ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has registered 332 limited liability companies in September, raising the total corporate portfolio to 62,571 companies. In the corresponding month, last year, 244 companies were registered, showing a growth of over 36pc.

In addition, the SECP issued licences to 5 non-profit associations under Section 42 of the 1984 Companies Ordinance.

Around 92pc companies registered as private limited companies, while about 6pc companies registered as single-member companies. Around 1pc of the companies have been registered as foreign companies and as associations under Section 42 of Companies Ordinance each.

The services sector took the lead in new registrations with the incorporation of 41 companies, followed by trading with 38, I.T. with 31, tourism with 25, construction and food and beverages with 18 each, communications and engineering with 12 each and, broadcasting and corporate agricultural farming with 11 companies each.  The foreign investment has been witnessed in 19 new companies. These companies have foreign investors from China, Lebanon, Belgium, Jordan, South Korea, Singapore, Malaysia, Ukraine, Russia, South Africa, Nigeria, Afghanistan, Bahrain and Japan. These companies are from trading, auto and allied, pharmaceutical, construction, food and beverages, mining and quarrying, power generation, services, tourism, transport and vanaspati sectors.  The highest number of companies, i.e. 110, were registered at the Company Registration Office (CRO) in Islamabad, followed by the CROs in Lahore and Karachi, registering 95 and 80 companies respectively.  The Faisalabad and Peshawar CROs registered 15 companies each, while the CROs in Multan and Quetta registered 12 and 5 companies respectively. During the month returns for increase in the authorised capital of 71 companies were accepted, with the total authorised capital increment of Rs13.22 billion.

In addition, 80 companies filed returns for increase in the paid-up capital with the total enhancement amounting to Rs4.64 billion.