Islamabad: The Securities and Exchange Commission of Pakistan (SECP) registered 2,380 new companies in November, with the real estate development and construction sector taking the lead with the incorporation of 407 companies, news sources reported on December 13.
As per the report issued by the SECP, the total capitalisation of the newly incorporated companies stood at PKR 1.9 billion. The real estate development and construction sector was followed by the information technology sector with 347 companies and trading with 300 companies. Almost all these companies were registered online.
The SECP also registered three investment or microfinance firms with a total paid-up capital of PKR 255 million. With the new registrations, the total number of registered companies has now increased to 182,598.
The increasing number of registered companies in the real estate development and construction sector suggests that the industry is experiencing a boom in November. Market analysts have associated this increased interest in real estate with the business being a lucrative investment option. It is also pertinent to mention that SECP registered a whopping 4,791 new real estate development and management firms during the current financial year (FY) 2021–22, the highest number in the last few years.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
