SECP registers 2,374 new companies in December.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) registered 2,374 new companies in December 2022. The total number of registered companies now stands at 183,744. Total capitalization (paid-up-capital) of these companies for the current month stands at Rs4.1 billion. Foreign investment has been reported in 85 new companies. These companies have foreign investors from Afghanistan, Austria, Australia, Bangladesh, China, Egypt, Ethiopia, Germany, Indonesia, Iran, Japan, Lebanon, Malaysia, Romania, Russia, South Africa, Spain, Sweden, Switzerland, Turkey, UK, USA and Vietnam. Major chunk of investment was received from China with 48 companies, Germany with 5, Afghanistan, UK and US with 4 each, Iran and South Africa with 2 each and 16 companies with other countries. In the final month of calendar year 2022, nearly 56 percent companies were registered as private limited companies, while 41 percent were registered as single member companies. The remaining three percent were registered as public unlisted companies, not for profit associations, foreign companies and limited liability partnership (LLP). Nearly 99.8 percent companies...