National News

SECP registers new 481 companies in September

ISLAMABAD, Oct 21 (APP): The Securities and Exchange Commission of Pakistan (SECP) registered 481 new companies during the month of September 2016. Around 87 percent companies have been registered as private limited companies, while around 11 percent companies were registered as single member companies. Three percent of the companies were registered as public unlisted, association’s not-for-profit and foreign companies, said a statement issued here on Friday. The service sector took the lead with the incorporation of 80 companies, followed by trading with 62, information technology with 43, construction with 42, tourism with 29, food and beverages with 21. Real estate development with 17, fuel and energy with 16, corporate agricultural farming and pharmaceutical with 13 each, education with 12, textile with 11, power generation and engineering both with 10 and 102 companies were registered in other sectors.