Securities and Exchange Commission of Pakistan incorporates 448 companies in October 2015

Islamabad, November 10, 2015 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has registered 448 new companies during October 2015, witnessing an increase of 27 percent as compared to the same month of last year. Around 92 percent companies have been registered as private limited companies, while around five percent companies were registered as single member companies. Three percent of the companies were registered as public unlisted, associations’ not-for-profit and foreign companies.

The services sector took lead with the incorporation of 54 companies, followed by trading with 53, construction with 41, tourism with 33, information technology with 27, broadcasting and telecasting with 21, education with 20, pharmaceutical with 15, power generation, food and beverages, transport and communications with 13 each, corporate agricultural farming and engineering with 12 each, textile and real estate development with 11 each, fuel and energy with 10 and 76 companies registered in other sectors. Moreover, 6 foreign companies were also registered by the CROs in Islamabad and Karachi.

Foreign investment has been reported in 20 new companies. These companies have foreign investors from Belgium, Canada, Cayman Island, China, Denmark, Germany, Lebanon, Mexico, Turkey and the USA. The field of investment related to construction, education, fuel and energy, mining and quarrying, power generation, services and trading sectors.

During the month, the highest numbers of companies, i.e. 151, were registered at the Company Registration Office (CRO), Karachi, followed by 138 and 116 companies registered at CRO Islamabad and Lahore respectively. The CROs in Peshawar, Multan, Faisalabad and Sukkur registered 17, 14, 9 and 3 companies respectively.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)
Fax: +92-51-9206459
Cell: +92-302-8552254
E-mail: shakil.chaudhary@secp.gov.pk
Website: www.secp.gov.pk