Balochistan witnesses record corporate growth | Pakistan Today

Balochistan witnesses record corporate growth

Balochistan has witnessed record corporate growth as over 1,000 companies got registered with the Securities and Exchange Commission of Pakistan (SECP) company registration office Quetta. A total of 57 companies were registered in Quetta during last fiscal year as compared to 22 companies registered during 2009-10 showing an increase of 159 per cent. The portfolio of registered companies in Balochistan now comprises of 14 public listed, 22 public unlisted, 938 private, 15 single member companies, 7 non-profit associations, 4 trade organizations, and 1 foreign company. Total authorized capital and paid-up capital of these companies is Rs26 billion and Rs16 billion, respectively.
The sector-wise breakdown shows that 376 companies were registered in Hajj and Umrah services, followed by 105 companies in trading, 94 in tourism, 53 in mining, 46 in food and beverages, 40 in services, 30 in construction and 25 in the communication sector. It is a milestone in the corporate growth history of Baluchistan, reflecting the progressive development of a corporate culture in the region. The unbound potential of corporatisation in Balochistan can be utilised for development, and it is committed to continuing its efforts to provide impetus to corporatisation and economic development in the province.

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