ISLAMABAD:
Considerable growth has been recorded in registration of non-profit associations as the Securities and Exchange Commission of Pakistan (SECP) granted licences to 14 such associations under Section 42 of the Companies Ordinance 1984 in the third quarter of 2012.
Education and health sectors took lead with nine licences, while pharmaceutical, arts, power generation, fuel and energy, and environment sectors got one licence each, said the SECP in a press release on Friday.
Among the associations working in the education sector, the Dhaka Ahsania Mission Pakistan has been granted licence to promote human resource development by providing basic education. The Bangladesh-origin philanthropic organisation has been admired globally for its work in the field of education, health, livelihood and justice.
Other associations in the education sector include Developyst, A Better Life, Glow Foundation for Human Rights and Women Literacy, and Saiban Development Foundation.
In the healthcare sector, Pakistan Children’s Heart Foundation intends to promote and establish specialised hospitals for the treatment of congenital and pediatric heart diseases.
The Urology and Transplantation Foundation has obtained licence to promote health science in the field of urology by providing transplantation and treatment facilities.
Other two were Arshad Welfare Association and Saleem Memorial Trust Hospital, which intend to establish various health facilities.
In the pharmaceutical sector, Pakistan Pharma Forum has been awarded licence to promote and facilitate quality control in pharmaceutical products.
The SECP has also granted licence to government-supported Alternative Energy Development Fund, which will provide enabling environment for investments in alternative and renewable energy.
In the energy and fuel sector, Pakistan Association of Petroleum Geoscientists has got licence to improve, advance and promote earth science, related to petroleum, natural gas, subsurface fluids and mineral resources.
With the licence, Pakistan Green Building Council aims to create awareness of environment-friendly, cost-efficient and energy-saving green buildings.
Deodar Arts Foundation has been granted licence in the arts sector to promote and nurture visual arts through awareness and education.
Published in The Express Tribune, October 13th, 2012.
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At times I wonder: if Edhi an d Chippa ,Aman foundation and KKF ambulances were not there ,what would happen in Karachi?. Government has totally abdicated it's responsibility.