The Securities and Exchange Commission of Pakistan (SECP) registered 3,161 new companies during May, taking the total number of registered companies in the country to 297,239, it was reported on Tuesday.
According to the SECP, 99.9% of the companies were registered through the online platform.
Provincially, Punjab led with 1,643 new company registrations, followed by Islamabad with 596 and Sindh with 479. Khyber Pakhtunkhwa recorded 260 new registrations, while Gilgit-Baltistan and Balochistan registered 112 and 71 companies, respectively.
Sector-wise, the Information Technology and e-commerce sector recorded the highest number of new registrations.
The Information Technology sector alone accounted for 598 new companies, followed by trading with 503, services with 404, and real estate and construction with 303 new registrations. The tourism and transport sector recorded 206 new companies.
The SECP further stated that investors from 17 countries registered companies in Pakistan during the month.
Chinese investors remained prominent, with 89 Chinese shareholders obtaining directorships in companies.
The paid-up capital of companies with foreign investors stood at Rs139.4 million, according to the regulator.
