SECP reg­is­tered 490 com­pa­nies in Fe­bru­ary

The Pak Banker - - NATIONAL -

IS­LAM­ABAD: The Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan (SECP) has reg­is­tered 490 new com­pa­nies in Fe­bru­ary which is an in­crease of 7 per­cent as com­pared to the same month of the pre­ced­ing year. Around 89 per­cent com­pa­nies have been reg­is­tered as pri­vate lim­ited com­pa­nies, while around 7 per­cent were reg­is­tered as sin­gle mem­ber com­pa­nies.

Ac­cord­ing to a state­ment is­sued by SECP, four per­cent of the com­pa­nies were reg­is­tered as pub­lic un­listed, non-profit as­so­ci­a­tions and for­eign com­pa­nies. The trad­ing sec­tor took the lead with the in­cor­po­ra­tion of 68 com­pa­nies, fol­lowed by ser­vices with 63, con­struc­tion with 50, I.T. with 47, tourism with 39, power gen­er­a­tion with 24, com­mu­ni­ca­tion, food and bev­er­ages, fuel and en­ergy, real es­tate de­vel­op­ment with 14 each, education with 13, cor­po­rate agri­cul­tural farm­ing with 12, tex­tile with 11, en­gi­neer­ing, phar­ma­ceu­ti­cal and trans­port with 10 each, pa­per and board with 9 and 68 com­pa­nies reg­is­tered in other sec­tors. More­over, 5 for­eign com­pa­nies were also reg­is­tered by the CRO in Is­lam­abad and La­hore. For­eign in­vest­ment has been re­ported in 23 new com­pa­nies.

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