1. Syed Khalid Siraj Subhani 2. Mian Asad Hayaud
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
December 2011 2Nd Quarter
growth through energy THE HUB POWER COMPANY LIMITED UNAUDITED QUARTERLY FINANCIAL STATEMENTS FOR THE SECOND QUARTER / HALF YEAR ENDED DECEMBER 31, 2011 Vision To be an energy leader – committed to deliver growth through energy. Mission To be a dynamic and growth – oriented energy company that achieves the highest international standards in its operations and delivers a fair return to its shareholders, while serving the community as a caring corporate citizen. C O N T E N T S THE HUB POWER COMPANY LIMITED PAGE Company Information 1 Report of the Directors 3 Auditors’ Review Report to the Members 5 Condensed Interim Unconsolidated Profit & Loss Account 7 Condensed Interim Unconsolidated Statement of 8 Comprehensive Income Condensed Interim Unconsolidated Balance Sheet 9 Condensed Interim Unconsolidated Cash Flow Statement 10 Condensed Interim Unconsolidated Statement of Changes in Equity. 11 Notes to the Condensed Interim Unconsolidated Financial Statements 12 THE HUB POWER COMPANY LIMITED and its Subsidiary Company Report of the Directors on the Consolidated Financial Statements 17 Condensed Interim Consolidated Profit & Loss Account 18 Condensed Interim Consolidated Statement of Comprehensive Income 19 Condensed Interim Consolidated Balance Sheet 20 Condensed Interim Consolidated Cash Flow Statement 21 Condensed Interim Consolidated Statement of Changes in Equity 22 Notes to the Condensed Interim Consolidated Financial Statements 23 COMPANY INFORMATION BOARD OF DIRECTORS M. A. Alireza H.I. (Chairman) Zafar Iqbal Sobani (Chief Executive) Dr. Fereydoon Abtahi Yousuf A. Alireza Robin A. Bramley Dr. Asif A. Brohi NBP Nominee Malcolm P. Clampin Taufique Habib Arshad A. Hashmi Qaiser Javed Iqbal Ahmed Khosa GOB Nominee Ali Munir Philippe F. -
SELF-DETERMINATION OUTSIDE the COLONIAL CONTEXT: the BIRTH of BANGLADESH in Retrospectt
SELF-DETERMINATION OUTSIDE THE COLONIAL CONTEXT: THE BIRTH OF BANGLADESH IN RETROSPECTt By VedP. Nanda* I. INTRODUCTION In the aftermath of the Indo-Pakistan War in December 1971, the independent nation-state of Bangladesh was born.' Within the next four months, more than fifty countries had formally recognized the new nation.2 As India's military intervention was primarily responsible for the success of the secessionist movement in what was then known as East Pakistan, and for the creation of a new political entity on the inter- national scene,3 many serious questions stemming from this historic event remain unresolved for the international lawyer. For example: (1) What is the continuing validity of Article 2 (4) of the United Nations Charter?4 (2) What is the current status of the doctrine of humanita- rian intervention in international law?5 (3) What action could the United Nations have taken to avert the Bangladesh crisis?6 (4) What measures are necessary to prevent such tragic occurrences in the fu- ture?7 and (5) What relationship exists between the principle of self- "- This paper is an adapted version of a chapter that will appear in Y. ALEXANDER & R. FRIEDLANDER, SELF-DETERMINATION (1979). * Professor of Law and Director of the International Legal Studies Program, Univer- sity of Denver Law Center. 1. See generally BANGLADESH: CRISIS AND CONSEQUENCES (New Delhi: Deen Dayal Research Institute 1972); D. MANKEKAR, PAKISTAN CUT TO SIZE (1972); PAKISTAN POLITI- CAL SYSTEM IN CRISIS: EMERGENCE OF BANGLADESH (S. Varma & V. Narain eds. 1972). 2. Ebb Tide, THE ECONOMIST, April 8, 1972, at 47. -
The Hub Power Company Limited 2
