DOCSLIB.ORG

Corporate Survey 2006 for Web.Cdr

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Survey 2006 for Web.Cdr Corporate Philanthropy in Pakistan Survey of public listed companies 2006 An Exploratory Survey on the Nature and Dimensions of Corporate Giving in Pakistan Pakistan Centre for Philanthropy Pakistan Centre for Philanthropy Corporate Philanthropy in Pakistan Survey of public listed companies 2006 An Exploratory Survey on the Nature and Dimensions of Corporate Giving in Pakistan This survey has been funded by the Aga Khan Foundation (Pakistan). Aga Khan Foundation Pakistan Centre Pakistan for Philanthropy Any reproduction of this report without prior permission of PCP and AKF (P) is discouraged. Printed by Colorline Islamabad Cover and design, desktop composition and production management: Asad Zia, Pakistan Centre for Philanthropy, Islamabad Foreword F o r e w a r d I Acknowledgements This survey, the second follow up of the data cleaning and verification exercise. report, 'Corporate Philanthropy in A token of appreciation is also due to Pakistan: the case of public listed Asad Zia Iqbal for the cover design and companies' is another milestone layout. Special thanks to Mr. Eazaz A. towards promoting qualitative and Dar, Senior Programme Manager for quantitative research in Pakistan. This coordinating, guiding and leading the report and the survey is a result of entire effort and whose meticulous collective efforts of many individuals editing and final analytical review was without whom Pakistan Centre for instrumental in refining and finalising Philanthropy (PCP) would not have been the report. able to bring out this publication. PCP acknowledges gratefully the support of PCP owes its gratitude to Securities and all the Board members and the Exchange Commission of Pakistan guidance extended by Dr. Shamsh (SECP), Karachi Stock Exchange (KSE) Kassim-Lakha, Chairman PCP, and Arif Habib Securities (AHS) for throughout the duration of this project. providing the financial data as The Centre also owes its gratitude to contained in this document. The Centre Mr. Mahomad Jaffer, Chairman also owes gratitude to all the Research Committee and members, companies who dutifully verified and Syed Babar Ali, Mr. Mueen Afzal, Mr. provided additional relevant Shoaib Sultan Khan, Mr. Badaruddin F. information for the purpose of this Vellani, Dr. Attiya Inayatullah, Mr. Asad survey. Finally, a special mention of the Umar, Mian Ahsan M. Saleem and Mr. Aga Khan Foundation (Pakistan) whose Zaffar A. Khan. financial support made it possible to bring out this report. The overview, collection of data, insightful analysis and results as documented in this survey are a meticulous contribution of Kashmala Shahnaz Wazir Ali Shahab Kakakhel, Junior Programme Executive Director Officer Research. This report is an evidence of her sharp analytical skills and professional dedication. Credit is also due to staff members, Asad Zia Iqbal for data collection, graphical illustration and input in analysis and Syed Tariq Ali for his contribution to the A c k n o w l d g e m e n t s III Executive Summary Key Findings PLCs participation in giving increased from 54% in 1 2005 to 60% in 2006 Total donations increased 10 times from Rs.228 2 Million (US$ 3.8 million) in 2000 (base year) to Rs. 2.3 Billion (US$ 38.3 million) in 2006 Contributions jumped from Rs. 1.6 billion in 2005 to 3 Rs. 2.3 billion in 2006; about 1.5 times increase Top 25 giving companies contributed 73% of total 4 PLC giving in 2006 as compared to 68% in 2005 58% of top companies desired recognition. PCP's 5 instituted PCPA has led to more awareness and interest amongst the corporate sector Corporate philanthropy is on the rise but remains 6 mostly unorganised and undocumented and there is potential for more Key Findings PLCs continue to support causes related to health and 7 education E x e c u t i v e s u m m a r y V Contents I. Foreword i II. Acknowledgments iii III Executive summary iv 1. Context Corporate Social Responsibility 1 Corporate Philanthropy 2 Emerging trends of top giving PLCs in Pakistan 3 Pakistan Corporate Philanthropy Awards (PCPA) 6 2. The survey Methodology 7 The sample 8 Data collection and measurement 9 Limitations 10 3. Rankings Unusual philanthropic pattern continues 11 Donations if taken as 1% of Profit Before Tax (PBT) 12 Comparison with previous years 14 Donations by top 25 giving PLCs 16 Philanthropic contributions by top companies; individual rankings 18 Sector-wise giving 21 4. Looking ahead Conclusion 24 1 Context Corporate Social Responsibility C o n t e x t 01 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S 1 Corporate Social Responsibility”, accessed from http://strategis.ic.gc.ca/epic/sit e/csr- rse.nsf/en/h_rs00094ee.html, on September 14, 2007 2 Corporate Philanthropy Dr. Pamela Hartigan and Dr. Maximilian Martin(2004): Social Entrepreneurship: Understanding the New 3 Strategic Space for Social Emerging trends of top giving PLCs in Pakistan 4 Joe M. Ricks, Jr.