How to Register Oil & Gas Company Registration in Pakistan

This blog is written by Mr. Rizwan Abbas, Senior Associate Taxation and Corporate Services. Please read this blog and prove your valued comments.

How to Register Oil & Gas Company Registration in Pakistan

Pakistan with ideal geographical location is recognized as gateway to central Asia and other states of the region. Energy sector contributes considerable sum of money. Government of Pakistan has stated the Power Sector as one of the top priority for investment and is taking all necessary measures to build a more conducive environment by simplifying procedures to facilitate potential investors. These two components of energy contribute 77.40% to the energy requirement of Pakistan. Pakistan has estimated oil reserves of 303.63 million barrels while its current production is 65,531 barrels per day. Many national and multinational oil and gas companies are working in Pakistan.

Oil and gas sector is vast and diversified industry each activity relating to the sector require unique type of services, these activities range from drilling of oil/gas well to provision of food at rigs and well. Thousands of companies  directly and indirectly relating to oil  and gas sector are working in the country which include drilling  companies, oil marketing companies ,oil and gas service providers and oilfields services companies.
Exchange Limited (formerly: Karachi Stock Exchange Limited) KSE-100 Index is the bench mark for our market, it comprises Registration

Requirement

There are two types of registrations are associated with Registration with SECP

First step is registration with Securities and Exchange Commission of Pakistan. Following Steps involved in registration

  • Name Availability
  • Documentation
  • Deposit of Fee
  • Submission of Documents
  • Resubmission
  • Issue of Incorporation Certificate

Regulatory Requirements:

Depending upon the nature of a business of a company

Companies are required to be registered with Oil and Gas Regulatory Authority (OGRA)

  • LPG/ LNG Companies
  • Oil Marketing Companies
  • Oil Testing Companies

The companies are picked on market capitalization ranking, without any consideration for the sector to make a sample of 100 common stocks with base value of 1,000 in late 1991. There are two other indices; KSE-30 Index, which is based on free float capitalization of top 30 companies and KSE all shares Index which is based on full market capitalization of all listed companies at the Exchange.
An index, a composite figure, becomes a benchmark index when you choose it as the standard against which to measure your own portfolio’s performance over time. Many investors like to keep track of how companies are performing in general. When a company’s share price moves up or down, it shows, whether it is perceived to be lucrative by the investors.

Movements in share prices are measured by various indices. These provide a benchmark against which you can compare the performance of your shareholdings.

The most quoted index is the KSE-100. It comprises of the 100 largest companies on the Stock Exchange and is updated minute by minute during trading hours. The index reflecting all the companies on the Stock Exchange is the KSE-All Share Index and the KSE-30 Index comprises of top 30 companies.
Various investment companies have made their own indices to keep track of the performance of their portfolios. There are three major types of indices calculated to help private investors track the performance of their investment portfolios:

  1. The Income Portfolio represents the performance of a portfolio designed to provide a regular flow of income.
  2. The Growth Portfolio is for the investor seeking capital growth in his or her portfolio.
  3. The Balanced Portfolio represents a balanced portfolio providing both capital and income.
  4. The indices are made up of three broad types of asset: Pakistani equities, foreign equities, bonds and PIBs.The Income Portfolio represents the performance of a portfolio designed to provide a regular flow of income.
  5. The Growth Portfolio is for the investor seeking capital growth in his or her portfolio.
  6. The Balanced Portfolio represents a balanced portfolio providing both capital and income.

The indices are made up of three broad types of asset: Pakistani equities, foreign equities, bonds and PIB.market, it comprises of the top companies from each of the 34 sectors on the PSX, in terms of market capitalization. The rest of the companies are picked on market capitalization ranking, without any consideration for the sector to make a sample of 100 common stocks with base value of 1,000 in late 1991. There are two other indices; KSE-30 Index, which is based on free float capitalization of top 30 companies and KSE all shares Index which is based on full market capitalization of all listed companies at the Exchange.

Rizwan Abbas