SECP registers 514 companies in January
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 514 new companies in January 2016, indicating an increase of 23 percent as compared to same month of preceding year, says a press release.
In January 2016, around 89 percent companies have been registered as private limited companies, while around 8 percent companies were registered as single member companies. Three percent of the companies were registered as public unlisted, associations’ not-for-profit and foreign companies.
The services sector took the lead with the incorporation of 70companies, followed by information technology with 55, trading with 52, tourism with 41, construction with 39, food and beverages with 24, power generation with 23, fuel and energy with 18, education with 17, real estate development with 16, communications with 15, corporate agricultural farming with 13, pharmaceutical and transport with 12 each, textile with 11, paper and board with 10, 86 companies registered in other sectors. Moreover, one foreign company was also registered by the CRO in Karachi.
Foreign investment has been reported in 46 new companies. These companies have foreign investors from, China, USA, UK, South Africa, Spain, Turkey, Russia, Australia, Qatar, Singapore, Tajikistan, Afghanistan, Philippines, Canada, Saudi Arabia, Jordan, Mexico, France and UAE.
These companies are from trading, auto and allied, healthcare, education, information technology, mining and quarrying, logging, paper and board, fuel and energy, power generation, services, textile, tobacco, transport, construction, tourism, steel and allied, cables and electrical goods and miscellaneous sectors as well.
During the month, the highest numbers of companies, i.e. 173, were registered at the Company Registration Office (CRO), Islamabad, followed by 149 and 135 companies registered at CRO Lahore and Karachi respectively. The CROs in Multan, Peshawar, Faisalabad, Quetta and Sukkur registered 21, 21, 9, 3 and 3 companies respectively.