NATIONAL INVESTMENT (UNIT) TRUST NATIONAL INVESTMENT (UNIT) TRUST AUDITORS’ REPORT ON REVIEW OF CONDENSED INTERIM CONDENSED INTERIM STATEMENT OF ASSETS AND LIABILITIES FINANCIAL INFORMATION TO THE UNIT HOLDERS AS AT DECEMBER 31, 2015

INTRODUCTION 31 December 30 June 2015 2015 We have reviewed the accompanying condensed interim statement of assets and liabilities of National Investment (Unit) Trust (“the Unaudited Audited Note (Rupees in '000) Fund”) as at 31 December 2015 and the related condensed interim income statement, condensed interim statement of comprehensive Assets income, condensed interim distribution statement, condensed interim statement of movement in unit holders’ fund, condensed Bank balances 6 926,512 4,272,389 interim cash flow statement and notes to the accounts for the six months period then ended (here-in-after referred to as the “interim Investments 7 64,530,750 70,699,317 financial information”). Management Company is responsible for the preparation and presentation of this interim financial information Receivable against sale of investments 16,707 15,457 Dividend and other receivables 8 141,786 71,752 in accordance with approved accounting standards as applicable in Pakistan for Interim Financial Reporting. Our responsibility is to Security deposits 2,600 2,600 express a conclusion on this interim financial information based on our review. Total assets 65,618,355 75,061,515

Liabilities Payable to National Investment Trust Limited - Management Company 9 134,842 69,734 SCOPE OF REVIEW Payable to Central Depository Company of Pakistan Limited - Trustee 10 2,637 2,365 Payable to Securities and Exchange Commission of Pakistan 31,693 65,580 We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Payable against redemption of units 17,937 15,281 Information Performed by the Independent Auditor of the Entity.” A review of interim financial information consists of making inquiries, Payable against purchase of investments - 39,413 Accrued expenses and other liabilities 11 805,841 1,113,662 primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is Dividend payable and unclaimed distribution 12 547,989 2,903,455 substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not Total liabilities 1,540,939 4,209,490 enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Net assets 64,077,416 70,852,025

Unit holders' fund (as per statement attached) 64,077,416 70,852,025

CONCLUSION Contingencies and commitments 13

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial (Number of units in '000) information is not prepared, in all material respects, in accordance with approved accounting standards as applicable in Pakistan for Number of units in issue 14 1,013,160 1,111,490 Interim Financial Reporting. (Rupees)

OTHER MATTERS Net assets value per unit 63.24 63.75

The annexed notes 1 to 21 form an integral part of this condensed interim financial information. The figures for the three months period ended 31 December 2015 in the condensed interim financial information have not been reviewed and we do not express a conclusion on them.

For National Investment Trust Limited KPMG Taseer Hadi & Co. (Management Company) Chartered Accountants Muhammad Nadeem Sd/- Sd/- Sd/- th Dated: 29 February, 2016 Managing Director Director Director Karachi

08 Six-month period Three-month period ended ended 2015 2014 2015 2014 ------Note (Rupees in '000) ------

Income Dividend income 1,203,106 1,020,210 619,407 606,883 Gain on sale of investments - net 3,634,087 2,478,746 1,375,021 1,264,247 Net unrealised appreciation on re-measurement of investments classified as 'financial assets at fair value through profit or loss' 7.8 123,941 1,053,617 29,756 405,660 Income from government securities 6,164 74,594 - 44,861 Profit on bank deposits 39,021 75,798 15,327 26,090 Income on issue of units 2,276 28,741 360 11,857 Other Income - 1,960 - - Total income 5,008,595 4,733,666 2,039,871 2,359,598

Expenses Impairment loss on equity securities classified as 'available for sale' 7.9.1 1,768 20,017 1,768 5,243 Remuneration of National Investment Trust Limited - Management Company 9.1 334,729 334,055 162,457 176,843 Sindh Sales Tax on remuneration of Management Company 9.2 54,360 58,126 26,391 30,772 Federal Excise Duty on remuneration of Management Company 11.2 53,557 53,449 26,024 28,295 Remuneration of Central Depository Company of Pakistan Limited - Trustee 10 14,003 13,992 6,901 7,192 Sindh Sales Tax on remuneration of Trustee 10.1 1,960 - 966 - Annual fee - Securities and Exchange Commission of Pakistan 31,693 31,709 15,361 16,784 Allocation of expenses related to registrar services, accounting, operation and valuation services 15 5,513 - 5,513 - Custodian charges of Central Depository Company of Pakistan Limited 379 192 133 105 Securities transaction costs 155 410 - 55 Settlement and bank charges 897 1,077 703 790 Financial charges 16 24,548 8,998 5,954 - Auditors' remunaration 557 549 310 433 SECP registration fee - 1,000 - 1,000 Printing charges 1,500 1,175 500 175 NATIONAL INVESTMENT (UNIT) TRUST NATIONALMutual fund rating INVESTMENT fee (UNIT) TRUST 232 211 232 211 Other expenses 2,122 192 1,321 192 CONDENSED INTERIM INCOME STATEMENT (UNAUDITED) CONDENSEDTotal expenses INTERIM INCOME STATEMENT (UNAUDITED) 527,973 525,152 254,534 268,090 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 Net income from operating activities 4,480,622 4,208,514 1,785,337 2,091,508

Element of income / (loss) and capital gains / (losses) included Six-month period Three-month period in prices of units issued less those in units redeemed - net Six-month 34,618 period (21,958) Three-month 5,587 period (64,320) ended ended ended ended 2015 2014 2015 2014 Provision for Workers' Welfare Fund 11.1 2015 - (83,733)2014 2015 - (40,616)2014 ------Note (Rupees in '000) ------Note (Rupees in '000) ------Net income for the period before taxation 4,515,240 4,102,823 1,790,924 1,986,572 Income Income Dividend income 1,203,106 1,020,210 619,407 606,883 DividendTaxation income 17 1,203,106 - 1,020,210 - 619,407 - 606,883 - Gain on sale of investments - net 3,634,087 2,478,746 1,375,021 1,264,247 Gain on sale of investments - net 3,634,087 2,478,746 1,375,021 1,264,247 Net unrealised appreciation on re-measurement of investments classified as Net unrealisedincome for appreciation the period on re-measurement of investments classified as 4,515,240 4,102,823 1,790,924 1,986,572 'financial assets at fair value through profit or loss' 7.8 123,941 1,053,617 29,756 405,660 'financial assets at fair value through profit or loss' 7.8 123,941 1,053,617 29,756 405,660 Income from government securities 6,164 74,594 - 44,861 Income from government securities ------6,164 74,594 (Rupees) ------44,861 Profit on bank deposits 39,021 75,798 15,327 26,090 Profit on bank deposits 39,021 75,798 15,327 26,090 Income on issue of units 2,276 28,741 360 11,857 EarningsIncome on perissue unit of units- basic and diluted Rupees 18 2,276 4.46 28,741 3.73 1.77 360 11,857 1.81 Other Income - 1,960 - - Other Income - 1,960 - - Total income 5,008,595 4,733,666 2,039,871 2,359,598 TheTotal annexed income notes 1 to 21 form an integral part of this condensed interim financial information. 5,008,595 4,733,666 2,039,871 2,359,598

Expenses Expenses Impairment loss on equity securities classified as 'available for sale' 7.9.1 1,768 20,017 1,768 5,243 Impairment loss on equity securities classified as 'available for sale' 7.9.1 1,768 20,017 1,768 5,243 Remuneration of National Investment Trust Limited - Management Company 9.1 334,729 334,055 162,457 176,843 Remuneration of National Investment Trust Limited - Management Company 9.1 334,729 334,055 162,457 176,843 Sindh Sales Tax on remuneration of Management Company 9.2 54,360 58,126 26,391 30,772 Sindh Sales Tax on remuneration of Management Company 9.2 54,360 58,126 26,391 30,772 Federal Excise Duty on remuneration of Management Company 11.2 53,557 53,449 26,024 28,295 Federal Excise Duty on remuneration of Management Company 11.2 53,557 53,449 26,024 28,295 Remuneration of Central Depository Company of Pakistan Limited - Trustee 10 14,003 13,992 6,901 7,192 Remuneration of Central Depository Company of Pakistan Limited - Trustee 10 14,003 13,992 6,901 7,192 Sindh Sales Tax on remuneration of Trustee 10.1 1,960 - 966 - Sindh Sales Tax on remuneration of Trustee For National Investment Trust10.1 Limited 1,960 - 966 - Annual fee - Securities and Exchange Commission of Pakistan 31,693 31,709 15,361 16,784 Annual fee - Securities and Exchange Commission of Pakistan(Management Company) 31,693 31,709 15,361 16,784 Allocation of expenses related to registrar services, accounting, operation Allocation of expenses related to registrar services, accounting, operation and valuation services 15 5,513 - 5,513 - and valuation services 15 5,513 - 5,513 - Custodian charges of Central Depository Company of Pakistan Limited 379 192 133 105 Custodian charges of CentralSd/- Depository Company of Pakistan LimitedSd/- 379 192Sd/- 133 105 Securities transaction costs 155 410 - 55 Securities transactionManaging costs Director Director 155 410Director - 55 Settlement and bank charges 897 1,077 703 790 Settlement and bank charges 897 1,077 703 790 Financial charges 16 24,548 8,998 5,954 - Financial charges 16 24,548 8,998 5,954 - Auditors' remunaration 557 549 310 433 Auditors' remunaration 557 549 310 433 SECP registration fee - 1,000 - 1,000 SECP registration fee - 1,000 - 1,000 Printing charges 1,500 1,175 500 175 Printing charges 1,500 1,175 500 175 Mutual fund rating fee 232 211 232 211 Mutual fund rating fee 232 211 232 211 Other expenses 2,122 192 1,321 192 Other expenses 2,122 192 1,321 192 Total expenses 527,973 525,152 254,534 268,090 Total expenses 527,973 525,152 254,534 268,090

Net income from operating activities 4,480,622 4,208,514 1,785,337 2,091,508 Net income from operating activities 4,480,622 4,208,514 1,785,337 2,091,508

Element of income / (loss) and capital gains / (losses) included Element of income / (loss) and capital gains / (losses) included in prices of units issued less those in units redeemed - net 34,618 (21,958) 5,587 (64,320) in prices of units issued less those in units redeemed - net 34,618 (21,958) 5,587 (64,320)

Provision for Workers' Welfare Fund 11.1 - (83,733) - (40,616) Provision for Workers' Welfare Fund 11.1 - (83,733) - (40,616)

Net income for the period before taxation 4,515,240 4,102,823 1,790,924 1,986,572 Net income for the period before taxation 4,515,240 4,102,823 1,790,924 1,986,572

Taxation 17 - - - - Taxation 17 - - - -

Net income for the period 4,515,240 4,102,823 1,790,924 1,986,572 Net income for the period 4,515,240 4,102,823 1,790,924 1,986,572

------(Rupees) ------(Rupees) ------

Earnings per unit - basic and diluted Rupees 18 4.46 3.73 1.77 1.81 Earnings per unit - basic and diluted Rupees 18 4.46 3.73 1.77 1.81

The annexed notes 1 to 21 form an integral part of this condensed interim financial information. The annexed notes 1 to 21 form an integral part of this condensed interim financial information. NATIONAL INVESTMENT (UNIT) TRUST NATIONAL INVESTMENT (UNIT) TRUST CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) CONDENSED INTERIM DISTRIBUTION STATEMENT (UNAUDITED) FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2015

Six-month period ended Three-month period ended Six-month period ended 2015 2014 2015 2014 2015 2014 Note ------(Rupees in '000) ------(Rupees in '000)

Net income for the period 4,515,240 4,102,823 1,790,924 1,986,572 Undistributed income brought forward Realized income 3,383,849 2,421,656 Other comprehensive income for the period Unrealized income 950,166 747,282 4,334,015 3,168,938 Items to be reclassified to income statement in subsequent periods Element of income / (loss) and capital gains / (losses) included in prices of units issued less those in units redeemed - amount (98,073) (122,077) Net unrealised (diminution) / appreciation on representing income / (loss) that form part of unit holders' fund - net re-measurement of investments classified as 'available for sale' 7.9 (4,924,490) 6,405,295 1,784,344 6,162,075 Net income for the period 4,515,740 4,102,823

Total comprehensive income for the period (409,250) 10,508,118 3,575,268 8,148,647 Undistributed income carried forward 8,751,682 7,149,684

The annexed notes 1 to 21 form an integral part of this condensed interim financial information. Undistributed income carried forward comprising Realised income 8,627,741 6,096,067 Unrealised income 123,941 1,053,617 8,751,682 7,149,684

The annexed notes 1 to 21 form an integral part of this condensed interim financial information.

For National Investment Trust Limited (Management Company)

Sd/- Sd/- Sd/- Managing Director Director Director For National Investment Trust Limited (Management Company)

Sd/- Sd/- Sd/- Managing Director Director Director NATIONAL INVESTMENT (UNIT) TRUST CONDENSED INTERIM STATEMENT OF MOVEMENT NATIONAL INVESTMENT (UNIT) TRUST IN UNIT HOLDERS’ FUND (UNAUDITED) CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED) FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2015

2015 2014 2015 2014 (Rupees inin ‘000)000) (Rupees(Rupees inin 000)‘000) CASH FLOWS FROM OPERATING ACTIVITIES Net assets at the beginning of the period 70,852,025 59,902,173 Net income for the period before taxation 4,515,240 4,102,823 [Rs. 63.75 per unit (2014: 56.59 per unit)] Adjustments: Issue of 11,656,456 units (2014: 95,991,998 units) 740,160 5,646,418 Net unrealised appreciation on re-measurement of investments classified as Redemption of 109,985,970 units (2014: 84,654,928 units) (7,070,901) (5,147,131) 'financial assets at fair value through profit or loss' (123,941) (1,053,617) Issue of units under Cumulative Investment Plan: Nil (2014: 30,627,571 units) - 1,728,008 Element of (income) / loss and capital (gains) / losses included in prices (6,330,741) 2,227,295 of units issued less those in units redeemed - net (34,618) 21,958 Impairment loss on equity securities classified as 'available for sale' 1,768 20,017 Element of (income) / loss and capital (gains) / losses included in prices 4,358,449 3,091,181 of units issued less those in units issued less those in units (Decrease) / increase in assets -amount representing (income) / loss transferred to condensed Investments 1,366,250 (130,228) interim income statement (34,618) 21,958 Receivable against sale of investments (1,250) (65,387) - amount representing loss transferred to condensed interim Dividend and other receivables (70,034) 51,036 distribution statement 98,073 122,077 1,294,966 (144,579) 63,455 144,035 Increase / (decrease) in liabilities Payable to National Investment Trust Limited - Management Company 65,108 (100,360) Payable to Central Depository Company of Pakistan Limited-Trustee 272 210 Net unrealised (diminution) / appreciation on re-measurement of Payable to Securities and Exchange Commission of Pakistan (33,887) (20,173) investments classified as 'available for sale ' 7.9 (4,924,490) 6,405,295 Payable against redemption of units (39,413) - Payable against purchase of investments 2,656 - Gain on sale of investments - net 3,634,087 2,478,746 Accrued expenses and other liabilities (307,821) 141,320 (313,085) 20,997 Net unrealised appreciation on remeasurement of investments Net cash flow generated from operating activities 5,340,330 2,967,599 classified as financial assets 'at fair value through profit or loss' 123,941 1,053,617 CASH FLOWS FROM FINANCING ACTIVITIES Other net income for the period 757,212 570,460 Amount received on issue of units 740,160 5,646,418 (409,250) 10,508,118 Payments against redemption of units (7,070,901) (5,147,131) Distribution paid (2,355,466) (2,526,196) Element of income / (loss) and capital gains / (losses) included in prices of Net cash (used in) financing activities (8,686,207) (2,026,909) units issued less those in units redeemed - amount representing income / (loss) that form part of unit holders' fund - net (98,073) (122,077) Net (decrease) / increase in cash and cash equivalents (3,345,877) 940,690 during the period Net assets at the end of the period 64,077,416 72,659,544 Cash and cash equivalents at beginning of the period 4,272,389 1,541,871 [Rs. 63.24 per unit (2014: 66.03 per unit)] Cash and cash equivalents at end of the period 6 926,512 2,482,561

The annexed notes 1 to 21 form an integral part of this condensed interim financial information. The annexed notes 1 to 21 form an integral part of this condensed interim financial information.

For National Investment Trust Limited For National Investment Trust Limited (Management Company) (Management Company) Sd/- Sd/- Sd/- Sd/- Sd/- Sd/- Managing Director Director Director Managing Director Director Director 2.2 Functional and presentation currency

NATIONAL INVESTMENT (UNIT) TRUST NATIONALThis condensed INVESTMENTinterim financial information (UNIT)is TRUSTpresented in Pak Rupees, which is the Fund's functional and presentation currency. NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL NOTESAll financial TO AND information FORMING presented in PART Pak Rupees OF has THE been CONDENSEDrounded off to the nearest INTERIM thousand of FINANCIAL rupees except otherwise stated. INFORMATION (UNAUDITED) INFORMATION3. SIGNIFICANT ACCOUNTING (UNAUDITED) POLICIES FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR THEThe accounting SIX ANDpolicies THREEadopted MONTHSfor the preparation PERIODof the ENDEDcondensed DECEMBERinterim financial 31,information 2015are the same as those applied in the preparation of the annual financial statements of the Fund for the year ended 30 June 2015, except for the following standards which became effective during the period.

