Annual Report 2020 PCP Reserves All Rights of Ownership of This Document Published in November 2020 Contents

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report 2020 PCP Reserves All Rights of Ownership of This Document Published in November 2020 Contents Building Trust Promoting Philanthropy Annual Report 2020 PCP Reserves all rights of ownership of this document Published in November 2020 Contents Company Profile 03 At a Glance 06 PCP Board of Directors 08 Board Committees 16 Director’s Report 18 Philanthropy Support Services 23 Certification 33 Research 41 Communication and Outreach 61 Our People 68 Financial Statements 73 Annual Report 1 2 Annual Report COMPANY PROFILE Annual Report 3 Vision The three sectors of society - business, civil society and the government - work together in a strengthened partnership for social development in Pakistan. Mission To enhance the volume and effectiveness of indigenous philanthropy for social development in Pakistan. Goals Creating a policy, legal and fiscal environment that enables giving for development and promotes the growth and development of citizen organizations. Facilitating linkages between corporate philanthropists, citizen organizations and government for increased social investment. Enhancing citizen organizations' capabilities as reliable and effective implementing partners of grant makers through a certification system. Assisting philanthropists (corporations, foundations, Diaspora communities) in increasing the volume and impact of their giving. Raising broad societal understanding of philanthropy through research. 4 Annual Report Board of Directors Mr. Zaffar A. Khan Chairperson Mr. Badaruddin Fatehali Vellani Vice Chair Mr. Mueen Afzal Dr. Attiya Inayatullah Mr. Iqbal Walji represents Aga Khan Foundation (Pakistan) Mr. Syed Hyder Ali Mr. Arif Habib represents Arif Habib Securities Ltd Mr. Sohail Ghulamali Khoja represents The Aga Khan University Dr. Arshad Ahmad represents Lahore University for Management Sciences Ms. Khawar Mumtaz Mr. Ahsan M. Saleem represents Crescent Steel And Allied Products Ltd. Mr. Haroon Rashid represents Shell Pakistan Ltd. Mr. Ahmad Zuberi Mr. Syed Farhan Bokhari Annual Report 5 At a Glance | 2019-20 PSS Highlights COVID-19 emergency grants for Partnerships with international $ 1.5 M 4 PCP Certified NPOs Network and national corporate givers Call for proposals under advised Partnership with foreign 10 01 grant making Government donor Certification Highlights Certification panel Applications 11 220 meetings Certifications Evaluations* 173 234 Research Highlights International Research National Research Study 03 01 Studies Research Dissemination International Research 06 01 Seminars Paper Communication & Outreach Highlights Appearences in Electronic Documentries showcasing 24 03 and Print Media certified organizations projects AML / CFT awareness 12 sessions accross Pakistan *Includes applications from FY 2018-19 6 Annual Report PCP Certified Network Presence Azad Jammu & Kashmir 10 Balochistan 20 Islamabad Capital Territory 120 Gilgit Baltistan 03 Khyber Pakhtunkhwa 47 Punjab 240 Sindh 197 Annual Report 7 PCP Board of Directors Mr. Zaffar A. Khan Chairman BOD PCP Mr. Zaffar A. Khan graduated as a Mechanical Engineer. Soon thereafter, he joined Exxon which following an employee led buyout became known as Engro. He served the Company for 35 years, the last 6 years were as the CEO. Thereafter, of which he served as Chairman of PTCL, Karachi Stock Exchange & PIA. Currently, he is an Adjunct Professor at IBA where he teaches Human Resource Management. Mr. Khan completed an Advanced Management Programme from the University of Hawaii and has undertaken several short courses from the Harvard Business School & INSEAD. Mr. Khan has served on a number of diverse Boards in the Private Sector, Public Sector & Civil Society Organizations. Current Board appointments include Security Printing Corporation of Pakistan, Shell Pakistan, Benazir Income Support Programme, Data Check Ltd , Acumen Pakistan & Pakistan Centre for Philanthropy. Mr. Khan is a recipient of Sitara e Imtiaz. 