ISLAMABAD: The Securities and Change Fee of Pakistan (SECP) registered eight,286 new corporations throughout 2017, displaying progress of 34 per cent when in comparison with the registration of the final monetary yr.
In accordance with the annual report 2017 launched by SECP, the brand new registration has raised the entire variety of registered corporations to eighty,seven hundred. The development witnessed was that roughly 86% corporations have been registered as personal restricted corporations, eleven% have been registered as single-member corporations and, three % have been registered as public unlisted, affiliation’s not-for-revenue, commerce organizations and overseas corporations.
The providers sector took a lead with the incorporation of 1,303 corporations, adopted by buying and selling with 1,one hundred, development with 936, info know-how with 773, tourism with 518, schooling with 254, meals and drinks with 252, engineering with 225, actual property improvement with 224, gasoline and power 211, company agricultural farming with one hundred ninety, textile with 173, pharmaceutical and transport with 166 every, communication with 158, auto and allied with 137, energy era with 123, healthcare with 121, broadcasting and telecasting with 103, paper and board with a hundred and one, and 1,052 corporations in different sectors.
Overseas funding was reported in 562 new corporations.
These corporations have overseas buyers from Afghanistan, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belgium, Canada, Cayman Islands, China, Cyprus, Denmark, Egypt, France, Germany, Iran, Iraq, Eire, Italy, Japan, Jordan, Kazakhstan, South Korea, Kuwait, Kyrgyzstan, Lebanon, Libya, Malaysia, the Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Oman, Panama, the Philippines, Puerto Rico, Qatar, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sri Lanka, Sudan, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, the UAE, the UK and the US.
Furthermore, sixty three overseas corporations from China, Finland, Germany, Hong Kong, South Korea, Malaysia, the Netherlands, Norway, Singapore, Spain, Sweden, Switzerland, Turkey, the UAE, the UK and the US have established locations of enterprise in Pakistan over the past fiscal yr.
In the meantime, the report said that these corporations are engaged within the fields of auto and allied, cable and electrical items, communication, development, engineering, meals and drinks, healthcare, providers, energy era, buying and selling, textile, transport, gasoline and power, info know-how, insurance coverage, metal and allied and different sectors.
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