Everyday News

SECP registers 458 new real estate companies

ISLAMABAD: On Monday, the Securities and Exchange Commission of Pakistan (SECP) said it had registered 2,354 new companies in March 2022.

invest with imarat

Islamabad’s emerging city centre

Learn More

This has raised the total number of registered firms to 165,688.

The regulator said that the total capitalisation with regards to newly incorporated companies for the ongoing month stood at Rs3.5 billion. It is pertinent to state that foreign investment was reported in about 53 new companies during March. Moreover, nearly 63 percent of companies were registered as private limited companies, whereas 34 percent were single-member companies.

The remaining 3 percent of companies were registered as public unlisted companies, trade organisations, not-for-profit associations, and limited liability partnerships (LLP). 

The construction and real estate development sector took the lead with the incorporation of 458, trading with 258, information technology with 365, education with 110, services with 232, and food and beverages with 75.

 

Hareem Qamar

Recent Posts

Luxury Rental Auctions Launch in UAE, Allowing Residents to Bid on High-End Properties

A groundbreaking platform in the UAE, Bidbayt, is set to transform the luxury rental market…

1 hour ago

KP Government Launches PWMIS to Streamline Development Projects

Peshawar: The Khyber Pakhtunkhwa (KP) government has introduced the Public Works Management Information System (PWMIS)…

1 day ago

IMF Pushes Pakistan to Tackle Tax Evasion in Real Estate Sector

The International Monetary Fund (IMF) has urged Pakistan to step up efforts against tax evasion…

2 days ago

CDA & ICT Reaffirm Commitment to Protect Margalla Hills on World Wildlife Day

On World Wildlife Day, the Capital Development Authority (CDA) and Islamabad Capital Territory (ICT) administration,…

2 days ago

CDA Plans Upgradation of Gandhara Citizen Club & F-9 Park to Enhance Facilities

ISLAMABAD: The Capital Development Authority (CDA) officials convened a meeting to discuss the upgradation of…

3 days ago

CDA’s Commercial Plot Auction Generates Over Rs. 21.84 Billion on Day 3

Islamabad: The Capital Development Authority (CDA) has raised over Rs. 21.84 billion through the auction…

6 days ago