SECP registers 206 companies in September

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 206 companies in September.According to the SECP, major share in new incorporation is of private companies totaling 183.Other companies include 16 single member companies, two public unlisted companies, four foreign companies, and one trade organization.The highest number of the companies is from the trading sector numbering 31,followed by services sector with 23 companies, construction with 16 companies and I.T. with 11 companies, a press release said .Other sectors with significant new incorporations are communications with 10 companies, followed by transport, hajj and Umrah services with nine companies each, and textile sector with eight companies.The highest new incorporations, i.e., 71 companies, took place at the Karachi Company Registration Office (CRO) followed by Lahore and Islamabad registering 62 and 53 companies respectively.The CROs of Peshawar, Multan, Faisalabad, and Quetta registered seven, six, five, and two companies respectively.

The authorized capital and paid-up capital of 206 companies, is Rs.168.53 million and Rs. 54.37 million respectively. In September 31, companies increased their authorized capital with the aggregate authorized capital increment of Rs7.5 billion and 66 companies raised their paid-up capital with the total paid-up capital increment to the tune of Rs2.82 billion – Sananews