Operating as an Open-end Equity Fund Since 1962, NI(U)T is the flagship carrier of a diversified portfolio of Collective Investment
Schemes managed by NITL with net assets of PKR 75.93 billion and 48,252 unit holders. NATIONAL INVESTMENT (UNIT) TRUST CONDENSED INTERIM STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31, 2018
March 31, June 30, Note 2018 2017 (Unaudited) (Audited) ------Rupees in '000------ASSETS
Bank balances 5 1,390,068 3,541,231 Investments 6 75,621,259 82,934,990 Receivable against sale of investments 122,119 - Dividend and other receivables 7 566,377 324,225 Security deposits 2,600 2,600 Total assets 77,702,423 86,803,046
LIABILITIES
Short term borrowings - 1,200,000 Payable to National Investment Trust Limited - Management Company 8 174,736 303,355 Payable to Central Depository Company of Pakistan Limited - Trustee 9 2,814 2,950 Payable to Securities and Exchange Commission of Pakistan 52,565 77,978 Payable against redemption of units 20,845 20,960 Payable against purchase of investments 1,690 - Accrued expenses and other liabilities 10 834,993 853,897 Dividend payable and unclaimed distribution 11 686,146 2,550,493 Total liabilities 1,773,789 5,009,633
NET ASSETS 75,928,634 81,793,413
Unit holders' fund (as per statement attached) 75,928,634 81,793,413
Contingencies and commitments 12
(Number of units in '000)
Number of units in issue 964,847 976,812
Net assets value per unit 78.70 83.74
The annexed notes 1 to 17 form an integral part of this condensed interim financial information.
For National Investment Trust Limited (Management Company)
Sd/- Sd/- Sd/- Managing Director Director Director
08 NATIONAL INVESTMENT (UNIT) TRUST CONDENSED INTERIM INCOME STATEMENT (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018
Nine months period Three months period ended, ended, 2018 2017 2018 2017 ------(Unaudited)------Note ------Rupees in '000------INCOME Dividend income 2,331,852 2,187,607 787,043 1,003,887 Gain on sale of investments-net 1,605,947 2,711,938 799,954 885,308 Net unrealized (diminution) / appreciation on re-measurement of investments classified as' financial assets at fair value through profit or loss' 6.7 (1,148,708) 1,511,463 84,495 (109,367) Profit on bank deposits 63,760 76,455 20,748 35,894 Income on issue of units - 4 - - Reversal of provision for WWF 10.1 - 507,371 - 507,371 Total income 2,852,851 6,994,838 1,692,240 2,323,093 EXPENSES Impairment loss on equity securities classified as 'available for sale' 18,434 29,329 4,847 - Remuneration of National Investment Trust Limited -Management Company 8.1 664,637 625,216 218,201 248,865 Sindh sales tax on remuneration of Management Company 8.2 86,403 81,278 28,366 32,353 Remuneration of Central Depository Company of Pakistan Limited- Trustee 21,963 22,865 7,212 8,022 Sindh Sales Tax on Remuneration of Trustee 9.1 2,855 2,972 937 1,042 Annual fee - Securities and Exchange Commission of Pakistan 52,565 56,817 17,257 21,099 Allocation of expenses related to registrar services, accounting, operations and valuation services 8.3 55,395 59,803 17,958 22,227 Custodian charges of Central Depository Company of Pakistan Limited 2,594 244 144 112 Settlement and bank charges 1,900 849 1,352 352 Financial charges 5,767 - - - Auditor's Remuneration 919 707 253 144 Legal & Professional Charges 759 750 565 750 Printing Charges 134 100 131 100 Other Expenses 241 109 160 108 Total expenses 914,566 881,039 297,383 335,174 Net income from operating activities 1,938,285 6,113,799 1,394,857 1,987,919
Element of Income and capital gains included in prices of units issued less those in units redeemed - (7,493) - (22,555) Provision for Sindh Workers' Welfare Fund 10.1 (38,766) (303,643) (27,897) (303,643)
Net income for the period before taxation 1,899,519 5,802,663 1,366,960 1,661,721
Taxation 13 - - - -
Net income for the period 1,899,519 5,802,663 1,366,960 1,661,721
Allocation of net income for the period
Net income for the period 1,899,519 1,366,960 Income already paid on units redeemed (22,616) (16,035) 1,876,903 1,350,925 Accounting income available for distribution: -Relating to capital gains 451,795 874,074 -Excluding capital gains 1,425,108 476,851 1,876,903 1,350,925
The annexed notes 1 to 17 form an integral part of this condensed interim financial information.
09 Nine months period Three months period ended, ended, 2018 2017 2018 2017 ------(Unaudited)------Note ------Rupees in '000------INCOME Dividend income 2,331,852 2,187,607 787,043 1,003,887 Gain on sale of investments-net 1,605,947 2,711,938 799,954 885,308 Net unrealized (diminution) / appreciation on re-measurement of investments classified as' financial assets at fair value through profit or loss' 6.7 (1,148,708) 1,511,463 84,495 (109,367) Profit on bank deposits 63,760 76,455 20,748 35,894 Income on issue of units - 4 - - Reversal of provision for WWF 10.1 - 507,371 - 507,371 Total income 2,852,851 6,994,838 1,692,240 2,323,093 EXPENSES Impairment loss on equity securities classified as 'available for sale' 18,434 29,329 4,847 - Remuneration of National Investment Trust Limited -Management Company 8.1 664,637 625,216 218,201 248,865 Sindh sales tax on remuneration of Management Company 8.2 86,403 81,278 28,366 32,353 Remuneration of Central Depository Company of Pakistan Limited- Trustee 21,963 22,865 7,212 8,022 Sindh Sales Tax on Remuneration of Trustee 9.1 2,855 2,972 937 1,042 Annual fee - Securities and Exchange Commission of Pakistan 52,565 56,817 17,257 21,099 Allocation of expenses related to registrar services, accounting, operations and valuation services 8.3 55,395 59,803 17,958 22,227 Custodian charges of Central Depository Company of Pakistan Limited 2,594 244 144 112 Settlement and bank charges 1,900 849 1,352 352 Financial charges 5,767 - - - Auditor's Remuneration 919 707 253 144 Legal & Professional Charges 759 750 565 750 Printing Charges 134 100 131 100 Other Expenses 241 109 160 108 Total expenses 914,566 881,039 297,383 335,174 NATIONALNet income from INVESTMENToperating activities (UNIT) TRUST 1,938,285 6,113,799 1,394,857 1,987,919
CONDENSEDElement of Income and INTERIM capital gains includedINCOME in prices STATEMENT of units issued less (UNAUDITED) FORthose THE in units NINE redeemed MONTHS AND THREE MONTHS PERIOD ENDED -MARCH (7,493) 31, 2018 - (22,555) Provision for Sindh Workers' Welfare Fund 10.1 (38,766) (303,643) (27,897) (303,643)
Net income for the period before taxation 1,899,519 5,802,663 1,366,960 1,661,721 Nine months period Three months period ended, ended, Taxation 13 - - - - 2018 2017 2018 2017 ------(Unaudited)------Net income for the period 1,899,519 5,802,663 1,366,960 1,661,721 Note ------Rupees in '000------INCOME Allocation of net income for the period Dividend income 2,331,852 2,187,607 787,043 1,003,887 Gain on sale of investments-net 1,605,947 2,711,938 799,954 885,308 Net income for the period 1,899,519 1,366,960 Net unrealized (diminution) / appreciation on re-measurement of investments Income already paid on units redeemed (22,616) (16,035) classified as' financial assets at fair value through profit or loss' 6.7 (1,148,708) 1,511,463 84,495 (109,367) 1,876,903 1,350,925 Profit on bank deposits 63,760 76,455 20,748 35,894 Accounting income available for distribution: Income on issue of units - 4 - - -Relating to capital gains 451,795 874,074 Reversal of provision for WWF 10.1 - 507,371 - 507,371 -Excluding capital gains 1,425,108 476,851 Total income 2,852,851 6,994,838 1,692,240 2,323,093 1,876,903 1,350,925 EXPENSES Impairment loss on equity securities classified as 'available for sale' 18,434 29,329 4,847 - The annexed notes 1 to 17 form an integral part of this condensed interim financial information. Remuneration of National Investment Trust Limited -Management Company 8.1 664,637 625,216 218,201 248,865 Sindh sales tax on remuneration of Management Company 8.2 86,403 81,278 28,366 32,353 Remuneration of Central Depository Company of Pakistan Limited- Trustee 21,963 22,865 7,212 8,022 Sindh Sales Tax on Remuneration of Trustee 9.1 2,855 2,972 937 1,042 Annual fee - Securities and Exchange Commission of Pakistan 52,565 56,817 17,257 21,099 Allocation of expenses related to registrar services, accounting, operations and valuation services For National Investment Trust8.3 Limited 55,395 59,803 17,958 22,227 Custodian charges of Central Depository Company of Pakistan(Management Limited Company) 2,594 244 144 112 Settlement and bank charges 1,900 849 1,352 352 Financial charges Sd/- Sd/- 5,767 - Sd/- - - Auditor's Remuneration 919 707 253 144 Legal & ProfessionalManaging Charges Director Director 759 750 Director 565 750 Printing Charges 134 100 131 100 Other Expenses 241 109 160 108 Total expenses 914,566 881,039 297,383 335,174 Net income from operating activities 1,938,285 6,113,799 1,394,857 1,987,919
Element of Income and capital gains included in prices of units issued less those in units redeemed - (7,493) - (22,555) Provision for Sindh Workers' Welfare Fund 10.1 (38,766) (303,643) (27,897) (303,643)
Net income for the period before taxation 1,899,519 5,802,663 1,366,960 1,661,721
Taxation 13 - - - -
Net income for the period 1,899,519 5,802,663 1,366,960 1,661,721
Allocation of net income for the period
Net income for the period 1,899,519 1,366,960 Income already paid on units redeemed (22,616) (16,035) 1,876,903 1,350,925 Accounting income available for distribution: -Relating to capital gains 451,795 874,074 -Excluding capital gains 1,425,108 476,851 1,876,903 1,350,925
The annexed notes 1 to 17 form an integral part of this condensed interim financial information.
10 NATIONAL INVESTMENT (UNIT) TRUST CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018
Nine months period ended, Three months period ended, 2018 2017 2018 2017 ------(Unaudited)------Note ------Rupees in '000------
Net income for the period 1,899,519 5,802,663 1,366,960 1,661,721
Other comprehensive income
Net unrealised (diminuition)(diminution) / appreciation on remeasurement of investments classified as 'available for sale' 6.8 (6,880,229) 18,746,029 6,542,421 12,556,202
Total comprehensive (loss) / income for the period (4,980,710) 24,548,692 7,909,381 14,217,923
The annexed notes 1 to 17 form an integral part of this condensed interim financial information.
For National Investment Trust Limited (Management Company)
Sd/- Sd/- Sd/- Managing Director Director Director
11 NATIONAL INVESTMENT (UNIT) TRUST CONDENSED INTERIM STATEMENT OF MOVEMENT IN UNIT HOLDERS’ FUND (UNAUDITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2018
Nine months period ended 2018 2017
Unrealised Unrealised appreciation / appreciation / Undistributed (diminution) Undistributed (diminution) Note Value Total Value Total income 'available for income 'available for sale' sale' investments investments
------Rupees in '000------Net assets at the beginning of the period 3,866,887 10,888,958 67,037,568 81,793,413 6,688,342 7,424,324 52,717,631 66,830,297
Issue of 47,040,372 units (2017: 54,900,609 units) 3,555,690 - - 3,555,690 3,548,208 1,010,878 - 4,559,086
Redemption of 59,005,827 units (2017: 83,327,467 units) (4,417,143) (22,616) - (4,439,759) (5,428,784) (1,147,414) - (6,576,198)
Element of loss and capital losses included in prices of units issued less those in units redeemed-net; - - - - - 7,493 - 7,493
Total comprehensive income / (loss) for the period - 1,899,519 (6,880,229) (4,980,710) - 5,802,663 18,746,029 24,548,692
Net assets at the end of the period 3,005,434 12,765,861 60,157,339 75,928,634 4,807,765 13,097,944 71,463,660 89,369,370
Undistributed income brought forward -Realized income 6,587,350 5,004,141 -Unrealized income 4,301,608 2,420,183 10,888,958 7,424,324 Accounting income avialable for distribution -Relating to capital (loss) / gains 451,795 -Excluding capital (loss) / gains 1,425,108 1,876,903 5,802,663 Element of loss and capital losses included in the prices of units issued less those in units redeemed - amount representing loss that form part of unit holders' fund - net - (129,043)
Undistributed income carried forward 12,765,861 13,097,944
Undistributed income carried forward comprising -Realized income 13,914,569 11,586,481 -Unrealized income (1,148,708) 1,511,463 12,765,861 13,097,944 (Rupees) (Rupees) Net assets value per unit at beginning of the period 83.74 65.15 Net assets value per unit at end of the period 78.70 89.60
The annexed notes 1 to 17 form an integral part of this condensed interim financial information.
For National Investment Trust Limited (Management Company)
Sd/- Sd/- Sd/- Managing Director Director Director
12
NATIONAL INVESTMENT (UNIT) TRUST CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2018
March 31, 2018 2017 ------(Unaudited)------CASH FLOWS FROM OPERATING ACTIVITIES ------Rupees in '000------Net income for the period before taxation 1,899,519 5,802,663 Adjustments: Unrealised diminution / (appreciation) on remeasurement of investments classified as financial assets 'at fair value through profit or loss' - net 1,148,708 (1,511,463) Element of (income) / loss and capital (gains) / losses included in prices of units issued less those in units redeemed - 7,493 3,048,227 4,298,693 (Increase) / decrease in assets Investments (715,206) 171,022 Receivable against sale of investments (122,119) (16,128) Dividend and other receivables (242,152) (370,735) (1,079,477) (215,841) Increase / (decrease) in liabilities Payable to National Investment Trust Limited - Management Company (128,619) (155,101) Fee payable to Securities and Exchange Commission of Pakistan (25,413) (5,133) Payable against redemption of units (115) 11,212 Payable against purchase of investments 1,690 (39,678) Payable to Central Depository Company of Pakistan Limited-Trustee (136) 524 Creditors, accrued and other liabilities (18,904) (213,993) (171,497) (402,169) Net cash flow generated from operating activities 1,797,253 3,680,683
CASH FLOWS FROM FINANCING ACTIVITIES Receipts from issue of units 3,555,690 4,559,086 Payments on redemption of units (4,439,759) (6,576,198) Dividend paid (1,864,347) (856,225) Net cash (used in) financing activities (2,748,416) (2,873,337) Net (decrease) / increase in cash and cash equivalents during the period (951,163) 807,346 Cash and cash equivalents at the beginning of the period 2,341,231 2,046,114 Cash and cash equivalents as at the end of the period 1,390,068 2,853,460
The annexed notes 1 to 17 form an integral part of this condensed interim financial information.
For National Investment Trust Limited (Management Company)
Sd/- Sd/- Sd/- Managing Director Director Director
13 NATIONAL INVESTMENT (UNIT) TRUST NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018
1 LEGAL STATUS AND NATURE OF BUSINESS
1.1 The National Investment (Unit) Trust (NI(U)T), was established under a Trust Deed executed between National Investment Trust Limited (NITL) as Management Company and National Bank of Pakistan (NBP) as Trustee. The Trust Deed was executed on November 12, 1962, and was amended vide Supplemental Trust Deeds dated June 26, 1968, June 7, 1981, November 27, 1998, November 12, 2002, December 31, 2003 and January 18, 2007, The 1 April 2014 and 3 September 2014. The functions of the Fund are governed by the Trust Deed and the National Investment (Unit) Trust Ordinance, 1965. The central Depository Company of Pakistan has taken the role of the Trustee of the Fund from May 16, 2014 in place of National Bank of Pakistan. The Fund is categorised as an Equity Scheme as per criteria for categorization of open end collective investment scheme as specified by Securities and Exchange Commision of Pakistan (SECP) and other allied matters.
1.2 The Management Company of the Fund has been classified as a Non-Banking Finance Company (NBFC) under the NBFC Rules, 2003 and has obtained the requisite license from the Securities and Exchange Commission of Pakistan (SECP) to undertake Asset Management Services. The registered office of the Management Company is situated at 6th floor, National Bank of Pakistan Building I.I. Chundrigar Road, Karachi.
1.3 The Privatisation Commission, Government of Pakistan had invited expressions of interest for the sale of the rights to manage the Fund which exists solely with the Management Company, NITL. The Trustee and the Management Company hold the rights and privileges of the Unit Holders to be paramount. No progress has been made in privatisation of the fund initiated by Privatisation Commission.
1.4 The Fund is an open end mutual fund. Units are offered for public subscription on a continuous basis. The units are transferable and can be redeemed by surrendering them to the Fund.
1.5 Pakistan Credit Rating Agency Limited (PACRA) has assigned an asset manager rating of "AM2++" to the Management Company.
1.6 Title to the assets of the Fund are held in the name of Central Depository Company of Pakistan Limited as trustee of the Fund.
2 BASIS OF PREPARATION
2.1 Statement of compliance
This condensed interim financial information has been prepared in accordance with the requirements of the International Accounting Standard 34 - Interim Financial Reporting and provisions of and directives issued under the Companies Act, 2017, the Non- Banking Finance Companies (Establishment and Regulation) Rules, 2003 (the NBFC Rules), the Non-Banking Finance Companies and Notified Entities Regulations, 2008 (the NBFC Regulations) and directives issued by the Securities and Exchange Commission of Pakistan (SECP). Wherever the requirements of the NBFC Rules, the NBFC Regulations or directives issued by the SECP differ with the requirements of the IFRS, the requirements of the NBFC Rules, the NBFC Regulations or the directives issued by the SECP shall prevail.
2.1.1 This condensed interim financial information does not include all the information and disclosures required in the annual fnancial statements and should therefore be read in conjunction with the annual financial statements of the Fund as at and for the year ended 30 June 2017.
2.1.2 This condensed interim financial information is being submitted to the unit holders as required under Regulation 38 (2)(f) of the Non- Banking Finance Companies and notified Entities Regulations, 2008 (NBFC Regulations).
3 Significant Accounting Policies
3.1 The accounting policies adopted for the preparation of this condensed interim financial information are the same as those applied in the preparation of the annual financial statements of the Fund for the year ended June 30, 2017 except for the changes in accounting policies as explained in notes 3.2.
3.2 Up to 30 June 2017, the element of income / (loss) and capital gains / (losses) included in the prices of units issued less those in units redeemed to the extent that it is represented by income earned during the accounting period is recognized in income statement and to the extent that it is represented by unrealised appreciation / (diminution) arising during the year on available for sale securities is included in distribution statement.
14 NATIONAL INVESTMENT (UNIT) TRUST NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018
SECP through its SRO 756(I)/2017 dated 03 August 2017 has made certain amendments in NBFCs and Notified Entities Regulations, 2008. The SRO changed the definition of accounting income in regulation (63) sub-regulation (I) which excludes the element of income from “accounting income”. As per SRO, element of income represents the difference between net assets value per unit on the issuance or redemption date, as the case may be, of units and the net assets value per unit at the beginning of the relevant accounting period. It also specify that element of income is a transaction of capital nature and the receipt and payment of element of income shall be taken to unit holders' fund. However, to maintain the same ex-dividend net asset value of all units outstanding on the accounting date, net element of income contributed on issue of units lying in unit holders fund will be refunded on units in the same proportion as dividend bears to accounting income available for distribution.
The said SRO also deleted 'Distribution Statement' and requires additional disclosures with respect to “Income Statement” and “Statement of Movement in Unit Holders' Fund” and recording of element of income / loss included in price of unit issued or redeemed in Statement of movements in reserves or unit holders’ fund.
As required by IAS 8: 'Accounting Policies, Changes in Accounting Estimates and Errors', a change in accounting policy requires retrospective application as if that policy had always been applied. However, the Management Company has applied the above changes in accounting policy, including the additional disclosures requirements in the 'Income Statement' and 'Statement of Movement in Unit Holders' Fund', prospectively from 01 July 2017 as clarified by SECP vide its email dated 07 February 2018. Accordingly, corresponding figures have not been restated.
Had the element of income been recognised as per the previous accounting policy, the income of the Fund would have been higher by Rs. 115.56 million.
4 Use of Judgments, Estimates and Risk Management
The preparation of condensed interim financial information requires management to make judgments, estimates and assumption that affect the application of accounting policies and reported amount of assets and liabilities, income and expenses. Actual result may differ from these estimates.
The significant judgments made by management in applying the accounting policies and the key sources of estimation uncertainty were the same as those that applied to the annual financial statements as at and for the year ended 30 June 2017.
The Fund’s financial risk management objectives and policies are consistent with those disclosed in the financial statements as at and for the year ended June 30, 2017.
5 BANK BALANCES March 31, 2018 June 30, 2017 Unaudited Audited (Rupees in '000)
In current accounts 8,952 2,739 In saving accounts 5.1 1,381,116 3,538,492 1,390,068 3,541,231
5.1 These accounts carry return at rates ranging from 3.75% to 6.55% per annum (30 June 2017: 3.75 % to 6.50% per annum).
