Islamabad: The Securities and Exchange Commission of Pakistan (SECP) registered 1,760 new companies in April 2023, out of which 228 were registered in Real Estate & Construction sector, a news source reported on May 11. The total number of registered companies was brought to 191,924.
The total paid-up capital of the companies registered in April was PKR 2.9 billion. As per the details, 57% of businesses registered were private limited companies, 41% were single-member businesses, and 2% were limited liability partnerships unlisted public companies, and not-for-profit organisations. It was mentioned that 99.8% were registered online and 70 were foreign applicants.
The news source disclosed that the Information Technology sector had 267 companies registered, Real Estate & Construction had 228, Trading had 222, Services had 194, Food & Beverages had 93, E-commerce had 68, Education had 62, Tourism 53, Textile 52, Marketing & Advertisement and Agricultural Farming has 42 each, Engineering has 36, Healthcare had 33, Chemical has 31, Pharmaceutical and Power Generation had 30 each, Mining & Quarrying has 27, Cosmetics & Toiletries had 24, Auto & Allied had 22, Broadcasting & Telecasting had 20, Communications and Fuel & Energy had 19 each, Transport had 17, Lodging had 15, Cables & Electrical Goods had 15, Paper & Board had 11, and other sectors had 87.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
