SECP registers 414 companies last month (Business Recorder (Pakistan))

The Securities and Exchange Commission of Pakistan (SECP) during January registered 414 new companies. Around 91 percent of these were registered as private limited companies, while around five percent registered as single member companies. Four percent of the companies were registered as public unlisted, nonofit associations and foreign companies.
The highest numbers of companies, ie 138, were registered in Islamabad, followed by 123 and 82 companies registered in Lahore and Karachi respectively. The CROs in Multan, Peshawar, Faisalabad, Quetta and Sukkur registered 28, 18, 17, 7 and one companies respectively.
The trading sector took the lead with the incorporation of 59 companies, followed by services with 49, tourism with 43, information technology with 36, construction with 20, corporate agricultural farming with 19, chemical and fuel and energy with 13 each, power generation with 12, education with 11 and communication, engineering, healthcare, real estate development and textile with 10 each companies. Moreover, 6 foreign companies were also registered at the Company Registration Offices (CROs) in Karachi, Islamabad and Lahore.
Foreign investment has been witnessed in 22 new companies. These companies have investors from Afghanistan, Australia, China, South Korea, Morocco, Saudi Arabia, Spain, the UAE and the US. These companies are from information technology, services, mining and quarrying, power generation, import/export, mineral, textile, engineering, trading, transport, real estate development, corporate agricultural farming and software development sectors.
The returns for an increase in the authorised capital of 71 companies were filed, with the total authorised capital increment of 16.67 billion rupees. In addition, 78 companies filed returns for increase in the paidup capital with the total increment amounting to 14.70 billion rupees.