1 LEGAL STATUS AND NATURE OF BUSINESS 3.1 New, Amended And Revised Standards And Interpretations of IFRSs

1.1 The National Investment (Unit) Trust (NI(U)T), was established under a Trust Deed executed between National Investment Trust IFRS 10 ‘Consolidated Financial Statements,’ IFRS 11 ‘Joint Arrangements’, IFRS 12 ‘Disclosure of Interests in Other Entities’, Limited (NITL) as Management Company and National Bank of Pakistan (NBP) as Trustee. The Trust Deed was executed on 12 IFRS 13 'Fair Value Measurements'. These standards became applicable from 1 January 2015, as per the adoption status of IFRS November 1962, and was amended vide Supplemental Trust Deeds dated 26 June 1968, 7 June 1981, 27 November 1998, 12 in Pakistan. November 2002, 31 December 2003, 18 January 2007, 1 April 2014 and 3 September 2014. The functions of the Fund are governed by the Trust Deed and the National Investment (Unit) Trust Ordinance, 1965. The Central Depository Company of The application of IFRS 10, IFRS 11 and IFRS 12 did not have any impact on the financial statements of the Fund. Pakistan has been appointed Trustee of the Fund with effect from 16 May 2014 in place of National Bank of Pakistan. The Fund is categorised as an Equity Scheme as per the criteria for categorisation of open end collective investment scheme as specified by IFRS 13 Fair Value Measurement, consolidates the guidance on how to measure fair value, which was spread across various Securities and Exchange Commission of Pakistan (SECP) and other allied matters. IFRS, into one comprehensive standard. It introduces the use of an exit price, as well as extensive disclosure requirements, particularly the inclusion of non-financial instruments into the fair value hierarchy. The application of IFRS 13 does not have an 1.2 The Management Company of the Fund has been classified as a Non-Banking Finance Company (NBFC) under the NBFC Rules, impact on the financial statements of the Fund's, except certain additional disclosures. 2003 and has obtained the requisite license from the Securities and Exchange Commission of Pakistan (SECP) to undertake Asset Management Services. The registered office of the Management Company is situated at 6th floor, National Bank of Pakistan 4 ESTIMATES AND JUDGEMENTS Building I.I. Chundrigar Road, Karachi. The preparation of condensed interim financial information requires management to make judgments, estimates and assumption 1.3 The Privatisation Commission, Government of Pakistan had invited expressions of interest for the sale of the rights to manage the that affect the application of accounting policies and reported amount of assets and liabilities, income and expenses. Actual result Fund which exists solely with the Management Company, NITL. The Trustee and the Management Company hold the rights and may differ from these estimates. privileges of the Unit Holders to be paramount. No progress has been made in privatisation of the Fund initiated by Privatisation Commission. The significant judgements made by management in applying the accounting policies and the key sources of estimation uncertainty were the same as those that applied to the annual financial statements as at and for the year ended 30 June 2015. 1.4 The Fund is an open-ended mutual fund. Units are offered for public subscription on a continuous basis. The units are transferable and can be redeemed by surrendering them to the Fund. 5 FINANCIAL RISK MANAGEMENT

1.5 Pakistan Credit Rating Agency Limited (PACRA) has assigned "4-star" rating based on the performance during the twelve months The Fund's financial risk management objectives and policies are consistent with that disclosed in the financial statements as at ended 30 June 2015 and "4-star" and "3-star" long term rating based on the performance during the thirty six months and sixty and for the year ended 30 June 2015. months ended 30 June 2015 respectively. PACRA has maintained an asset manager rating of "AM2" to the Management 6 BANK BALANCES 31 December 30 June 1.6 Title to the assets of the Fund are held in the name of Central Depository Company of Pakistan Limited as Trustee of the Fund. 2015 2015 Unaudited Audited 2 BASIS OF PREPARATION (Rupees in '000)

2.1 Statement of compliance In current accounts 1,369 13,072 In savings accounts 6.1 & 6.2 925,143 4,259,317 This condensed interim financial information has been prepared in accordance with the requirements of the International 926,512 4,272,389 Accounting Standard 34 - Interim Financial Reporting and provisions of and directives issued under the Companies Ordinance, 1984, the Non- Banking Finance Companies (Establishment and Regulation) Rules, 2003 (the NBFC Rules), the Non-Banking 6.1 The above include an amount of Rs. 593.604 million (30 June 2015: Rs. 494.881 million) relating to unclaimed distribution. Finance Companies and Notified Entities Regulations, 2008 (the NBFC Regulations) and directives issued by the Securities and Exchange Commission of Pakistan (SECP). Wherever the requirements of the NBFC Rules, the NBFC Regulations or directives 6.2 These accounts carry return at rates ranging from 4.00% to 7.25% per annum (30 June 2015: 5.00% to 10.25% per annum). issued by the SECP differ with the requirements of the IFRS, the requirements of the NBFC Rules, the NBFC Regulations or the directives issued by the SECP shall prevail. 7 INVESTMENTS 31 December 30 June 2015 2015 2.1.1 This condensed interim financial information does not include all the information and disclosures required in the annual fnancial Unaudited Audited statements and should therefore be read in conjunction with the annual financial statements of the Fund as at and for the year (Rupees in '000) At fair value through profit or loss - held for trading ended 30 June 2015. Investment in shares / units of mutual funds 7.1.1 2,887,321 2,886,224

2.1.2 This condensed interim financial information is being submitted to the unit holders as required under Regulation 38 (2)(f) of the Available for sale Investment in shares / units of mutual funds 7.2.1 61,643,429 67,813,093 Non-Banking Finance Companies and notified Entities Regulations, 2008 (NBFC Regulations). Investment in government securities 7.3 - - 61,643,429 67,813,093 Held to maturity 2.2 Functional and presentation currency - Morabaha arrangements 54,125 54,125 - Participation term certificates 10,500 10,500 - Term finance certificates 8,880 8,880 This condensed interim financial information is presented in Pak Rupees, which is the Fund's functional and presentation currency. 73,505 73,505 All financial information presented in Pak Rupees has been rounded off to the nearest thousand of rupees except otherwise stated. Less: Provision for impairment loss on held to maturity investments (73,505) (73,505) - - 64,530,750 70,699,317 3. SIGNIFICANT ACCOUNTING POLICIES

The accounting policies adopted for the preparation of the condensed interim financial information are the same as those applied 7.1 At fair value through profit or loss - Held for trading in the preparation of the annual financial statements of the Fund for the year ended 30 June 2015, except for the following standards which became effective during the period. 7.1.1 Listed equity shares / units of mutual funds

Right Percentage 3.1 New, Amended And Revised Standards And Interpretations of IFRSs Bonus Market Market Market shares Merger/ Carrying of paid-up Purchase issue Sale As at 31 value as at value as value as As at 01 purchased / demerger/ value as at capital of the Name of Investee Companies during the during during the December 31 percentage percentage July 2015 subscribed adjust. 31 December investee IFRS 10 ‘Consolidated Financial Statements,’ IFRS 11 ‘Joint Arrangements’, IFRS 12 ‘Disclosure of Interests in Other Entities’, period the Year 2015 December of Net of during the Effects 2015 company period 2015 Assets Investments IFRS 13 'Fair Value Measurements'. These standards became applicable from 1 January 2015, as per the adoption status of IFRS period held in Pakistan. ------(Number of shares) ------(Rupees in '000) ------(%) ------

The application of IFRS 10, IFRS 11 and IFRS 12 did not have any impact on the financial statements of the Fund. Close - End Mutual Fund PICIC Growth Fund 37,442 - - - - - 37,442 1,028 844 - - 0.01 IFRS 13 Fair Value Measurement, consolidates the guidance on how to measure fair value, which was spread across various 37,442 - - - - - 37,442 1,028 844 - - Modarabas IFRS, into one comprehensive standard. It introduces the use of an exit price, as well as extensive disclosure requirements, Alnoor Modarba First 663,440 - - - - 55,000 608,440 2,616 2,434 - - 2.90 particularly the inclusion of non-financial instruments into the fair value hierarchy. The application of IFRS 13 does not have an B.R.R. Guardian Modarba 1,864,274 - - - - 40,000 1,824,274 14,102 13,281 0.02 0.02 2.34 Elite Capital Modarba First 395,120 - - - - 2,500 392,620 1,641 1,668 - - 3.46 impact on the financial statements of the Fund's, except certain additional disclosures. First Fidelity Leasing Modarba 495,078 - - - - - 495,078 1,475 1,411 - - 1.87 IBL Modarba First 1,078,774 - - - - - 1,078,774 2,816 4,434 0.01 0.01 5.34 4 ESTIMATES AND JUDGEMENTS KASB Modaraba 392,245 - - - - - 392,245 1,291 1,169 - - 1.39 Standard Chartered Modaraba 1,955,098 - - - - 146,500 1,808,598 54,258 49,194 0.08 0.08 3.99 U.D.L. Modaraba First 808,125 - - - - 52,500 755,625 18,724 16,366 0.03 0.03 2.86 The preparation of condensed interim financial information requires management to make judgments, estimates and assumption 7,652,154 - - - - 296,500 7,355,654 96,923 89,957 0.14 0.14 that affect the application of accounting policies and reported amount of assets and liabilities, income and expenses. Actual result Leasing Companies English Leasing Limited 707,261 - - - - - 707,261 460 - - - 8.84 may differ from these estimates. National Asset Leasing Corporation Limited 265,013 - - - - - 265,013 26 - - - 2.78 Natover Lease & Refinance Limited 729,349 - - - - - 729,349 - - - - 8.31 The significant judgements made by management in applying the accounting policies and the key sources of estimation 1,701,623 - - - - - 1,701,623 486 - - - Investment Banks / Investment uncertainty were the same as those that applied to the annual financial statements as at and for the year ended 30 June 2015. Companies / Securities Companies Invest Capital Investment Bank Limited 1,438,138 - - - - 100,000 1,338,138 1,940 1,847 - - 0.47 5 FINANCIAL RISK MANAGEMENT 1,438,138 - - - - 100,000 1,338,138 1,940 1,847 - - Commercial Banks Allied Bank Limited - 15,000 - - - 15,000 ------The Fund's financial risk management objectives and policies are consistent with that disclosed in the financial statements as at Habib Bank Limited - 15,000 - - - 15,000 ------and for the year ended 30 June 2015. MCB Bank Limited - 29,800 - - - - 29,800 7,697 6,462 0.01 0.01 0.00 - 59,800 - - - 30,000 29,800 7,697 6,462 0.01 0.01 Textile Spining 6 BANK BALANCES 31 December 30 June D.S.Industries Limited 335,102 - - - - 35,000 300,102 1,206 903 - - 0.50 2015 2015 Din Textile Mills Limited 22,920 - - - - - 22,920 3,008 2,625 - - 0.10 Maqbool Textile Mills Limited 245,873 - - - - - 245,873 4,770 3,838 0.01 0.01 1.46 Unaudited Audited Premium Textile Mills Limited 2,016 - - - - - 2,016 201 179 - - 0.03 (Rupees in '000) 605,911 - - - - 35,000 570,911 9,185 7,545 0.01 0.01 Textile Composite Crescent Textile Mills Limited 237,572 - - - - 92,000 145,572 3,079 2,770 - - 0.24 In current accounts 1,369 13,072 Cresent Textile Mills Limited Right - - - 56,976 - - 56,976 - 54 - - 0.46 In savings accounts 6.1 & 6.2 925,143 4,259,317 Fateh Textile Mills Limited. 58,125 - - - - - 58,125 - - - - 4.65 926,512 4,272,389 Gul Ahmed Textile Mills Limited 3,073,622 - - - - 150,000 2,923,622 143,403 105,952 0.17 0.16 1.28 Kohinoor Mills 1,485,229 - - - - 140,000 1,345,229 23,272 21,564 0.03 0.03 2.64 Mehmood Textile Mills Limited 128,063 - - - - - 128,063 40,138 29,557 0.05 0.05 0.85 Sapphire Fibers Limited 362,871 - - - - - 362,871 214,094 255,443 0.40 0.40 1.84 Sapphire Textile Mills Limited 571,112 - - - - - 571,112 326,676 456,890 0.71 0.71 2.84 5,916,594 - - 56,976 - 382,000 5,591,570 750,662 872,230 1.36 1.35 Wollen Bannu Woollen Mills Limited 468,137 - - - - 34,000 434,137 22,093 21,963 0.03 0.03 4.57 468,137 - - - - 34,000 434,137 22,093 21,963 0.03 0.03 Synthetic & Rayon Pakistan Synthetics Limited 2,484,783 - - - - 305,000 2,179,783 37,863 36,969 0.06 0.06 3.89 2,484,783 - - - - 305,000 2,179,783 37,863 36,969 0.06 0.06 Cement D. G. Khan Cement Company Limited - 30,000 - - - 30,000 ------Fauji Cement Company Limited - 500,000 - - - - 500,000 18,666 18,410 0.03 0.03 Lucky Cement Limited - 50,000 - - - - 50,000 28,063 24,752 0.04 0.04 0.02 - 580,000 - - - 30,000 550,000 46,729 43,162 0.07 0.07 Tobacco Pakistan Tobacco Company Limited 29,714 - - - - 5,350 24,364 22,024 27,146 0.04 0.04 0.01 29,714 - - - - 5,350 24,364 22,024 27,146 0.04 0.04 6.1 The above include an amount of Rs. 593.604 million (30 June 2015: Rs. 494.881 million) relating to unclaimed distribution.

6.2 These accounts carry return at rates ranging from 4.00% to 7.25% per annum (30 June 2015: 5.00% to 10.25% per annum).

7 INVESTMENTS 31 December 30 June 2015 2015 Unaudited Audited (Rupees in '000) At fair value through profit or loss - held for trading Investment in shares / units of mutual funds 7.1.1 2,887,321 2,886,224

Available for sale Investment in shares / units of mutual funds 7.2.1 61,643,429 67,813,093 Investment in government securities 7.3 - - 61,643,429 67,813,093 NATIONALHeld to maturity INVESTMENT (UNIT) TRUST NATIONAL INVESTMENT (UNIT) TRUST - Morabaha arrangements 54,125 54,125 - Participation term certificates 10,500 10,500 NOTES - Term TO finance ANDcertificates FORMING PART OF THE CONDENSED INTERIM FINANCIAL 8,880 8,880 NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL 73,505 73,505 INFORMATIONLess: Provision for impairment (UNAUDITED) loss on held to maturity investments (73,505) (73,505) INFORMATION (UNAUDITED) - - FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 64,530,750 70,699,317 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 7.1 At fair value through profit or loss - Held for trading

