SECP registers 1,691 new companies in July

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The Securities and Exchange Commission of Pakistan (SECP) registered 1,691 new companies in the first month of Fiscal Year 2022.

After July’s incorporation, the total number of registered companies with SECP now stands at 173,897. Total capitalization (paid-up-capital) with regard to newly incorporated companies for July 2022 stood at Rs2.5 billion, said a Press release issued here.

Foreign investment has been reported in 44 new companies, from Afghanistan, China, Dominican Republic, Egypt, Germany, Kazakhstan Madagascar, the Netherlands, Saudi Arabia, Spain, Tanzania, Thailand, Turkey, the UK and the US.

About 59 percent companies were registered as private limited companies, while 38 percent were registered as single member companies.—APP

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