SECP registers 248 companies in November

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Securities and Exchange Commission of Pakistan (SECP) registered 248 companies in the month of November. However, private companies have the biggest share in new incorporations totaling 210, followed by 27 single-member companies, four non-profit association, three foreign companies and public unlisted companies each and a trade organisation. According to press note issued by SECP, out of three foreign companies, a company belonging to Turkey was registered in Lahore while two foreign companies from US and New Zealand each are registered at Islamabad. Foreign investment by nationals from Cyprus and South Korea was observed in two new local companies in engineering and textile sector each.