7.1.1 Listed equity shares / units of mutual funds Right Percentage Bonus Market Market Market shares Merger/ Carrying of paid-up Purchase issue Sale As at 31 value as at value as value as As at 01 purchased / demerger/ value as at capital of the Name of Investee Companies during the during during the December 31 percentage percentage Right Percentage July 2015 subscribed adjust. 31 December investee Bonus Market Market Market period the Year 2015 December of Net of shares Merger/ Carrying of paid-up during the Effects 2015 company Purchase issue Sale As at 31 value as at value as value as period 2015 Assets Investments As at 01 purchased / demerger/ value as at capital of the period held Name of Investee Companies during the during during the December 31 percentage percentage July 2015 subscribed adjust. 31 December investee period the Year 2015 December of Net of during the Effects 2015 company ------(Number of shares) ------(Rupees in '000) ------(%) ------period 2015 Assets Investments period held Refinery ------(Number of shares) ------(Rupees in '000) ------(%) ------Pakistan Refinery Limited 104,928 - - - - 104,928 ------104,928 - - - - 104,928 - - - - - Close - End Mutual Fund Power Generation & Distribution PICIC Growth Fund 37,442 - - - - - 37,442 1,028 844 - - 0.01 Kohinoor Energy Limited 511,867 - - - - 46,000 465,867 23,526 20,032 0.03 0.03 0.27 37,442 - - - - - 37,442 1,028 844 - - 511,867 - - - - 46,000 465,867 23,526 20,032 0.03 0.03 Modarabas Oil & Gas Marketing Companies Alnoor Modarba First 663,440 - - - - 55,000 608,440 2,616 2,434 - - 2.90 Sui Northern Gas Pipelines Limited 47,432 - - - - - 47,432 1,264 1,140 - - 0.01 B.R.R. Guardian Modarba 1,864,274 - - - - 40,000 1,824,274 14,102 13,281 0.02 0.02 2.34 47,432 - - - - - 47,432 1,264 1,140 - - Elite Capital Modarba First 395,120 - - - - 2,500 392,620 1,641 1,668 - - 3.46 Oil & Gas Exploration Companies First Fidelity Leasing Modarba 495,078 - - - - - 495,078 1,475 1,411 - - 1.87 Oil & Gas Development Company IBL Modarba First 1,078,774 - - - - - 1,078,774 2,816 4,434 0.01 0.01 5.34 Limited 127,900 14,500 - - - 142,400 ------KASB Modaraba 392,245 - - - - - 392,245 1,291 1,169 - - 1.39 Pakistan Oilfields Limited - 50,000 - - - 50,000 - - - - - Standard Chartered Modaraba 1,955,098 - - - - 146,500 1,808,598 54,258 49,194 0.08 0.08 3.99 Pakistan Petroleum Limited - 42,000 - - - 42,000 ------U.D.L. Modaraba First 808,125 - - - - 52,500 755,625 18,724 16,366 0.03 0.03 2.86 127,900 106,500 - - - 234,400 - - - - - 7,652,154 - - - - 296,500 7,355,654 96,923 89,957 0.14 0.14 Automobile Parts Accessories Leasing Companies General Tyre And Rubber Company - 16,000 - - - - 16,000 2,456 2,745 - - 0.03 English Leasing Limited 707,261 - - - - - 707,261 460 - - - 8.84 of Pakistan Limited National Asset Leasing Corporation Limited 265,013 - - - - - 265,013 26 - - - 2.78 - 16,000 - - - - 16,000 2,456 2,745 - - Natover Lease & Refinance Limited 729,349 - - - - - 729,349 - - - - 8.31 Cable & Electric Goods 1,701,623 - - - - - 1,701,623 486 - - - Siemens Pakistan Engineering 34,713 - - - - - 34,713 44,232 31,242 0.05 0.05 0.42 Investment Banks / Investment Company Limited Companies / Securities Companies 34,713 - - - - - 34,713 44,232 31,242 0.05 0.05 Invest Capital Investment Bank Limited 1,438,138 - - - - 100,000 1,338,138 1,940 1,847 - - 0.47 Transport 1,438,138 - - - - 100,000 1,338,138 1,940 1,847 - - Pakistan International Airlines Commercial Banks Corporation 227,650 - - - - 25,000 202,650 2,203 1,714 - - 0.01 Allied Bank Limited - 15,000 - - - 15,000 ------227,650 - - - - 25,000 202,650 2,203 1,714 - - Habib Bank Limited - 15,000 - - - 15,000 ------Fertilizer MCB Bank Limited - 29,800 - - - - 29,800 7,697 6,462 0.01 0.01 0.00 Dawood Hercules Corporation Limited 731,456 - - - - 252,200 479,256 55,963 57,098 0.09 0.09 0.10 - 59,800 - - - 30,000 29,800 7,697 6,462 0.01 0.01 Fauji Fertilizer Bin Qasim Limited - 35,000 - - - - 35,000 2,108 1,844 - - 0.00 Textile Spining 731,456 35,000 - - - 252,200 514,256 58,071 58,942 0.09 0.09 D.S.Industries Limited 335,102 - - - - 35,000 300,102 1,206 903 - - 0.50 Pharmaceuticals Din Textile Mills Limited 22,920 - - - - - 22,920 3,008 2,625 - - 0.10 Abbot Laboatories (Pakistan) Limited 60,009 - - - - 1,500 58,509 39,043 37,153 0.06 0.06 0.06 Maqbool Textile Mills Limited 245,873 - - - - - 245,873 4,770 3,838 0.01 0.01 1.46 Glaxosmithkline (Pakistan) Limited 103,959 - - - - 103,959 ------Premium Textile Mills Limited 2,016 - - - - - 2,016 201 179 - - 0.03 Highnoon Laboratories Limited 103,698 - - - - 98,300 5,398 1,383 3,117 - - 0.03 605,911 - - - - 35,000 570,911 9,185 7,545 0.01 0.01 267,666 - - - - 203,759 63,907 40,426 40,270 0.06 0.06 Textile Composite Chemical Crescent Textile Mills Limited 237,572 - - - - 92,000 145,572 3,079 2,770 - - 0.24 Linde Pakistan Limited (BOC) 66,160 - - - - 5,000 61,160 8,557 7,111 0.01 0.01 0.24 Cresent Textile Mills Limited Right - - - 56,976 - - 56,976 - 54 - - 0.46 Sitara Chemical Industries Limited 17,064 - - - - 17,064 ------Fateh Textile Mills Limited. 58,125 - - - - - 58,125 - - - - 4.65 83,224 - - - - 22,064 61,160 8,557 7,111 0.01 0.01 Gul Ahmed Textile Mills Limited 3,073,622 - - - - 150,000 2,923,622 143,403 105,952 0.17 0.16 1.28 Paper & Board Kohinoor Mills 1,485,229 - - - - 140,000 1,345,229 23,272 21,564 0.03 0.03 2.64 Packages Limited - 2,550 - - - 2,550 ------Mehmood Textile Mills Limited 128,063 - - - - - 128,063 40,138 29,557 0.05 0.05 0.85 Security Papers Limited 42,928 - - - - 500 42,428 3,757 3,738 0.01 0.01 0.07 Sapphire Fibers Limited 362,871 - - - - - 362,871 214,094 255,443 0.40 0.40 1.84 42,928 2,550 - - - 3,050 42,428 3,757 3,738 0.01 0.01 Sapphire Textile Mills Limited 571,112 - - - - - 571,112 326,676 456,890 0.71 0.71 2.84 Leather & Tanneries 5,916,594 - - 56,976 - 382,000 5,591,570 750,662 872,230 1.36 1.35 Service Industries Limited 1,660,475 - - - - 4,500 1,655,975 1,399,912 1,407,579 2.20 2.18 13.77 Wollen 1,660,475 - - - - 4,500 1,655,975 1,399,912 1,407,579 2.20 2.18 Bannu Woollen Mills Limited 468,137 - - - - 34,000 434,137 22,093 21,963 0.03 0.03 4.57 Foods & Personal Care Products 468,137 - - - - 34,000 434,137 22,093 21,963 0.03 0.03 Engro Foods - 35,000 - - - - 35,000 5,601 5,130 0.01 0.01 0.00 Synthetic & Rayon Nestle Pakistan Limited 2,796 - - - - 240 2,556 24,924 19,937 0.03 0.03 0.01 Pakistan Synthetics Limited 2,484,783 - - - - 305,000 2,179,783 37,863 36,969 0.06 0.06 3.89 2,796 35,000 - - - 240 37,556 30,525 25,067 0.04 0.04 2,484,783 - - - - 305,000 2,179,783 37,863 36,969 0.06 0.06 Glass & Ceramics Cement Ghani Glass Mills Limited 343,301 - - - - 242,500 100,801 8,751 8,874 0.01 0.01 0.08 D. G. Khan Cement Company Limited - 30,000 - - - 30,000 ------Ghani Glass Mills Limited - Right - - - 70,560 - - 70,560 - 5,542 0.01 0.01 0.07 Fauji Cement Company Limited - 500,000 - - - - 500,000 18,666 18,410 0.03 0.03 343,301 - - 70,560 - 242,500 171,361 8,751 14,416 0.02 0.02 Lucky Cement Limited - 50,000 - - - - 50,000 28,063 24,752 0.04 0.04 0.02 Miscellaneous - 580,000 - - - 30,000 550,000 46,729 43,162 0.07 0.07 Pakistan Services Limited 210,756 - - - - - 210,756 104,324 115,916 0.18 0.18 0.65 Tobacco Tri Pack Films Limited 257,958 - - - - 88,800 169,158 31,190 41,728 0.07 0.06 0.56 Pakistan Tobacco Company Limited 29,714 - - - - 5,350 24,364 22,024 27,146 0.04 0.04 0.01 468,714 - - - - 88,800 379,914 135,514 157,644 0.25 0.24 29,714 - - - - 5,350 24,364 22,024 27,146 0.04 0.04 Delisted / Unqouted Companies Callmate Telips Telecom 83 - - - - - 83 - - - - 0.00 Sapphire Holding Limited 571,112 - - - - - 571,112 5,711 5,711 0.01 0.01 2.84 Unilever Brothers Limited - Preference 123 - - - - - 123 1,845 1,845 - - - 571,318 - - - - - 571,318 7,556 7,556 0.01 0.01

25,560,864 834,850 - 127,536 - 2,445,291 24,077,959 2,763,380 2,887,321 4.49 4.45

7.1.2 All shares are fully paid up ordinary shares of Rs 10 each unless otherwise stated. 7.2 Available for sale

7.2.1 Listed equity shares / units of mutual funds

Right Percentage Bonus Carrying Market Market Market shares Merger/ of paid-up Purchase issue Sale As at 31 value as at value as at value as value as As at 01 July purchased / demerger/ capital of Name of Investee Companies during the during during the December 31 31 percentage percentage 2015 subscribed adjust. the investee period the Year 2015 December December of Net of during the Effects company period 2015 2015 Assets Investments period held

