March: SECP registers 370 companies

SECP registered 370 companies in March, representing a 5% increase over 353 companies that were registered during Feb.

FAISALABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 370 companies in March, representing a 5% increase over 353 companies that were registered during the previous month, according to a statement released on Friday.  Private companies have the highest share in new incorporations with 340 followed by 20 single-member companies, 5 public unlisted companies, 3 non-profit associations and 2 foreign companies.  Of the 2 foreign companies, one belonging to China was registered in Karachi while the other belonging to the US was registered in Lahore.

Published in The Express Tribune, April 14^th, 2012.