SECP Registers Over 2,900 New Companies in August 2024

The Securities and Exchange Commission of Pakistan (SECP) registered 2,933 new companies during August 2024, marking a 3 percent increase compared to the corresponding month last year and signifying the highest number of companies incorporated in a single month. The total number of companies registered with SECP now stands at 228,494. Around 56 percent of companies incorporated during the month were registered as private limited companies, 41 percent as single-member companies, and the remaining 3 percent as public unlisted companies, not-for-profit associations, and limited liability partnerships. Around 99.8 percent of companies were registered online. The information technology sector took the lead with the incorporation of 431 companies, trading with 401 companies, services with 367, real estate development & construction with 269, tourism with 144, e-commerce with 133, food & beverages with 122, education with 113, marketing & advertisement with 75, mining & quarrying with 64 and healthcare with 62. Furthermore, pharmaceutical with 58, textile, and transport with 56 each, power generation with 54, engineering with 53, chemical with 52, corporate agricultural farming with 51, fuel & energy with 49, cosmetics & toiletries with 45, auto & allied with 36, cables & electric goods with 32, communications with 27, lodging with 24, paper & board with 17, sports & allied with 16, arts & culture with 12 and 114 companies were registered in other sectors. Foreign investment has been reported in 63 new companies, mainly received from Afghanistan, Australia, China, Germany, Libya, Malaysia, Sudan, Sir Lanka, Switzerland, Turkey and Vietnam. The major chunk of investment was received from China in 45 companies, Afghanistan, and Malaysia with 4 each, Germany with 3, and the remaining countries with 1 each.