Pakistan has allowed registration of 70 foreign companies in the month of April 2023. This brings the total number of registered companies to 191,924 with the Securities and Exchange Commission of Pakistan (SECP).
(more…)Tag: SECP
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Security Investment Bank applies for Shariah certificate
Security Investment Bank Limited (SIBL) has applied to become a Shariah-compliant investment bank following the issuance of comprehensive guidelines by the Securities and Exchange Commission of Pakistan (SECP).
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SEC Pakistan registers 2,595 new companies in March 2023
ISLAMABAD: Securities and Exchange Commission (SEC) of Pakistan has registered 2,595 new companies in March 2023, according to a statement issued on Friday.
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SECP company registration tops at 187,569 by February 2023
ISLAMABAD: Total company registration with Securities and Exchange Commission of Pakistan (SECP) has increased to 187,569 by February 2023, said statement on Friday.
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SECP issues draft regulations for Shariah compliant securities
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Friday issued draft regulations with aim to strengthen Shariah compliant securities.
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SECP warns public against illegal non-banking financial companies
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Monday warned the general public against illegal non-banking financial companies (NBFCs).
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SECP directs digital lending companies to shutdown multiple apps
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has directed digital lending companies retain one master app on Google Play and other platforms and shutdown other apps.
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SECP chairman, stakeholders discuss measures for capital market growth
KARACHI: Akif Saeed, Chairman, Securities and Exchange Commission of Pakistan (SECP) Wednesday held meeting with stakeholders to discuss measures for growth of capital market.
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SECP company registration tops 182,598 by November 2022
ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) increased to 182,598 by end of November 2022, a statement said on Monday.
The SECP registered 2,380 new companies in November, 2022, indicating an increase of 10 per cent as compared to corresponding period last year.
Total capitalization (paid-up-capital) of the newly incorporated companies is PKR1.9 billion.
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Among the newly incorporated companies, about 59 percent were registered as private limited companies, 39 percent as single member companies and 2 percent were public unlisted companies, not for profit associations, trade organizations and limited liability partnership (LLP).
About 99.9 percent of companies were registered online. In November, the SECP also registered three investment companies / micro finance companies with paid-up capital of Rs.255 million.
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In November, the real estate development & construction sector took the lead with incorporation of 407 companies followed by the information technology with 347 and trading with 300 companies subsequently, services with 258, food & beverages with 87, education with 82, tourism with 81, corporate agricultural farming with 76, ecommerce with 70, marketing & advertisement with 63, engineering with 62, textile with 57, pharmaceutical with 50, healthcare with 43, mining & quarrying with 38, chemical with 37, fuel & energy with 35, transport with 31, power generation with 30, communications with 27, cosmetics and toiletries and lodging with 18 each, broadcasting & telecasting with 14, auto & allied and paper & board with 13 each, cables and electrical goods with 12, arts and culture with 9, and 102 companies in other sectors.
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Foreign investment has been reported in 85 new companies from Afghanistan, Austria, Australia, Canada, China, Germany, Hongkong, Jordan, Korea South, Mauritius, Nigeria, Norway, Oman, Singapore, South Africa, Spain, Tunisia, Turkey, UAE, UK and the US.
As a result of SECP’s eServices integration with FBR and various provincial departments, 2,211 companies were registered with FBR for generation of NTN, 57 companies with EOBI, 32 companies with PESSI/SESSI and 43 companies with excise and taxation department.
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