Foreign Investment SECP registers 20 firms in April

LAHORE: The Securities and Exchange Commission of Pakistan (SECP) registered 20 companies having foreign investment in April. The companies have investment by foreign nationals from the UK, China, France, Panama, Australia, Jordan, Japan, Switzerland, the Netherlands, Denmark, Malaysia and Singapore. Eight of these companies were registered in Karachi, while six were registered in Lahore, five in Islamabad and one in Faisalabad. The sector-wise breakdown of the companies shows that four deal in trading and textile, followed by three companies in the services sector, two each in communications and mining and one company each in construction, IT, alternative energy, food and miscellaneous sector. In addition, three foreign companies were registered in April. These companies are from Turkey, South Korea and Italy. The sectors of the companies are engineering, food and services.

Published in The Express Tribune, May 13^th, 2011.