The Pakistan government has facilitated the foreign investors that are why countries, including China, USA, UK, Italy, Russia, Bangladesh, South Korea and Norway, have started investing in Pakistan. The Securities and Exchange Commission of Pakistan (SECP) has registered 420 new companies after which the total corporate portfolio raised to 63,238.
SECP has issued new licenses to three non-profit associations and renewed license of one. Ninety-two percent companies have been registered as private limited, 6 percent as single member companies while 2 percent companies have been registered as public limited companies. Foreign companies and associations such as the trading sector topped the list of the newly registered companies.
Sixty-seven new trading companies, 54 tourism companies, 37 companies in services sector, 34 in Information Technology sector, 23 in construction, 16 in Communications and 14 each in Pharmaceuticals and Corporate Agricultural Farming, have registered themselves with SECP.
Foreign investment has come in 20 new companies that comprise trading, construction, healthcare, IT, mining, real estate development, services, pharmaceuticals, food and beverages and tourism sector. It is pertinent to mention here that the total authorized capital has increased by Rs16.25 billion.