SECP registers 327 new companies

Watchdog’s corporatisation drive in full swing.

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 327 new limited liability companies during April this year, raising the corporate portfolio to 62,203 companies.

The press release said that out of the 327 new companies registered during the month, around 92% were registered as private limited companies, and 5% were registered as single-member companies, while the remaining 3% were registered as public limited companies.

To promote corporatisation, the SECP has continued holding seminars with all the stakeholders, conducting awareness campaigns, and extending facilities.

A number of foreign investors showed interest in investing in Pakistan as confirmed by investment in 12 new companies involved in diverse business areas. The sectors included trading, telecommunications, power generation, lodging, tourism, fuel and energy, import/export, automobiles and information technology sectors.

These companies have foreign investors from Canada, China, Panama, South Korea, the United States, the United Arab Emirates and Ukraine.

Overall, the services sector had taken the lead in new registrations with 50 new companies, followed by tourism with 45 companies, trading with 38, IT with 30, and the remainder in broadcast media, construction, communications, food and beverages, finance and banking.

Published in The Express Tribune, May 17^th, 2013.

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