Economics & Business

Pakistan registers 179 companies in Nov

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 179 companies in November, pushing the total corporate portfolio to 57,183. The highest share in new incorporation – 160 is of private companies. Other companies include 8 single-member, 3 public unlisted companies, 4 non-profit associations, 3 foreign companies and one trade organization.

The trading sector has the highest incorporation of 31 companies, followed by services with 23 and construction with 10 companies. Other sectors with significant new incorporation are communication and textile sectors with 9 companies each, and tourism and broadcasting/telecasting sectors with 8 companies each.

During November, the Company Registration Office (CRO), Lahore, registered highest new incorporation of 60 companies followed by the Karachi CRO and Islamabad, registering 51 and 40 companies respectively. The remaining CROs of Peshawar and Faisalabad registered 8 companies each while 6 companies each were registered in Multan and Quetta.

The authorised capital and paid-up capital of the 179 companies is Rs1,465 million and Rs819 million respectively. During the month, 20 companies increased their authorised capital with the aggregate authorised capital increment of Rs11.32 billion and 34 companies raised their paid-up capital with the total paid-up capital increment amounting to Rs3.8 billion.

Input from Agencies

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Mian Ahsan Liaqat

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