ISLAMABAD: The Secu­rities and Exchange Commission of Pakistan (SECP) registered 2,345 new companies in April raising the total number of registered companies to 168,030.

The total paid-up-capital with regard to newly incorporated companies for April stood at Rs3.1 billion with 65 per cent companies registered as private limited companies, 33pc as single member companies, 2pc as public unlisted companies, not for profit associations, foreign companies and limited liability partnership (LLP).

Foreign investment has been reported in 63 new companies coming from Afghanistan, Austria, Azerbaijan, Canada, China, Denmark, Dominican Republic, Germany, Ire­land, Jordan, Korea South, Philippines, Saudi Arabia, South Africa, Turkey, UAE, UK, Ukraine and the USA.

About 99.8 percent companies were registered online and 0.02 percent companies were registered offline, while 175 foreign users were registered from overseas.

As a result of integration of SECP with FBR and various provincial departments, 2,252 companies were registered with FBR for generation of NTN, 58 companies with EOBI, 2 companies with Social Security Institutions of Punjab and Sindh.

Published in Dawn, May 15th, 2022