SECP enrols 2,864 companies in July

The Securities and Exchange Commission of Pakistan registered 2,864 new companies in July, according to the data released by SECP on Monday. This signalled an increase of 25 per cent from the corresponding month last year and marked the highest number of companies ever registered in a month. The total number of registered companies now stands at 225,561. About 58 per cent were registered as private limited companies in July, 39pc as single-member and the remaining 39pc as public unlisted companies, not-for-profit associations, trade organisations, and limited liability partnerships. Almost cent per cent enrolments were done online. The information technology sector took the lead with 471 incorporations, trading 364, services 362, real estate development and construction 284, tourism 164, food and beverages 139, e-commerce 120, education 111, textile 65, marketing and advertisement 64, corporate agricultural farming 63, chemical 53, healthcare, and power generation 51 each.