SECP registered 315 companies in November

The Securities and Exchange Commission of Pakistan (SECP) registered 315 new companies in November. Around 89% companies registered as private limited companies, while around 6%  registered as single member companies and 3% as public limited. Two percent of the companies have been registered as non-profit associations, trade organizations and foreign companies. One license has also been issued for anon-profit  during the month.

The services sector took the lead in new registrations with the incorporation of 33 companies, followed by trading with 31, tourism with 28, construction with 19, information and technology with 18, broadcasting and telecasting with 14, fuel and energy, and power generation with 13 each, and pharmaceutical with 11 companies.

Foreign investment has been witnessed in 27 new companies. These companies have foreign investors from Belgium, China, Jordan, Libya, Norway, Panama, South Africa, South Korea, Sweden, Switzerland, Tanzania, Turkey, the UK and the US.  These companies are from power generation, construction, fuel and energy, food and beverages, services, textile, broadcasting and telecasting, communications, engineering, healthcare, tourism and trading sectors.

During the month, the highest number of companies, i.e. 100, was registered at the Company Registration Office (CRO), Lahore, followed by 86 and 77 companies registered at CROs in Islamabad and Karachi respectively. The CROs in Multan, Faisalabad and Peshawar registered 22, 16 and 10 companies respectively, while the CROs in Quetta and Sukkur registered 2 companies each.

In the month of November, returns for an increase in the authorized capital of 37 companies were accepted, with the total authorized capital enhancement of Rs9.66 billion. In addition, 46 companies filed returns for increase in the paid-up capital with the total enhancement amounting to Rs6.58 billion.