6 INVESTMENTS March 31, 2018 June 30, 2017 (Unaudited) (Audited) At fair value through profit or loss - held for trading ------Rupees in '000------Investment in shares / units of mutual funds 6.1 3,373,074 4,556,802
Available for sale Investment in shares / units of mutual funds 6.2 72,248,185 78,378,188
Held to maturity 6.3 - Morabaha arrangements 54,125 54,125 - Participation term certificates 10,500 10,500 - Term finance certificates 8,880 8,880 73,505 73,505 Less: Provision for impairment loss on held to maturity investments (73,505) -73,505 - (73,505) -73,505 - 75,621,259 82,934,990
15 NATIONAL INVESTMENT (UNIT) TRUST NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018
6.1 Invetment - at fair value through profit or loss - held for trading
Listed equity shares/units of mutual funds
Bonus Right shares Market Market Value Percentage of Purchases shares purchased/ Sale Cost/ Carrying As at July 01, As at March Value as at as a paid-up capital Name of Investee Companies during the received subscribed during the value ast at Net Assets 2017 31, 2018 March 31, percentage of of the investee period during the during the period March 31, 2018 2018 investment company held period period
------Rupees in '000------%------CLOSE - END MUTUAL FUND PICIC Growth Fund 37,442 - - - - 37,442 1,161 1,122 0.00 0.00 0.01 37,442 - - - - 37,442 1,161 1,122 0.00 0.00
MODARABAS Alnoor Modarba First 608,440 - - - - 608,440 2,519 1,935 0.00 0.00 2.90 B.R.R. Guardian Modarba 1,824,274 - - - - 1,824,274 17,203 14,594 0.02 0.02 2.34 Elite Capital Modarba First 392,620 - - - - 392,620 1,649 1,111 0.00 0.00 3.46 First Fidelity Leasing Modarba 495,078 - - - - 495,078 1,609 2,723 0.00 0.00 1.87 IBL Modarba First 1,078,774 - - - - 1,078,774 4,747 4,380 0.01 0.01 5.34 KASB Modaraba 392,245 - - - - 392,245 981 824 0.00 0.00 0.82 Orix Modaraba 1,729,098 - - - - 1,729,098 40,340 33,562 0.04 0.04 3.81 U.D.L. Modaraba First 600,625 - - - 78,000 522,625 19,703 11,952 0.02 0.02 1.98 7,121,154 - - - 78,000 7,043,154 88,750 71,081 0.09 0.09
LEASING COMPANIES English Leasing 707,261 - - - - 707,261 - - - - 8.84 707,261 - - - - 707,261 - - - -
INV. BANKS / INV. COS. / SECURITIES COS Invest Capital Investment Bank Ltd 1,338,138 - - - - 1,338,138 2,823 2,168 0.00 0.00 0.47 1,338,138 - - - - 1,338,138 2,823 2,168 0.00 0.00
COMMERCIAL BANKS MCB Bank Limited 9,800 - - - 9,800 ------9,800 - - - 9,800 - - - - -
TEXTILE SPINING D.S.Industries Ltd. 295,102 - - - - 295,102 1,130 891 0.00 0.00 0.49 Din Textile Mills Limited 22,920 - - - - 22,920 2,591 2,286 0.00 0.00 0.10 Maqbool Textile Mills Limited. 245,873 - - - - 245,873 7,561 8,156 0.01 0.01 1.46 563,895 - - - - 563,895 11,282 11,333 0.01 0.01
TEXTILE COMPOSITE Fateh Textile Mills Limited. 58,125 - - - - 58,125 - - - - 4.65 Gul Ahmed Textile Mills Ltd. 4,509,848 - - - 20,000 4,489,848 183,994 191,627 0.25 0.25 1.51 Kohinoor Mills 293,229 - - - 21,500 271,729 12,896 9,918 0.01 0.01 0.53 Mehmood Textile Mills Limited 128,063 - - - - 128,063 28,737 31,310 0.04 0.04 0.85 Sapphire Fibers Ltd. 362,871 - - - - 362,871 435,445 326,584 0.43 0.43 1.84 Sapphire Textile Mills Ltd. 571,112 - - - - 571,112 1,136,770 951,530 1.25 1.26 2.84 5,923,248 - - - 41,500 5,881,748 1,797,843 1,510,969 1.99 2.00
WOLLEN Bannu Woollen Mills Limited 431,637 - - - - 431,637 29,567 22,877 0.03 0.03 4.54 431,637 - - - - 431,637 29,567 22,877 0.03 0.03
SYNTHETIC & RAYON Pakistan Synthetics Ltd. 2,077,283 - - - 8,000 2,069,283 60,527 39,523 0.05 0.05 3.69 2,077,283 - - - 8,000 2,069,283 60,527 39,523 0.05 0.05
TOBACCO Pakistan Tobacco Co. Ltd. 18,164 - - - 9,700 8,464 14,346 16,558 0.02 0.02 0.00 18,164 - - - 9,700 8,464 14,346 16,558 0.02 0.02
POWER GENERATION & DISTRIBUTION Kohinoor Energy Limited 465,867 - - - - 465,867 20,065 18,285 0.02 0.02 0.27 465,867 - - - - 465,867 20,065 18,285 0.02 0.02
OIL & GAS MARKETING COMPANIES Sui Northern Gas Pipelines Ltd. 47,432 - - - - 47,432 7,064 5,346 0.01 0.01 0.01 47,432 - - - - 47,432 7,064 5,346 0.01 0.01
CABLE & ELECTRIC GOODS Siemens Pakistan Engineering Co. Ltd. 34,713 - - - - 34,713 23,952 32,631 0.04 0.04 0.42 34,713 - - - - 34,713 23,952 32,631 0.04 0.04
TRANSPORT Pakistan International Airlines Corp. 202,650 - - - - 202,650 1,183 1,076 0.00 0.00 0.01 202,650 - - - - 202,650 1,183 1,076 0.00 0.00
FERTILIZER Dawood Hercules Corporation Ltd 474,256 - - - - 474,256 64,670 62,099 0.08 0.08 0.10 474,256 - - - - 474,256 64,670 62,099 0.08 0.08
PHARMACEUTICALS 16 Abbot Laboatories (Pakistan) Ltd. 13,259 - - - 5,000 8,259 7,719 5,954 0.01 0.01 0.01 Highnoon Laboratories Limited 120 - - - - 120 75 56 0.00 0.00 0.00 13,379 - - - 5,000 8,379 7,794 6,010 0.01 0.01
CHEMICAL Pakistan Oxygen Limited 15,560 - - - 15,560 ------15,560 - - - 15,560 - - - - -
LEATHER & TANNERIES Service Industries Ltd 1,559,125 - - - - 1,559,125 2,150,033 1,310,445 1.73 1.73 12.96 1,559,125 - - - - 1,559,125 2,150,033 1,310,445 1.73 1.73
FOODS & PERSONAL CARE PRODUCTS Nestle Pakistan Ltd. 2,556 - - - - 2,556 26,071 32,333 0.04 0.04 0.01 2,556 - - - - 2,556 26,071 32,333 0.04 0.04
GLASS & CERAMICS Ghani Glass Mills Limited 5,261 - - 5,725 - 10,986 900 726 0.00 0.00 0.01 Ghani Glass Mills Limited-right 5,724 - - (5,725) ------(0.00) 10,985 - - - - 10,986 900 726 0.00 0.00 6.1 Invetment - at fair value through profit or loss - held for trading
Listed equity shares/units of mutual funds
Bonus Right shares Market Market Value Percentage of Purchases shares purchased/ Sale Cost/ Carrying As at July 01, As at March Value as at as a paid-up capital Name of Investee Companies during the received subscribed during the value ast at Net Assets 2017 31, 2018 March 31, percentage of of the investee period during the during the period March 31, 2018 2018 investment company held period period
------Rupees in '000------%------CLOSE - END MUTUAL FUND PICIC Growth Fund 37,442 - - - - 37,442 1,161 1,122 0.00 0.00 0.01 37,442 - - - - 37,442 1,161 1,122 0.00 0.00
MODARABAS Alnoor Modarba First 608,440 - - - - 608,440 2,519 1,935 0.00 0.00 2.90 B.R.R. Guardian Modarba 1,824,274 - - - - 1,824,274 17,203 14,594 0.02 0.02 2.34 Elite Capital Modarba First 392,620 - - - - 392,620 1,649 1,111 0.00 0.00 3.46 First Fidelity Leasing Modarba 495,078 - - - - 495,078 1,609 2,723 0.00 0.00 1.87 IBL Modarba First 1,078,774 - - - - 1,078,774 4,747 4,380 0.01 0.01 5.34 KASB Modaraba 392,245 - - - - 392,245 981 824 0.00 0.00 0.82 Orix Modaraba 1,729,098 - - - - 1,729,098 40,340 33,562 0.04 0.04 3.81 U.D.L. Modaraba First 600,625 - - - 78,000 522,625 19,703 11,952 0.02 0.02 1.98 7,121,154 - - - 78,000 7,043,154 88,750 71,081 0.09 0.09
LEASING COMPANIES English Leasing 707,261 - - - - 707,261 - - - - 8.84 707,261 - - - - 707,261 - - - -
INV. BANKS / INV. COS. / SECURITIES COS Invest Capital Investment Bank Ltd 1,338,138 - - - - 1,338,138 2,823 2,168 0.00 0.00 0.47 1,338,138 - - - - 1,338,138 2,823 2,168 0.00 0.00
COMMERCIAL BANKS MCB Bank Limited 9,800 - - - 9,800 ------9,800 - - - 9,800 - - - - -
TEXTILE SPINING D.S.Industries Ltd. 295,102 - - - - 295,102 1,130 891 0.00 0.00 0.49 Din Textile Mills Limited 22,920 - - - - 22,920 2,591 2,286 0.00 0.00 0.10 Maqbool Textile Mills Limited. 245,873 - - - - 245,873 7,561 8,156 0.01 0.01 1.46 563,895 - - - - 563,895 11,282 11,333 0.01 0.01
TEXTILE COMPOSITE Fateh Textile Mills Limited. 58,125 - - - - 58,125 - - - - 4.65 Gul Ahmed Textile Mills Ltd. 4,509,848 - - - 20,000 4,489,848 183,994 191,627 0.25 0.25 1.51 Kohinoor Mills 293,229 - - - 21,500 271,729 12,896 9,918 0.01 0.01 0.53 Mehmood Textile Mills Limited 128,063 - - - - 128,063 28,737 31,310 0.04 0.04 0.85 Sapphire Fibers Ltd. 362,871 - - - - 362,871 435,445 326,584 0.43 0.43 1.84 Sapphire Textile Mills Ltd. 571,112 - - - - 571,112 1,136,770 951,530 1.25 1.26 2.84 5,923,248 - - - 41,500 5,881,748 1,797,843 1,510,969 1.99 2.00
WOLLEN Bannu Woollen Mills Limited 431,637 - - - - 431,637 29,567 22,877 0.03 0.03 4.54 431,637 - - - - 431,637 29,567 22,877 0.03 0.03
SYNTHETIC & RAYON Pakistan Synthetics Ltd. 2,077,283 - - - 8,000 2,069,283 60,527 39,523 0.05 0.05 3.69 2,077,283 - - - 8,000 2,069,283 60,527 39,523 0.05 0.05
TOBACCO NATIONALPakistan Tobacco INVESTMENTCo. Ltd. 18,164 (UNIT) -TRUST - - 9,700 8,464 14,346 16,558 0.02 0.02 0.00 18,164 - - - 9,700 8,464 14,346 16,558 0.02 0.02
NOTESPOWER TO GENERATION AND & DISTRIBUTION FORMING PART OF THE CONDENSED INTERIM FINANCIAL Kohinoor Energy Limited 465,867 - - - - 465,867 20,065 18,285 0.02 0.02 0.27 INFORMATION (UNAUDITED) 465,867 - - - - 465,867 20,065 18,285 0.02 0.02 OIL & GAS MARKETING COMPANIES FOR THESui Northern NINE Gas Pipelines MONTHS Ltd. AND 47,432 THREE - MONTHS - PERIOD - - ENDED 47,432 MARCH 7,064 5,346 31, 2018 0.01 0.01 0.01 6.1 Invetment - at fair value through 47,432 profit or loss - - held - for trading - - 47,432 7,064 5,346 0.01 0.01
CABLEListed equity & ELECTRIC shares/units GOODS of mutual funds Siemens Pakistan Engineering Co. Ltd. 34,713 - - - - 34,713 23,952 32,631 0.04 0.04 0.42 Bonus Right shares 34,713 - - - - 34,713 23,952 Market 32,631 0.04 Market Value 0.04 Percentage of Purchases shares purchased/ Sale Cost/ Carrying As at July 01, As at March Value as at as a paid-up capital Name of Investee Companies during the received subscribed during the value ast at Net Assets 2017 31, 2018 March 31, percentage of of the investee TRANSPORT period during the during the period March 31, 2018 2018 investment company held Pakistan International Airlines Corp. 202,650 - period - period - - 202,650 1,183 1,076 0.00 0.00 0.01 202,650 - - - - 202,650 1,183 1,076 0.00 0.00 ------Rupees in '000------%------CLOSE - END MUTUAL FUND FERTILIZER PICIC Growth Fund 37,442 - - - - 37,442 1,161 1,122 0.00 0.00 0.01 Dawood Hercules Corporation Ltd 474,256 - - - - 474,256 64,670 62,099 0.08 0.08 0.10 37,442 - - - - 37,442 1,161 1,122 0.00 0.00 474,256 - - - - 474,256 64,670 62,099 0.08 0.08
MODARABAS PHARMACEUTICALS Alnoor Modarba First 608,440 - - - - 608,440 2,519 1,935 0.00 0.00 2.90 Abbot Laboatories (Pakistan) Ltd. 13,259 - - - 5,000 8,259 7,719 5,954 0.01 0.01 0.01 B.R.R. Guardian Modarba 1,824,274 - - - - 1,824,274 17,203 14,594 0.02 0.02 2.34 Highnoon Laboratories Limited 120 - - - - 120 75 56 0.00 0.00 0.00 Elite Capital Modarba First 392,620 - - - - 392,620 1,649 1,111 0.00 0.00 3.46 13,379 - - - 5,000 8,379 7,794 6,010 0.01 0.01 First Fidelity Leasing Modarba 495,078 - - - - 495,078 1,609 2,723 0.00 0.00 1.87 IBL Modarba First 1,078,774 - - - - 1,078,774 4,747 4,380 0.01 0.01 5.34 CHEMICAL KASB Modaraba 392,245 - - - - 392,245 981 824 0.00 0.00 0.82 Pakistan Oxygen Limited 15,560 - - - 15,560 ------Orix Modaraba 1,729,098 - - - - 1,729,098 40,340 33,562 0.04 0.04 3.81 15,560 - - - 15,560 - - - - - U.D.L. Modaraba First 600,625 - - - 78,000 522,625 19,703 11,952 0.02 0.02 1.98 7,121,154 - - - 78,000 7,043,154 88,750 71,081 0.09 0.09 LEATHER & TANNERIES Service Industries Ltd 1,559,125 - - - - 1,559,125 2,150,033 1,310,445 1.73 1.73 12.96 LEASING COMPANIES 1,559,125 - - - - 1,559,125 2,150,033 1,310,445 1.73 1.73 English Leasing 707,261 - - - - 707,261 - - - - 8.84 707,261 - - - - 707,261 - - - - FOODS & PERSONAL CARE PRODUCTS Nestle Pakistan Ltd. 2,556 - - - - 2,556 26,071 32,333 0.04 0.04 0.01 INV. BANKS / INV. COS. / SECURITIES COS 2,556 - - - - 2,556 26,071 32,333 0.04 0.04 Invest Capital Investment Bank Ltd 1,338,138 - - - - 1,338,138 2,823 2,168 0.00 0.00 0.47 1,338,138 - - - - 1,338,138 2,823 2,168 0.00 0.00 GLASS & CERAMICS Ghani Glass Mills Limited 5,261 - - 5,725 - 10,986 900 726 0.00 0.00 0.01 COMMERCIAL BANKS Ghani Glass Mills Limited-right 5,724 - - (5,725) ------(0.00) MCB Bank Limited 9,800 - - - 9,800 ------10,985 - - - - 10,986 900 726 0.00 0.00 9,800 - - - 9,800 - - - - -
MISCELLANEOUS TEXTILE SPINING Pakistan Services Ltd. 210,756 - - - - 210,756 190,207 208,648 0.27 0.28 0.65 D.S.Industries Ltd. 295,102 - - - - 295,102 1,130 891 0.00 0.00 0.49 Tri Pack Films Limited 85,372 - - - 14,000 71,372 15,987 12,287 0.02 0.02 0.18 Din Textile Mills Limited 22,920 - - - - 22,920 2,591 2,286 0.00 0.00 0.10 296,128 - - - 14,000 282,128 206,195 220,936 0.29 0.29 Maqbool Textile Mills Limited. 245,873 - - - - 245,873 7,561 8,156 0.01 0.01 1.46 563,895 - - - - 563,895 11,282 11,333 0.01 0.01 DELISTED / UNQOUTED COMPANIES Callmate Telips Telecom 83 - - - - 83 - - - - 0.00 TEXTILE COMPOSITE Sapphire Holding Limited 571,112 - - - - 571,112 5,711 5,711 0.01 0.01 2.84 Fateh Textile Mills Limited. 58,125 - - - - 58,125 - - - - 4.65 National Asset Leasing Corp. 265,013 - - - - 265,013 - - - - 2.78 Gul Ahmed Textile Mills Ltd. 4,509,848 - - - 20,000 4,489,848 183,994 191,627 0.25 0.25 1.51 Natover Lease & Refinance 729,349 - - - - 729,349 - - - - 8.31 Kohinoor Mills 293,229 - - - 21,500 271,729 12,896 9,918 0.01 0.01 0.53 Unilever Brothers Preference 123 - - - - 123 1,845 1,845 0.00 0.00 - Mehmood Textile Mills Limited 128,063 - - - - 128,063 28,737 31,310 0.04 0.04 0.85 1,565,680 - - - - 1,565,680 7,556 7,556 0.01 0.01 Sapphire Fibers Ltd. 362,871 - - - - 362,871 435,445 326,584 0.43 0.43 1.84 Sapphire Textile Mills Ltd. 571,112 - - - - 571,112 1,136,770 951,530 1.25 1.26 2.84 22,916,353 - - - 181,560 22,734,794 4,521,782 3,373,074 4.44 4.46 5,923,248 - - - 41,500 5,881,748 1,797,843 1,510,969 1.99 2.00
6.2 WOLLENAvailable for sale Bannu Woollen Mills Limited 431,637 - - - - 431,637 29,567 22,877 0.03 0.03 4.54 431,637 - - - - 431,637 29,567 22,877 0.03 0.03 Right Percentage Bonus Cost/ shares Merger/ Market Market Value of paid-up SYNTHETIC & RAYON Purchases shares Sale Carrying As at July purchased/ Demerger As at March Value as at Net as a capital of the PakistanName Synthetics of Investee Ltd. Companies 2,077,283 during the - received - - 8,000during 2,069,283 the 60,527 value ast at 39,523 0.05 0.05 3.69 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, 2,077,283 - - during the -Effects 8,000 2,069,283 60,527 39,523 2018 0.05 of investment 0.05 company period 2018 period held TOBACCO ------Rupees in '000------%------Pakistan Tobacco Co. Ltd. 18,164 - - - 9,700 8,464 14,346 16,558 0.02 0.02 0.00 CLOSE - END MUTUAL FUND 18,164 - - - 9,700 8,464 14,346 16,558 0.02 0.02 Dominion Stock Fund 157,629 - - - - - 157,629 - - - - 3.15 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 POWER GENERATION & DISTRIBUTION PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 192,688 0.25 0.25 2.27 Kohinoor Energy Limited 465,867 - - - - 465,867 20,065 18,285 0.02 0.02 0.27 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 134,438 0.18 0.18 3.56 465,867 - - - - 465,867 20,065 18,285 0.02 0.02 16,867,521 - - - - - 16,867,521 56,460 327,126 0.43 0.43
OIL & GAS MARKETING COMPANIES MODARABAS Sui Northern Gas Pipelines Ltd. 47,432 - - - - 47,432 7,064 5,346 0.01 0.01 0.01 B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 14,865 0.02 0.02 2.38 47,432 - - - - 47,432 7,064 5,346 0.01 0.01 Habib Modarba First 1,584,070 - - - - 314,500 1,269,570 7,198 13,965 0.02 0.02 0.63 Orix Modaraba 1,948,462 - - - - - 1,948,462 13,269 37,820 0.05 0.05 4.29 CABLE & ELECTRIC GOODS 5,390,609 - - - - 314,500 5,076,109 22,864 66,650 0.09 0.09 Siemens Pakistan Engineering Co. Ltd. 34,713 - - - - 34,713 23,952 32,631 0.04 0.04 0.42 34,713 - - - - 34,713 23,952 32,631 0.04 0.04 LEASING COMPANIES Orix Leasing Pakistan 360,080 - - 302,815 - 428,500 234,395 4,538 9,845 0.01 0.01 0.29 TRANSPORT Orix Leasing Pakistan Right 302,815 - - (302,815) - - - - 0 - 0.00 0.00 Pakistan International Airlines Corp. 202,650 - - - - 202,650 1,183 1,076 0.00 0.00 0.01 Security Leasing Corporation 291,526 - - - - 134,500 157,026 251 1,314 0.00 0.00 0.43 202,650 - - - - 202,650 1,183 1,076 0.00 0.00 Saudi Pak Leasing 347,752 - - - - - 347,752 167 313 0.00 0.00 0.77 1,302,173 - - - - 563,000 739,173 4,957 11,472 0.02 0.02 FERTILIZER Dawood Hercules Corporation Ltd 474,256 - - - - 474,256 64,670 62,099 0.08 0.08 0.10 INV. BANKS / INV. COS. / SECURITIES COS 474,256 - - - - 474,256 64,670 62,099 0.08 0.08 786 Investment Limited 663,832 - - - - - 663,832 - - - - 4.43 Next Capital Limited 699,500 - - - - 104,500 595,000 3,959 5,813 0.01 0.01 1.32 PHARMACEUTICALS First Capital Securities Corp. 3,869,059 - - - - 25,000 3,844,059 6,963 8,380 0.01 0.01 1.21 Abbot Laboatories (Pakistan) Ltd. 13,259 - - - 5,000 8,259 7,719 5,954 0.01 0.01 0.01 First Dawood Inv. Bank 1,585,564 - - - - - 1,585,564 1,205 2,695 0.00 0.00 1.07 Highnoon Laboratories Limited 120 - - - - 120 75 56 0.00 0.00 0.00 Invest Capital Investment Bank Ltd. 8,271,554 - - - - - 8,271,554 1,654 13,400 0.02 0.02 2.90 13,379 - - - 5,000 8,379 7,794 6,010 0.01 0.01 IGI Investment Bank 5,004,579 - - - (5,004,579) ------2.36 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 CHEMICAL 17 J.O.V.& Co. 1,775,606 - - - - - 1,775,606 - - - - 3.49 Pakistan Oxygen Limited 15,560 - - - 15,560 ------Jahangir Siddiqui & Co. 575,441 - - - - - 575,441 2,905 10,922 0.01 0.01 0.06 15,560 - - - 15,560 - - - - - Pakistan Stock Exchange Limited - 727,000 - - - 143,500 583,500 11,987 15,118 0.02 0.02 0.07 Prudential Investment Bank 326,292 - - - - - 326,292 - - - - 3.26 LEATHER & TANNERIES Security Investment Bank 2,262,698 - - - - 192,500 2,070,198 2,588 13,767 0.02 0.02 4.02 Service Industries Ltd 1,559,125 - - - - 1,559,125 2,150,033 1,310,445 1.73 1.73 12.96 25,132,643 727,000 - - (5,004,579) 465,500 20,389,564 31,260 70,096 0.09 0.09 1,559,125 - - - - 1,559,125 2,150,033 1,310,445 1.73 1.73
COMMERCIAL BANKS FOODS & PERSONAL CARE PRODUCTS Allied Bank Limited 1,433,604 - - - - - 1,433,604 90,895 141,167 0.19 0.19 0.13 Nestle Pakistan Ltd. 2,556 - - - - 2,556 26,071 32,333 0.04 0.04 0.01 Askari Bank Limited 24,471,856 - - - - - 24,471,856 223,642 560,895 0.74 0.74 1.94 2,556 - - - - 2,556 26,071 32,333 0.04 0.04 Bank Al - Falah Limited 588,409 500,000 - - - 470,500 617,909 16,880 32,644 0.04 0.04 0.04 Bank Al - Habib Limited 66,213,829 - - - - 4,142,500 62,071,329 672,704 4,810,528 6.34 6.36 5.58 GLASS & CERAMICS Bankislami Pakistan 247,816 - - - - 127,500 120,316 744 1,393 0.00 0.00 0.01 Ghani Glass Mills Limited 5,261 - - 5,725 - 10,986 900 726 0.00 0.00 0.01 Faysal Bank Limited 1,046,588 - 145,738 - - 100,000 1,092,326 4,679 28,816 0.04 0.04 0.09 Ghani Glass Mills Limited-right 5,724 - - (5,725) ------(0.00) Habib Bank Limited 1,137,433 310,000 - - - 260,000 1,187,433 202,742 251,914 0.33 0.33 0.08 10,985 - - - - 10,986 900 726 0.00 0.00 Habib Metropolitan Bank Limited 46,190,107 - - - - 3,266,000 42,924,107 652,584 1,841,873 2.43 2.44 4.10 JS Bank Limited 8,558,161 - - - - - 8,558,161 16,468 76,424 0.10 0.10 0.80 MCB Bank Limited 449,242 346,700 - - 11,793 40,200 767,535 163,491 168,957 0.22 0.22 0.07 NIB Bank Limited 1651532 (1,651,532) ------National Bank Of Pakistan 363,078 - - - - - 363,078 10,795 18,176 0.02 0.02 0.02 Samba Bank Limited 2,973,804 - - - - 384,000 2,589,804 6,660 21,133 0.03 0.03 0.26 Silkbank Limited 20,880,417 - - - - - 20,880,417 29,441 29,441 0.04 0.04 0.27 Summit Bank Limited 506,978 - - - - - 506,978 1,060 1,303 0.00 0.00 0.02 Soneri Bank Limited 107,774,049 - - - - 2,613,500 105,160,549 335,901 1,303,991 1.72 1.72 9.54 United Bank Limited 966,099 345,000 - - - 35,000 1,276,099 230,615 266,564 0.35 0.35 0.10 285,453,002 1,501,700 145,738 - (1,639,739) 11,439,200 274,021,501 2,659,300 9,555,220 12.58 12.64
INSURANCE IGI Insurance Limied - - - - 54,397 - 54,397 4,504 15,882 - 0.02 - - - - - 54,397 - 54,397 4,504 15,882 - 20,386.41
TEXTILE SPINING Adil Textile Mills Limited 93,592 - - - - - 93,592 - - - - 1.21 Amtex Limited 363,523 - - - - - 363,523 436 563 0.00 0.00 0.14 Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 Asim Textile Mills Limited 1,041,800 - - - - 50,000 991,800 - 8,877 0.01 0.01 6.53 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 4,029 0.01 0.01 2.21 Brothers Textile Mills Limited 579,461 - - - - - 579,461 - - - - 5.91 Crescent Cotton Mills Limited 1,048,579 - 62,914 - - - 1,111,493 5,637 42,014 0.06 0.06 5.20 Crescent Fibres Limited 852,681 - - - - - 852,681 - 21,863 0.03 0.03 6.87 Colony Textile Mills Limited 1,069,498 - - - - - 1,069,498 1,351 4,492 0.01 0.01 0.21 Chakwal Spinning Mills Limited 742,008 - - - - - 742,008 - 3,183 0.00 0.00 1.86 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 33,945 0.04 0.04 1.52 Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 662 0.00 0.00 3.40 Dewan Mushtaq Textile Mills Limited 192,424 - - - - - 192,424 385 779 0.00 0.00 2.93 D. M. Textile Mills Limited 304,614 - - - - 25,000 279,614 503 11,630 0.02 0.02 9.16 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 0.00 0.00 0.07 Dar-Es-Salaam Textile Mills Limited 259,287 - - - - - 259,287 570 1,530 0.00 0.00 3.24 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 45,785 0.06 0.06 6.43 Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 258,199 0.34 0.34 5.89 Gadoon Textile Mills 132,499 - - - - - 132,499 1,231 31,505 0.04 0.04 0.47 Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 Gulshan Spinning Mills Limited 1,137,974 - - - - - 1,137,974 - - - - 5.12 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 - - - - 3.87 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 Ideal Spinning Mills Limited. 658,396 - - - - 20,000 638,396 894 5,426 0.01 0.01 6.44 Indus Dyeing Manufacturing Co. Ltd 525,295 - - - - - 525,295 5,509 245,444 0.32 0.32 2.91 J. A. Textile Mills Limited 127,361 - - - - - 127,361 - 618 0.00 0.00 1.01 Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 Kohinoor Spinning Mills Limited 535,827 - - - - 35,000 500,827 - 1,838 0.00 0.00 0.39 Khalid Siraj Textile Mills Limited 682,998 - - - - - 682,998 - 1,373 0.00 0.00 6.38 Land Mark Spinning Industries Ltd. 355,437 - - - - 100,000 255,437 - 1,533 0.00 0.00 2.11 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 47,109 0.06 0.06 8.45 Premium Textile Mills Limited 726,823 - - - - 111,200 615,623 6,713 109,581 0.14 0.14 9.99 6.2 Available for sale
