia, Turkey, UAE, UK, and the US.
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Posted on: 2022-12-13T09:44:59+05:00