Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has reported a remarkable surge in new companies’ registrations, claims a news source on September 13.
As per the details, the accrued number of new registered companies is 2,847, pushing the country’s total registered companies to 200,629. Furthermore, this achievement marks a 20.6% increase compared to the outcome of the previous year, with a combined capitalization of PKR 3.5 billion.
SECP’s integration with government bodies resulted in 2,776 companies obtaining National Tax Numbers (NTN) from FBR, 83 registering with EOBI, 46 with PESSI/SESSI, and 49 with the excise and taxation department.
The IT sector led with 415 registrations, followed by trading with 392, real estate development & construction with 357, and various other sectors. Foreign investments flowed into 69 companies, primarily from China (33), the US (9), and Afghanistan and the UAE (4 each).
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