ISLAMABAD, Pakistan: The Securities and Exchange Commission of Pakistan (SECP) registered 481 new companies during the month of September 2016.
Around 87 percent companies have been registered as private limited companies while around 11 percent companies were registered as single member companies.
Three percent of the companies were registered as public unlisted, association’s not-for-profit and foreign companies, said a statement issued in Islamabad on Friday.
The service sector took the lead with the incorporation of 80 companies, followed by trading with 62, information technology with 43, construction with 42, tourism with 29, food and beverages with 21.
Real estate development with 17, fuel and energy with 16, corporate agricultural farming and pharmaceutical with 13 each, education with 12, textile with 11, power generation and engineering both with 10 and 102 companies were registered in other sectors.
Moreover, 5 foreign companies were also registered by the CRO in Islamabad, Lahore and Karachi.
Foreign investment has been reported in 37 new companies. Foreign investors were from, Afghanistan, China, France, Germany, Japan, Kyrgyzstan, Lebanon, Malaysia, Singapore, Sri Lanka, turkey and the UK. These companies are linked to chemical, communications, construction, corporate agricultural farming, education, fuel and energy, glass and ceramics, information technology, mining and quarrying, pharmaceutical, power generation, services, trading, transport, and miscellaneous sector.
During the month, the highest numbers of companies, i.e. 175, were registered at the Company Registration Office (CRO), Lahore, followed by 137 and 103 companies registered at CRO Islamabad and Karachi respectively.
The CROs in Faisalabad, Multan, Peshawar and Quetta and registered 17, 16, 28 and five companies respectively.
