ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,365 new companies in September 2020, indicating an increase of 69 per cent as compared to the corresponding period last year. Out of these newly registered, 68pc companies were registered as private limited companies, while 29pc were registered as single-member companies and 3pc were registered as public unlisted companies, non-profit associations, under section 43 and limited liability partnership (LLP). Interestingly, 99pc companies registered themselves online while 40pc of them were registered the same day. The trading sector took the lead with the incorporation of 414 companies, followed by construction with 294 companies. 812, were registered in Islamabad, followed by 764 and 348 companies registered in Lahore and Karachi respectively, while Peshawar, Multan, Faisalabad, Gilgit-Baltistan, Quetta and Sukkur registered 183, 97, 64, 62, 33 and 2 companies, respectively.

Source: Pakistan Today October 26, 2020 15:56 UTC