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264 companies registered in October

Staff Report

ISLAMABAD: The Securities and Exchange Commission of Pakistan registered 264 companies in October this year as compared with 202 companies registered in October 2004, showing an increase of 31 percent.

According to an official announcement, of the 264 companies, 258 were limited by shares, including nine public-unlisted companies, 244 private companies and five single-member companies. Apart from these, two non-profit associations, three foreign companies and one company limited by guarantee were also registered.

The Company Registration Office (CRO) at Lahore registered the highest number of 93 companies, followed by Karachi and Islamabad with 83 and 60 companies each. The CRO Faisalabad registered 14 companies and Peshawar, Multan, Quetta and Sukkur CROs registered eight, four, one and one companies, respectively.

Of the total, 51 companies were registered in the services sector, followed by 26 in communications, 21 in real estate development sector, 20 in trading and 19 in information technology sector.

The total authorized and paid-up capital of the 258 limited by shares companies registered during the month amounted to Rs 3,517.95 million and Rs 314.51 million. A total of 22 companies have also raised their authorized capital in October, with an increment of Rs 1,363.8 million.

The month of October saw a slight decline in registration mainly due to the overall sluggish activity in Ramadan and due to the earthquake in the country. However, the total registrations showed an increase of 31 percent over the same month of the previous year, which is an encouraging figure.

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