In November 2022, the Securities and Exchange Commission of Pakistan (SECP) registered 2,380 new firms, a 10 percent increase compared to the same month the previous year.
The total paid-up capital (capitalization) of the newly established businesses is Rs 1.9 billion.
The current total number of registered firms is 182,598.
Approximately 59 percent of newly formed firms were private limited corporations, 39 percent were single-member companies, and 2 percent were public unlisted companies, non-profit associations, trade organisations, and limited liability partnerships (LLP).
Approximately 99.9% of businesses were registered online.
In November, the SECP also registered three microfinance/investment businesses with a total paid-up capital of Rs 255 million.
In November, the real estate development & construction sector incorporated the most firms (407), followed by the information technology sector (347) and the trading sector (300).
Consequently, services with 258, food & beverages with 87, education with 82, tourism with 81, corporate agricultural farming with 76, ecommerce with 70, marketing & advertising with 63, engineering with 62, textile with 57, pharmaceutical with 50, healthcare with 43, mining & quarrying with 38, chemical with 37, fuel & energy with 35, transport with 31, power generation with 30, communications with 27, cosmetics and toiletries and lodging with 18 each, broadcasting & telecommunications with
In 85 new enterprises from Afghanistan, Austria, Australia, Canada, China, Germany, Hongkong, Jordan, South Korea, Mauritius, Nigeria, Norway, Oman, Singapore, South Africa, Spain, Tunisia, the United Arab Emirates, the United Kingdom, and the United States, foreign investment has been reported.
As a result of SECP’s eServices integration with the Federal Board of Revenue (FBR) and various provincial departments, 2,211 companies were registered with the FBR for generation of National Tax Number (NTN), 57 companies were registered with the Employees Old-Age Benefits Institution (EOBI), 32 companies were registered with PESSI/SESSI, and 43 companies were registered with the excise and taxation department.