The Securities and Exchange Commission of Pakistan (SECP) has registered more than 1,950 new companies in November 2020, indicating an increase of 40 per cent as compared to the corresponding period last year.

Majority of companies were registered as private limited companies (71%); 26pc were registered as single-member companies; while three per cent were registered as public unlisted companies, not for profit associations, trade organizations, foreign companies and limited liability partnership (LLP).

In November, around 99pc companies were registered online; 30pc of new incorporations were completed the same day. During the month under review, 117 foreign users registered companies from overseas.

SectorCompanies registered
 in Nov
trading sector319
IT230
construction209
services198
real estate development139
orporate agricultural farming74
e-commerce73
engineering60
tourism51
education48
pharmaceutical47
market & development43
textile 40
transport35
chemical 33
healthcare31
auto & allied27
fuel & energy23
mining & quarrying23
logging22
cosmetics & toiletries21
communications17
broadcasting & telecasting16
power generation14
cables & electric goods12
steel & allied12
other65

Foreign investment has been reported in 34 new companies. These included investments from Australia, China, Germany, Iran, Italy, Kazakhstan, Korea South, Lebanon, Mozambique, the Netherlands, Russia, Spain, Switzerland, Syria, Turkey, the UAE, the UK and the US.

Around 628 were registered in Islamabad, 625 in Lahore aand 349 companies registered Karachi .

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