In the first month of FY 2023, the Securities and Exchange Commission of Pakistan (SECP) registered 1,691 new businesses.
The overall number of businesses registered with the SECP as of July’s formation is currently 173,897. Regarding the newly established firms for July, the total capitalization (paid-up capital) is Rs. 2.5 billion.
44 new enterprises have received reports of foreign investment from countries like Afghanistan, China, Egypt, Germany, Kazakhstan, Madagascar, the Netherlands, Saudi Arabia, Spain, Tanzania, Thailand, Turkey, the UK, and the United States.
About 59 percent of the companies were registered as private limited companies, while 38 percent were registered as single member companies. Three percent were registered as limited liability partnerships, overseas businesses, not-for-profit organisations, and publicly traded unlisted firms (LLP).
About 99.8 percent of companies were registered online and 144 foreign users were registered from overseas.
With 312, information technology, 245, trading, 208, services, 170, e-commerce, 65, education, 60, tourism, food and beverage, textile, 48, engineering, 43, marketing and advertising, 37, power generation, 38, corporate agricultural farming, 31 auto and allied, 30 pharmaceutical, 30 healthcare, and mining and quarrying took the lead.
1.625 companies were registered with the Federal Board of Revenue (FBR) for the generation of National Tax Numbers (NTN), 45 companies with the Employees’ Old-Age Benefits (EOBI), 47 companies with the Punjab Employees Social Security Institution and the Sindh Employees Social Security Institution (PESSI/SESSI), and 36 companies with the Excise and Taxation department as a result of the integration of the SECP with the various provincial departments.
