Considerable growth recorded in 3rd quarter of 2012  ISLAMABAD: A considerable growth has been recorded in the registration of non- profit associations as Securities and Exchange Commission of Pakistan (SECP) granted licenses to 14 non-profit associations under Section 42 of the Companies Ordinance, 1984, in third quarter of 2012. Education and health sectors took lead with 9 licenses, whereas pharmaceuticals, arts, power generation, fuel and energy and environment sectors has one license each. Among the associations,...

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 271 companies during the month of December with highest share of private companies in new incorporation. A total of 3,596 companies were registered during the calendar year 2011 as compared to 3,137 during 2010, reflecting an increase of 15 per cent, said a statement issued here. These companies constitute 3,239 private companies, 28 public unlisted companies, 255 single member companies, 51 not-for-profit association, 15 foreign companies,...

Evolution Business Consultants Launches fast Track Company Registration Service in Pakistan The Companies (Registration Offices) Regulations. 2003 requires up to 15 days for examination and disposal of various documents and returns for the company registration process. Today, In order to facilitate the corporate sector, Evolution Business Consultants Is proud to announce its fast Track Company Registration Services ( FTCRS) for SAME DAY COMPANY REGISTRATION. Our FTRS shall be allowed for the following processes/services in both...

Considering it expedient to have in Place a Criteria for Enlistment/Categorization of Auditors To undertake audit of insurance / takaful / reinsurance entities (‘insurers’), to ensure compliance with The various laws thereby promoting policyholders’ confidence and protecting their interests which is one of the key ingredients in the development of the insurance sector. Pursuant to powers conferred Under sub-section 48 of the insurance ordinance, 2000 which states that “Every Insurer shall appoint an auditor who shall...

FBR has ordered that all the Model Customs Collectorates shall remain open on Saturday 25, February, 2012, as a normal working day in order to facilitate the trade and industry in getting their cargo cleared for imports and exports. 2. The management of the State Bank of Pakistan and National Bank of Pakistan has been requested to provide banking facility by the designated branches on the above mentioned date to ensure the payment of duty and taxes. The port authorities/port operators have also been advised to synchronize their...