(2002) :The Effects Of Strategic Corporate Philanthropy On Consumer Perception: An Experimental C o n t e x t 03 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S Figure 1 Documentation of CSR Policies by PLCs in Pakistan 15% 40% 45% Have a written CSR policy Do not have a written CSR policy In the process of making CSR policy 5 The Certification Programme seeks to bring transparency, accountability and good governance in the nonprofit sector in Pakistan. The first initiative of its kind in South Asia; it involves the evaluation of a nonprofit organisation on standardised parameters of internal governance, financial management and programme delivery. This voluntary assessment aims to enhance the NPOs' credibility and resultantly their access to funding. Through the allied activities of this programme, PCP promotes certified NPOs in an annual directory and on its website C o n t e x t 05 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S Pakistan Corporate Philanthropy Awards (PCPA) PCP's constant engagement with the criteria: volume of giving and donations corporate sector through its various as a percentage of profit before tax . programmes such as Research, Public PCPA emanated out of Corporate Private Partnerships (3Ps) in Education, Philanthropy in Pakistan: Survey of Public Philanthropy support services and Listed Companies for the years 2004 and Philanthropy Portal (2P) reveals that 2005 which has now become an annual companies do appreciate and are event. Similar awards will also be given desirous of recognition and incentives. for the year 2006 based on the rankings This statement has been confirmed by of this survey. It is hoped that these the fact that almost 60% of the top 20 awards will not only inculcate healthy giving companies were of the opinion competition among PLCs but will Government provision of greater contribute to a tradition of philanthropic incentives and recognition in the form of discourse and institutionalised CSR in awards to top givers, will encourage Pakistan. enterprises to become socially responsible members of society. 40% of the companies emphasised the importance of an enabling environment to foster high levels of philanthropy. Therefore, in an effort to recognise and honour the philanthropic endeavours of PLCs as well as to encourage business sector philanthropy across a wider spectrum in the country, PCP initiated the 'Pakistan Corporate Philanthropy Awards' (PCPA), first of its kind in Pakistan. Top three performing companies for the years 2004 and 2005 were awarded, based on two 2 The Survey Methodology 6 Cochrane and Wood, (1984): The impact of corporate behaviour on perceived T h e s u r v e y 07 T h e s u r v e y 09 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S Limitations 3 Rankings PLCs ranking are based on the following for the issue related to the varying sizes criteria: of PLCs. Since companies differ in size, lby total volume of donations turnover, level of profit, consequently the lby volume of donations as a donations also reflect a wider range. percentage of Profit Before Tax Therefore, as was done in the preceding (PBT) reports, to discount the size factor, 'donation as a percentage of PBT' as the Employing 'donations as a percentage second criteria has been employed for of profit before tax' as an indicator for the purpose of this survey as well. corporate commitment to giving factors Unusual Philanthropic Pattern Continues R a n k i n g s 11 C O R P O R A T E P H I L A N T H R O P Y I N P A K I S T A N : S U R V E Y O F P U B L I C L I S T E D C O M P A N I E S Table 2 Number of PLCs involved in CP YEAR 2006 2005 2004 2003 2002 2001 2000 329 299 283 287 282 268 263 NUMBER OF COMPANIES GIVING 546 551 552 568 565 551 500 TOTAL SAMPLE 60 54 51 50 49 48 52 PERCENTAGE OF SAMPLE INVOLVED IN CP Table 2 presents a timeline profile of the aforesaid years gave beyond their the PLC sector engaged in giving budgets in order to participate in over a period of seven years.
