ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) registered 2,617 new companies during September 2024, witnessing an increase of 5.7 % as compared to corresponding month of last year.
The total number of registered companies now stands at 231,111.
About 55% companies incorporated during the month were registered as private limited companies, while 41 % were registered as single member companies.
The remaining 4 % were registered as public unlisted companies, not for profit associations, trade organization (TO), and limited liability partnerships (LLP). Around 99.8 percent companies were registered online while 0.2 % were incorporated offline.
The information technology sector took the lead with incorporation of 410 companies, trading 377, services 306, real estate development & construction 237, tourism and ecommerce 125 each, food & beverages 112, education 101, mining & quarrying 98, marketing & advertisement 73, corporate agricultural farming 60, engineering 57, healthcare and textile 49 each, cosmetics & toiletries 46, chemical 42, transport 39, pharmaceutical 35, power generation 31, fuel & energy 27, auto & allied 24, lodging 21, cables & electric goods 18, communications 15, parlor and other related services, and sports -alli with 13 each, steel & allied and arts & culture 11 each, wood & wood products and paper & board 10 each, and 82 companies were registered in other sectors.
Foreign investment has been reported in 61 new companies, having foreign investors mainly from Afghanistan, Australia, Cameroon, China, France, Jamaica, Japan, Malaysia, New Zealand, Saudi Arabia, Turkey, UK and USA. Major chunk of investment was received from China with 43 companies, Turkey with 4, Afghanistan with 3, Malaysia with 02 and remaining countries with 01 company each.
