SECP Registered 27,542 New Companies During FY 2023-24

The Securities and Exchange Commission of Pakistan (SECP) registered 27,542 new companies during FY 2023-24, raising the total number of registered companies to 222,697. 58% were registered as private limited companies, while 39% were registered as single-member companies. The remaining 3% are registered as public unlisted companies, not-for-profit associations, and guarantee limited companies, trade organizations, limited liability partnerships (LLPs), and foreign companies. Around 99.8% of companies were registered online. Regarding incorporation, the information technology (IT) sector took the lead with 4129 companies, trading companies stood at 3666, services with 3302, real estate development and construction with 2992, tourism with 1346, education with 1177, food and beverages with 1103, e-commerce with 942, corporate agricultural farming with 780, marketing and advertisement with 620, and textile with 589. The image below shows the full breakdown of all the companies registered during the period. Additionally, mining and quarrying companies totaled 574, power generation with 560, engineering with 547, transport with 523, pharmaceutical with 497, chemical with 457, healthcare with 434, fuel and energy with 376, cosmetics and toiletries with 352, logging with 268, communications with 257, auto and allied with 242, broadcasting and telecasting with 215, paper and board with 203. The list goes on with cables and electric goods companies with 169, steel and allied with 133, sports allied with 121, arts and culture with 111, wood and wood products with 97, leather and tanneries with 68, beauty parlor and other related services with 64, footwear with 51, tobacco with 39, sugar and allied with 34, glass and ceramics with 20, vanaspati and allied with 19, finance and banking with 17, carpets and rugs, cement, and insurance with 11 each, and 415 companies were registered in other sectors. Foreign investment has been reported in 688 new companies by investors from China, Afghanistan, US, UK, Germany, UAE, Australia, Turkey, Nigeria, Norway, Canada, Saudi Arabia, Egypt, Malaysia, Singapore, Denmark, South Korea, the Netherlands, Russia, Spain, etc. The major chunk of investment was received from China with 393 companies, followed by the US with 34, Afghanistan with 32, the UK with 27, Germany with 20, UAE with 13, Australia, and Turkey with 10 each, Nigeria with 9, Norway with 8, Canada and Saudi Arabia with 7 each. Furthermore, Egypt, Malaysia, and Singapore with 6 each, Denmark, South Korea, the Netherlands, Russia, and Spain with 5 each. 75 companies received investment from other countries. 31 foreign companies from China, UAE, Turkey, Australia, Canada, Bahrain, Ethiopia, France, Germany, Hong Kong, Korea South, Norway, Saudi Arabia, and the US have established places of business in Pakistan during the financial year.