------(Number of Shares) ------(Rupees in '000) ------(%) ------Close - End Mutual Fund Dominion Stock Fund 157,629 - - - - - 157,629 54 54 - - 3.15 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 144,853 0.23 0.22 2.27 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 115,536 0.18 0.18 3.56 16,867,521 - - - - - 16,867,521 56,513 260,443 0.41 0.40 Modarabas B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 13,527 0.02 0.02 2.38 Habib Modarba First 1,584,070 - - - - - 1,584,070 8,982 15,841 0.02 0.02 0.79 Standard Chartered Modaraba 1,948,462 - - - - - 1,948,462 13,269 52,998 0.08 0.08 4.29 5,390,609 - - - - - 5,390,609 24,648 82,366 0.12 0.12 Leasing Companies Next Capital Limited 500,000 - - - - - 500,000 1,900 3,645 0.01 0.01 2.50 Orix Leasing Pakistan Limited 1,333,580 - - - - 630,000 703,580 3,680 42,567 0.07 0.07 0.86 Security Leasing Corporation Limited 371,026 - - - - 50,000 321,026 543 610 - - 0.88 Saudi Pak Leasing Limited 556,752 - - - - 184,000 372,752 179 645 - - 0.83 2,761,358 - - - - 864,000 1,897,358 6,302 47,467 0.08 0.08 Investment Banks / Investment Companies / Securities Companies Dawood Capital Management Limited 663,832 - - - - - 663,832 431 1,427 - - 4.43 First Capital Securities Corporation - - Limited 3,988,559 - - - - 10,000 3,978,559 7,207 11,538 0.02 0.02 1.26 First Dawood Investment Bank Limited 2,368,064 - - - - 490,000 1,878,064 1,427 2,498 - - 3.00 Invest Capital Investment Bank Limited 8,271,554 - - - - - 8,271,554 1,654 11,415 0.02 0.02 2.90 IGI Investment Bank Limited 6,433,579 - - - - 1,429,000 5,004,579 4,504 7,857 0.01 0.01 2.36 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 J.O.V.& Company Limited 1,775,606 - - - - - 1,775,606 - - - - 3.49 Jahangir Siddiqui & Company Limited 993,701 - - 188,740 - 75,000 1,107,441 5,590 23,190 0.04 0.04 0.15 Prudential Investment Bank Limited 326,292 - - - - - 326,292 - - - - 3.26 Security Investment Bank Limited 2,262,698 - - - - - 2,262,698 2,828 5,182 0.01 0.01 4.40 27,182,403 - - 188,740 - 2,004,000 25,367,143 23,641 63,107 0.10 0.10 Commercial Banks Allied Bank Limited 1,864,104 - - - - 305,500 1,558,604 98,820 146,914 0.23 0.23 0.14 Askari Bank Limited 30,034,856 - - - - 2,454,500 27,580,356 252,050 599,597 0.94 0.93 2.19 Bank Al - Falah Limited 1,438,409 - - - - 450,000 988,409 11,240 28,486 0.04 0.04 0.07 Bank Al - Habib Limited 84,316,829 100,000 - - - 7,076,500 77,340,329 838,183 3,217,357 5.03 4.99 6.96 Bankislami Pakistan 397,816 - - - - 150,000 247,816 1,532 2,850 - - 0.04 Faysal Bank Limited 6,309,853 - - - - 2,760,000 3,549,853 18,200 54,774 0.09 0.08 0.30 Habib Bank Limited 1,517,533 - - - - 295,000 1,222,533 164,035 244,653 0.38 0.38 0.08 Habib Metropolitan Bank Limited 58,007,607 25,000 - - - 4,870,000 53,162,607 808,242 1,619,865 2.53 2.51 5.07 JS Bank Limited 12,586,161 - - - - 2,381,500 10,204,661 19,636 79,086 0.12 0.12 0.95 MCB Bank Limited 113,842 - - - - - 113,842 13,408 24,687 0.04 0.04 0.01 National Bank Of Pakistan Limited 1,462,078 - - - - 350,000 1,112,078 33,064 60,097 0.09 0.09 0.05 NIB Bank Limited 4,151,532 - - - - 2,500,000 1,651,532 2,495 3,138 - - 0.02 Samba Bank Limited 3,823,804 - - - - 590,500 3,233,304 8,315 19,400 0.03 0.03 0.32 Silkbank Limited 11,179,004 - - 20,878,413 - 11,177,000 20,880,417 32,574 38,002 0.06 0.06 0.78 NATIONAL INVESTMENT (UNIT) TRUST NATIONALSummit Bank Limited INVESTMENT 2,507,478 (UNIT) - TRUST - - - 1,975,500 531,978 1,112 2,091 - - 0.05 Soneri Bank Limited 117,273,049 - - - - 6,101,000 111,172,049 355,103 1,682,033 2.63 2.61 10.08 United Bank Limited 823,599 - - - - 65,000 758,599 83,487 117,545 0.18 0.18 0.06 NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL NOTES TO AND FORMING 337,807,554 PART 125,000 OF - THE20,878,413 CONDENSED - 43,502,000 315,308,967 INTERIM 2,741,496 7,940,575 FINANCIAL 12.39 12.29 Textile Spining Adil Textile Mills Limited 93,592 - - - - - 93,592 - 833 - - 1.21 INFORMATION (UNAUDITED) INFORMATIONAmtex Limited (UNAUDITED) 918,523 - - - - 555,000 363,523 436 694 - - 0.14 Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR7.2 THEAsimAvailable Textile SIX Mills Limitedfor AND sale THREE 1,142,800 MONTHS - PERIOD - - ENDED - DECEMBER 2,000 1,140,800 31, - 2015 6,959 0.01 0.01 7.52 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 3,223 0.01 - 2.21 7.2.1 BrothersListed Textile equity Mills Limited shares / units 602,461of mutual -funds - - - 20,000 582,461 - 3,052 - - 5.94 Crescent Cotton Mills Limited 1,048,579 - - - - - 1,048,579 5,505 49,283 0.08 0.08 4.91 Crescent Fibres Limited 852,681 - - - - - 852,681 - 37,825 0.06 0.06 6.87 7.2 Available for sale Colony Textile Mills Limited 1,204,498 - - - - 105,000 1,099,498 1,389 3,309 0.01 0.01 1.39 Right Percentage Chakwal Spinning Mills Limited 754,008 - Bonus - - - - 754,008 Carrying - Market 12,818 Market 0.02 Market 0.02 1.89 shares Merger/ of paid-up Data Textile Limited 618,595 Purchase - issue - - - Sale - As 618,595 at 31 value as - at value as - at value as- value as - 6.24 As at 01 July purchased / demerger/ capital of 7.2.1 Listed equity shares / units of mutual funds Name of Investee Companies during the during during the December 31 31 percentage percentage Din Textile Mills Limited 2015 340,301 - - subscribed - adjust. - - 340,301 3,847 38,964 0.06 0.06 the investee 1.52 period the Year 2015 December December of Net of Dewan Khalid Textile Mills Limited 224,486 - - during the- Effects - - 224,486 224 1,403 - - company 3.95 period 2015 2015 Assets Investments Dewan Mushtaq Textile Mills Limited 197,424 - - period - - 5,000 192,424 385 1,006 - - held 5.60 Right Percentage Bonus Carrying Market Market Market D. M. Textile Mills Limited 331,614 - - - - 2,500 329,114 592 12,786 0.02 0.02 10.78 shares Merger/ of paid-up Purchase issue Sale As at 31 value as at value as at value as value as D.S.Industries Limited ------44,780 - - (Number of - Shares) ------44,780------(Rupees 34 in '000) 135 ------(%) ------0.07 As at 01 July purchased / demerger/ capital of Name of Investee Companies during the during during the December 31 31 percentage percentage Close - End Mutual Fund 2015 subscribed adjust. the investee Dar-Es-Salaam Textile Mills Limited 266,787 - - - - 5,000 261,787 576 1,243 - - 3.27 period the Year 2015 December December of Net of Dominion Stock Fund 157,629 - - - - - 157,629 54 54 - - 3.15 during the Effects company Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 34,726 0.05 0.05 6.43 period 2015 2015 Assets Investments Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 period held Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 FazalPICIC ClothGrowth Mills Fund Limited . 1,768,4886,429,358 - - - - - 1,768,4886,429,358 13,41535,940 222,829144,853 0.350.23 0.350.22 5.892.27 ------(Number of Shares) ------(Rupees in '000) ------(%) ------PICICFazal TextileInvestment Mills LimitedFund 10,108,128 67,755 - - - (67,755) - - 10,108,128 - 20,519 - 115,536 - 0.18 - 0.18 - 3.56 - Close - End Mutual Fund Gadoon Textile Mills 16,867,521 - - - - 132,499 - - 16,867,521 132,499 56,513 1,231 260,443 17,735 0.030.41 0.030.40 0.57 Dominion Stock Fund 157,629 - - - - - 157,629 54 54 - - 3.15 GlobeModarabas Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 GulshanB.R.R. Guardian Spinning Modarba Mills Limited 1,151,9741,858,077 - - - - 14,000 - 1,137,9741,858,077 2,2762,397 13,527 2,333 0.02 - 0.02 - 5.122.38 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 144,853 0.23 0.22 2.27 GulistanHabib Modarba Textile MillsFirst Limited 1,584,070 734,617 - - - - - 1,584,070 734,617 5,8778,982 15,841 11,019 0.02 0.02 3.870.79 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 115,536 0.18 0.18 3.56 StandardHajra Textile Chartered Mills Limited Modaraba 1,948,462 518,063 - - - - - 1,948,462 518,063 13,269 - 52,998 - 0.08 - 0.08 - 3.774.29 16,867,521 - - - - - 16,867,521 56,513 260,443 0.41 0.40 Ideal Spinning Mills Limited. 5,390,609 658,396 - - - - - 5,390,609 658,396 24,648 922 82,366 5,399 0.010.12 0.010.12 6.64 Modarabas IndusLeasing Dyeing Companies Manufacturing - - B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 13,527 0.02 0.02 2.38 NextCompany Capital Limited Limited 525,295500,000 - - - - - 525,295500,000 5,5091,900 489,748 3,645 0.760.01 0.760.01 2.912.50 Habib Modarba First 1,584,070 - - - - - 1,584,070 8,982 15,841 0.02 0.02 0.79 J.Orix A. LeasingTextile Mills Pakistan Limited Limited 1,333,580 279,861 - - - - 152,500630,000 127,361703,580 3,680 - 42,567 479 0.07 - 0.07 - 1.010.86 Standard Chartered Modaraba 1,948,462 - - - - - 1,948,462 13,269 52,998 0.08 0.08 4.29 SecurityKarim Cotton Leasing Mills Corporation Limited Limited 371,026110,562 - - - - 50,000 - 321,026110,562 543 - 610 - - - 9.340.88 5,390,609 - - - - - 5,390,609 24,648 82,366 0.12 0.12 SaudiKohinoor Pak Spinning Leasing MillsLimited Limited 556,752540,827 - - - - 184,000 - 372,752540,827 179 - 9,032 645 0.01 - 0.01 - 0.830.42 Leasing Companies Khalid Siraj Textile Mills Limited 2,761,358 700,498 - - - - 864,000 6,000 1,897,358 694,498 6,302 - 47,467 2,438 0.08 - 0.08 - 6.49 Next Capital Limited 500,000 - - - - - 500,000 1,900 3,645 0.01 0.01 2.50 LandInvestment Mark Spinning Banks / IndustriesInvestment Limited 395,437 - - - - - 395,437 - 2,804 - - 3.26 Orix Leasing Pakistan Limited 1,333,580 - - - - 630,000 703,580 3,680 42,567 0.07 0.07 0.86 Companies / Securities Companies Right Percentage Mehr Dastgir Textile Mills Limited 259 - Bonus - - - - 259 Carrying - Market - Market - Market - 0.00 Security Leasing Corporation Limited 371,026 - - - - 50,000 321,026 543 610 - - 0.88 Dawood Capital Management Limited 663,832 - - shares - Merger/ - - 663,832 431 1,427 - - of paid-up 4.43 Maqbool Textile Mills Limited. 1,420,216 Purchase - issue - - - Sale - As 1,420,216 at 31 value 11,362 as at value 22,170 as at value 0.03 as value 0.03as 8.45 As at 01 July purchased / demerger/ capital of Saudi Pak Leasing Limited 556,752 - - - - 184,000 372,752 179 645 - - 0.83 FirstOlympia CapitalName Textile ofSecurities Investee Mills Limited. Corporation Companies 358,359 during -the during - - - during the - December 358,359 31 - 31 4,838 percentage 0.01 - percentage 0.01 - 3.32 2015 subscribed adjust. the investee 2,761,358 - - - - 864,000 1,897,358 6,302 47,467 0.08 0.08 PremiumLimited Textile Mills Limited 3,988,559 807,307 period - the - - - Year 10,000 - 3,978,559 2015 807,307 December 8,8037,207 December 71,815 11,538 of Net 0.020.11 of 0.020.11 13.10 1.26 during the Effects company Investment Banks / Investment First Dawood Investment Bank Limited 2,368,064 - period - - - 490,000 1,878,064 2015 1,427 2015 2,498 Assets - Investments - 3.00 Reliance Cotton Spinning Mills Limited 465,638 - - period - - - 465,638 3,824 46,098 0.07 0.07 held 4.52 Companies / Securities Companies RubyInvest Textile Capital Mills Investment Limited Bank Limited 8,271,554 482,164 - - - - - 8,271,554 482,164 1,654 - 11,415 2,122 0.02 - 0.02 - 0.922.90 IGI Investment Bank Limited 6,433,579 - - - - 1,429,000 5,004,579 4,504 7,857 0.01 0.01 2.36 Dawood Capital Management Limited 663,832 - - - - - 663,832 431 1,427 - - 4.43 Saif Textile Mills Limited ------1,955,871 - - (Number of - Shares) ------4,000 1,951,871------(Rupees 4,821 in '000) 36,929 ------0.06 (%) 0.06 ------7.39 First Capital Securities Corporation - - SalfiInvestec Textile Securities Mills Limited Limited 104,645 98,518 - - - - - 104,645 98,518 956 - 12,924 - 0.02 - 0.02 - 3.130.60 Limited 3,988,559 - - - - 10,000 3,978,559 7,207 11,538 0.02 0.02 1.26 SalmanJ.O.V.& CompanyNoman Enterpries Limited Limited 1,775,606 293,899 - - - - - 1,775,606 293,899 - 1,293 - - - 6.583.49 First Dawood Investment Bank Limited 2,368,064 - - - - 490,000 1,878,064 1,427 2,498 - - 3.00 ServiceJahangir (Textile) Siddiqui Industries & Company Limited Limited 162,908993,701 - - 188,740 - - 75,000 - 1,107,441 162,908 5,590 - 23,190 1,808 0.04 - 0.04 - 3.660.15 Invest Capital Investment Bank Limited 8,271,554 - - - - - 8,271,554 1,654 11,415 0.02 0.02 2.90 ShadabPrudential Textile Investment Mills Limited Bank Limited 326,292 94,207 - - - - - 326,292 94,207 - 4,786 - 0.01 - 0.01 - 3.143.26 IGI Investment Bank Limited 6,433,579 - - - - 1,429,000 5,004,579 4,504 7,857 0.01 0.01 2.36 SajjadSecurity Textile Investment Mills Limited Bank Limited 2,262,698 316,932 - - - - - 2,262,698 316,932 2,828 - 4,1205,182 0.01 0.01 1.494.40 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 Sally Textile Mills Limited 27,182,403 348,279 - - 188,740 - - 2,004,000 - 25,367,143 348,279 23,641 - 63,107 3,761 0.010.10 0.010.10 3.97 J.O.V.