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Annual Report 2018
Pakistan Telecommunication Company Limited Company Telecommunication Pakistan PTCL PAKISTAN ANNUAL REPORT 2018 REPORT ANNUAL /ptcl.official /ptclofficial ANNUAL REPORT Pakistan Telecommunication /theptclcompany Company Limited www.ptcl.com.pk PTCL Headquarters, G-8/4, Islamabad, Pakistan Pakistan Telecommunication Company Limited ANNUAL REPORT 2018 Contents 01COMPANY REVIEW 03FINANCIAL STATEMENTS CONSOLIDATED Corporate Vision, Mission & Core Values 04 Auditors’ Report to the Members 129-135 Board of Directors 06-07 Consolidated Statement of Financial Position 136-137 Corporate Information 08 Consolidated Statement of Profit or Loss 138 The Management 10-11 Consolidated Statement of Comprehensive Income 139 Operating & Financial Highlights 12-16 Consolidated Statement of Cash Flows 140 Chairman’s Review 18-19 Consolidated Statement of Changes in Equity 141 Group CEO’s Message 20-23 Notes to and Forming Part of the Consolidated Financial Statements 142-213 Directors’ Report 26-45 47-46 ہ 2018 Composition of Board’s Sub-Committees 48 Attendance of PTCL Board Members 49 Statement of Compliance with CCG 50-52 Auditors’ Review Report to the Members 53-54 NIC Peshawar 55-58 02STATEMENTS FINANCIAL Auditors’ Report to the Members 61-67 Statement of Financial Position 68-69 04ANNEXES Statement of Profit or Loss 70 Pattern of Shareholding 217-222 Statement of Comprehensive Income 71 Notice of 24th Annual General Meeting 223-226 Statement of Cash Flows 72 Form of Proxy 227 Statement of Changes in Equity 73 229 Notes to and Forming Part of the Financial Statements 74-125 ANNUAL REPORT 2018 Vision Mission To be the leading and most To be the partner of choice for our admired Telecom and ICT provider customers, to develop our people in and for Pakistan. -
SWOT Analysis of Ufone
Ufone Ufone GSM is a Pakistani GSM cellular service provider, It's one of five GSM Mobile companies in Pakistan, and is a subsidiary ofPakistan Telecommunication Company. After the privatization of PTCL, Ufone is now owned by Etisalat. Ufone has a subscriber base of 20.23 million as of September 2010. Ufone Cellular Company INTRODUCTION TO UFONE Ufone is a newly cellular company as compared to others like Mobilink, Zong(Paktel), Instaphone operating inPakistan, providing cellular services for Eight years now. Ufone services are offered by Pak Telecom Mobile Limited (PTML), a 100% owned subsidiary of Pakistan Telecommunication Company Limited (PTCL). Established to operate cellular telephony. The company commenced its operations, under the brand name of Ufone, from Islamabad on January 29, 2001. and subsequently extended its coverage to other cities i.e. Lahore, Karachi, Kohat, Jehlum,Gujranwala, Faisalabad, Sheikhopura. In addition to the road coverage on Peshawar-Islamabad-Lahore section. Till now its coverage has been extended to more than 750 cities. In Peshawar its operation were started on 7th of May, 2001. Ufone, the brand name of the service, has been a highly successful venture touching 120000 subscribers in less than four months of its operations. SWOT analysis of Ufone INTRODUCTION Ufone GSM is a Pakistani GSM cellular service provider. It is one of six GSM Mobile companies in Pakistan and is a subsidiary of Pakistan Telecommunication Company. The company commenced its operations under the brand name of Ufone from Islamabad on January 29 2001. U fone expanded its coverage and has added new cities and highways to its coverage network. -