Load more

Recommended publications
  • World Bank Document
    INTRODUCTION ______________________________________________________________________ The International Finance Corporation (IFC), part of the World Bank Group, is in the business of reducing Public Disclosure Authorized poverty and encouraging economic development in poorer countries through the private sector. IFC carries out this mandate primarily by investing in a wide variety of private projects in developing countries, always investing with other sponsors and financial institutions. These projects are selected first and foremost for their ability to contribute to economic growth and development. Obviously, to contribute effectively to development in the long run, IFC’s private sector projects must also be financially successful. Companies that are not financially viable clearly cannot contribute to development. IFC and its partners are, therefore, profit-seeking and take on the same risks as any private sector investor. Thus all IFC projects are screened not only for their likely contributions to development but also for the likelihood of their financial success. This screening, as it happens, is not simple. Projects have complicated effects on an economy and, more generally, on society as a whole. Usually, for example, projects directly create productive employment and better jobs in the business being financed. But employment effects are spread much more widely, as Public Disclosure Authorized increased business goes to suppliers or retailers and as new business is created elsewhere in the economy by employees spending their wages and salaries. There are many such effects, each difficult, if not impossible, to isolate from the investment. Because of these difficulties, most of these effects are not normally included in project analysis or decisionmaking but are nonetheless important in a development context.
    [Show full text]
  • Daily Market Insights
    DAILY MARKET INSIGHTS 16-Oct-19 Change Index points KSE 100 INDEX PERFORMANCE OVERVIEW PKR % Change Closing KSE 100 Index 198 34,281 Contributing shares Closing Price - Rs. Pakistan Petroleum Limited.(XDXB) 2.73 2.44 39.81 114.61 Oil & Gas Development Company Ltd.(XD) 1.93 1.53 27.28 128.04 Pakistan State Oil Co Ltd.(XDXB) 4.24 3.00 19.63 145.80 Source: https://formerdps.psx.com.pk/ KSE 100 INDEX VOLUMES Today 94 5 days average 136 151 14 days average Millions Source: https://formerdps.psx.com.pk/ & Calculations of Kifayah Investment Management Limited Top most buyer Top most seller PORTFOLIO INVESTMENT SUMMARY Individuals Foreign Corporate Amount (Net) 193,157,194 (373,402,539) Buying / Selling sector wise composition All other Sectors 45.88% 3.18% Cement 14.37% 8.27% Oil and Gas Marketing Companies 10.71% 3.52% Textile Composite 2.67% 27.91% Commercial Banks 4.96% 22.12% Oil and Gas Exploration Companies 5.87% 18.80% Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily FOREIGN PORTFOLIO INVESTMENT TREND Today (287) (126) 5 days average (124) 14 days average Millions Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily & Calculations of Kifayah Investment Management Limited MATERIAL INFORMATION PKGS Disclosure of Interest by Executives; purchased 11,100 shares at Rs. 295 each. The joint venture of Kohat E.L comprising Oil and Gas Development Company Limited (OGDCL) as operator (50%), Mari Petroleum Company Limited (MPCL) (33.33%) & Saif OGDC Energy Limited (SEL) (16.67%) has discovered gas & condensate from its exploratory efforts at Well Tough-01.
