SECP registered 293 companies in December

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 293 companies in December 2010.The private companies had the highest share in the new incorporation totalling 272 followed by 13 single-member companies, two public unlisted companies, three non-profit associations and three foreign companies.The trading sector has the highest incorporation of 56 companies, followed by services with 43 companies, construction 15 companies, communication, information technology, and Hajj and Umrah sectors 13 companies each, food and beverages, and chemical sectors with 11 companies each and transport sector 10 companies.The Company Registration Office (CRO), Lahore registered 92 companies followed by CROs Karachi and Islamabad registering 85 and 80 companies, respectively. The remaining CROs of Multan, Faisalabad, Peshawar, Sukkur and Quetta registered 13, 11, eight, three and one, respectively. The authorised capital and paid-up capital of 293 companies, is Rs 2 billion and Rs 406.1 million, respectively. During the month, 34 companies increased their authorised capital with the aggregate authorised capital increment of Rs 18.8 billion and 65 companies raised their paid-up capital with the total paid-up capital increment amounting to Rs 26.9 billion – Dailytimes