Posted Issuer
Central Depository Company of Pakistan Limited Element Report Page# : 1 of 267 User : XKYFSI2 Report Selection : Posted Date : 04/11/2020 Element Type : Issuer Time : 06:02:58 Element ID : ALL Location : ALL Status : Active From Date : 01/01/1996 To Date : 04/11/2020 Element Id Element Code Element Name Phone / Fax Contact Name CDC Loc Role Code Maximum User Status Main A/c Address eMail Address Designation Client A/c CM Option No. Date -------- -------- ------------------------ ---------------------- --------------- --------- -------- ----------- -------- 00002 EFU GENERAL 2313471-90 ALTAF QAMRUDDIN KHI Active INSURANCE LIMITED GOKAL 3RD FLOOR, 2314288 CFO AND 08/06/1998 QAMAR HOUSE, CORPORATE M. A. JINNAH ROAD, SECRETARY KARACHI. 00003 HABIB INSURANCE 111-030303 SHABBIR A. KHI Active COMPANY LIMITED GULAMALI 1ST FLOOR, STATE 32421600 CHIEF 01/09/1997 LIFE BLDG. NO. 6, EXECUTIVE HABIB SQUARE, M. A. JINNAH ROAD, [email protected] KARACHI. et 00004 HAYDARI 2411247 ALI ASGHAR KHI Active CONSTRUCTION RAJANI COMPANY LIMITED MEZZANINE FLOOR, 2637965 CHIEF 10/03/2004 UBL BUILDING, EXECUTIVE OPP. POLICE HEAD OFFICER OFFICE, I.I CHUNDRIGAR ROAD, KARACHI. 00005 K-ELECTRIC LIMITED 38709132 EXT:9403 AMJAD MUSTAFA KHI Active Central Depository Company of Pakistan Limited Element Report Page# : 2 of 267 User : XKYFSI2 Report Selection : Posted Date : 04/11/2020 Element Type : Issuer Time : 06:02:58 Element ID : ALL Location : ALL Status : Active From Date : 01/01/1996 To Date : 04/11/2020 Element Id Element Code Element Name Phone / Fax Contact Name CDC Loc Role Code Maximum User Status Main A/c Address eMail Address Designation Client A/c CM Option No. Date -------- -------- ------------------------ ---------------------- --------------- --------- -------- ----------- -------- 1ST FLOOR, 32647159 MANAGER, 01/09/1997 BLOCK-A, CORPORATE AFFAIRS POWER HOUSE, [email protected] ELANDER ROAD, KARACHI 00006 MURREE BREWERY 5567041-7 CH. -
Pakistan Telecommunication Company Limited
VIS Credit Rating Company Limited www.vis.com.pk RATING REPORT Pakistan Telecommunication Company Limited REPORT DATE: RATING DETAILS October 05, 2020 Latest Rating Previous Rating Long- Short- Long- Short- Rating Category term term term term RATING ANALYSTS: Entity AAA A-1+ AAA A-1+ Talha Iqbal Rating Date October 05, 2020 October 11, 2019 [email protected] Rating Outlook Stable Stable Rating Action Reaffirm Reaffirm Asfia Aziz [email protected] COMPANY INFORMATION Incorporated in 1995 External auditors: KPMG Taseer & Hadi Co., Chartered Accountants. Public Listed Company Chief Executive Officer: Rashid Naseer Khan Board of Directors: - Mr. Shoaib Ahmad Siddiqui - Mr. Abdulrahim A. Al Nooryani - Mr. Rizwan Malik - Mr. Hatem Dowidar - Mr. Hesham Al Qassim - Mr. Khalifa Al Shamsi - Mr. Naveed Kamran Baloch - Syed Shabahat Ali Shah - Dr. Mohamed Karim Bennis APPLICABLE METHODOLOGY(IES) VIS Entity Rating Criteria: Corporates (May 2019) https://www.vis.com.pk/kc-meth.aspx VIS Credit Rating Company Limited www.vis.com.pk Pakistan Telecommunication Company Limited OVERVIEW OF THE INSTITUTION RATING RATIONALE Pakistan Pakistan Telecommunication Company Limited (PTCL) is the leading Integrated Information Telecommunication Communication Technology (ICT) Company in Pakistan, having the largest fixed-line network Company Limited in the country. The company’s products and services include voice services, high-speed (PTCL) was broadband internet, Fiber to the Home (FTTH) services, CharJi wireless internet, Smart TV incorporated in 1995 (IPTV) service, , Smart TV App and Touch App, digital-content streaming services like Netflix, and provides , and enterprise-grade platforms like Smart Cloud, Tier-3 Certified Data Centers, Managed and telecommunication Satellite Services. -
