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The corporate sector in Pakistan was governed by the Companies Ordinance 1984 which was promulgated on 8 October 1984 and repealed the Indian Companies Act, 1913. It is now replaced by Companies Ordinance 2016. The Companies Ordinance 1984 is a broad piece of Pakistani legislation that, according to its own preamble, is "An Ordinance to ...
The programme was originally based on the Indian Companies Act, 1913, which was replaced by the Companies Ordinance 1984, finally being replaced by the current Companies Ordinance 2016 in a vision to promote Western-styled corporate sector, and business activities development in Pakistan. [5]
This act effectively nullified the earlier provisions of the Companies Ordinance related to the CLA. [4] The parliament passed the Securities and Exchange Commission of Pakistan Act, which was promulgated in December 1997. Consequently, the SECP, having an autonomous status, became operational on 1 January 1999.
Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year. [1] [2]
In December 1984, the Companies Act, 1913 was replaced by the Companies Ordinance, 1984 with an order by the President of Pakistan General Zia-ul-Haq. With this Ordinance, it was also necessitated for the manufacturing concern to prepare and maintain cost accounting records and to arrange cost audit on annual basis by a Chartered Accountant or ...
National Foods was incorporated in Pakistan on 19 February 1970 as a private limited company under the Indian Companies Act, 1913 and subsequently converted into a public limited company under the Companies Ordinance, 1984 by a special resolution passed in the extraordinary general meeting held on March 30, 1988.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
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