The Pakistan Credit Rating Agency Limited Rating Report Report Contents 1. Rating Analysis The Hub Power Company Limited 2. Financial Information 3. Rating Scale 4. Regulatory and Supplementary Disclosure Rating History Dissemination Date Long Term Rating Short Term Rating Outlook Action Rating Watch 21-Jun-2021 AA+ A1+ Stable Maintain - 29-Jun-2020 AA+ A1+ Stable Maintain - 27-Dec-2019 AA+ A1+ Stable Maintain - 27-Jun-2019 AA+ A1+ Stable Maintain - 27-Dec-2018 AA+ A1+ Stable Maintain - 29-Jun-2018 AA+ A1+ Stable Maintain - 22-Dec-2017 AA+ A1+ Stable Maintain - 20-Apr-2017 AA+ A1+ Stable Maintain - 20-Apr-2016 AA+ A1+ Stable Maintain - 29-Jun-2015 AA+ A1+ Stable Maintain - Rating Rationale and Key Rating Drivers The rating reflects the holding company character of Hubco with an exclusive focus on the different dimension of the energy sector. In addition to the investment book, Hubco itself is a large RFO based power plant. Hubco aims to expand generation capacity to boost the country's power generation by utilizing Pakistan's indigenous natural resources. Hubco is setting up two coal power plants (i) Thar Energy Limited (TEL): 330MW and (ii) Thalnova Power: 330MW, mine-mouth coal-fired power plants at Thar. Hubco also has an investment in Sindh Engro Coal Mining Company (SECMC) and China Power Hub Generation Co (CPHGC). Moving forward, Hubco is looking to explore growth opportunities in diversified areas including water desalination, renewable energy, upstream oil & gas, mining and infrastructure. Through Hub Power Holdings Ltd, a wholly owned subsidiary of Hubco, entered in JV agreement (50:50) with ENI, Pakistan’s employees to form Prime Int. -
FACTSHEET - AS of 01-Oct-2021 Solactive GBS Pakistan Large & Mid Cap USD Index PR
FACTSHEET - AS OF 01-Oct-2021 Solactive GBS Pakistan Large & Mid Cap USD Index PR DESCRIPTION The Solactive GBS Pakistan Large & Mid Cap USD Index PR is part of the Solactive Global Benchmark Series which includes benchmark indices for developed and emerging market countries. The index intends to track the performance of the large and mid cap segment covering approximately the largest 85% of the free-float market capitalization in the Pakistani market. It is calculated as a pricereturn index in USD and weighted by free-float market capitalization. HISTORICAL PERFORMANCE 1,200 1,000 800 600 400 200 Jan-2008 Jan-2010 Jan-2012 Jan-2014 Jan-2016 Jan-2018 Jan-2020 Jan-2022 Solactive GBS Pakistan Large & Mid Cap USD Index PR CHARACTERISTICS ISIN / WKN DE000SLA8Y15 / SLA8Y1 Base Value / Base Date 1139 Points / 08.05.2006 Bloomberg / Reuters / .SPKLMCUP Last Price 347.48 Index Calculator Solactive AG Dividends Not included Index Type Price Return Calculation 8:00 am to 10:30 pm (CET), every 15 seconds Index Currency USD History Available daily back to 08.05.2006 Index Members 13 FACTSHEET - AS OF 01-Oct-2021 Solactive GBS Pakistan Large & Mid Cap USD Index PR STATISTICS 30D 90D 180D 360D YTD Since Inception Performance -11.24% -18.75% -20.18% -6.01% -14.20% -69.49% Performance (p.a.) - - - - - -7.42% Volatility (p.a.) 17.33% 14.90% 15.54% 17.78% 16.87% 23.20% High 391.47 429.41 459.90 459.90 459.90 1310.60 Low 343.18 343.18 343.18 343.18 343.18 250.61 Sharpe Ratio -4.42 -3.83 -2.37 -0.36 -1.11 -0.33 Max. -
Pakistan: Arrival and Departure
01-2180-2 CH 01:0545-1 10/13/11 10:47 AM Page 1 stephen p. cohen 1 Pakistan: Arrival and Departure How did Pakistan arrive at its present juncture? Pakistan was originally intended by its great leader, Mohammed Ali Jinnah, to transform the lives of British Indian Muslims by providing them a homeland sheltered from Hindu oppression. It did so for some, although they amounted to less than half of the Indian subcontinent’s total number of Muslims. The north Indian Muslim middle class that spearheaded the Pakistan movement found itself united with many Muslims who had been less than enthusiastic about forming Pak- istan, and some were hostile to the idea of an explicitly Islamic state. Pakistan was created on August 14, 1947, but