    [Show full text]
  • PACRA Publications
    SPONSOR | EVOLUTION OF A BUSINESS BEYOND NUMBERS! Presented | LSE Third ANNUAL BUSINESS RESEARCH CONFERENCE ON MANAGING BUSINESS IN PAKISTAN | Apr15 Who Is Sponsor? ONE WHO HAS THE FINAL SAY! Why Sponsor Is Important? Sustainability Longevity [Competitive Standing] [Beyond Generations] WHENEVER A BUSINESS RUNS OUT OF SPONSOR, CHANCES OF SURVIVAL DIMINISHES! Fate of Businesses – Classic Example The 22 FAMILIES OF PAKISTAN [1968] Rest in Peace Jalil Fancy Valika Bawany Ispahani Winners Survivors Khyber Dawood Saigol Beco Arag Ali Adamjee Hafiz Habib Colony Milwala Nishat Crescent Karim Gul Ahmed Gandhara Dada Sustainability How to bring it to a business? Sponsor of a Sustainable Business CREATES A BALANCE Business • Consistent revenue generation Reward acumen • ABILITY Experience • Staying afloat in times of Knowledge & financial distress (related & Risk Understanding • ADEQUACY unrelated) Risk Reward ADEQUACY OF ABILITY Sustainability Cycle • Right Opportunity • Money • Risk & Reward • Ownership Identify Incubate Monitor Operate • Governance • Control • Alignment • Competitiveness Sustainability Longevity How to bring it to a business? Sponsor | Typical Lifecycle Strategic Entrepreneur Investor Shareholder Ownership Ownership Ownership Strategy Strategy Strategy Management Management Management What we loose along this lifecycle? • Willingness The Correct Approach Longevity Matrix IT IS POSSIBLE TO HAVE SAME SPONSOR STRENGTH WHILE MOVING ALONG THE LIFE CYCLE Succession planning Corporatize Sponsorship Challenges Business Management Let’s
    [Show full text]
  • Annual Report 2009 Toyota Tsusho Corporation
    Toyota Tsusho Corporation Annual Report 2009 Report Annual Corporation Tsusho Toyota Annual Report 2009 Toyota Tsusho Corporation es nging Tim Seeking New Value in Challe The Toyota Tsusho Group’s long-term vision is to generate balanced earnings from automotive and non-automotive fields by 2015. Guided by this vision, we are working Toyota Tsusho to reinforce and organically fuse four unique business platforms—Resources and the Environment, Processing and Manufacturing Businesses, Logistics, and Product and at a Glance Market Development—to provide value-added functions and services that are matched to customer needs, offer support solutions addressing issues faced by customers and to generate new value. Machinery & Electronics Division Automotive Division Consumer Products, Services & Materials Division Business Strategies for the Automotive Field 2015 50 01 Annual Report 2009 One of our key competitive advantages lies in our global processing and logistics functions in the automotive field, which are grounded on the keywords of “real places, real things, reality,” along with our overseas automobile sales network. In the fields of produce & foodstuffs, energy & chemicals and electronics, other major business assets of ours include the extensive networks we have cultivated and developed worldwide, and our expertise in conducting large-scale business projects that span many years. Metals Division Energy & Chemicals Division Produce & Foodstuffs Division ld otive Fie Non-Autom Business Strategies for the Automotive Field 50 02 Toyota Tsusho
    [Show full text]
  • Company Information
