SECP registers 773 companies in June

SECP registers 773 companies in June

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 773 companies in June, a significant growth of 28% compared to the corresponding month last year, adding to the total number of registered companies to 87,622.

Around 77% companies were registered as private limited, while around 21% as single-member, 2% as public unlisted, non-profit associations, foreign companies and limited liability partnerships.

Apart from this, two foreign companies were also registered by the Karachi CRO.

Foreign investment has been reported in 39 new companies. These companies have foreign investors from Australia, Canada, China, France, Germany, Indonesia, Japan, Jordan, Portugal, Saudi Arabia, Singapore, Syria, the UK and the US.

The highest numbers of companies, that is 261 were registered in Lahore, followed by 255 and 153 registered in Islamabad and Karachi respectively.

The CROs in Peshawar, Multan, Faisalabad, Gilgit-Baltistan, Quetta, and Sukkur registered, 30, 27, 17, 12, 10 and 8 companies respectively.

 

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