The Securities and Exchange Commission of Pakistan (SECP) has granted licences to ten non-profit associations under Section 42 of the Companies Ordinance, 1984 during the January March period.
According to the details, out of ten licences, three associations each were granted licences in the social services and healthcare sector, two each in art and education sector. In social services sector, Wishes Foundation intends to develop the rural areas, while CNFA Pakistan Center for Enterprise and Development has been established to work for economic development of the under-privileged classes of the society and Institute of Development and Economic Alternatives has been formed to promote and manage policy research and advocacy for the socio-economic development.
In the healthcare sector, Federal Liver Transplant Endowment Fund having Capital Administration and Development Division (CADD), Cabinet Secretariat, as its promoter has been formed to promote liver transplant facilities and to provide financial support to needy patients for liver transplant at the Pakistan Institute of Medical Sciences (PIMS) Islamabad.
The Asian Society of Neurological Surgeons has been set up to promote science and practice in the field of neurological surgery and care. Pashuma Health Foundation has been formed to aid and run thalassemia hospitals, and other centers connected with the care of the human body, both in urban and rural areas of Pakistan. In the arts sector, an association namely Institute for Preservation of Art and Culture has been established to conduct research and training in the field of Art and Culture and to support, and encourage projects concerned or dealing with the preservation and reuse of architectural structures and sites in Pakistan.
