DOCSLIB.ORG

Profile – Mumtaz Hasan Khan

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Profile – Mumtaz Hasan Khan PROFILE – MUMTAZ HASAN KHAN Mr. Mumtaz Hasan Khan Chairman & CEO of Hascol Petroleum Limited has over 54 years experience in the Oil Industry. He started his working life in Burmah Shell Oil Storage and Distribution Company in May 1963 and worked there till January 1976, where his last assignment was International Sales Manager. From February 1976 to July 1980 he served as Managing Director, Pakistan Services Limited, which was the owning company of four Intercontinental Hotels in Pakistan. In August 1980 he moved to London to start his own oil trading business and established Hascombe Limited, which started trading in Crude Oil and Petroleum Products and was a major supplier of Petroleum products to Pakistan in the 1990’s. Hascombe bought crude and products from Middle Eastern sources and sold to major international trading companies like Shell and Elf. Under his leadership Hascol has been granted an oil marketing license in 2005 by the Government of Pakistan, and now Hascol has established a retail network of over 400 Petrol pumps and CNG stations from Karachi to Peshawar. Mr. Mumtaz Hasan Khan is also the Chairman of Hascol Terminals Limited. He is also a Trustee of the Foundation of Museum of Modern Art (FOMMA) and is on the Board of Pakistan Refinery Limited (PRL). Mr. Mumtaz Hasan Khan was a member of the Expert Energy Group which prepared the Country’s first Integrated Energy Plan in 2009. Office Address: Hascol Petroleum Limited “The Forum”, 1st Floor, Suite No.105-106, Khayaban-e-Jami, G-20, Block-9, Clifton, Karachi. PROFILE – FAROOQ RAHMATULLAH KHAN Farooq Rahmatullah is a law graduate from University of Peshawar. He joined Burmah Shell Oil and Distribution Company in 1968 and worked in different functions such as Human resources, Supply, Chemicals, Marketing, Distribution and Retail. He was transferred to Shell International London in 1994, he was appointed as a Manager in the Business Strategy Division and was involved in various portfolios covering over 140 countries. On his return in 1998,he was appointed as Head of Operations of Shell Pakistan and was responsible for Middle East and South Asia (MESA). In 2001 he was appointed as Chairman of Shell Companies in Pakistan and Managing Director of Shell Pakistan Limited. He has been a founding member of PAPCO (Pak Arab Pipeline Company Limited). He retired from Shell on June 30, 2006.He has also served as Director General of Civil Aviation Authority of Pakistan, Chairman of Oil and Gas Development Company Limited and Chairman of LEADS Pakistan. He has been Chairman of Pakistan Refinery Limited (PRL) since June, 2005. In addition to this, he is currently serving on the Board of Directors of Faysal Bank Ltd, Founding member of Pakistan Human Development Fund, director on the Board of Society for Sustainable Development, member of Resource Development Committee of Aga Khan University Hospital, member of National Commission of Government Reforms and member of Pakistan Stone Development Company. Office Address: Hascol Petroleum Limited “The Forum”, 1st Floor, Suite No.105-106, Khayaban-e-Jami, G-20, Block-9, Clifton, Karachi. PROFILE – NAJMUS SAQUIB HAMEED Mr. Najmus Saquib Hameed, Honorary Vice Chairman and CEO of Layton Rahmatullah Benevolent Trust (LRBT) has over 50 years experience in senior management positions in various multinational companies like Unilever, British American Tobacco Company (Plc) and Pakistan Tobacco where he retired as Chairman of the Company. Since his retirement he has been the CEO and Chairman of Layton Rahmatullah Benevolent Trust (LRBT) which is one of the largest charitable organizations in Pakistan providing free eye care to over 2.9 million patients per annum through a 19 hospitals and network of 56 clinics all over Pakistan. He has also served as Chairman of Cigarette Manufacturers Association of