The Securities and Exchange Commission of Pakistan (SECP) registered 2,847 new companies in the month of August 2023, taking the total number of registered companies in the country to 200,629.
The incorporations recorded 20.6% increase as compared to the same period last year and 99.7% were registered online. The total capitalization of these companies was recorded at Rs. 3.5 billion. Moreover, as a result of integration of SECP’s registration system with FBR and various provincial departments, 2,776 companies were registered with FBR for registration of NTN, 83 companies with EOBI, 46 companies with PESSI/SESSI, and 49 companies with excise and taxation department.
Out of the total incorporations, the information technology sector took the lead with 415 companies, followed by trading with 392, real estate development & construction (357), services (324), tourism (125), mining & quarrying (119), ecommerce (111), education (98), food & beverages (90), corporate agricultural farming (83), textile (59), marketing & advertisement (58), engineering (47), transport (43), healthcare (42), pharmaceutical (41), chemical (41), power generation (38), cosmetics & toiletries (34), auto & allied (30), lodging (29), broadcasting & telecasting (27), communications (22) paper & board (22), cables & electrical goods (13) and 191 companies were registered in other sectors.