Right Percentage Bonus Cost/ shares Merger/ Market Market Value of paid-up Purchases shares Sale Carrying As at July purchased/ Demerger As at March Value as at Net as a capital of the Name of Investee Companies during the received during the value ast at 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, during the Effects 2018 of investment company period 2018 period held
------Rupees in '000------%------CLOSE - END MUTUAL FUND Dominion Stock Fund 157,629 - - - - - 157,629 - - - - 3.15 NATIONALInvestec Mutual FundINVESTMENT 172,406 (UNIT) - TRUST - - - - 172,406 - - - - 1.72 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 192,688 0.25 0.25 2.27 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 134,438 0.18 0.18 3.56 NOTES TO AND FORMING 16,867,521 PART - OF THE- CONDENSED - - - 16,867,521 INTERIM 56,460 FINANCIAL 327,126 0.43 0.43
MODARABAS INFORMATIONB.R.R. Guardian Modarba (UNAUDITED) 1,858,077 - - - - - 1,858,077 2,397 14,865 0.02 0.02 2.38 Habib Modarba First 1,584,070 - - - - 314,500 1,269,570 7,198 13,965 0.02 0.02 0.63 FOR THEOrix Modaraba NINE MONTHS AND 1,948,462 THREE - MONTHS - - PERIOD - ENDED - 1,948,462 MARCH 13,269 31, 37,820 2018 0.05 0.05 4.29 5,390,609 - - - - 314,500 5,076,109 22,864 66,650 0.09 0.09 6.2 Available for sale LEASING COMPANIES Orix Leasing Pakistan 360,080 - - 302,815 - 428,500 234,395 4,538 9,845 0.01 0.01 0.29 Right Percentage Orix Leasing Pakistan Right 302,815 - Bonus - (302,815) - - - Cost/ - 0 - 0.00 0.00 shares Merger/ Market Market Value of paid-up Security Leasing Corporation 291,526 Purchases - shares - - - 134,500Sale 157,026 Carrying 251 1,314 0.00 0.00 0.43 As at July purchased/ Demerger As at March Value as at Net as a capital of the Saudi PakName Leasing of Investee Companies 347,752 during the - received - - - during the- 347,752 value ast 167 at 313 0.00 0.00 0.77 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, 1,302,173 - - during the - Effects - 563,000 739,173 4,957 2018 11,472 0.02 of investment 0.02 company period 2018 period held INV. BANKS / INV. COS. / SECURITIES COS ------Rupees in '000------%------786 Investment Limited 663,832 - - - - - 663,832 - - - - 4.43 CLOSE - END MUTUAL FUND Next Capital Limited 699,500 - - - - 104,500 595,000 3,959 5,813 0.01 0.01 1.32 Dominion Stock Fund 157,629 - - - - - 157,629 - - - - 3.15 First Capital Securities Corp. 3,869,059 - - - - 25,000 3,844,059 6,963 8,380 0.01 0.01 1.21 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 First Dawood Inv. Bank 1,585,564 - - - - - 1,585,564 1,205 2,695 0.00 0.00 1.07 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 192,688 0.25 0.25 2.27 Invest Capital Investment Bank Ltd. 8,271,554 - - - - - 8,271,554 1,654 13,400 0.02 0.02 2.90 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 134,438 0.18 0.18 3.56 IGI Investment Bank 5,004,579 - - - (5,004,579) ------2.36 16,867,521 - - - - - 16,867,521 56,460 327,126 0.43 0.43 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 J.O.V.& Co. 1,775,606 - - - - - 1,775,606 - - - - 3.49 MODARABAS Jahangir Siddiqui & Co. 575,441 - - - - - 575,441 2,905 10,922 0.01 0.01 0.06 B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 14,865 0.02 0.02 2.38 Pakistan Stock Exchange Limited - 727,000 - - - 143,500 583,500 11,987 15,118 0.02 0.02 0.07 Habib Modarba First 1,584,070 - - - - 314,500 1,269,570 7,198 13,965 0.02 0.02 0.63 Prudential Investment Bank 326,292 - - - - - 326,292 - - - - 3.26 Orix Modaraba 1,948,462 - - - - - 1,948,462 13,269 37,820 0.05 0.05 4.29 Security Investment Bank 2,262,698 - - - - 192,500 2,070,198 2,588 13,767 0.02 0.02 4.02 5,390,609 - - - - 314,500 5,076,109 22,864 66,650 0.09 0.09 25,132,643 727,000 - - (5,004,579) 465,500 20,389,564 31,260 70,096 0.09 0.09
LEASING COMPANIES COMMERCIAL BANKS Orix Leasing Pakistan 360,080 - - 302,815 - 428,500 234,395 4,538 9,845 0.01 0.01 0.29 Allied Bank Limited 1,433,604 - - - - - 1,433,604 90,895 141,167 0.19 0.19 0.13 Orix Leasing Pakistan Right 302,815 - - (302,815) - - - - 0 - 0.00 0.00 Askari Bank Limited 24,471,856 - - - - - 24,471,856 223,642 560,895 0.74 0.74 1.94 Security Leasing Corporation 291,526 - - - - 134,500 157,026 251 1,314 0.00 0.00 0.43 Bank Al - Falah Limited 588,409 500,000 - - - 470,500 617,909 16,880 32,644 0.04 0.04 0.04 Saudi Pak Leasing 347,752 - - - - - 347,752 167 313 0.00 0.00 0.77 Bank Al - Habib Limited 66,213,829 - - - - 4,142,500 62,071,329 672,704 4,810,528 6.34 6.36 5.58 1,302,173 - - - - 563,000 739,173 4,957 11,472 0.02 0.02 Bankislami Pakistan 247,816 - - - - 127,500 120,316 744 1,393 0.00 0.00 0.01 Faysal Bank Limited 1,046,588 - 145,738 - - 100,000 1,092,326 4,679 28,816 0.04 0.04 0.09 INV. BANKS / INV. COS. / SECURITIES COS Habib Bank Limited 1,137,433 310,000 - - - 260,000 1,187,433 202,742 251,914 0.33 0.33 0.08 786 Investment Limited 663,832 - - - - - 663,832 - - - - 4.43 Habib Metropolitan Bank Limited 46,190,107 - - - - 3,266,000 42,924,107 652,584 1,841,873 2.43 2.44 4.10 Next Capital Limited 699,500 - - - - 104,500 595,000 3,959 5,813 0.01 0.01 1.32 JS Bank Limited 8,558,161 - - - - - 8,558,161 16,468 76,424 0.10 0.10 0.80 First Capital Securities Corp. 3,869,059 - - - - 25,000 3,844,059 6,963 8,380 0.01 0.01 1.21 MCB Bank Limited 449,242 346,700 - - 11,793 40,200 767,535 163,491 168,957 0.22 0.22 0.07 First Dawood Inv. Bank 1,585,564 - - - - - 1,585,564 1,205 2,695 0.00 0.00 1.07 NIB Bank Limited 1651532 (1,651,532) ------Invest Capital Investment Bank Ltd. 8,271,554 - - - - - 8,271,554 1,654 13,400 0.02 0.02 2.90 National Bank Of Pakistan 363,078 - - - - - 363,078 10,795 18,176 0.02 0.02 0.02 IGI Investment Bank 5,004,579 - - - (5,004,579) ------2.36 Samba Bank Limited 2,973,804 - - - - 384,000 2,589,804 6,660 21,133 0.03 0.03 0.26 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 Silkbank Limited 20,880,417 - - - - - 20,880,417 29,441 29,441 0.04 0.04 0.27 J.O.V.& Co. 1,775,606 - - - - - 1,775,606 - - - - 3.49 Summit Bank Limited 506,978 - - - - - 506,978 1,060 1,303 0.00 0.00 0.02 Jahangir Siddiqui & Co. 575,441 - - - - - 575,441 2,905 10,922 0.01 0.01 0.06 Soneri Bank Limited 107,774,049 - - - - 2,613,500 105,160,549 335,901 1,303,991 1.72 1.72 9.54 Pakistan Stock Exchange Limited - 727,000 - - - 143,500 583,500 11,987 15,118 0.02 0.02 0.07 United Bank Limited 966,099 345,000 - - - 35,000 1,276,099 230,615 266,564 0.35 0.35 0.10 Prudential Investment Bank 326,292 - - - - - 326,292 - - - - 3.26 285,453,002 1,501,700 145,738 - (1,639,739) 11,439,200 274,021,501 2,659,300 9,555,220 12.58 12.64 Security Investment Bank 2,262,698 - - - - 192,500 2,070,198 2,588 13,767 0.02 0.02 4.02 25,132,643 727,000 - - (5,004,579) 465,500 20,389,564 31,260 70,096 0.09 0.09 INSURANCE IGI Insurance Limied - - - - 54,397 - 54,397 4,504 15,882 - 0.02 - COMMERCIAL BANKS - - - - 54,397 - 54,397 4,504 15,882 - 20,386.41 Allied Bank Limited 1,433,604 - - - - - 1,433,604 90,895 141,167 0.19 0.19 0.13 Askari Bank Limited 24,471,856 - - - - - 24,471,856 223,642 560,895 0.74 0.74 1.94 TEXTILE SPINING Bank Al - Falah Limited 588,409 500,000 - - - 470,500 617,909 16,880 32,644 0.04 0.04 0.04 Adil Textile Mills Limited 93,592 - - - - - 93,592 - - - - 1.21 Bank Al - Habib Limited 66,213,829 - - - - 4,142,500 62,071,329 672,704 4,810,528 6.34 6.36 5.58 Amtex Limited 363,523 - - - - - 363,523 436 563 0.00 0.00 0.14 Bankislami Pakistan 247,816 - - - - 127,500 120,316 744 1,393 0.00 0.00 0.01 Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 Faysal Bank Limited 1,046,588 - 145,738 - - 100,000 1,092,326 4,679 28,816 0.04 0.04 0.09 Asim Textile Mills Limited 1,041,800 - - - - 50,000 991,800 - 8,877 0.01 0.01 6.53 Habib Bank Limited 1,137,433 310,000 - - - 260,000 1,187,433 202,742 251,914 0.33 0.33 0.08 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 4,029 0.01 0.01 2.21 Habib Metropolitan Bank Limited 46,190,107 - - - - 3,266,000 42,924,107 652,584 1,841,873 2.43 2.44 4.10 Brothers Textile Mills Limited 579,461 - - - - - 579,461 - - - - 5.91 JS Bank Limited 8,558,161 - - - - - 8,558,161 16,468 76,424 0.10 0.10 0.80 Crescent Cotton Mills Limited 1,048,579 - 62,914 - - - 1,111,493 5,637 42,014 0.06 0.06 5.20 MCB Bank Limited 449,242 346,700 - - 11,793 40,200 767,535 163,491 168,957 0.22 0.22 0.07 Crescent Fibres Limited 852,681 - - - - - 852,681 - 21,863 0.03 0.03 6.87 NIB Bank Limited 1651532 (1,651,532) ------Colony Textile Mills Limited 1,069,498 - - - - - 1,069,498 1,351 4,492 0.01 0.01 0.21 National Bank Of Pakistan 363,078 - - - - - 363,078 10,795 18,176 0.02 0.02 0.02 Chakwal Spinning Mills Limited 742,008 - - - - - 742,008 - 3,183 0.00 0.00 1.86 Samba Bank Limited 2,973,804 - - - - 384,000 2,589,804 6,660 21,133 0.03 0.03 0.26 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Silkbank Limited 20,880,417 - - - - - 20,880,417 29,441 29,441 0.04 0.04 0.27 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 33,945 0.04 0.04 1.52 Summit Bank Limited 506,978 - - - - - 506,978 1,060 1,303 0.00 0.00 0.02 Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 662 0.00 0.00 3.40 Soneri Bank Limited 107,774,049 - - - - 2,613,500 105,160,549 335,901 1,303,991 1.72 1.72 9.54 Dewan Mushtaq Textile Mills Limited 192,424 - - - - - 192,424 385 779 0.00 0.00 2.93 United Bank Limited 966,099 345,000 - - - 35,000 1,276,099 230,615 266,564 0.35 0.35 0.10 D. M. Textile Mills Limited 304,614 - - - - 25,000 279,614 503 11,630 0.02 0.02 9.16 285,453,002 1,501,700 145,738 - (1,639,739) 11,439,200 274,021,501 2,659,300 9,555,220 12.58 12.64 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 0.00 0.00 0.07 Dar-Es-Salaam Textile Mills Limited 259,287 - - - - - 259,287 570 1,530 0.00 0.00 3.24 INSURANCE Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 45,785 0.06 0.06 6.43 IGI Insurance Limied - - - - 54,397 - 54,397 4,504 15,882 - 0.02 - Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 - - - - 54,397 - 54,397 4,504 15,882 - 20,386.41 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 258,199 0.34 0.34 5.89 Gadoon Textile Mills 132,499 - - - - - 132,499 1,231 31,505 0.04 0.04 0.47 TEXTILE SPINING Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 Adil Textile Mills Limited 93,592 - - - - - 93,592 - - - - 1.21 Gulshan Spinning Mills Limited 1,137,974 - - - - - 1,137,974 - - - - 5.12 Amtex Limited 363,523 - - - - - 363,523 436 563 0.00 0.00 0.14 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 - - - - 3.87 Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 Asim Textile Mills Limited 1,041,800 - - - - 50,000 991,800 - 8,877 0.01 0.01 6.53 Ideal Spinning Mills Limited. 658,396 - - - - 20,000 638,396 894 5,426 0.01 0.01 6.44 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 4,029 0.01 0.01 2.21 Indus Dyeing Manufacturing Co. Ltd 525,295 - - - - - 525,295 5,509 245,444 0.32 0.32 2.91 Brothers Textile Mills Limited 579,461 - - - - - 579,461 - - - - 5.91 J. A. Textile Mills Limited 127,361 - - - - - 127,361 - 618 0.00 0.00 1.01 Crescent Cotton Mills Limited 1,048,579 - 62,914 - - - 1,111,493 5,637 42,014 0.06 0.06 5.20 Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 Crescent Fibres Limited 852,681 - - - - - 852,681 - 21,863 0.03 0.03 6.87 Kohinoor Spinning Mills Limited 535,827 - - - - 35,000 500,827 - 1,838 0.00 0.00 0.39 Colony Textile Mills Limited 1,069,498 - - - - - 1,069,498 1,351 4,492 0.01 0.01 0.21 Khalid Siraj Textile Mills Limited 682,998 - - - - - 682,998 - 1,373 0.00 0.00 6.38 Chakwal Spinning Mills Limited 742,008 - - - - - 742,008 - 3,183 0.00 0.00 1.86 Land Mark Spinning Industries Ltd. 355,437 - - - - 100,000 255,437 - 1,533 0.00 0.00 2.11 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 33,945 0.04 0.04 1.52 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 47,109 0.06 0.06 8.45 Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 662 0.00 0.00 3.40 Premium Textile Mills Limited 726,823 - - - - 111,200 615,623 6,713 109,581 0.14 0.14 9.99 Dewan Mushtaq Textile Mills Limited 192,424 - - - - - 192,424 385 779 0.00 0.00 2.93 D. M. Textile Mills Limited 304,614 - - - - 25,000 279,614 503 11,630 0.02 0.02 9.16 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 0.00 0.00 0.07 Dar-Es-Salaam Textile Mills Limited 259,287 - - - - - 259,287 570 1,530 0.00 0.00 3.24 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 45,785 0.06 0.06 6.43 18 Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 258,199 0.34 0.34 5.89 Gadoon Textile Mills 132,499 - - - - - 132,499 1,231 31,505 0.04 0.04 0.47 Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 Gulshan Spinning Mills Limited 1,137,974 - - - - - 1,137,974 - - - - 5.12 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 - - - - 3.87 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 Ideal Spinning Mills Limited. 658,396 - - - - 20,000 638,396 894 5,426 0.01 0.01 6.44 Indus Dyeing Manufacturing Co. Ltd 525,295 - - - - - 525,295 5,509 245,444 0.32 0.32 2.91 J. A. Textile Mills Limited 127,361 - - - - - 127,361 - 618 0.00 0.00 1.01 Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 Kohinoor Spinning Mills Limited 535,827 - - - - 35,000 500,827 - 1,838 0.00 0.00 0.39 Khalid Siraj Textile Mills Limited 682,998 - - - - - 682,998 - 1,373 0.00 0.00 6.38 Land Mark Spinning Industries Ltd. 355,437 - - - - 100,000 255,437 - 1,533 0.00 0.00 2.11 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 47,109 0.06 0.06 8.45 Premium Textile Mills Limited 726,823 - - - - 111,200 615,623 6,713 109,581 0.14 0.14 9.99 NATIONAL INVESTMENT (UNIT) TRUST NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018
6.2 Available for sale
Right Percentage Bonus Cost/ shares Merger/ Market Market Value of paid-up Purchases shares Sale Carrying As at July purchased/ Demerger As at March Value as at Net as a capital of the Name of Investee Companies during the received during the value ast at 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, during the Effects 2018 of investment company period 2018 period held
------Rupees in '000------%------CLOSE - END MUTUAL FUND Reliance Cotton Spinning Mills Ltd. 465,638 - - - - - 465,638 3,824 74,311 0.10 0.10 4.52 Dominion Stock Fund 157,629 - - - - - 157,629 - - - - 3.15 Ruby Textile Mills Limited 297,664 - - - - - 297,664 - 1,584 0.00 0.00 0.57 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 Saif Textile Mills Limited 1,769,371 - - - - 76,500 1,692,871 4,181 31,403 0.04 0.04 6.41 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 192,688 0.25 0.25 2.27 Salfi Textile Mills Limited 104,645 - - - - - 104,645 956 16,822 0.02 0.02 3.13 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 134,438 0.18 0.18 3.56 Salman Noman Enterpries Limited 291,399 - - - - 51,000 240,399 - 721 0.00 0.00 5.38 16,867,521 - - - - - 16,867,521 56,460 327,126 0.43 0.43 Service (Textile) Industries Limited 162,908 - - - - - 162,908 - 2,843 0.00 0.00 3.66 Shadab Textile Mills Limited 94,207 - - - - - 94,207 - 5,228 0.01 0.01 3.14 MODARABAS Sajjad Textile Mills Limited 316,932 - - - - - 316,932 - 1,078 0.00 0.00 1.49 B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 14,865 0.02 0.02 2.38 Sally Textile Mills Limited 348,279 - - - - - 348,279 - 3,135 0.00 0.00 3.97 Habib Modarba First 1,584,070 - - - - 314,500 1,269,570 7,198 13,965 0.02 0.02 0.63 Sana Industries Limited 423,001 - - - - - 423,001 3,925 16,920 0.02 0.02 4.92 Orix Modaraba 1,948,462 - - - - - 1,948,462 13,269 37,820 0.05 0.05 4.29 Sargodha Spinning Mills Limited 588,202 - - - - 10,000 578,202 - 14,941 0.02 0.02 1.85 5,390,609 - - - - 314,500 5,076,109 22,864 66,650 0.09 0.09 Saritow Spinning Mills Limited 1,309,435 - - - - - 1,309,435 - 9,690 0.01 0.01 4.39 Sunshine Cotton Mills Limited 426,521 - - - - - 426,521 - - - - 5.43 LEASING COMPANIES Sunrays Textile Mills Limited 318,842 - - - - - 318,842 2,741 53,247 0.07 0.07 4.62 Orix Leasing Pakistan 360,080 - - 302,815 - 428,500 234,395 4,538 9,845 0.01 0.01 0.29 Tata Textile Mills Limited 2,138,998 - - - - 191,500 1,947,498 16,437 74,005 0.10 0.10 11.24 Orix Leasing Pakistan Right 302,815 - - (302,815) - - - - 0 - 0.00 0.00 28,041,340 - 62,914 - - 670,200 27,434,054 92,052 1,188,039 1.56 1.57 Security Leasing Corporation 291,526 - - - - 134,500 157,026 251 1,314 0.00 0.00 0.43 TEXTILE WEAVING Saudi Pak Leasing 347,752 - - - - - 347,752 167 313 0.00 0.00 0.77 Ayaz Textile Mills Limited. 210,188 - - - - - 210,188 - - - - 2.46 1,302,173 - - - - 563,000 739,173 4,957 11,472 0.02 0.02 Hakkim Textile Mills Limited 257,368 - - - - - 257,368 - - - - 4.77 Sadoon Textile Mills Limited 985 - - - - - 985 - - - - 0.03 INV. BANKS / INV. COS. / SECURITIES COS Service Fabircs Limited 1,349,180 - - - - - 1,349,180 - 5,532 0.01 0.01 8.56 786 Investment Limited 663,832 - - - - - 663,832 - - - - 4.43 Shahtaj Textile Mills Limited 475,726 - - - - - 475,726 4,370 36,089 0.05 0.05 4.92 Next Capital Limited 699,500 - - - - 104,500 595,000 3,959 5,813 0.01 0.01 1.32 2,293,447 - - - - - 2,293,447 4,370 41,620 0.05 0.06 First Capital Securities Corp. 3,869,059 - - - - 25,000 3,844,059 6,963 8,380 0.01 0.01 1.21 First Dawood Inv. Bank 1,585,564 - - - - - 1,585,564 1,205 2,695 0.00 0.00 1.07 TEXTILE COMPOSITE Invest Capital Investment Bank Ltd. 8,271,554 - - - - - 8,271,554 1,654 13,400 0.02 0.02 2.90 Ahmed Hassan Textile Mills Limited 913,009 - - - - - 913,009 10,966 31,681 0.04 0.04 6.34 IGI Investment Bank 5,004,579 - - - (5,004,579) ------2.36 Azgard Nine Limited 98,357 - - - - 98,357 ------Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 (Colony) Sarhad Textile Mills Limited 328,879 - - - - - 328,879 - - - - 8.22 J.O.V.& Co. 1,775,606 - - - - - 1,775,606 - - - - 3.49 Crescent Textile Mills Limited 1,724,601 - - - - 40,500 1,684,101 18,879 51,062 0.07 0.07 2.11 Jahangir Siddiqui & Co. 575,441 - - - - - 575,441 2,905 10,922 0.01 0.01 0.06 Dawood Lawrencepur Limited 275,595 - - - - - 275,595 6,004 46,033 0.06 0.06 0.47 Pakistan Stock Exchange Limited - 727,000 - - - 143,500 583,500 11,987 15,118 0.02 0.02 0.07 Fateh Sports Wear Limited 45,300 - - - - - 45,300 - - - - 2.27 Prudential Investment Bank 326,292 - - - - - 326,292 - - - - 3.26 Fateh Textile Mills Limited. 35,925 - - - - - 35,925 - - - - 2.87 Security Investment Bank 2,262,698 - - - - 192,500 2,070,198 2,588 13,767 0.02 0.02 4.02 Gul Ahmed Textile Mills Limited 2,762,995 - - - - - 2,762,995 32,810 117,925 0.16 0.16 0.93 25,132,643 727,000 - - (5,004,579) 465,500 20,389,564 31,260 70,096 0.09 0.09 Ishaq Textile Mills Limited 431,946 - - - - - 431,946 894 3,801 0.01 0.01 4.47 Kaiser Arts & Krafts Mills Limited 36,944 - - - - - 36,944 - - - - 0.43 COMMERCIAL BANKS Kohinoor Mills 2,814,830 - - - - - 2,814,830 2,956 102,741 0.14 0.14 5.53 Allied Bank Limited 1,433,604 - - - - - 1,433,604 90,895 141,167 0.19 0.19 0.13 Kohinoor Textile Mills Limited 1,433,994 - - 80,471 - 152,800 1,361,665 8,686 95,793 0.13 0.13 0.48 Askari Bank Limited 24,471,856 - - - - - 24,471,856 223,642 560,895 0.74 0.74 1.94 Muhammad Farooq Textile Mills Ltd. 585,277 - - - - 70,000 515,277 (0) - - - 2.73 Bank Al - Falah Limited 588,409 500,000 - - - 470,500 617,909 16,880 32,644 0.04 0.04 0.04 Masood Textile Mills Limited 2,214,169 - - - - - 2,214,169 70,918 203,283 0.27 0.27 3.69 Bank Al - Habib Limited 66,213,829 - - - - 4,142,500 62,071,329 672,704 4,810,528 6.34 6.36 5.58 Mian Textile Mills Limited 605,578 - - - - - 605,578 182 1,877 0.00 0.00 2.74 Bankislami Pakistan 247,816 - - - - 127,500 120,316 744 1,393 0.00 0.00 0.01 Nishat (Chunian) Limited 5,982,868 - - - - 356,000 5,626,868 75,809 291,078 0.38 0.38 2.34 Faysal Bank Limited 1,046,588 - 145,738 - - 100,000 1,092,326 4,679 28,816 0.04 0.04 0.09 Nishat Mills Limited 4,405,699 137,500 - - - 377,500 4,165,699 195,462 661,888 0.87 0.88 1.18 Habib Bank Limited 1,137,433 310,000 - - - 260,000 1,187,433 202,742 251,914 0.33 0.33 0.08 Paramount Spinning Mills Limited. 1,803,686 - - - - - 1,803,686 - - - - 10.39 Habib Metropolitan Bank Limited 46,190,107 - - - - 3,266,000 42,924,107 652,584 1,841,873 2.43 2.44 4.10 Reliance Weaving Mills Limited 592,645 - - - - - 592,645 2,074 19,557 0.03 0.03 1.92 JS Bank Limited 8,558,161 - - - - - 8,558,161 16,468 76,424 0.10 0.10 0.80 Sapphire Textile Mills Limited 352,976 - - - - - 352,976 24,355 588,093 0.77 0.78 1.76 MCB Bank Limited 449,242 346,700 - - 11,793 40,200 767,535 163,491 168,957 0.22 0.22 0.07 Schon Textiles Limited 258,610 - - - - - 258,610 - - - - 2.16 NIB Bank Limited 1651532 (1,651,532) ------Sapphire Fibers Limited 224,435 - - - - - 224,435 16,945 201,992 0.27 0.27 1.14 National Bank Of Pakistan 363,078 - - - - - 363,078 10,795 18,176 0.02 0.02 0.02 Shams Textile Mills Limited 1,189,498 - - - - 145,000 1,044,498 5,954 50,630 0.07 0.07 12.09 Samba Bank Limited 2,973,804 - - - - 384,000 2,589,804 6,660 21,133 0.03 0.03 0.26 Suraj Cotton Mills Limited 625,044 - 62,504 - - - 687,548 6,324 100,382 0.13 0.13 2.61 Silkbank Limited 20,880,417 - - - - - 20,880,417 29,441 29,441 0.04 0.04 0.27 Taj Textile Mills Limited 1,409,947 - - - - - 1,409,947 - - - - 4.22 Summit Bank Limited 506,978 - - - - - 506,978 1,060 1,303 0.00 0.00 0.02 Zahur Cotton Mills Limited 485,694 - - - - - 485,694 - - - - 4.93 Soneri Bank Limited 107,774,049 - - - - 2,613,500 105,160,549 335,901 1,303,991 1.72 1.72 9.54 31,638,501 137,500 62,504 80,471 - 1,240,157 30,678,819 479,218 2,567,816 3.38 3.40 United Bank Limited 966,099 345,000 - - - 35,000 1,276,099 230,615 266,564 0.35 0.35 0.10 285,453,002 1,501,700 145,738 - (1,639,739) 11,439,200 274,021,501 2,659,300 9,555,220 12.58 12.64 WOLLEN Moonlite (Pak) Limited 115,477 - - - - - 115,477 - - - - 5.35 INSURANCE 115,477 - - - - - 115,477 - - - - IGI Insurance Limied - - - - 54,397 - 54,397 4,504 15,882 - 0.02 - - - - - 54,397 - 54,397 4,504 15,882 - 20,386.41 SYNTHETIC & RAYON Al-Abid Silk Mills Limited. 