Securities and Exchange Commission of Pakistan registered 275 new companies and issued licenses to 3 non-profit associations

Islamabad, September 06, 2013 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) registered 275 new limited liability companies in August, bringing the total corporate portfolio to 62,258 companies. In the corresponding month, last year, 274 companies were registered. In addition to the companies registered, the SECP issued licenses to 3 non-profit associations under Section 42 of the 1984 Companies Ordinance.

Around 88% companies registered as private limited companies, while around 9% companies registered as single-member companies. Around 1% of the companies have been registered as public limited companies and as associations under Section 42 of Companies Ordinance each during the month.

The trading sector took the lead in new registrations with the incorporation of 36 companies, this month, followed by services with 31, I.T. with 23, construction with 20, corporate agricultural farming and tourism with 14 each and textile with 10 companies.

The foreign investment has been witnessed in 15 new companies. These companies have foreign investors from China, the US, South Africa, Germany, Canada, Iraq, Afghanistan, Turkey, Japan and Mauritius. These companies are from trading, oil and gas marketing, engineering, construction, auto and allied, education, tourism, mining and quarrying and agricultural farming sectors.

During the month of August most number of companies, i.e., 90, is registered at the Company Registration Office (CRO), Islamabad. It is followed by the CROs in Lahore and Karachi, registering 75 and 62 companies respectively.

The Faisalabad and Peshawar CROs registered 15 and 14 companies respectively, while the CROs in Multan, Quetta and Sukkur registered 12, 5 and 2 companies respectively. During the month returns for increase in the authorized capital of 50 companies were accepted, with the total authorized capital increment of Rs2.48 billion. In addition, 74 companies filed returns for increase in the paid-up capital with the total enhancement amounting to Rs4.24 billion.

Tickers:

1. SECP registered 275 companies and licensed 3 not-for-profit associations in August

2. Company Registration Office Islamabad registered 90 companies followed by Lahore and Karachi with 75 and 62 companies respectively

3. 36 companies have been registered in trading sector, followed by services with 31 and information technology with 23 companies.

4. Foreign investment has been witnessed in 15 new companies, in the month of August.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk