Tuesday, February 1, 2011

SECP registers 23 cos having foreign investment

The Securities and Exchange Commission of Pakistan registered 23 companies having foreign investment in December. In addition, 3 foreign companies were also registered.
Out of these 23 companies having foreign investment, 5 have foreign investment by foreign nationals from Singapore, 4 from China and the remaining from the UK, the US, Australia, Japan, Saudi Arabia, Canada, Spain, Iran, Egypt, Germany, and Oman.
Among these, 11 companies were registered in Karachi, while 6 in Islamabad, 4 in Lahore and one in Quetta and Multan. As for the sector-wise breakdown, 7 companies were registered in the transport sector, followed by 4 in trading sector, 3 in miscellaneous sectors, 2 each in services and communication sector, and 1 company each in IT, chemicals, education, food and beverages and mining. Of the three foreign companies, 2 companies have South Korean origins. They plan to do business in engineering and construction sector each, while one company has Netherlands’ origin and it works in the IT sector. Two foreign companies were registered in Lahore and one in Karachi.

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