ISLAMABAD: The SECP registered 248 companies in November, with private firms having the highest share in new incorporations totalling 210 followed by 27 single-member companies, four non-profit organisations and three foreign concerns.

Of the three foreign companies, one is Turkish company which was registered in Lahore and two from the U.S. and New Zealand were registered in Islamabad.

Foreign investment by nationals of Cyprus and South Korea was observed in two new local companies dealing in engineering and textile.

According to sector-wise position, trading sector has the new incorporation of 37 companies followed by services with 30 companies, construction with 20, IT with 17, food and beverages 11 companies, education 10 companies, pharmaceuticals, textile and tourism with nine companies each and communications and corporate agricultural farming eight companies each.

The Company Registration Office (CRO), Lahore, registered 82 companies followed by 79 and 55 companies registered by CROs in Islamabad and Karachi.

The Peshawar and Multan CROs registered 12 and eight companies while Faisalabad and Quetta CROs registered six companies each.

The authorised capital and paid-up capital of 248 companies is Rs1.32 billion and Rs320.88 million, respectively.

During November, 21 companies increased their authorised capital with aggregate authorised capital increment of Rs489 million, and 37 companies raised paid-up capital with total paid-up capital increment amounting to Rs4.87 billion.