ISLAMABAD - An increasing trend in incorporation of new companies is underway as the Securities and Exchange Commission of Pakistan (SECP) has registered 322 companies during the month of April showing an increase of 10 percent as compared to March 2010. According to the report issued by SECP on Monday, 322 companies were registered in the last month against 293 companies during March 2010. Similarly 254 and 270 were registered during January and February. The total corporate portfolio as on 31st April 2010 comprises of 55,522 companies. According to the SECP report, a total of 322 companies incorporated during April comprise of 6 public unlisted companies, 298 private companies, 13 single member companies and 5 associations not for profit under Section 42 of the Cos Ordinance, 1984 (the Ordinance). Authorised capital and paid up capital of companies incorporated during April amounted to Rs 2,125.10m and Rs 604m respectively. During April, the highest number of companies was incorporated at Lahore, whereby 115 companies have been registered, followed by Islamabad and Karachi registering 91 and 75 companies respectively. Peshawar, Multan, and Faisalabad registered 14, 12, and 11 companies respectively, while Quetta and Sukkur registered 3 and 1 company respectively. Major share of new incorporation during April, was observed in the trading sector whereby 47 companies were registered, followed by 38 in services, 30 in tourism, 27 in information technology, 20 in construction, 17 in communications, 16 in food and beverages 12 in pharmaceuticals, 10 each in education, power generation and textile sector. During the last month, the SECP granted licences to 4 associations not for profit under Section 42 of the Ordinance. These 4 associations have been formed with the objects of charity, development and utilization of energy resources, policy analysis and developing strategy, and formation of an institute for rural management, respectively. Of the 322 companies registered during April 2010, 17 companies have foreign investment. Foreign investors in these companies belong to USA, UK, China, South Korea, Netherlands, Syria, Uzbekistan, Canada, Panama, Germany, Denmark, Sweden, and Norway. Of these 17 companies, three companies are registered in construction, 2 companies each in food and beverages, information technology and communications, sector, one each in tourism, transport, healthcare, services, power generation, mining, pharmaceuticals, and trading sector.