& Company Limited 1,775,606 - - - - - 1,775,606 - - - - 3.49 SanaCommercial Industries Banks Limited 423,001 - - - - - 423,001 3,925 37,224 0.06 0.06 4.92 Jahangir Siddiqui & Company Limited 993,701 - - 188,740 - 75,000 1,107,441 5,590 23,190 0.04 0.04 0.15 SargodhaAllied Bank Spinning Limited Mills Limited 1,864,104 588,202 - - - - 305,500 - 1,558,604 588,202 98,820 - 146,914 7,941 0.010.23 0.010.23 1.890.14 Prudential Investment Bank Limited 326,292 - - - - - 326,292 - - - - 3.26 SaritowAskari Bank Spinning Limited Mills Limited 30,034,856 1,423,435 - - - - 2,454,500 - 27,580,356 1,423,435 252,050 - 599,597 7,971 0.010.94 0.010.93 4.772.19 Security Investment Bank Limited 2,262,698 - - - - - 2,262,698 2,828 5,182 0.01 0.01 4.40 SunshineBank Al - FalahCotton Limited Mills Limited 1,438,409 426,521 - - - - 450,000 - 426,521988,409 11,240 - 28,486 - 0.04 - 0.04 - 5.430.07 27,182,403 - - 188,740 - 2,004,000 25,367,143 23,641 63,107 0.10 0.10 SunraysBank Al -Textile Habib MillsLimited Limited 84,316,829 318,842 100,000 - - - - 7,076,500 - 77,340,329 318,842 838,183 2,741 3,217,357 132,516 0.215.03 0.214.99 4.626.96 Commercial Banks TataBankislami Textile PakistanMills Limited 2,218,498 397,816 - - - - 150,000 - 2,218,498 247,816 18,725 1,532 59,899 2,850 0.09 - 0.09 - 12.81 0.04 Allied Bank Limited 1,864,104 - - - - 305,500 1,558,604 98,820 146,914 0.23 0.23 0.14 Faysal Bank Limited 30,076,939 6,309,853 - - - 64,744 - 2,760,000 871,000 29,270,683 3,549,853 105,249 18,200 1,430,290 54,774 2.210.09 2.200.08 0.30 Askari Bank Limited 30,034,856 - - - - 2,454,500 27,580,356 252,050 599,597 0.94 0.93 2.19 TextileHabib Bank Weaving Limited 1,517,533 - - - - 295,000 1,222,533 164,035 244,653 0.38 0.38 0.08 Bank Al - Falah Limited 1,438,409 - - - - 450,000 988,409 11,240 28,486 0.04 0.04 0.07 AyazHabib Textile Metropolitan Mills Limited. Bank Limited 58,007,607 210,188 25,000 - - - - 4,870,000 - 53,162,607 210,188 808,242 - 1,619,865 - 2.53 - 2.51 - 2.465.07 Bank Al - Habib Limited 84,316,829 100,000 - - - 7,076,500 77,340,329 838,183 3,217,357 5.03 4.99 6.96 HakkimJS Bank Textile Limited Mills Limited 12,586,161 257,368 - - - - 2,381,500 - 10,204,661 257,368 19,636 - 79,086 - 0.12 - 0.12 - 4.770.95 Bankislami Pakistan 397,816 - - - - 150,000 247,816 1,532 2,850 - - 0.04 SadoonMCB Bank Textile Limited Mills Limited 113,842 985 - - - - - 113,842 985 13,408 - 24,687 - 0.04 - 0.04 - 0.030.01 Faysal Bank Limited 6,309,853 - - - - 2,760,000 3,549,853 18,200 54,774 0.09 0.08 0.30 ServiceNational Fabircs Bank Of Limited Pakistan Limited 1,349,1801,462,078 - - - - 350,000 - 1,349,1801,112,078 33,064 - 60,097 - 0.09 - 0.09 - 8.560.05 Habib Bank Limited 1,517,533 - - - - 295,000 1,222,533 164,035 244,653 0.38 0.38 0.08 ShahtajNIB Bank Textile Limited Mills Limited 4,151,532 475,726 - - - - 2,500,000 - 1,651,532 475,726 4,3702,495 81,349 3,138 0.13 - 0.13 - 4.920.02 Habib Metropolitan Bank Limited 58,007,607 25,000 - - - 4,870,000 53,162,607 808,242 1,619,865 2.53 2.51 5.07 Samba Bank Limited 2,293,4473,823,804 - - - - 590,500 - 2,293,4473,233,304 4,3708,315 81,34919,400 0.130.03 0.130.03 0.32 JS Bank Limited 12,586,161 - - - - 2,381,500 10,204,661 19,636 79,086 0.12 0.12 0.95 TextileSilkbank Composite Limited 11,179,004 - - 20,878,413 - 11,177,000 20,880,417 32,574 38,002 0.06 0.06 0.78 MCB Bank Limited 113,842 - - - - - 113,842 13,408 24,687 0.04 0.04 0.01 AhmedSummit HassanBank Limited Textile Mills Limited 2,507,478 913,009 - - - - 1,975,500 - 913,009531,978 10,966 1,112 24,651 2,091 0.04 - 0.04 - 6.340.05 National Bank Of Pakistan Limited 1,462,078 - - - - 350,000 1,112,078 33,064 60,097 0.09 0.09 0.05 AzgardSoneri BankNine Limited 117,273,049 108,357 - - - - 6,101,000 - 111,172,049 108,357 355,103 309 1,682,033 479 2.63 - 2.61 - 10.08 0.02 NIB Bank Limited 4,151,532 - - - - 2,500,000 1,651,532 2,495 3,138 - - 0.02 (Colony)United Bank Sarhad Limited Textile Mills Limited 328,879823,599 - - - - 65,000 - 328,879758,599 83,487 - 117,545 164 0.18 - 0.18 - 8.220.06 Samba Bank Limited 3,823,804 - - - - 590,500 3,233,304 8,315 19,400 0.03 0.03 0.32 Crescent Textile Mills Limited 337,807,554 2,337,513 125,000 - - 20,878,413 - - 43,502,000 - 315,308,967 2,337,513 2,741,496 21,786 7,940,575 44,483 12.39 0.07 12.29 0.07 3.80 Silkbank Limited 11,179,004 - - 20,878,413 - 11,177,000 20,880,417 32,574 38,002 0.06 0.06 0.78 CrescentTextile Spining Textile Mills Limited - Right - - - 702,542 - - 702,542 - 667 - - 5.71 Summit Bank Limited 2,507,478 - - - - 1,975,500 531,978 1,112 2,091 - - 0.05 DawoodAdil Textile Lawrencepur Mills Limited Limited 275,595 93,592 - - - - - 275,595 93,592 6,004 - 38,581 833 0.06 - 0.06 - 0.471.21 Soneri Bank Limited 117,273,049 - - - - 6,101,000 111,172,049 355,103 1,682,033 2.63 2.61 10.08 FatehAmtex Sports Limited Wear Limited 918,523 45,300 - - - - 555,000 - 363,523 45,300 436 - 2,656 694 - - 2.270.14 United Bank Limited 823,599 - - - - 65,000 758,599 83,487 117,545 0.18 0.18 0.06 FatehAl - Qaim Textile Textile Mills Mills Limited. Limited 358,753 35,925 - - - - - 358,753 35,925 - - - - 2.874.81 337,807,554 125,000 - 20,878,413 - 43,502,000 315,308,967 2,741,496 7,940,575 12.39 12.29 GulAsim Ahmed Textile Textile Mills Limited Mills Limited 1,899,6511,142,800 - - - - 128,500 2,000 1,771,1511,140,800 11,999 - 64,187 6,959 0.100.01 0.100.01 0.787.52 Textile Spining IshaqBabri CottonTextile Mills Limited 443,946 80,578 - - - - 12,000 - 431,946 80,578 894392 3,8883,223 0.01 0.01 - 4.472.21 Adil Textile Mills Limited 93,592 - - - - - 93,592 - 833 - - 1.21 KaiserBrothers Arts Textile & Krafts Mills Mills Limited Limited 602,461 36,944 - - - - 20,000 - 582,461 36,944 - 3,052 - - - 0.435.94 Amtex Limited 918,523 - - - - 555,000 363,523 436 694 - - 0.14 KohinoorCrescent MillsCotton Mills Limited 2,859,8301,048,579 - - - - - 2,859,8301,048,579 3,0035,505 45,84349,283 0.070.08 0.070.08 5.624.91 Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 KohinoorCrescent TextileFibres LimitedMills Limited 2,747,234 852,681 - - - - 428,500 - 2,318,734 852,681 7,095 - 165,789 37,825 0.260.06 0.260.06 0.946.87 Asim Textile Mills Limited 1,142,800 - - - - 2,000 1,140,800 - 6,959 0.01 0.01 7.52 MuhammadColony Textile Farooq Mills LimitedTextile Mills 1,204,498 - - - - 105,000 1,099,498 1,389 3,309 0.01 0.01 1.39 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 3,223 0.01 - 2.21 ChakwalLimited Spinning Mills Limited 649,777754,008 - - - - 38,500 - 754,008611,277 293 - 12,818 2,017 0.02 - 0.02 - 3.241.89 Brothers Textile Mills Limited 602,461 - - - - 20,000 582,461 - 3,052 - - 5.94 MasoodData Textile Textile Limited Mills Limited 2,025,828 618,595 - - - - 13,500 - 2,012,328 618,595 37,039 - 402,445 - 0.63 - 0.62 - 3.356.24 Crescent Cotton Mills Limited 1,048,579 - - - - - 1,048,579 5,505 49,283 0.08 0.08 4.91 MianDin Textile Textile Mills Mills Limited Limited 645,578340,301 - - - - 20,000 - 625,578340,301 3,847 188 38,964 1,458 0.06 - 0.06 - 2.831.52 Crescent Fibres Limited 852,681 - - - - - 852,681 - 37,825 0.06 0.06 6.87 NishatDewan (Chunian) Khalid Textile Limited Mills Limited 8,640,868 224,486 - - - - 938,500 - 7,702,368 224,486 103,772 224 261,881 1,403 0.41 - 0.41 - 3.853.95 Colony Textile Mills Limited 1,204,498 - - - - 105,000 1,099,498 1,389 3,309 0.01 0.01 1.39 NishatDewan Mills Mushtaq Limited Textile Mills Limited 6,283,599 197,424 - - - - 328,700 5,000 5,954,899 192,424 258,205 385 564,941 1,006 0.88 - 0.88 - 1.695.60 Chakwal Spinning Mills Limited 754,008 - - - - - 754,008 - 12,818 0.02 0.02 1.89 ParamountD. M. Textile Spinning Mills Limited Mills Limited. 1,899,686 331,614 - - - - 96,000 2,500 1,803,686 329,114 4,906 592 12,786 4,906 0.010.02 0.010.02 10.3910.78 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 RelianceD.S.Industries Weaving Limited Mills Limited 592,645 44,780 - - - - - 592,645 44,780 2,074 34 16,001 135 0.02 - 0.02 - 1.920.07 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 38,964 0.06 0.06 1.52 SapphireDar-Es-Salaam Textile TextileMills Limited Mills Limited 352,976266,787 - - - - 5,000 - 352,976261,787 24,355 576 282,382 1,243 0.44 - 0.44 - 1.763.27 Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 1,403 - - 3.95 SchonEllcot SpinningTextiles Limited Mills Limited 258,610704,380 - - - - - 258,610704,380 7,482 - 34,726 - 0.05 - 0.05 - 2.166.43 Dewan Mushtaq Textile Mills Limited 197,424 - - - - 5,000 192,424 385 1,006 - - 5.60 SapphireFatima Enterprises Fibers Limited Limited 224,435628,671 - - - - - 224,435628,671 16,945 - 157,991 - 0.25 - 0.24 - 1.144.42 D. M. Textile Mills Limited 331,614 - - - - 2,500 329,114 592 12,786 0.02 0.02 10.78 ShamsFazal Cloth Textile Mills Mills Limited Limited . 1,768,4881,211,998 - - - - - 1,768,4881,211,998 13,415 6,908 222,829 33,500 0.050.35 0.050.35 14.03 5.89 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 - - 0.07 SurajFazal CottonTextile Mills Limited 518,566 67,755 - 51,656 - - (67,755) - 2,000 - 568,222 - 5,586 - 88,074 - 0.14 - 0.14 - 2.37 - Dar-Es-Salaam Textile Mills Limited 266,787 - - - - 5,000 261,787 576 1,243 - - 3.27 TajGadoon Textile Textile Mills LimitedMills 1,409,947 - - - - 132,499 - - 1,409,947 132,499 1,231 - 17,735 578 0.03 - 0.03 - 4.220.57 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 34,726 0.05 0.05 6.43 ZahurGlobe CottonTextile Mills Limited 485,694 2,472 - - - - - 485,694 2,472 - - - - 4.930.02 Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 Gulshan Spinning Mills Limited 37,232,390 1,151,974 - 51,656 - 702,542 - - 2,006,200 14,000 35,980,388 1,137,974 522,327 2,276 2,207,562 2,333 3.44 - 3.42 - 5.12 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 222,829 0.35 0.35 5.89 WollenGulistan Textile Mills Limited 734,617 - - - - - 734,617 5,877 11,019 0.02 0.02 3.87 Fazal Textile Mills Limited 67,755 - - - (67,755) ------MoonliteHajra Textile (Pakistan) Mills Limited Limited 518,063115,477 - - - - - 518,063115,477 635 - 2,540 - - - 5.353.77 Gadoon Textile Mills - - - - 132,499 - 132,499 1,231 17,735 0.03 0.03 0.57 Ideal Spinning Mills Limited. 658,396115,477 - - - - - 658,396115,477 635922 2,5405,399 0.01 - 0.01 - 6.64 Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 SyntheticIndus Dyeing & Rayon Manufacturing - - Gulshan Spinning Mills Limited 1,151,974 - - - - 14,000 1,137,974 2,276 2,333 - - 5.12 Al-AbidCompany Silk Mills Limited Limited. 1,145,187 525,295 - - - - 31,500 - 1,113,687 525,295 6,1925,509 489,748 22,430 0.040.76 0.030.76 8.312.91 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 5,877 11,019 0.02 0.02 3.87 IbrahimJ. A. Textile Fibres Mills Limited Limited 1,597,530 279,861 - - - - 152,500 - 1,597,530 127,361 43,197 - 68,933 479 0.11 - 0.11 - 0.511.01 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 RupaliKarim CottonPolyester Mills Limited Limited 957,000110,562 - - - - 300,500 - 656,500110,562 7,353 - 7,694 - 0.01 - 0.01 - 1.939.34 Ideal Spinning Mills Limited. 658,396 - - - - - 658,396 922 5,399 0.01 0.01 6.64 Kohinoor Spinning Mills Limited 3,699,717 540,827 - - - - 332,000 - 3,367,717 540,827 56,742 - 99,057 9,032 0.160.01 0.150.01 0.42 Indus Dyeing Manufacturing - - JuteKhalid Siraj Textile Mills Limited 700,498 - - - - 6,000 694,498 - 2,438 - - 6.49 Company Limited 525,295 - - - - - 525,295 5,509 489,748 0.76 0.76 2.91 CrescentLand Mark Jute Spinning Proudcts Industries Limited Limited 1,488,718 395,437 - - - - 35,000 - 1,453,718 395,437 - 4,4632,804 0.01 - 0.01 - 6.123.26 J. A. Textile Mills Limited 279,861 - - - - 152,500 127,361 - 479 - - 1.01 ThalMehr Limited Dastgir Textile Mills Limited 2,745,908 259 - - - - 83,800 - 2,662,108 259 109,414 - 674,392 - 1.05 - 1.05 - 3.290.00 Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 Maqbool Textile Mills Limited. 4,234,6261,420,216 - - - - 118,800 - 1,420,2164,115,826 109,414 11,362 678,855 22,170 1.060.03 1.060.03 8.45 Kohinoor Spinning Mills Limited 540,827 - - - - - 540,827 - 9,032 0.01 0.01 0.42 SugarOlympia & TextileAllied MillsIndustries Limited. 358,359 - - - - - 358,359 - 4,838 0.01 0.01 3.32 Khalid Siraj Textile Mills Limited 700,498 - - - - 6,000 694,498 - 2,438 - - 6.49 Al-Premium Abbas Textile Sugar Mills Limited 829,583807,307 - - - - - 829,583807,307 7,8698,803 174,121 71,815 0.270.11 0.270.11 13.10 4.78 Land Mark Spinning Industries Limited 395,437 - - - - - 395,437 - 2,804 - - 3.26 Al-NoorReliance SugarCotton Mills Spinning Limited Mills Limited 2,046,887 465,638 - - - - 20,000 - 2,026,887 465,638 3,824 - 113,445 46,098 0.180.07 0.180.07 9.904.52 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 ChashmaRuby Textile Sugar Mills Mills Limited Limited. 852,227482,164 - - - - - 852,227482,164 2,770 - 51,815 2,122 0.08 - 0.08 - 2.970.92 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 22,170 0.03 0.03 8.45 DewanSaif Textile Sugar Mills Mills Limited Limited 1,932,4321,955,871 - - - - 4,000 - 1,932,4321,951,871 3,2464,821 10,59036,929 0.020.06 0.020.06 5.297.39 Olympia Textile Mills Limited. 358,359 - - - - - 358,359 - 4,838 0.01 0.01 3.32 Faran Sugar Mills Limited 2,285,774 - - - - 76,500 2,209,274 26,371 171,528 0.27 0.27 8.83 Premium Textile Mills Limited 807,307 - - - - - 807,307 8,803 71,815 0.11 0.11 13.10 Habib Sugar Mills Limited 12,070,751 - - - - 390,500 11,680,251 36,938 443,966 0.69 0.69 7.79 Reliance Cotton Spinning Mills Limited 465,638 - - - - - 465,638 3,824 46,098 0.07 0.07 4.52 Jauharabad Sugar Mills Limited 719,955 - - - - - 719,955 2,145 11,267 0.02 0.02 6.60 Ruby Textile Mills Limited 482,164 - - - - - 482,164 - 2,122 - - 0.92 Mirpurkhas Sugar Mills Limited 1,173,889 - - - - - 1,173,889 - 92,737 0.14 0.14 9.57 Saif Textile Mills Limited 1,955,871 - - - - 4,000 1,951,871 4,821 36,929 0.06 0.06 7.39 Premier Sugar Mills & Distillery Company 58,825 - - - - - 58,825 2,440 8,530 0.01 0.01 1.57 Pangrio Sugar Mills Limited 760,820 - - - - - 760,820 - 2,191 - - 7.01 Sanghar Sugar Mills Limited 1,063,616 - - - - - 1,063,616 - 56,318 0.09 0.09 8.90 Shakarganj Limited 7,049,053 - - - - 262,500 6,786,553 25,789 114,964 0.18 0.18 9.76 Shahtaj Sugar Mills Limited 801,695 - - - - - 801,695 13,393 54,363 0.08 0.08 6.67 Shahmurad Sugar Mills Limited 1,789,910 - - - - - 1,789,910 - 102,741 0.16 0.16 8.48 Sakrand Sugar Mills Limited 340,700 - - - - - 340,700 - 1,104 - - 1.53 Saleem Sugar Limited (O) 8,761 - - - - - 8,761 - - - - 0.78 Saleem Suger Limited .(P) 6 % 198 - - - - - 198 - - - - 0.40 33,785,076 - - - - 749,500 33,035,576 120,961 1,409,680 2.19 2.19 Cement Attock Cement Pakistan Limited 66,956 - - - - - 66,956 2,457 11,232 0.02 0.02 0.06 Bestway Cement Limited 447,020 - - - - - 447,020 5,223 61,608 0.10 0.10 0.08 Cherat Cement Company Limited 14,521,858 - - - - 3,815,500 10,706,358 156,815 965,499 1.51 1.50 6.06 D. G. Khan Cement Company Limited 2,063,181 - - - - 250,000 1,813,181 59,087 267,607 0.42 0.41 0.41 Fauji Cement Company Limited 2,771,867 440,000 - - - - 3,211,867 82,064 118,261 0.18 0.18 0.24 Fecto Cement Limited 1,161,655 - - - - - 1,161,655 4,530 90,680 0.14 0.14 2.32 Kohat Cement Limited 102,600 - - - - 6,100 96,500 7,615 23,245 0.04 0.04 0.06 Pakcem Limited 5,126,952 - - - - - 5,126,952 9,639 87,312 0.14 0.14 0.39 Lucky Cement Limited 1,688,235 - - - - 25,000 1,663,235 144,600 823,368 1.28 1.28 0.51 Maple Leaf Cement Factory Limited 249,746 - - - - - 249,746 578 18,626 0.03 0.03 0.05 Pioneer Cement Limited 429,444 - - - - - 429,444 1,417 39,019 0.06 0.06 0.19 Thatta Cement Limited 3,186,580 - - - - 48,000 3,138,580 56,198 81,258 0.13 0.13 3.15 Zeal Pak Cement Factory Limited 486,248 - - - - - 486,248 - 214 - - 0.11 32,302,342 440,000 - - - 4,144,600 28,597,742 530,223 2,587,929 4.05 4.03 Right Percentage Bonus Carrying Market Market Market shares Merger/ of paid-up Purchase issue Sale As at 31 value as at value as at value as value as As at 01 July purchased / demerger/ capital of Name of Investee Companies during the during during the December 31 31 percentage percentage 2015 subscribed adjust. the investee period the Year 2015 December December of Net of during the Effects company period 2015 2015 Assets Investments period held

