ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 426 new companies during May. Around 90% of the companies have been registered as private limited companies and 5% as single-member companies. Additionally, 5% were registered as public unlisted, non-profit associations, trade organisations and foreign companies, said a statement issued by the commission. Foreign investment has been reported in 24 new companies. These companies have investors from China, Denmark, Japan, Nigeria, Norway, Palestine, Turkey, UAE, UK and the US. These companies are from power generation, services, cables and electric goods, tourism, engineering, communications, trading, information technology, paper and board, food and beverages, construction and chemical sectors. The highest number of companies, 155, was registered at the Company Registration Office (CRO), Lahore. Companies numbering 279 filed returns for increase in the paid-up capital with the total increment amounting to Rs5.7 billion.
Published in The Express Tribune, June 12th, 2015.
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