8 Annual Report Mr. Badaruddin F. Vellani Mr. Mueen Afzal Vice Chairman BOD PCP Mueen Afzal joined the Civil Service of Mr. Badaruddin F. Vellani is an Honours Pakistan in 1964 and held important positions, graduate in Chemical Engineering from the including Finance Secretary in Balochistan Loughborough University of Technology, (1981-1984) and in the Punjab (1984-1986). Leicestershire, and a Barrister-at-Law from He was also the Economic Minister in the the Middle Temple (London). He was called to Pakistan Embassy, Washington, DC, USA the Bar in 1982 and immediately thereafter (1987-1990), Health Secretary to the commenced his legal practice in Karachi. Government of Pakistan (1995-1996), Finance Secretary to the Government of Pakistan He is enrolled as an Advocate of the Supreme (1996-1998), and Secretary General, Finance Court of Pakistan and is the Senior Partner at and Economic Affairs from 1999-2002. the law firm, Vellani & Vellani. He is a visiting faculty member at the Pakistan Institute of He was awarded Hilal-e-Imtiaz in 2003 by the Corporate Governance. Government of Pakistan for his distinguished public service. After his retirement from the In addition to his wide and varied legal civil service, he held a number of appointments practice, he is a member of the Board of in the corporate sector. At present, he is Directors of a number of for-profit companies, chairman Akzo Nobel Pakistan Limited and and also of philanthropic organizations and Murree Brewery Company Ltd. foundations and a university. Annual Report 9 Dr. Attiya Inayatullah Dr. Arshad Ahmad Dr. Attiya Inayatullah is a Founding Director of Dr. Arshad Ahmad joined LUMS in 2018 after the Pakistan Center for Philanthropy. She serving as Vice-Provost, at McMaster holds a PhD in Social Demography, Masters in University for the past five years. Dr. Ahmad Sociology and Anthropology and Diploma in was also Professor of Finance at The Development Studies. Her experience ranges DeGroote School of Business at McMaster and from ministerial office in the government of at the John Molson School of Business at Pakistan to pioneering community and Concordia University in Montreal, Canada. He advocacy activities for not for profits. She has has written books on Corporate and Personal been amongst the longest serving women Finance, taught in executive programmes and parliamentarians. Dr. Attiya Inayatullah has has led seminars around the world. Dr. Ahmad thrice served as Federal Minister for Women’s earned an MBA and PhD in Educational Development/Population Planning/Social Psychology from McGill University, Canada. Welfare & Special Education. In recognition of He continues to serve as Chair of the Editorial her services, she is the recipient of the coveted Board of the International Journal for Ceres Medal, the UN Award for women, given Students as Partners and as the Chair of for distinguished services in their field of Teaching and Learning Canada. In 1992, Dr. recognition and has received Sitara Imtiaz, the Ahmad was recognized with a lifetime 3M highest civil Award in Pakistan for public National Teaching Fellowship and has several service . local and international teaching awards to his credit. 10 Annual Report Mr. Syed Hyder Ali Ms. Khawar Mumtaz Mr. Syed Hyder Ali, Chief Executive and Ms. Mumtaz holds a Master degree in Managing Director, Packages Ltd., Lahore, International Relations and a diploma in Pakistan, graduated from University of French. She is the former Chairperson of the Michigan, USA with a Bachelor of Science National Commission on the Status of Women degree in Chemical Engineering in 1979. Mr. (2013-2019). Prior to that she was the CEO of Ali also attended the programme for Shirkat Gah-Women’s Resource Centre, a Management Development at the Harvard leading women’s rights organization. She is a Business School, Boston, USA. founding member of the Women’s Action Forum (WAF). She brings almost 30 years of Mr. Ali also serves on the Board of a number of experience in women’s rights and companies like Bulleh Shah Packaging (Pvt) development, women’s political and economic Ltd, IGI Holdings Limited, Packages Real empowerment, women’s reproductive health Estate (Pvt) Ltd, IGI General Insurance Ltd., and rights, and poverty. She received the Nestle Pakistan Ltd., Packages Lanka (Pvt) Ltd., Prime Minister’s award for her co-authored Sanofi-Aventis Pakistan Ltd., Tri-Pack Films book “Women of Pakistan; Two Steps Forward Ltd, and IGI Life Insurance Ltd. One step Back”. A recipient of the Sitara-e-Imtiaz award for her work in social He is the Honorary Consul General of Sweden service and promoting female equality. She has in Lahore since 1998. On May 6, 2015, he was extensive international and regional conferred, “The Commander of