Addition: SECP registers 415 new companies

ISLAMABAD:

The Securities and Exchange Commission of Pakistan (SECP), in December, registered 415 new limited liability companies, raising the total corporate portfolio to 62,932 companies along with granting licenses to five non-profit associations.

According to a statement issued by the SECP, 25% growth was witnessed in company registration.

Around 91% of companies were registered as private limited companies, while 6% registered as single-member companies and 1% of the companies have been registered as public limited companies, foreign companies and associations under Section 42 of the 1984 Companies Ordinance.

Foreign investment has been witnessed in 16 new companies from Austria, China, Czech Republic, Egypt, Germany, Hong Kong, Iran, Italy, Netherlands, Panama and the UAE.

Published in The Express Tribune, January 11^th, 2014.

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