- Pakistan Inc
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" [http://www.pakboi.gov.pk/Useful_Links/registered_companies.html estimates] that there were 43,965 companies registered in Pakistan as detailed below:Growth trend
The
Securities and Exchange Commission of Pakistan has registered 920 new companies in the first quarter of 2005. TheCompany 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]
ee also
*
Karachi Stock Exchange
*List of Pakistani companies
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