the Grand experience and has served on the boards of Cross” by His Majesty, The King of Sweden. prestigious national and international organizations. Annual Report 11 Mr. Sohail G. Khoja Mr. Haroon Rashid - Represents Shell Pakistan Mr. Sohail G. Khoja is a Civil Engineer by Mr. Haroon Rashid is the Chief Executive & profession and has been running an architect Managing Director of Shell Pakistan Limited & interior designing organization by the name (SPL). Haroon has been a Director on the of Spatial Concepts since 2000. He is an Board of Shell Pakistan Limited since 2011. ex-member of the National Council Aga Khan Mr. Haroon joined Shell in 1995 after Foundation Pakistan. Mr. Khoja holds a graduating from The Lahore University of Graduate degree from NED University of Management Sciences (LUMS). He has held a Engineering & Technology and did his Mater of variety of senior leadership roles in Business Administration in Finance & Downstream across Sales,
Recommended publications
  • View Chairman’S Message Board Ofdirectorsforthei-Carefundamerica,Inc
    i-CareReport 2014-2016 © 2016, The i-Care Foundation i-Care Report 2014-2016 1-BACK Table of Contents About i-Care Mission and Vision 3 Pakistan’s First Donor Advised Fund 4 Management Team 5 Board of Trustees for The i-Care Foundation, Pakistan 6 Board of Directors for The i-Care Fund America, Inc. 7 Chairman’s Message 8 CEO’s Review 9 The i-Care Foundation: Then and now 10 i-Care Report Disbursement of Funds Disbursement of Funds in 2015 - 2016 14 Top 12 fund recipients of The i-Care Foundation in 2015-2016 15 Beneficiaries & Disbursement 2015 - 2016 19 Disbursement of Funds in 2014 - 2015 22 Top 12 fund recipients of The i-Care Foundation in 2014-2015 23 Beneficiaries & Disbursement 2014 - 2015 27 Education Beneficiaries in Education 2014 - 2016 29 Health Beneficiaries in Health 2014 - 2016 33 Shelter & Social Safety Nets Beneficiaries in Shelter & Social Safety Net 2014 - 2016 38 Entrepreneurship Beneficiaries in Entrepreneurship 2014 - 2016 40 Financials Income and Expenditure Account For The Year Ended JUNE 30, 2016 42 Balance Sheet As At JUNE 30, 2016 43 How to Donate For Donors in Pakistan 45 For Donors in US and Other Countries 45 Through Remittance 46 i-Care Donor Advisory Form 47 I-Care Partner Charities List 48 Fund Utilization Plan 50 Charity Due Diligence Check List 52 1-FRONT About i-Care The i-Care Mission The mission of The i-Care Foundation is to improve the quality of life for underprivileged Pakistanis. This is achieved through increased philanthropic sup- port offered to deserving charities, so that they are able to improve their capacity for service delivery.
    [Show full text]
  • 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.
    [Show full text]
  • New Business Opportunities in Pakistan
    NEW BUSINESS OPPORTUNITIES IN PAKISTAN NEW BUSINESS OPPORTUNITIES IN PAKISTAN AN INVESTOR’S GUIDEBOOK Consultants and authors of this report: Philippe Guitard Shahid Ahmed Khan Derk Bienen This report has been produced with the assistance of the European Union under the Asia-Invest programme. The views expressed herein are those of the consultant and can therefore in no way be taken to reflect the views of the European Union. New Business Opportunities in Pakistan TABLE OF CONTENTS LIST OF TABLES ................................................................................................................................. VIII LIST OF FIGURES .................................................................................................................................. X LIST OF BOXES..................................................................................................................................... XI LIST OF ACRONYMS ........................................................................................................................... XII INTRODUCTION ..................................................................................................................................... 1 EXECUTIVE SUMMARY......................................................................................................................... 2 PART I: PAKISTAN GENERAL INFORMATION ................................................................................... 8 MAP OF THE COUNTRY.......................................................................................................................