in a decade self-styled field marshal Ayub Khan had replaced its shaky democratic political order with military-guided democracy, a market-oriented economy, and little effective investment in welfare or education. The Ayub experiment faltered, in part because of an unsuccessful war with India in 1965, and Ayub was replaced by another general, Yahya Khan, who could not manage the growing chaos. East Pakistan went into revolt, and with India’s assistance, the old Pakistan was bro- ken up with the creation of Bangladesh in 1971. The second attempt to transform Pakistan was short-lived. It was led by the charismatic Zulfikar Ali Bhutto, who simultaneously tried to gain control over the military, diversify Pakistan’s foreign and security policy, build a nuclear weapon, and introduce an economic order based on both Islam and socialism. -
S # ISIN CFI Code
CFI Code (as Per SECURITY S # ISIN SECURITY NAME SECTOR NAME SECURITY TYPE STATUS new ISO) SYMBOL 1 PK0000201019 ESVUFR EFU GENERAL INSURANCE LIMITED EFUG Insurance Ordinary Shares Listed 2 PK0000301017 ESVUFR HABIB INSURANCE COMPANY LIMITED HICL Insurance Ordinary Shares Listed 3 PK0000401015 ESVUFR HAYDARI CONSTRUCTION CO. LIMITED HADC Miscellaneous Ordinary Shares Listed 4 PK0000501012 ESVUFR K-ELECTRIC LIMITED KEL Power Generation & Distribution Ordinary Shares Listed 5 PK0000601010 ESVUFR MURREE BREWERY COMPANY LIMITED MUREB Food & Personal Care Products Ordinary Shares Listed 6 PK0000701018 ESVUFR USMAN TEXTILE MILLS LIMITED USMT Textile Composite Ordinary Shares Listed 7 PK0001101010 ESVUFR PREMIER INSURANCE LIMITED PINL Insurance Ordinary Shares Listed 8 PK0001201018 ESVUFR DAWOOD LAWRENCEPUR LIMITED DLL Inv. Bank/Inv. Companies/Securities Co. Ordinary Shares Listed 9 PK0001301016 ESVUFR GLAXOSMITHKLINE PAKISTAN LIMITED GLAXO Pharmaceuticals Ordinary Shares Listed 10 PK0001401014 ESVUFR HUSEIN INDUSTRIES LIMITED HUSI Textile Composite Ordinary Shares Listed 11 PK0001701017 ESVUFR HAFIZ LIMITED HAFL Textile Composite Ordinary Shares Listed 12 PK0001901013 ESVUFR JUBILEE GENERAL INSURANCE COMPANY LIMITED JGICL Insurance Ordinary Shares Listed 13 PK0002001011 ESVUFR PAKISTAN CABLES LIMITED PCAL Cables & Electrical Goods Ordinary Shares Listed 14 PK0002101019 ESVUFR PAKISTAN ENGINEERING COMPANY LIMITED PECO Engineering Ordinary Shares Listed 15 PK0002201017 ESVUFR THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED PMRS Sugar & Allied -
NATIONAL ELECTRW POWER REGULATORY AUTHORITY ISLAMIC REPUBLIC of PAKISTAN REGISTRAR No. Mr. Iftikhar Ayub Khan, SU-701, Askari V
NATIONAL ELECTRW POWER REGULATORY AUTHORITY ISLAMIC REPUBLIC OF PAKISTAN NEPRA Tower, Attaturk Avenue (East) G-511, Islamabad - Phone: 9206500, Fax: 2600026 REGISTRAR Website: www.nepra.org.Dk, Email: infoneDra.orq.pk No. June 11,2021 Mr. Iftikhar Ayub Khan, SU-701, Askari V, Sector B Malir Cantonment, Karachi, Contact No. 0336-08 12250 Subject: Generation Licence No. DGL/13065/2021 Licence Application No. LAN-13065 Mr. IftIkhar Avub Khan, K-Electric Limited Reference. KEL 's letter No, KE/BPRINEPRA/2021/1073 dared 24. 05.2021('received on 26.05.2021) Enclosed please find herewith Generation Licence No. DGL/13065/202 1 granted by the National Electric Power Regulatory Authority to Mr. Iftikhar Ayub Khan for 5.020 kW photo voltaic solar based distributed generation facility located at SU-701, Askari V, Sector B, Malir Cantt, Malir Cantonment, Karachi, pursuant to NEPRA (Alternative & Renewable Energy) Distributed Generation and Net Metering Regulations, 2015. 2. Please quote above mentioned Generation Licence No. for future correspondence. Enclosure: Generation Licence (DGL/13065/2021) fl 0 € (Syed Safeer Hussain) Copy to: 1. Chief Executive Office, Alternative Energy Development Board, 2nd Floor, OPF Building, G-5/2, Islamabad. 