Islamabad, October 12, 2023 –Securities and Exchange Commission of Pakistan (SECP) has reported that the total number of registered companies in Pakistan has reached 202,892 by the end of September 30, 2023.
During the month of September 2023, the SECP registered 2,477 new companies, contributing to this milestone.
These newly incorporated companies have a total paid-up capital of Rs. 1.59 billion. The distribution of these new companies includes private limited companies accounting for 58%, single-member companies at 39%, and 3% registered as public unlisted companies, not-for-profit associations, trade organizations, and limited liability partnerships (LLP).
Additionally, one foreign company has established a place of business in Pakistan, and 92 applicants incorporated companies from overseas using eService. Almost 99.7% of these companies were registered online. Furthermore, as a result of SECP’s integration with the Federal Board of Revenue (FBR) and various provincial departments, 2,389 companies registered with FBR for NTN (National Tax Number), 62 companies with the Employees’ Old-Age Benefits Institution (EOBI), 34 companies with Punjab Employees’ Social Security Institution (PESSI) and Sindh Employees’ Social Security Institution (SESSI), and 40 companies with the excise and taxation department.
The information technology sector led the way with 347 company incorporations, followed by trading with 308, services with 282, real estate development and construction with 278, tourism with 123, education with 106, food and beverages with 100, e-commerce with 75, mining and quarrying with 70, textile with 60, corporate agricultural farming with 59, marketing and advertisement, and pharmaceuticals with 49 each. Other sectors also saw notable incorporations.
Furthermore, foreign investment has been reported in 82 new companies, with investors from various countries including Afghanistan, Australia, Bahrain, China, Denmark, France, Indonesia, Japan, Kenya, South Korea, Kuwait, Malaysia, Mongolia, Nigeria, Norway, Portugal, Romania, Russia, Spain, the UAE, the UK, the USA, and Vietnam. The majority of investment came from China with 47 companies, followed by the UK with 6, the USA with 5, South Korea with 3, and several other countries with 2 companies each.
These statistics demonstrate a positive trend in company incorporations, both domestically and internationally, reflecting Pakistan’s growing business landscape and its attractiveness to foreign investors across various sectors.
