ISLAMABAD – NOVEMBER 19, 2009:
The Securities and Exchange Commission of Pakistan (SECP) registered 197 companies including 18 foreign Companies during the month of Oct., 2009. The total corporate portfolio as on 31st Oct, 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, U.S.A., U.A.E., U.K., Italy, Kazakhstan, North Korea, Lebanon, Netherlands, Panama, Philippines, and Singapore. Of these 18, foreign invested companies 4 have been registered in construction sector four in trading sector, 2 companies in power generation sector and 2 in mining and quarrying sector. Other 6 companies registered with the Securities and Exchange Commission of Pakistan belong to cable and electrical goods, healthcare, information technology, transport, textile and miscellaneous sector. Total 197 companies incorporated during Oct., 2009, comprise of 3 public unlisted companies, 179 private companies, 12 single member companies and 3 association not for profit under section 42 of the Companies Ordinance, 1984 (the ‘Ordinance’). Total authorized capital and paid up capital of companies, incorporated during Oct, 2009 amounted to Rs. 2,318 million and Rs. 304.21 million respectively. During Oct, 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.
Major share of new incorporation was witnessed in the trading sector comprising of 39 companies, followed by 31 in services, 22 in construction, and 17 in information technology sector. During the month, the Commission granted licences to 1association not for profit under Section 42 of the Ordinance, for promotion of education.