2. Chief Executive Officer, K-Electric Limited, KE House, 39 B, Main Sunset Boulevard, DHA Phase-lI, Karachi. 3. Director General, Environment Protection Department, Government of Sindh, Complex Plot No. ST-2/1, Korangi Industrial Area, Karachi. National Electric Power Requlatory Authority (NEPRA) Islamabad—Pakistan GENERATION LICENCE No. DGL11306512021 The Authority hereby grants Generation Licence to Mr. lftikhar Ayub Khan, for 5.02 KW photovoltaic solar based distributed generation facility, having consumer reference number LB 237301, located at SU-701, Askari V, Sector B, Malir Cantt, Malir Cantonment, Karachi under the National Electric Power Regulatory Authority (Alternative & Renewable Energy) Distributed Generation and Net Metering Regulations, 2015 (the "A&RE Regulations") for a period of seven (07) years. -
Pakistan's Army
Pakistan’s Army: New Chief, traditional institutional interests Introduction A year after speculation about the names of those in the race for selection as the new Army Chief of Pakistan began, General Qamar Bajwa eventually took charge as Pakistan's 16th Chief of Army Staff on 29th of November 2016, succeeding General Raheel Sharif. Ordinarily, such appointments in the defence services of countries do not generate much attention, but the opposite holds true for Pakistan. Why this is so is evident from the popular aphorism, "while every country has an army, the Pakistani Army has a country". In Pakistan, the army has a history of overshadowing political landscape - the democratically elected civilian government in reality has very limited authority or control over critical matters of national importance such as foreign policy and security. A historical background The military in Pakistan is not merely a human resource to guard the country against the enemy but has political wallop and opinions. To know more about the power that the army enjoys in Pakistan, it is necessary to examine the times when Pakistan came into existence in 1947. In 1947, both India and Pakistan were carved out of the British Empire. India became a democracy whereas Pakistan witnessed several military rulers and still continues to suffer from a severe civil- military imbalance even after 70 years of its birth. During India’s war of Independence, the British primarily recruited people from the Northwest of undivided India which post partition became Pakistan. It is noteworthy that the majority of the people recruited in the Pakistan Army during that period were from the Punjab martial races. -
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. -
Engro Polymer & Chemcials Limited Prospectus for Issuance Of
ADVICE FOR INVESTORS INVESTORS ARE STRONGLY ADVISED IN THEIR OWN INTEREST TO CAREFULLY READ THE CONTENTS OF THIS PROSPECTUS, ESPECIALLY THE RISK FACTORS GIVEN AT SECTION 5 BEFORE MAKING ANY INVESTMENT DECISION. SUBMISSION OF FALSE AND FICTITOUS APPLICATIONS IS PROHIBITED AND SUCH APPLICATIONS’ MONEY MAY BE FORFEITED UNDER SECTION 87(8) OF THE SECURITIES ACT, 2015. Investment in equity securities involves a degree of risk and investors should not invest any funds in this offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision. For taking an investment decision, investors must rely on the examination of the issuer and the offer including the risks involved as disclosed in Section 5 of this prospectus ENGRO POLYMER & CHEMCIALS LIMITED PROSPECTUS FOR ISSUANCE OF PREFERENCE SHARES Date and place of Incorporation: Karachi, October 20, 1997 | Incorporation number: K-07013 | Registered office: 12th Floor, Ocean Tower, G-3, Scheme No. 5, Block 9, Clifton, Karachi |Website: https://www.engropolymer.com/ | Contact Number: +92 21 111-411-411 & +92 21 35166853 | Contact person: Syed Faraz Abbas Jaffri; E-mail: [email protected] | Contact person: Muhammad Bilal Ahmed; E-mail: [email protected] Issue Size: This Issue consists of 300,000,000 Preference Shares of face value of PKR 10/- each out of which 262,500,000 Preference Shares of face value of PKR 10/- each (87.5%) have been offered to and subscribed by Pre-IPO investors and 37,500,000 Preference Shares of face value of PKR 10/- each are being offered to the General Public at an Issue Price of PKR 10.00/- per share. -
