ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,107 new companies in October, witnessing an increase of 26 per cent as compared to the corresponding period last year. According to the details, around 99pc companies were registered online and 34pc of applicants were registered on the same day whereas 97 foreign users registered companies from foreign countries. Similarly, around 69pc companies were registered as private limited companies, 28pc were registered as single-member companies and the remaining 3pc were public unlisted, not for profit associations, foreign companies and limited liability partnerships. 714, were registered in Islamabad, followed by 611 and 318 companies registered in Lahore and Karachi, respectively. Similarly, Companies Registration Offices (CROs) in Peshawar, Multan, Faisalabad, Gilgit-Baltistan (GB), Quetta and Sukkur registered 171, 125, 67, 53, 37 and 11 companies, respectively.

Source: Pakistan Today November 04, 2020 11:15 UTC