(MENAFN- Khaleej Times) The Securities and Exchange Commission of Pakistan (SECP) registered 415 new limited liability companies in December, raising the total corporate portfolio to 62,932 companies.
Relative to the corresponding month of last year it showed 25 per cent growth has been witnessed in company registration
In addition, the SECP granted licenses to five non-profit associations. Around 91 per cent of companies registered as private limited companies, while around six per cent of them registered as single-member companies. About one per cent of the companies have been registered as public limited companies, as foreign companies and associations under Section 42 of the 1984 Companies Ordinance, each, during the month
The services sector took the lead in new registrations with the incorporation of 49 companies, this month, followed by trading with 47, tourism with 39, construction and information and technology with 30 each, transport with 18, communications with 17 and corporate agricultural farming with 16 companies. The foreign investment has been witnessed in 16 new companies. These companies have foreign investors from Austria, China, Czech Republic, Egypt, Germany, Hong Kong, Iran, Italy, Netherlands, Panama and the UAE.
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