SECP registers over 1000 new companies last month

Securities and Exchange Commission of Pakistan (SECP) registered over one thousand new companies last month.

As compared to the corresponding month of last financial year, it represents a growth of 50 percent, raising the number of registered companies to 90,722.

Around 73 percent companies were registered as private limited companies, while around 25 percent were registered as single-member companies. Two percent were registered as public unlisted, non-profit associations, foreign companies and limited liability partnership.

The trading sector took the lead with the incorporation of 189 companies followed by construction with 142.

Foreign investment has been reported in 34 new companies. These companies have foreign investors from, Australia, Belarus, China, Denmark, Germany, Iran, Korea South, Malaysia, the Netherlands, Russia, Thailand and the United Kingdom.

The highest numbers of companies i.e. 374 were registered in Islamabad, followed by 296 and 195 companies registered in Lahore and Karachi respectively.

Source: Radio Pakistan