SECP registered 400 real estate and construction firms in November

Islamabad: In November, the Securities and Exchange Commission of Pakistan (SECP) registered 2,380 new companies. News sources said on December 13 that the real estate development and construction sector had the most new companies, with 407.

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According to a report put out by the SECP, the new companies had a total capitalization of PKR 1.9 billion. After the real estate development and construction sector, there were 347 companies in the IT sector and 300 companies in the trading sector. Nearly all of these businesses were set up online.

Three investment or microfinance firms with a total paid-up capital of PKR 255 million were also registered by the SECP. With the new registrations, there are now 182,598 companies that have been registered.

The fact that more and more companies are signing up to work in real estate development and construction suggests that business is booming in November. Market analysts think that more people are interested in real estate because it is a good way to make money. It is also important to note that SECP registered 4,791 new real estate development and management firms during the current financial year (FY) 2021–22, which is the most in the last few years.