ISLAMABAD: Total number of registered companies with the Securities and Exchange Commission of Pakistan (SECP) increased to 134,797 with new incorporation of 2,201 new companies in January 2021, a statement said on Monday.
Out of new incorporations, 98 percent companies were registered online and around 30 percent applicant’s completed incorporation process in same day.
Around 69 percent companies were registered as private limited companies. About three percent were registered as public unlisted companies, not for profit associations, foreign companies and Limited Liability Partnership (LLP). During the month of January 2021 about 66 foreign users completed registration from overseas.
Top five sectors in the month of January 2021 include the trading sector with 314 incorporations, information technology with 269, construction 227, services and allied 188, and e-commerce with 79, while 1124 companies were registered in other sectors.
Foreign investment has been reported in 44 new companies from China, Malaysia, Sweden, South Africa, Norway, Netherlands, Turkey, the UK and the US.
The statement said that the SECP’s newly established business center recorded 24 percent growth in incorporation of new companies by registering 837 new companies in January 2021. The SECP said that it was the highest ever incorporation by a single Company Registration Office (CRO).
The SECP business center in Islamabad is a well-equipped office to promptly process applications for incorporation of companies. It has improved the overall user experience with a perspective of providing ease of doing business in Pakistan.
The highest numbers of companies were registered at business center Islamabad, followed by 623 and 319 companies registered in CRO Lahore and Karachi respectively.
The CRO in Peshawar, Multan, Faisalabad, Gilgit – Baltistan, Quetta and Sukkur registered 156, 122, 56, 53, 22 and 13 companies, respectively.