    Saifullah Chattha Albaraka Bank (Pakistan) Limited Allied Bank Limited Askari Bank Limited Bank Alfalah Limited Burj Bank Limited Citibank N.A. Dubai Islamic Bank Pakistan Limited Faysal Bank Limited Habib Bank Limited Industrial & Commercial Bank of China KASB Bank Limited MCB Bank Limited Meezan Bank Limited National Bank of Pakistan NIB Bank Limited Standard Chartered Bank (Pakistan) Limited Standard Chartered Modaraba Summit Bank Limited United Bank Limited Phase-II K-Electric Limited (Formerly: Karachi Electric Supply Company Limited) Brief Review I am pleased to present the un-audited accounts of K-Electric Limited (KE) for the half year ended 31 December 2013 on behalf of the Board of Directors. Key operational and financial results are summarized below: JUL-DEC JU L-DEC 2013 2012 OPERATIONAL (UNITS - GWh) Units generated (net of auxiliary ) 4,192 4,145 Units purchase d 3,690 3,661 Total units available for distributio n 7,882 7,806 Units billed 5,831 5,581 Transmission & Distribution Losse s % 26.0% 28.5% (PKR - MILLIONS ) F INANCIAL Restated Revenue 95,601 94,346 Profit before taxation 4,234 849 Taxation – net 484 2,326 Profit for the period 4,718 3,175 Earnings per share - BASIC/DILUT ED (Rupees) 0.17 0.11 Earnings before Interest ,Tax, Depreciation and 14,624 13,404 Amortization (EBITDA ) NAME CHANGE OF THE COMPANY With the completion of 100 years of its existence and to start a new century with a renewed identity and a strong resolve of bringing progress and success, the company has been re-named as “K-Electric Limited” after obtaining requisite statutory approvals and completing all corporate actions, effective from 16 January 2014.
    [Show full text]
  • COMMISSION of the EUROPEAN COMMUNITIES Brussels, 4.4.2006
    COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 4.4.2006 COM(2006) 158 final Proposal for a COUNCIL REGULATION amending Regulation (EC) No 397/2004 imposing a definitive anti-dumping duty on imports of cotton-type bed linen originating in Pakistan (presented by the Commission) EN EN EXPLANATORY MEMORANDUM 1) CONTEXT OF THE PROPOSAL • Grounds for and objectives of the proposal This proposal concerns the application of Council Regulation (EC) No 384/96 of 22 December 1995 on protection against dumped imports from countries not members of the European Community, as last amended by Council Regulation (EC) No 2117/2005 of 21 December 2005 (‘the basic Regulation’) in the proceeding concerning imports of cotton-type bed linen originating in Pakistan. • General context This proposal is made in the context of the implementation of the basic Regulation and is the result of an investigation which was carried out in line with the substantive and procedural requirements laid out in the basic Regulation. • Existing provisions in the area of the proposal There are no existing provisions in the area of the proposal. • Consistency with other policies and objectives of the Union Not applicable. 2) CONSULTATION OF INTERESTED PARTIES AND IMPACT ASSESSMENT • Consultation of interested parties Interested parties concerned by the proceeding have already had the possibility to defend their interests during the investigation, in line with the provisions of the basic Regulation. • Collection and use of expertise There was no need for external expertise. • Impact assessment This proposal is the result of the implementation of the basic Regulation. The basic Regulation does not foresee a general impact assessment but contains an exhaustive list of conditions that have to be assessed.