------(Number of Shares) ------(Rupees in '000) ------(%) ------Salfi Textile Mills Limited 104,645 - - - - - 104,645 956 12,924 0.02 0.02 3.13 Salman Noman Enterpries Limited 293,899 - - - - - 293,899 - 1,293 - - 6.58 Service (Textile) Industries Limited 162,908 - - - - - 162,908 - 1,808 - - 3.66 Shadab Textile Mills Limited 94,207 - - - - - 94,207 - 4,786 0.01 0.01 3.14 Sajjad Textile Mills Limited 316,932 - - - - - 316,932 - 4,120 0.01 0.01 1.49 Sally Textile Mills Limited 348,279 - - - - - 348,279 - 3,761 0.01 0.01 3.97 Sana Industries Limited 423,001 - - - - - 423,001 3,925 37,224 0.06 0.06 4.92 Sargodha Spinning Mills Limited 588,202 - - - - - 588,202 - 7,941 0.01 0.01 1.89 Saritow Spinning Mills Limited 1,423,435 - - - - - 1,423,435 - 7,971 0.01 0.01 4.77 Sunshine Cotton Mills Limited 426,521 - - - - - 426,521 - - - - 5.43 Sunrays Textile Mills Limited 318,842 - - - - - 318,842 2,741 132,516 0.21 0.21 4.62 Tata Textile Mills Limited 2,218,498 - - - - - 2,218,498 18,725 59,899 0.09 0.09 12.81 30,076,939 - - - 64,744 871,000 29,270,683 105,249 1,430,290 2.21 2.20 Textile Weaving Ayaz Textile Mills Limited. 210,188 - - - - - 210,188 - - - - 2.46 Hakkim Textile Mills Limited 257,368 - - - - - 257,368 - - - - 4.77 Sadoon Textile Mills Limited 985 - - - - - 985 - - - - 0.03 Service Fabircs Limited 1,349,180 - - - - - 1,349,180 - - - - 8.56 Shahtaj Textile Mills Limited 475,726 - - - - - 475,726 4,370 81,349 0.13 0.13 4.92 2,293,447 - - - - - 2,293,447 4,370 81,349 0.13 0.13 Right Percentage Bonus Carrying Market Market Market Textile Composite shares Merger/ of paid-up Purchase issue Sale As at 31 value as at value as at value as value as Ahmed Hassan Textile Mills Limited 913,009 - - - - - 913,009 10,966 24,651 0.04 0.04 6.34 As at 01 July purchased / demerger/ capital of Name of Investee Companies during the during during the December 31 31 percentage percentage 2015 subscribed adjust. the investee Azgard Nine Limited 108,357 - - - - - 108,357 309 479 - - 0.02 period the Year 2015 December December of Net of during the Effects company (Colony) Sarhad Textile Mills Limited 328,879 - - - - - 328,879 - 164 - - 8.22 period 2015 2015 Assets Investments period held Crescent Textile Mills Limited 2,337,513 - - - - - 2,337,513 21,786 44,483 0.07 0.07 3.80 Crescent Textile Mills Limited - Right - - - 702,542 - - 702,542 - 667 - - 5.71 ------(Number of Shares) ------(Rupees in '000) ------(%) ------Dawood Lawrencepur Limited 275,595 - - - - - 275,595 6,004 38,581 0.06 0.06 0.47 Tobacco NATIONALFateh Sports Wear INVESTMENT Limited 45,300 (UNIT) - TRUST - - - - 45,300 - 2,656 - - 2.27 NATIONAL INVESTMENT (UNIT) TRUST Pakistan Tobacco Company Limited 1,813,539 - - - - - 1,813,539 89,919 2,020,627 3.15 3.13 0.71 Fateh Textile Mills Limited. 35,925 - - - - - 35,925 - - - - 2.87 1,813,539 - - - - - 1,813,539 89,919 2,020,627 3.15 3.13 Gul Ahmed Textile Mills Limited 1,899,651 - - - - 128,500 1,771,151 11,999 64,187 0.10 0.10 0.78 NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL NOTESRefinery TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL Ishaq Textile Mills Limited 443,946 - - - - 12,000 431,946 894 3,888 0.01 0.01 4.47 Attock Refinery Limited 2,870,757 - - - - 1,480,400 1,390,357 128,273 294,589 0.46 0.46 1.63 Kaiser Arts & Krafts Mills Limited 36,944 - - - - - 36,944 - - - - 0.43 National Refinery Limited 4,165,451 - - - - 1,521,800 2,643,651 363,957 589,957 0.92 0.91 3.31 Kohinoor Mills 2,859,830 - - - - - 2,859,830 3,003 45,843 0.07 0.07 5.62 INFORMATION (UNAUDITED) INFORMATIONPakistan Refinery Limited (UNAUDITED) 14,188,116 - - - - 4,496,072 9,692,044 147,474 438,177 0.68 0.68 3.30 Kohinoor Textile Mills Limited 2,747,234 - - - - 428,500 2,318,734 7,095 165,789 0.26 0.26 0.94 21,224,324 - - - - 7,498,272 13,726,052 639,704 1,322,723 2.06 2.05 Muhammad Farooq Textile Mills FOR7.2 THEAvailable SIX for AND sale THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR7.2 THEPowerAvailable Generation SIX for &AND Distribution sale THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 Limited 649,777 - - - - 38,500 611,277 293 2,017 - - 3.24 Hub Power Company Limited 6,289,797 - - - - 710,500 5,579,297 83,438 572,436 0.89 0.89 0.48 Masood Textile Mills Limited 2,025,828 - - - - 13,500 2,012,328 37,039 402,445 0.63 0.62 3.35 Kot Addu Power Company Limited 927,832 - - - - 75,000 852,832 26,915 69,079 0.11 0.11 0.10 7.2.1 MianListed Textile equityMills Limited shares / units 645,578of mutual -funds - - - 20,000 625,578 188 1,458 - - 2.83 7.2.1 Listed equity shares / units of mutual funds Karachi Electric Supply Company Nishat (Chunian) Limited 8,640,868 - - - - 938,500 7,702,368 103,772 261,881 0.41 0.41 3.85 Limited 5,073,775 - - - - 400,000 4,673,775 7,478 34,773 0.05 0.05 0.02 Nishat Mills Limited 6,283,599 - - - - 328,700 5,954,899 258,205 564,941 0.88 0.88 1.69 Kohinoor Energy Limited 410,390 - - - - - 410,390 6,472 17,647 0.03 0.03 0.24 Right Percentage Right Percentage Paramount Spinning Mills Limited. 1,899,686 - Bonus - - - 96,000 1,803,686 Carrying 4,906 Market 4,906 Market 0.01 Market 0.01 10.39 Bonus Carrying Market Market Market shares Merger/ of paid-up Lalpir Power Limited 1,024,055 - - shares - Merger/ - 50,000 974,055 16,705 28,968 0.05 0.04 of paid-up 0.26 Reliance Weaving Mills Limited 592,645 Purchase - issue - - - Sale - As 592,645 at 31 value 2,074 as at value 16,001 as at value 0.02 as value 0.02 as 1.92 Purchase issue Sale As at 31 value as at value as at value as value as As at 01 July purchased / demerger/ capital of Nishat Chunian Power Limited As at 866,000 01 July - - purchased - / demerger/ - 56,000 810,000 8,100 44,591 0.07 0.07 capital 0.22 of SapphireName Textile of Investee Mills Limited Companies 352,976 during -the during - - - during the- December 352,976 3124,355 282,382 31 percentage 0.44 percentage 0.44 1.76 Name of Investee Companies during the during during the December 31 31 percentage percentage 2015 subscribed adjust. the investee Sitara Energy Limited 2015 256,117 - - subscribed - adjust. - - 256,117 4,226 8,237 0.01 0.01 the investee 1.34 Schon Textiles Limited 258,610 period - the - - - Year - 2015 258,610 December - December - of Net - of - 2.16 period the Year 2015 December December of Net of during the Effects company 14,847,966 - - during the- Effects - 1,291,500 13,556,466 153,334 775,731 1.21 1.20 company Sapphire Fibers Limited 224,435 - period - - - - 224,435 2015 16,945 2015157,991 Assets 0.25 Investments 0.24 1.14 period 2015 2015 Assets Investments period held Oil & Gas Marketing Companies period held Shams Textile Mills Limited 1,211,998 - - - - - 1,211,998 6,908 33,500 0.05 0.05 14.03 Attock Petroleum Limited 55,229 - - - - - 55,229 14,920 27,897 0.04 0.04 0.07 Suraj Cotton Mills Limited 518,566 - 51,656 - - 2,000 568,222 5,586 88,074 0.14 0.14 2.37 ------(Number of Shares) ------(Rupees in '000) ------(%) ------Burshane LPG Pak Limited ------1,445,033 - - (Number of - Shares) ------18,000 1,427,033------33,516 (Rupees in '000) 111,737 ------0.17 (%) 0.17 ------6.30 TajClose Textile - End Mills Mutual Limited Fund 1,409,947 - - - - - 1,409,947 - 578 - - 4.22 Close - End Mutual Fund Pakistan State Oil Company Limited 20,215,015 - - - - - 20,215,015 1,300,764 6,585,445 10.29 10.22 7.44 ZahurDominion Cotton Stock Mills Fund Limited 485,694157,629 - - - - - 485,694157,629 - 54 - 54 - - 4.933.15 Dominion Stock Fund 157,629 - - - - - 157,629 54 54 - - 3.15 Shell Pakistan Limited 25 - - - - - 25 - 6 - - 0.00 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 Investec Mutual Fund 172,406 - - - - - 172,406 - - - - 1.72 37,232,390 - 51,656 702,542 2,006,200 35,980,388 522,327 2,207,562 3.44 3.42 Sui Northern Gas Pipelines Limited 19,513,012 - - - - - 19,513,012 109,282 469,093 0.73 0.73 3.08 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 144,853 0.23 0.22 2.27 PICIC Growth Fund 6,429,358 - - - - - 6,429,358 35,940 144,853 0.23 0.22 2.27 Wollen Sui Southern Gas Company Limited 10,696,823 - - - - 3,900,000 6,796,823 54,419 253,861 0.40 0.39 0.77 MoonlitePICIC Investment (Pakistan) Fund Limited 10,108,128 115,477 - - - - - 10,108,128 115,477 20,519 635 115,536 2,540 0.18 - 0.18 - 5.353.56 PICIC Investment Fund 10,108,128 - - - - - 10,108,128 20,519 115,536 0.18 0.18 3.56 51,925,137 - - - - 3,918,000 48,007,137 1,512,901 7,448,039 11.63 11.55 16,867,521 115,477 - - - - - 16,867,521 115,477 56,513 635 260,443 2,540 0.41 - 0.40 - 16,867,521 - - - - - 16,867,521 56,513 260,443 0.41 0.40 Oil & Gas Exploration Companies Modarabas Modarabas Synthetic & Rayon Mari Peroleum Company Limited 4,208,974 - - - - 1,033,900 3,175,074 119,816 2,213,471 3.45 3.43 2.88 Al-AbidB.R.R. GuardianSilk Mills ModarbaLimited. 1,145,1871,858,077 - - - - 31,500 - 1,858,0771,113,687 6,1922,397 22,43013,527 0.040.02 0.030.02 8.312.38 B.R.R. Guardian Modarba 1,858,077 - - - - - 1,858,077 2,397 13,527 0.02 0.02 2.38 Oil & Gas Development Company IbrahimHabib Modarba Fibres Limited First 1,597,5301,584,070 - - - - - 1,597,5301,584,070 43,197 8,982 15,84168,933 0.020.11 0.020.11 0.790.51 Habib Modarba First 1,584,070 - - - - - 1,584,070 8,982 15,841 0.02 0.02 0.79 Limited 1,576,743 - - - - 1,004,700 572,043 52,815 67,124 0.10 0.10 0.01 RupaliStandard Polyester Chartered Limited Modaraba 1,948,462 957,000 - - - - 300,500 - 1,948,462 656,500 13,269 7,353 52,998 7,694 0.010.08 0.010.08 1.934.29 Standard Chartered Modaraba 1,948,462 - - - - - 1,948,462 13,269 52,998 0.08 0.08 4.29 Pakistan Oilfields Limited 1,862,422 - - - - 1,055,100 807,322 182,394 216,378 0.34 0.34 0.34 5,390,609 - - - - - 5,390,609 24,648 82,366 0.12 0.12 5,390,609 - - - - - 5,390,609 24,648 82,366 0.12 0.12 3,699,717 - - - - 332,000 3,367,717 56,742 99,057 0.16 0.15 Pakistan Petroleum Limited 3,313,274 - - - - 1,992,100 1,321,174 130,666 160,932 0.25 0.25 0.07 LeasingJute Companies Leasing Companies 10,961,413 - - - - 5,085,800 5,875,613 485,691 2,657,905 4.14 4.12 NextCrescent Capital Jute Limited Proudcts Limited 1,488,718 500,000 - - - - 35,000 - 1,453,718 500,000 1,900 - 3,6454,463 0.01 0.01 2.506.12 Next Capital Limited 500,000 - - - - - 500,000 1,900 3,645 0.01 0.01 2.50 Engineering ThalOrix LeasingLimited Pakistan Limited 2,745,9081,333,580 - - - - 630,000 83,800 2,662,108 703,580 109,414 3,680 674,392 42,567 1.050.07 1.050.07 3.290.86 Orix Leasing Pakistan Limited 1,333,580 - - - - 630,000 703,580 3,680 42,567 0.07 0.07 0.86 Aisha Steel Mills Limited 392,388 - - - - 210,000 182,388 1,289 1,589 - - 0.07 Security Leasing Corporation Limited 371,026 - - - - 50,000 321,026 543 610 - - 0.88 Security Leasing Corporation Limited 371,026 - - - - 50,000 321,026 543 610 - - 0.88 4,234,626 - - - - 118,800 4,115,826 109,414 678,855 1.06 1.06 Ameli Steel Limited - 550,000 - - - 80,000 470,000 23,971 28,233 0.04 0.04 0.85 Saudi Pak Leasing Limited 556,752 - - - - 184,000 372,752 179 645 - - 0.83 Saudi Pak Leasing Limited 556,752 - - - - 184,000 372,752 179 645 - - 0.83 Sugar & Allied Industries Aisha Steel Mills Limited-Preference 121,208 - - - - - 121,208 - 1,002 - - 0.17 Al- Abbas Sugar Mills Limited 2,761,358 829,583 - - - - 864,000 - 1,897,358 829,583 7,8696,302 174,121 47,467 0.270.08 0.270.08 4.78 2,761,358 - - - - 864,000 1,897,358 6,302 47,467 0.08 0.08 Bolan Castings Limited 490,276 - - - - 2,000 488,276 4,830 26,318 0.04 0.04 4.26 Al-NoorInvestment Sugar Banks Mills / LimitedInvestment 2,046,887 - - - - 20,000 2,026,887 - 113,445 0.18 0.18 9.90 Investment Banks / Investment Crescent Steel And Allied Proudcts ChashmaCompanies Sugar /Mills Securities Limited. Companies 852,227 - - - - - 852,227 2,770 51,815 0.08 0.08 2.97 Companies / Securities Companies Limited 3,314,789 - - 698,947 - 981,000 3,032,736 79,592 377,181 0.59 0.58 4.88 DewanDawood Sugar Capital Mills Management Limited Limited 1,932,432 663,832 - - - - - 1,932,432 663,832 3,246 431 10,590 1,427 0.02 - 0.02 - 4.435.29 Dawood Capital Management Limited 663,832 - - - - - 663,832 431 1,427 - - 4.43 Huffaz Seamless Pipe Industries FaranFirst Capital Sugar SecuritiesMills Limited Corporation 2,285,774 - - - - 76,500 2,209,274 26,371 171,528 0.27 - 0.27 - 8.83 First Capital Securities Corporation - - Limited 1,335,896 - - - - 4,000 1,331,896 6,606 26,052 0.04 0.04 2.40 HabibLimited Sugar Mills Limited 12,070,751 3,988,559 - - - - 390,500 10,000 11,680,251 3,978,559 36,938 7,207 443,966 11,538 0.020.69 0.020.69 1.267.79 Limited 3,988,559 - - - - 10,000 3,978,559 7,207 11,538 0.02 0.02 1.26 International Industries Limited 10,406,133 - - - - 1,181,000 9,225,133 260,611 567,346 0.89 0.88 7.69 FirstJauharabad Dawood Sugar Investment Mills Limited Bank Limited 2,368,064 719,955 - - - - 490,000 - 1,878,064 719,955 1,4272,145 11,267 2,498 0.02 - 0.02 - 3.006.60 First Dawood Investment Bank Limited 2,368,064 - - - - 490,000 1,878,064 1,427 2,498 - - 3.00 International Steels Limited 2,040,500 - - - - 150,000 1,890,500 19,850 46,147 0.07 0.07 0.43 MirpurkhasInvest Capital Sugar Investment Mills Limited Bank Limited 1,173,8898,271,554 - - - - - 1,173,8898,271,554 1,654 - 92,737 11,415 0.140.02 0.140.02 9.572.90 Invest Capital Investment Bank Limited 8,271,554 - - - - - 8,271,554 1,654 11,415 0.02 0.02 2.90 K.S.B. Pumps Company Limited 1,292,159 - - - - 91,800 1,200,359 25,373 306,656 0.48 0.48 9.09 PremierIGI Investment Sugar Mills Bank & Limited Distillery 6,433,579 - - - - 1,429,000 5,004,579 4,504 7,857 0.01 0.01 2.36 IGI Investment Bank Limited 6,433,579 - - - - 1,429,000 5,004,579 4,504 7,857 0.01 0.01 2.36 Quality Steel Works Limited 2,922 - - - - - 2,922 - - - - 0.16 InvestecCompany Securities Limited 58,82598,518 - - - - - 58,82598,518 2,440 - 8,530 - 0.01 - 0.01 - 0.601.57 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 19,396,271 550,000 - 698,947 - 2,699,800 17,945,418 422,122 1,380,524 2.15 2.13 PangrioJ.O.V.& CompanySugar Mills Limited Limited 1,775,606 760,820 - - - - - 1,775,606 760,820 - 2,191 - - - 7.013.49 J.O.V.& Company Limited 1,775,606 - - - - - 1,775,606 - - - - 3.49 Automobile Assembler SangharJahangir SugarSiddiqui Mills & Company Limited Limited 1,063,616 993,701 - - 188,740 - - 75,000 - 1,063,6161,107,441 5,590 - 56,31823,190 0.090.04 0.090.04 8.900.15 Jahangir Siddiqui & Company Limited 993,701 - - 188,740 - 75,000 1,107,441 5,590 23,190 0.04 0.04 0.15 Atlas Honda Limited 277,566 - - - - - 277,566 645 107,571 0.17 0.17 0.27 ShakarganjPrudential Investment Limited Bank Limited 7,049,053 326,292 - - - - 262,500 - 6,786,553 326,292 25,789 - 114,964 - 0.18 - 0.18 - 3.269.76 Prudential Investment Bank Limited 326,292 - - - - - 326,292 - - - - 3.26 Ghandhara Industries Limited 158,577 - - - - 18,000 140,577 914 43,302 0.07 0.07 0.66 ShahtajSecurity SugarInvestment Mills LimitedBank Limited 2,262,698 801,695 - - - - - 2,262,698 801,695 13,393 2,828 54,363 5,182 0.080.01 0.080.01 6.674.40 Security Investment Bank Limited 2,262,698 - - - - - 2,262,698 2,828 5,182 0.01 0.01 4.40 Ghandara Nissan Limited 1,359,711 - - - - 144,500 1,215,211 2,940 224,158 0.35 0.35 2.70 Shahmurad Sugar Mills Limited 27,182,403 1,789,910 - - 188,740 - - 2,004,000 - 25,367,143 1,789,910 23,641 - 102,741 63,107 0.160.10 0.160.10 8.48 27,182,403 - - 188,740 - 2,004,000 25,367,143 23,641 63,107 0.10 0.10 Honda Atlas Cars Limited 2,617,989 - - - - 88,400 2,529,589 21,856 604,420 0.94 0.94 1.77 SakrandCommercial Sugar Banks Mills Limited 340,700 - - - - - 340,700 - 1,104 - - 1.53 Commercial Banks Hinopak Motors Limited 463,752 - - - - 23,750 440,002 30,822 452,322 0.71 0.70 3.55 SaleemAllied Bank Sugar Limited Limited (O) 1,864,104 8,761 - - - - 305,500 - 1,558,604 8,761 98,820 - 146,914 - 0.23 - 0.23 - 0.780.14 Allied Bank Limited 1,864,104 - - - - 305,500 1,558,604 98,820 146,914 0.23 0.23 0.14 Indus Motor Company Limited 604,806 - - - - 7,820 596,986 74,739 603,959 0.94 0.94 0.76 SaleemAskari Bank Suger Limited Limited .(P) 6 % 30,034,856 198 - - - - 2,454,500 - 27,580,356 198 252,050 - 599,597 - 0.94 - 0.93 - 0.402.19 Askari Bank Limited 30,034,856 - - - - 2,454,500 27,580,356 252,050 599,597 0.94 0.93 2.19 Millat Tractors Limited 617,579 - - - - 36,450 581,129 97,750 321,231 0.50 0.50 1.31 Bank Al - Falah Limited 1,438,409 - - - - 450,000 988,409 11,240 28,486 0.04 0.04 0.07 Bank Al - Falah Limited 1,438,409 - - - - 450,000 988,409 11,240 28,486 0.04 0.04 0.07 33,785,076 - - - 749,500 33,035,576 120,961 1,409,680 2.19 2.19 Pak Suzuki Motor Company Limited 1,883,190 - - - - 390,400 1,492,790 92,841 739,378 1.15 1.15 1.81 BankCement Al - Habib Limited 84,316,829 100,000 - - - 7,076,500 77,340,329 838,183 3,217,357 5.03 4.99 6.96 Bank Al - Habib Limited 84,316,829 100,000 - - - 7,076,500 77,340,329 838,183 3,217,357 5.03 4.99 6.96 7,983,170 - - - - 709,320 7,273,850 322,507 3,096,341 4.83 4.82 BankislamiAttock Cement Pakistan Pakistan Limited 397,816 66,956 - - - - 150,000 - 247,816 66,956 1,5322,457 11,232 2,850 0.02 - 0.02 - 0.040.06 Bankislami Pakistan 397,816 - - - - 150,000 247,816 1,532 2,850 - - 0.04 Automobile Parts & Accessories FaysalBestway Bank Cement Limited Limited 6,309,853 447,020 - - - - 2,760,000 - 3,549,853 447,020 18,200 5,223 54,77461,608 0.090.10 0.080.10 0.300.08 Faysal Bank Limited 6,309,853 - - - - 2,760,000 3,549,853 18,200 54,774 0.09 0.08 0.30 Agriauto Industries Limited. 