The Securities and Exchange Commission of Pakistan (SECP) registered a total of 653 new companies, business and foreign companies entities during the first quarter (January-March) of year 2009. According to the SECP data issued here on Tuesday, the total number of registered companies with SECP as on March 31, 2009 now stood at 53,211 following new incorporations.
During the quarter, the numbers of companies registered during the months of January, February and March 2009 were 237, 187 and 229, respectively. Out of the total 653 companies registered during the quarter, 647 companies were limited by shares, comprising of seven public unlisted companies, 610 private companies and 30 single member companies.
In addition, four associations not-for-profit under section 42 of the Companies Ordinance, 1984 (the Ordinance), one company limited by guarantee under section 43 of the Ordinance and one trade organisation were also registered.
Total authorised capital and paid-up capital of the 647 companies limited by shares amounted to Rs 269 million and Rs 12.73 million, respectively. During the quarter, the number of new incorporation was the highest in Lahore whereby 210 companies have been registered with the Companies Registration Office (CRO) of SECP, followed by 156 companies in CRO Karachi and 182 in CRO Islamabad. CROs of Peshawar and Quetta registered 28 companies each while CROs at Multan, Faisalabad, and Sukkur registered 27, 20 and two companies, respectively.
The highest number of company incorporation was witnessed in the services sector comprising of 118 companies, followed by 112 in trading, 62 in tourism, 45 in construction, 40 in Information Technology, 28 in communications, 22 in power generation and 21 in textile sector. During the quarter, the commission has granted licences to seven associations not-for-profit. Of these, four licences were granted for the promotion of social services and three for promoting education sector.
The newly registered 653 companies also include those 53 companies having foreign investment. Foreign investors are mainly from USA having participation in nine companies followed by UK and China with investment in eight companies each, and Germany in four companies. Other foreign investors belong to Canada, Italy, Korea, Malaysia, Turkey having participation in two companies each and Austria, Australia, Bulgaria, Belgium, France, Hong Kong, Oman, Iran, Lebanon, Netherland, Nigeria, South Africa, UAE, Camaneyland have investment in one company each.
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