The Securities and Exchange Commission of Pakistan (SECP) has registered 1,135 corporate entities during the first quarter (July-September) of 2007-2008. The latest SECP data issued on Thursday revealed that with the new registration the total number of companies on the SECP roll has reached 50,125.
The commission said that a total number of 1,106 companies limited by shares comprising of 23 public unlisted companies, 1,053 private companies and 30 single member new companies were registered. The data contain 15 foreign companies, 13 associations not for profit and one company limited by guarantee.
A press release of SECP said that the total authorised capital and paid up capital of the companies limited by shares amounted to Rs 7.06 billion and Rs 1.23 billion, respectively. The Company Registration Office (CRO) Lahore registered 370 companies, CRO Karachi 335 companies and CRO Islamabad registered 220 companies. CRO Peshawar, Multan, Faisalabad, Quetta, and Sukkur registered 72, 61, 43, 32 and 2 companies, respectively.
The highest number of 193 companies were registered in tourism sector, followed by 138 in services, 135 in trading, 70 in Information Technology, 54 in real estate development sector, 50 each in construction and communication and 48 in textile sector.
The SECP encourages corporatisation of businesses to contribute to the progressive development of the national economy and healthy growth of corporate sector of the country, commission added.-PR