CFA Institute Research Challenge Hosted by CFA Society of Pakistan Institute of Business Administration – Karachi
CFA Institute Research Challenge hosted by CFA Society of Pakistan Institute of Business Administration – Karachi CFA Institute Research Challenge 2015-16 Institute of Business Administration (IBA) – Student Research This report is published for educational purposes only by [Oil & Gas Sector, Oil Marketing Company] Students competing in The CFA Institute Research Challenge. Pakistan Stock Exchange (PSX) Pakistan State Oil Date: 11/01/16 Current Price: 321.27 PKR/share Recommendation: BUY (33% upside) Ticker: PSO (PSX) Ticker: PSO PA (Bloomberg) PKR/USD: 105 Target Price: 428 PKR/share (4.08 USD) Market Profile Closing price (PKR) 321.27 PSO: Proxy for Pakistan’s economic revival 52-week price 283.75 - range (PKR) 415.40 We issue a BUY recommendation on Pakistan State Oil (PSO) with a one-year target price of PKR 428 using the Discounted Average daily Free Cash Flow to Firm (FCFF) and Relative Valuation Method. This offers a 33% upside from its closing price of PKR 321 volume (12M) 919,134 on January 11, 2016. PSO is one of the biggest and most liquid blue-chips on KSE with average daily volume being 0.34% As a % of shares of shares outstanding. Our investment thesis is based on PSO’s earnings growth, backed by volumes growth, outstanding 0.34% improving operating cash flows, and being a cheap blue-chip asset. PSO’s earnings growth is primarily driven by its volumetric sales growth during FY16-21 (CAGR: 12%) due to a changing energy mix, lower financing costs which will Dividend yield reduce over the years due to lower borrowings and positive operating cash flows. -
Valuation of Debt Securities by MUFAP As Per SECP Circular 33 of 2012 Dated Oct 24, 2012
Valuation of Debt Securities by MUFAP as per SECP Circular 33 of 2012 dated Oct 24, 2012 Rates of Debt Securities as of January 16, 2020 VALUATION OF RATED INVESTMENT GRADE DEBT SECURITIES Traded / Non- S.No. Code Name of TFCs / Sukuks Prices Traded GOVERNMENT GUARANTEED / AAA 1 BPPL/SUK/180117 BYCO PETROLEUM PAKISTAN LTD. - SUKUK (18-01-17) **** Non-Traded 98.3750 2 HBL/TFC/190216 HABIB BANK LTD. - TFC (19-02-16) **** Non-Traded 96.4817 3 NJHCL/SUK/290616 NEELUM JHELUM HYDROPOWER COMPANY (PVT) LTD. - SUKUK (29-06-16) **** Non-Traded 102.3975 4 WAPDA/SUK/141013 WAPDA - SUKUK (14-10-13) **** Non-Traded 103.2038 5 WAPDA/TFC/270913 WAPDA - TFC (27-09-13) **** Non-Traded 99.3750 RATED AA+ 6 JSCL/TFC/240616 JAHANGIR SIDDIQUI & COMPANY LTD. - TFC (24-06-16) **** Non-Traded 100.0000 7 JSCL/TFC/180717 JAHANGIR SIDDIQUI & COMPANY LTD. - TFC (18-07-17) **** Non-Traded 99.7000 8 JSCL/TFC/060318 JAHANGIR SIDDIQUI & COMPANY LTD. - TFC (06-03-18) Traded 99.1250 9 KEL/SUK/170615 K-ELECTRIC LTD. - SUKUK (17-06-15) Traded 100.8250 10 HUBCO/SUK/220819 THE HUB POWER COMPANY LTD. - SUKUK (22-08-19) Traded 100.8864 RATED AA 11 BAFL/TFC/200213 BANK ALFALAH LTD. - TFC (20-02-13) **** Non-Traded 100.0000 12 BAHL/TFC/170316 BANK AL-HABIB LTD. - TFC (17-03-16) Traded 100.0000 13 BAHL/TFC/061218 BANK AL-HABIB LTD. - TFC (06-12-18) **** Non-Traded 100.0000 14 DHCL/SUK/161117 DAWOOD HERCULES CORPORATION LTD. SUKUK (16-11-17) Traded 99.7400 15 DHCL/SUK/010318 DAWOOD HERCULES CORPORATION LTD. -
