ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 5,626 new companies in 11 months and 641 in May.
During the first 11 months (July-May) of the current fiscal year 2015-16, the commission registered 5,626 new companies, an increase of 24 percent over the corresponding period last year.
A growing trend in company incorporation is the direct result of numerous facilitation measures undertaken by the SECP. Around 88 percent companies have been registered as private limited companies, while around eight percent were registered as single-member companies.
Four percent of the companies were registered as public unlisted, association’s not-for-profit and foreign companies.
The trading sector took the lead with the incorporation of 85 companies, followed by services with 67, information technology 64, construction 50, tourism 41, communication 24, fuel and energy 22, real estate development and corporate agriculture farming 21 each, food and beverages 19, engineering 18, textile and education 17 each, broadcasting and telecasting 16, power generation and pharmaceutical 14 each, transport 13, auto and allied 12, healthcare 11 and 95 companies were registered in other sectors.
Moreover, seven foreign companies were also registered by the CROs in Islamabad, Lahore and Peshawar.
Foreign investment has been reported in 45 new companies. These companies have foreign investors from Afghanistan, Australia, Canada, China, Italy, Japan, Jordan, Malaysia, Thailand, Turkey, the UK and the US.