1,113,687 - - - - - 1,113,687 3,887 3,887 0.01 0.01 8.31 TEXTILE SPINING Ibrahim Fibres Limited 1,577,030 - - - - 25,000 1,552,030 41,967 88,854 0.12 0.12 0.50 Adil Textile Mills Limited 93,592 - - - - - 93,592 - - - - 1.21 Rupali Polyester Limited 584,500 - - - - - 584,500 5,249 22,544 0.03 0.03 1.72 Amtex Limited 363,523 - - - - - 363,523 436 563 0.00 0.00 0.14 3,275,217 - - - - 25,000 3,250,217 51,102 115,285 0.15 0.15 Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 Asim Textile Mills Limited 1,041,800 - - - - 50,000 991,800 - 8,877 0.01 0.01 6.53 JUTE Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 4,029 0.01 0.01 2.21 Crescent Jute Proudcts Limited 1,386,218 - - - - - 1,386,218 - - - - 5.83 Brothers Textile Mills Limited 579,461 - - - - - 579,461 - - - - 5.91 1,386,218 - - - - - 1,386,218 - - - - Crescent Cotton Mills Limited 1,048,579 - 62,914 - - - 1,111,493 5,637 42,014 0.06 0.06 5.20 Crescent Fibres Limited 852,681 - - - - - 852,681 - 21,863 0.03 0.03 6.87 SUGAR & ALLIED INDUSTRIES Colony Textile Mills Limited 1,069,498 - - - - - 1,069,498 1,351 4,492 0.01 0.01 0.21 Al- Abbas Sugar Mills Limited 829,583 - - - - 135,300 694,283 6,586 129,130 0.17 0.17 4.00 Chakwal Spinning Mills Limited 742,008 - - - - - 742,008 - 3,183 0.00 0.00 1.86 Al-Noor Sugar Mills Limited 1,898,887 - - - - - 1,898,887 - 95,799 0.13 0.13 9.27 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Chashma Sugar Mills Limited. 852,227 - - - - - 852,227 2,770 36,671 0.05 0.05 2.97 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 33,945 0.04 0.04 1.52 Dewan Sugar Mills Limited 1,932,432 - - - - 178,000 1,754,432 2,947 12,948 0.02 0.02 2.64 Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 662 0.00 0.00 3.40 Faran Sugar Mills Limited 2,120,274 - - - - - 2,120,274 25,309 194,005 0.26 0.26 8.48 Dewan Mushtaq Textile Mills Limited 192,424 - - - - - 192,424 385 779 0.00 0.00 2.93 Habib Sugar Mills Limited 11,143,251 - - - - 514,000 10,629,251 35,950 392,113 0.52 0.52 7.09 D. M. Textile Mills Limited 304,614 - - - - 25,000 279,614 503 11,630 0.02 0.02 9.16 Jauharabad Sugar Mills Limited 791,950 - - - - - 791,950 2,341 32,470 0.04 0.04 7.26 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 0.00 0.00 0.07 Mirpurkhas Sugar Mills Limited 1,147,289 - - - - - 1,147,289 - 177,038 0.23 0.23 9.35 Dar-Es-Salaam Textile Mills Limited 259,287 - - - - - 259,287 570 1,530 0.00 0.00 3.24 Premier Sugar Mills & Distillery Co. 58,825 - - - - - 58,825 2,440 4,490 0.01 0.01 1.57 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 45,785 0.06 0.06 6.43 Pangrio Sugar Mills Limited 760,820 - - - - - 760,820 - - - - 7.01 Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 19 Sanghar Sugar Mills Limited 1,063,616 - - - - - 1,063,616 - 28,718 0.04 0.04 8.90 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 258,199 0.34 0.34 5.89 Shakarganj Limited 6,883,129 - - 938,608 - 701,600 7,120,137 94,872 505,530 0.67 0.67 6.47 Gadoon Textile Mills 132,499 - - - - - 132,499 1,231 31,505 0.04 0.04 0.47 Shakarganj Limited Right 938,604 - - (938,608) ------(0.00) Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 Shahtaj Sugar Mills Limited 801,695 - - - - - 801,695 13,393 92,283 0.12 0.12 6.67 Gulshan Spinning Mills Limited 1,137,974 - - - - - 1,137,974 - - - - 5.12 Shahmurad Sugar Mills Limited 1,702,910 - - - - 105,500 1,597,410 - 119,806 0.16 0.16 7.56 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 - - - - 3.87 Sakrand Sugar Mills Limited 340,700 - - 340,700 - - 681,400 3,407 16,292 0.02 0.02 3.05 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 Sakrand Sugar Mills Limited Right 340,700 - - (340,700) ------Ideal Spinning Mills Limited. 658,396 - - - - 20,000 638,396 894 5,426 0.01 0.01 6.44 Saleem Sugar Limited (O) 8,761 - - - - - 8,761 - - - - 0.78 Indus Dyeing Manufacturing Co. Ltd 525,295 - - - - - 525,295 5,509 245,444 0.32 0.32 2.91 Saleem Suger Limited .(P) 6 % 198 - - - - - 198 - - - - 0.40 J. A. Textile Mills Limited 127,361 - - - - - 127,361 - 618 0.00 0.00 1.01 33,615,851 - - - - 1,634,400 31,981,455 190,015 1,837,292 2.42 2.43 Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 Kohinoor Spinning Mills Limited 535,827 - - - - 35,000 500,827 - 1,838 0.00 0.00 0.39 CEMENT Khalid Siraj Textile Mills Limited 682,998 - - - - - 682,998 - 1,373 0.00 0.00 6.38 Attock Cement Pakistan Limited 61,956 - - - - - 61,956 2,274 11,794 0.02 0.02 0.05 Land Mark Spinning Industries Ltd. 355,437 - - - - 100,000 255,437 - 1,533 0.00 0.00 2.11 Bestway Cement Limited 944,715 - - - - - 944,715 14,629 149,435 0.20 0.20 0.16 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 Cherat Cement Company Limited 7,526,658 59,200 - - - 62,500 7,523,358 119,929 965,247 1.27 1.28 4.26 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 47,109 0.06 0.06 8.45 D. G. Khan Cement Co. Limited 1,047,281 507,400 - - - 150,000 1,404,681 99,729 229,118 0.30 0.30 0.32 Premium Textile Mills Limited 726,823 - - - - 111,200 615,623 6,713 109,581 0.14 0.14 9.99 Fauji Cement Company Limited 1,976,867 1,175,000 - - - 100,000 3,051,867 78,696 89,267 0.12 0.12 0.23 Fecto Cement Limited 1,127,255 - - - - - 1,127,255 4,396 55,382 0.07 0.07 2.25 Kohat Cement Limited 81,500 - - - - - 81,500 6,431 13,080 0.02 0.02 0.05 Lucky Cement Limited 1,260,235 150,000 - - - 94,850 1,315,385 202,770 907,116 1.19 1.20 0.41 Maple Leaf Cement Factory Limited 239,746 - - 29,968 - - 269,714 2,502 19,104 0.03 0.03 0.05 Maple Leaf Cement Factory Limited -Right ------Pioneer Cement Limited 429,444 - - - - - 429,444 1,417 30,078 0.04 0.04 0.19 Thatta Cement Limited 1,636,080 - - - - 242,500 1,393,580 24,953 34,226 0.05 0.05 1.40 Zeal Pak Cement Factory Limited 486,248 - - - - - 486,248 - - - - 0.11 16,817,985 1,891,600 - 29,968 - 649,850 18,089,703 557,727 2,503,847 3.30 3.31 Reliance Cotton Spinning Mills Ltd. 465,638 - - - - - 465,638 3,824 74,311 0.10 0.10 4.52 Ruby Textile Mills Limited 297,664 - - - - - 297,664 - 1,584 0.00 0.00 0.57 Saif Textile Mills Limited 1,769,371 - - - - 76,500 1,692,871 4,181 31,403 0.04 0.04 6.41 Salfi Textile Mills Limited 104,645 - - - - - 104,645 956 16,822 0.02 0.02 3.13 Salman Noman Enterpries Limited 291,399 - - - - 51,000 240,399 - 721 0.00 0.00 5.38 Service (Textile) Industries Limited 162,908 - - - - - 162,908 - 2,843 0.00 0.00 3.66 Shadab Textile Mills Limited 94,207 - - - - - 94,207 - 5,228 0.01 0.01 3.14 Sajjad Textile Mills Limited 316,932 - - - - - 316,932 - 1,078 0.00 0.00 1.49 Sally Textile Mills Limited 348,279 - - - - - 348,279 - 3,135 0.00 0.00 3.97 Sana Industries Limited 423,001 - - - - - 423,001 3,925 16,920 0.02 0.02 4.92 Sargodha Spinning Mills Limited 588,202 - - - - 10,000 578,202 - 14,941 0.02 0.02 1.85 Saritow Spinning Mills Limited 1,309,435 - - - - - 1,309,435 - 9,690 0.01 0.01 4.39 Sunshine Cotton Mills Limited 426,521 - - - - - 426,521 - - - - 5.43 Sunrays Textile Mills Limited 318,842 - - - - - 318,842 2,741 53,247 0.07 0.07 4.62 Tata Textile Mills Limited 2,138,998 - - - - 191,500 1,947,498 16,437 74,005 0.10 0.10 11.24 28,041,340 - 62,914 - - 670,200 27,434,054 92,052 1,188,039 1.56 1.57 TEXTILE WEAVING Ayaz Textile Mills Limited. 210,188 - - - - - 210,188 - - - - 2.46 Hakkim Textile Mills Limited 257,368 - - - - - 257,368 - - - - 4.77 Sadoon Textile Mills Limited 985 - - - - - 985 - - - - 0.03 Service Fabircs Limited 1,349,180 - - - - - 1,349,180 - 5,532 0.01 0.01 8.56 Shahtaj Textile Mills Limited 475,726 - - - - - 475,726 4,370 36,089 0.05 0.05 4.92 2,293,447 - - - - - 2,293,447 4,370 41,620 0.05 0.06
TEXTILE COMPOSITE Ahmed Hassan Textile Mills Limited 913,009 - - - - - 913,009 10,966 31,681 0.04 0.04 6.34 Azgard Nine Limited 98,357 - - - - 98,357 ------(Colony) Sarhad Textile Mills Limited 328,879 - - - - - 328,879 - - - - 8.22 Crescent Textile Mills Limited 1,724,601 - - - - 40,500 1,684,101 18,879 51,062 0.07 0.07 2.11 Dawood Lawrencepur Limited 275,595 - - - - - 275,595 6,004 46,033 0.06 0.06 0.47 Fateh Sports Wear Limited 45,300 - - - - - 45,300 - - - - 2.27 Fateh Textile Mills Limited. 35,925 - - - - - 35,925 - - - - 2.87 Gul Ahmed Textile Mills Limited 2,762,995 - - - - - 2,762,995 32,810 117,925 0.16 0.16 0.93 Ishaq Textile Mills Limited 431,946 - - - - - 431,946 894 3,801 0.01 0.01 4.47 Kaiser Arts & Krafts Mills Limited 36,944 - - - - - 36,944 - - - - 0.43 Kohinoor Mills 2,814,830 - - - - - 2,814,830 2,956 102,741 0.14 0.14 5.53 Kohinoor Textile Mills Limited 1,433,994 - - 80,471 - 152,800 1,361,665 8,686 95,793 0.13 0.13 0.48 Muhammad Farooq Textile Mills Ltd. 585,277 - - - - 70,000 515,277 (0) - - - 2.73 Masood Textile Mills Limited 2,214,169 - - - - - 2,214,169 70,918 203,283 0.27 0.27 3.69 Mian Textile Mills Limited 605,578 - - - - - 605,578 182 1,877 0.00 0.00 2.74 Nishat (Chunian) Limited 5,982,868 - - - - 356,000 5,626,868 75,809 291,078 0.38 0.38 2.34 Nishat Mills Limited 4,405,699 137,500 - - - 377,500 4,165,699 195,462 661,888 0.87 0.88 1.18 Paramount Spinning Mills Limited. 1,803,686 - - - - - 1,803,686 - - - - 10.39 Reliance Weaving Mills Limited 592,645 - - - - - 592,645 2,074 19,557 0.03 0.03 1.92 Sapphire Textile Mills Limited 352,976 - - - - - 352,976 24,355 588,093 0.77 0.78 1.76 Schon Textiles Limited 258,610 - - - - - 258,610 - - - - 2.16 Sapphire Fibers Limited 224,435 - - - - - 224,435 16,945 201,992 0.27 0.27 1.14 Shams Textile Mills Limited 1,189,498 - - - - 145,000 1,044,498 5,954 50,630 0.07 0.07 12.09 Suraj Cotton Mills Limited 625,044 - 62,504 - - - 687,548 6,324 100,382 0.13 0.13 2.61 Taj Textile Mills Limited 1,409,947 - - - - - 1,409,947 - - - - 4.22 Zahur Cotton Mills Limited 485,694 - - - - - 485,694 - - - - 4.93 NATIONAL INVESTMENT 31,638,501 (UNIT) 137,500 TRUST 62,504 80,471 - 1,240,157 30,678,819 479,218 2,567,816 3.38 3.40 WOLLEN Moonlite (Pak) Limited 115,477 - - - - - 115,477 - - - - 5.35 NOTES TO AND FORMING 115,477 PART - OF -THE CONDENSED - - - INTERIM 115,477 - FINANCIAL - - -
SYNTHETIC & RAYON INFORMATIONAl-Abid Silk Mills Limited. (UNAUDITED) 1,113,687 - - - - - 1,113,687 3,887 3,887 0.01 0.01 8.31 Ibrahim Fibres Limited 1,577,030 - - - - 25,000 1,552,030 41,967 88,854 0.12 0.12 0.50 FOR THERupali Polyester NINE Limited MONTHS AND 584,500 THREE - MONTHS - - PERIOD - ENDED - 584,500 MARCH 5,249 31, 22,544 2018 0.03 0.03 1.72 3,275,217 - - - - 25,000 3,250,217 51,102 115,285 0.15 0.15 6.2 Available for sale JUTE Crescent Jute Proudcts Limited 1,386,218 - - - - - 1,386,218 - - - - 5.83 Right Percentage 1,386,218 - Bonus - - - - 1,386,218 Cost/ - - - - shares Merger/ Market Market Value of paid-up Purchases shares Sale Carrying As at July purchased/ Demerger As at March Value as at Net as a capital of the Name of Investee Companies during the received during the value ast at SUGAR & ALLIED INDUSTRIES 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, Al- Abbas Sugar Mills Limited 829,583 - - during the - Effects - 135,300 694,283 6,586 129,1302018 0.17 of investment 0.17 company 4.00 period 2018 Al-Noor Sugar Mills Limited 1,898,887 - - period - - - 1,898,887 - 95,799 0.13 0.13 held 9.27 Chashma Sugar Mills Limited. 852,227 - - - - - 852,227 2,770 36,671 0.05 0.05 2.97 ------Rupees in '000------%------Dewan Sugar Mills Limited 1,932,432 - - - - 178,000 1,754,432 2,947 12,948 0.02 0.02 2.64 CLOSE - END MUTUAL FUND Faran Sugar Mills Limited 2,120,274 - - - - - 2,120,274 25,309 194,005 0.26 0.26 8.48 Dominion Stock Fund 157,629 - - - - - 157,629 - - - - 3.15 Habib Sugar Mills Limited 11,143,251 - - - - 514,000 10,629,251 35,950 392,113 0.52 0.52 7.09 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 Jauharabad Sugar Mills Limited 791,950 - - - - - 791,950 2,341 32,470 0.04 0.04 7.26 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 192,688 0.25 0.25 2.27 Mirpurkhas Sugar Mills Limited 1,147,289 - - - - - 1,147,289 - 177,038 0.23 0.23 9.35 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 134,438 0.18 0.18 3.56 Premier Sugar Mills & Distillery Co. 58,825 - - - - - 58,825 2,440 4,490 0.01 0.01 1.57 16,867,521 - - - - - 16,867,521 56,460 327,126 0.43 0.43 Pangrio Sugar Mills Limited 760,820 - - - - - 760,820 - - - - 7.01 Sanghar Sugar Mills Limited 1,063,616 - - - - - 1,063,616 - 28,718 0.04 0.04 8.90 MODARABAS Shakarganj Limited 6,883,129 - - 938,608 - 701,600 7,120,137 94,872 505,530 0.67 0.67 6.47 B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 14,865 0.02 0.02 2.38 Shakarganj Limited Right 938,604 - - (938,608) ------(0.00) Habib Modarba First 1,584,070 - - - - 314,500 1,269,570 7,198 13,965 0.02 0.02 0.63 Shahtaj Sugar Mills Limited 801,695 - - - - - 801,695 13,393 92,283 0.12 0.12 6.67 Orix Modaraba 1,948,462 - - - - - 1,948,462 13,269 37,820 0.05 0.05 4.29 Shahmurad Sugar Mills Limited 1,702,910 - - - - 105,500 1,597,410 - 119,806 0.16 0.16 7.56 5,390,609 - - - - 314,500 5,076,109 22,864 66,650 0.09 0.09 Sakrand Sugar Mills Limited 340,700 - - 340,700 - - 681,400 3,407 16,292 0.02 0.02 3.05 Sakrand Sugar Mills Limited Right 340,700 - - (340,700) ------LEASING COMPANIES Saleem Sugar Limited (O) 8,761 - - - - - 8,761 - - - - 0.78 Orix Leasing Pakistan 360,080 - - 302,815 - 428,500 234,395 4,538 9,845 0.01 0.01 0.29 Saleem Suger Limited .(P) 6 % 198 - - - - - 198 - - - - 0.40 Orix Leasing Pakistan Right 302,815 - - (302,815) - - - - 0 - 0.00 0.00 33,615,851 - - - - 1,634,400 31,981,455 190,015 1,837,292 2.42 2.43 Security Leasing Corporation 291,526 - - - - 134,500 157,026 251 1,314 0.00 0.00 0.43 Saudi Pak Leasing 347,752 - - - - - 347,752 167 313 0.00 0.00 0.77 CEMENT 1,302,173 - - - - 563,000 739,173 4,957 11,472 0.02 0.02 Attock Cement Pakistan Limited 61,956 - - - - - 61,956 2,274 11,794 0.02 0.02 0.05 Bestway Cement Limited 944,715 - - - - - 944,715 14,629 149,435 0.20 0.20 0.16 INV. BANKS / INV. COS. / SECURITIES COS Cherat Cement Company Limited 7,526,658 59,200 - - - 62,500 7,523,358 119,929 965,247 1.27 1.28 4.26 786 Investment Limited 663,832 - - - - - 663,832 - - - - 4.43 D. G. Khan Cement Co. Limited 1,047,281 507,400 - - - 150,000 1,404,681 99,729 229,118 0.30 0.30 0.32 Next Capital Limited 699,500 - - - - 104,500 595,000 3,959 5,813 0.01 0.01 1.32 Fauji Cement Company Limited 1,976,867 1,175,000 - - - 100,000 3,051,867 78,696 89,267 0.12 0.12 0.23 First Capital Securities Corp. 3,869,059 - - - - 25,000 3,844,059 6,963 8,380 0.01 0.01 1.21 Fecto Cement Limited 1,127,255 - - - - - 1,127,255 4,396 55,382 0.07 0.07 2.25 First Dawood Inv. Bank 1,585,564 - - - - - 1,585,564 1,205 2,695 0.00 0.00 1.07 Kohat Cement Limited 81,500 - - - - - 81,500 6,431 13,080 0.02 0.02 0.05 Invest Capital Investment Bank Ltd. 8,271,554 - - - - - 8,271,554 1,654 13,400 0.02 0.02 2.90 Lucky Cement Limited 1,260,235 150,000 - - - 94,850 1,315,385 202,770 907,116 1.19 1.20 0.41 IGI Investment Bank 5,004,579 - - - (5,004,579) ------2.36 Maple Leaf Cement Factory Limited 239,746 - - 29,968 - - 269,714 2,502 19,104 0.03 0.03 0.05 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 Maple Leaf Cement Factory Limited -Right ------J.O.V.& Co. 1,775,606 - - - - - 1,775,606 - - - - 3.49 Pioneer Cement Limited 429,444 - - - - - 429,444 1,417 30,078 0.04 0.04 0.19 Jahangir Siddiqui & Co. 575,441 - - - - - 575,441 2,905 10,922 0.01 0.01 0.06 Thatta Cement Limited 1,636,080 - - - - 242,500 1,393,580 24,953 34,226 0.05 0.05 1.40 Pakistan Stock Exchange Limited - 727,000 - - - 143,500 583,500 11,987 15,118 0.02 0.02 0.07 Zeal Pak Cement Factory Limited 486,248 - - - - - 486,248 - - - - 0.11 Prudential Investment Bank 326,292 - - - - - 326,292 - - - - 3.26 16,817,985 1,891,600 - 29,968 - 649,850 18,089,703 557,727 2,503,847 3.30 3.31 Security Investment Bank 2,262,698 - - - - 192,500 2,070,198 2,588 13,767 0.02 0.02 4.02 TOBACCO 25,132,643 727,000 - - (5,004,579) 465,500 20,389,564 31,260 70,096 0.09 0.09 Pakistan Tobacco Co. Limited 1,814,159 - - - - - 1,814,159 90,666 3,549,094 4.67 4.69 0.71 COMMERCIAL BANKS 1,814,159 - - - - - 1,814,159 90,666 3,549,094 4.67 4.69 Allied Bank Limited 1,433,604 - - - - - 1,433,604 90,895 141,167 0.19 0.19 0.13 REFINERYAskari Bank Limited 24,471,856 - - - - - 24,471,856 223,642 560,895 0.74 0.74 1.94 AttockBank Al Refinery - Falah Limited 648,557588,409 500,000 10,000 - - - 470,500 42,500 616,057617,909 58,76916,880 153,885 32,644 0.200.04 0.200.04 0.720.04 NationalBank Al -Refinery Habib Limited Limited 66,213,829 1,053,801 35,000 - - - - 4,142,500 21,500 62,071,329 1,067,301 161,292672,704 4,810,528 452,632 0.606.34 0.606.36 1.335.58 PakistanBankislami Refinery Pakistan Limited 6,435,544 247,816 - - - - 705,000127,500 5,730,544 120,316 87,196 744 218,735 1,393 0.290.00 0.290.00 1.820.01 Faysal Bank Limited 8,137,9021,046,588 45,000 - 145,738 - - - 769,000100,000 7,413,9021,092,326 307,257 4,679 825,251 28,816 1.090.04 1.090.04 0.09 Habib Bank Limited 1,137,433 310,000 - - - 260,000 1,187,433 202,742 251,914 0.33 0.33 0.08 POWERHabib Metropolitan GENERATION Bank & Limited DISTRIBUTION 46,190,107 - - - - 3,266,000 42,924,107 652,584 1,841,873 2.43 2.44 4.10 HubJS Bank Power Limited Company Limited 4,616,8978,558,161 - - - - 280,500 - 4,336,3978,558,161 64,85116,468 435,808 76,424 0.570.10 0.580.10 0.370.80 KotMCB Addu Bank Power Limited Co.Limited 852,832449,242 346,700 - - - 11,793 - 457,500 40,200 395,332767,535 163,491 12,477 168,957 25,491 0.030.22 0.030.22 0.040.07 KarachiNIB Bank Electric Limited Supply Co.Limited 4,673,775 1651532 - - - (1,651,532) - - 4,673,775 - 7,478 - 32,763 - 0.04 - 0.04 - 0.02 - KohinoorNational Bank Energy Of LimitedPakistan 410,390363,078 - - - - - 410,390363,078 10,795 6,472 16,10818,176 0.02 0.02 0.240.02 LalpirSamba Power Bank LimitedLimited 2,973,804 974,055 - - - - 582,000384,000 2,589,804 392,055 6,7246,660 21,133 8,327 0.010.03 0.010.03 0.100.26 NishatSilkbank Chunian Limited Power Limited 20,880,417 21,500 - - - - 21,500 - 20,880,417 - 29,441 - 29,441 - 0.04 - 0.04 - 0.27 - SitaraSummit Energy Bank Limited 506,978256,117 - - - - - 506,978256,117 4,2261,060 6,6971,303 0.010.00 0.010.00 1.340.02 Soneri Bank Limited 107,774,049 11,805,566 - - - - 1,341,5002,613,500 105,160,549 10,464,066 102,227335,901 1,303,991 525,195 0.691.72 0.691.72 9.54 United Bank Limited 966,099 345,000 - - - 35,000 1,276,099 230,615 266,564 0.35 0.35 0.10 OIL & GAS MARKETING COMPANIES 285,453,002 1,501,700 145,738 - (1,639,739) 11,439,200 274,021,501 2,659,300 9,555,220 12.58 12.64 Attock Petroleum Limited 50,229 - - - - - 50,229 13,569 28,859 0.04 0.04 0.06 BurshaneINSURANCE LPG Pak Limited 1,336,033 - - - - - 1,336,033 31,379 75,526 0.10 0.10 5.90 PakistanIGI Insurance State Limied Oil Co. Limited 20,215,015 - - 4,040,403 - - 54,397 - 13,000 - 24,242,418 54,397 1,370,418 4,504 7,793,695 15,882 10.26 - 10.31 0.02 7.44 - Shell Pakistan Limited - 25 - - - 54,397 - - 54,397 25 0.0014,504 15,882 9 0.00 - 20,386.41 0.00 0.00 Sui Northern Gas Pipelines Limited 19,513,012 602,500 - - - 100,000 20,015,512 173,529 2,255,948 2.97 2.98 3.16 SuiTEXTILE Southern SPINING Gas Company Limited 6,541,823 855,500 - - - 35,000 7,362,323 80,369 268,430 0.35 0.35 0.84 Adil Textile Mills Limited 47,656,137 93,592 1,458,000 - 4,040,403 - - - 148,000 - 53,006,540 93,592 1,669,264 - 10,422,468 - 13.73 - 13.78 - 1.21 Amtex Limited 363,523 - - - - - 363,523 436 563 0.00 0.00 0.14 OILAl - Qaim& GAS Textile EXPLORATION Mills Limited COMPANIES 358,753 - - - - - 358,753 - - - - 4.81 MariAsim Peroleum Textile Mills Company Limited Limited 2,581,5241,041,800 - - - - 72,22050,000 2,509,304 991,800 94,692 - 3,715,175 8,877 4.890.01 4.910.01 2.286.53 OilBabri & GasCotton Development Mills Limited Co. 1,227,443 80,578 393,500 - - - - 234,500 - 1,386,443 80,578 198,244 392 241,352 4,029 0.320.01 0.320.01 0.032.21 PakistanBrothers TextileOilfields Mills Limited Limited 634,322579,461 166,450 - - - - 119,000 - 681,772579,461 208,926 - 443,534 - 0.58 - 0.59 - 0.295.91 PakistanCrescent PetroleumCotton Mills Limited Limited 1,389,3741,048,579 386,800 - 62,914 - - - 230,000 - 1,546,174 1,111,493 214,147 5,637 329,088 42,014 0.430.06 0.440.06 0.085.20 Crescent Fibres Limited 5,832,663 852,681 946,750 - - - - 655,720 - 6,123,693 852,681 716,009 - 4,729,148 21,863 6.230.03 6.250.03 6.87 Colony Textile Mills Limited 1,069,498 - - - - - 1,069,498 1,351 4,492 0.01 0.01 0.21 ENGINEERINGChakwal Spinning Mills Limited 742,008 - - - - - 742,008 - 3,183 0.00 0.00 1.86 AishaData Textile Steel MillsLimited Limited 172,388618,595 - - - - - 172,388618,595 1,219 - 3,499 - 0.00 - 0.00 - 0.066.24 AmreliDin Textile Steel Mills Limited Limited 340,301 50,500 - - - - - 340,301 50,500 2,5763,847 33,945 4,648 0.010.04 0.010.04 0.021.52 AishaDewan Steel Khalid Mills Textile Limited-Preference Mills Limited 121,208224,486 - - - - - 121,208224,486 224 - 2,436 662 0.00 0.00 0.273.40 BolanDewan Castings Mushtaq Limited Textile Mills Limited 488,276192,424 - - - - - 488,276192,424 4,830 385 68,232 779 0.090.00 0.090.00 4.262.93 CrescentD. M. Textile Steel Mills And Limited Allied Proudcts Ltd 1,977,236 304,614 10,000 - - - - 75,00025,000 1,912,236 279,614 51,282 503 241,917 11,630 0.320.02 0.320.02 2.469.16 HuffazD.S.Industries Seamless Limited Pipe Industries Ltd 1,326,896 44,780 - - - - 15,000 - 1,311,896 44,780 6,507 34 36,746 135 0.050.00 0.050.00 2.360.07 InternationalDar-Es-Salaam Industries Textile MillsLimited Limited 7,278,133 259,287 - - - - 339,600 - 6,938,533 259,287 198,804 570 1,973,319 1,530 2.600.00 2.610.00 5.793.24 InternationalEllcot Spinning Steels Mills Limited Limited 1,380,500 704,380 272,500 - - - - - 1,653,000 704,380 59,698 7,482 191,599 45,785 0.250.06 0.250.06 0.386.43 20 K.S.B.Fatima PumpsEnterprises Co. Limited Limited 1,165,459 628,671 - - - - 29,200 - 1,136,259 628,671 24,018 - 414,871 - 0.55 - 0.55 - 8.614.42 QualityFazal Cloth Steel Mills Works Limited Limited . 1,768,488 2,922 - - - - - 1,768,488 2,922 13,415 - 258,199 - 0.34 - 0.34 - 0.165.89 Gadoon Textile Mills 13,963,736 132,499 282,500 - - - - 458,800 - 13,787,218 132,499 348,934 1,231 2,937,267 31,505 3.870.04 3.880.04 0.47 Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 AUTOMOBILEGulshan Spinning ASSEMBLER Mills Limited 1,137,974 - - - - - 1,137,974 - - - - 5.12 AtlasGulistan Honda Textile Limited Mills Limited 267,566734,617 - - - - - 267,566734,617 621 - 140,472 - 0.18 - 0.19 - 0.263.87 GhandharaHajra Textile Industries Mills Limited Limited 123,077518,063 - - - - 5,800 - 518,063117,277 762 - 97,888 - 0.13 - 0.13 - 0.553.77 GhandaraIdeal Spinning Nissan Mills Limited Limited. 1,205,211 658,396 - - - - 20,000 - 1,205,211 638,396 2,917 894 312,041 5,426 0.410.01 0.410.01 2.686.44 HondaIndus Dyeing Atlas Cars Manufacturing Limited Co. Ltd 2,169,239 525,295 - - - - 9,450 - 2,159,789 525,295 23,842 5,509 1,030,910 245,444 1.360.32 1.360.32 1.512.91 HinopakJ. A. Textile Motors Mills Limited Limited 436,242127,361 - - - - - 436,242127,361 30,559 - 506,176 618 0.670.00 0.670.00 3.521.01 IndusKarim MotorCotton Company Mills Limited Limited 451,646 110,562 - - - - 36,960 - 414,686 110,562 60,805 - 722,487 - 0.95 - 0.96 - 0.539.34 MillatKohinoor Tractors Spinning Limited Mills Limited 497,929535,827 4,200 - - - - 13,60035,000 488,529500,827 87,633 - 626,470 1,838 0.830.00 0.830.00 1.100.39 PakKhalid Suzuki Siraj MotorTextile Co. Mills Limited Limited 1,127,140 682,998 - - - - 5,000 - 1,122,140 682,998 72,415 - 536,024 1,373 0.710.00 0.710.00 1.366.38 Land Mark Spinning Industries Ltd. 6,278,050 355,437 4,200 - - - - 100,000 70,810 6,211,440 255,437 279,555 - 3,972,468 1,533 5.230.00 5.250.00 2.11 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 47,109 0.06 0.06 8.45 Premium Textile Mills Limited 726,823 - - - - 111,200 615,623 6,713 109,581 0.14 0.14 9.99 TOBACCO Pakistan Tobacco Co. Limited 1,814,159 - - - - - 1,814,159 90,666 3,549,094 4.67 4.69 0.71 1,814,159 - - - - - 1,814,159 90,666 3,549,094 4.67 4.69