Annual Report 2016 3 OUR BUSINESSES
MAKING FOOD & ENERGY AVAILABLE, AFFORDABLE, SUSTAINABLE Dawood Hercules is a partner in Pakistan’s growth and prosperity, and this ethos serves as the foundation of our business operations. Energy, agriculture and food sectors are the strongest drivers of Pakistan’s economic growth, and are therefore the core areas of investment for our group. We are a holding company founded on family values. This allows us to deploy capital and invest in people and partnerships over a long period of time to solve two of the most pressing issues the world is facing today: making food and energy available, affordable and sustainable. CONTENTS 03 Vision 03 Purpose 08 Business ethics and core values 12 Performance highlights 16 Company information 20 Board of Directors 27 Committees 30 Operating Highlights 30 Six years at a glance 32 Horizontal analysis (Balance sheet) 34 Vertical analysis (Balance sheet) 36 Horizontal analysis (Profit & loss) 36 Vertical analysis (Profit & loss) 38 Statement of value addition 42 Notice of annual general meeting 60 Directors training programme 56 Directors’ Report 60 Related party transactions 56 Economic scenario 60 Future outlook 57 Business overview 61 Acknowledgment 58 Financial performance 66 Review report on statement of compliance 58 Earnings per share 67 Statement of compliance 58 Auditors 72 Financial Statements 58 Shares traded 73 Auditor’s report to the members 59 Pattern of shareholding 74 Financial statements 59 Market capitalization & book value 79 Notes to the financial statements 59 Appropriation 109 Consolidated -
Habibmetro Modaraba Management (AN(AN ISLAMICISLAMIC FINANCIALFINANCIAL INSTITUTION)INSTITUTION)
A N N U A L R E P O R T 2017 1 HabibMetro Modaraba Management (AN(AN ISLAMICISLAMIC FINANCIALFINANCIAL INSTITUTION)INSTITUTION) 2 A N N U A L R E P O R T 2017 JOURNEY OF CONTINUOUS SUCCESS A long term partnership Over the years, First Habib Modaraba (FHM) has become the sound, strong and leading Modaraba within the Modaraba sector. Our stable financial performance and market positions of our businesses have placed us well to deliver sustainable growth and continuous return to our investors since inception. During successful business operation of more than 3 decades, FHM had undergone with various up and down and successfully countered with several economic & business challenges. Ever- changing requirement of business, product innovation and development were effectively managed and delivered at entire satisfaction of all stakeholders with steady growth on sound footing. Consistency in perfect sharing of profits among the certificate holders along with increase in certificate holders' equity has made FHM a sound and well performing Modaraba within the sector. Our long term success is built on a firm foundation of commitment. FHM's financial strength, risk management protocols, governance framework and performance aspirations are directly attributable to a discipline that regularly brings prosperity to our partners and gives strength to our business model which is based on true partnership. Conquering with the challenges of our operating landscape, we have successfully journeyed steadily and progressively, delivering consistent results. With the blessing of Allah (SWT), we are today the leading Modaraba within the Modaraba sector of Pakistan, demonstrating our strength, financial soundness and commitment in every aspect of our business. -
