ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 613 companies during August, an increase of 51 per cent over the same month last year.

Around 90pc companies were registered as private limited companies and around 6pc as single-member companies.

Rest of the companies were registered as public unlisted, non-profit associations, trade organisations and foreign companies.

The trading sector took the lead with 88 companies followed by services (77), information technology (61), construction (59), tourism (48), fuel and energy (25), food and beverages (22), real estate development (21), education (17), textile (15), engineering (14), corporate agricultural farming, communications, pharmaceutical and broadcasting and telecasting (13 each), transport (12), power generation and auto and allied (11 each), lodging (10) and 70 companies were registered in other sectors.

Seven foreign companies were also registered by the CROs in Islamabad and Lahore.

Foreign investment has been reported in 42 companies from Afghanistan, Australia, China, Germany, Iran, Japan, Kuwait, Kyrgyzstan, the Netherlands, Singapore, Thailand, Turkey, the UAE, UK and US.

These companies are from sectors of auto and allied construction, corporate agricultural farming, education, engineering, food and beverages, footwear, fuel and energy, information technology, lodging, power generation, services, transport and trading sectors.

The Company Registration Office (CRO), Islamabad, registered the highest number of companies (204) in August followed by 186 and 121 companies at CROs Lahore and Karachi respectively. Peshawar, Multan, Faisalabad, Quetta and Sukkur registered 42, 29, 18, 8 and 5 companies respectively.

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