SECP registered 386 companies in July

ISLAMABAD (Staff Reporter): The Securities and Exchange Commission of Pakistan (SECP) has registered 386 new companies during July 2015. The companies’ registration has witnessed an increase of 11 percent during July 2015 as compared to the corresponding period last year when 348 companies were registered. Out of 386 companies registered during July 2015, around 86 percent of companies have been registered as private limited companies, while around 9 percent were registered as single-member companies. Five percent of the companies were registered as public unlisted, non-profit associations, trade organisations and foreign companies.

The services sector took the lead with the incorporation of 58 companies, followed by trading with 48, information technology with 38, tourism with 27, construction with 26, engineering with 14, corporate agricultural farming with 13, textile with 12, communications and education with 11 each and power generation with 10 companies. Moreover, 4 foreign companies were also registered by the CROs in Islamabad, Karachi and Lahore.

Foreign investment has been reported in 20 new companies. These companies have foreign investors from Afghanistan, Australia, China, Germany, Indonesia, Italy, Libya, New Zealand, Norway, Qatar, Singapore, South Korea, Tunisia, the US and UK. These companies are from auto and allied, communications, food and beverages, information technology, power generation, real estate development, services, trading and transport sectors.

During the year, the highest numbers of companies, i.e. 136, were registered at the Company Registration Office (CRO), Lahore, followed by 106 and 86 registered at CRO Islamabad and Karachi respectively. The CROs in Multan, Faisalabad, Peshawar, Quetta and Sukkur registered 25, 13, 9, 8 and 3 companies respectively.

PEFSA holds photo exhibition to highlight Sindh malnutrition

ISLAMABAD (Staff Reporter): PEFSA has organised a photo exhibition to show solidarity with the people of Sindh, especially women and children who are victims of food insecurity and malnutrition. Participants of the photo exhibition, held in PNCA, maintained that under nutrition in Sindh is a multidimensional problem with many direct and underlying causes. It therefore requires an integrated approach with multi-sectoral interventions and alignment of activities for a sustained impact on the nutrition outcomes. Speaking on the occasion Arif Jabbar Khan Country Director of Oxfam said PEFSA with the support of ECHO has been implementing nutrition sensitive programmes to overcome malnutrition.

and food insecurity in Pakistan, particularly in Sindh.

This integrated approach better helped to reduce the prevalence of acute under nutrition among children under 5 and improved the nutritional status of mother and children. “Although we have reached a million of people but it is still only a drop in the ocean and there is a long way ahead,” he said. So many children are suffering due to causes which can be easily prevented and addressed with effective public policy interventions.

To address the issue of under nutrition in Sindh, PEFSA has been implementing a nutrition sensitive programme in two districts of Sindh including Sanghar and Badin. The project is focusing on treatment of malnutrition, ensuring increased food security, reducing incidence of water born diseases in target communities with positive impacts on nutrition status.

The photographs displayed showed the lives of the people in Sindh and how the inter sectoral approach has been effective in improving their lives.

However, there are still unmet needs on ground. The districts where PEFSA is implementing projects also covered under the nutrition PC-1 of government of Sindh. Delays in implementation would means that the affect population would continue to suffer from malnutrition. PEFSA calls for effective and timely implementation of the nutrition PC1 along with further increased allocation for nutrition sensitive programmes so that various cycle of malnutrition can be stopped.

No shortage of vegetables in market

LAHORE (APP): There is no shortage of vegetables in the market as the supply of commodities is normal. AMIS sources while talking to APP on Monday, said that prices of vegetables were fluctuating due to gap between supply and demand. Regarding prices of tomatoes, the sources said that in this season the tomato supply comes from KP and Balochistan, which had been disturbed due to heavy rains in Chitral and FATA. The quarters concerned had taken effective steps to overcome the problem by importing tomatoes from neighbouring country, sources added. Sources further said the government was continuously monitoring the prices of vegetables to ensure the provision of quality vegetables to consumers at reasonable rates.

According to today's market rate Potatoes (New) are being sold at minimum Rs 28 and maximum Rs 30 per/kg, Onion minimum at Rs 33 and maximum at Rs 35 per/kg, Tomato minimum Rs 57 and maximum Rs 60, Brinjal minimum Rs 21 and maximum Rs 23 per/kg, Lady Finger minimum Rs 50 and maximum Rs 53 per/kg, Peas minimum Rs 120 and maximum Rs 126 per/kg, Cauliflower minimum Rs 40 and maximum Rs 46 per/kg.

TDAP to hold mango show during PM visit of Belarus

ISLAMABAD (APP): Trade Development Authority of Pakistan (TDAP) would organize mango show during the visit of Prime Minister Muhammad Nawaz Sharif at Belarus. A Spokesman of the TDAP in a statement issued here Monday said that “Mango Show” would be held with the theme ‘A taste of Pakistan” on August 11 at the shopping centre”Stolitsa”. The shopping center “Stolitsa” is located in the center of Minsk between the building of the Government of Belarus and the City, the TDAP said. Its statement further said that the shopping center “Stolitsa” would have a high attendance during the Mango Festival on August 11,2015. In this regard, Ministry of Trade, Republic of Belarus is providing all possible assistance for the event.

Display area would be decorated with publicity and promotion material related with mangoes from Pakistan, LED screens will showcase video documentaries on mangoes. Mangoes would be displayed and live mango tasting by chefs would also be organized on the event date.

Newsletter on mangoes from Pakistan, CD on mangoes would be distributed among the visitors during the event.

High dignitaries from both the countries were expected to visit this event, the statement added.

The TDAP further said that in order to promote Pakistani mangoes, Trade Development Authority of Pakistan has organized mango shows during current mango season at United Kingdom, Hong Kong, Malaysia and other countries.

Interests of masses be preferred in new auto policy

ISLAMABAD (APP): The government should prefer interests of masses supreme in the upcoming auto policy while discouraging manufacturers exploiting masses, Islamabad Chamber of Small Traders said here on Monday. Pakistan’s automobile industry has been selling low quality cars to masses on inflated rates which must not continue, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt here in a statement. He said that local manufacturers have been receiving incentives while their output is unsatisfactory as far as the quality, safety, consumption, expansion,technology up-gradation and price of vehicles is concerned.

The quality of locally manufactured cars has gone down to an extent that some models of second-hand imported cars are costly in the market as compared tothe new models of same cars being manufactured locally, he added.

He said that government should not ban import of used cars as it will endcompetition and hurt millions of people directly or indirectly associated withthis business.

Many leading automakers of European Union had tried to introduce their products and establish manufacturing facilities which were frustrated by localcartel with the help of government officials, he informed.

Butt asked the government to provide incentives to European and American car-makers to establish manufacturing facilities in Pakistan which would helplocal companies to focus on quality and reduce prices.