ISLAMABAD (our Correspondent);- The Securities and Exchange Commission of Pakistan (SECP) registered 1,323 new companies in May. After this the number of registered companies crossed the 100 thousand as they reached to 1,00,532.
The SECP also registered around 73 percent companies as private limited, 24 percent as single-member. Three percent as public unlisted companies, nonprofit associations, foreign companies and limited liability partnerships.
According to the statement, The SECP registered 55 percent of the companies in the same day.
The SECP has upgraded its browser’s compatibility and now in addition to Internet Explorer, Google Chrome. It also upgraded Mozilla Firefox and Microsoft Edge, Safari and Opera in its system.
The trading sector also took the lead with the incorporation of 199 companies. 162 companies in service, I.T. with 153, construction with 136, tourism with 74, food and beverages with 59, corporate agricultural farming with 56, real estate development with 55, education with 41, marketing/advertisement, textile with 40 and engineering with 29. Twenty-three companies belong to the pharmaceutical sector, 21 to transport, 19 each to logging and mining/quarrying, 18 to fuel and energy, 15 each to broadcasting, and healthcare, auto and allied, 13 to chemical, 12 cosmetics and toiletries, 11 each to communication and power generation. Eighty-seven companies were registered in other sectors.
Foreign investors invested 67 new companies during the month of May. These companies have foreign investors from Bahrain, Chile, China, France, Germany, Indonesia, Iraq, Japan, Jordan, Korea South, Kuwait, Lebanon, Nigeria, Norway, Philippines, Saudi Arabia, Spain, Sri Lanka, Turkey, UK and the US.