Business

September: SECP registers 481 new companies

The service sector took the lead with the incorporation of 80 companies

APP October 21, 2016

Amendments meant to help Islamic financial industry grow. PHOTO: FILE

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 481 new companies during September 2016. Around 87% companies have been registered as private limited companies, while around 11% companies were registered as single member companies.

Around 3% of the companies were registered as public unlisted, association’s not-for-profit and foreign companies, said a statement issued here Friday. The service sector took the lead with the incorporation of 80 companies, followed by trading with 62, information technology with 43, construction with 42, tourism with 29, food and beverages with 21.

Real estate development with 17, fuel and energy with 16, corporate agricultural farming and pharmaceutical with 13 each, education with 12, textile with 11, power generation and engineering both with 10 and 102 companies were registered in other sectors.

Published in The Express Tribune, October 22^nd, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.