Pakistan and Chairman, Board of Governors, Indus Valley School of Art and Architecture, Karachi. Office Address: The Layton Rahmatullah Benevolent Trust 37-C, Sunset Lane No.4 Phase – II Extension, 24th Commercial Street D.H.A Karachi Tel: 9221 35396600-5 PROFILE – LIAQUAT ALI Mr. Liaquat Ali is a Chartered Accountant by profession and a fellow member of the Institute of Chartered Accountants of Pakistan (ICAP). He has over 23 years of experience in leasing and investment banking field and has completed numerous transactions including restructuring of companies, merger and acquisition. Mr. Liaquat Ali is the Managing Partner of Liaquat Zaman, Chartered Accountants. He is also a member of the Benevolent Fund committee of ICAP. In addition to this, he is currently serving on the Board of Directors of Hascol Petroleum Limited, Sindh Microfinance Bank Limited, and Marshal Gas (Private) Limited. Office Address: Liaquat Zaman – Chartered Accountants 407, Progressive Plaza, Beaumont Road, Karachi. PROFILE – SALEEM BUTT Mr. Saleem Butt, Executive Director of Hascol Petroleum Limited, has 25 years diverse career span in Finance, Corporate Affairs, Supply Chain, Sales, Management, Human Resources, Administration, IT and ERP Project implementation. His career commenced with a Chartered Accountant firm which is now a part of Price Water House Coopers in Pakistan; where he worked for six years. Then he served Shell for 14 years, where his illustrious career grew in various Shell group Companies in Pakistan and overseas. He was offered an opportunity and provided his services to Emaar Pakistan Group, a subsidiary of Emaar Properties PJSC, UAE as Chief Operating Officer. He is currently employed with Hascol as an Executive Director. In addition he is currently serving on the Board of Directors of Hascol Terminals Limited and Hascol Lubricants (Pvt.) Limited. Academically, Mr. Saleem Butt is a Chartered Accountant. He was awarded an Associate membership of the Institute of Chartered Accountants of Pakistan further obtaining a Fellow membership in 2004. Office Address: Hascol Petroleum Limited “The Forum”, 1st Floor, Suite No.105-106, Khayaban-e-Jami, G-20, Block-9, Clifton, Karachi. PROFILE – ABDUL AZIZ KHALID Mr. Abdul Aziz Khalid has joined the Board of the Company as nominee Director of Vitol Dubai Limited. Mr. Aziz is working as Business Development Director in Vitol. He possesses a vast experience as being affiliated with oil industry especially in Middle east and has worked for renowned companies such as Libyan Emirates Oil refining company and AlGhurair. Mr. Aziz holds a CPA from Australia and completed his Bachelors from Griffith University. Office Address: Vitol Dubai Limited Level 5, Precinct Building 2, Dubai International Financial Centre, P.O. Box 506514, Dubai, United Arab Emirates PROFILE – PAUL HIMSWORTH Paul Himsworth is Managing Director of Vitol Dubai having transferred from Vitol Ghana in 2015 where he was responsible for both Upstream and Downstream commercial activities. He has over 35 years in the oil business having worked in Finance, Retail, Commercial and Trading activities. He joined Vitol in 2010 to manage their activities in Ghana and was based in Accra. Prior to joining Vitol he worked for Conoco Phillips for 26 years, initially in Conoco’s UK treasury and commercial division before moving to the crude oil trading group. After a number of years trading North Sea, Mediterranean and Dubai crude oil he moved to Houston in 1998 to manage US Gulf Coast and domestic crude trading and supply. He returned to London in 2002 to manage the crude oil trading desk and worked closely with Upstream to develop both the operational and marketing strategies for new crude discoveries. In 2010 he joined Vitol. He is currently resident in Dubai and holds a Law degree. Office Address: Vitol Dubai Limited Level 5, Precinct Building 2, Dubai International Financial Centre, P.O. Box 506514, Dubai, United Arab Emirates .