    [Show full text]
  • Protecting Gul Ahmed Fashion from the Threat of Customer Neglect
    Binary University of Management & Entrepreneurship Topic : Protecting Gul Ahmed Fashion from the threat of Customer Neglect in Pakistan Author Name: Nuslia Nushra Akhter Field: Master’s in Business Administration (2018) 0 PROTECTING GUL AHMED FASHION FROM THE THREAT OF CUSTOMER NEGLECT 1 Declaration I hereby certify that the work embodied in this Research Project (THESIS) is the result of original research and has not been submitted for a higher degree to any other University or Institution. NUSLIA NUSHRA AKHTER (Signed) 2 Acknowledgment I would like to take this opportunity to express my profound gratitude and deep regards to my Instructor, Mr. Farrukh Adeel for his exemplary guidance, monitoring and constant encouragement throughout the course. The support, help and guidance given by him and my family from time to time shall carry a long way in the journey of my life on which I am about to get on. I also take this opportunity to express a deep sense of gratitude to the employees of GUL AHMED for their support, valuable information and guidance, which helped me in completing this task through various stages. 3 Contents Abstract ........................................................................................................................................... 6 Chapter 1 Introduction .................................................................................................................. 7 1.1 Background of the Project ................................................................................................ 8 1.2
    [Show full text]
  • Companies Listed On
    Companies Listed on KSE SYMBOL COMPANY AABS AL-Abbas Sugur AACIL Al-Abbas CementXR AASM AL-Abid Silk AASML Al-Asif Sugar AATM Ali Asghar ABL Allied Bank Limited ABLTFC Allied Bank (TFC) ABOT Abbott (Lab) ABSON Abson Ind. ACBL Askari Bank ACBL-MAR ACBL-MAR ACCM Accord Tex. ACPL Attock Cement ADAMS Adam SugarXD ADMM Artistic Denim ADOS Ados Pakistan ADPP Adil Polyprop. ADTM Adil Text. AGIC Ask.Gen.Insurance AGIL Agriautos Ind. AGTL AL-Ghazi AHL Arif Habib Limited AHSL Arif Habib Sec. AHSM Ahmed Spining AHTM Ahmed Hassan AIBL Asset Inv.Bank AICL Adamjee Ins. AJTM Al-Jadeed Tex AKDCL AKD Capital Ltd AKDITF AKD Index AKGL AL-Khair Gadoon ALFT Alif Tex. ALICO American Life ALNRS AL-Noor SugerXD ALQT AL-Qadir Tex ALTN Altern Energy ALWIN Allwin Engin. AMAT Amazai Tex. AMFL Amin Fabrics AMMF AL-Meezan Mutual AMSL AL-Mal Sec. AMZV AMZ Ventures ANL Azgard Nine ANLCPS Azg Con.P.8.95 Perc.XD ANLNCPS AzgN.ConP.8.95 Perc.XD ANLPS Azgard (Pref)XD ANLTFC Azgard Nine(TFC) ANNT Annoor Tex. ANSS Ansari Sugar APL Attock Petroleum APOT Apollo Tex. APXM Apex Fabrics AQTM Al-Qaim Tex. ARM Allied Rental Mod. ARPAK Arpak Int. ARUJ Aruj Garments ASFL Asian Stocks ASHT Ashfaq Textile ASIC Asia Ins. ASKL Askari Leasing ASML Amin Sp. ASMLRAL Amin Sp.(RAL) ASTM Asim Textile ATBA Atlas Battery ATBL Atlas Bank Ltd. ATFF Atlas Fund of Funds ATIL Atlas Insurance ATLH Atlas Honda ATRL Attock Refinery AUBC Automotive Battery AWAT Awan Textile AWTX Allawasaya AYTM Ayesha Textile AYZT Ayaz Textile AZAMT Azam Tex AZLM AL-Zamin Mod.
