KARACHI: The Securities and Exchange Commission of Pakistan (SECP) registered 324 companies with the authorized and paid up capital of Rs 2.708 billion in the month of March.
According to SECP here Monday, the private companies have the highest share in the new incorporation totaling 301. In addition, 29 single-member companies, 1 public unlisted company, 5 non-profit associations and 6 foreign companies got registered.
Company Registration Office (CRO), Lahore has registered 128 companies, the CRO in Islamabad and Karachi registering 83 and 80 companies respectively.
The CROs of Multan and Faisalabad have registered 14 companies each while the CROs in Peshawar, and Quetta registered 19 and 4 companies respectively.
Of 342 companies, the highest incorporation of 51 companies was witnessed in the services sector, followed by 46 in trading, 20 in I.T., 27 in construction, 23 in Hajj and Umrah, 18 in textile, 12 in transport, 11 each in food and beverages, and transport. In addition auto and allies sector had the share of 10 companies.
The authorized capital and paid-up capital of the 324 companies was Rs 2,154.8 million and Rs 553 million respectively. During the month, 51 companies increased their authorized capital with the aggregate authorized capital increment of Rs 18.9 billion and 87 companies raised their paid-up capital with the total paid up capital increment of Rs 8.8 billion.
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