Load more

Recommended publications
  • Annual Accounts Dec 31,2015
    03 Vision 04 Mission 05 Corporate Information 07 Zero Harm Charter 10 Corporate Objectives, Business Strategy 15 Chairman’s Review 17 Directors’ Report 21 Pattern of Shareholding 25 Six Years’ Key Operational and Financial Data 26 Notice of AGM 31 Statement of Compliance with the Code of Corporate Governance Contents 34 Review Report to the Members on Statement of Compliance with the Code of Corporate Governance 37 Auditors’ Report to the Members on Unconsolidated Financial Statements 39 Unconsolidated Financial Statements 44 Notes to the Unconsolidated Financial Statements 80 Auditors’ Report to the Members on Consolidated Financial Statements 81 Consolidated Financial Statements 86 Notes to the Consolidated Financial Statements 121 Form of Proxy Vision To develop a robust foundation of an Oil Marketing Company, with a well respected and a reputed brand, using innovative ways of doing businesses in alignment with best business practices and our "Zero Harm Charter". 03 HASCOL Annual Report - 2015 Annual Report Mission To ethically compete within our oil industry gaining recognition for product innovation and recognition, outperforming competitors on the basis of environmental sustainability, operational excellence and valuing human resources in the highly competitive oil marketing industry. 04 HASCOL Annual Report - 2015 Annual Report Corporate Information 05 Chairman & C.E.O Audit Committee Human Resource Committee HASCOL Mr. Mumtaz Hasan Khan Mr. Sohail Hasan (Chairman) Mr. Najmus Saquib Hameed (Chairman) Mr. Liaquat Ali (Member) Mr. Mumtaz Hasan Khan (Member) Directors Mr. Najmus Saquib Hameed (Member) Mr. Liaquat Ali (Member) Dr. Akhtar Hasan Khan Mr. Farooq Rahmatullah Khan Strategy Committee Auditors Annual Report - 2015 Annual Report Mr.
    [Show full text]
  • Stakeholders Engagement
    Stakeholders Engagement SHARE HOLDERS EMPLOYEES LOCAL COMMUNITY ECONOMIC Enhance Through SUSTAINABLE CUSTOMERS SUPPLIERS ARL GROWTH STRATEGY AL SOCIAL ONMENT ENVIR SOCIETY GOVERNMENT AGENCIES Our Approach ARL stakeholders' engagement is based on the forums. In addion ARL policies, procedures and idenficaon of material issues in the society pracces provide equal growth opportunity to all e c o n o m y a n d e n v i r o n m e n t a n d t h e i r its stakeholders through a cyclic feedback corresponding impacts on its partners. mechanism. Stakeholders having similar interests are grouped together while defining stakeholders. This approach helps in creang & promong synergec relaonships with our valued ARL strategy is always focused towards it unshaken stakeholders and to meet their expectaons commitment for doing fair business followings its proficiently. core values and involving its stakeholders at all Stakeholder Engagement Cycle Compile Determine sustainability materiality issues issues and 01 03 corresponding 05 aspects Idenfy our 02 Invesgate the 04 Provide stakeholders stakeholders’ responses on degree of concern key concerns and the impact on ARL’s operaons G4-24,25,26 Expansion & Sustainability Celebrang 2017 Up-gradaon 21 Report Shareholders Key Concerns Maximum throughput of refinery, Timely payment of Instuonal Shareholders: Banks, Financial dividends & bonus shares, Sharing of social, Instuons, Non Banking Financial Instuons, environmental and financial statements for accountability Insurance and Investment Companies, Joint Stock of sustainable development, Compliance to the code of Companies, Associate Companies etc. corporate governance and materiality principles, Private Shareholders: Private and small investors. Increasing value of market share, safe operaons of the refinery, Value addion, Transparency.