1,231,220 - - - - 88,200 1,143,020 8,519 236,605 0.37 0.37 3.97 HabibCherat Bank Cement Limited Company Limited 14,521,858 1,517,533 - - - - 3,815,500 295,000 10,706,358 1,222,533 164,035156,815 244,653965,499 0.381.51 0.381.50 0.086.06 Habib Bank Limited 1,517,533 - - - - 295,000 1,222,533 164,035 244,653 0.38 0.38 0.08 Baluchistan Wheels Limited 1,455,160 - - - - 30,000 1,425,160 37,225 87,277 0.14 0.14 10.69 D.Habib G. Khan Metropolitan Cement Bank Company Limited Limited 58,007,607 2,063,181 25,000 - - - - 4,870,000 250,000 53,162,607 1,813,181 808,242 59,087 1,619,865 267,607 0.422.53 0.412.51 0.415.07 Habib Metropolitan Bank Limited 58,007,607 25,000 - - - 4,870,000 53,162,607 808,242 1,619,865 2.53 2.51 5.07 Exide Pakistan Limited 511,074 380 - - - 900 510,554 25,843 463,144 0.72 0.72 6.57 FaujiJS Bank Cement Limited Company Limited 12,586,161 2,771,867 440,000 - - - - 2,381,500 - 10,204,661 3,211,867 82,06419,636 118,261 79,086 0.180.12 0.180.12 0.240.95 JS Bank Limited 12,586,161 - - - - 2,381,500 10,204,661 19,636 79,086 0.12 0.12 0.95 General Tyre And Rubber Company of FectoMCB Bank Cement Limited Limited 1,161,655 113,842 - - - - - 1,161,655 113,842 13,408 4,530 90,68024,687 0.140.04 0.140.04 2.320.01 MCB Bank Limited 113,842 - - - - - 113,842 13,408 24,687 0.04 0.04 0.01 Pakistan Limited 2,934,476 - - - - 27,500 2,906,976 29,506 498,779 0.78 0.77 4.86 KohatNational Cement Bank OfLimited Pakistan Limited 1,462,078 102,600 - - - - 350,000 6,100 1,112,078 96,500 33,064 7,615 23,24560,097 0.040.09 0.040.09 0.060.05 National Bank Of Pakistan Limited 1,462,078 - - - - 350,000 1,112,078 33,064 60,097 0.09 0.09 0.05 6,131,930 380 - - - 146,600 5,985,710 101,093 1,285,805 2.01 2.00 PakcemNIB Bank Limited Limited 5,126,9524,151,532 - - - - 2,500,000 - 5,126,9521,651,532 9,6392,495 87,312 3,138 0.14 - 0.14 - 0.390.02 NIB Bank Limited 4,151,532 - - - - 2,500,000 1,651,532 2,495 3,138 - - 0.02 Cable & Electric Goods LuckySamba Cement Bank Limited Limited 1,688,2353,823,804 - - Right - - 590,500 25,000 1,663,2353,233,304 144,600 8,315 823,368 19,400 1.280.03 1.280.03 Percentage 0.510.32 Samba Bank Limited 3,823,804 - - - - 590,500 3,233,304 8,315 19,400 0.03 0.03 0.32 Bonus Carrying Market Market Market Casspak Industries Limited 54,184 - - - - - 54,184 - - - - 2.46 MapleSilkbank Leaf Limited Cement Factory 11,179,004 - - 20,878,413 shares Merger/ - 11,177,000 20,880,417 32,574 38,002 0.06 0.06 of paid-up 0.78 Silkbank Limited 11,179,004 - - 20,878,413 - 11,177,000 20,880,417 32,574 38,002 0.06 0.06 0.78 Purchase issue Sale As at 31 value as at value as at value as value as Johnson And Phillips (Pakistan) Limited 534,824 - - - - 33,500 501,324 - 10,578 0.02 0.02 9.20 SummitLimited Bank Limited As 2,507,478at 249,746 01 July - - purchased - / demerger/ - 1,975,500 - 249,746531,978 1,112 578 18,626 2,091 0.03 - 0.03 - capital 0.05 of Summit Bank Limited 2,507,478 - - - - 1,975,500 531,978 1,112 2,091 - - 0.05 Name of Investee Companies during the during during the December 31 31 percentage percentage Pak Elektron Limited 9,546,942 - - - - 4,074,500 5,472,442 68,873 342,247 0.53 0.53 1.37 2015 subscribed adjust. the investee PioneerSoneri Bank Cement Limited Limited 117,273,049 429,444 period - the - - - 6,101,000 Year - 111,172,049 2015 429,444 December 355,103 1,417 December 1,682,033 39,019 of Net 0.062.63 of 0.062.61 10.08 0.19 Soneri Bank Limited 117,273,049 - - - - 6,101,000 111,172,049 355,103 1,682,033 2.63 2.61 10.08 during the Effects company Pakistan Cables Limited 1,758,827 - - - - 33,500 1,725,327 11,646 276,052 0.43 0.43 6.06 ThattaUnited CementBank Limited Limited 3,186,580 823,599 - period - - - 48,00065,000 3,138,580 758,599 2015 56,19883,487 2015 117,545 81,258 Assets 0.180.13 Investments 0.180.13 0.063.15 United Bank Limited 823,599 - - - - 65,000 758,599 83,487 117,545 0.18 0.18 0.06 period held Siemens Pakistan Engineering Zeal Pak Cement Factory Limited 337,807,554 486,248 125,000 - - 20,878,413 - - 43,502,000 - 315,308,967 486,248 2,741,496 - 7,940,575 214 12.39 - 12.29 - 0.11 337,807,554 125,000 - 20,878,413 - 43,502,000 315,308,967 2,741,496 7,940,575 12.39 12.29 Company Limited 983,658 - - - - - 983,658 598,222 885,292 1.38 1.37 11.93 Textile Spining - Textile Spining ------32,302,342 440,000 - (Number of - Shares) ------4,144,600 28,597,742------530,223 (Rupees in 2,587,929 '000) ------4.05 (%) 4.03 ------Singer Pakistan Limited 8 - - - - - 8 - - - - - Adil Textile Mills Limited 93,592 - - - - - 93,592 - 833 - - 1.21 Adil Textile Mills Limited 93,592 - - - - - 93,592 - 833 - - 1.21 Tobacco 12,878,443 - - - - 4,141,500 8,736,943 678,741 1,514,169 2.36 2.35 Amtex Limited 918,523 - - - - 555,000 363,523 436 694 - - 0.14 Amtex Limited 918,523 - - - - 555,000 363,523 436 694 - - 0.14 Pakistan Tobacco Company Limited 1,813,539 - - - - - 1,813,539 89,919 2,020,627 3.15 3.13 0.71 Transport Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 Al - Qaim Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 1,813,539 - - - - - 1,813,539 89,919 2,020,627 3.15 3.13 Pan Islamic Steamship Company Asim Textile Mills Limited 1,142,800 - - - - 2,000 1,140,800 - 6,959 0.01 0.01 7.52 Asim Textile Mills Limited 1,142,800 - - - - 2,000 1,140,800 - 6,959 0.01 0.01 7.52 Refinery Limited 1,136 - - - - - 1,136 - - - - 0.02 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 3,223 0.01 - 2.21 Babri Cotton Mills Limited 80,578 - - - - - 80,578 392 3,223 0.01 - 2.21 Attock Refinery Limited 2,870,757 - - - - 1,480,400 1,390,357 128,273 294,589 0.46 0.46 1.63 Pakistan National Shipping Brothers Textile Mills Limited 602,461 - - - - 20,000 582,461 - 3,052 - - 5.94 Brothers Textile Mills Limited 602,461 - - - - 20,000 582,461 - 3,052 - - 5.94 National Refinery Limited 4,165,451 - - - - 1,521,800 2,643,651 363,957 589,957 0.92 0.91 3.31 Corporation 436,564 - - - - - 436,564 4,483 38,854 0.06 0.06 0.33 Crescent Cotton Mills Limited 1,048,579 - - - - - 1,048,579 5,505 49,283 0.08 0.08 4.91 Crescent Cotton Mills Limited 1,048,579 - - - - - 1,048,579 5,505 49,283 0.08 0.08 4.91 Pakistan Refinery Limited 14,188,116 - - - - 4,496,072 9,692,044 147,474 438,177 0.68 0.68 3.30 437,700 - - - - - 437,700 4,483 38,854 0.06 0.06 Crescent Fibres Limited 852,681 - - - - - 852,681 - 37,825 0.06 0.06 6.87 Crescent Fibres Limited 852,681 - - - - - 852,681 - 37,825 0.06 0.06 6.87 21,224,324 - - - - 7,498,272 13,726,052 639,704 1,322,723 2.06 2.05 Technology & Communication Colony Textile Mills Limited 1,204,498 - - - - 105,000 1,099,498 1,389 3,309 0.01 0.01 1.39 Colony Textile Mills Limited 1,204,498 - - - - 105,000 1,099,498 1,389 3,309 0.01 0.01 1.39 Power Generation & Distribution Pak Datacom Limited 178,898 - - - - - 178,898 2,538 14,088 0.02 0.02 1.83 Chakwal Spinning Mills Limited 754,008 - - - - - 754,008 - 12,818 0.02 0.02 1.89 Chakwal Spinning Mills Limited 754,008 - - - - - 754,008 - 12,818 0.02 0.02 1.89 Hub Power Company Limited 6,289,797 - - - - 710,500 5,579,297 83,438 572,436 0.89 0.89 0.48 Pakistan Telecommunication Company 3,590,384 - - - - 700,000 2,890,384 31,496 47,663 0.07 0.07 0.08 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Kot Addu Power Company Limited 927,832 - - - - 75,000 852,832 26,915 69,079 0.11 0.11 0.10 3,769,282 - - - - 700,000 3,069,282 34,034 61,751 0.09 0.09 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 38,964 0.06 0.06 1.52 Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 38,964 0.06 0.06 1.52 Karachi Electric Supply Company Fertilizer Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 1,403 - - 3.95 Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 1,403 - - 3.95 Limited 5,073,775 - - - - 400,000 4,673,775 7,478 34,773 0.05 0.05 0.02 Dawood Hercules Corporation Limited 942,940 - - - - - 942,940 27,540 112,342 0.18 0.17 0.20 Dewan Mushtaq Textile Mills Limited 197,424 - - - - 5,000 192,424 385 1,006 - - 5.60 Dewan Mushtaq Textile Mills Limited 197,424 - - - - 5,000 192,424 385 1,006 - - 5.60 Kohinoor Energy Limited 410,390 - - - - - 410,390 6,472 17,647 0.03 0.03 0.24 Engro Fertilizer Limited 2,018,327 - - - - 50,000 1,968,327 151,460 165,595 0.26 0.26 0.15 D. M. Textile Mills Limited 331,614 - - - - 2,500 329,114 592 12,786 0.02 0.02 10.78 D. M. Textile Mills Limited 331,614 - - - - 2,500 329,114 592 12,786 0.02 0.02 10.78 Lalpir Power Limited 1,024,055 - - - - 50,000 974,055 16,705 28,968 0.05 0.04 0.26 Engro Corporation Limited 913,978 - - - - 275,000 638,978 58,063 178,524 0.28 0.28 0.12 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 - - 0.07 D.S.Industries Limited 44,780 - - - - - 44,780 34 135 - - 0.07 Nishat Chunian Power Limited 866,000 - - - - 56,000 810,000 8,100 44,591 0.07 0.07 0.22 Fatima Fertilizer Company 2,797,562 - - - - 475,000 2,322,562 23,554 103,888 0.16 0.16 0.11 Dar-Es-Salaam Textile Mills Limited 266,787 - - - - 5,000 261,787 576 1,243 - - 3.27 Dar-Es-Salaam Textile Mills Limited 266,787 - - - - 5,000 261,787 576 1,243 - - 3.27 Sitara Energy Limited 256,117 - - - - - 256,117 4,226 8,237 0.01 0.01 1.34 Fauji Fertilizer Bin Qasim Limited 645,935 - - - - - 645,935 20,229 34,028 0.05 0.05 0.07 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 34,726 0.05 0.05 6.43 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 34,726 0.05 0.05 6.43 14,847,966 - - - - 1,291,500 13,556,466 153,334 775,731 1.21 1.20 Fauji Fertilizer Company Limited. 27,645,655 - - - - - 27,645,655 641,812 3,261,635 5.10 5.06 2.17 Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 Fatima Enterprises Limited 628,671 - - - - - 628,671 - - - - 4.42 Oil & Gas Marketing Companies 34,964,397 - - - - 800,000 34,164,397 922,658 3,856,012 6.03 5.98 AttockFazal Cloth Petroleum Mills Limited Limited . 1,768,488 55,229 - - - - - 1,768,488 55,229 14,92013,415 222,829 27,897 0.040.35 0.040.35 0.075.89 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 222,829 0.35 0.35 5.89 BurshaneFazal Textile LPG Mills Pak Limited Limited 1,445,033 67,755 - - - (67,755) - 18,000 - 1,427,033 - 33,516 - 111,737 - 0.17 - 0.17 - 6.30 - Fazal Textile Mills Limited 67,755 - - - (67,755) ------PakistanGadoon Textile State OilMills Company Limited 20,215,015 - - - - 132,499 - - 20,215,015 132,499 1,300,764 1,231 6,585,445 17,735 10.29 0.03 10.22 0.03 0.577.44 Gadoon Textile Mills - - - - 132,499 - 132,499 1,231 17,735 0.03 0.03 0.57 ShellGlobe Pakistan Textile Mills Limited Limited 2,472 25 - - - - - 2,472 25 - - 6 - - 0.000.02 Globe Textile Mills Limited 2,472 - - - - - 2,472 - - - - 0.02 SuiGulshan Northern Spinning Gas PipelinesMills Limited Limited 19,513,012 1,151,974 - - - - 14,000 - 19,513,012 1,137,974 109,282 2,276 469,093 2,333 0.73 - 0.73 - 5.123.08 Gulshan Spinning Mills Limited 1,151,974 - - - - 14,000 1,137,974 2,276 2,333 - - 5.12 SuiGulistan Southern Textile Gas Mills Company Limited Limited 10,696,823 734,617 - - - - 3,900,000 - 6,796,823 734,617 54,419 5,877 253,861 11,019 0.020.40 0.020.39 3.870.77 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 5,877 11,019 0.02 0.02 3.87 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 Hajra Textile Mills Limited 518,063 - - - - - 518,063 - - - - 3.77 51,925,137 - - - - 3,918,000 48,007,137 1,512,901 7,448,039 11.63 11.55 Ideal Spinning Mills Limited. 658,396 - - - - - 658,396 922 5,399 0.01 0.01 6.64 Ideal Spinning Mills Limited. 658,396 - - - - - 658,396 922 5,399 0.01 0.01 6.64 Oil & Gas Exploration Companies MariIndus Peroleum Dyeing Manufacturing Company Limited 4,208,974 - - - - 1,033,900 3,175,074 119,816 2,213,471 3.45 - 3.43 - 2.88 Indus Dyeing Manufacturing - - Oil &Company Gas Development Limited Company 525,295 - - - - - 525,295 5,509 489,748 0.76 0.76 2.91 Company Limited 525,295 - - - - - 525,295 5,509 489,748 0.76 0.76 2.91 J. A.Limited Textile Mills Limited 1,576,743 279,861 - - - - 1,004,700 152,500 127,361572,043 52,815 - 67,124 479 0.10 - 0.10 - 1.010.01 J. A. Textile Mills Limited 279,861 - - - - 152,500 127,361 - 479 - - 1.01 PakistanKarim Cotton Oilfields Mills Limited Limited 1,862,422 110,562 - - - - 1,055,100 - 807,322110,562 182,394 - 216,378 - 0.34 - 0.34 - 9.340.34 Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 PakistanKohinoor PetroleumSpinning Mills Limited Limited 3,313,274 540,827 - - - - 1,992,100 - 1,321,174 540,827 130,666 - 160,932 9,032 0.010.25 0.010.25 0.420.07 Kohinoor Spinning Mills Limited 540,827 - - - - - 540,827 - 9,032 0.01 0.01 0.42 Khalid Siraj Textile Mills Limited 700,498 - - - - 6,000 694,498 - 2,438 - - 6.49 Khalid Siraj Textile Mills Limited 700,498 - - - - 6,000 694,498 - 2,438 - - 6.49 10,961,413 - - - - 5,085,800 5,875,613 485,691 2,657,905 4.14 4.12 Land Mark Spinning Industries Limited 395,437 - - - - - 395,437 - 2,804 - - 3.26 Land Mark Spinning Industries Limited 395,437 - - - - - 395,437 - 2,804 - - 3.26 Engineering AishaMehr DastgirSteel Mills Textile Limited Mills Limited 392,388 259 - - - - 210,000 - 182,388 259 1,289 - 1,589 - - - 0.000.07 Mehr Dastgir Textile Mills Limited 259 - - - - - 259 - - - - 0.00 AmeliMaqbool Steel Textile Limited Mills Limited. 1,420,216 - 550,000 - - - - 80,000 - 1,420,216 470,000 23,971 11,362 22,17028,233 0.030.04 0.030.04 8.450.85 Maqbool Textile Mills Limited. 1,420,216 - - - - - 1,420,216 11,362 22,170 0.03 0.03 8.45 AishaOlympia Steel Textile Mills Mills Limited-Preference Limited. 121,208358,359 - - - - - 121,208358,359 - 1,0024,838 0.01 - 0.01 - 0.173.32 Olympia Textile Mills Limited. 358,359 - - - - - 358,359 - 4,838 0.01 0.01 3.32 BolanPremium Castings Textile Limited Mills Limited 490,276807,307 - - - - 2,000 - 807,307488,276 8,8034,830 71,81526,318 0.040.11 0.040.11 13.10 4.26 Premium Textile Mills Limited 807,307 - - - - - 807,307 8,803 71,815 0.11 0.11 13.10 CrescentReliance CottonSteel And Spinning Allied ProudctsMills Limited 465,638 - - - - - 465,638 3,824 46,098 0.07 0.07 4.52 Reliance Cotton Spinning Mills Limited 465,638 - - - - - 465,638 3,824 46,098 0.07 0.07 4.52 RubyLimited Textile Mills Limited 3,314,789 482,164 - - 698,947 - - 981,000 - 3,032,736 482,164 79,592 - 377,181 2,122 0.59 - 0.58 - 0.924.88 Ruby Textile Mills Limited 482,164 - - - - - 482,164 - 2,122 - - 0.92 HuffazSaif Textile Seamless Mills Limited Pipe Industries 1,955,871 - - - - 4,000 1,951,871 4,821 36,929 0.06 0.06 7.39 Saif Textile Mills Limited 1,955,871 - - - - 4,000 1,951,871 4,821 36,929 0.06 0.06 7.39 Limited 1,335,896 - - - - 4,000 1,331,896 6,606 26,052 0.04 0.04 2.40 International Industries Limited 10,406,133 - - - - 1,181,000 9,225,133 260,611 567,346 0.89 0.88 7.69 International Steels Limited 2,040,500 - - - - 150,000 1,890,500 19,850 46,147 0.07 0.07 0.43 K.S.B. Pumps Company Limited 1,292,159 - - - - 91,800 1,200,359 25,373 306,656 0.48 0.48 9.09 Quality Steel Works Limited 2,922 - - - - - 2,922 - - - - 0.16 19,396,271 550,000 - 698,947 - 2,699,800 17,945,418 422,122 1,380,524 2.15 2.13 Automobile Assembler Atlas Honda Limited 277,566 - - - - - 277,566 645 107,571 0.17 0.17 0.27 Ghandhara Industries Limited 158,577 - - - - 18,000 140,577 914 43,302 0.07 0.07 0.66 Ghandara Nissan Limited 1,359,711 - - - - 144,500 1,215,211 2,940 224,158 0.35 0.35 2.70 Honda Atlas Cars Limited 2,617,989 - - - - 88,400 2,529,589 21,856 604,420 0.94 0.94 1.77 Hinopak Motors Limited 463,752 - - - - 23,750 440,002 30,822 452,322 0.71 0.70 3.55 Indus Motor Company Limited 604,806 - - - - 7,820 596,986 74,739 603,959 0.94 0.94 0.76 Millat Tractors Limited 617,579 - - - - 36,450 581,129 97,750 321,231 0.50 0.50 1.31 Pak Suzuki Motor Company Limited 1,883,190 - - - - 390,400 1,492,790 92,841 739,378 1.15 1.15 1.81 7,983,170 - - - - 709,320 7,273,850 322,507 3,096,341 4.83 4.82 Automobile Parts & Accessories Agriauto Industries Limited. 1,231,220 - - - - 88,200 1,143,020 8,519 236,605 0.37 0.37 3.97 Baluchistan Wheels Limited 1,455,160 - - - - 30,000 1,425,160 37,225 87,277 0.14 0.14 10.69 Exide Pakistan Limited 511,074 380 - - - 900 510,554 25,843 463,144 0.72 0.72 6.57 General Tyre And Rubber Company of Pakistan Limited 2,934,476 - - - - 27,500 2,906,976 29,506 498,779 0.78 0.77 4.86 6,131,930 380 - - - 146,600 5,985,710 101,093 1,285,805 2.01 2.00 Cable & Electric Goods Casspak Industries Limited 54,184 - - - - - 54,184 - - - - 2.46 Johnson And Phillips (Pakistan) Limited 534,824 - - - - 33,500 501,324 - 10,578 0.02 0.02 9.20 Pak Elektron Limited 9,546,942 - - - - 4,074,500 5,472,442 68,873 342,247 0.53 0.53 1.37 Pakistan Cables Limited 1,758,827 - - - - 33,500 1,725,327 11,646 276,052 0.43 0.43 6.06 Siemens Pakistan Engineering Company Limited 983,658 - - - - - 983,658 598,222 885,292 1.38 1.37 11.93 Singer Pakistan Limited 8 - - - - - 8 - - - - - 12,878,443 - - - - 4,141,500 8,736,943 678,741 1,514,169 2.36 2.35 Transport Pan Islamic Steamship Company Limited 1,136 - - - - - 1,136 - - - - 0.02 Pakistan National Shipping Corporation 436,564 - - - - - 436,564 4,483 38,854 0.06 0.06 0.33 437,700 - - - - - 437,700 4,483 38,854 0.06 0.06 Technology & Communication Pak Datacom Limited 178,898 - - - - - 178,898 2,538 14,088 0.02 0.02 1.83 Pakistan Telecommunication Company 3,590,384 - - - - 700,000 2,890,384 31,496 47,663 0.07 0.07 0.08 3,769,282 - - - - 700,000 3,069,282 34,034 61,751 0.09 0.09 Fertilizer Dawood Hercules Corporation Limited 942,940 - - - - - 942,940 27,540 112,342 0.18 0.17 0.20 Engro Fertilizer Limited 2,018,327 - - - - 50,000 1,968,327 151,460 165,595 0.26 0.26 0.15 Engro Corporation Limited 913,978 - - - - 275,000 638,978 58,063 178,524 0.28 0.28 0.12 Fatima Fertilizer Company 2,797,562 - - - - 475,000 2,322,562 23,554 103,888 0.16 0.16 0.11 Fauji Fertilizer Bin Qasim Limited 645,935 - - - - - 645,935 20,229 34,028 0.05 0.05 0.07 Fauji Fertilizer Company Limited. 27,645,655 - - - - - 27,645,655 641,812 3,261,635 5.10 5.06 2.17 34,964,397 - - - - 800,000 34,164,397 922,658 3,856,012 6.03 5.98 Right Percentage Bonus Carrying Market Market Market shares Merger/ of paid-up Purchase issue Sale As at 31 value as at value as at value as value as As at 01 July purchased / demerger/ capital of Name of Investee Companies during the during during the December 31 31 percentage percentage 2015 subscribed adjust. the investee period the Year 2015 December December of Net of during the Effects company period 2015 2015 Assets Investments period held

