ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 1,956 new companies in November, indicating year-on-year increase of 41 per cent.

Of the new incorporations 71pc were registered as private limited and 26pc as single member companies during the month. While the rest of three per cent were registered as public unlisted companies, not-for-profit associations, trade organisations, foreign companies and limited liability partnership (LLP).

During the month, around 99pc companies were registered online, while 30pc of new incorporations completed same day, while 117 firms were registered from overseas.

The trading sector took the lead with the incorporation of 319, IT with 230, construction with 209, services with 198, real estate development with 139, corporate agricultural farming, & food and beverages with 74 each, ecommerce with 73, engineering with 60, tourism with 51, education with 48, pharmaceutical with 47, market & development with 43, textile with 40, transport with 35, chemical with 33, healthcare with 31, auto & allied with 27, fuel & energy, and mining & quarrying with 23 each, logging with 22, cosmetics & toiletries with 21, communications with 17, broadcasting & telecasting with 16, power generation with 14, cables & electric goods, and steel & allied with 12 each, and 65 companies were registered in other sectors.

Published in Dawn, December 16th, 2020