Shaheer Ahmed
The people of Pakistan are doing new and better things every day, and the fact that Securities and Exchange Commission of Pakistan (SECP) on Monday said it had registered 2,354 new companies in March 2022, raising the total number of registered firms to 165,688; which speaks volumes on the dedication of the people of Pakistan.
The last few weeks have been a little tricky because of the political unrest in the country, but now that things have changed and are looking to move in the right direction forwards – in terms of political stability, we are happy to see that the people of Pakistan are trying to do everything that they can to bring about a change that will help the country, and the people living in the country.
Total capitalization (paid-up-capital) when counting the newly incorporated companies for the current month stood at Rs3.5 billion, the regulator said. According to SECP, foreign investment was reported in 53 new companies during March. Nearly 63 percent of companies were registered as private limited companies, while 34 percent were single-member companies.
The remaining 3 percent of companies were registered as public unlisted companies, not-for-profit associations, trade organizations, and limited liability partnerships (LLP). About 99.6 percent of firms were registered online and 215 foreign users were registered from overseas, SECP said.
In March, nearly 63 percent of companies were registered as private limited companies, while 34 percent were single-member companies. The remaining 3 percent of companies were registered as public unlisted companies, not-for-profit associations, trade organizations, and limited liability partnerships (LLP). About 99.6 percent of companies were registered online and 215 foreign users were registered from overseas.
The real estate development & construction sector took the lead with the incorporation of 458, information technology with 365, trading with 258, services with 232, education with 110, food and beverages with 75, tourism with 72, textile with 68, corporate agricultural farming with 60, engineering with 57, commerce, and marketing & advertisement with 55 each, a chemical with 47, pharmaceutical with 46, healthcare with 45, mining and quarrying with 37, transport with 36, and 333 companies were registered in other sectors.
As a result of the integration of SECP with FBR and various provincial departments, 2,033 companies were simultaneously registered with FBR for the generation of NTN, 47 companies with EOBI, and 16 companies with PESSI/SESSI.
This just shows the dedication that the people of Pakistan have, and how they are willing to make things better for themselves and others around them.
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