ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,504 new companies in June, indicating a growth of 63 per cent as compared to corresponding period last year.

The total number of registered companies increased to 145,913, a press release issued by SECP on Friday said.

Of the total companies, 99pc were incorporated online while 45pc applicants were issued registration certificates the same day. 203 new foreign users were registered from overseas. Of the newly registered companies, 65pc were registered as private limited companies, 31pc as single-member companies and 4pc as public unlisted companies, not for profit associations, foreign companies and limited liability partnership (LLP).

Total capitalisation (paid-up-capital) of newly incorporated companies for June amounted to Rs3.3 billion.

Foreign investment has been reported in 66 new companies. These companies have foreign investors from Austria, Azerbaijan, Bangladesh, China, France, Germany, Ghana, Hong Kong, Iran, Italy, Kyrgyzstan, Malawi, Mexico, the Netherlands, Nigeria, Oman, Philippines, Qatar, Russia, Singapore, Slovakia Republic, Sweden, Syria, Turkey, the UK, Uruguay and the US.

Published in Dawn, July 10th, 2021