SECP company registration increases to 169,919 through May 2022

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ISLAMABAD: The total number of companies registered with the Securities and Exchange Commission of Pakistan (SECP) has increased to 169,919 as of May 30, 2022.

The SECP registered 1,906 new businesses in May 2022. This shows an increase of 19% compared to the corresponding period last year.

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The total capitalization (paid-up capital) of the newly incorporated companies for the current month stood at 3.5 billion rupees.

Foreign investment was reported in 51 new companies from Afghanistan, Bangladesh, Canada, China, Germany, Italy, South Korea, Norway, Poland, Romania, Singapore, Sri Lanka, Thailand, United Kingdom and United States.

In May, around 63% of businesses were registered as limited liability companies, while 35% were registered as sole proprietorships. Two percent were registered as unlisted public companies, non-profit associations, foreign companies and limited liability companies (LLPs).

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About 99.8% of businesses were registered online, while 195 overseas users were registered from overseas.

The real estate development and construction sector took the lead with the incorporation of 334, trade with 282, information technology with 260, services with 172, tourism with 69, education with 65, e-commerce with 64, food and beverage and textile with 56 each, marketing and advertising with 54, agricultural agriculture with 43, transport with 42, engineering with 41, pharmaceutical with 40, health care and chemical with 31 each , mining and quarrying with 26, automotive and related with 23, power generation with 22, forestry with 21, electrical cables and appliances with 20, cosmetics and toiletries with 17, communication with 14, radio and television broadcasting with 13, fuels and energy with 12, and 98 companies were registered in other sectors.

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As a result of the SECP’s integration with the Federal Board of Revenue (FBR) and various provincial departments, 1,562 companies were registered with the FBR for National Tax Number (NTN) generation, 41 companies with the institution of old-age benefits for EOBI employees, 22 companies with PESSI/SESSI, and 26 companies with excise and taxation department, simultaneously via the SECP portal interface.

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