    [Show full text]
  • Newsletter 74
    Quarterly Newsletter Central Depository Company A RICH NATION Gems Mining Gold Mining Salt Mining Coal Mining Nature has bestowed Pakistan with generous treasures of size emeralds in South Asia. Recently, a 2500 year old earring gemstones which make Pakistan prominent in the mineral was found in France to have an emerald that originated most world. The world's most desired colored gemstones, such as likely in these Mingora mines. Sometimes locals have also Ruby, Emerald, Sapphire, Topaz, Aquamarine, Peridot, found this gemstone in the Swat River. Amethyst, Morganite, Zoisite, Spinel, Sphene, and Tourmaline, are found in Pakistan. The northern and northwestern parts of Being the sole depository in Pakistan, established and Pakistan are shrouded by the three world-famous mountain functioning since the last two decades, CDC has a scintillating ranges of Hindukush, Himalaya, and Karakorum. In these prominence in the Capital Market of Pakistan. It is undoubtedly mountains are found nearly all the minerals Pakistan currently a precious gemstone of the Capital Market infrastructure, with offers to the world market, including these precious gemstones. an excellent reputation and legacy of upholding the principles of reliability, trust and integrity. CDC’s perseverance to One of these enthusiastically glittering gems, Swat Emerald, is maintain and ensure complete investor confidence and its hexagonal in shape and has transparent, deep sea green colour. providence to stay abreast with technological advancement The Mingora mines in Swat Valley host some of the best, small makes it a unique gemstone of the Pakistan Capital Market. Head Office: Lahore Branch: CDC House, 99-B, Block ‘B’, S.M.C.H.S., Main Mezzanine Floor, South Tower, LSE Plaza, 19 Shahrah-e-Faisal, Karachi - 74400.
    [Show full text]
  • SECTOR UPDATE Oil Marketing Companies OCTOBER 2017
    JCR-VIS SECTOR UPDATE Oil Marketing Companies OCTOBER 2017 INDUSTRY STRUCTURE Since 2016, Oil and Gas Regulatory Authority (OGRA) has issued 11 new marketing licenses taking the total number of Oil Marketing Companies (OMCs) to 22 (FY16: 11) as at end-FY17. OGRA also granted 12 construction licenses to new firms. Subject to compliance with regulatory requirement for storage capacity, these licenses may be converted to marketing licenses in coming years. Despite new entrants, industry structure has remained at a semi-oligopolistic level, with few players dominating the market. Table 1: Oil marketing licenses holders Name Permitted Region 1 Pakistan State Oil Company Limited (PSO) Nationwide 2 Shell Pakistan Limited (Shell) Nationwide 3 Attock Petroleum Limited (APL) Nationwide 4 Byco Petroleum Pakistan Limited (Byco) Nationwide 5 Admore Gas Private Limited (Admore) Nationwide 6 Total Parco Marketing Limited (TPML) Nationwide 7 Total Parco Pakistan Limited (TPPL) Nationwide 8 Bakri Trading Company Limited (BTCPL) Nationwide 9 Hascol Petroleum Limited (Hascol) Nationwide 10 Askari Oil Services Private Limited (AOSPL) Punjab & KPK 11 Zoom Petroleum Private Limited (ZOOM) Punjab New OMCs 12 Hi-Tech Lubricants Limited (HTL) Nationwide 13 Exceed Petroleum Private Limited (XPPL) Punjab 14 Horizon Oil Company (Private) Limited (HOCPL) Punjab 15 Quality-1 Petroleum (Private) Limited (QPPL) Punjab 16 Outreach (Private) Limited (OPL) Punjab 17 Z&M Oils (Private) Limited (ZOPL) Punjab 18 Oilco Petroleum (Private) Limited (OPPL) Punjab 19 Gas & Oil Pakistan Private Limited (GO) Punjab & Sindh 20 Petrowell (Private) Limited (PETRO) Sindh 21 Kepler Petroleum (Private) Limited (KPL) Sindh 22 Fast Oil Company (Private) Limited (FOCL) Sindh During FY17, Pakistan State Oil Company Limited (PSO) retained its position as the largest OMC with a market share of 54.4%, though declining over past three fiscal years.
