In January, SECP registered 1317 new companies. Compared to the corresponding month of last year, this represents a 9 percent growth, which includes the number of registered companies to more than 95,000.
The massive increase is the result of the various SECP reforms, that is, the introduction of a combined and simple process for naming and incorporating a name, a one-stop shop for incorporation and generation of companies. of NTN, reduction of tariffs, incorporation assistance through the provision of CRO wings, etc.
SECP Registered More than 1,300 New Companies in January 2019
About 73 percent of the companies registered as private companies, while about 24 percent are registered as one-off companies. Three percent are registered as unbranded public associations, non-profit companies, foreign companies and limited liability companies (LLP).
The commercial sector took the lead with the inclusion of 214 companies, services with 185, construction with 180, I.T. 128, tourism with 74 food and drink 43, education, marketing and advertising, and real estate development with 42 each transport with 40, corporate agricultural farming with 37, engineering 30, communications and pharmaceuticals with 24 each, textile 19, mining and quarries 18 , transmission and broadcasting, and fuel and power with 16 each, chemicals and cosmetics and toiletries each with 13 each, cables and electrical items, accommodation and power generation with 12 each one, medical care with 11 and 70 companies are registered in other sectors.
Foreign investment was reported in 61 new companies. These companies have foreign investors from China, Egypt, Germany, Hong Kong, Italy, Japan, Luxembourg, Malaysia, Morocco, the Netherlands, Qatar, Saudi Arabia, Sri Lanka, Sweden, the United Kingdom and the United States.
The largest number of companies, ie 477, registered in Islamabad, followed by 346 and 274 registered in Lahore and Karachi respectively. CRO Peshawar, Multan, Gilgit-Baltistan, Faisalabad, Quetta and Sukkur recorded 82, 56, 39, 25, 14 and 4 respectively companies.
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