This surge brings the total number of registered companies to an impressive 205,456, with a cumulative capitalization of PKR 4.24 billion for the newly incorporated entities. A breakdown of the registered companies reveals that 56% opted for the private limited company structure, while 41% chose to register as single-member companies. The remaining 3% diversified into public unlisted companies, not-for-profit associations, trade organizations, limited liability partnerships (LLPs), and foreign companies. A total of 2,281 companies used the SECP eService for registration with FBR, while 61 companies secured registration with the Employees Old Age Benefit Institute (EOBI). Additionally, 27 companies obtained registration with PESSI/SESSI, and 34 companies completed the registration process with the excise and taxation departments.

Source: Libya Today November 13, 2023 17:59 UTC