National Clearing Company of Pakistan Limited 8Th Floor, Karachi Stock Exchange Building, Stock Exchange Road, Karachi
National Clearing Company of Pakistan Limited 8th Floor, Karachi Stock Exchange Building, Stock Exchange Road, Karachi NCCPL/CM/APRIL-19/12 April 19, 2019 Eligibility Review of Margin Eligible Securities – as per Approved Amendments in the NCCPL Regulations, 2015 Dear Clearing Members, This is with reference to NCCPL circular NCCPL/CM/APRIL-19/10 dated April 17, 2019 on approved amendments in the NCCPL Regulations, 2015 pertaining to Introduction of Category “B” of Margin Eligible Securities (“MES”). In this regard, in accordance with Schedule III of Chapter 12 of NCCPL Regulations, 2015 following changes will be applicable in MES Category A and Category B respectively effective from April 22, 2019: Haircut for MES category “A” and “B” Applicable Haircut on daily Applicable Haircut on daily VaR based Margin closing rate in Ready Market - closing rate in Ready Market- Bucket Category “A” Category “B” 00.00% to < 12.50% 15.00% 22.50% 12.50% to < 15.00% 17.50% 25.00% 15.00% to < 20.00% 22.50% 30.00% 20.00% to < 25.00% 27.50% 35.00% 25.00% to < 30.00% 32.50% 40.00% 30.00% to < 40.00% 42.50% 50.00% Greater than 40% 60.00% 60.00% Acceptable Quantity for MES category “A” and “B” Maximum No of shares in a Maximum No of shares in a VaR Based Margin symbol that may be deposited symbol that may be deposited Percentage as Collateral Category -A as Collateral Category -B VaR ≤ 20% 2% of Free-Float 1% of Free-Float VaR > 20% 0.5% of Free-Float 0.25% of Free-Float The above mention criteria of Category – B, Haircut and Acceptable quantity are not applicable on MTS and SLB Market. -
Download Report (2.86
Contents Company Information 1 Director's Report - English 2 Director's Report - Urdu 3 Uncolnsolidated Condensed Interim Balance Sheet 4 Uncolnsolidated Condensed Interim Profit & Loss Account 5 Uncolnsolidated Condensed Interim Statement of Other 6 Comprehensive Income Uncolnsolidated Condensed Interim Cash flow Statement 7 Uncolnsolidated Condensed Interim Statament of Changes in 8 Equity Uncolnsolidated Condensed Interim Financial Information 9 Consolidated Condensed Interim Balance Sheet 14 Consolidated Condensed Interim Profit & Loss Account 15 Consolidated Condensed Interim Statement of Other 16 Comprehensive Income Consolidated Condensed Interim Cash flow Statement 17 Consolidated Condensed Interim Statament of Changes in 18 Equity Consolidated Condensed Interim Financial Information 19 Company Information Board of Directors Services & Stakeholders Shares Registrar Committee Amir Abbassciy FAMCO Associates (Pvt) Limited Chairman Muhammad Raza Hasnani, 8-F, Next to Hotel Faran Chairman Nursery, Block - 6, P.E.C.H.S, Mohammad Wasi Khan Shahrah-e-Faisal, Karachi Chief Executive Officer Akhtar Hussain Malik, Member Tel: (92 21) 3438 0101 Muhammad Mahmood Hussain 3438 0102 Director Syed Arshad Raza, Fax: (92 21) 3438 0106 Member Akhtar Hussain Malik Director Registered Office Chief Financial Officer th Syed Arshad Raza 9 Floor, The Harbour Front, Director Asad Azhar Siddiqui Dolmen City, HC-3, Block-4, Marine Drive, Clifton, Karachi75600, Pakistan Muhammad Raza Hasnani Company Secretary Director Tel: (92 21) 111 222 081 Majid Muqtadir -
