SECP registers 2,354 new companies in March.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) registered 2,354 new companies in March 2022, raising the total number of registered companies to 165,688.

Total capitalization (paid-up-capital) with regards to newly incorporated companies for the current month stood at Rs 3.5 billion, said a press release issued here.

Foreign investment has been reported in 53 new companies during March 2022. These companies have foreign investors from Afghanistan, Bangladesh, Belgium, Canada, China, Denmark, Germany, Ireland, Italy, Japan, Jordan, Korea South, Malaysia, the Netherlands, Norway, Saudi Arabia, South Africa, Switzerland, Thailand, UAE, the UK and the USA.

In March, nearly 63 percent companies were registered as private limited companies, while 34 percent were single member companies. Remaining 3 percent companies were registered as public unlisted companies, not for profit associations, trade organizations and limited liability partnership (LLP). About 99.6 percent companies were registered online and 215 foreign...