ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 1,691 new companies in July with a total paid-up capital of Rs2.5bn.

After these incorporations addition, the total number of registered companies has reached 173,897.

In July, foreign investment had been reported in 44 new companies from Afghan­istan, China, Domi­nican Republic, Egypt, Germany, Kazakhstan Madag­ascar, the Nether­lands, Saudi Arabia, Spain, Tanzania, Thailand, Turkey, the UK and the US.

About 59pc companies were registered as private limited companies, while 38pc were registered as single member companies.

Three percent were registered as public unlisted companies, not-for-profit associations, foreign companies and limited liability partnership (LLP).

Moreover, about 99.8pc companies were registered online, while 144 foreign users were registered from overseas.

The real estate development and construction sector took the lead with incorporation of 312, information technology with 245, trading with 208, services with 170 and e-commerce with 66, education with 65, tourism with 60.

As a result of integration of SECP with FBR and various provincial departments, 1,625 companies were registered with FBR for generation of NTN, 45 companies with EOBI, 47 companies with PESSI/SESSI and 36 companies with excise and taxation department.

Published in Dawn, August 13th, 2022

Opinion

Editorial

Debt deferment
Updated 26 Sep, 2022

Debt deferment

Pakistan’s dollar funding needs for next 5 years have never been so large and world’s appetite to hold its hands never so poor.
Dengue concerns
26 Sep, 2022

Dengue concerns

AS weather conditions change in Pakistan, the threat of dengue looms large over the land. According to a warning...
Relic of colonialism
26 Sep, 2022

Relic of colonialism

THE law on sedition, one of several holdovers of colonial times, is among the most handy instruments for controlling...
UNGA speech
25 Sep, 2022

UNGA speech

CRISES test a nation’s resilience but also provide opportunities to rise and move forward. Prime Minister Shehbaz...
Dar’s return
Updated 25 Sep, 2022

Dar’s return

Dar will now be expected by his party to conjure up fiscal space for the govt to start spending ahead of the next elections.
Iran hijab protests
25 Sep, 2022

Iran hijab protests

FOR over a week now, Iran has been witnessing considerable tumult after a young woman died earlier this month in the...