ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,361 new companies in October 2022. This shows an increase of 17% as compared to corresponding period last month. The total number of registered companies now stands at 180,996. Foreign investment has been reported in 77 new companies. These companies have foreign investors from Afghanistan, Austria, Australia, Bangladesh, China, Denmark, Iran, Italy, Jordan, Korea South, Lebanon, Lithuania, Norway, Saudi Arabia, Singapore, Yemen, Tunisia, Turkey, the UAE, the UK, and the US. Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood at Rs3 billion. In October, about 60 percent companies were registered as private limited companies, while 37 percent were registered as single member companies. About three percent were registered as public unlisted companies, not for profit associations, foreign companies and limited liability partnership (LLP). Nearly 99.8 percent companies were registered online. Our Correspondent
