51 new pharma companies registered by SECP in Jan 2023

By S H Hasan

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered a total of 2,409 new companies, including pharmaceutical and agricultural in January 2023.

The total number of registered companies currently stands at 185,173. A statement recorded that during the month of January, a whopping 174 companies, including pharmaceutical companies, were registered in a single day.

The total capitalisation (paid-up capital) with respect to the recently registered companies for Jnauary stood at Rs 2.7 billion.

About 57 percent of companies were registered as private limited companies, while 39 percent were registered as single-member companies.

About 3 percent were registered as unlisted public companies, not-for-profit associations, trade organisations, and limited liability partnerships (LLPs). Nearly 99.8 percent of the companies were registered online. 101 foreign users were also registered from overseas. Of these companies, pharmaceuticals hold a decent percentage.

With 407 companies formed, the real estate development and construction sector led all other industries, followed by information technology (334), trading (321), services (250), tourism (99), food and beverage (97), education (86), e-commerce (77), corporate agricultural farming (63), pharmaceutical (51), textile (49), marketing & advertisement (47), engineering (44), healthcare (41), mining & quarrying (40), chemical (39), and transport (35).

There were 108 companies registered in other sectors, including transportation (35), power generation (34), fuel & energy (27), lodging (26), communications (23), cosmetics & toiletries (20), broadcast & telecasting (20), cables (19), electrical goods (18), auto & allied (18), paper & board (17), and arts and culture (17).

The accumulation SECP, FBR and other provincial agencies led to the registration of a total of 2,255 firms with FBR for the creation of NTN, 40 companies with EOBI, 41 companies with PESSI/SESSI, and 30 companies with the excise and revenue department.