Engineering Post Report
Total number of registered companies working in all sectors throughout the country registered with the Securities and Exchange Commission of Pakistan (SECP) following registration of another 2414 new companies in February 2023.
The total paid up capital (capitalization) of the companies incorporated in February 2023 was Rs 2.5 billion.
Approximately 57 per cent of the businesses were as private limited companies, 40 per cent as single member businesses and only 3 per cent as limited liability partnerships., not for profit organizations and unlisted public public companies. Furthermore, almost 99.9 per cent of the businesses were registered online. The new registered companies included four foreign companies ,94 companies were incorporated by the foreign users from abroad.
According to the information available from SECP sources, the real estate development and construction sector were the leading sectors with the incorporation of as many as 387 new companies followed by information technology with 335, trading with 299 and services sector with 262 companies.
Furthermore, 120 new companies were incorporated in the food and beverage sector ,followed by tourism sector 118, education sector 100 and 61 in e-commerce and engineering sectors., textiles 54 companies, corporate agricultural farming, marketing and advertisement53 each, healthcare 50, chemicals 39, pharmaceuticals 36, transport 36, auto and allied 31, power generation 30, mining and quarrying 28, lodging 27, fuel and energy 25, communications 24, cables and electrical goods 16, broadcasting and telecasting 14, paper and board 13 and 11 new companies were registered in the arts and culture areas.
Foreign investment was reported by the investors from Afghanistan, Australia, China, Germany, Ireland, Japan, Kenyra, South Korea, Malaysia, Nigeria, Singapore, Switzerland, Turkey , United Arab Emirates, United Kingdom,USA and Yemen in
56 new companies.
China was on top of the investors with investment in 27 companies followed by South Korea 05 companies, the UK, the USA with 04 each, Afghanistan and Germany 03 each, Japan and Singapore two each and another 8 companies from other countries around the globe.
