SECP registers 474 new real-estate companies in June 2021

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 474 new real-estate companies in June 2021, indicating overall growth of 63 % as compared to the corresponding period last year.

During the said month, SECP registered a total of 2,504 new companies, the total number of registered companies increased to 145,913.

Of the newly registered companies, 65 percent were registered as private limited companies, 31 percent as single-member companies, and four percent as public unlisted companies, not-for-profit associations, foreign companies, and limited liability partnerships (LLP).

The construction & real estate sector took the lead with the incorporation of 474, trading with 382, I.T with 275, services with 216, e-commerce with 129, food & beverages with 105, textile with 86, corporate agricultural farming with 76, mining & quarrying, and transport with 36 each steel & allied with 18 companies were registered in June 2021.

Foreign investment has been reported in 66 new companies. These companies have foreign investors from Austria, China, France, Germany, Ghana, Hong Kong, Iran, Italy, Mexico, the Netherlands, Nigeria, Oman, Qatar, Russia, Singapore, UK, and the US.

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