SECP’s Reforms Bear Fruit as 1130 Companies Register in December 2018

In December, the SECP registered 1,130 new companies.

As compared to the corresponding month of last financial year, it represents a growth of 43 percent raising the number of registered companies to 94,205.

The massive increase is the result of the SECP’s various reforms measures, i.e. introduction of a simplified combined process for name reservation and incorporation, reduction of fees, the assistance of incorporation by facilitation wings of CROs etc.

Around 74 percent of companies were registered as private limited companies, while around 24 percent were registered as single member companies. Two percent were registered as public unlisted, non-profit associations, foreign companies and limited liability partnerships (LLP).

Number of Companies Registered by Sector

  • Trading: 201
  • I.T: 138
  • Services: 136
  • Construction: 116
  • Tourism: 67
  • Education: 37
  • Food and beverages: 35
  • Real estate development: 33
  • Engineering: 32
  • Marketing & advertisement: 32
  • Corporate agricultural farming: 27
  • Pharmaceutical: 24
  • Transport: 23
  • Textile: 21
  • Chemical, fuel and energy, healthcare, and mining and quarrying: 16 each
  • Paper and board: 15
  • Communication: 14
  • Auto and allied: 12
  • Other sectors: 103

Foreign investment has been reported in 57 new companies. These companies have foreign investors from Canada, China, Greece, Hungary, Japan, Kenya, the Netherlands, New Zealand, Norway, the Philippines, Saudi Arabia, South Africa, Sri Lanka, Sweden, Switzerland, Thailand, Tunisia, the UK, the US and Vietnam.

The highest numbers of companies, i.e. 404 were registered in Islamabad, followed by 301 and 205 companies registered in Lahore and Karachi respectively. The CROs in Peshawar, Gilgit-Baltistan, Multan, Faisalabad, Quetta, and Sukkur registered, 88, 53, 47, 21, 9 and 2 companies respectively.

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