LegalFAQs

In Pakistan, certain types of companies require prior permission from specific ministries or departments before they can be registered with the Securities and Exchange Commission of Pakistan (SECP). These requirements ensure that companies engaged in sensitive or regulated sectors obtain the necessary approvals to operate. Here are the key categories of companies that require such prior permissions:

  1. Security and Defense Companies:
    • Companies involved in security services, defense production, or related activities typically require permission from the Ministry of Interior and Ministry of Defense.
  2. Telecommunications:
    • Companies intending to provide telecommunication services must obtain approval from the Pakistan Telecommunication Authority (PTA).
  3. Banking and Financial Services:
    • Banks, non-banking financial companies, insurance companies, and other financial institutions need to get permission from the State Bank of Pakistan (SBP) or the Securities and Exchange Commission of Pakistan (SECP) depending on their specific regulatory requirements.
  4. Educational Institutions:
    • Companies involved in setting up educational institutions may require approval from the relevant provincial or federal education departments.
  5. Healthcare and Pharmaceuticals:
    • Companies engaged in healthcare services, pharmaceuticals, or medical equipment must get clearance from the Ministry of National Health Services, Regulations & Coordination or the Drug Regulatory Authority of Pakistan (DRAP).
  6. Broadcasting and Media:
    • Companies involved in broadcasting, media, or content creation require permission from the Pakistan Electronic Media Regulatory Authority (PEMRA).
  7. Mining and Exploration:
    • Companies engaged in mining, oil and gas exploration, and related activities must get approvals from the Ministry of Petroleum and Natural Resources or provincial mining departments.
  8. Non-Profit Organizations (NPOs) and NGOs:
    • Non-profit organizations and non-governmental organizations need prior clearance from the Ministry of Interior, especially if they have foreign funding or involvement.

These permissions are necessary to ensure compliance with sector-specific regulations and to safeguard national interests. The SECP has detailed guidelines on its website and in its regulatory framework about the necessary approvals and the process for obtaining them.

By The Josh and Mak Team

Josh and Mak International is a distinguished law firm with a rich legacy that sets us apart in the legal profession. With years of experience and expertise, we have earned a reputation as a trusted and reputable name in the field. Our firm is built on the pillars of professionalism, integrity, and an unwavering commitment to providing excellent legal services. We have a profound understanding of the law and its complexities, enabling us to deliver tailored legal solutions to meet the unique needs of each client. As a virtual law firm, we offer affordable, high-quality legal advice delivered with the same dedication and work ethic as traditional firms. Choose Josh and Mak International as your legal partner and gain an unfair strategic advantage over your competitors.

error: Content is Copyright protected !!
Josh and Mak International
Privacy Overview

Dear website visitor,

We use third-party cookies on our law firm website to enhance your browsing experience and provide you with relevant content and services. Third-party cookies are created by domains other than our website and are used for various purposes, such as tracking website analytics and serving targeted ads. The third-party cookies we use on our website are provided by Google Analytics, a web analytics service provided by Google, Inc. Google Analytics uses cookies to analyze how visitors use our website and provide us with reports on website activity. The information generated by these cookies is transmitted to and stored by Google on servers in the United States. We also use third-party cookies to serve targeted advertisements to website visitors. These cookies are provided by advertising networks and allow us to deliver advertisements that are relevant to your interests. By using our website, you consent to our use of third-party cookies as described in this policy. If you do not wish to accept cookies from our website, you can disable or delete them through your browser settings. However, please note that disabling or deleting cookies may affect your browsing experience and prevent you from accessing certain features of our website. If you have any questions or concerns about our use of cookies, please contact us using the contact details provided on our website. Thank you for visiting our website.

Best regards,

The Josh and Mak Team