    [Show full text]
  • NBP Islamic Sarmaya Izafa Fund Download
    NBP ISLAMIC SARMAYA IZAFA FUND NBP Islamic Sarmaya Izafa Fund MISSION STATEMENT To rank in the top quartile in performance of NBP FUNDS relative to the competition, and to consistently offer Superior risk-adjusted returns to investors. 01 NBP Islamic Sarmaya Izafa Fund FUND'S INFORMATION 03 DIRECTORS' REPORT 05 REPORT OF THE TRUSTEE TO THE UNITHOLDERS 09 INDEPENDENT AUDITORS' REVIEW REPORT TO THE UNITHOLDERS 10 Contents CONDENSED INTERIM STATEMENT OF ASSETS AND LIABILITIES 11 CONDENSED INTERIM INCOME STATEMENT 12 CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME 13 CONDENSED INTERIM STATEMENT OF MOVEMENT IN UNIT HOLDERS' FUND 14 CONDENSED INTERIM CASH FLOW STATEMENT 15 NOTES TO AND FORMING PART OF THESE CONDENSED INTERIM FINANCIAL INFORMATION 16 02 NBP Islamic Sarmaya Izafa Fund FUNDS INFORMATION Management Company NBP Fund Management Limited - Management Company Board of Directors of Management Company Shaikh Muhammad Abdul Wahid Sethi Chairman Dr. Amjad Waheed Chief Executive Officer Ms. Mehnaz Salar Director Syed Hasan Irtiza Kazmi Director Mr. Ali Saigol Director Mr. Imran Zaffar Director Mr. Khalid Mansoor Director Mr. Humayun Bashir Director Mr. Saad Amanullah Khan Director Company Secretary & COO Mr. Muhammad Murtaza Ali Chief Financial Officer Mr. Khalid Mehmood Audit & Risk Committee Mr. Saad Amanullah Khan Chairman Syed Hasan Irtiza Kazmi Member Mr. Imran Zaffar Member Mr. Humayun Bashir Member Human Resource Committee Mr. Khalid Mansoor Chairman Shaikh Muhammad Abdul Wahid Sethi Member Mr. Ali Saigol Member Mr. Humayun Bashir Member Strategy & Business Planning Committee Mr. Humayun Bashir Chairman Ms. Mehnaz Salar Member Mr. Ali Saigol Member Mr. Imran Zaffar Member Mr. Saad Amanullah Khan Member Trustee Central Depository Company of Pakistan Limited CDC House, 99-B, Block "B" S.M.C.H.S., Main Shahra-e-Faisal, Karachi.
    [Show full text]
  • Shariah Compliance Screening Report
    Al-Hilal Shariah Advisors JUNE 2017 Shariah Compliance Screening Report Al-Hilal Shariah Advisors (Pvt.) Limited. INSIDE Key Highlights ................................ .......................................................................................................... 4 Shariah Compliant Companies ................................ ............................................................................... 8 Shariah Non - Compliant Companies .................................................................................................... 10 Suspended & Delisted Companies…………………………………………………………………………………………………...12 Approved list of Sukuk………………………………………………………………………………………………….....................13 Approved Islamic Banks & Windows for Placements……………….