Daily The Business

Reforms measures lead to registration of over 1,317 new companies

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LAHORE: The various reforms measures have led to registration of over
1,317 new companies with the Security Exchange Commission of Pakistan
(SECP) crossing the number compared to the corresponding month of last
financial year it represents a growth of 9 percent, raising the number
of registered companies to over 95,000.

The massive increase is the result of the SECP’s various reforms
measures, i.e. introduction of simplified combined process for name
reservation and incorporation, one window facility for company
incorporation and NTN generation, reduction of fee, assistance of
incorporation by facilitation wings of CROs etc.

Around 73 percent companies were registered as private limited
companies, while around 24 percent were registered as single-member
companies.

Three percent were registered as public unlisted, non-profit
associations, foreign companies and limited liability partnership
(LLP).

The trading sector took the lead with the incorporation of 214
companies, services with 185, construction with 180, I.T. with 128,
tourism with 74, food and beverages with 43, education, marketing and
advertising, and real estate development with 42 each, transport with
40, corporate agricultural farming with 37, engineering with 30,
communication, and pharmaceutical with 24 each, textile with 19,
mining and quarrying with 18, broadcasting and telecasting, and fuel
and energy with 16 each, chemical and cosmetics and toiletries with 13
each, cables and electric goods, lodging, and power generation with 12
each, healthcare with 11, and 70 companies were registered in other
sectors. Foreign investment has been reported in 61 new companies.
These companies have foreign investors from China, Egypt, Germany,
Hong Kong, Italy, Japan, Luxembourg, Malaysia, Morocco, the
Netherlands, Qatar, Saudi Arabia, Sri Lanka, Sweden, the UK, and the
US. The highest numbers of companies, i.e. 477, were registered in
Islamabad, followed by 346 and 274 registered in Lahore and Karachi
respectively. The CROs in Peshawar, Multan, GilgitBaltistan,
Faisalabad, Quetta, and Sukkur registered, 82, 56, 39, 25, 14 and 4
companies respectively.

Earlier, in December, the SECP registered 1,130 new companies. As
compared to the corresponding month of last financial year, it
represents a growth of 43 percent raising the number of registered
companies to 94,205. The massive increase is the result of the SECP’s
various reforms measures, i.e. introduction of simplified combined
process for name reservation and incorporation, reduction of fee,
assistance of incorporation by facilitation wings of CROs etc. Around
74 percent companies were registered as private limited companies,
while around 24 percent were registered as single member companies.

Two percent were registered as public unlisted, non-profit
associations, foreign companies and limited liability partnerships
(LLP). The trading sector took the lead with the incorporation of 201
companies, I.T. with 138, services with 136, construction with 116,
tourism with 67, education with 37, food and beverages with 35, real
estate development with 33, engineering, and marketing & advertisement
with 32 each, corporate agricultural farming with 27, pharmaceutical
with 24, transport with 23, textile with 21, chemical, fuel and
energy, healthcare, and mining and quarrying with 16 each, paper and
board with 15, communication with 14, auto and allied with 12 and 103
companies were registered in other sectors. Foreign investment has
been reported in 57 new companies. These companies have foreign
investors from Canada, China, Greece, Hungary, Japan, Kenya, the
Netherlands, New Zealand, Norway, the Philippines, Saudi Arabia, South
Africa, Sri Lanka, Sweden, Switzerland, Thailand, Tunisia, the UK, the
US and Vietnam. The highest numbers of companies, i.e. 404 were
registered in Islamabad, followed by 301 and 205 companies registered
in Lahore and Karachi respectively. The CROs in Peshawar,
GilgitBaltistan, Multan, Faisalabad, Quetta, and Sukkur registered,
88, 53, 47, 21, 9 and 2 companies respectively.

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