1060 Companies SECP Registration During November

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Security Exchange Commission of Pakistan

Security Exchange Commission of Pakistan

The Securities and Exchange Commission of Pakistan (SECP) got registered 1060 new companies during November 2018 with growth of 20%, when you compare it with the companies, the SECP registered during the same period of last year. Now the number of companies reached to 93,157 with this new registration.

The SECP has made various reforms measures and the massive increase in the companies. The SECP has introduced simplified combined process for name reservation and incorporation, assistance of incorporation and reduction of fee by the facilitation wings of CROs. 1060 Companies SECP Registration During November.

SECP Companies

SECP Companies

There are 72% of the companies, which are registered as private limited companies and 26% companies were registered as single member companies. There are 2% companies, which are registered as public unlisted, non-profit associations and limited liability partnership (LLP).

The trading sector is leading with incorporation of 165 companies, services with 153, construction with 120, food and beverages with 35, IT with 117, tourism with 69, real estate development with 37, corporate agriculture farming, education and marketing and advertisement with 32 each, fuel and energy with 19, engineering with 30, health care with 16, transportation with 23, textile with 15, auto and allied, communication, pharmaceutical, logging, communication, mining and quarrying with 14 each and 95 companies were registered in other sectors.

It is reported that there are 36 new companies, which have the foreign investment and these companies have the foreign investors hailing from Austria, France, Kuwait, Azerbaijan, UK, Malaysia, China, Turkey, Madagascar, Denmark, Spain, Greece, Belgium, South Korea, and Oman. There are highest numbers of companies like 408 companies, which were registered in Islamabad and after that 261 and 201 companies are registered in Lahore and Karachi respectively. The CROs in Multan got registered 58, Peshawar with 62, Quetta with 13, Faisalabad with 30, Gilgit Baltistan with 23 and Sukkur with 4 companies.

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