Islamabad October 11 2021: The Securities and Exchange Commission of Pakistan (SECP) registered 2,223 new companies in September 2021, up by 20 percent over the same period in the preceding year.
Total capitalization (paid up capital) of the new companies stood at PKR 2.8 billion and the total number of registered companies has risen to 1,52,089. Private Limited companies accounted for 65 percent of the new incorporations, whereas 32 percent were registered as single-member. Remaining 3 percent were registered as public unlisted companies, not for profit associations, trade organizations and limited liability partnership (LLP). Approximately 99 percent companies were registered online and 210 foreign users were registered from overseas.
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Sector-wise, construction & real estate sector took the lead with the incorporation of (377) companies, followed by information technology (316), trading (310), services (209), food & beverages sector (85), textile (74), ecommerce (74), education (66), market & development (54), corporate agricultural farming (53), pharmaceutical (52), engineering (46), healthcare (45), tourism (43), auto & allied (38), chemical (38), transport (37), mining & quarrying (3) and power generation (30), paper & board (27), logging (26), cosmetics & toiletries (23), fuel & energy (19), cables & electric goods (18), communications (17), steel & allied (16), and wood products (16) and broadcasting & telecasting (15) and 69 companies were registered in other sectors.
Foreign investment has been reported in 61 new companies, reporting foreign investors from Australia, Canada, China, Dominican Republic, Germany, Hong Kong, Iraq, Jordan, Korea South, Paraguay, Qatar, Russia, Saudi Arabia, Spain, Switzerland, Taiwan, Turkey, UAE, UK, the USA and Zambia.