REFINERY Attock Refinery Limited 648,557 10,000 - - - 42,500 616,057 58,769 153,885 0.20 0.20 0.72 National Refinery Limited 1,053,801 35,000 - - - 21,500 1,067,301 161,292 452,632 0.60 0.60 1.33 Pakistan Refinery Limited 6,435,544 - - - - 705,000 5,730,544 87,196 218,735 0.29 0.29 1.82 8,137,902 45,000 - - - 769,000 7,413,902 307,257 825,251 1.09 1.09
POWER GENERATION & DISTRIBUTION Hub Power Company Limited 4,616,897 - - - - 280,500 4,336,397 64,851 435,808 0.57 0.58 0.37 Kot Addu Power Co.Limited 852,832 - - - - 457,500 395,332 12,477 25,491 0.03 0.03 0.04 Karachi Electric Supply Co.Limited 4,673,775 - - - - - 4,673,775 7,478 32,763 0.04 0.04 0.02 Kohinoor Energy Limited 410,390 - - - - - 410,390 6,472 16,108 0.02 0.02 0.24 Lalpir Power Limited 974,055 - - - - 582,000 392,055 6,724 8,327 0.01 0.01 0.10 Nishat Chunian Power Limited 21,500 - - - - 21,500 ------Sitara Energy Limited 256,117 - - - - - 256,117 4,226 6,697 0.01 0.01 1.34 NATIONAL INVESTMENT 11,805,566 (UNIT) - TRUST - - - 1,341,500 10,464,066 102,227 525,195 0.69 0.69 OIL & GAS MARKETING COMPANIES Attock Petroleum Limited 50,229 - - - - - 50,229 13,569 28,859 0.04 0.04 0.06 NOTESBurshane TO LPG Pak AND Limited FORMING 1,336,033 PART - OF -THE CONDENSED - - - 1,336,033 INTERIM 31,379 FINANCIAL 75,526 0.10 0.10 5.90 Pakistan State Oil Co. Limited 20,215,015 - 4,040,403 - - 13,000 24,242,418 1,370,418 7,793,695 10.26 10.31 7.44 Shell Pakistan Limited 25 - - - - - 25 0.001 9 0.00 0.00 0.00 INFORMATIONSui Northern Gas Pipelines Limited(UNAUDITED) 19,513,012 602,500 - - - 100,000 20,015,512 173,529 2,255,948 2.97 2.98 3.16 Sui Southern Gas Company Limited 6,541,823 855,500 - - - 35,000 7,362,323 80,369 268,430 0.35 0.35 0.84 FOR THE NINE MONTHS AND 47,656,137 THREE 1,458,000 4,040,403 MONTHS - PERIOD - 148,000ENDED 53,006,540 MARCH 1,669,264 10,422,46831, 2018 13.73 13.78
6.2 AvailableOIL & GAS EXPLORATION for sale COMPANIES Mari Peroleum Company Limited 2,581,524 - - - - 72,220 2,509,304 94,692 3,715,175 4.89 4.91 2.28 Oil & Gas Development Co. 1,227,443 393,500 - - - 234,500 1,386,443 198,244 241,352 0.32 0.32 0.03 Right Percentage Pakistan Oilfields Limited 634,322 166,450 Bonus - - - 119,000 681,772 Cost/208,926 443,534 0.58 0.59 0.29 shares Merger/ Market Market Value of paid-up Pakistan Petroleum Limited 1,389,374 Purchases 386,800 shares - - - 230,000Sale 1,546,174 Carrying 214,147 329,088 0.43 0.44 0.08 As at July purchased/ Demerger As at March Value as at Net as a capital of the Name of Investee Companies 5,832,663 during 946,750 the received - - - during 655,720 the 6,123,693 value 716,009 ast at 4,729,148 6.23 6.25 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, during the Effects 2018 of investment company period 2018 ENGINEERING period held Aisha Steel Mills Limited 172,388 - - - - - 172,388 1,219 3,499 0.00 0.00 0.06 Amreli Steel Limited 50,500 - - - - - 50,500 ------Rupees 2,576 in '000------4,648 ------%------0.01 0.01 0.02 CLOSEAisha Steel - END Mills MUTUAL Limited-Preference FUND 121,208 - - - - - 121,208 - 2,436 0.00 0.00 0.27 157,629 - - - - - 157,629 - - - - 3.15 DominionBolan Castings Stock LimitedFund 488,276 - - - - - 488,276 4,830 68,232 0.09 0.09 4.26 172,406 - - - - - 172,406 - - - - 1.72 InvestecCrescent Mutual Steel And Fund Allied Proudcts Ltd 1,977,236 10,000 - - - 75,000 1,912,236 51,282 241,917 0.32 0.32 2.46 6,429,358 - - - - - 6,429,358 35,940 192,688 0.25 0.25 2.27 PICICHuffaz Growth Seamless Fund Pipe Industries Ltd 1,326,896 - - - - 15,000 1,311,896 6,507 36,746 0.05 0.05 2.36 10,108,128 - - - - - 10,108,128 20,519 134,438 0.18 0.18 3.56 PICICInternational Investment Industries Fund Limited 7,278,133 - - - - 339,600 6,938,533 198,804 1,973,319 2.60 2.61 5.79 - International Steels Limited 16,867,521 1,380,500 272,500 ------16,867,521 1,653,000 56,460 59,698 327,126 191,599 0.430.25 0.43 0.25 0.38 K.S.B. Pumps Co. Limited 1,165,459 - - - - 29,200 1,136,259 24,018 414,871 0.55 0.55 8.61 MODARABASQuality Steel Works Limited 2,922 - - - - - 2,922 - - - - 0.16 1,858,077 - - - - - 1,858,077 2,397 14,865 0.02 0.02 2.38 B.R.R. Guardian Modarba 13,963,736 282,500 - - - 458,800 13,787,218 348,934 2,937,267 3.87 3.88 Habib Modarba First 1,584,070 - - - - 314,500 1,269,570 7,198 13,965 0.02 0.02 0.63 Orix Modaraba 1,948,462 - - - - - 1,948,462 13,269 37,820 0.05 0.05 4.29 AUTOMOBILE ASSEMBLER - Atlas Honda Limited 5,390,609 267,566 ------314,500 - 5,076,109 267,566 22,864 621 140,472 66,650 0.090.18 0.09 0.19 0.26 Ghandhara Industries Limited 123,077 - - - - 5,800 117,277 762 97,888 0.13 0.13 0.55 LEASING COMPANIES Ghandara Nissan Limited 1,205,211 - - Right - - - 1,205,211 2,917 312,041 0.41 0.41 Percentage 2.68 Orix Leasing Pakistan 360,080 - Bonus - 302,815 - 428,500 234,395 Cost/ 4,538 9,845 0.01 0.01 0.29 Honda Atlas Cars Limited 2,169,239 - - shares - Merger/ - 9,450 2,159,789 23,842 1,030,910 Market 1.36 Market Value 1.36 of paid-up 1.51 302,815 Purchases - shares - (302,815) - Sale - - Carrying - 0 - 0.00 0.00 OrixHinopak Leasing Motors Pakistan Limited Right As at436,242 July - - purchased/ - Demerger - - As at 436,242 March 30,559 Value 506,176 as at Net 0.67 as a 0.67 capital of 3.52 the 1.00 Name of Investee Companies during the received during the value ast at Security Leasing Corporation 01, 291,526 451,646 2017 - - - - subscribed - - Adjust. - - 134,500 36,960 31, 157,026 414,686 2018 60,805 251 March 722,487 1,314 31, Assets 0.000.95 percentage 0.00 0.96 investee 0.43 0.53 Indus Motor Company Limited period during the period March 31, Saudi Pak Leasing 347,752 - - during the - Effects - - 347,752 167 2018 313 0.00 of investment 0.00 company 0.77 Millat Tractors Limited 497,929 4,200 period - - - 13,600 488,529 2018 87,633 626,470 0.83 0.83 1.10 period - held Pak Suzuki Motor Co. Limited 1,302,173 1,127,140 ------563,000 5,000 1,122,140 739,173 72,415 4,957 536,024 11,472 0.020.71 0.02 0.71 1.36 6,278,050 4,200 - - - 70,810 6,211,440 ------Rupees 279,555 in '000------3,972,468 ------%------5.23 5.25 INV. BANKS / INV. COS. / SECURITIES COS AUTOMOBILE786 Investment PARTSLimited & ACCESSORIES 663,832 - - - - - 663,832 - - - - 4.43 AgriautoNext Capital Industries Limited Limited. 1,096,020 699,500 - - - - 104,500 2,000 1,094,020 595,000 14,707 3,959 344,616 5,813 0.010.45 0.010.46 1.323.80 BaluchistanFirst Capital WheelsSecurities Limited Corp. 1,333,3603,869,059 - - - - 25,000 5,000 1,328,3603,844,059 34,697 6,963 159,788 8,380 0.210.01 0.210.01 9.961.21 ThalFirst DawoodLimited Inv. Bank 2,402,4081,585,564 - - - - 3,500 - 2,398,9081,585,564 102,325 1,205 1,236,997 2,695 1.630.00 1.640.00 2.961.07 ExideInvest PakistanCapital Investment Limited Bank Ltd. 8,271,554 510,724 - - - - - 8,271,554 510,724 32,714 1,654 201,736 13,400 0.270.02 0.270.02 6.572.90 GeneralIGI Investment Tyre And Bank Rubber Co. Of Pak.Ltd. 2,776,2765,004,579 63,300 - - - (5,004,579) - - 2,839,576 - 48,693 - 544,262 - 0.72 - 0.72 - 4.752.36 Investec Securities Limited 8,118,788 98,518 63,300 - - - - 10,500 - 8,171,588 98,518 233,136 - 2,487,399 - 3.28 - 3.29 - 0.60 J.O.V.& Co. 1,775,606 - - - - - 1,775,606 - - - - 3.49 CABLEJahangir & Siddiqui ELECTRIC & Co. GOODS 575,441 - - - - - 575,441 2,905 10,922 0.01 0.01 0.06 JohnsonPakistan AndStock Phillips Exchange (Pakistan) Limited Ltd. 493,824 - 727,000 - - - - 143,500 - 493,824583,500 11,987 - 15,46715,118 0.02 0.02 9.060.07 PakPrudential Elektron Investment Limited Bank 1,383,552 326,292 1,268,500 - - - - 390,000 - 2,262,052 326,292 90,142 - 102,267 - 0.13 - 0.14 - 0.453.26 PakistanSecurity InvestmentCables Limited Bank 1,717,3272,262,698 - - - - 192,500 10,500 2,070,1981,706,827 14,437 2,588 479,618 13,767 0.630.02 0.630.02 6.004.02 Siemens Pakistan Engineering Co.Ltd. 25,132,643 983,658 727,000 - - - (5,004,579) - 465,500 - 20,389,564 983,658 598,221 31,260 924,648 70,096 1.220.09 1.220.09 11.93 Singer Pakistan Limited 8 - - - - - 8 - 0 0.00 0.00 - COMMERCIAL BANKS 4,578,369 1,268,500 - - - 400,500 5,446,369 702,801 1,522,001 2.00 2.01 Allied Bank Limited 1,433,604 - - - - - 1,433,604 90,895 141,167 0.19 0.19 0.13 TRANSPORTAskari Bank Limited 24,471,856 - - - - - 24,471,856 223,642 560,895 0.74 0.74 1.94 PakistanBank Al - NationalFalah Limited Shipping Corp. 432,564588,409 500,000 - - - - 470,500 - 617,909432,564 16,880 4,442 45,00032,644 0.060.04 0.060.04 0.330.04 Bank Al - Habib Limited 66,213,829 432,564 - - - - 4,142,500 - 62,071,329 432,564 672,704 4,442 4,810,528 45,000 0.066.34 0.066.36 5.58 Bankislami Pakistan 247,816 - - - - 127,500 120,316 744 1,393 0.00 0.00 0.01 TECHNOLOGYFaysal Bank Limited & COMMUNICATION 1,046,588 - 145,738 - - 100,000 1,092,326 4,679 28,816 0.04 0.04 0.09 PakHabib Datacom Bank Limited Limited 1,137,433 178,898 310,000 - - - - 260,000 - 1,187,433 178,898 202,742 2,538 251,914 10,895 0.010.33 0.010.33 1.830.08 PakistanHabib Metropolitan Telecommunication Bank Limited Company 46,190,107 2,585,884 - - - - 3,266,000 146,000 42,924,107 2,439,884 652,584 26,587 1,841,873 30,133 2.430.04 2.440.04 0.064.10 JS Bank Limited 2,764,7828,558,161 - - - - 146,000 - 2,618,7828,558,161 29,12516,468 41,02776,424 0.050.10 0.050.10 0.80 MCB Bank Limited 449,242 346,700 - - 11,793 40,200 767,535 163,491 168,957 0.22 0.22 0.07 NIBFERTILIZER Bank Limited 1651532 (1,651,532) ------NationalDawood BankHercules Of Pakistan Corporation Limited 363,078952,940 - - - - - 363,078952,940 10,79529,032 124,778 18,176 0.160.02 0.170.02 0.200.02 EngroSamba Fertilizer Bank Limited Limited 1,488,8272,973,804 135,000 - - - - 410,000384,000 1,213,8272,589,804 68,718 6,660 83,86321,133 0.030.11 0.030.11 0.090.26 EngroSilkbank Corporation Limited Limited 20,880,417 209,678 312,500 - - - - 155,000 - 20,880,417 367,178 77,03829,441 113,697 29,441 0.150.04 0.150.04 0.070.27 FatimaSummit Fertilizer Bank Limited Company 1,770,062 506,978 - - - - 694,000 - 1,076,062 506,978 10,913 1,060 35,338 1,303 0.000.05 0.000.05 0.050.02 FaujiSoneri Fertilizer Bank Limited Bin Qasim Limited 107,774,049 500,435 - - - - 2,613,500 - 105,160,549 500,435 335,901 15,672 1,303,991 20,938 0.031.72 0.031.72 0.059.54 FaujiUnited Fertilizer Bank Limited Company Limited. 25,892,055 966,099 345,000405,000 - - - 196,000 35,000 26,101,055 1,276,099 230,615641,633 2,454,804 266,564 0.353.23 0.353.25 0.102.05 285,453,002 30,813,997 1,501,700 852,500 145,738 - - (1,639,739) - 11,439,200 1,455,000 274,021,501 30,211,497 2,659,300 843,006 9,555,2202,833,418 12.58 3.73 12.64 3.75
INSURANCEPHARMACEUTICALS AbbotIGI Insurance Laboatories Limied (Pakistan) Limited 2,594,429 - - - - 54,397 - - 2,594,429 54,397 208,996 4,504 1,870,350 15,882 2.46 - 0.022.47 2.65 - AGP Limited - 330,000 - - - 54,397 - 200,000 - 130,000 54,397 10,400 4,504 15,88211,790 0.02 - 20,386.41 0.02 0.05 Ferozsons Laboratories Limited 1,643,375 79,000 - - - - 1,722,375 44,142 450,108 0.59 0.60 5.71 GlaxosmithklineTEXTILE SPINING (Pak) Limited 8,934,054 - - - - 299,400 8,634,654 447,484 1,637,217 2.16 2.17 2.71 Adil Textile Mills Limited 93,592 - - - - - 93,592 - - - - 1.21 Glaxosmithkline Consumer Health Pak Limited Amtex Limited 2,844,107 363,523 - - - - 207,000 - 2,637,107 363,523 436 - 1,337,804 563 1.760.00 1.770.00 2.760.14 HighnoonAl - Qaim TextileLaboratories Mills Limited Limited 476,361358,753 - - - - - 476,361358,753 6,576 - 222,723 - 0.29 - 0.29 - 2.094.81 Sanofi-AventisAsim Textile Mills Limited Limited 1,041,800 228,461 - - - - 50,000 - 228,461991,800 20,965 - 300,426 8,877 0.010.40 0.010.40 2.376.53 SearleBabri Cotton Pakistan Mills Limited Limited 3,549,126 80,578 50,000 - 709,825 - - - 15,000 - 4,293,951 80,578 126,059 392 1,509,796 4,029 1.990.01 2.000.01 2.322.21 WyethBrothers Pakistan Textile MillsLimited Limited 579,461 111,574 - - - - - 579,461 111,574 43,913 - 193,135 - 0.25 - 0.26 - 7.855.91 Crescent Cotton Mills Limited 20,381,487 1,048,579 459,000 - 709,825 62,914 - - 721,400 - 20,828,912 1,111,493 908,535 5,637 7,533,349 42,014 0.069.92 0.069.96 5.20 Crescent Fibres Limited 852,681 - - - - - 852,681 - 21,863 0.03 0.03 6.87 ColonyCHEMICAL Textile Mills Limited 1,069,498 - - - - - 1,069,498 1,351 4,492 0.01 0.01 0.21 AgritechChakwal LimitedSpinning Mills Limited 2,661,167 742,008 - - - - 150,000 - 2,511,167 742,008 12,229 - 17,628 3,183 0.000.02 0.000.02 0.641.86 ArifData Habib Textile Corporation Limited 724,292618,595 - - - - - 724,292618,595 14,899 - 25,546 - 0.03 - 0.03 - 0.166.24 AkzoDin Textile Nobel Mills Pakistan Limited Limited 281,182340,301 - - - - 7,500 - 273,682340,301 16,456 3,847 59,93133,945 0.080.04 0.080.04 0.591.52 ArchromaDewan Khalid Pakistan Textile Mills Limited 1,694,096 224,486 2,500 - - - - 1,150 - 1,695,446 224,486 23,729 224 934,191 662 0.001.23 0.001.24 4.973.40 BergerDewan PaintsMushtaq Pakistan Textile LimitedMills Limited 323,426192,424 - - - - - 323,426192,424 3,881 385 48,889 779 0.000.06 0.000.06 1.782.93 BuxlyD. M. TextilePaints MillsLimited Limited 304,614 93,218 - - - - 25,000 - 279,614 93,218 503523 11,630 9,322 0.020.01 0.020.01 9.166.47 NimirD.S.Industries Resins Limited Limited 468,895 44,780 - 10,315 - - - 478,694 - 44,780 516 34 0 135 7 0.00 0.00 0.000.07 DyneaDar-Es-Salaam Pakistan TextileLimited Mills Limited 1,750,110 259,287 - - - - 84,800 - 1,665,310 259,287 16,416 570 310,031 1,530 0.000.41 0.000.41 8.823.24 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 45,785 0.06 0.06 6.43 Pakistan Oxygen Limited 900,681 - - - - 704,523 196,158 15,314 45,583 0.06 0.06 0.78 21 LOTTEFatima EnterprisesChemical Pakistan Limited 858,572628,671 - - - - 150,000 - 708,572628,671 3,918 - 7,447 - 0.01 - 0.01 - 0.054.42 PakistanFazal Cloth Gum Mills & ChemiclasLimited . Limited 1,768,488 97,057 - - - - - 1,768,488 97,057 13,415 1,449 258,199 15,044 0.340.02 0.340.02 5.892.28 SardarGadoon Chemical Textile Mills Industries Limited 142,800132,499 - - - - - 142,800132,499 1,231 - 31,505 1,385 0.000.04 0.000.04 2.380.47 SitaraGlobe ChemicalTextile Mills Industries Limited Limited 634,416 2,472 - - - - - 634,416 2,472 45,805 - 215,701 - 0.28 - 0.29 - 2.960.02 Wah-NobleGulshan Spinning Chemicals Mills Limited.Limited 1,137,974 601,124 - - - - - 1,137,974 601,124 9,591 - 144,294 - 0.19 - 0.19 - 6.685.12 Gulistan Textile Mills Limited 11,231,036 734,617 2,500 - 10,315 - - - 1,576,667 - 9,667,184 734,617 164,211 - 1,834,998 - 2.42 - 2.43 - 3.87 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 IdealPAPER Spinning & BOARD Mills Limited. 658,396 - - - - 20,000 638,396 894 5,426 0.01 0.01 6.44 BalochistanIndus Dyeing Particle Manufacturing Board Limited Co. Ltd 498,630525,295 - - - - 13,000 - 485,630525,295 5,509 - 245,444 2,525 0.000.32 0.000.32 8.092.91 CenturyJ. A. Textile Paper Mills & LimitedBoard Mills Limited 5,345,731 127,361 - - - - 295,300 - 5,050,431 127,361 55,627 - 357,874 618 0.000.47 0.000.47 3.441.01 DadabhoyKarim Cotton Sack Mills Limited Limited 110,562 49,259 - - - - - 110,562 49,259 - - - - 1.239.34 MeritKohinoor Packaging Spinning Limited Mills Limited 3,288,732 535,827 - - 3,106,232 - - 1,023,500 35,000 5,371,464 500,827 52,018 - 125,048 1,838 0.160.00 0.170.00 6.660.39 MeritKhalid Packaging Siraj Textile Limited Mills Limited- Right 682,998 ------682,998 - - 1,373 - 0.00 - 0.00 - 6.38 - PackagesLand Mark Limited Spinning Industries Ltd. 3,978,028 355,437 26,600 - - - - 100,000 - 4,004,628 255,437 354,016 - 2,357,204 1,533 3.100.00 3.120.00 4.482.11 PakistanMehr Dastgir Paper Textile Products Mills Limited 464,326 259 - - - - - 464,326 259 568 - 47,361 - 0.06 - 0.06 - 7.740.00 SecurityMaqbool PapersTextile MillsLimited Limited. 2,587,4281,420,216 - - - - - 2,587,4281,420,216 61,81111,362 316,701 47,109 0.420.06 0.420.06 4.378.45 Premium Textile Mills Limited 16,212,134 726,823 26,600 - - 3,106,232 - - 1,331,800 111,200 18,013,166 615,623 524,040 6,713 3,206,713 109,581 0.144.22 0.144.24 9.99
VANASPATI & ALLIED INDUSTRIES Morafco Industries Limited 57,409 - - - - - 57,409 - - - - 10.10 Punjab Oil Mills Limited 517,651 - - - - - 517,651 6,461 129,418 0.17 0.17 9.60 Suraj Ghee Industries Limited 54,324 - - - - - 54,324 - - - - 5.67 629,384 - - - - - 629,384 6,461 129,418 0.17 0.17
LEATHER & TANNERIES Bata Pakistan Limited 1,090,234 - - - - - 1,090,234 58,347 3,104,441 4.09 4.11 14.42 Fateh Industries Limited. 23,118 - - - - - 23,118 - - - - 1.16 1,113,352 - - - - - 1,113,352 58,347 3,104,441 4.09 4.11
FOODS & PERSONAL CARE PRODUCTS Mitchells Fruit Farms Limited 767,666 - - - - - 767,666 27,415 214,946 0.28 0.28 9.75 Nestle Pakistan Limited 98,000 - - - - - 98,000 107,014 1,239,700 1.63 1.64 0.22 MATCO Food Limited - 897,299 - - - 525,000 372,299 9,680 14,687 0.02 0.02 0.50 Engro Foods 59,400 - - - - 25,000 34,400 2,763 3,510 0.00 0.00 0.00 Shezan International Limited 1,495,255 - - - - - 1,495,255 75,726 819,400 1.08 1.08 18.72 Treet Corporation Limited 10,212,403 - 1,269,783 - - - 11,482,186 436,726 486,270 0.63 0.64 7.00 Treet Corporation Limited-PTC 3,550,640 - - - - - 3,550,640 30,358 58,941 0.08 0.08 3.39 ZIL Limited 356,987 - - - - - 356,987 4,431 41,857 0.06 0.06 5.83 16,540,351 897,299 1,269,783 - - 550,000 18,157,433 694,113 2,879,311 3.78 3.81 Right Percentage Bonus Cost/ shares Merger/ Market Market Value of paid-up Purchases shares Sale Carrying As at July purchased/ Demerger As at March Value as at Net as a capital of the 1.00 Name of Investee Companies during the received during the value ast at 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, during the Effects 2018 of investment company period 2018 period held ------Rupees in '000------%------
AUTOMOBILE PARTS & ACCESSORIES Agriauto Industries Limited. 1,096,020 - - - - 2,000 1,094,020 14,707 344,616 0.45 0.46 3.80 Baluchistan Wheels Limited 1,333,360 - - - - 5,000 1,328,360 34,697 159,788 0.21 0.21 9.96 Thal Limited 2,402,408 - - - - 3,500 2,398,908 102,325 1,236,997 1.63 1.64 2.96 Exide Pakistan Limited 510,724 - - - - - 510,724 32,714 201,736 0.27 0.27 6.57 General Tyre And Rubber Co. Of Pak.Ltd. 2,776,276 63,300 - - - - 2,839,576 48,693 544,262 0.72 0.72 4.75 8,118,788 63,300 - - - 10,500 8,171,588 233,136 2,487,399 3.28 3.29
CABLE & ELECTRIC GOODS Johnson And Phillips (Pakistan) Ltd. 493,824 - - - - - 493,824 - 15,467 0.02 0.02 9.06 Pak Elektron Limited 1,383,552 1,268,500 - - - 390,000 2,262,052 90,142 102,267 0.13 0.14 0.45 Pakistan Cables Limited 1,717,327 - - - - 10,500 1,706,827 14,437 479,618 0.63 0.63 6.00 Siemens Pakistan Engineering Co.Ltd. 983,658 - - - - - 983,658 598,221 924,648 1.22 1.22 11.93 Singer Pakistan Limited 8 - - - - - 8 - 0 0.00 0.00 - 4,578,369 1,268,500 - - - 400,500 5,446,369 702,801 1,522,001 2.00 2.01
TRANSPORT Pakistan National Shipping Corp. 432,564 - - - - - 432,564 4,442 45,000 0.06 0.06 0.33 432,564 - - - - - 432,564 4,442 45,000 0.06 0.06
TECHNOLOGY & COMMUNICATION Pak Datacom Limited 178,898 - - - - - 178,898 2,538 10,895 0.01 0.01 1.83 Pakistan Telecommunication Company 2,585,884 - - - - 146,000 2,439,884 26,587 30,133 0.04 0.04 0.06 2,764,782 - - - - 146,000 2,618,782 29,125 41,027 0.05 0.05
FERTILIZER Dawood Hercules Corporation Limited 952,940 - - - - - 952,940 29,032 124,778 0.16 0.17 0.20 Engro Fertilizer Limited 1,488,827 135,000 - - - 410,000 1,213,827 68,718 83,863 0.11 0.11 0.09 Engro Corporation Limited 209,678 312,500 - - - 155,000 367,178 77,038 113,697 0.15 0.15 0.07 Fatima Fertilizer Company 1,770,062 - - - - 694,000 1,076,062 10,913 35,338 0.05 0.05 0.05 Fauji Fertilizer Bin Qasim Limited 500,435 - - - - - 500,435 15,672 20,938 0.03 0.03 0.05 NATIONALFauji Fertilizer Company INVESTMENT Limited. 25,892,055 (UNIT) 405,000 TRUST - - - 196,000 26,101,055 641,633 2,454,804 3.23 3.25 2.05 30,813,997 852,500 - - - 1,455,000 30,211,497 843,006 2,833,418 3.73 3.75
