The Securities and Exchange Commission of Pakistan registered 2,595 new companies in March 2023, raising the total number of registered companies to 190,16, said a news release issued here on Friday.
Total capitalization (paid-up capital) with regard to newly incorporated companies for the current month stood at Rs 1.8 billion.
About 58 percent of companies were registered as private limited companies, while 39 percent were registered as single-member companies.
Around three percent of companies were registered as public unlisted companies, not-for-profit associations, and limited liability partnerships.
Almost 99.69 percent of companies were registered online and 159 foreign users were registered from overseas.
The information technology sector took the lead with the incorporation of with 397 Companies, real estate development & construction 385 each, trading with 339, services with 282, education with 121, tourism with 106, food & beverages with 96, e-commerce 74, marketing & advertisement with 72, textile with 62, corporate agricultural farming 51, engineering with 49, mining & quarrying with 48, healthcare with 44, pharmaceutical 39, power generation with 37, cosmetics and toiletries and chemical with 34 each, transport with 33, cables and electrical goods and broadcasting & telecasting with 26 each, communications with 25, fuel & energy with 24, paper & board with 20, auto & allied with 19, lodging with 18, arts and culture with 13 and 122 companies were registered in other sectors.—APP
