ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,651 new companies in January, showing an increase of 10 per cent compared to the correspondingperiod last year.

The total number of registered companies now stands at 212,108, while the total paid-up capital of newly incorporated companies is Rs5.2 billion.

In January, around 58pc of new incorporations were registered as private limited companies, 38pc as single member firms and 4pc as public unlisted entities, not-for-profit associations, trade organisations, limited liability partnerships, and foreign companies.

Five foreign companies also registered theirplace of business in Pakistan.

Around 138 foreign applicants were registered from overseas through eServices. Almost 99.85pc of companies were registered online.