……………………………………………………….14 Approved list of charitable orginizations ............................................................................................. 15 Screening Guidelines for Equity Securities ........................................................................................... 16 Purification Guidelines .......................................................................................................................... 16 P a g e | 2 Al-Hilal Shariah Advisors (Pvt.) Limited. P a g e | 3 Al-Hilal Shariah Advisors (Pvt.) Limited. 14 July, 2017 KEY HIGHLIGHTS We have conducted Shariah compliance screening of 554 selected companies listed on the Pakistan Stock Exchange as per their latest financial statements (June’17), on the basis of the Shariah compliance
    [Show full text]
  • All Share Islamic Index for the Period Ended December 2020 (Complete Ratios)
    FINAL RECOMPOSITION LIST- KMI-ALL SHARE ISLAMIC INDEX FOR THE PERIOD ENDED DECEMBER 2020 (COMPLETE RATIOS) Income Ratio / Illiquid Assets Net Liquid Share Price as Debt Ratio Investment Ratio Charity Rate Final Shariah No. Ticker Company Name Objective Ratio (IA/TA => Assets Ratio of December (D/A < 37%) (NCInv/TA < 33%) (NCInc/TR < Status 25%) (NLA < P) 31st 2020. 5%) 1 AABS Al-Abbas Sugar Mills Ltd Compliant 20.40% 30.72% 1.51% 44.61% 28.78 335.97 Compliant1 2 ABOT Abbott Lab (Pakistan) Ltd Compliant 3.28% 0.00% 0.93% 57.65% 12.54 755.37 Compliant 3 ACPL Attock Cement Pakistan Ltd * Compliant 15.03% 0.00% 0.04% 75.01% (29.21) 0 Compliant 4 AGIL Agriauto Industries Ltd * Compliant 0.24% 7.64% 0.52% 60.96% 53.75 234.25 Compliant 5 AGP AGP Limited Compliant 0.00% 0.00% 0.18% 86.28% (2.08) 0 Compliant 6 AGSML Abdullah Shah Ghazi Sugar Mills Compliant 16.05% 0.00% 0.00% 97.50% (42.42) 0 Compliant1 7 APL Attock Petroleum Ltd * Compliant 11.51% 4.71% 0.65% 56.75% (89.84) 0 Compliant 8 ASC Al Shaheer Corporation Ltd * Compliant 20.21% 0.00% 0.02% 62.15% 1.35 15.54 Compliant 9 ASTM Asim Textile Mills Ltd * Compliant 0.00% 1.34% 0.50% 76.19% (37.60) 0 Compliant 10 ATBA Atlas Battery Ltd * Compliant 19.74% 1.65% 0.13% 81.65% (70.12) 0 Compliant 11 PREMA At-Tahur Limited * Compliant 9.11% 0.00% 0.06% 86.55% (2.40) 0 Compliant 12 ATLH Atlas Honda Ltd * Compliant 1.85% 15.76% 1.41% 42.78% 6.61 500 Compliant1 13 ATRL Attock Refinery Ltd * Compliant 7.34% 0.00% 0.72% 69.84% (225.01) 0 Compliant 14 BATA Bata (Pakistan) Ltd Compliant 32.38% 12.10% 0.39% 63.64% (335.99) 0 Compliant 15 BGL Balochistan Glass Ltd * Compliant 27.62% 0.00% 0.01% 90.81% (5.28) 0 Compliant 16 BIFO Biafo Industries Ltd * Compliant 20.62% 11.92% 0.86% 64.26% 3.41 154.2 Compliant 17 BWCL Bestway Cement Ltd * Compliant 17.91% 15.32% 1.73% 76.32% (23.96) 0 Compliant 18 CEPB Century Paper & Board Mills * Compliant 29.53% 0.00% 0.14% 79.85% (37.04) 0 Compliant 19 CHCC Cherat Cement Co.
