2,477 new companies registered with SECP last month.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in September 2023, bringing the total number of companies in Pakistan to 202,892. The total capitalization (paid up capital) of newly incorporated companies stood at Rs. 1.59 billion, says a Press release. Private limited companies accounted for 58 percent of new incorporations, followed by single-member companies at 39 percent and 3 percent were registered as public unlisted companies, not-forprofit associations, trade organizations and limited liability partnerships (LLP). One foreign company has also established a place of business in Pakistan, while 92 applicants incorporated companies from overseas using eService.

Almost 99.7 percent of companies were registered online. In addition, as a result of integration of SECP with FBR and various provincial departments, 2,389 companies were registered with FBR for registration of NTN, 62 companies with EOBI, 34 companies with PESSI/SESSI and 40 companies with excise and taxation department. Information technology sector took the lead with incorporation with 347 companies, trading with 308, services with 282, real estate development and construction with 278, tourism with 123, education...