Company registrations witness 29% growth in May | Pakistan Today

Company registrations witness 29% growth in May

The Securities and Exchange Commission of Pakistan (SECP) registered 482 new limited liability companies in May, raising the total corporate portfolio to 64,159 companies.

Relative to corresponding month last year, a very healthy growth of 29% was witnessed in company registrations. In addition, the SECP granted 3 licenses to non-profit associations during the month.

Around 92 percent companies registered as private limited companies; while 4 percent companies were registered as single member companies.  Two percent of the companies have been registered as public limited companies, while 1.5 percent companies were registered as associations under Section 42 of the 1984 Companies Ordinance.

The trading sector took the lead in new registrations with the incorporation of 55 companies,  followed by services with 53, information and technology with 47, tourism with 32, construction with 26, corporate agricultural farming with 25, food and beverages and textile with 17 each, communications, education and power generation with 16, pharmaceutical with 15 and engineering with 13 companies each.

Foreign investment has been witnessed in 23 new companies. These companies have foreign investors from Afghanistan, Australia, Canada, China, France, Germany, Italy, Japan, South Korea, the Netherlands Antilles, Qatar, Saudi Arabia, Sweden, Switzerland, the UK and the US. These companies are from trading, information technology, mining and quarrying, power generation, services, textile, communications, corporate agricultural farming, engineering, fuel and energy and transport sectors.

During the month, 192 companies were registered at the Company Registration Office (CRO), Lahore, followed by 107 and 102 companies registered at CRO Karachi and Islamabad respectively. The CROs in Multan, Peshawar and Faisalabad registered 34, 21 and 15 companies respectively. The Quetta CRO registered 9, while the Sukkur CRO registered 2 companies.

In the month of May, returns for an increase in the authorized capital of 98 companies were accepted, with the total authorized capital increment of Rs11.05 billion. In addition, 88 companies filed returns for increase in the paid-up capital with a total enhancement of Rs9.77 billion.



Related posts

4 Comments

  1. Nick said:

    It is not going to be difficult to form a Ltd company, if you know how to complete the legal formalities rightfully, else, you can contact ‘Your Company Formation’ for seeking guidance and assistance.

  2. Vincent Jones said:

    You Want to Know – How to Register a company? When you want to start a business?
    If yes, so visit and follow easy step to register a company. Also you can visit Uk’s largest Formation Company and get full assistance.

  3. Laura Hampton said:

    The growth in business incorporations in Pakistan is an example of the country's commitment to development and it's great to see the numbers proving this.

    As a provider of virtual office address services in the UK (much like your other 2 commenters!) we've seen an increase in purchases from business owners in Pakistan, who invest in UK addresses to enable them to register and trade legally in the UK – thus opening up a new export market.

    With the growth of online commerce, operating outside of Pakistan on a global basis is no longer out of reach of small business owners, who may find their products are well received particularly in countries with a strong Pakistani community, like the UK. It would be interesting to see how many of these new businesses is exporting.

  4. Company Address said:

    The growth in business incorporations in Pakistan is an example of the country's commitment to development and it's great to see the numbers proving this.

    As a provider of virtual office address services in the UK (much like your other 2 commenters!) we've seen an increase in purchases from business owners in Pakistan, who invest in UK addresses to enable them to register and trade legally in the UK – thus opening up a new export market.

    With the growth of online commerce, operating outside of Pakistan on a global basis is no longer out of reach of small business owners, who may find their products are well received particularly in countries with a strong Pakistani community, like the UK. It would be interesting to see how many of these new businesses is exporting.

Comments are closed.

Top