    [Show full text]
  • List of Companies
    List of Companies S.No. Company Name S.No. Company Name 1 3M Pakistan Pvt. Limited 41 Bayer Pakistan (Pvt) Ltd. (G) 2 A.F.Ferguson & Co. 42 Berger Paints Pakistan Ltd 3 Abacus Consulting (Pvt) Ltd 43 Bestway Cement 4 Abbott Laboratories (Pakistan) Limited 44 BHP Billiton 5 ACE Insurance Limited Pakistan 45 Bosch Pharmaceuticals Pvt Limited 6 Adamjee Insurance Company Limited (Nishat Group) 46 BP Pakistan Exploration & Production, Inc. 7 Agha Khan Group 47 British Council 8 Aitchison College 48 Brookes Pharmaceutical Laboratories (Pakistan) Limited 9 Akzo Nobel Pakistan Limited 49 Buxly Paints 10 Al Ghazi Tractors Ltd ( offices in service area only ) 50 Central Depository Company 11 Albarka Bank 51 Century Paper & Board Mills 12 Alcatel Pakistan Limited 52 Century Publications Private Limited 13 Ali Institute of Education 53 China Mobile (Zong) 14 All Abu Dhabi Group Companies 54 CitiBank 15 All Embassies & Consulates in Pakistan 55 Civil Services Academy 16 All Organizations of United Nations 56 Civil Aviation Authority 17 Allama Iqbal Medical College 57 Clariant Pakistan Ltd 18 Allied Bank Limited 58 Clover Pakistan Ltd. 19 Anjum Asim Shahid Rahman & Co. 59 Coca Cola Beverages Pak. Ltd. 20 Arif Habib Securities Ltd 60 Coca Cola Export Corp. – Lhr 21 Armed Forces 61 Colgate Palmolive Ltd. 22 Army Welfare Trust & Affiliate Companies 62 College of Physicians & Surgeons 23 Asian Development Bank 63 Continental Biscuits – LU 24 Askari Bank Limited 64 Descon Engineering 25 Askari General Insurance Co.Ltd 65 DG Khan Cement Company Limited (Nishat
    [Show full text]
  • Hascol Petroleum Limited Communication on Progress - 2018
    HASCOL PETROLEUM LIMITED COMMUNICATION ON PROGRESS - 2018 May 2018 HASCOL Petroleum Limited MESSAGE FROM THE CHIEF EXECUTIVE OFFICER The last twelve months have been phenomenal for HASCOL in all respects. The Company has not only surpassed its Sales and Profitability Targets but has also expanded its Retail Network, constructed new Plants, Depots and Installations, expanded its Fleet, enhanced Employment by 20%, and diversified into New Products and Businesses. Today, HASCOL is the largest private sector Oil Marketing Company in Pakistan in terms of volume. We are proud of our Management Team and our People who have brought this success. As HASCOL builds and grows, it also contributes in a Socially Responsible and Sustainable manner benefiting our Stakeholders, the Underprivileged and Society at large. Our Corporate Strategy is to create Shared Value by investing in Education, Health, Sports, Infrastructure Development, Road Safety, Environment and other areas. Also, we are continuously making efforts to attract, motivate, and reward Human Resource for the Company from the Community, while developing them both. It is in continuation of this spirit that HASCOL has become a member of UNGC, and I am pleased to reaffirm HASCOL’s support of UNGC’s Ten Principles in the areas of Human Rights, Labor, Environment and Anti-Corruption. These Principles are, by and large, already present in HASCOL. In this first Communication on Progress Report, we have mentioned the specific actions and initiatives we are taking to integrate UNGC’s Principles in our Organizational Culture, Business Strategy and Operations. This is just the beginning of a long term commitment. ____________________ Saleem Butt Chief Executive Officer HASCOL Petroleum Limited MANAGEMENT TEAM Mr.
    [Show full text]
  • Pakistan Stock Exchange Limited BROKER to BROKER
    Pakistan Stock Exchange Limited Stock Exchange Building, Stock Exchange Road, Karachi (Copy of the same is also available on our website www.psx.com.pk) Off Market Transactions PSX/N-805 Report For: June 28, 2021 BROKERS HAVE SUBSEQUENTLY REPORTED THE FOLLOWING TRANSACTIONS BROKER TO BROKER Member Code C o m p a n y Turnover of Shares Rate Nos. (+)145 (-)194 Attock Ref. 25,000 256.400 T o t a l / Weighted Avg. Rate 25,000 256.400 (+)140 (-)019 BYCO Petroleum 5,000,000 9.460 T o t a l / Weighted Avg. Rate 5,000,000 9.460 (+)145 (-)194 BYCO Petroleum 500,000 11.740 BYCO Petroleum 500,000 11.740 BYCO Petroleum 500,000 11.740 T o t a l / Weighted Avg. Rate 1,500,000 11.740 (+)169 (-)019 BYCO Petroleum 6,500,000 12.000 BYCO Petroleum 300,000 12.000 BYCO Petroleum 200,000 12.000 BYCO Petroleum 11,000,000 12.000 BYCO Petroleum 2,000,000 12.000 BYCO Petroleum 5,000,000 12.000 BYCO Petroleum 500,000 12.000 BYCO Petroleum 1,000,000 12.000 T o t a l / Weighted Avg. Rate 26,500,000 12.000 (+)084 (-)194 Dawood Hercules Corp 75,000 113.960 T o t a l / Weighted Avg. Rate 75,000 113.960 (+)194 (-)084 Dawood Hercules Corp 75,000 113.960 T o t a l / Weighted Avg. Rate 75,000 113.960 (+)084 (-)194 D.G.Cement 100,000 117.850 T o t a l / Weighted Avg.
