24 companies having foreign investment registered with SECP last month.

ISLAMABAD, June 04, 2009 (Balochistan Times) -- The Securities and Exchange Commission of Pakistan (SECP) registered 24 companies having foreign investment, during the month of May, 2009, as compared to 16 such companies in April, 2009. According to SECP, it has been observed that foreign investors having participation in these companies belong to a diversified geographical spread of countries around the globe. Indeed, this is a positive sign as it reflects a renewed confidence in Pakistani markets and economy. Foreign investors from USA have participation in 5 companies followed by UK, Canada and China in 3 companies each. Other foreign investors belong to Nigeria and Afghanistan in 2 companies each and Denmark, North Korea, Germany, Zambia, Ghana, Switzerland, Iran and Turkey having participation in one company each. Of these 24 companies, foreign investment has been made in five companies each in the top sectors of services and trading sector. Others include three companies in communications, two each in food and beverages, construction and power generation, and one each in information technology, tourism, fertilizer and mining sector. In addition, nine foreign companies have also been registered during May, 2009, for establishing their places of business in Pakistan.

(THROUGH ASIA PULSE)