Engineering Post Report
As many as 2234 new companies in different sectors got registration with the Securities and Exchange Commission of Pakistan (SECP) in one month of November 2023 .Total capitalization of (paid-up capital ) with regard to these newly incorporated stood at Rs 7.74 billion.
This continued registration of new companies showed a growth of 8 percent as compared to the corresponding period of the last financial year. Total number of registered companies in the country accordingly has risen to 207854.
About 58 percent of these companies were registered as private limited companies while 39 percent were registered as single member companies and the remaining 3 percent as public limited companies.
according to the information available from SECP sources,the Information Technology and Trading sectors took the lead with registration f 313 companies each, following by Services sector 271, Real Estate Development and Construction with 243, Tourism sector with 106, Food and Beverages sector with 83, Education sector 76, Mining and Quarrying sector with 67, Marketing and Advertising sector 56, Corporate Agricultural Farming sector 52, Transport and Engineering sectors with 51 each, Commerce and Power Generation sectors with 48 each, Pharmaceuticals sector with 41, Textile sector with 38, Chemicals sector with 35, Fuel and energy sector with 32, Broadcasting and Telecasting sector with26, Lodging sector with 25, Cosmetics and Toiletries sector with 19, Communication, Paper and Board sectors with 12 each and Cables and Electrical Goods sector with 11 while 176 companies were registered in others.
Out of new companies registered in November 2023 by SECP, foreign investment was reported in 72 companies having foreign investors from a number of countries around the globe with investment in various figures. these countries include Afghanistan, Australia, Azerbaijan, China, Czech Republic, Finland, Germany, Iran, Malaysia, Mauritius , Mongolia, the Netherlands, Qatar, Saudi Arabia, South Africa, Turkey, United Arab Emirates ( UAE), UK and the USA.. Major chunk of foreign investment was received from China in 44 companies followed by Turkey 4, Azerbaijan 3, Afghanistan, Germany , Malaysia, the Netherlands and USA 2 each.
