The Securities and Exchange Commission of Pakistan (SECP) registered 1,956 new companies in November, indicating year-on-year increase of 41%.
71% were registered as private limited and 26% as single-member companies during the month. While the rest of the 3% were registered as public unlisted companies, not-for-profit associations, trade organizations, foreign companies, and limited liability partnerships (LLP).
During the month, around 99% of companies were registered online, while 30% of new incorporations completed the same day, while 117 firms were registered from overseas.
The trading sector took the lead with the incorporation of 319, IT with 230, construction with 209, services with 198, real estate development with 139, corporate agricultural farming, & food and beverages with 74 each, eCommerce with 73, engineering with 60, tourism with 51. More enterprises from many other sectors were also included.