Engro Food-Set
Half Year 2011 Accounts contents company information 2 directors’ report 4 auditors’ report to the members on review of consolidated condensed interim financial information 6 consolidated condensed interim balance sheet 7 consolidated condensed interim profit and loss account 8 consolidated condensed interim statement of comprehensive income 9 consolidated condensed interim statement of cash flows 10 consolidated condensed interim statement of changes in equity 11 notes to the consolidated condensed interim financial information 12 auditors’ report to the members on review of condensed interim financial information 22 condensed interim balance sheet 23 condensed interim profit and loss account 24 condensed interim statement of comprehensive income 25 condensed interim statement of cash flows 26 condensed interim statement of changes in equity 27 notes to the condensed interim financial information 28 Half Year 2011 Accounts 1 company information Board of Directors Auditors Asad Umar Chairman A. F. Ferguson & Co. Sarfaraz A. Rehman Chief Executive Officer Chartered Accountants Ruhail Mohammed Non-Executive Director Isar Ahmed Non-Executive Director Shahzada Dawood Non-Executive Director Mujahid Hamid Non-Executive Director Share Registrar Muhammed Amin Non-Executive Director M/s. FAMCO Associates (Private) Limited Ms. Spenta Kandawalla Non-Executive Director First Floor, State Life Building 1-A Abdul Samad Khan Non-Executive Director I.I. Chundrigar, Road, Karachi - 74000 Zafar Ahmed Siddiqui Non-Executive Director Bankers Chief Financial Officer & Company Secretary Al-Baraka Islamic Bank Limited Imran Anwer Allied Bank Limited Askari Bank Limited Bank Al-Falah Limited Members of Audit Committee Bank Al-Habib Limited Shahzada Dawood Chairman Bank of Punjab Ruhail Mohammed Member Burj Bank Limited Abdul Samad Khan Member Citibank N. -
Shariah Compliance Screening Report
Al-Hilal Shariah Advisors December 2016 Shariah Compliance Screening Report INSIDE Key Highlights ......................................................................................................................................... 3 Shariah Compliant Companies ............................................................................................................... 5 Shariah Non - Compliant Companies ...................................................................................................... 7 Suspended & Delisted Companies………………………………………………………………………………………………….....9 Approved Islamic Banks & Windows for Placements ........................................................................... 10 Screening Guidelines for Equity Securities ........................................................................................... 11 Purification Guidelines .......................................................................................................................... 12 Al-Hilal Shariah Advisors (Pvt.) Limited. (Formerly Fortune Islamic (Pvt.) Limited) P a g e | 2 Al-Hilal Shariah Advisors (Pvt.) Limited. (Formerly Fortune Islamic (Pvt.) Limited) 27 April, 2017 KEY HIGHLIGHTS We have conducted Shariah compliance screening of 524 selected companies listed on the Pakistan Stock Exchange as per their latest financial statements (December’16), on the basis of the Shariah compliance screening mechanism approved by our Shariah Supervisory Council headed by Mufti Irshad Ahmad Aijaz. Following are the results for