Registered cos to go past 60,000 in 2011

[somebozo]

Shame not a single entity mentioned about energy?? When I know there are a few..Atleast I have got one!

Registered cos to go past 60,000 in 2011
Updated at: 2103 PST, Friday, September 16, 2011


Registered cos to go past 60,000 in 2011 KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has registered 277 companies in August, raising the total corporate portfolio to 59,761 companies, a statement issued here said Friday.

According to details, the private companies have the highest share in new incorporation i.e., 257, followed by 16 single-member companies, two public unlisted companies and two non-profit associations.

Foreign investment by the nationals from the US, Australia, China, Sri Lanka, the UAE, Tanzania and Panama, was witnessed in 8 new companies.

As for the sector-wise breakdown, 34 companies belong to trading, followed by services with 32 companies, construction with 21, information technology with 19, pharmaceuticals with 14, Hajj and Umrah services, and food and beverages with 12 each, and tourism with 11 companies.

The Company Registration Office (CRO) Lahore registered 102, followed by CROs in Islamabad and Karachi registering 69 and 67 companies respectively.
The CROs in Peshawar, Multan, Quetta and Faisalabad registered 15, 9, 8 and 7 companies respectively.

The authorized capital and paid-up capital of these companies is Rs 3.7 billion and Rs 804.35 million respectively.

During the month, 32 companies increased their authorized capital with the aggregate authorized capital increment of Rs 3.43 billion and 63 companies raised their paid-up capital with the total paid-up capital increment amounting to Rs 7.27 billion.