SECP registers 353 companies in February

The SECP registered 353 companies in February as compared to 356 companies during previous month. The private companies have the highest share in the new incorporations, ie, 319, followed by 21 single-member companies, 5 public unlisted companies, 3 non-profit association and 5 foreign companies.
Of the 5 foreign companies, from the US, France, UK, Spain and South Korea, 4 were registered in Islamabad while one was registered in Lahore. The nationals from Qatar, Lebanon, Australia, Portugal, Italy, North Korea, Ukraine and Panama invested in 7 new local companies.
The sector-wise breakdown shows that services sector had the highest share with 46 companies, followed by trading with 44, Hajj and Umrah services with 30, construction with 22, IT with 23, food and beverages with 16, tourism with 20, communication with 18 and broadcasting and telecasting with 10 companies. The Company Registration Office (CRO) in Lahore registered 115 companies, followed by CROs in Karachi and Islamabad registering 93 and 92 companies respectively. The remaining CROs in Peshawar, Multan, Faisalabad, Quetta and Sukkur registered 19, 18, 10, 4 and 2 companies respectively.-PR