‘EOIs for Pakistan Steel to be invited soon’
July 10, 2021
ISLAMABAD: The government will soon invite expression of interest (EOIs) related to sale of core operating assets to the private sector, privatisation minister said on Friday.
“We are resolving the pending matters in collaboration with the main stakeholders and the EOIs are likely to be invited very soon,” Minister for Privatisation Mohammedmian Soomro said during the fifth Privatisation Commission Board meeting of the current year.
Secretary Privatisation, Pakistan Steel Mills CEO, representative from the ministry of industry and production, PC Board members and senior officers of the ministry attended the meeting.
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ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) registered 2,504 new companies in June 2021, indicating a growth of 63 per cent as compared to corresponding period last year. The total number of registered companies increased to 145,913. Ninety-nine per cent of these were incorporated online and 45 per cent applicants were issued registration certificates the same day, whereas 203 new foreign users were registered from overseas. Of the newly registered companies, 65 per cent were registered as private limited companies, 31 per cent as single member companies and four per cent as public unlisted companies, not for profit associations, foreign companies and limited liability partnership (LLP). Total capitalisation (paid-up-capital) of newly incorporated companies for the current month is amounted to Rs3.3 billion. The construction & real estate sector took the lead with the incorporation of 474, trading with 382, I.T with 275, services with 216, e-Commerce wi
Daily Times
July 10, 2021
The Securities and Exchange Commission of Pakistan (SECP) registered 2,504 new companies, including 66 having foreign investment, in June 2021, showing a growth of 63 percent as compared to the number of companies registered during the corresponding period of the last year.
With the registration of 2,504 new companies, the total number of registered companies has increased to 145,913, said the SECP in a statement on Friday.
The SECP said that 99 percent of these were incorporated online and 45 percent of applicants were issued registration certificates the same day, whereas 203 new foreign users were registered from overseas. Of the newly registered companies, 65 percent were registered as private limited companies, 31 percent as single-member companies and four percent as public unlisted companies, not-for-profit associations, foreign companies and limited liability partnerships (LLP).
A meeting of the Privatisation Commission’s board, chaired by Minister for Privatisation Mohammadmian Soomro, discussed matters related to the Pakistan Steel Mills’ revival on Friday. PID
ISLAMABAD: Expressions of Interest (EoI) for the revival of Pakistan Steel Mills (PSM) are likely to be invited by the end of July, it was officially announced on Friday.
A meeting of the Privatisation Commission’s board, chaired by Minister for Privatisation Mohammadmian Soomro, discussed matters related to the PSM’s revival. Pending matters are now being resolved in collaboration with the main stakeholders, the minister said. There were a few corporate actions which were to be taken by stakeholders including the Ministry of Industries and Production (MoIP) and the Steel Mills, he added.
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