SECP registers 2,220 companies in July

The Securities and Exchange Commission of Pakistan (SECP) registered 2,220 new companies in July 2023, a 25% increase from the previous year.

The total capitalization for these companies was Rs. 3.3 billion. The total number of registered companies in the country rose to 197,828.

About 57% of Pakistan’s companies are private limited companies, 41% single-member companies, and 2% not-for-profit associations, trade organizations, and LLPs. 99.7% are registered online, and three foreign companies have established business in Pakistan. 86 foreign applicants have registered from overseas, said a press release issued here on Friday.

The information technology sector took the lead with incorporation of 316 companies , trading with 309, services with 260, real estate development & construction with 252, food & beverages with 96, tourism with 91, education with 90, corporate agricultural farming with 70, ecommerce with 64, textile with 57, marketing & advertisement with 48, transport with 45, engineering with 42, healthcare with 41, pharmaceutical 36, mining & quarrying with 35, power generation with 30, lodging with 28, communications with 26, chemical with 24, cosmetics & toiletries 21, auto & allied and broadcasting & telecasting with 20 each, paper & board with 19.