    [Show full text]
  • Challenges Associated with Effective Fuel Management in Oil Marketing Companies
    Impact Factor 3.582 Case Studies Journal ISSN (2305-509X) – Volume 6, Issue 4 April-2017 Challenges Associated With Effective Fuel Management in Oil Marketing Companies Author’s Details: Shiza Riaz1, Kaleemullah Khan Khilji2, Muhammad Wisal Ikram3, Matti Ullah4 1Institute of Business Management, Department of Logistics & Supply Chain Management, Korangi Creek, Karachi 75190, Pakistan Supervisor: Sufian Farrukh, University of Wollongong, Australia. Abstract: This study outlines the topmost challenges faced by the Oil & Gas industry in Pakistan specifically the Oil Marketing Companies (OMC). It also assesses the awareness level for Fuel Telemetry System for effective fuel management across the supply chain in order to address the identified problems which include fuel leakages, contamination, fuel theft, spillages, reconciliation inaccuracies, product loss due to volatility & calibration and instrumentation challenges for precise measurements. The analysis of the survey results indicate that majority of the Oil Marketing Companies are facing issues mainly related to fuel loss & leakages (Ranked 8/10), incompatible systems (6.7/10), real-time fuel stock information gathering (6.6/10). 47% of the respondents indicate fuel losses of greater than 500 Liters per month on an average. The industry mainly relies on manual stock reconciliation methods (12%) and manual collection of information instead of an integrated technological application. Findings reveal that the level of awareness about Fuel Telemetry systems is acceptable (50%) but no Oil & Marketing Company has yet implemented such a system in Pakistan. However, the industry must look into the trade-offs before actually resisting or declining the application of Telemetry in effective Fuel Management. Keywords: Fuel leakages, Fuel contamination, Fuel theft, Fuel telemetry, Tracking devices.
    [Show full text]
  • 4. Appendices
    International Investment Position of Pakistan 2018 4. Appendices 33 State Bank of Pakistan Notification STATE BANK OF PAKISTAN (CENTRAL DIRECTORATE) KARACHI the 1st June, 1971 No.DS.FI./6-71 – Whereas the International Monetary Fund requires the Central Government to furnish certain information and it is essential for the purpose of complying with the request of the International Monetary Fund to require the persons herein mentioned to furnish the information hereby required, the State Bank of Pakistan, in exercise of the powers conferred by sub-section (1) of Section 4 of International Monetary Fund and Bank Act. 1950 (XL-III of 1950), read with the Government of Pakistan, Ministry of Finance Notification No.3(3)IMF/56 dated 4th October, 1956 (vide Gazette of Pakistan dated October 12, 1956), is pleased to direct all persons listed below to furnish all such information as on 31st December of the year under survey specified in the relevant schedules as applicable to the persons mentioned below. The return in the appropriate schedules, duly completed in accordance with the explanation set out below and the instructions appended to the Schedules, shall be made to the Director Statistics, State Bank of Pakistan, Karachi. Serial Number Description Schedule Col.1 Col.2 Col.3 1. Every firm or company registered or incorporated outside Pakistan but operating in Pakistan I 2. Every company (Public or Private Ltd.) incorporated in Pakistan (Under the companies Act VII of 1913) in which any non-resident have any interest of any nature whatsoever, direct or indirect, in respect of its shares, debentures or other obligations, etc.
    [Show full text]