    [Show full text]
  • Annual Report 2017 Oo Millat EQUIPMENT LIMITED
    ti _w W 3 r I «L mf&k iV 4 *# tM 02 VISION ■ttMMvll. 03 MISSION 04 COMPANY INFORMATION 06 NOTICE OF ANNUAL GENERAL MEETING 10 SIX YEARS AT A GLANCE 12 DIRECTORS' REPORT TO THE SHAREHOLDERS 26 PATTERN OF SHAREHOLDING 29 AUDITORS'REPORT TO THE MEMBERS 30 BALANCE SHEET 32 PROFIT AND LOSS ACCOUNT 33 STATEMENT OF COMPREHENSIVE INCOME 34 STATEMENT OF CHANGES IN EQUITY 35 CASH FLOW STATEMENT 36 NOTESTO AND FORMING PART OF THE FINANCIAL STATEMENTS 61 PROXY FORM 63 ELECTRONIC TRANSMISSION CONSENT tllllAT EQUIPMENT IIMITED Vision Aspired to reach and sustain at ultimate heights of value and excellence in engineering. v Annual Report 2017 oO MIllAT EQUIPMENT LIMITED Mission To be a preferred choice for customers and suppliers, competing in the domestic and overseas markets by continuously delivering value on a long term basis through a high performance team driven by innovation and adherence to Health, Safety and Environmental standards benefiting all stake holders. Illlll Mllllll JIU1J1 0 cr> 3 <uD> III O ««< o ««< Annual Report 2017 *3 6 muAr EouimtNr unirED —r "l t !.V Company Information BOARD OF DIRECTORS COMPANY SECRETARY Sikandar Mustafa Khan (Chairman) Mian Muhammad Saleem Ahsan Imran Shaikh (Chief Executive) Latif Khalid Hashmi CHIEF FINANCIAL OFFICER Sohail Bashir Rana Mudassar Siddique - ACA Laeeq Uddin Ansari Mian Muhammad Saleem AUDITORS Syed Muhammad Irfan Aqueel A.F. Ferguson & Co. Chartered Accountants BOARD AUDIT COMMITTEE Latif Khalid Hashmi LEGAL ADVISORS Laeeq Uddin Ansari Asjad Saeed Sohail Bashir Rana Advocate & Legal Consultants Annual Report 2017 REGISTERED ADDRESS PRINCIPAL BANKERS 8.8 km Lahore Sheikhupura Road, Habib Bank Limited Shahdara, Lahore.
    [Show full text]
  • Kifayah Market Insights 28 April 2021
    DAILY MARKET INSIGHTS 28-Apr-2021 Change Index points KMI 30 INDEX PERFORMANCE OVERVIEW PKR % Change Closing KMI 30 Index (437) 72,955 Contributing shares Closing Price - Rs. Oil & Gas Development Company Limited (2.42) (2.56) (135.40) 92.29 Pakistan Petroleum Limited (1.56) (1.84) (90.14) 83.19 Lucky Cement Limited (6.05) (0.70) (67.87) 854.12 KMI 30 INDEX VOLUMES Today 42 5 days average 58 59 14 days average Millions Source: https://formerdps.psx.com.pk/ & Calculations of Kifayah Investment Management Limited Top most buyer Top most seller PORTFOLIO INVESTMENT SUMMARY Other Organization Foreign Corporates Amount (Net) 566,619,364 (592,631,016) Buying / Selling sector wise composition Commercial Banks 85.94% 61.50% All other Sectors 5.20% 0.63% Technology and Communication 3.03% 8.32% Cement 0.13% 13.06% Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily FOREIGN PORTFOLIO INVESTMENT TREND Today (242) (163) 5 days average 20 14 days average Millions Source: https://www.nccpl.com.pk/en/market-information/fipi-lipi/fipi-normal-daily & Calculations of Kifayah Investment Management Limited MATERIAL INFORMATION Disclosure of Interest by a Substantial Shareholder, bought 3,950 shares at the average Packages Limited price of Rs. 473.19 each on 27 April 2021. The Company is pleased to announce the facility registration of its two new facilities from U.S. Food & Drug Administration duly verified by Registrar Corp, Virginia, USA. The Searle Company Limited This registration will enable Searle Company to export its consumer products, Dietary and Nutritional Supplements to the USA Makret.
