The Securities and Exchange Commission of Pakistan (SECP) registered
415 new limited liability companies in December, raising the total
corporate portfolio to 62,932 companies. Relative to the corresponding
month of last year, 25% growth has been witnessed in company
registration.
In addition, the SECP granted licenses to 5 non-profit associations.
Around 91% of companies registered as private limited companies, while
around 6% of them registered as single-member companies. About 1% of
the companies have been registered as public limited companies, as
foreign companies and associations under Section 42 of the 1984
Companies Ordinance, each, during the month.
The services sector took the lead in new registrations with the
incorporation of 49 companies, this month, followed by trading with
47, tourism with 39, construction and information and technology with
30 each, transport with 18, communications with 17 and corporate
agricultural farming with 16 companies.
The foreign investment has been witnessed in 16 new companies. These
companies have foreign investors from Austria, China, Czech Republic,
Egypt, Germany, Hong Kong, Iran, Italy, Netherlands, Panama and the
UAE. These companies are from corporate agricultural farming, fuel and
energy, information technology, mining and quarrying, power
generation, services, sugar and allied, textile, trading and transport
sectors
.
The highest number of companies, i.e., 136, was registered at the
Company Registration Office (CRO) in Lahore. It is followed by the
CROs in Islamabad and Karachi, registering 109 and 102 companies
respectively. The Multan and Peshawar CROs registered 28 and 23
companies respectively, while the CROs in Faisalabad, Quetta
registered 12 and 5 companies respectively.
During the month, the returns for increase in the authorized capital
of 73 companies were accepted, with the total authorized capital
increment of Rs9.9 billion. In addition, 89 companies filed returns
for increase in the paid-up capital to the tune of Rs8.22 billion.
415 new limited liability companies in December, raising the total
corporate portfolio to 62,932 companies. Relative to the corresponding
month of last year, 25% growth has been witnessed in company
registration.
In addition, the SECP granted licenses to 5 non-profit associations.
Around 91% of companies registered as private limited companies, while
around 6% of them registered as single-member companies. About 1% of
the companies have been registered as public limited companies, as
foreign companies and associations under Section 42 of the 1984
Companies Ordinance, each, during the month.
The services sector took the lead in new registrations with the
incorporation of 49 companies, this month, followed by trading with
47, tourism with 39, construction and information and technology with
30 each, transport with 18, communications with 17 and corporate
agricultural farming with 16 companies.
The foreign investment has been witnessed in 16 new companies. These
companies have foreign investors from Austria, China, Czech Republic,
Egypt, Germany, Hong Kong, Iran, Italy, Netherlands, Panama and the
UAE. These companies are from corporate agricultural farming, fuel and
energy, information technology, mining and quarrying, power
generation, services, sugar and allied, textile, trading and transport
sectors
.
The highest number of companies, i.e., 136, was registered at the
Company Registration Office (CRO) in Lahore. It is followed by the
CROs in Islamabad and Karachi, registering 109 and 102 companies
respectively. The Multan and Peshawar CROs registered 28 and 23
companies respectively, while the CROs in Faisalabad, Quetta
registered 12 and 5 companies respectively.
During the month, the returns for increase in the authorized capital
of 73 companies were accepted, with the total authorized capital
increment of Rs9.9 billion. In addition, 89 companies filed returns
for increase in the paid-up capital to the tune of Rs8.22 billion.
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