Pakistan Inc
Encyclopedia
Pakistan Inc. is a common term used by the Pakistani media
to refer to the corporate sector of the nation.
The Companies Ordinance 1984 allows a variety of formations in the mixed economy
of Pakistan.. The Board of Investment
estimates that there were 43,965 companies registered in Pakistan as detailed below:
has registered 920 new companies in the first quarter of 2005. The Company Registration Office at Lahore registered the most number of companies at 324, CRO Karachi 285 companies, and CRO Islamabad 211 companies.
Of the 920 companies, 898 were limited by shares comprising 21 public unlisted companies, 840 private companies, and 37 single member companies. In addition, the Commission also registered 11 foreign companies, 9 associations not-for-profit and 2 companies limited by guarantee. Total authorized capital and paid up capital of the companies limited by shares amounted to Rs.50 billion and Rs.2 billion, respectively.
The services sector recorded 161 new incorporations, followed by 121 in trading, 64 in Information Technology, 59 in communication, 50 in fuel and energy, 49 in the real estate development, 38 in construction and 37 in textile sector. The SECP encourages and facilitates corporatisation of all businesses so that the corporate sector contributes towards the economic development of the country.http://www.paktribune.com/news/index.shtml?157442
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
to refer to the corporate sector of the nation.
The Companies Ordinance 1984 allows a variety of formations in the mixed economy
Mixed economy
Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies. Most mixed economies can be described as market economies with strong regulatory oversight, in addition to having a variety...
of Pakistan.. The Board of Investment
Pakistan Board of Investment
Board of Investment is the investment promotion agency of Pakistan. The Board of Investment assists companies planning to invest in Pakistan or to expand their Pakistani operations. The Board of Investment is a member of the World Association of Investment Promotion Agencies .- History :The...
estimates that there were 43,965 companies registered in Pakistan as detailed below:
| Companies Incorporated | 43,618 | Financial Services Companies | 244 | Insurance Companies | 56 | Banking Companies | 47 |
|---|---|---|---|---|---|---|---|
| Private companies limited by share | 39,628 | Modaraba companies | 64 | Local general insurance companies | 48 | ||
| Public non-listed companies | 2,214 | Investment advisors | 57 | Local life insurance companies | 3 | ||
| Public listed companies | 687 | Modarabas | 47 | Foreign general insurance companies | 3 | ||
| Foreign companies | 643 | Close-end mutual fund Mutual fund A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :... s |
37 | Foreign life insurance companies | 2 | ||
| Welfare organisations and associations | 357 | Leasing companies | 30 | ||||
| Trade companies limited by guarantee | 83 | Asset management companies | 4 | ||||
| Unlimited companies | 6 | Open-end mutual funds | 3 | ||||
| Credit rating companies | 2 |
Growth trend
The Securities and Exchange Commission of PakistanSecurities and Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan is an autonomous body whose purpose is to develop a modern and efficient corporate sector and a capital market based on sound regulatory principles, in order to foster economic growth and prosperity in Pakistan.-History:The Securities and Exchange...
has registered 920 new companies in the first quarter of 2005. The Company Registration Office at Lahore registered the most number of companies at 324, CRO Karachi 285 companies, and CRO Islamabad 211 companies.
Of the 920 companies, 898 were limited by shares comprising 21 public unlisted companies, 840 private companies, and 37 single member companies. In addition, the Commission also registered 11 foreign companies, 9 associations not-for-profit and 2 companies limited by guarantee. Total authorized capital and paid up capital of the companies limited by shares amounted to Rs.50 billion and Rs.2 billion, respectively.
The services sector recorded 161 new incorporations, followed by 121 in trading, 64 in Information Technology, 59 in communication, 50 in fuel and energy, 49 in the real estate development, 38 in construction and 37 in textile sector. The SECP encourages and facilitates corporatisation of all businesses so that the corporate sector contributes towards the economic development of the country.http://www.paktribune.com/news/index.shtml?157442
See also
- Board of InvestmentPakistan Board of InvestmentBoard of Investment is the investment promotion agency of Pakistan. The Board of Investment assists companies planning to invest in Pakistan or to expand their Pakistani operations. The Board of Investment is a member of the World Association of Investment Promotion Agencies .- History :The...
- Securities and Exchange Commission of PakistanSecurities and Exchange Commission of PakistanThe Securities and Exchange Commission of Pakistan is an autonomous body whose purpose is to develop a modern and efficient corporate sector and a capital market based on sound regulatory principles, in order to foster economic growth and prosperity in Pakistan.-History:The Securities and Exchange...
- Karachi Stock ExchangeKarachi Stock ExchangeThe Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi's Business...
- List of Pakistani companies