ISLAMABAD: As many as 426 companies have been registered with the Securities and Exchange Commission of Pakistan (SECP) during the month of May this year.
According to the SECP, around 90 per cent of companies have been registered as private limited companies, around 5pc as single-member and 5pc as public unlisted, non-profit associations, trade organisations and foreign companies.
The services sector led with incorporation of 59 companies, followed by trading with 46, information technology with 44, tourism with 30, construction with 23, corporate agricultural farming with 18, food and beverages with 17, education and engineering with 16 each, power generation with 15, textile with 12, chemical, communications, paper and board with 10 each companies, 2 foreign companies were also registered by Islamabad CRO.
Foreign investment has been reported in 24 new companies from China, Denmark, Japan, Nigeria, Norway, Palestine, Turkey, UAE, UK and the US. These companies are from power generation, services, cables and electric goods, tourism, engineering, communications, trading, information technology, paper and board, food and beverages, construction and chemical sectors.
During May, 155 companies were registered at Company Registration Office (CRO) Lahore, followed by 109 and 85 in Islamabad and Karachi respectively.
The CROs in Multan registered 30 companies, Peshawar 28, Faisalabad 12, Quetta six and one company was registered at Sukkur office. While 279 companies filed returns for increase in the paid-up capital with the total increment amounting to Rs5.7 billion during the month under review. Around 288 companies filed returns for an increase in the authorised capital with the total increment of Rs43.7 billion.