    [Show full text]
  • Shell-Annual-Report-2019.Pdf
    ANNUAL REPORT 2019 1 2 SHELL PAKISTAN LIMITED CONTENTS GOVERNANCE & COMPLIANCE Company Information........................................................................................................................... 06 Vision................................................................................................................................................ 07 Statement of General Business Principles.................................................................................................. 08 Chairperson’s Review............................................................................................................................ 12 Board of Directors ............................................................................................................................... 20 Report of the Directors ......................................................................................................................... 24 Notice of Anuual General Meeting ........................................................................................................ 28 Statement of Compliance ..................................................................................................................... 30 Independent Auditors’ Review Report ...................................................................................................... 33 OUR PERFORMANCE Retail ...............................................................................................................................................
    [Show full text]
  • Gas and Petroleum Market Structure and Pricing
    Gas and Petroleum Market Structure and Pricing Edited by Afia Malik PIDE Monograph PAKISTAN INSTITUTE OF DEVELOPMENT ECONOMICS Series ISLAMABAD All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means—electronic, mechanical, photocopying, recording or otherwise—without prior permission of the author and or the Pakistan Institute of Development Economics, P. O. Box 1091, Islamabad 44000. © Pakistan Institute of Development Economics, 2021. Pakistan Institute of Development Economics Quaid-i-Azam University Campus P. O. Box 1091, Islamabad 44000, Pakistan E-mail: [email protected] Website: http://www.pide.org.pk Fax: +92-51-9248065 Designed, composed, and finished at the Publications Division, PIDE. PIDE Monograph Series Gas and Petroleum Market Structure and Pricing Edited by Afia Malik PAKISTAN INSTITUTE OF DEVELOPMENT ECONOMICS ISLAMABAD CONTENTS CHAPTER 1: ENERGY MARKET STRUCTURE OIL AND GAS Afia Malik, Amna Urooj, Uzma Zia, Saba Anwar, and Saud Ahmad Khan 1. Introduction 1 2. Oil Market Structure and Supply Chain 2 2.1. Petroleum Supply Chain 3 2.2. Petroleum Demand 9 3. Gas Market Structure and Supply Chain 12 3.1. Gas Supply Chain 13 3.2. Gas Demand 16 3.3. LPG Supply and Demand 17 4. Regulations and Policies in Oil and Gas Sector 19 5. Challenges and Opportunities in Oil and Gas Upstream 20 6. Key Takeaways 22 References 22 CHAPTER 2: NATURAL GAS PRICES IN PAKISTAN Afia Malik and Hafsa Hina 1. Introduction 25 2. Pricing and Regulatory Regime 26 3. Gas Price Setting Framework in Pakistan 27 3.1a.
    [Show full text]
  • Negativliste. Fossil Energi
    Bilag 6. Negativliste. Fossil energi Maj 2017 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten. Rækkeetiketter Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Africa Oil Corp Africa Oil Corp Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine Development Co Black Mountain Resources LLC Bluff Spur Coal Corp Boone Energy Co Bull Mountain Mining Corp Central Penn Energy Co Inc Central West Virginia Energy Co Clear Fork Coal Co CoalSolv LLC Cobra Natural Resources LLC Crystal Fuels Co Cumberland Resources Corp Dehue Coal Co Delbarton Mining Co Douglas Pocahontas Coal Corp Duchess Coal Co Duncan Fork Coal Co Eagle Energy Inc/US Elk Run Coal Co Inc Exeter Coal Corp Foglesong Energy Co Foundation Coal
    [Show full text]
  • 11848041 01.Pdf
    Report Organization This report consists of the following volumes: Final Report I Volume 1 : Summary Volume 2 : Main Report Volume 3 : Sector Report Final Report II Urgent Rehabilitation Projects In Final Report I, volume 1 Summary contains the outline of the results of the study. Volume 2 Main Report contains the Master Plan for rehabilitation and reconstruction in Muzaffarabad city, Pakistan. Volume 3 Sector Report contains the details of existing conditions, issues to overcome, and proposals for future reconstruction by sector. Final Report II deals with the results and outcomes on the Urgent Rehabilitation Projects which were prioritized and implemented in parallel with master plan formulation work under the supervision of JICA Study Team. The exchange rate applied in the Study is: (Pakistan Rupee) (Japanese Yen) Rs.1 = ¥1.91 (Pakistan Rupee) (US Dollar) Rs.60.30 = US$ 1 PREFACE In response to the request from the Government of the Islamic Republic of Pakistan, the Government of Japan decided to conduct a Urgent Development Study on Rehabilitation and Reconstruction in Muzaffarabad City in the Islamic Republic of Pakistan and entrusted the Study to the Japan International Cooperation Agency (JICA). JICA selected and dispatched the Study Team headed by Mr. Ichiro Kobayashi of Pacet, consisted of Pacet and Nippon Koei, to the Islamic Republic of Pakistan from February 2006 to August 2006. JICA set up an Advisory Committee chaired by Dr. Kazuo Konagai from the University of Tokyo, which examined the study from the specialist and technical points of view. The Study Team held discussions with the officials concerned of the Government of the Islamic Republic of Pakistan and conducted the Study in collaboration with the Pakistani counterparts.