NOTESPHARMACEUTICALS TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL Abbot Laboatories (Pakistan) Limited 2,594,429 - - - - - 2,594,429 208,996 1,870,350 2.46 2.47 2.65 INFORMATIONAGP Limited (UNAUDITED) - 330,000 - - - 200,000 130,000 10,400 11,790 0.02 0.02 0.05 Ferozsons Laboratories Limited 1,643,375 79,000 - - - - 1,722,375 44,142 450,108 0.59 0.60 5.71 FOR THEGlaxosmithkline NINE (Pak) LimitedMONTHS AND 8,934,054 THREE - MONTHS - - PERIOD - 299,400ENDED 8,634,654 MARCH 447,484 1,637,21731, 2018 2.16 2.17 2.71 Glaxosmithkline Consumer Health Pak Limited 2,844,107 - - - - 207,000 2,637,107 - 1,337,804 1.76 1.77 2.76 6.2 AvailableHighnoon Laboratories for Limitedsale 476,361 - - - - - 476,361 6,576 222,723 0.29 0.29 2.09 Sanofi-Aventis Limited 228,461 - - - - - 228,461 20,965 300,426 0.40 0.40 2.37 Searle Pakistan Limited 3,549,126 50,000 709,825 - - 15,000 4,293,951 126,059 1,509,796 1.99 2.00 2.32 Right Percentage Wyeth Pakistan Limited 111,574 - Bonus - - - - 111,574 Cost/ 43,913 193,135 0.25 0.26 7.85 shares Merger/ Market Market Value of paid-up 20,381,487 Purchases 459,000 shares 709,825 - - 721,400Sale 20,828,912 Carrying 908,535 7,533,349 9.92 9.96 As at July purchased/ Demerger As at March Value as at Net as a capital of the Name of Investee Companies during the received during the value ast at 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, CHEMICAL during the Effects 2018 of investment company period 2018 Agritech Limited 2,661,167 - - period - - 150,000 2,511,167 12,229 17,628 0.02 0.02 held 0.64 Arif Habib Corporation 724,292 - - - - - 724,292 14,899 25,546 0.03 0.03 0.16 ------Rupees in '000------%------Akzo Nobel Pakistan Limited 281,182 - - - - 7,500 273,682 16,456 59,931 0.08 0.08 0.59 CLOSE - END MUTUAL FUND Archroma Pakistan 1,694,096 2,500 - - - 1,150 1,695,446 23,729 934,191 1.23 1.24 4.97 Dominion Stock Fund 157,629 - - - - - 157,629 - - - - 3.15 Berger Paints Pakistan Limited 323,426 - - - - - 323,426 3,881 48,889 0.06 0.06 1.78 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 Buxly Paints Limited 93,218 - - - - - 93,218 523 9,322 0.01 0.01 6.47 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 192,688 0.25 0.25 2.27 Nimir Resins Limited 468,895 - 10,315 - - 478,694 516 0 7 0.00 0.00 0.00 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 134,438 0.18 0.18 3.56 Dynea Pakistan Limited 1,750,110 - - - - 84,800 1,665,310 16,416 310,031 0.41 0.41 8.82 16,867,521 - - - - - 16,867,521 56,460 327,126 0.43 0.43 Pakistan Oxygen Limited 900,681 - - - - 704,523 196,158 15,314 45,583 0.06 0.06 0.78 LOTTE Chemical Pakistan 858,572 - - - - 150,000 708,572 3,918 7,447 0.01 0.01 0.05 MODARABAS Pakistan Gum & Chemiclas Limited 97,057 - - - - - 97,057 1,449 15,044 0.02 0.02 2.28 B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 14,865 0.02 0.02 2.38 Sardar Chemical Industries Limited 142,800 - - - - - 142,800 - 1,385 0.00 0.00 2.38 Habib Modarba First 1,584,070 - - - - 314,500 1,269,570 7,198 13,965 0.02 0.02 0.63 Sitara Chemical Industries Limited 634,416 - - - - - 634,416 45,805 215,701 0.28 0.29 2.96 Orix Modaraba 1,948,462 - - - - - 1,948,462 13,269 37,820 0.05 0.05 4.29 Wah-Noble Chemicals Limited. 601,124 - - - - - 601,124 9,591 144,294 0.19 0.19 6.68 5,390,609 - - - - 314,500 5,076,109 22,864 66,650 0.09 0.09 11,231,036 2,500 10,315 - - 1,576,667 9,667,184 164,211 1,834,998 2.42 2.43
LEASING COMPANIES PAPER & BOARD Orix Leasing Pakistan 360,080 - - 302,815 - 428,500 234,395 4,538 9,845 0.01 0.01 0.29 Balochistan Particle Board Limited 498,630 - - - - 13,000 485,630 - 2,525 0.00 0.00 8.09 Orix Leasing Pakistan Right 302,815 - - (302,815) - - - - 0 - 0.00 0.00 Century Paper & Board Mills Limited 5,345,731 - - - - 295,300 5,050,431 55,627 357,874 0.47 0.47 3.44 Security Leasing Corporation 291,526 - - - - 134,500 157,026 251 1,314 0.00 0.00 0.43 Dadabhoy Sack Limited 49,259 - - - - - 49,259 - - - - 1.23 Saudi Pak Leasing 347,752 - - - - - 347,752 167 313 0.00 0.00 0.77 Merit Packaging Limited 3,288,732 - - 3,106,232 - 1,023,500 5,371,464 52,018 125,048 0.16 0.17 6.66 1,302,173 - - - - 563,000 739,173 4,957 11,472 0.02 0.02 Merit Packaging Limited - Right ------Packages Limited 3,978,028 26,600 - - - - 4,004,628 354,016 2,357,204 3.10 3.12 4.48 INV. BANKS / INV. COS. / SECURITIES COS Pakistan Paper Products Limited 464,326 - - - - - 464,326 568 47,361 0.06 0.06 7.74 786 Investment Limited 663,832 - - - - - 663,832 - - - - 4.43 Security Papers Limited 2,587,428 - - - - - 2,587,428 61,811 316,701 0.42 0.42 4.37 Next Capital Limited 699,500 - - - - 104,500 595,000 3,959 5,813 0.01 0.01 1.32 16,212,134 26,600 - 3,106,232 - 1,331,800 18,013,166 524,040 3,206,713 4.22 4.24 First Capital Securities Corp. 3,869,059 - - - - 25,000 3,844,059 6,963 8,380 0.01 0.01 1.21 First Dawood Inv. Bank 1,585,564 - - - - - 1,585,564 1,205 2,695 0.00 0.00 1.07 VANASPATI & ALLIED INDUSTRIES Invest Capital Investment Bank Ltd. 8,271,554 - - - - - 8,271,554 1,654 13,400 0.02 0.02 2.90 Morafco Industries Limited 57,409 - - - - - 57,409 - - - - 10.10 IGI Investment Bank 5,004,579 - - - (5,004,579) ------2.36 Punjab Oil Mills Limited 517,651 - - - - - 517,651 6,461 129,418 0.17 0.17 9.60 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 Suraj Ghee Industries Limited 54,324 - - - - - 54,324 - - - - 5.67 J.O.V.& Co. 1,775,606 - - - - - 1,775,606 - - - - 3.49 629,384 - - - - - 629,384 6,461 129,418 0.17 0.17 Jahangir Siddiqui & Co. 575,441 - - - - - 575,441 2,905 10,922 0.01 0.01 0.06 Pakistan Stock Exchange Limited - 727,000 - - - 143,500 583,500 11,987 15,118 0.02 0.02 0.07 LEATHER & TANNERIES Prudential Investment Bank 326,292 - - - - - 326,292 - - - - 3.26 Bata Pakistan Limited 1,090,234 - - - - - 1,090,234 58,347 3,104,441 4.09 4.11 14.42 Security Investment Bank 2,262,698 - - - - 192,500 2,070,198 2,588 13,767 0.02 0.02 4.02 Fateh Industries Limited. 23,118 - - - - - 23,118 - - - - 1.16 25,132,643 727,000 - - (5,004,579) 465,500 20,389,564 31,260 70,096 0.09 0.09 1,113,352 - - - - - 1,113,352 58,347 3,104,441 4.09 4.11
COMMERCIAL BANKS FOODS & PERSONAL CARE PRODUCTS Allied Bank Limited 1,433,604 - - - - - 1,433,604 90,895 141,167 0.19 0.19 0.13 Mitchells Fruit Farms Limited 767,666 - - - - - 767,666 27,415 214,946 0.28 0.28 9.75 Askari Bank Limited 24,471,856 - - - - - 24,471,856 223,642 560,895 0.74 0.74 1.94 Nestle Pakistan Limited 98,000 - - - - - 98,000 107,014 1,239,700 1.63 1.64 0.22 Bank Al - Falah Limited 588,409 500,000 - - - 470,500 617,909 16,880 32,644 0.04 0.04 0.04 MATCO Food Limited - 897,299 - - - 525,000 372,299 9,680 14,687 0.02 0.02 0.50 Bank Al - Habib Limited 66,213,829 - - - - 4,142,500 62,071,329 672,704 4,810,528 6.34 6.36 5.58 Engro Foods 59,400 - - - - 25,000 34,400 2,763 3,510 0.00 0.00 0.00 Bankislami Pakistan 247,816 - - - - 127,500 120,316 744 1,393 0.00 0.00 0.01 Shezan International Limited 1,495,255 - - - - - 1,495,255 75,726 819,400 1.08 1.08 18.72 Faysal Bank Limited 1,046,588 - 145,738 - - 100,000 1,092,326 4,679 28,816 0.04 0.04 0.09 Treet Corporation Limited 10,212,403 - 1,269,783 - - - 11,482,186 436,726 486,270 0.63 0.64 7.00 Habib Bank Limited 1,137,433 310,000 - - - 260,000 1,187,433 202,742 251,914 0.33 0.33 0.08 Treet Corporation Limited-PTC 3,550,640 - - - - - 3,550,640 30,358 58,941 0.08 0.08 3.39 Habib Metropolitan Bank Limited 46,190,107 - - - - 3,266,000 42,924,107 652,584 1,841,873 2.43 2.44 4.10 ZIL Limited 356,987 - - - - - 356,987 4,431 41,857 0.06 0.06 5.83 JS Bank Limited 8,558,161 - - - - - 8,558,161 16,468 76,424 0.10 0.10 0.80 16,540,351 897,299 1,269,783 - - 550,000 18,157,433 694,113 2,879,311 3.78 3.81 MCB Bank Limited 449,242 346,700 - - 11,793 40,200 767,535 163,491 168,957 0.22 0.22 0.07 NIBGLASS Bank & Limited CERAMICS 1651532 (1,651,532) ------NationalGhani Glass Bank Mills Of Pakistan Limited 1,554,286 363,078 - - - - 1,398,857 - - - - - 2,953,143 363,078 10,795 53,145 195,055 18,176 0.02 0.26 0.02 0.26 0.02 - SambaGhani GlassBank LimitedMills Limited Right 2,973,804 1,398,857 - - - - (1,398,857) - - - 384,000 - 2,589,804 - 6,660 - 21,133 0 0.03 0.00 0.03 0.00 0.26 - SilkbankRegal Ceramics Limited Limited 20,880,417 89,947 ------20,880,417 89,947 29,441 - 29,441 - 0.04 - 0.04 - 0.27 1.23 SummitShabbir Bank Tiles Limited& Ceramics Limited 5,254,471 506,978 ------450,000 - 4,804,471 506,978 27,671 1,060 92,726 1,303 0.00 0.12 0.00 0.12 0.02 2.01 Soneri Bank Limited 107,774,049 8,297,561 ------2,613,500 450,000 105,160,549 7,847,561 335,901 80,816 1,303,991 287,781 1.72 0.38 1.72 0.38 9.54 United Bank Limited 966,099 345,000 - - - 35,000 1,276,099 230,615 266,564 0.35 0.35 0.10 MISCELLANEOUS 285,453,002 1,501,700 145,738 - (1,639,739) 11,439,200 274,021,501 2,659,300 9,555,220 12.58 12.64 Dadabhoy Construction Technology Ltd. 69,085 - - - - - 69,085 - - - - 2.97 INSURANCEGOC (Pak) Limited 315,909 - - - - - 315,909 4,072 19,024 0.03 0.03 4.30 IGIHashmi Insurance Can CompanyLimied Limited 160,986 ------54,397 - - - 160,986 54,397 4,504 - 15,882 - - - 0.02 - - - Pace ( Pakistan ) Limited 525,716 ------54,397 - 100,000 - 425,716 54,397 4,504 553 15,882 1,745 0.00 - 20,386.41 0.00 0.15 Pakistan Services Limited 893,795 - - - - - 893,795 101,044 884,857 1.17 1.17 2.75 TEXTILESynthetic SPINING Product Enterprise Limited 194,300 - - - - 5,000 189,300 5,222 10,412 0.01 0.01 0.24 AdilTri-Pack Textile Films Mills Limited Limited 528,125 93,592 ------528,125 93,592 57,891 - 90,922 - 0.12 - 0.12 - 1.21 1.36 AmtexUnited Limited Distributors Pakistan Limited. 1,183,643 363,523 - - 118,364 ------1,302,007 363,523 5,291 436 71,610 563 0.00 0.09 0.00 0.09 0.14 6.44 Al - Qaim Textile Mills Limited 3,871,559 358,753 - - 118,364 - - - - - 105,000 - 3,884,923 358,753 174,073 - 1,078,570 - 1.42 - 1.43 - 4.81 Asim Textile Mills Limited 1,041,800 - - - - 50,000 991,800 - 8,877 0.01 0.01 6.53 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 4,029 0.01 0.01 2.21 Brothers Textile Mills Limited 579,461 - - - - - 579,461 - - - - 5.91 Crescent Cotton Mills Limited 1,048,579 - 62,914 - - - 1,111,493 5,637 42,014 0.06 0.06 5.20 Crescent Fibres Limited 852,681 - - - - - 852,681 - 21,863 0.03 0.03 6.87 Colony Textile Mills Limited 1,069,498 - - - - - 1,069,498 1,351 4,492 0.01 0.01 0.21 Chakwal Spinning Mills Limited 742,008 - - - - - 742,008 - 3,183 0.00 0.00 1.86 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 33,945 0.04 0.04 1.52 Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 662 0.00 0.00 3.40 Dewan Mushtaq Textile Mills Limited 192,424 - - - - - 192,424 385 779 0.00 0.00 2.93 D. M. Textile Mills Limited 304,614 - - - - 25,000 279,614 503 11,630 0.02 0.02 9.16 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 0.00 0.00 0.07 Dar-Es-Salaam Textile Mills Limited 259,287 - - - - - 259,287 570 1,530 0.00 0.00 3.24 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 45,785 0.06 0.06 6.43 22 Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 258,199 0.34 0.34 5.89 Gadoon Textile Mills 132,499 - - - - - 132,499 1,231 31,505 0.04 0.04 0.47 Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 Gulshan Spinning Mills Limited 1,137,974 - - - - - 1,137,974 - - - - 5.12 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 - - - - 3.87 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 Ideal Spinning Mills Limited. 658,396 - - - - 20,000 638,396 894 5,426 0.01 0.01 6.44 Indus Dyeing Manufacturing Co. Ltd 525,295 - - - - - 525,295 5,509 245,444 0.32 0.32 2.91 J. A. Textile Mills Limited 127,361 - - - - - 127,361 - 618 0.00 0.00 1.01 Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 Kohinoor Spinning Mills Limited 535,827 - - - - 35,000 500,827 - 1,838 0.00 0.00 0.39 Khalid Siraj Textile Mills Limited 682,998 - - - - - 682,998 - 1,373 0.00 0.00 6.38 Land Mark Spinning Industries Ltd. 355,437 - - - - 100,000 255,437 - 1,533 0.00 0.00 2.11 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 47,109 0.06 0.06 8.45 Premium Textile Mills Limited 726,823 - - - - 111,200 615,623 6,713 109,581 0.14 0.14 9.99 NATIONAL INVESTMENT (UNIT) TRUST NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018
Right Percentage Bonus Cost/ shares Merger/ Market Market Value of paid-up Purchases shares Sale Carrying As at July purchased/ Demerger As at March Value as at Net as a capital of the 1.00 Name of Investee Companies during the received during the value ast at 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, during the Effects 2018 of investment company period 2018 period held
------Rupees in '000------%------
DELISTED / UNQOUTED COMPANIES Accord Textile Limited 458,109 - - - - - 458,109 - - - - 4.93 Adamjee Floorings 59,110 - - - - - 59,110 - - - - 2.46 Adamjee Industries 121 - - - - - 121 - - - - 0.00 Adamjee Paper 269,806 - - - - - 269,806 - - - - 6.45 Adil Polyproplene Limited 136,201 - - - - - 136,201 - - - - 2.46 Afsar Textile Mills 64,184 - - - - - 64,184 - - - - 3.85 Al-Hussany Industries Limited 61,573 - - - - - 61,573 - - - - 2.46 Alif Textile Mills Limited 320,085 - - - - - 320,085 - - - - 8.21 Allied Textile Mills Limited 107,510 - - - - - 107,510 - - - - 5.50 Amazai Textile Mills Limited 299 - - - - - 299 - - - - 0.01 Apex Fabrics Limited 284,101 - - - - - 284,101 - - - - 4.93 Arag Industries Limited 189,220 - - - - - 189,220 - - - - - Aslo Electronics 39,407 - - - - - 39,407 - - - - 1.97 Aswan Tentage Limited 168,712 - - - - - 168,712 - - - - 2.61 Automobile Equipment Manufacturing Co Ltd 37,750 - - - - - 37,750 - - - - 9.44 Awan Textile Mills Limited 213,390 - - - - - 213,390 - - - - 2.46 Bahawalpur Textile Mills Limited 64,250 - - - - - 64,250 - - - - 6.43 Balochistan Tower 74,114 - - - - - 74,114 - - - - 1.49 Baluchistan Textile Mills Limited 200,000 - - - - - 200,000 - - - - 10.00 Bank Of Bahawalpur Limited 2,690 - - - - - 2,690 - - - - 0.54 Bankers Equity Limited 3,408,091 - - - - - 3,408,091 - - - - 5.20 Bawany Textile Mills 84,233 - - - - - 84,233 - - - - 4.81 Bela Engineering Limited 266,145 - - - - - 266,145 - - - - 7.83 Casspak Industries Limited 54,184 - - - - - 54,184 - - - - 2.46 Central Cotton 34,948 - - - - - 34,948 - - - - 0.45 Chemical Limited 40,000 - - - - - 40,000 - - - - 5.08 Chemphur Pakistan Limited 17,972 - - - - - 17,972 - - - - 1.80 Chilya C. Board 43,200 - - - - - 43,200 - - - - 6.17 Crescent Knitwear 81,277 - - - - - 81,277 - - - - - Crescent Spinning Mills Limited 727,080 - - - - - 727,080 - - - - 4.80 Crown Textile 317,647 - - - - - 317,647 - - - - 4.92 Dadabhoy Leasing 370,674 - - - - - 370,674 - - - - 4.93 Elmac Limited 24,600 - - - - - 24,600 - - - - 2.46 Fazal Vegetable Ghee Mills Limited 42,005 - - - - - 42,005 - - - - 2.10 Ghaffar Text Mills 45,835 - - - - - 45,835 - - - - 9.17 Ghulam Muhammad Dadabhoy 49,259 - - - - - 49,259 - - - - 0.99 Greaves Aircondition 59,110 - - - - - 59,110 - - - - - Gypsum Corporation 165,017 - - - - - 165,017 - - - - 5.00 H-Shaikh 113,022 - - - - - 113,022 - - - - - H.M Silk Mills Limited 158,350 - - - - - 158,350 - - - - 10.56 Harum Textile Mulls Limited 58,248 - - - - - 58,248 - - - - 0.62 Hyderabad Electronic 98,518 - - - - - 98,518 - - - - 3.28 Indus Assurance Company Limited 3,300 - - - - - 3,300 - - - - 0.02 Indus Bank Limited 147 - - - - - 147 - - - - 0.00 Indus Polyester Company Limited 4 - - - - - 4 - - - - 0.00 Industrial Development Bank 1,970 - - - - - 1,970 - - - - 0.04 Innovative Investment Bank Limited 35,227 - - - - - 35,227 - - - - 0.35 Islamic Investment Bank 139,990 - - - - - 139,990 - - - - 0.71 Itti Textile Mills Limited 163,151 - - - - - 163,151 - - - - 2.46 Junaid Cotton Mills Limited 37,436 - - - - - 37,436 - - - - 1.50 Karachi Pipe 156,102 - - - - - 156,102 - - - - 7.81 Karim Silk Mills Limited 19,223 - - - - - 19,223 - - - - 1.97 Kohinoor Cotton 62,553 - - - - - 62,553 - - - - 5.57 Kohinoor Looms Limited 169,648 - - - - - 169,648 - - - - 1.57 Lafayette Industries Synthetics Limited 92,360 - - - - - 92,360 - - - - 2.59 LTV Capital Modaraba 321 - - - - - 321 - - - - 0.00 Medi Glass Limited 295,554 - - - - - 295,554 - - - - 3.89 Marr Fabrics Limited 118,221 - - - - - 118,221 - - - - 4.93 Mehran Bank Limited 738,590 - - - - - 738,590 - - - - 2.46 Mehran Jute Mills Limited 121,543 - - - - - 121,543 - - - - 3.96 Mian Muhammed Sugar Mills Limited 172,406 - - - - - 172,406 - - - - 1.17 Mohib Textile Mills Limited 159,813 - - - - - 159,813 - - - - 1.33 Mubarik Dairies Limited 416 - - - - - 416 - - - - 0.01 National Match Industries 26,452 - - - - - 26,452 - - - - 7.56 National Overseas 24,629 - - - - - 24,629 - - - - - Naveed Textile Mills 70,637 - - - - - 70,637 - - - - 3.62 Norrie Textile Mills Limited 136,500 - - - - - 136,500 - - - - 2.81 Northern Foundry And Egineering Work Ltd. 94,868 - - - - - 94,868 - - - - 18.97 Nowshera Engineering 26,057 - - - - - 26,057 - - - - 5.21 Nusrat Textile Mills 306,342 - - - - - 306,342 - - - - 6.81 Pak Ghee Industries Limited 58,618 - - - - - 58,618 - - - - 2.66 Pak Paper Corporation 103,848 - - - - - 103,848 - - - - - Pearl Fabrics 229,970 - - - - - 229,970 - - - - 2.64 Polyron Limited 147 - - - - - 147 - - - - 0.00 Premier Board 29,998 - - - - - 29,998 - - - - - Premier Ceramics Limited 5,350 - - - - - 5,350 - - - - 1.07 Punjab Building 443,845 - - - - - 443,845 - - - - - 23 Punjab Cotton 56,155 - - - - 56,200 (45) - (4) (0.00) (0.00) - Punjab Lamp 108,468 - - - - - 108,468 - - - - - Qayyum Spinning Mills Limited 149 - - - - - 149 - - - - 0.00 Pan Islamic Steamship Co. Limited 1,136 - - - - - 1,136 - - - - 0.02 RCD Ball 19,716 - - - - - 19,716 - - - - 1.31 Refr's Manufacturing Co.Pk 26 - - - - - 26 - - - - 0.00 Rex Baren Battery 56,155 - - - - - 56,155 - - - - 1.50 Saif Nadeem Kawasaki Motors Limited 482 - - - - - 482 - - - - 0.02 Saitex Spinning Mills Limited 358,212 - - - - - 358,212 - - - - 4.84 Saleem Denim(Kaytex Mills) 162,160 - - - - - 162,160 - - - - 3.77 Sapphire Holding Limited 352,976 - - - - - 352,976 - 3,530 0.00 0.00 1.76 Shahpur Textile Mills Limited. 890,850 - - - - - 890,850 - - - - 6.37 Shahyar (O.E.) 78,469 - - - - - 78,469 - - - - 3.79 Shahyar Textile Mill 222,109 - - - - - 222,109 - - - - 5.14 Siftaq International Limited 108,222 - - - - - 108,222 - - - - 3.59 Sind Alkalis Limited 704,745 - - - - - 704,745 - - - - 9.42 Spencer And Company (Pakistan) Limited 4,986 - - - - - 4,986 - - - - 0.50 Standard Bank Limited 538 - - - - - 538 - - - - 0.03 Right Percentage Bonus Cost/ shares Merger/ Market Market Value of paid-up Purchases shares Sale Carrying As at July purchased/ Demerger As at March Value as at Net as a capital of the 1.00 Name of Investee Companies during the received during the value ast at 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee period during the period March 31, during the Effects 2018 of investment company period 2018 period held
------Rupees in '000------%------
DELISTED / UNQOUTED COMPANIES Accord Textile Limited 458,109 - - - - - 458,109 - - - - 4.93 Adamjee Floorings 59,110 - - - - - 59,110 - - - - 2.46 Adamjee Industries 121 - - - - - 121 - - - - 0.00 Adamjee Paper 269,806 - - - - - 269,806 - - - - 6.45 Adil Polyproplene Limited 136,201 - - - - - 136,201 - - - - 2.46 Afsar Textile Mills 64,184 - - - - - 64,184 - - - - 3.85 Al-Hussany Industries Limited 61,573 - - - - - 61,573 - - - - 2.46 Alif Textile Mills Limited 320,085 - - - - - 320,085 - - - - 8.21 Allied Textile Mills Limited 107,510 - - - - - 107,510 - - - - 5.50 Amazai Textile Mills Limited 299 - - - - - 299 - - - - 0.01 Apex Fabrics Limited 284,101 - - - - - 284,101 - - - - 4.93 Arag Industries Limited 189,220 - - - - - 189,220 - - - - - Aslo Electronics 39,407 - - - - - 39,407 - - - - 1.97 Aswan Tentage Limited 168,712 - - - - - 168,712 - - - - 2.61 Automobile Equipment Manufacturing Co Ltd 37,750 - - - - - 37,750 - - - - 9.44 Awan Textile Mills Limited 213,390 - - - - - 213,390 - - - - 2.46 Bahawalpur Textile Mills Limited 64,250 - - - - - 64,250 - - - - 6.43 Balochistan Tower 74,114 - - - - - 74,114 - - - - 1.49 Baluchistan Textile Mills Limited 200,000 - - - - - 200,000 - - - - 10.00 Bank Of Bahawalpur Limited 2,690 - - - - - 2,690 - - - - 0.54 Bankers Equity Limited 3,408,091 - - - - - 3,408,091 - - - - 5.20 Bawany Textile Mills 84,233 - - - - - 84,233 - - - - 4.81 Bela Engineering Limited 266,145 - - - - - 266,145 - - - - 7.83 Casspak Industries Limited 54,184 - - - - - 54,184 - - - - 2.46 Central Cotton 34,948 - - - - - 34,948 - - - - 0.45 Chemical Limited 40,000 - - - - - 40,000 - - - - 5.08 Chemphur Pakistan Limited 17,972 - - - - - 17,972 - - - - 1.80 Chilya C. Board 43,200 - - - - - 43,200 - - - - 6.17 Crescent Knitwear 81,277 - - - - - 81,277 - - - - - Crescent Spinning Mills Limited 727,080 - - - - - 727,080 - - - - 4.80 Crown Textile 317,647 - - - - - 317,647 - - - - 4.92 Dadabhoy Leasing 370,674 - - - - - 370,674 - - - - 4.93 Elmac Limited 24,600 - - - - - 24,600 - - - - 2.46 Fazal Vegetable Ghee Mills Limited 42,005 - - - - - 42,005 - - - - 2.10 Ghaffar Text Mills 45,835 - - - - - 45,835 - - - - 9.17 Ghulam Muhammad Dadabhoy 49,259 - - - - - 49,259 - - - - 0.99 Greaves Aircondition 59,110 - - - - - 59,110 - - - - - Gypsum Corporation 165,017 - - - - - 165,017 - - - - 5.00 H-Shaikh 113,022 - - - - - 113,022 - - - - - H.M Silk Mills Limited 158,350 - - - - - 158,350 - - - - 10.56 Harum Textile Mulls Limited 58,248 - - - - - 58,248 - - - - 0.62 Hyderabad Electronic 98,518 - - - - - 98,518 - - - - 3.28 Indus Assurance Company Limited 3,300 - - - - - 3,300 - - - - 0.02 Indus Bank Limited 147 - - - - - 147 - - - - 0.00 Indus Polyester Company Limited 4 - - - - - 4 - - - - 0.00 Industrial Development Bank 1,970 - - - - - 1,970 - - - - 0.04 Innovative Investment Bank Limited 35,227 - - - - - 35,227 - - - - 0.35 Islamic Investment Bank 139,990 - - - - - 139,990 - - - - 0.71 Itti Textile Mills Limited 163,151 - - - - - 163,151 - - - - 2.46 Junaid Cotton Mills Limited 37,436 - - - - - 37,436 - - - - 1.50 Karachi Pipe 156,102 - - - - - 156,102 - - - - 7.81 Karim Silk Mills Limited 19,223 - - - - - 19,223 - - - - 1.97 NATIONALKohinoor Cotton INVESTMENT 62,553 (UNIT) - TRUST - - - - 62,553 - - - - 5.57 Kohinoor Looms Limited 169,648 - - - - - 169,648 - - - - 1.57 NOTESLafayette TO Industries AND Synthetics FORMINGLimited 92,360 PART - OF THE- CONDENSED - - - INTERIM 92,360 - FINANCIAL - - - 2.59 LTV Capital Modaraba 321 - - - - - 321 - - - - 0.00 Medi Glass Limited 295,554 - - - - - 295,554 - - - - 3.89 INFORMATIONMarr Fabrics Limited (UNAUDITED) 118,221 - - - - - 118,221 - - - - 4.93 Mehran Bank Limited 738,590 - - - - - 738,590 - - - - 2.46 FOR THEMehran Jute NINE Mills Limited MONTHS AND 121,543 THREE - MONTHS - - PERIOD - ENDED - 121,543 MARCH - 31, - 2018 - - 3.96 Mian Muhammed Sugar Mills Limited 172,406 - - - - - 172,406 - - - - 1.17 Mohib Textile Mills Limited 159,813 - - - - - 159,813 - - - - 1.33 Mubarik Dairies Limited 416 - - - - - 416 - - - - 0.01 National Match Industries 26,452 - - - - - 26,452 - - - - 7.56 National Overseas 24,629 - - Right - - - 24,629 - - - - Percentage - Bonus Cost/ shares Merger/ Market Market Value of paid-up Naveed Textile Mills 70,637 Purchases - shares - - - Sale - 70,637 Carrying - - - - 3.62 As at July purchased/ Demerger As at March Value as at Net as a capital of the 1.00 Norrie TextileName Mills of Investee Limited Companies 136,500 during the- received - - - during the- 136,500 value ast - at - - - 2.81 01, 2017 subscribed Adjust. 