2,504 new COs registered by SECP in June 2021

2,504 new COs registered by SECP in June 2021
2,504 new COs registered by SECP in June 2021

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said it had registered 2,504 new companies in June 2021, showing a growth of 63 percent as compared to the corresponding period last year.

The total number of registered companies increased to 145,913. Ninety-nine percent of these were incorporated online and 45 percent applicants were issued registration certificates the same day, whereas 203 new foreign users were registered from overseas.

Of the newly registered companies, 65 percent were registered as private limited companies, 31 percent as single member companies and four percent as public unlisted companies, not for profit associations, foreign companies and limited liability partnership (LLP). Total capitalisation (paid-up-capital) of newly incorporated companies for the current month amounted to Rs3.3 billion. The construction and real estate sector took the lead with the incorporation of 474 companies.

2,504 new COs registered by SECP in June 2021
2,504 new COs registered by SECP in June 2021