Sixteen foreign companies and international business establishments, registered with the Securities and Exchange Commission of Pakistan (SECP) during April 2009, would make investment in key sectors including services sector, construction business, trading, imports/exports, oil refinery, information technology and consultancy services.
Sources told Business Recorder on Tuesday that the companies' registration data for April 2009 clearly indicated positive trend of foreign investment by international companies in Pakistan despite the ongoing security situation in Swat and Malakand Division.
The registration showed the trend that foreign companies from USA and France are on top of the list in imports/exports and trading businesses, besides China, Australia, Germany, Italy, Jordan, Korea (N), Lebanon, Malaysia, Qatar, Singapore and Turkey. The SECP data showed that certain foreign companies, from USA, would invest in imports/exports business and construction sector. Mondo International (Pvt) Ltd from USA would invest in imports and exports business at Karachi.
Asia (Pvt) Limited from USA would make investment in construction-related allied business. Some French companies would make investment in trading and miscellaneous business at Karachi. Foreign companies from France included L'oreal Pakistan (Pvt) Limited and SDV Pakistan (Pvt) Limited which have invested in Pakistan.
Two foreign companies from China would make investment in trading allied business at Lahore. These companies have also obtained registration from the SECP during April 2009. JMJ (Pt) Limited from Australia would make investment in the construction sector. Another foreign investor from Germany would make investment in import and export and consultancy business at Lahore.
Malaysian companies like Modular NTL (Pvt) Limited have also obtained registration in Pakistan to invest in information technology business and other allied business. An Italian company (Research One Marketing Services) would also invest in consultancy business.
Other companies--from Jordan and Lebanon--would invest in services sector and consultancy services respectively. A North Korean company, Crescent Global Pakistan (Pvt) Limited, would make investment in imports and exports business at Lahore. Sources said that a foreign investor, Jaber Al Jaber from Qatar, would make investment in the sector of oil refining. A foreign investor from Singapore would also make investment in consultancy services, sources added.
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