SEC registers 264 companies

Friday November 25, 2005 (2100 PST)

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ISLAMABAD, November 26 (Online): The Securities and Exchange Commission of Pakistan (SEC) registered 264 companies during the month of October by 31 percent increase over the same month of the last year.

According to notification, as many as 202 companies were registered during the corresponding month of the previous year.

The company Registration Office (CRO) at Lahore registered highest number of 93 companies followed by Karachi and Islamabad with respectively 83 and 60 companies each.

CRO Faisalabad registered 14 companies while Peshawar, Multan, Quetta and Sukkur CROs registered eight, four, one companies respectively.

Out of the total registered companies, 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 month of October saw a slight decline in registration mainly due to the overall sluggish activity in the holy month of Ramadan and due to the 8 October`s earthquake in the country.

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