The Securities and Exchange Commission of Pakistan (SECP) has granted licenses to 9 non-profit associations under Section 42 of the 1984 Companies Ordinance from April to June, 2012. A statement issued by SECP said out of 9 licenses, 4 associations plan to work in the social services and 3 associations in healthcare sector and 1 each in education sector and the media. In the social services sector, Indus Crafts Foundation has been formed to revitalize the traditional hand-made crafts of Pakistan. Dabistan-e-Iqbal is formed to promote understanding about the works, philosophy and message of Allama Iqbal.
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