Lt Gen Tariq Khan, HI (M) (Retd), Is Chief Executive & Managing
Lt Gen Tariq Khan, HI (M) (Retd) Lt Gen Tariq Khan, HI (M) (Retd), is Chief Executive & Managing Director of Fauji Fertilizer Company Limited, FFC Energy Limited and Fauji Fresh n Freeze Limited and also holds directorship on the Boards of following: Fauji Fertilizer Bin Qasim Limited Askari Bank Limited Fauji Foods Limited Philip Morris (Pakistan) Limited Fauji Meat Limited FFBL Foods Limited FFBL Power Company Limited Thar Energy Limited Pakistan Maroc Phosphore S.A. He is Chairman of Sona Welfare Foundation (SWF) and Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) and member of the Board of Governors of Foundation University, Islamabad. The General was commissioned in Pakistan Army in April1977 with the coveted Sword of Honour. During his illustrious service in the Army, he had been employed on various prestigious command, staff and instructional assignments including command of a Strike Corps. He is a graduate of Command and Staff College Quetta and National Defence University Islamabad. He also holds Master Degree in War Studies. He has served on the faculty of Command and Staff College Quetta and National Defence University Islamabad. Since his retirement, he is on the honorary faculty of renowned institutions including National Defence University as a senior mentor. The General possesses vast experience as adviser to the leading corporate entities. He has been awarded Hilal-e-Imtiaz (Military) and is also the first Pakistan Army General who has been conferred upon the U.S ‘Legion of Merit’ by the U.S Government for his meritorious services as a senior representative at U.S CENTCOM in Tampa, Florida. -
Page 1 of 15 Page 1 of 15 Netsol Technologies Limited E-Credit of 25
Page 1 of 15 Page 1 of 15 NetSol Technologies Limited E-Credit of 25% Final Cash Dividend (D-6) For the Year Ended 30-06-2018 S.No(s) Warrant # CNIC/NICOP Shareholder Name Participant Id CDC Account Folio Number Bank Name Bank Branch Address International Bank Account Number Net Dividend Amount Address Dividend Status Reason Financial Year Date Of Issue Dividend Pay Date IBAN 1 60000001 35201-4723624-7 SALIM ULLAH GHAURI 1 ASKARI BANK LIMITED ASKARI BANK LIMITED BLOCK-Z, PHASE-III, COMMERCIAL, LAHORE. PK60ASCM0000270100011249 1,143,250.00 U-178, DHA, LAHORE, CANTT. Paid 2017-18 09/11/2018 09/11/2018 With IBAN 2 60000002 n/a NETSOL TECHNOLOGIES INC. 5 84,508,496.00 24025 PARK SORRENTO, SUITE 220 CALABASAS CA, 91302 U.S.A. Paid 2017-18 09/11/2018 09/11/2018 Without IBAN 3 60000003 42301-3653026-7 MR. IRFAN MUSTAFA 7 214,978.50 233- WIL SHINE BULEVARD, SUITE NO.930, SANTA MONIKA, CALIFORNIA 90401. Withheld Without IBAN 2017-18 09/11/2018 Without IBAN 4 60000004 352015-245672-5 NAEEM ULLAH GHAURI 10 MEEZAN BANK LIMITED MEEZAN BANK LIMITED Zahoor Elahi Road Branch, Lahore PK54MEZN0002540101452586 100.00 1 TOWN MEADOW, BRENTFORD, MIDDLESEX TW8 OBQ. ENGLAND. Paid 2017-18 09/11/2018 09/11/2018 With IBAN 5 60000005 35201-1630360-5 NAJEEB ULLAH GHAURI 11 ASKARI BANK LIMITED ASKARI BANK LIMITED BLOCK-Z, PHASE-III, COMMERCIAL, LAHORE PK28ASCM0000270100061780 498,312.00 H NO. 178-U, PHASE -2, DEFENCE HOUSING AUTHORITY, LAHORE CANTT, DISTRICT LAHORE. Paid 2017-18 09/11/2018 09/11/2018 With IBAN 6 60000006 35201-5861333-9 MR.