In September 2023, 2,477 new companies were registered by the Securities and Exchange Commission of Pakistan (SECP), increasing the overall number of companies in Pakistan to 202,892. The newly incorporated companies’ paid-up capital, or total capitalization, was Rs. 1.59 billion.
Of the newly incorporated firms, 58% were private limited companies, 39% were single-member companies, and 3% were registered as limited liability partnerships (LLPs), trade associations, not-for-profit groups, and public unlisted companies.
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In addition, one international business has opened for operations in Pakistan, while 92 applicants used eService to incorporate foreign businesses. Nearly 99.7% of businesses had online registrations. Furthermore, 2,389 firms were registered with FBR for NTN registration, 62 companies with EOBI, 34 companies with PESSI/SESSI, and 40 companies with the excise and taxation department as a result of the integration of SECP with FBR and several provincial departments.
Sectoral analysis
The information technology sector led the pack with 347 companies incorporated; trading came in second with 308; real estate development and construction came in second with 278; tourism came in at number 123; education came in at number 106; food and beverage production came in at number 100; e-commerce came in at number 75; mining and quarrying came in at number 60; textile production came in at number 60; corporate agricultural farming came in at number 59; marketing and advertisement, and pharmaceuticals came in at number 49; engineering and transportation were each with 48; power generation, healthcare, and cosmetics & toiletries with 37; chemical with 35; auto & allied 27; lodging came in at 24; broadcasting & telecasting, and communications with 22; cables & electrical goods with 21; paper & board with 17; and 186 companies were registered in other sectors.
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A total of 82 new enterprises have reported receiving foreign investment, with investors originating from Afghanistan, Australia, Bahrain, China, Denmark, France, Indonesia, Japan, Kenya, Korea South, Kuwait, Malaysia, Mongolia, Nigeria, Norway, Portugal, Romania, Russia, Spain, UAE, UK, US, and Vietnam respectively. China contributed 47 companies, the UK contributed 06, the US contributed 05, Korea South contributed 03, Japan, Nigeria, and Portugal contributed 02, and 15 other nations contributed companies.
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