The foreign investment has been witnessed in 16 new companies. These companies have foreign investors from Austria, China, Czech Republic, Egypt, Germany, Hong Kong, Iran, Italy, Netherlands, Panama and the UAE.
These companies are from corporate agricultural farming, fuel and energy, information technology, mining and quarrying, power generation, services, sugar and allied, textile, trading and transport sectors.
The highest number of companies, i.e., 136, was registered at the Company Registration Office (CRO) in Lahore. It is followed by the CROs in Islamabad and Karachi, registering 109 and 102 companies respectively.
The Multan and Peshawar CROs registered 28 and 23 companies respectively, while the CROs in Faisalabad, Quetta registered 12 and 5 companies respectively.
During the month, the returns for increase in the authorized capital of 73 companies were accepted, with the total authorized capital increment of Rs9.9 billion.
In addition, 89 companies filed returns for increase in the paid-up capital to the tune of Rs 8.22 billion