SECP sets up designated Mandarin-speaking help desk to facilitate investors from China
Gwadar Pro
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has set up a designated help desk to facilitate investors from China, the Commission said.
In a statement, the SECP elaborated that the Chinese Help Desk was staffed with a team proficient in Mandarin and aimed to provide requisite support to Chinese investors for registration of their businesses in Pakistan.
Besides, Company Incorporation Guide in Chinese, Turkish, Arabic, Urdu and Spanish languages are also available at SECP’s website, it added.
The SECP informed that 2,349 new companies were registered in February 2022, raising the total number of registered companies to 163,333.
The accumulated capitalization (paid-up-capital) of newly incorporated companies is Pakistani Rs 2.2 billion, added the SECP.
During February, foreign investment has been reported in 50 new companies. These companies have foreign investors from China, Afghanistan, Bahrain, Burma (Myanmar), Cyprus, France, Germany, Hong Kong, Japan, Korea South, Kyrgyzstan, Lebanon, the Netherlands, Niger, Norway, Saudi Arabia, Singapore, Sri Lanka, Turkey, the UK, the US and Yemen.
In February, about 62 percent companies were registered as private limited companies, while 35 percent were registered as single member companies while remaining 03 percent were registered as public unlisted companies, not for profit associations, trade organizations, foreign companies and Limited Liability Partnership (LLP).
About 99.5 percent of companies were registered online and 236 foreign users were registered from overseas.
According to the statement, the real estate development and construction sector took the lead with incorporation of 453, information technology with 334, trading with 287, services with 221, education with 106, commerce with 91, marketing and advertisement with 77, food and beverages, and textile with 73, tourism with 65, corporate agricultural farming with 54, healthcare with 49, engineering with 47, transport with 38, pharmaceutical with 34, power generation with 31,lodging with 28, chemical with 27, communications with 26, paper and board with 25, mining and quarrying with 24, cosmetics and toiletries with 20, cables and electric goods with 18, auto and allied with 17, fuel and energy with 16, broadcasting and telecasting with 13, steel and allied with 12 and 90 companies were registered in other sectors.
The SECP has recently integrated its eServices with the Federal Board of Revenue (FBR) and various provincial departments, as a result of that 2,320 companies were registered with FBR, 54 companies with Employees’ Old-Age Benefits Institution (EOBI), 15 companies with Punjab Employees’ Social Security Institution (PESSI) and Sindh Employees’ Social Security Institution (SESSI) and another 30 companies with Excise and Taxation department.
