SECP registers 621 companies in November, showing a 23% rise
The Securities and Exchange Commission of Pakistan (SECP) registered a total of 621 new companies during the last month, November 2016, showing a slanted increase rated at 23% as compared to the same month last year.
As far as the sector-wise distribution is concerned, the services sector took the lead with 111 of newly registered companies.The trading sector had 78, construction with 58, information technology with 50, tourism with 43, engineering with 24, and education, fuel and energy and pharmaceutical had 17 each. About 16 companies were corporate agricultural farming enterprises while 15 were real estate development companies.
The communication and food and beverages had 14 each, textile had 13, broadcasting and telecasting had 12. The rest 122 companies were registered in other sectors. There also were a handful of foreign companies, 3, which also registered with the Company Registration Office (CRO) in Lahore and Karachi.
Around 85% of the total companies were registered as private limited companies, around 11% companies were registered as single member companies, and 4% of the companies were registered as public unlisted, association’s not-for-profit, and foreign companies.
A bunch of foreign investments were also reported from, Afghanistan, Canada, China, Germany, Lebanon, Russia, New Zealand, Srilanka, Sudan, Sweden, Singapore, Taiwan, Turkey, the UAE and the UK into 37 new companies. The target companies were from the auto and allied, cables and electric goods, communications, construction, corporate agricultural farming, engineering, fuel & energy, food and beverages, information technology, services, minerals, textiles, trading, transport and miscellaneous sector.