ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,107 new companies in October, witnessing an increase of 26 per cent as compared to the corresponding period last year.
According to the details, around 99pc companies were registered online and 34pc of applicants were registered on the same day whereas 97 foreign users registered companies from foreign countries.
Similarly, around 69pc companies were registered as private limited companies, 28pc were registered as single-member companies and the remaining 3pc were public unlisted, not for profit associations, foreign companies and limited liability partnerships.Â
The trading sector took the lead with the incorporation of 341 companies, construction with 245, I.T with 231, services with 182, real estate development with 137, food and beverages with 110, tourism with 86, e-commerce with 78, corporate agricultural farming, market and development and pharmaceutical with 59 each, textile with 51, engineering with 48, education with 47, healthcare with 35, transport with 31, mining and quarrying with 26, auto and allied, and chemical with 25 each, fuel and energy with 22, logging with 21, power generation with 20, steel and allied with 19, paper and board with 16, communications, and cosmetics and toiletries with 15 each, broadcasting and telecasting, and cables and electric goods with 14 each and 76 companies.
Foreign investment from countries including Algeria, Belgium, China, Denmark, Germany, Korea South, Mexico, Singapore, Sri Lanka, Turkey, the UAE, the UK and the United States of America (USA) was reported in 35 new companies.
The highest numbers of companies, i.e. 714, were registered in Islamabad, followed by 611 and 318 companies registered in Lahore and Karachi, respectively.
Similarly, Companies Registration Offices (CROs) in Peshawar, Multan, Faisalabad, Gilgit-Baltistan (GB), Quetta and Sukkur registered 171, 125, 67, 53, 37 and 11 companies, respectively.
