SECP registers 197 companies in Oct ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 197 companies including 18 foreign companies during the month of October 2009. The total corporate portfolio as on October 31, 2009 comprises of 53,977 registered companies.
Foreign investment from diversified geographical location of countries around the globe reflects restoration of confidence in Pakistani markets and economy as investors in these 18 companies belong to China, Canada, USA, UAE, UK, Italy, Kazakhstan, North Korea, Lebanon, Netherlands, Panama, Philippines and Singapore. Of these 18 foreign invested companies, four have been registered in construction sector, four in trading sector, two companies in power generation sector and two in mining and quarrying sector.
Other 6 companies registered with the SECP belong to cable and electrical goods, healthcare, information technology, transport, textile and miscellaneous sector. Among the total 197 companies incorporated during October 2009, 3 are public unlisted companies, 179 private companies, 12 single member companies and 3 are associations not for profit under section 42 of the Companies Ordinance, 1984 (the ‘Ordinance’). Total authorised capital and paid up capital of companies, incorporated during the last month amounted to Rs 2.318 billion and Rs 304.21 million respectively. During October 2009, number of new incorporation was highest at Lahore, whereby 66 companies have been registered, followed by Islamabad registering 61 companies, Karachi with 52 companies. Peshawar, Faisalabad Multan, and Quetta registered 6, 5, 4 and 3 companies respectively. staff report Home | Business
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