    [Show full text]
  • Annual Report 2018
    ANNUAL REPORT 2018 Lighten Your World WITH THE BATTERY THAT LASTS........ ContentsContents 02 Vision Statement 03 Mission Statement 04 Corporate Information 07 Notice of 17th AGM Pattern of Directors’ Report 12 28 Shareholding Ten Years’ Auditors’ Report 30 Performance 37 to the Members Statement of Statement of 40 Financial Position 41 Profit or Loss & Other Comprehensive Income Statement of Statement of 42 Changes in Equity 43 Cash Flows Notes to the Proxy Form 44 Financial Statements 67 ANNUAL REPORT 2018 01 VISION TO BE TOP QUALITY BATTERY PRODUCING COMPANY IN PAKISTAN. ANNUAL REPORT 02 2018 Millat Industrial Products Limited MIPL MISSION TO PRODUCE TOP QUALITY BATTERY BY USING SKILLED LABOR ON SOPHISTICATED MACHINES AND BY UTILIZING BEST AVAILABLE MATERIALS TO ENSURE ENTIRE SATISFACTION OF CUSTOMERS AND STAKEHOLDERS. ANNUAL REPORT 2018 03 Corporate Information BOARD OF DIRECTORS CHIEF FINANCIAL OFFICER Sikandar Mustafa Khan (Chairman) Zeeshan Yousaf Sohail Bashir Rana Latif Khalid Hashmi AUDITORS Laeeq Uddin Ansari Ilyas Saeed & Co. Mian Muhammad Saleem Chartered Accountants Ahsan Imran Shaikh PRINCIPAL BANKERS CHIEF EXECUTIVE Habib Bank Limited Raafey Zaman Durrani United Bank Limited National Bank of Pakistan Bank Alfalah Limited COMPANY SECRETARY Mian Muhammad Saleem ANNUAL REPORT 04 2018 Millat Industrial Products Limited MIPL REGISTERED ADDRESS FACTORY 8.8 K.M., Lahore, 49 K.M., Off Multan Road, Sheikhupura Bhai Pheru Distt. Kasur. Road, Shahdara, Lahore. Ph: 049-4540128, 4540528 Ph: 042-111 200 786 Fax: 049-4540328 WEBSITE EMAIL ADDRESS www.millatbatteries.com [email protected] ANNUAL REPORT 2018 05 Mr. Sikandar Mustafa Khan Chairman Mr. Sohail Bashir Rana Mr. Latif Khalid Hashmi Mr.
    [Show full text]
  • Value-At-Risk and Expected Stock Returns: Evidence from Pakistan
    The Lahore Journal of Economics 19 : 2 (Winter 2014): pp. 71–100 Value-at-Risk and Expected Stock Returns: Evidence from Pakistan Javed Iqbal* and Sara Azher** Abstract This study investigates whether exposure to downside risk, as measured by value-at-risk (VaR), explains expected returns in an emerging market, i.e., Pakistan. We find that portfolios with a higher VaR are associated with higher average returns. In order to explore the empirical performance of VaR at the portfolio level, we use a time series approach based on 25 size and book-to-market portfolios. Based on monthly portfolio data for October 1992 to June 2008, the results show that VaR has greater explanatory power than the market, size, and book-to-market factors. Keywords: Value-at-risk, emerging market, Fama-French factors. JEL classification: C32, G32. 1. Introduction The most important implications of the capital asset pricing model (CAPM) (see Sharpe, 1964; Lintner, 1969; Black, Jensen, & Scholes, 1972) are that (i) the expected return on a risky asset is linearly and positively related to its systematic risk, and (ii) only the asset’s beta captures cross- sectional variations in expected stock returns; other variables have no explanatory power. However, the empirical evidence of the last few decades suggests that many alternative risk and nonrisk variables are able to explain average stock returns. These include size (Banz, 1981), the ratio of book equity to market equity (Fama & French, 1992, 1993, 1995, 1996; Stattman, 1980; Rosenberg, Reid, & Lanstein, 1985; Chan, Hamao, & Lakonishok, 1991), the price/earnings ratio (Basu, 1977), leverage (Bhandari, 1988), liquidity (Pastor & Stambaugh, 2003), and value-at-risk (VaR) (Bali & Cakici, 2004; Chen, Chen, & Chen, 2010).
    [Show full text]