Leasing
Association of Pakistan was established as an
Association of Persons (AOP). The Association
was granted Licence No.139 under section 3 of
the Trade Organisations Ordinance, 1961 by Ministry
of Commerce, Government of Pakistan on 28th March
1995 and thereafter granted Certificate of Incorporation
under section 32 & 42 of the Companies Ordinance,
1984 by SECP with effect from 22nd June 1995.
Leasing in the organized sector started in mid
Eighties and the first leasing company was established
in 1985. Prior to eighties the concept of hire
purchase was the only mode of installment sales,
which was, rarely used. [ read
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I am pleased to present the 13th edition of the Leasing Year Book 2009
of the Leasing Association of Pakistan (LAP) covering statistics of the sector
for the year ended June 30, 2009. The Executive Committee records its
appreciation of the contribution by Members and the Secretariat of LAP in
making this year book a widely acclaimed publication.