Securities and Exchange Commission of Pakistan registered 338 companies in April

ISLAMABAD –– The Securities and Exchange Commission of Pakistan (SECP) has registered 338 companies in April, whereas 342 companies were incorporated last month and 322 in the corresponding month of last year.

The private companies have a major share in new incorporation totalling 306 companies. In addition, 22 single-member companies, 2 public unlisted companies, 5 non-profit associations and 3 foreign companies have been registered.

The highest new incorporation of 97 companies took place at the Company Registration Office (CRO) Lahore followed by CRO Islamabad and Karachi registering 89 and 88 companies, respectively. The remaining CROs in Quetta, Peshawar, Multan, Faisalabad and Sukkur registered 20, 18, 13, 12 and 1 companies respectively.

The sector-wise breakdown shows that 57 companies were registered in the trading sector, followed by 52 in services, 25 in communications, 17 in IT, 14 in textile, 13 in construction, 12 in engineering, 11 each in broadcasting and telecasting, and transport, and 10 in cable and electrical goods.

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