31, 2018 March 31, Assets percentage investee Northern Foundry And Egineering Work Ltd. 94,868 period - during the- - - period - 94,868 March 31, - - - - 18.97 during the Effects 2018 of investment company period 2018 Nowshera Engineering 26,057 - - period - - - 26,057 - - - - held 5.21 Nusrat Textile Mills 306,342 - - - - - 306,342 - - - - 6.81 ------Rupees in '000------%------Pak Ghee Industries Limited 58,618 - - - - - 58,618 - - - - 2.66 Pak Paper Corporation 103,848 - - - - - 103,848 - - - - - DELISTED / UNQOUTED COMPANIES Pearl Fabrics 229,970 - - - - - 229,970 - - - - 2.64 Accord Textile Limited 458,109 - - - - - 458,109 - - - - 4.93 Polyron Limited 147 - - - - - 147 - - - - 0.00 Adamjee Floorings 59,110 - - - - - 59,110 - - - - 2.46 Premier Board 29,998 - - - - - 29,998 - - - - - Adamjee Industries 121 - - - - - 121 - - - - 0.00 Premier Ceramics Limited 5,350 - - - - - 5,350 - - - - 1.07 Adamjee Paper 269,806 - - - - - 269,806 - - - - 6.45 Punjab Building 443,845 - - - - - 443,845 - - - - - Adil Polyproplene Limited 136,201 - - - - - 136,201 - - - - 2.46 Punjab Cotton 56,155 - - - - 56,200 (45) - (4) (0.00) (0.00) - Afsar Textile Mills 64,184 - - - - - 64,184 - - - - 3.85 Punjab Lamp 108,468 - - - - - 108,468 - - - - - Al-Hussany Industries Limited 61,573 - - - - - 61,573 - - - - 2.46 Qayyum Spinning Mills Limited 149 - - - - - 149 - - - - 0.00 Alif Textile Mills Limited 320,085 - - - - - 320,085 - - - - 8.21 Pan Islamic Steamship Co. Limited 1,136 - - - - - 1,136 - - - - 0.02 Allied Textile Mills Limited 107,510 - - - - - 107,510 - - - - 5.50 RCD Ball 19,716 - - - - - 19,716 - - - - 1.31 Amazai Textile Mills Limited 299 - - - - - 299 - - - - 0.01 Refr's Manufacturing Co.Pk 26 - - - - - 26 - - - - 0.00 Apex Fabrics Limited 284,101 - - - - - 284,101 - - - - 4.93 Rex Baren Battery 56,155 - - - - - 56,155 - - - - 1.50 Arag Industries Limited 189,220 - - - - - 189,220 - - - - - Saif Nadeem Kawasaki Motors Limited 482 - - - - - 482 - - - - 0.02 Aslo Electronics 39,407 - - - - - 39,407 - - - - 1.97 Saitex Spinning Mills Limited 358,212 - - - - - 358,212 - - - - 4.84 Aswan Tentage Limited 168,712 - - - - - 168,712 - - - - 2.61 Saleem Denim(Kaytex Mills) 162,160 - - - - - 162,160 - - - - 3.77 Automobile Equipment Manufacturing Co Ltd 37,750 - - - - - 37,750 - - - - 9.44 Sapphire Holding Limited 352,976 - - - - - 352,976 - 3,530 0.00 0.00 1.76 Awan Textile Mills Limited 213,390 - - - - - 213,390 - - - - 2.46 Shahpur Textile Mills Limited. 890,850 - - - - - 890,850 - - - - 6.37 Bahawalpur Textile Mills Limited 64,250 - - - - - 64,250 - - - - 6.43 Shahyar (O.E.) 78,469 - - - - - 78,469 - - - - 3.79 Balochistan Tower 74,114 - - - - - 74,114 - - - - 1.49 Shahyar Textile Mill 222,109 - - - - - 222,109 - - - - 5.14 Baluchistan Textile Mills Limited 200,000 - - - - - 200,000 - - - - 10.00 Siftaq International Limited 108,222 - - - - - 108,222 - - - - 3.59 Bank Of Bahawalpur Limited 2,690 - - - - - 2,690 - - - - 0.54 Sind Alkalis Limited 704,745 - - - - - 704,745 - - - - 9.42 Bankers Equity Limited 3,408,091 - - - - - 3,408,091 - - - - 5.20 Spencer And Company (Pakistan) Limited 4,986 - - - - - 4,986 - - - - 0.50 Bawany Textile Mills 84,233 - - - - - 84,233 - - - - 4.81 Standard Bank Limited 538 - - - - - 538 - - - - 0.03 Bela Engineering Limited 266,145 - - - - - 266,145 - - - - 7.83 15,024 - - - - - 15,024 - - - - 0.14 CasspakSunrise Textile Industries Mills Limited Limited 54,184 - - - - - 54,184 - - - - 2.46 440,918 - - - - - 440,918 - - - - 5.62 CentralSunshine Cotton Cloth Mills Limited 34,948 - - - - - 34,948 - - - - 0.45 ChemicalSynthetic LimitedChemical Company Limited 40,00082,125 ------40,00082,125 ------5.081.46 ChemphurTaga Pakistan Pakistan Limited Limited 17,97296,055 ------17,97296,055 ------1.803.69 43,100 - - - - - 43,100 - - - - 6.16 ChilyaTariq Cotton C. Board Mills Limited 43,200 - - - - - 43,200 - - - - 6.17 118,664 - - - - - 118,664 - - - - 0.98 CrescentTawakkal KnitwearGarments Industries Limited 81,277 - - - - - 81,277 - - - - - 113,264 - - - - - 113,264 - - - - 0.81 CrescentTawakkal SpinningLimited Mills Limited 727,080 - - - - - 727,080 - - - - 4.80 474,032 - - - - - 474,032 - - - - 1.83 CrownTawakkal Textile Modaraba Ist. 317,647 - - - - - 317,647 - - - - 4.92 206,888 - - - - - 206,888 - - - - 4.87 DadabhoyTaxila Engineering Leasing Company Limited 370,674 - - - - - 370,674 - - - - 4.93 ElmacTurbo TecLimited Limited 170,879 24,600 ------170,879 24,600 ------2.461.71 306 - - - - - 306 - - - - 0.00 FazalUnion VegetableInsurance GheeCo. Of Mills Pakistan Limited Ltd. 42,005 - - - - - 42,005 - - - - 2.10 139,748 - - - - - 139,748 - - - - 5.27 GhaffarUqab Breeding Text Mills Farms Limited 45,835 - - - - - 45,835 - - - - 9.17 66,844 - - - - - 66,844 - - - - 6.68 GhulamZaffar Textile Muhammad Dadabhoy 49,259 - - - - - 49,259 - - - - 0.99 412,147 - - - - - 412,147 - - - - 0.55 GreavesZahur Textile Aircondition Mills Limited 59,110 - - - - - 59,110 ------Gypsum Corporation 18,560,831 165,017 ------56,200 - 18,504,631 165,017 -- 3,526 - 0.00 - 0.00 - 5.00 H-Shaikh 113,022 - - - - - 113,022 - - - - - H.M Silk Mills Limited 690,364,392 158,350 10,563,949 - 6,419,846 - 3,216,671 - (6,535,524) - 27,248,704 - 676,726,019 158,350 12,090,846 - 72,248,185 - 95.11 - 20,481.95 - 10.56 Harum Textile Mulls Limited 58,248 - - - - - 58,248 - - - - 0.62 Hyderabad Electronic 98,518 - - - - - 98,518 - - - - 3.28 6.3 IndusInvestments- Assurance Company 'held Limited to maturity' 3,300 - - - - - 3,300 - - - - 0.02 Indus Bank Limited 147 - - - - - 147 - - - - 0.00 Indus Polyester Company Limited 4 ------At 4 - cost------0.00 Industrial Development Bank 1,970 - - - - - 1,970 - - - - 0.04 Innovative Investment Bank Limited 35,227 - - - - - 35,227 Receipts - - - -% age of 0.35 Islamic Investment Bank Name 139,990 - - - - - 139,990 - - - - 0.71 Itti Textile Mills Limited 163,151 - - - - - Opening 163,151 during - the - Closing - net - assets 2.46 Junaid Cotton Mills Limited 37,436 - - - - - 37,436 period - - - - 1.50 Karachi Pipe 156,102 - - - - - 156,102 - - - - 7.81 Karim Silk Mills Limited 19,223 ------Rupees - 19,223 - in '000------1.97 TextileKohinoor Cotton Management (Private) Limited 62,553 - - - - - 4,125 62,553 - - - - 4,125 - 0.01% 5.57 Kohinoor Looms Limited 169,648 - - - - - 169,648 - - - - 1.57 Lafayette Industries Synthetics Limited 92,360 - - - - - 92,360 - - - - 2.59 PakLTV Capital China Modaraba Fertilizers Limited 321 - - - - - 27,000 321 - - - 27,000 - - 0.04% 0.00 Medi Glass Limited 295,554 - - - - - 295,554 - - - - 3.89 Marr Fabrics Limited 118,221 - - - - - 118,221 - - - - 4.93 QuaidabadMehran Bank Limited Woolen Mills Limited 738,590 - - - - - 23,000 738,590 - - - 23,000 - - 0.03% 2.46 Mehran Jute Mills Limited 121,543 - - - - - 121,543 - - - - 3.96 Sub-totalMian Muhammed Sugar Mills Limited 172,406 - - - - - 54,125 172,406 - - - 54,125 - - 0.07% 1.17 Mohib Textile Mills Limited 159,813 - - - - - 159,813 - - - - 1.33 LessMubarik Dairies: Provision Limited for impairment loss 416 - - - - - (54,125) 416 - - - (54,125) - - -0.07% 0.01 National Match Industries 26,452 - - - - - 26,452 ------7.56 National Overseas 24,629 - - - - - 24,629 - - - - - Naveed Textile Mills 70,637 - - - - - 70,637 - - - - 3.62 AdamjeeNorrie Textile Mills Paper Limited & Board Mills Limited 136,500 - - - - - 10,500 136,500 - - - 10,500 - - 0.01% 2.81 LessNorthern :Foundry Provision And Egineering for impairment Work Ltd. loss 94,868 - - - - - (10,500) 94,868 - - - (10,500) - - -0.01% 18.97 Nowshera Engineering 26,057 - - - - - 26,057 - - - - 5.21 Nusrat Textile Mills 306,342 - - - - - 306,342 ------6.81 Pak Ghee Industries Limited 58,618 - - - - - 58,618 - - - - 2.66 AdamjeePak Paper Corporation Paper & Board Mills Limited 103,848 - - - - - 8,125103,848 - - - - 8,125 - 0.01% - Pearl Fabrics 229,970 - - - - - 229,970 - - - - 2.64 Polyron Limited 147 - - - - - 147 - - - - 0.00 NaimatPremier Board Basal Oil & Gas Securitization 29,998 Company - Limited - - - - 29,998 2 - - - - 2 - 0.00% - Premier Ceramics Limited 5,350 - - - - - 5,350 - - - - 1.07 24 Punjab Building 443,845 - - - - - 443,845 - - - - - PakistanPunjab Cotton Telecommunication Limited 56,155 (PTC) - / BEL - - - 56,200 753 (45) - - (4) (0.00) 753 (0.00) 0.00% - Sub-totalPunjab Lamp 108,468 - - - - - 8,880108,468 - - - - 8,880 - 0.01% - LessQayyum :Spinning Provision Mills Limited for impairment loss 149 - - - - - (8,880) 149 - - - (8,880) - - -0.01% 0.00 Pan Islamic Steamship Co. Limited 1,136 - - - - - 1,136 - - - - 0.02 RCD Ball 19,716 - - - - - 19,716 ------1.31 Refr's Manufacturing Co.Pk 26 - - - - - 26 - - - - 0.00 Rex Baren Battery 56,155 - - - - - 56,155 - - - - 1.50 TotalSaif Nadeem Kawasaki Motors Limited 482 - - - - - 73,505 482 - - - 73,505 - - 0.10% 0.02 Saitex Spinning Mills Limited 358,212 - - - - - 358,212 - - - - 4.84 Less:Saleem Denim(Kaytex Provision Mills) for impairment 162,160 - - - - - (73,505) 162,160 - - - (73,505) - - -0.10% 3.77 Sapphire Holding Limited 352,976 - - - - - 352,976 - 3,530 0.00 0.00 1.76 Shahpur Textile Mills Limited. 890,850 - - - - - 890,850 ------6.37 Shahyar (O.E.) 78,469 - - - - - 78,469 - - - - 3.79 Shahyar Textile Mill 222,109 - - - - - 222,109 - - - - 5.14 6.4 InvestmentsSiftaq International Limitedinclude shares with 108,222 market value - of Rs - 833.180 -million (June - 30, - 2017: 108,222 Rs. 692.501 - million) - which - have been - pledged 3.59 withSind AlkalisNational Limited Clearing Company 704,745 of Pakistan - Limited - for guaranteeing - - settlement - of 704,745 the Fund's - trades - in accordance - with - Circular 9.42 no.Spencer 11 And dated Company October (Pakistan) Limited 22, 2007 issued 4,986 by the - Securities - and Exchange - - Commission - of 4,986 Pakistan. - - - - 0.50 Standard Bank Limited 538 - - - - - 538 - - - - 0.03
6.5 Finance Act 2014 has introduced tax on bonus shares issued by the Companies. Most Equity Funds including NI(U)T Fund have challenged the applicability of witholding tax provision on bonus shares before Honorable High Court of Sindh ("the Court") on various legal grounds and have sought relief from the Court. The Court, in its order dated 25 November 2014, has granted interim relief by passing the restraining order whereby the Defendants, (issuers of the Bonus shares) have refrained from deducting and /or transfering 5% withholding tax on Bonus shares issued by them.
As an abundant caution, the NI(U)T Fund has made payments which is equivalent to 5% value of the respective bonus shares, determined on the basis of day-end price on the first day of book closure. These payments have been recorded as part of cost of respective investments. Detail is as follows. 6.3 Investments- 'held to maturity'
------At cost------Receipts % age of Name Opening during the Closing net assets NATIONAL INVESTMENT (UNIT) TRUST period ------Rupees in '000------NOTESTextile TO Management AND FORMING (Private) Limited PART OF THE CONDENSED INTERIM 4,125 FINANCIAL - 4,125 0.01% INFORMATIONPak China Fertilizers (UNAUDITED) Limited 27,000 - 27,000 0.04% FOR THEQuaidabad NINE Woolen MONTHS Mills Limited AND THREE MONTHS PERIOD ENDED 23,000 MARCH -31, 2018 23,000 0.03% 6.3 Investments- 'held to maturity' Sub-total 54,125 - 54,125 0.07% Less : Provision for impairment loss (54,125) - (54,125) -0.07% ------At - cost------Receipts % age of Name Adamjee Paper & Board Mills Limited Opening 10,500 during the- Closing 10,500 net assets0.01% Less : Provision for impairment loss (10,500) period - (10,500) -0.01% ------Rupees in '000------Textile Management (Private) Limited 4,125 - 4,125 0.01% Adamjee Paper & Board Mills Limited 8,125 - 8,125 0.01% Pak China Fertilizers Limited 27,000 - 27,000 0.04% Naimat Basal Oil & Gas Securitization Company Limited 2 - 2 0.00% Quaidabad Woolen Mills Limited 23,000 - 23,000 0.03% Pakistan Telecommunication Limited (PTC) / BEL 753 - 753 0.00% Sub-total 54,125 8,880 - 54,125 8,880 0.07%0.01% Less : Provision for impairment loss (54,125) (8,880) - (54,125) (8,880) -0.07%-0.01% - - - -
AdamjeeTotal Paper & Board Mills Limited 10,50073,505 - 10,50073,505 0.01%0.10% Less : Provision for impairment loss (10,500) - (10,500) -0.01% Less: Provision for impairment (73,505) - - (73,505) - -0.10% - - - - - Adamjee Paper & Board Mills Limited 8,125 - 8,125 0.01% 6.4 Investments include shares with market value of Rs 833.180 million (June 30, 2017: Rs. 692.501 million) which have been pledged Naimatwith National Basal ClearingOil & GasCompany Securitizationof Pakistan CompanyLimited Limitedfor guaranteeing settlement of the 2Fund's trades - in accordance 2 with Circular0.00% no. 11 dated October 22, 2007 issued by the Securities and Exchange Commission of Pakistan. Pakistan Telecommunication Limited (PTC) / BEL 753 - 753 0.00% 6.5 Sub-totalFinance Act 2014 has introduced tax on bonus shares issued by the Companies. 8,880Most Equity Funds - including 8,880NI(U)T Fund0.01%have Lesschallenged : Provisionthe applicability for impairmentof witholdingloss tax provision on bonus shares before Honorable (8,880) High Court - of Sindh (8,880) ("the Court")-0.01%on various legal grounds and have sought relief from the Court. The Court, in its order dated - 25 November - 2014, has - granted interim - relief by passing the restraining order whereby the Defendants, (issuers of the Bonus shares) have refrained from deducting and Total/or transfering 5% withholding tax on Bonus shares issued by them. 73,505 - 73,505 0.10%
Less:As an Provisionabundant forcaution, impairmentthe NI(U)T Fund has made payments which is equivalent (73,505)to 5% value of- the respective (73,505) bonus shares,-0.10% determined on the basis of day-end price on the first day of book closure. These payments - have been - recorded - as part of cost - of respective investments. Detail is as follows. 5 Payment made 6.4 Investments include shares with market value of Rs 833.180 million (June 30, 2017:5%Rs. (No.692.501 of %Market million) valuewhich have been pledged to the with National Clearing Company of Pakistan Limited for guaranteeing settlement ofBonusthe Fund's ( tradesas inonaccordance with Circular investee no. 11 dated October 22, 2007 issued by the Securities and Exchange Commissionshares) of Pakistan.N31 March 2018 companies o 6.5 Finance Act 2014 has introduced tax on bonus shares issued by the Companies. Most Equity Funds------Rupeesincluding NI(U)T in '000------Fund have challengedSecurity Papersthe applicability Limited * of witholding tax provision on bonus shares before Honorable 21,958 High Court of2,688 Sindh ("the Court") 1,446 on variousSearle Pakistanlegal grounds Limitedand * have sought relief from the Court. The Court, in its order dated 36,230 25 November 12,739 2014, has granted interim6,856 reliefSuraj byCottonpassing Millsthe Limitedrestraining * order whereby the Defendants, (issuers of the Bonus 10,904 shares) have refrained 1,592 from deducting 1,389 and /orFaysal transfering Bank Limited 5% withholding * tax on Bonus shares issued by them. 41,151 1,086 630 Shezan International Limited * 6,904 3,783 6,317 AsFaysalan abundantBank Limitedcaution, ** the NI(U)T Fund has made payments which is equivalent to 7,287 5% value of the respective 192 bonus shares, - determinedPakistan Stateon Oilthe Companybasis of day-end Limited price** on the first day of book closure. These payments 202,020 have been 64,947 recorded as part of cost - of respectiveGul Ahmed investments. Textile Mills LimitedDetail is ** as follows. 49,732 2,123 - Mari Petroleum Company Limited ** 38,238 56,614 - Searle Pakistan Limited** 49,645 17,456 - United Distributors Pakistan Limited ** 15,864 873 - Synthetic Product Enterprise Limited ** 990 54 - Jauharabad Sugar Mills Limited ** 3,600 148 - Highnoon Laboratories Limited ** 2,563 1,198 - Crescent Cotton Mills Limited ** 3,146 119 - Treet Corporation Limited** 51,062 2,162 - Faysal Bank Limited *** 5,837 154 125 Highnoon Laboratories Limited*** 4,970 2,324 1,707 Kohinoor Textile Mills Limited*** 16,963 1,193 1,172 Searle Pakistan Limited *** 59,962 21,083 29,607 United Distributors Pakistan Limited*** 4,520 249 144 192,776 49,393
* Security Papers Limited, Searle Pakistan Limited, Suraj Cotton Mills Limited, Faysal Bank Limited and Shezan International Limited have released the above mentioned bonus shares and have retained the payments. 25
** Gul Ahmed Textile Mills Limited and Mari Petroleum Company Limited have returned the payments on 05 December 2014 and 14 January 2015 respectively and have not released the shares due to court order and recorded as liability. Searle Pakistan Limited, United Distributor Pakistan Limited, Pakistan State Oil Company Limited Synthetic Product Enterprise Limited, Jauharabad Sugar Mill Limited, Highnoon Laboratories Limited, Nimir Resin Limited, Treet Corporation Limited & Crescent Cotton Mills Limited has not demanded the payment due to filing of petition by the fund, however the management has recorded a payable under prudence basis (refer note 10).
*** Faysal Bank Limited , Highnoon Laboratories Limited, Kohinoor Textile Mills Limited, Searle Pakistan Limited & United Distributors Pakistan Limited has not released the bonus shares and retained the payment due to court order.
6.6 The investment portfolio of the Fund includes 24,089,389 shares of Pakistan State Oil Company Limited and 18,338,031 shares of Sui Northern Gas Pipelines Limited, which have been frozen by the Government of Pakistan (GoP) for sale in the equity market due to their proposed privatisation. The 24,089,398 frozen shares and 31,800 free shares ( Total = 24,121,199 shares) of Pakistan State Oil Company Limited (PSO) having market value of Rs 7,754.7224 million as on 31 March 2018 out of total 12,673,295 shares of PSO are held physically by CDC-Trustee and remaining 11,447,905 shares of PSO are physically held by National Bank of Pakistan ( the former Trustee) having title National Bank of Pakistan-Trustee Wing. ------March 31------6.7 Net unrealised (diminution) / appreciation on re-measurement of investments 2018 2017 classified as 'financial assets at fair value through profit or loss' ------(Unaudited)------Rupees in '000------Market value of investments 3,373,074 4,220,123 Less: Carrying value of investments (4,521,782) (2,708,660) (1,148,708) 1,511,463
------March 31------6.8 Net unrealised (diminution) / appreciation on re-measurement of 2018 2017 investments classified as 'available for sale' ------(Unaudited)------Rupees in '000------Market value of investments 72,248,185 83,334,824 Less: Carrying value of investments - net of impairment (12,090,846) (11,871,164) 60,157,339 71,463,660 Less: Net unrealised (diminution) / appreciation in the fair value of investments at the beginning of the period (67,037,568) (52,717,631) (6,880,229) 18,746,029 5 Payment made 5% (No. of %Market value to the Bonus ( as on investee shares) N31 March 2018 companies o ------Rupees in '000------Security Papers Limited * 21,958 2,688 1,446 Searle Pakistan Limited * 36,230 12,739 6,856 Suraj Cotton Mills Limited * 10,904 1,592 1,389 Faysal Bank Limited * 41,151 1,086 630 Shezan International Limited * 6,904 3,783 6,317 Faysal Bank Limited ** 7,287 192 - Pakistan State Oil Company Limited ** 202,020 64,947 - Gul Ahmed Textile Mills Limited ** 49,732 2,123 - Mari Petroleum Company Limited ** 38,238 56,614 - Searle Pakistan Limited** 49,645 17,456 - United Distributors Pakistan Limited ** 15,864 873 - Synthetic Product Enterprise Limited ** 990 54 - Jauharabad Sugar Mills Limited ** 3,600 148 - Highnoon Laboratories Limited ** 2,563 1,198 - NATIONALCrescent CottonINVESTMENT Mills Limited ** (UNIT) TRUST 3,146 119 - Treet Corporation Limited** 51,062 2,162 - NOTESFaysal TO Bank AND Limited FORMING *** PART OF THE CONDENSED INTERIM 5,837 FINANCIAL 154 125 Highnoon Laboratories Limited*** 4,970 2,324 1,707 INFORMATIONKohinoor Textile Mills(UNAUDITED) Limited*** 16,963 1,193 1,172 FOR THESearle NINE Pakistan MONTHS Limited *** AND THREE MONTHS PERIOD ENDED 59,962 MARCH 31, 21,0832018 29,607 United Distributors Pakistan Limited*** 4,520 249 144 192,776 49,393
* Security Papers Limited, Searle Pakistan Limited, Suraj Cotton Mills Limited, Faysal Bank Limited and Shezan International Limited have released the above mentioned bonus shares and have retained the payments.
** Gul Ahmed Textile Mills Limited and Mari Petroleum Company Limited have returned the payments on 05 December 2014 and 14 January 2015 respectively and have not released the shares due to court order and recorded as liability. Searle Pakistan Limited, United Distributor Pakistan Limited, Pakistan State Oil Company Limited Synthetic Product Enterprise Limited, Jauharabad Sugar Mill Limited, Highnoon Laboratories Limited, Nimir Resin Limited, Treet Corporation Limited & Crescent Cotton Mills Limited has not demanded the payment due to filing of petition by the fund, however the management has recorded a payable under prudence basis (refer note 10).
*** Faysal Bank Limited , Highnoon Laboratories Limited, Kohinoor Textile Mills Limited, Searle Pakistan Limited & United Distributors Pakistan Limited has not released the bonus shares and retained the payment due to court order.
