Home Press Release SECP Registers 1,949 New Companies in July 2021

SECP Registers 1,949 New Companies in July 2021

269
0

According to a statement released by the Securities and Exchange Commission of Pakistan (SECP) the organization has registered a whopping 1,949 new companies in the month of July 2021 only. This has raised the total number of registered companies to 147,842. SECP has further said in a detailed statement that 99% of the companies have been registered online. Whereas, 43% were registered on the same day and there were 175 companies that registered their companies from abroad.

“Cloud Adoption Guidelines” Issued by SECP to Prevent Cyber-Attacks, learn more here.

The distribution of companies is such that 66% are private, 31% are single-member and there are 3% that are listed publicly, NGOs’s or limited liability partnerships (LLP). The paid-up capital for the month has risen to Rs2.7 billion for the month of July. It has also been reported that the there was a 63% surge in the number of registered companies for the month of June.

There are many companies which have foreign investments from Australia, Bermuda, China Denmark, Germany, Ireland, Italy, Korea South, Kuwait, the Netherlands, Oman, Philippines, Qatar, Russia, Sri Lanka, Syria, Thailand, Turkey, the UAE, UK, and the US.

It has also been reported that teh highest number of registered companies are from Islamabad which are 645 followed by Lahore which are 634 and 294 from Karachi. The highest number of companies registered were in the construction and real estate which were 313. Whereas the ones registered in trading were 279 and 243 for the IT sector. The services sector fell to 178 and e-commerce were 117.

What is CxO Global Forum?

The CxO Global Forum Network is an emerging knowledge-sharing platform of Global Thought Leaders for all C-Level The forum is to get global exposure especially in digital transformation & innovation around the globe. It is the largest Corporate Outreach Forum and has currently more than 400+ members. 

Previous articleHBL, PIA Partner-up to Provide Discounted Rates to Customers
Next articleEmpowering 25,000+ Women – “She Loves Tech” Comes Back To Pakistan