    [Show full text]
  • ANNUAL REPORT 2008 the Management Team Is Also Being Trained on Various Basel II Requirements
    Contents Corporate Information......................................................................01 Director’s Report to the Shareholders........................................02 Statement of Compliance with the Code of Corporate Governance.......................................................07 Statement of Internal Control........................................................09 Notice of Annual General Meeting...........................................10 Review Report to the Members on Statement of the Compliance with Best Practices of Code of Corporate Governance...................................................................12 Auditor’s Report to Members.......................................................13 Balance Sheet......................................................................................15 Profit and Loss Account..................................................................16 Cash Flow Statement.......................................................................17 Statement Of Changes In Equity................................................18 Notes to Financial Statements.....................................................19 Six Years Key financial Data...........................................................62 Annexure - 1.........................................................................................63 Combined Pattern of CDC and Physical Share Holdings...................................................................64 Combined Pattern of CDC and Physical Share Holdings ..................................................................65
    [Show full text]
  • STOXX Emerging Markets 1500 Last Updated: 03.08.2020
    STOXX Emerging Markets 1500 Last Updated: 03.08.2020 Rank Rank (PREVIO ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) US) TW0002330008 6889106 2330.TW TW001Q TSMC TW TWD Large 298.2 1 1 KR7005930003 6771720 005930.KS KR002D Samsung Electronics Co Ltd KR KRW Large 211.4 2 2 INE002A01018 6099626 RELI.BO IN0027 Reliance Industries Ltd IN INR Large 76.4 3 4 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Large 60.5 4 3 ZAE000015889 6622691 NPNJn.J ZA004D Naspers Ltd ZA ZAR Large 59.1 5 5 CNE1000003X6 B01FLR7 2318.HK CN0076 PING AN INSUR GP CO. OF CN 'H' CN HKD Large 51.5 6 7 INE040A01034 BK1N461 HDBK.BO IN00CH HDFC Bank Ltd IN INR Large 50.4 7 6 INE009A01021 6205122 INFY.BO IN006B Infosys Ltd IN INR Large 43.4 8 12 RU0009024277 B59SNS8 LKOH.MM EV020 LUKOIL RU RUB Large 38.0 9 8 BRVALEACNOR0 2196286 VALE3.SA BR0024 Vale SA BR BRL Large 37.3 10 13 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Large 35.4 11 9 KR7035420009 6560393 035420.KS KR00NY NAVER CORP KR KRW Large 35.2 12 15 INE001A01036 6171900 HDFC.BO IN00EJ Housing Development Finance Co IN INR Large 34.9 13 11 KR7000660001 6450267 000660.KS KR00EP SK HYNIX INC KR KRW Large 34.2 14 10 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Large 32.4 15 14 TW0002454006 6372480 2454.TW TW006V MediaTek Inc TW TWD Large 30.3 16 18 TW0002317005 6438564 2317.TW TW002R Hon Hai Precision Industry Co TW TWD Large 27.2 17 16 INE467B01029 B01NPJ1 TCS.BO IN005A Tata Consultancy Services Ltd IN INR Large 27.1 18 20 RU0009029540
    [Show full text]
  • Government of Pakistan, Commercial Bank, Development Finance Institutions
    Budget Special 2014-15 1. Budget Speech 2014-15 2. Finance Bill 2014-15 3. Notes on Clauses 4. Salient Features 5. Budget at a glance 2014-15 6. Budget Brief 2014-15 7. www.imranghazi.com/mtbaTax Expenditure 8. Fiscal Development 9. Highlights of Economic Survey 2013-14 10. Comments on Budget 2014-15 For more material, visit "www.imranghazi.com/mtba" Budget Special 2014-15 Speech BUDGET SPEECH 2014-15 Bismillahir-Rehmanir-Rahim PART-I Mr. Speaker, 1. As I rise to present the second budget of the democratic government, I want to thank Allah (SWT) for remarkable mercies He has bestowed on us by giving enormous success to the policies and initiatives we announced in our first budget. This success is the outcome of a democratic process that has allowed people to choose their representatives and they, in turn, are working to achieve their aspirations. 