6.6 The investment portfolio of the Fund includes 24,089,389 shares of Pakistan State Oil Company Limited and 18,338,031 shares of Sui Northern Gas Pipelines Limited, which have been frozen by the Government of Pakistan (GoP) for sale in the equity market due to their proposed privatisation. The 24,089,398 frozen shares and 31,800 free shares ( Total = 24,121,199 shares) of Pakistan State Oil Company Limited (PSO) having market value of Rs 7,754.7224 million as on 31 March 2018 out of total 12,673,295 shares of PSO are held physically by CDC-Trustee and remaining 11,447,905 shares of PSO are physically held by National Bank of Pakistan ( the former Trustee) having title National Bank of Pakistan-Trustee Wing. ------March 31------6.7 Net unrealised (diminution) / appreciation on re-measurement of investments 2018 2017 classified as 'financial assets at fair value through profit or loss' ------(Unaudited)------Rupees in '000------Market value of investments 3,373,074 4,220,123 Less: Carrying value of investments (4,521,782) (2,708,660) (1,148,708) 1,511,463
------March 31------6.8 Net unrealised (diminution) / appreciation on re-measurement of 2018 2017 investments classified as 'available for sale' ------(Unaudited)------Rupees in '000------Market value of investments 72,248,185 83,334,824 Less: Carrying value of investments - net of impairment (12,090,846) (11,871,164) 60,157,339 71,463,660 Less: Net unrealised (diminution) / appreciation in the fair value of investments at the beginning of the period (67,037,568) (52,717,631) (6,880,229) 18,746,029
7 DIVIDEND & OTHER RECEIVABLES March 31,2018 June 30, 2017 (Unaudited) (Audited) ------Rupees in '000------Dividend Receivable 559,870 323,936 Profit on term finance certificates 23,705 23,705 Less: Provision against doubtful receivables (23,705) (23,705) - - Profit on Morabaha arrangements 51,267 51,267 Less: Provision against profit on Morabaha arrangements (51,267) (51,267) - - Mark-up receivable on bank deposits 6,506 289 Advance against Pre-IPO investment 7.1 150,000 150,000 Less: Provision against doubtful receivables (150,000) (150,000) - - Other receivables 14,694 14,694 Less: Provision against doubtful receivables (14,694) (14,694) - - 566,376 324,225
7.1 This include Rs. 150 million (30 June 2017: 150 million) which the Fund had subscribed towards the term finance certificates of an issuer as Pre-IPO on 13 March 2008. Under the agreement, the issuer was required to complete the public offering by 23 November 2008. However, no public offering has been carried out by the issuer till date. In addition, profit on the advance against subscription , due after six months from the date of subscription, has also not been received by the Fund. As a matter of prudence, the Fund has made a provision of 100% against this advance. 26 March 31,2018 June 30, 2017 8 PAYABLE TO NATIONAL INVESTMENT TRUST LIMITED (Unaudited) (Audited) - MANAGEMENT COMPANY ------Rupees in '000------On account of: - Management remuneration 8.1 143,681 85,144 - Sindh Sales Tax 8.2 18,680 11,070 - Preliminary charges and handling fees - 2 - Allocation of expenses related to registrar services, accounting, operation and valuation services 8.3 11,760 7,139 - Others 615 - - Redemption of units - 200,000 174,736 303,355
8.1 The Management Company has charged its remuneration at the rate 1.2% per annum of the average net assets for the current period. (from 01 July 2016 to 05 February 2017 : 1% per annum ; from 6 February 2017 to 30 June 2017: 1.2% per annum)
8.2 During the period, Sindh Sales Tax at the rate of 13% (30 June 2017: 13%) was charged on the management remuneration.
8.3 Securities and Exchange Commission of Pakistan through its SRO 1160(I)/2015 dated 25 November 2015 has revised the Non- Banking Finance Companies and Notified Entities Regulations, 2008. In the revised regulations a new clause 60(3)(s) has been introduced allowing the Management Company to charge "fees and expenses related to registrar services, accounting, operation and valuation services related to CIS maximum up to 0.1% of average annual net assets of the Scheme or actual whichever is less" from the mutual funds managed by it. Accordingly, such expense has been charged.
March 31,2018 June 30, 2017 9 PAYABLE TO THE CENTRAL DEPOSITORY COMPANY OF (Unaudited) (Audited) PAKISTAN LIMITED - TRUSTEE ------Rupees in '000------
Trustee remuneration 2,490 2,611 Sindh Sales Tax 9.1 324 339 2,814 2,950
9.1 During the period, Sindh Sales Tax at the rate of 13% (30 June 2017: 13%) was charged on trustee remuneration. 7 DIVIDEND & OTHER RECEIVABLES March 31,2018 June 30, 2017 (Unaudited) (Audited) ------Rupees in '000------Dividend Receivable 559,870 323,936 Profit on term finance certificates 23,705 23,705 Less: Provision against doubtful receivables (23,705) (23,705) - - Profit on Morabaha arrangements 51,267 51,267 Less: Provision against profit on Morabaha arrangements (51,267) (51,267) - - NATIONALMark-up receivable INVESTMENT on bank deposits (UNIT) TRUST 6,506 289 Advance against Pre-IPO investment 7.1 150,000 150,000 NOTESLess: TO Provision AND against FORMING doubtful receivables PART OF THE CONDENSED INTERIM FINANCIAL (150,000) (150,000) - - INFORMATIONOther receivables (UNAUDITED) 14,694 14,694 Less: Provision against doubtful receivables (14,694) (14,694) FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018 - - 566,376 324,225
7.1 This include Rs. 150 million (30 June 2017: 150 million) which the Fund had subscribed towards the term finance certificates of an issuer as Pre-IPO on 13 March 2008. Under the agreement, the issuer was required to complete the public offering by 23 November 2008. However, no public offering has been carried out by the issuer till date. In addition, profit on the advance against subscription , due after six months from the date of subscription, has also not been received by the Fund. As a matter of prudence, the Fund has made a provision of 100% against this advance. March 31,2018 June 30, 2017 8 PAYABLE TO NATIONAL INVESTMENT TRUST LIMITED (Unaudited) (Audited) - MANAGEMENT COMPANY ------Rupees in '000------On account of: - Management remuneration 8.1 143,681 85,144 - Sindh Sales Tax 8.2 18,680 11,070 - Preliminary charges and handling fees - 2 - Allocation of expenses related to registrar services, accounting, operation and valuation services 8.3 11,760 7,139 - Others 615 - - Redemption of units - 200,000 174,736 303,355
8.1 The Management Company has charged its remuneration at the rate 1.2% per annum of the average net assets for the current period. (from 01 July 2016 to 05 February 2017 : 1% per annum ; from 6 February 2017 to 30 June 2017: 1.2% per annum)
8.2 During the period, Sindh Sales Tax at the rate of 13% (30 June 2017: 13%) was charged on the management remuneration.
8.3 Securities and Exchange Commission of Pakistan through its SRO 1160(I)/2015 dated 25 November 2015 has revised the Non- Banking Finance Companies and Notified Entities Regulations, 2008. In the revised regulations a new clause 60(3)(s) has been introduced allowing the Management Company to charge "fees and expenses related to registrar services, accounting, operation and valuation services related to CIS maximum up to 0.1% of average annual net assets of the Scheme or actual whichever is less" from the mutual funds managed by it. Accordingly, such expense has been charged.
March 31,2018 June 30, 2017 9 PAYABLE TO THE CENTRAL DEPOSITORY COMPANY OF (Unaudited) (Audited) PAKISTAN LIMITED - TRUSTEE ------Rupees in '000------
Trustee remuneration 2,490 2,611 Sindh Sales Tax 9.1 324 339 2,814 2,950
9.1 During the period, Sindh Sales Tax at the rate of 13% (30 June 2017: 13%) was charged on trustee remuneration.
March 31,2018 June 30, 2017 (Unaudited) (Audited) 10 ACCRUED EXPENSES AND OTHER LIABILITIES ------Rupees in '000------Provision for Sindh Workers' Welfare Fund 10.1 385,596 346,997 Federal Excise Duty 10.2 289,563 289,563 Excess dividend received 25,777 23,416 Distribution not claimed by unit holders 5,479 5,479 Brokerage payable against purchase of shares 4,471 4,392 Accrued Financial Charges - 13,258 Auditors' remunerartion payable 502 578 Legal & professional charges 314 314 Zakat 9,996 35,824 Capital Gain Tax 906 1,624 Withholding tax 182 103,260 Printing Charges - 238 Payable to National Clearing Company of Pakistan Limited - 20 Payable against bonus shares 112,207 28,934 834,993 853,897
10.1 The Finance Act, 2008 introduced amendments to the Workers' Welfare Fund (WWF) Ordinance, 1971 whereby the definition of industrial establishment was extended. The amendments were challenged at various levels and conflicting judgments were rendered by the Lahore High Court, Sindh High Court and Peshawar High Court. The Honourable Supreme Court of Pakistan vide its judgment dated 10 November 2016, has upheld the view of Lahore High Court and decided that WWF is not a tax and hence the amendments introduced through Finance Act, 2008 are ultra-vires to the Constitution. The Federal Board of Revenue has filed Civil Review Petitions in respect of above judgment with the prayer that the judgment dated 10 November 2016 passed in the Civil 27 Appeal may kindly be reviewed in the interest of justice.
The Mutual Fund Association of Pakistan (MUFAP), after deliberating the position and obtaining advice from the legal counsel, decided that the provision for WWF held for the period from 1 January 2013 to 30 June 2015 should be reversed effective from 12 January 2017. Accordingly, the provision amounted to Rs. 507.371 million has been reversed on 12 January 2017.
Furthermore, the Sindh Revenue Board (SRB) had written to few mutual funds in January 2016 to register and pay Sindh Workers Welfare Fund (SWWF) for the accounting year closing on or after 31 December 2013. MUFAP reviewed the issue and based on an opinion dated August 2016 decided that SWWF is not applicable on mutual funds as they are not financial institutions as required by SWWF Act, 2014. MUFAP wrote to SRB that mutual funds are not establishments and are pass through vehicles hence, they do not have any worker and no SWWF is payable by them. SRB responded back that as mutual funds are included in definition of financial institutions in the Financial Institutions (Recovery of Finance) Ordinance, 2001, therefore SWWF is applicable on mutual funds. MUFAP has taken up this matter before the Sindh Finance Ministry to exclude mutual funds from SWWF.
MUFAP has also taken a legal opinion that SWWF, if applicable, can only be applied from the date of enactment of SWWF Act, 2014, i.e. 21 May 2015. Accordingly, on 12 January 2017, MUFAP as an abundant caution, has decided to provide for SWWF with effect from 21 May 2015, while the efforts to exclude mutual funds from SWWF continue. The provision made for SWWF on 12 January 2017 is amounted to Rs. 253.730 million. Thereafter the provision for SWWF is being made on a daily basis. Had the SWWF not been provided, the NAV per unit of the Fund would have been higher by Rs. 0.3996 (30 June 2017: Rs. 0.3552).
10.2 The status of Federal Excise Duty (FED) is same as disclosed in annual financial statements for the year ended 30 June 2017. Since the appeal is pending in the Supreme Court of Pakistan, the Management Company as a matter of abundant caution has retained provision for FED on management fee aggregating to Rs. 306.89 million out of which Rs. 17.327 million have been paid to the management company (30 June 2017: 289.563 million) . Had the provision not been made, the Net Asset Value per unit of the Fund would have been higher by Rs. 0.3181 (30 June 2017: Rs. 0.3142) per unit.
11 DIVIDEND PAYABLE AND UNCLAIMED DISTRIBUTION
As at each accounting date, the amount of cash required to effect distribution of profits amongst holders of registered and bearer units, is transferred to a special account titled distribution account. The aggregate balance in such accounts for the years 1997-98 and earlier in case of distribution to registered unit holders and 1999-2000 and earlier in case of distribution to bearer unit holders exceeds the liability for unclaimed distribution by approximately Rs. 31.469 million. This amount represents payments of dividend out of accounts other than the relevant distribution account. March 31,2018 June 30, 2017 (Unaudited) (Audited) 10 ACCRUED EXPENSES AND OTHER LIABILITIES ------Rupees in '000------Provision for Sindh Workers' Welfare Fund 10.1 385,596 346,997 Federal Excise Duty 10.2 289,563 289,563 Excess dividend received 25,777 23,416 Distribution not claimed by unit holders 5,479 5,479 Brokerage payable against purchase of shares 4,471 4,392 Accrued Financial Charges - 13,258 Auditors' remunerartion payable 502 578 Legal & professional charges 314 314 Zakat 9,996 35,824 NATIONALCapital Gain INVESTMENT Tax (UNIT) TRUST 906 1,624 Withholding tax 182 103,260 NOTESPrinting TO Charges AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL - 238 Payable to National Clearing Company of Pakistan Limited - 20 INFORMATIONPayable against bonus(UNAUDITED) shares 112,207 28,934 FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018 834,993 853,897 10.1 The Finance Act, 2008 introduced amendments to the Workers' Welfare Fund (WWF) Ordinance, 1971 whereby the definition of industrial establishment was extended. The amendments were challenged at various levels and conflicting judgments were rendered by the Lahore High Court, Sindh High Court and Peshawar High Court. The Honourable Supreme Court of Pakistan vide its judgment dated 10 November 2016, has upheld the view of Lahore High Court and decided that WWF is not a tax and hence the amendments introduced through Finance Act, 2008 are ultra-vires to the Constitution. The Federal Board of Revenue has filed Civil Review Petitions in respect of above judgment with the prayer that the judgment dated 10 November 2016 passed in the Civil Appeal may kindly be reviewed in the interest of justice.
The Mutual Fund Association of Pakistan (MUFAP), after deliberating the position and obtaining advice from the legal counsel, decided that the provision for WWF held for the period from 1 January 2013 to 30 June 2015 should be reversed effective from 12 January 2017. Accordingly, the provision amounted to Rs. 507.371 million has been reversed on 12 January 2017.
Furthermore, the Sindh Revenue Board (SRB) had written to few mutual funds in January 2016 to register and pay Sindh Workers Welfare Fund (SWWF) for the accounting year closing on or after 31 December 2013. MUFAP reviewed the issue and based on an opinion dated August 2016 decided that SWWF is not applicable on mutual funds as they are not financial institutions as required by SWWF Act, 2014. MUFAP wrote to SRB that mutual funds are not establishments and are pass through vehicles hence, they do not have any worker and no SWWF is payable by them. SRB responded back that as mutual funds are included in definition of financial institutions in the Financial Institutions (Recovery of Finance) Ordinance, 2001, therefore SWWF is applicable on mutual funds. MUFAP has taken up this matter before the Sindh Finance Ministry to exclude mutual funds from SWWF.
MUFAP has also taken a legal opinion that SWWF, if applicable, can only be applied from the date of enactment of SWWF Act, 2014, i.e. 21 May 2015. Accordingly, on 12 January 2017, MUFAP as an abundant caution, has decided to provide for SWWF with effect from 21 May 2015, while the efforts to exclude mutual funds from SWWF continue. The provision made for SWWF on 12 January 2017 is amounted to Rs. 253.730 million. Thereafter the provision for SWWF is being made on a daily basis. Had the SWWF not been provided, the NAV per unit of the Fund would have been higher by Rs. 0.3996 (30 June 2017: Rs. 0.3552).
10.2 The status of Federal Excise Duty (FED) is same as disclosed in annual financial statements for the year ended 30 June 2017. Since the appeal is pending in the Supreme Court of Pakistan, the Management Company as a matter of abundant caution has retained provision for FED on management fee aggregating to Rs. 306.89 million out of which Rs. 17.327 million have been paid to the management company (30 June 2017: 289.563 million) . Had the provision not been made, the Net Asset Value per unit of the Fund would have been higher by Rs. 0.3181 (30 June 2017: Rs. 0.3142) per unit.
11 DIVIDEND PAYABLE AND UNCLAIMED DISTRIBUTION
As at each accounting date, the amount of cash required to effect distribution of profits amongst holders of registered and bearer units, is transferred to a special account titled distribution account. The aggregate balance in such accounts for the years 1997-98 and earlier in case of distribution to registered unit holders and 1999-2000 and earlier in case of distribution to bearer unit holders exceeds the liability for unclaimed distribution by approximately Rs. 31.469 million. This amount represents payments of dividend out of accounts other than the relevant distribution account.
12 CONTINGENCIES AND COMMITMENTS
There were no contingencies and commitments outstanding as at March 31, 2018.
13 TAXATION
The Fund's income is exempt from Income Tax as per clause (99) of part I of the Second Schedule to the Income Tax Ordinance, 2001 subject to the condition that not less than 90% of the accounting income for the year as reduced by capital gains whether realised or unrealised is distributed amongst the unit holders. Provided that for the purpose of determining distribution of at least 90% of accounting income, the income distributed through bonus shares, units or certificates as the case may be, shall not be taken into account. Furthermore, as per regulation 63 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008, the Fund is required to distribute 90% of the net accounting income other than capital gains / loss to the unit holders. The Fund has not recorded any tax liability in respect of income relating to the current period as the Management Company intends to distribute in cash at least 90 percent of the Fund's accounting income for the year ending 30 June 2018 as reduced by capital gains (whether realised or unrealised) to its unit holders in the form of cash.
14 TOTAL EXPENSE RATIO
Total expense ratio (all the expenses, including government levies, incurred during the period divided by average net asset value for the period ) is 1.69% per annum. Total expense ratio (excluding government levies) is 1.36%.
15 TRANSACTIONS WITH CONNECTED PERSONS
15.1 Connected persons include National Investment Trust Limited being the Management Company, Central Depository Company of Pakistan Limited being the Trustee, other collective investment schemes managed by the Management Company, any person or company beneficially owning directly or indirectly ten percent or more of the capital of the Management Company or the net assets 28 of the Fund and the directors and officers of the Management Company and the Trustee and unit holders holding 10 percent or more units of the Fund.
15.2 The transactions with connected persons are in the normal course of business, at contracted terms determined in accordance with the market rates.
15.3 Remuneration to the Management Company and the Trustee is determined in accordance with the provisions of the NBFC Regulations and the Trust Deed respectively.
15.4 Remuneration payable to the Trustee is determined in accordance with the provisions of the Trust Deed.
15.5 The details of significant transactions carried out by the Fund with connected persons and balances with them at the period end are as follows: 12 CONTINGENCIES AND COMMITMENTS
There were no contingencies and commitments outstanding as at March 31, 2018.
13 TAXATION
The Fund's income is exempt from Income Tax as per clause (99) of part I of the Second Schedule to the Income Tax Ordinance, 2001 subject to the condition that not less than 90% of the accounting income for the year as reduced by capital gains whether realised or unrealised is distributed amongst the unit holders. Provided that for the purpose of determining distribution of at least 90% of accounting income, the income distributed through bonus shares, units or certificates as the case may be, shall not be taken into account. Furthermore, as per regulation 63 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008, the Fund is required to distribute 90% of the net accounting income other than capital gains / loss to the unit holders. The NATIONALFund has notINVESTMENTrecorded any tax liability (UNIT)in respect TRUSTof income relating to the current period as the Management Company intends to distribute in cash at least 90 percent of the Fund's accounting income for the year ending 30 June 2018 as reduced by capital gains NOTES(whether TO realisedAND orFORMING unrealised) to its PART unit holders OF in THE the form CONDENSED of cash. INTERIM FINANCIAL
INFORMATION14 TOTAL EXPENSE (UNAUDITED) RATIO FOR THE NINE MONTHS AND THREE MONTHS PERIOD ENDED MARCH 31, 2018 Total expense ratio (all the expenses, including government levies, incurred during the period divided by average net asset value for the period ) is 1.69% per annum. Total expense ratio (excluding government levies) is 1.36%.
15 TRANSACTIONS WITH CONNECTED PERSONS
15.1 Connected persons include National Investment Trust Limited being the Management Company, Central Depository Company of Pakistan Limited being the Trustee, other collective investment schemes managed by the Management Company, any person or company beneficially owning directly or indirectly ten percent or more of the capital of the Management Company or the net assets of the Fund and the directors and officers of the Management Company and the Trustee and unit holders holding 10 percent or more units of the Fund.
15.2 The transactions with connected persons are in the normal course of business, at contracted terms determined in accordance with the market rates.
15.3 Remuneration to the Management Company and the Trustee is determined in accordance with the provisions of the NBFC Regulations and the Trust Deed respectively.
15.4 Remuneration payable to the Trustee is determined in accordance with the provisions of the Trust Deed.
15.5 The details of significant transactions carried out by the Fund with connected persons and balances with them at the period end are as follows: Nine months period ended, Three months period ended, Transactions during the period 2018 2017 2018 2017 ------(Unaudited)------National Investment Trust Limited -Management Company ------Rupees in '000------735,619 units issued (2017: Nil) 50,000 - - - 3,248,057 units Redeemed (2017: 8,412,269 units) 250,000 700,000 250,000 200,000 Management participation fee 664,637 625,216 218,201 248,865 Sindh Sales Tax on Management Fee 86,403 81,278 28,366 32,353 Preliminary charges and handling fees - 9 - 1 Allocation of expenses related to registrar services, accounting, operation and valuation services 55,395 59,803 17,958 22,227 Central Depository Company of Pakistan Limited - Trustee Remuneration to the Trustee 21,963 22,865 7,212 8,022 Sindh Sales Tax on Trustee remuneration 2,855 2,972 937 1,042 Custodian charges 2,594 244 144 112
Directors and key management personnel 105,085 units issued (2017: Nil units) 8,048 - - - 163,768 units redeemed (2017: 219,871 units) 12,166 16,342 - 14,844
National Investment Trust Limited Pension Fund 23,191 units issued (2017: Nil ) 1,686 - - -
March 31, 2018 June 30, 2017 Amounts outstanding as at period end end (Unaudited) (Audited) ------Rupees in '000------National Investment Trust Limited - Management Company 84,358,318 units held (June 30, 2017: 86,870,756 units) 6,639,000 7,274,557 Management remuneration payable 143,681 85,144 Sindh Sales Tax payable 18,680 11,070 Preliminary charges and handling fees payable - 2 Allocation of expenses related to registrar services, accounting, operation and valuation services 11,760 7,139 Others 615 - Payable against redemption of units - 200,000 Central Depository Company of Pakistan Limited-Trustee Remuneration Payable 2,490 2,611 Sindh Sales Tax payable 324 339 National Investment Trust Limited Pension Fund 2,136,205 units held (June 30, 2017: 2,113,014 units) 168,119 176,944 Directors and key management personnel 87,167 units held (June 30, 2017: 146,427 units) 6,860 12,262 29 16 DATE OF AUTHORISATION FOR ISSUE
These condensed interim financial statements were authorised for issue on April 24, 2018 by the Board of Directors of the Management Company. The significant prior year's figures which have been reclassified consequent upon certain changes in current year's 17 GENERAL
Figures have been rounded off to the nearest thousand rupees unless otherwise specified. Nine months period ended, Three months period ended, Transactions during the period 2018 2017 2018 2017 ------(Unaudited)------National Investment Trust Limited -Management Company ------Rupees in '000------735,619 units issued (2017: Nil) 50,000 - - - 3,248,057 units Redeemed (2017: 8,412,269 units) 250,000 700,000 250,000 200,000 Management participation fee 664,637 625,216 218,201 248,865 Sindh Sales Tax on Management Fee 86,403 81,278 28,366 32,353 Preliminary charges and handling fees - 9 - 1 Allocation of expenses related to registrar services, accounting, operation and valuation services 55,395 59,803 17,958 22,227 Central Depository Company of Pakistan Limited - Trustee Nine months period ended, Three months period ended, TransactionsRemuneration duringto the Trustee the period 2018 21,963 2017 22,865 2018 7,212 2017 8,022 Sindh Sales Tax on Trustee remuneration ------(Unaudited)------2,855 2,972 937 1,042 NationalCustodian Investment charges Trust Limited -Management Company ------Rupees2,594 244 in '000------144 112 735,619 units issued (2017: Nil) 50,000 - - - 3,248,057Directors andunits key Redeemed management (2017: personnel 8,412,269 units) 250,000 700,000 250,000 200,000 Management105,085 units participationissued (2017: fee Nil units) 664,637 8,048 625,216 - 218,201 - 248,865 - Sindh163,768 Sales units Tax redeemed on Management (2017: 219,871 Fee units) 86,40312,166 81,27816,342 28,366 - 32,35314,844 Preliminary charges and handling fees - 9 - 1 AllocationNational Investment of expenses Trust related Limited to registrar Pension services, Fund 23,191 accounting, units issued operation (2017: and Nil valuation ) services 55,395 1,686 59,803 - 17,958 - 22,227 - Central Depository Company of Pakistan Limited - Trustee March 31, 2018 June 30, 2017 Remuneration to the Trustee 21,963 22,865 7,212 8,022 Amounts outstanding as at period end end (Unaudited) (Audited) Sindh Sales Tax on Trustee remuneration 2,855 2,972 937 1,042 ------Rupees in '000------Custodian charges 2,594 244 144 112 NATIONALNational Investment INVESTMENT Trust Limited (UNIT) - Management TRUST Company 84,358,318 units held (June 30, 2017: 86,870,756 units) 6,639,000 7,274,557 Directors and key management personnel NOTESManagement TO AND remuneration FORMING payable PART OF THE CONDENSED INTERIM FINANCIAL 143,681 85,144 105,085 units issued (2017: Nil units) 8,048 - - - Sindh Sales Tax payable 18,680 11,070 163,768 units redeemed (2017: 219,871 units) 12,166 16,342 - 14,844 INFORMATIONPreliminary charges (UNAUDITED) and handling fees payable - 2 Allocation of expenses related to registrar services, FOR THENational NINE Investment MONTHS Trust LimitedAND THREEPension Fund MONTHS PERIOD ENDED MARCH 31, 2018 accounting, operation and valuation services 11,760 7,139 23,191 units issued (2017: Nil ) 1,686 - - - Others 615 - Payable against redemption of units - 200,000 March 31, 2018 June 30, 2017 Central Depository Company of Pakistan Limited-Trustee AmountsRemuneration outstanding Payable as at period end end (Unaudited) 2,490 (Audited) 2,611 Sindh Sales Tax payable ------Rupees 324 in '000------339 National Investment Trust Limited - Management Company National Investment Trust Limited Pension Fund 84,358,318 units held (June 30, 2017: 86,870,756 units) 6,639,000 7,274,557 2,136,205 units held (June 30, 2017: 2,113,014 units) 168,119 176,944 Management remuneration payable 143,681 85,144 SindhDirectors Sales and Tax key payable management personnel 18,680 11,070 Preliminary87,167 units charges held (June and 30, handling 2017: fees146,427 payable units) 6,860 - 12,262 2 Allocation of expenses related to registrar services, 16 DATE accounting, OF AUTHORISATION operation and valuationFOR ISSUE services 11,760 7,139 Others 615 - PayableThese condensed against redemptioninterim financial of units statements were authorised for issue on April 24, 2018 by the Board of- Directors 200,000of the Management Company. Central Depository Company of Pakistan Limited-Trustee RemunerationThe significant Payable prior year's figures which have been reclassified consequent upon certain changes 2,490 in current year's2,611 17 GENERAL Sindh Sales Tax payable 324 339 NationalFigures have Investment been rounded Trust Limitedoff to the Pension nearest thousandFund rupees unless otherwise specified. 2,136,205 units held (June 30, 2017: 2,113,014 units) 168,119 176,944 Directors and key management personnel 87,167 units held (June 30, 2017: 146,427 units) 6,860 12,262
16 DATE OF AUTHORISATION FOR ISSUE For National Investment Trust Limited These condensed interim financial statements were(Managementauthorised Company)for issue on April 24, 2018 by the Board of Directors of the Management Company. The significant priorSd/- year's figures which have been reclassifiedSd/- consequent upon certain changesSd/- in current year's 17 GENERAL Managing Director Director Director Figures have been rounded off to the nearest thousand rupees unless otherwise specified.
30