SECP Registers 1,691 New Companies In July 2022
Mohammad Ali (@ChaudhryMAli88) Published August 15, 2022 | 06:10 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 15th Aug, 2022 ) :The Securities and Exchange Commission of Pakistan (SECP) registered 1,691 new companies in the first month of Fiscal Year 2022.
After July's incorporation, the total number of registered companies with SECP now stands at 173,897.
Total capitalization (paid-up-capital) with regard to newly incorporated companies for July 2022 stood at Rs2.5 billion, said a Press release issued here.
Foreign investment has 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 59 percent companies were registered as private limited companies, while 38 percent 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). About 99.8 percent companies were registered online, while 144 foreign users were registered from overseas.
The real estate development & construction sector took the lead with incorporation of 312, information technology with 245, trading with 208, services with 170, e- commerce with 66, education with 65, tourism with 60, food & beverages with 57, textile with 48, engineering with 43, marketing & advertisement with 41, corporate agricultural farming with 38, power generation with 37, auto & allied with 31, pharmaceutical with 30, healthcare, and mining & quarrying with 26 each, chemical with 25, transport with 20, logging with 16, broadcasting & telecasting, and paper & board with 13 each, cables & electric goods, and fuel & energy with 12 each and 77 companies were registered in other sectors.
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.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
Today Gold Rate in Pakistan 19 April 2024
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
More Stories From Business
-
Exchange rates for currency notes
42 minutes ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 19 April 2024
1 hour ago -
Foreign exchange rates
1 hour ago -
Today Gold Rate in Pakistan 19 April 2024
2 hours ago -
Oil jumps more than 3% on Middle East worries
2 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
2 hours ago
-
Pakistan's total liquid foreign reserves reach $ 13.37 billion
12 hours ago -
Stock markets rise as traders consider US rate outlook
13 hours ago -
Business community alarmed by alleged Cigarette tax violations
14 hours ago -
High FED on cigarettes demonstrates positive impact
14 hours ago -
PTCL posts 14 % revenue growth
13 hours ago -
Prudent policies, reforms poised to result in sustainable economic growth: Governor State Bank of Pa ..
14 hours ago