ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 480 new firms in the month of September this year, which is 18 per cent more than same period of last year.
Four foreign companies were also registered by the CROs in Islamabad, Karachi and Lahore. Around 94 percent companies were registered as private limited companies, while around 4 percent companies were registered as single member companies. Two percent of the companies were registered as public unlisted, associations’ not-for-profit, and foreign companies. Twenty-five new companies received foreign investments from countries such as Belgium, China, Germany, Hong Kong, Nigeria, Russia, Sweden, Turkey, UAE, UK and Ukraine.
These companies were from auto and allied, chemical, construction, cables and electrical goods, engineering, food and beverages, fuel and energy, power generation, trading, information technology, mining and quarrying, power generation, and transport.
During the month, the highest numbers of companies, i.e. 157, were registered at the Company Registration Office (CRO), Lahore, followed by 141 and 101 companies registered with CRO Islamabad and Karachi respectively. The CROs Peshawar, Multan, Faisalabad and Quetta registered 29, 27, 18 and 7 companies respectively.
