The Securities and Exchange Commission of the country has registered 2,365 new firms in the month of September, pointing out a surge of 69% in comparison to the corresponding period in 2019.
As per reports, this was stated in a press statement issued by the SECP on Monday.
Out of these newly registered firms, 68% were registered as private limited companies, 29% as single-member companies, and three percent as public unlisted companies.
This month, 99% companies registered online.
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The trading sector took the lead with the incorporation of 414 companies, followed by the construction industry with 294 new company registrations. A total of 289 companies were registered in the IT sector, 226 in services, 139 in real estate, 87 in food and beverages, 73 in corporate agricultural farming, 70 in e-commerce, and 69 companies in the tourism sector.
As per SECP, 63 companies registered in the education sector, 61 in engineering, 59 in pharmaceutical, 46 in textile, 42 in transport, 38 in marketing and advertisement, 37 in chemical, 28 in logging, 35 in mining and quarrying, 33 in healthcare, 26 companies in each power generation, cables and electric goods, 24 each in fuel and energy, 21 in communications, 19 each in auto and allied and paper/ board, 17 each in broadcasting and telecasting, and cosmetics and toiletries, 14 in steel and allied and 73 companies in other industries.
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