2. When we started our journey, we were facing the most daunting task of repairing a broken economy. We embarked on a very comprehensive agenda of economic reforms aimed to reinvigorate the economy, spur growth, maintain price stability, provide jobs to the youth and rebuild the key infrastructure of the country. Prime Minister Mohammed Nawaz Sharif set a rare example of foresight, courage and political sagacity when he did not shy away from taking painful decisions; decisions that were surely unpopular but imperative for restoringwww.imranghazi.com/mtba economic health of the country. Today, with the blessings of Allah, I say in all humility that we have not only restored the health of the economy but have put it firmly on the path of stability and growth.
    [Show full text]
  • Annual REPORT 2011 SILKBANKT
    ANNUAl REPORT 2011 SILKBANKT Notice of AGM & Auditors' Review 35 Auditors' Report 39 Financial Statements 43 Six Years' Rnancial Highlights 44 Statement of Financial Position 50 Profit & Loss Account 51 Statement of Comprehensive Income 52 Vision & Mission 02 Cash Row Statement 53 Message from Chairman 04 Statement of Changes in Equity 54 President & CEO's Review 06 Notes to the Financial Statements 55 Senior Management Committee 09 Statement of Written-off Loans 100 Profiles of Board of Directors 13 Achievements & CSR 103 Corporate Information 17 Additional Shareholders' Information 110 Directors' Report 21 Pattern of Share Holdings CDC & Physical 111 Statement of Compliance with 29 Branch Network 114 the Code of Corporate Governance Foreign Correspondents 116 & Statement of Internal Control Proxy Form 119 To be the leader in premier banking, trusted by customers for accessibility, service and innovation; be an employer of choice creating value for all stakeholders In the aftermath of the economic slowdown since 2008, Non-Performing Loans (NPLs) have dampened the profitability dynamics of commercial banks. I am pleased to advise you that contrary to the banking industry trend, your Bank managed to register a significant reduction in NPLs, in each consecutive year since the takeover by the new management. An NPL reduction by the Special Assets Management team of Rs. 3.398 billion and a Provision Reversal of Rs. 1.829 billion was recorded for the year 2011. The Real Estate Asset Management team (REAM) also supported the Special Assets Management team by successfully selling off various properties held as OREO (Other Real Estate Owned), during the year.
    [Show full text]
  • Monthly Report
    Citizens’ Voice Project MONTHLY REPORT AUGUST 2012 TDEA Office Citizens’ Voice Project 520-Margalla Road, F-10/2, Islamabad T: +92-51-2100862-63-64 Website: www.cvpa-tdea.org Table of Contents EXECUTIVE SUMMARY ................................................................................................................................................. 2 1. ADMINISTRATION AND PROCUREMENT ................................................................................................................... 3 2. HUMAN RESOURCE MANAGEMENT ......................................................................................................................... 3 3. MONITORING, EVALUATION AND RESEARCH ............................................................................................................ 3 3.1. PROGRAM DEVELOPMENT AND RESEARCH: .......................................................................................................................... 3 3.1.1. Technical Reviews: ................................................................................................................................................ 3 3.1.2. Approvals and Application Revisions: ................................................................................................................... 4 3.1.3. Meetings about understanding or Improving Process: ......................................................................................... 5 3.1.4. Development of Program Descriptions: ...............................................................................................................
    [Show full text]