SECP registers 4,761 new companies in August

Business Recorder reported that the SECP recorded 4,761 new company registrations across Pakistan in August, with the regulator announcing the figure in a Friday statement. With the latest additions, the total number of companies on the register has climbed to 311,765. Nearly all of the registrations, 99.9%, were completed online during the month.

Private companies made up 2,762 of the new firms, while single-member companies accounted for 1,846. By sector, information technology led with 872 registrations, with trading next at 732, services at 601, construction at 295 and tourism at 232. Punjab topped the regional tally with 2,547 new companies, ahead of Islamabad at 843, Sindh at 702 and Khyber Pakhtunkhwa at 407.

Three foreign companies also entered Pakistan, and 134 foreign investors put money into newly registered firms during August, including 106 Chinese investors. The SECP also noted that July had seen a record 5,438 new registrations, which included five international companies opening offices in Pakistan.