SECP registers 332 companies in Dec

Registrations grow 22% compared to last year.

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 332 companies in December 2012, a growth of 22% over the corresponding month of previous year.

Authorised and paid-up capital of these companies amounted to Rs1.7 billion and Rs745 million respectively.

The new incorporations included 302 private companies, 17 single-member companies, seven non-profit associations, four public unlisted companies and two foreign companies – one each from Turkey and Germany.

Nationals of Cyprus, Panama, China, Belgium and the Netherlands also made investment in five new local companies. These companies were associated with the areas of software development, construction and services.

The trading sector has the largest share in new incorporations with 44 companies, followed by services with 39 companies, tourism 37, information technology 19, food and beverages 15, broadcasting and telecasting 14, pharmaceutical, textile and construction 13 companies each, communications and corporate agricultural farming 12 companies each.

The Company Registration Office (CRO), Lahore registered the largest number of companies in December, at 108. It was followed by CROs of Islamabad and Karachi where 98 and 81 companies were registered respectively.

Published in The Express Tribune, January 5^th, 2013.

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