SECP registers 284 companies in July

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 284 companies in July.

The private companies have the highest share in new incorporations, totalling 253 followed by 19 single-member companies, 4 public unlisted companies, 5 non-profit associations, 1 guarantee limited company under section 43, 1 trade organization and 1 foreign company from Mauritius in oil and gas sector.

Twenty-two companies have investment by nationals from the US, the UK, Australia, Denmark, Japan, Canada, China, Saudi Arabia, Turkey, Belgium, Egypt and Germany, says a press release.
Forty-three companies belong to the trading sector, followed by services with 33 companies, construction with 21, IT with 15, food and beverages with 14 companies, communication with 13, transport with 12, pharmaceuticals with 12, Hajj and Umrah services and fuel and energy with 10 companies each.
The Company Registration Office (CRO), Lahore registered 105 companies followed by CROs in Islamabad and Karachi registering 80 and 69 companies respectively. The remaining CROs of Peshawar, Multan, Quetta and Faisalabad registered 12, 9, 6 and 3 companies respectively.
The authorized capital and paid-up capital of 284 companies, is Rs1.9 billion and Rs359.16 million respectively. During the month, 46 companies increased their authorized capital with the aggregate authorized capital increment of Rs4.23 billion and 87 companies raised their paid-up capital with the total paid-up capital increment amounting to Rs8.75 billion.

Copyright NNI (News Network International), 2011