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SECP registers 2,354 new firms

by Web Desk
April 13, 2022
in Business, Economy
0
SECP registers 2,354 new firms
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ISLAMABAD, Pakistan – In March 2022, the Securities and Exchange Commission of Pakistan (SECP) registered 2,354 new companies, bringing the total number of companies registered to 165,688. For the current month, total capitalization (paid-up capital) for newly established firms was Rs3.5 billion. In March 2022, 53 new companies were reported to have received foreign investment.

Foreign investors come from Afghanistan, Bangladesh, Belgium, Canada, China, Denmark, Germany, Ireland, Italy, Jordan, Korea South, Malaysia, the Netherlands, Norway, Saudi Arabia, South Africa, Switzerland, Thailand, the United Arab Emirates, the United Kingdom, and the United States. Nearly 63 percent of companies were registered as private limited firms in March, while 34 percent were single-member companies. The other 3% of businesses were registered as unlisted public corporations, not-for-profit organizations, trade associations, and limited liability partnerships (LLP). About 99.6% of businesses were registered online, with 215 international users registering from other countries.

With 458, information technology with 365, trading with 258, services with 232, education with 110, tourism with 72, textile with 68, corporate agricultural farming with 60, commerce, healthcare with 45, mining and quarrying with 37, transportation with 36, and 33 each, the real estate development & construction sector took the lead. 2,033 firms were concurrently registered with FBR for the creation of NTN, 47 companies with EOBI, and 16 companies with PESSI/SESSI as a consequence of the merger of SECP with FBR and other provincial departments.

Tags: 2354 new firmsForeign investorslatestlimited liability partnershipsprivate limited firmsSECPtotal capitalization
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