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SECP Registers 2,354 New Companies in March 2022

secp registers 2,354 new companies in march 2022

The Securities and Exchange Commission of Pakistan (SECP) registered 2,354 new companies in March 2020. This brought the total number of registered companies to 165,688.

Thousands of newly incorporated companies have been registered, with a total capitalization of Rs. 3.5 billion.

53 companies have been founded in March by foreigners. These companies have been established by people from Afghanistan, Bangladesh, Belgium, Canada, China, Denmark, Germany, Ireland, Italy, Japan, Jordan Korea South.

In March, nearly 63 percent of companies were private limited companies. Thirty-four percent were single-member companies. The remaining 3% registered as public unlisted companies, not for profit associations, trade organizations, and limited liability partnerships (LLP). About 99.6% registered online, and 215 foreign users had registered.

The real estate development and construction sector took the lead with the incorporation of 458, information technology with 365, trading with 258, services with 232, education with 110, food and beverages with 75, tourism with 72, textile with 68, corporate agricultural farming with 60. Engineering had 57 incorporations as well as commerce and marketing and advertisement.

The integration of SECP with the Federal Board of Revenue (FBR) and various provincial departments has generated 2,033 National Taxation Numbers (NTNs), 47 Employees’ Old-Age Benefits Institution (EOBI) National Numbers, 16 Punjab Employees Social Security Institution (PESSI) and Punjab Employees Social Security (PSSI) National Numbers.

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