Cipla Q1 PAT rises 10% to Rs 1,298 cr; income at Rs 6,957 cr
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Business Recorder
18 minutes ago
- Business Recorder
SECP registers record 4,065 cos in July
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has achieved a historic milestone by registering a record 4,065 companies in July 2025-the highest monthly registrations to date, surpassing the previous record of 3,609 set in May 2025. With 99.9% of incorporations processed digitally, the total number of registered companies in Pakistan now stands at 262,309. The total paid-up capital for July 2025 amounted to Rs. 4.96 million. Private limited companies accounted for 57% of new registrations, followed by single-member companies at 39%. The remaining 4% comprised public unlisted companies, not-for-profit organizations, companies limited by guarantee, and limited liability partnerships. The Information Technology and e-commerce sectors led with 862 new incorporations, followed by trading (530), services (468), and real estate development and construction (398). Other active sectors included tourism and transport (295), food and beverages (203), education (148), marketing and advertisement (98), mining and quarrying (95), textiles (91), pharmaceuticals (86), agricultural farming (74), engineering (64), cosmetics and toiletries (59), and chemicals and healthcare (56). An additional 482 companies were registered across other sectors, including fuel and energy, non-profits under Section 42, auto and allied, power generation, and communications. Foreign investment also showed positive momentum, with 96 newly registered companies receiving capital from international investors across diverse jurisdictions. As part of its efforts to enhance market access and financial inclusion, the SECP issued a total of 60 licenses during the month across multiple regulatory domains, including five in capital markets, one in insurance, two to non-banking financial companies (NBFCs), and fifty-two to not-for-profit associations. Following the recent Registrars Conference, the SECP is launching a comprehensive awareness drive to promote the advantages of incorporation among the business community. These benefits include limited liability, separate legal entity status, enhanced credibility and scalability, perpetual succession, structured governance, tax efficiency, easier access to finance, and stronger brand protection. The SECP remains committed to strengthening its digital infrastructure and streamlining regulatory processes to promote entrepreneurship, attract investment, and support sustainable economic development. Copyright Business Recorder, 2025
Business Recorder
18 minutes ago
- Business Recorder
Cut in circular debt: FPCCI leader for benefiting consumers
KARACHI: Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Amaan Pracha has demanded that the benefit of the significant reduction in the power sector's circular debt be passed on to electricity consumers. He stated that there has been a reduction of Rs. 700 billion in circular debt, bringing it down from Rs. 2,300 billion to Rs. 1,600 billion. He added that the main reasons for this decrease are reduced electricity losses, improved recoveries by Discos (distribution companies), and savings from renegotiated agreements with IPPs (Independent Power Producers). Therefore, the government should significantly reduce electricity tariffs to help alleviate the financial burden on trade and industry. In addition, Amaan Pracha appreciated the decision of the Economic Coordination Committee (ECC) to approve a technical supplementary grant for the electric vehicle subsidy, the payment of remittance scheme claims, and the provision of free electric bikes to high-performing students of public colleges under the subsidy scheme. Copyright Business Recorder, 2025
Hans India
19 minutes ago
- Hans India
Haj pilgrims urged to avail of Vijayawada embarkation point
VIJAYAWADA: The Chairman of the Andhra Pradesh State Haj Committee, SK Hasan Basha, has urged Haj pilgrims to make full use of the Vijayawada Embarkation Point this year. He expressed gratitude to the State leadership for their commitment to the welfare of pilgrims and to retain embarkation point at Vijayawada. Addressing the media on Wednesday, Sk Hasan Basha said as promised in the election manifesto, the State government is providing Rs 1 lakh financial assistance to each Hajj pilgrim and Chief Minister N Chandrababu Naidu successfully secured Vijayawada as an official embarkation point for Haj. He said Haj pilgrims traveling this year are encouraged to choose Vijayawada as their departure point to ensure the continuation of these services in future. He said the coalition government has taken significant steps to improve facilities for pilgrims, correcting previous shortcomings. The Chairman thanked CM Chandrababu Naidu, Deputy CM Pawan Kalyan, and Education Minister Nara Lokesh for their active support. Hasan Basha stated that the Central Haj Committee has allotted 2,550 slots for Andhra Pradesh pilgrims this year. He recalled that last year, 72 pilgrims from Vijayawada received Rs 1 lakh each from the coalition government, which was widely appreciated. He said in order to retain the embarkation point in Vijayawada in future, a large number of pilgrims must depart from Vijayawada Airport only. So far, over 1,900 pilgrims have already applied through Vijayawada, and a request has been submitted to the Central Haj Committee to extend the application deadline, which ends on August 7, he added. Hasan Basha also noted that previously, most pilgrims travelled via Hyderabad and Bengaluru, but this year, the Haj Committee has actively promoted Vijayawada to increase awareness and participation.
