ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) enlisted 386 new firms amid the first month of the current financial year of 2016/17, an announcement said on Monday.
Around 85 percent of them have been enlisted as private restricted companies, while around 12 percent were enrolled as single part of firms,” the announcement said. “Three percent were enrolled as open unlisted, non-benefit affiliations and foreign companies.”
During the last fiscal year of 2015/16, the Securities and Exchange Commission of Pakistan registered 6,200 companies which were 24 percent more the incorporation of companies in previous fiscal.
The statement said trading sector took the lead with the incorporation of 61 new companies, followed by services with 45, construction with 42, information technology with 37, tourism with 23, engineering with 14, real estate development and auto and allied with 13 each, textile with 12, food and beverages with 11, fuel and energy and pharmaceutical with 10 each.
Ninety-five companies were registered in other sectors. Moreover, five foreign companies were also registered by the CRO in Islamabad, Karachi and Lahore, the statement said.
Foreign investment was reported in 32 new companies, which were from, Afghanistan, Australia, Canada, China, France, Italy, Kazakhstan, Malaysia, the Netherlands, Puerto Rico, Singapore, Spain, Thailand, the UK and the US.
