Tag Archives: Securities and Exchange Commission of Pakistan

SECP Registered Over 4,000 New Companies This Year

SECP Registered Over 4,000 New Companies This Year


admin | January 9, 2018 | category: Business

SECP Registered Over 4,000 New Companies This Year. With the registration of 4,954 new companies during the first half of the current fiscal year with the Securities and Exchange Commission of Pakistan (SECP) the number of companies have been increased to 83,879. According to SECP sources, as compared to last year, there has been 44 percent growth registered in the new companies this year that indicate the growth in the industrial sector of the country.

The details released by the SECP , there has been massive increase in number of new companies due to various reform measures taken by the government and simplification of incorporation procedure, reduction in fee. About 82 percent of companies were registered as private limited companies, while around 16 percent were registered as single-member companies.

The data indicated that two percent of the companies were registered as public listed, non-profit associations, trade organizations and foreign companies> The trading sector took the lead with the incorporation of 783 companies, services with 729, construction with 625, information technology with 599, tourism with 274, food and beverages with 164, engineering with 155, education with 148, corporate agricultural farming with 126, real estate development with 106, transport with 100, pharmaceutical with 86, textile with 77, communication with 76, fuel and energy with 75, auto and allied and healthcare with 71 each, cable and electric goods with 58, broadcasting and telecasting with 57, chemical with 55, power generation with 47, paper and board with 46, mining and quarrying with 45, steel and allied with 38, cement with 9 and 334 companies were registered in other sectors.
Moreover, 35 foreign companies were also registered by SECP in Karachi, Lahore and Islamabad while foreign investment has been reported in 329 new companies.
These companies have foreign investors from Afghanistan, Australia, Austria, Azerbaijan, Belarus, Belgium, Canada, Cayman Islands, China, Denmark, Egypt, Germany, Greece, Hong Kong, Indonesia, Iran, Ireland, Italy, Jordan, South Korea, Lebanon, Macedonia, Malaysia, Mauritius, Mexico, Netherlands, Nigeria, Norway, Philippines, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, UAE, the UK, Ukraine and the US.

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SECP Warns People Not To Invest in Bitcoin & Other Crypto Currencies and Starts Crack Down Against Illegal Traders in Pakistan

SECP Warns People Not To Invest in Bitcoin & Other Crypto Currencies and Starts Crack Down Against Illegal Traders in Pakistan


Sumera Saeed | April 14, 2017 | category: Business

SECP Warns People Not To Invest in Bitcoin & Other Crypto Currencies and Starts Crack Down Against Illegal Traders in Pakistan

Securities and Exchange Commission of Pakistan (SECP) has warned the people not to make investments in Bitcoin & Other Crypto currencies to avoid scam. According to SECP a number of companies in Pakistan are offering investment plans Bitcoin, Swisscoin, OneCoin and other virtual and digital currencies, but are not under the authorized identity under SECP.

So SECP warns the people that to invest with these fake and unregistered companies are risky and can be a deceitful pyramid scheme.

Securities and Exchange Commission of Pakistan (SECP) has revealed that a number of unlicensed operators are carrying out illegal trading operations in currency/commodity futures, across various cities of Pakistan in partnership with foreign counterparts, by using foreign trading platforms/exchanges.

The SECP has started a creak down against these illegal and unregistered companies and has initially got preliminary data  against  over  30  illegal  operators presently  busy  in  unlicensed  trading  activities.  The

The SECP has decided to forward this initial list of illegal brokerage houses and their suspected agents to the FIA for an immediate crackdown.

The  SECP  is  sure  that  cracking  down  on  the  black  market  will  go  a  long  way  in defending  investors,  lift up  government  revenues  by  transforming  the  illegal  into legal activity  in  the  regulated  and  documented  sector,  and  saving  the  foreign  exchange  currently being  sent  abroad.

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