------(Number of Shares) ------(Rupees in '000) ------(%) ------Pharmaceuticals Abbot Laboatories (Pakistan) Limited 2,593,029 - - - - - 2,593,029 207,961 1,646,573 2.57 2.55 2.65 Ferozsons Laboratories Limited 1,718,825 - - - - 41,550 1,677,275 1,831 1,856,576 2.90 2.88 5.56 Glaxosmithkline (Pakistan) Limited 9,697,795 - - - - 167,441 9,530,354 472,828 2,096,869 3.27 3.25 2.99 Highnoon Laboratories Limited 395,010 - - - - 10,000 385,010 4,059 222,305 0.35 0.34 1.89 Sanofi-Aventis Limited 229,461 - - - - 1,000 228,461 20,965 153,067 0.24 0.24 2.37 Searle Pakistan Limited 2,531,108 - 453,141 - - 309,000 2,675,249 33,748 1,058,676 1.65 1.64 3.12 Searle Pakistan Limited - Right - - - 226,570 - - 226,570 - 43,782 0.07 0.07 1.13 Wyeth Pakistan Limited 111,574 - - - - - 111,574 43,914 258,852 0.40 0.40 7.85 17,276,802 - 453,141 226,570 - 528,991 17,427,522 785,306 7,336,700 11.45 11.37 Chemical Agritech Limited 5,627,667 - - - - 2,336,500 3,291,167 24,684 30,773 0.05 0.05 0.84 Arif Habib Corporation 774,292 - - - - 40,000 734,292 15,105 37,530 0.06 0.06 0.16 Akzo Nobel Pakistan Limited 331,882 - - - - 11,500 320,382 19,265 69,507 0.11 0.11 0.69 Archroma Pakistan 1,759,646 - - - - - 1,759,646 16,723 810,862 1.27 1.26 5.16 Berger Paints Pakistan Limited 407,426 - - - - 29,000 378,426 4,541 37,124 0.06 0.06 2.08 Buxly Paints Limited 135,718 - - - - - 135,718 761 5,354 0.01 0.01 9.42 Descon Chemicals Limited 468,895 - - - - - 468,895 - 3,113 - - 0.23 Dynea Pakistan Limited 1,787,610 - - - - 1,500 1,786,110 17,607 72,695 0.11 0.11 9.46 Linde Pakistan Limited (BOC) 900,681 - - - - - 900,681 70,316 104,704 0.16 0.16 3.60 LOTTE Chemical Pakistan 1,699,572 - - - - 755,000 944,572 5,261 6,140 0.01 0.01 0.06 Pakistan Gum & Chemiclas Limited 97,057 - - - - - 97,057 1,449 12,889 0.02 0.02 2.28 Sardar Chemical Industries Limited 142,800 - - - - - 142,800 - 1,038 - - 2.38 Sitara Chemical Industries Limited 698,152 - - - - 31,936 666,216 48,100 239,838 0.37 0.37 3.11 Wah-Noble Chemicals Limited. 629,124 - - - - 18,000 611,124 9,750 30,507 0.05 0.05 6.79 15,460,522 - - - - 3,223,436 12,237,086 233,562 1,462,074 2.28 2.27 Paper & Board Balochistan Particle Board Limited 563,630 - - - - 30,000 533,630 - 2,668 - - 8.89 Century Paper & Board Mills Limited 8,118,731 - - - - 900,000 7,218,731 79,510 369,527 0.58 0.57 5.92 Dadabhoy Sack Limited 49,259 - - - - - 49,259 - - - - 1.23 Merit Packaging Limited 4,843,232 - - - - 631,500 4,211,732 39,457 74,548 0.12 0.12 10.45 Packages Limited 4,338,528 - - - - 98,450 4,240,078 344,252 2,468,192 3.85 3.82 5.03 Pakistan Paper Products Limited 464,326 - - - - - 464,326 568 30,970 0.05 0.05 7.74 Security Papers Limited 2,592,000 - - - - - 2,592,000 61,921 228,381 0.36 0.35 4.37 20,969,706 - - - - 1,659,950 19,309,756 525,708 3,174,286 4.96 4.91 Vanaspati & Allied Industries Morafco Industries Limited 57,409 - - - - - 57,409 - - - - 10.10 Punjab Oil Mills Limited 527,151 - - - - 9,500 517,651 6,461 125,064 0.20 0.19 9.60 Suraj Ghee Industries Limited 54,324 - - - - - 54,324 - - - - 638,884 - - - - 9,500 629,384 6,461 125,064 0.20 0.19 Leather & Tanneries Bata Pakistan Limited 1,090,234 - - - - - 1,090,234 58,347 3,564,738 5.57 5.52 14.42 Fateh Industries Limited. 23,118 - - - - - 23,118 - 4,083 0.01 0.01 1.16 1,113,352 - - - - - 1,113,352 58,347 3,568,821 5.58 5.53 Foods & Personal Care Products Mitchells Fruit Farms Limited 772,766 - - - - 5,100 767,666 27,415 307,066 0.48 0.48 9.75 Nestle Pakistan Limited 98,000 - - - - - 98,000 107,014 764,400 1.19 1.18 0.22 Shezan International Limited 1,496,205 - - - - 950 1,495,255 75,726 914,663 1.43 1.42 18.72 Treet Corporation Limited 3,332,523 - 248,544 7,185,786 - 500,000 10,266,853 417,757 646,401 1.01 1.00 7.43 Treet Corporation Limited-PTC 3,550,640 - - - - - 3,550,640 60,822 125,515 0.20 0.19 6.79 NATIONAL INVESTMENT (UNIT) TRUST NATIONALZIL Limited INVESTMENT 391,987 (UNIT) - TRUST - - - - 391,987 4,866 30,575 0.05 0.05 6.40 9,642,121 - 248,544 7,185,786 - 506,050 16,570,401 693,600 2,788,620 4.36 4.32 NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL NOTESGlass &TO Ceramics AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL Ghani Glass Mills Limited 914,286 - - - - - 914,286 32,756 80,485 0.13 0.12 0.74 Ghani Glass Mills Limited Right - - - 640,000 - - 640,000 - 50,259 0.08 0.08 INFORMATION (UNAUDITED) INFORMATIONMedi Glass Limited (UNAUDITED) 295,554 - - - - - 295,554 - - - - 3.89 Regal Ceramics Limited 89,947 - - - - - 89,947 - - - - 1.23 FOR7.2 THEAvailable SIX for AND sale THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR7.2 THEShabbirAvailable Tiles SIX & Ceramics for AND sale Limited THREE 5,364,471 MONTHS - PERIOD - - ENDED - DECEMBER 55,000 5,309,471 31, 30,580 2015 43,856 0.07 0.07 3.51 6,664,258 - - 640,000 - 55,000 7,249,258 63,336 174,600 0.28 0.27 Miscellaneous 7.2.1 Listed equity shares / units of mutual funds 7.2.1 DadabhoyListed Construction equity Technologyshares / units of mutual funds Limited 69,085 - - - - - 69,085 - - - - 2.97 Grays Of Cambridge (Pakistan) Limited 315,909 - - - - - 315,909 4,072 23,535 0.04 0.04 4.30 Right Percentage Right Percentage Bonus Carrying Market Market Market Hashmi Can Company Limited 160,986 - Bonus - - - - 160,986 Carrying - Market - Market - Market - 9.86 shares Merger/ of paid-up shares Merger/ of paid-up Purchase issue Sale As at 31 value as at value as at value as value as Pace ( Pakistan ) Limited 525,716 Purchase - issue - - - Sale - As 525,716 at 31 value as 683 at value 3,738 as at value 0.01 as value 0.01 as 0.19 As at 01 July purchased / demerger/ capital of As at 01 July purchased / demerger/ capital of Name of Investee Companies during the during during the December 31 31 percentage percentage PakistanName Services of Investee Limited Companies 893,795 during -the during - - - during the- December 893,795 101,044 31 491,587 31 percentage 0.77 percentage 0.76 2.75 2015 subscribed adjust. the investee 2015 subscribed adjust. the investee period the Year 2015 December December of Net of Synthetic Product Enterprise Limited 255,000 period - the - - - Year 12,000 2015 243,000 December 7,290 December 13,001 of Net 0.02 of 0.02 0.31 during the Effects company during the Effects company period 2015 2015 Assets Investments period 2015 2015 Assets Investments period held Tri-Pack Films Limited 395,391 - - period - - 2,500 392,891 39,829 96,918 0.15 0.15 held 1.31 United Distributors Pakistan Limited. 904,776 - 90,427 - - 500 994,703 4,666 31,254 0.05 0.05 5.42 ------(Number of Shares) ------(Rupees in '000) ------(%) ------3,520,658 - 90,427 (Number of - Shares) ------15,000 3,596,085------157,584 (Rupees in '000) 660,033 ------1.04 (%) 1.03 ------PharmaceuticalsClose - End Mutual Fund CloseDelisted - End / Unqouted Mutual Fund Companies AbbotDominion Laboatories Stock Fund (Pakistan) Limited 2,593,029 157,629 - - - - - 2,593,029 157,629 207,961 54 1,646,573 54 2.57 - 2.55 - 2.65 3.15 AccordDominion Textile Stock Limited Fund 458,109157,629 - - - - - 458,109157,629 - 54 - 54 - - 4.933.15 FerozsonsInvestec Mutual Laboratories Fund Limited 1,718,825 172,406 - - - - 41,550 - 1,677,275 172,406 1,831 - 1,856,576 - 2.90 - 2.88 - 5.56 1.72 InvestecAdamjee MutualFloorings Fund 172,406 59,110 - - - - - 172,406 59,110 - - - - 2.461.72 GlaxosmithklinePICIC Growth Fund (Pakistan) Limited 9,697,7956,429,358 - - - - 167,441 - 9,530,3546,429,358 472,828 35,940 2,096,869 144,853 3.270.23 3.250.22 2.99 2.27 PICICAdamjee Growth Industries Fund 6,429,358 121 - - - - - 6,429,358 121 35,940 - 144,853 - 0.23 - 0.22 - 2.270.00 HighnoonPICIC Investment Laboratories Fund Limited 10,108,128 395,010 - - - - 10,000 - 10,108,128 385,010 20,519 4,059 222,305 115,536 0.350.18 0.340.18 1.89 3.56 AdamjeePICIC Investment Paper Fund 10,108,128 269,806 - - - - - 10,108,128 269,806 20,519 - 115,536 - 0.18 - 0.18 - 6.453.56 Sanofi-Aventis Limited 16,867,521 229,461 - - - - 1,000 - 16,867,521 228,461 20,965 56,513 153,067 260,443 0.240.41 0.240.40 2.37 Adil Polyproplene Limited 16,867,521 136,201 - - - - - 16,867,521 136,201 56,513 - 260,443 - 0.41 - 0.40 - 2.46 SearleModarabas Pakistan Limited 2,531,108 - 453,141 - - 309,000 2,675,249 33,748 1,058,676 1.65 1.64 3.12 AfsarModarabas Textile Mills 64,184 - - - - - 64,184 - - - - 3.85 SearleB.R.R. PakistanGuardian Limited Modarba - Right 1,858,077 - - - 226,570 - - - 1,858,077 226,570 2,397 - 43,782 13,527 0.070.02 0.070.02 1.13 2.38 B.R.R.Al-Hussany Guardian Industries Modarba Limited 1,858,077 61,573 - - - - - 1,858,077 61,573 2,397 - 13,527 - 0.02 - 0.02 - 2.462.38 WyethHabib ModarbaPakistan FirstLimited 1,584,070 111,574 - - - - - 1,584,070 111,574 43,914 8,982 258,852 15,841 0.400.02 0.400.02 7.85 0.79 HabibAlif Textile Modarba Mills LimitedFirst 1,584,070 320,085 - - - - - 1,584,070 320,085 8,982 - 15,841 - 0.02 - 0.02 - 8.210.79 Standard Chartered Modaraba 17,276,802 1,948,462 - 453,141 - 226,570 - - 528,991 - 17,427,522 1,948,462 785,306 13,269 7,336,700 52,998 11.45 0.08 11.37 0.08 4.29 StandardAllied Textile Chartered Mills Limited Modaraba 1,948,462 107,510 - - - - - 1,948,462 107,510 13,269 - 52,998 - 0.08 - 0.08 - 5.504.29 Chemical 5,390,609 - - - - - 5,390,609 24,648 82,366 0.12 0.12 Amazai Textile Mills Limited 5,390,609 299 - - - - - 5,390,609 299 24,648 - 82,366 - 0.12 - 0.12 - 0.01 AgritechLeasing LimitedCompanies 5,627,667 - - - - 2,336,500 3,291,167 24,684 30,773 0.05 0.05 0.84 ApexLeasing Fabrics Companies Limited 284,101 - - - - - 284,101 - - - - 4.93 ArifNext Habib Capital Corporation Limited 774,292500,000 - - - - 40,000 - 734,292500,000 15,105 1,900 37,530 3,645 0.060.01 0.060.01 0.16 2.50 AragNext CapitalIndustries Limited Limited 189,220500,000 - - - - - 189,220500,000 1,900 - 3,645 - 0.01 - 0.01 - 2.50 - AkzoOrix Leasing Nobel Pakistan Pakistan Limited Limited 1,333,580 331,882 - - - - 630,000 11,500 320,382703,580 19,265 3,680 69,507 42,567 0.110.07 0.070.11 0.69 0.86 OrixAslo LeasingElectronics Pakistan Limited 1,333,580 39,407 - - - - 630,000 - 703,580 39,407 3,680 - 42,567 - 0.07 - 0.07 - 1.970.86 ArchromaSecurity Leasing Pakistan Corporation Limited 1,759,646 371,026 - - - - 50,000 - 1,759,646 321,026 16,723 543 810,862 610 1.27 - 1.26 - 5.16 0.88 AswanSecurity Tentage Leasing Limited Corporation Limited 168,712371,026 - - - - 50,000 - 168,712321,026 543 - 610 - - - 2.610.88 BergerSaudi Pak Paints Leasing Pakistan Limited Limited 407,426556,752 - - - - 184,000 29,000 378,426372,752 4,541 179 37,124 645 0.06 - 0.06 - 2.08 0.83 AutomobileSaudi Pak Leasing Equipment Limited Manufacturing 556,752 37,750 - - - - 184,000 - 372,752 37,750 179 - 645 - - - 0.839.44 Buxly Paints Limited 2,761,358 135,718 - - - - 864,000 - 1,897,358 135,718 6,302 761 47,467 5,354 0.010.08 0.010.08 9.42 Company Limited 2,761,358 - - - - 864,000 1,897,358 6,302 47,467 0.08 0.08 DesconInvestment Chemicals Banks Limited/ Investment 468,895 - - - - - 468,895 - 3,113 - - 0.23 AwanInvestment Textile Banks Mills Limited / Investment 213,390 - - - - - 213,390 - - - - 2.46 DyneaCompanies Pakistan Limited/ Securities Companies 1,787,610 - - - - 1,500 1,786,110 17,607 72,695 0.11 0.11 9.46 BahawalpurCompanies Textile / Securities Mills Limited Companies 64,250 - - - - - 64,250 - - - - 6.43 LindeDawood Pakistan Capital Limited Management (BOC) Limited 900,681663,832 - - - - - 900,681663,832 70,316 431 104,704 1,427 0.16 - 0.16 - 3.60 4.43 BalochistanDawood Capital Tower Management Limited 663,832 74,114 - - - - - 663,832 74,114 431 - 1,427 - - - 1.494.43 First Capital Securities Corporation - - First Capital Securities Corporation Right - - Percentage LOTTE Chemical Pakistan 1,699,572 - - - - 755,000 944,572 5,261 6,140 0.01 0.01 0.06 Baluchistan Textile Mills Limited 200,000 - Bonus - - - - 200,000 Carrying - Market - Market - Market - 10.00 shares Merger/ of paid-up PakistanLimited Gum & Chemiclas Limited 3,988,559 97,057 - - - - 10,000 - 3,978,559 97,057 1,449 7,207 12,889 11,538 0.02 0.02 2.28 1.26 BankLimited Of Bahawalpur Limited 3,988,559 2,690 Purchase - issue - - - Sale 10,000 - As 3,978,559 at 2,690 31 value 7,207 as - at value 11,538 as - at value 0.02 as- value 0.02 as - 0.541.26 As at 01 July purchased / demerger/ capital of SardarFirst Dawood Chemical Investment Industries Bank Limited Limited 2,368,064 142,800 - - - - 490,000 - 1,878,064 142,800 1,427 - 1,038 2,498 - - 2.38 3.00 FirstBankers DawoodName Equity of Investment Investee Limited Companies Bank Limited 2,368,0643,408,091 during -the during - - - during 490,000 the- December 1,878,0643,408,091 31 1,427 - 31 2,498 - percentage - percentage - 3.005.20 2015 subscribed adjust. the investee SitaraInvest ChemicalCapital Investment Industries Bank Limited Limited 8,271,554 698,152 - - - - 31,936 - 8,271,554 666,216 48,100 1,654 239,838 11,415 0.370.02 0.370.02 2.903.11 InvestBawany Capital Textile Investment Mills Bank Limited 8,271,554 84,233 period - the - - - Year - 8,271,554 2015 84,233 December 1,654 - December 11,415 - of Net 0.02 - of 0.02 - 2.904.81 during the Effects company Wah-NobleIGI Investment Chemicals Bank Limited Limited. 6,433,579 629,124 - - - - 1,429,000 18,000 5,004,579 611,124 9,750 4,504 30,507 7,857 0.050.01 0.050.01 6.79 2.36 IGI Investment Bank Limited 6,433,579 - period - - - 1,429,000 5,004,579 2015 4,504 2015 7,857 Assets 0.01 Investments 0.01 2.36 Bela Engineering Limited 266,145 - - period - - - 266,145 - - - - held 7.83 Investec Securities Limited 15,460,522 98,518 - - - - 3,223,436 - 12,237,086 98,518 233,562 - 1,462,074 - 2.28 - 2.27 - 0.60 CentralInvestec Cotton Securities Limited 34,94898,518 - - - - - 34,94898,518 - - - - 0.450.60 PaperJ.O.V.& & Company Board Limited 1,775,606 - - - - - 1,775,606 - - - - 3.49 ChemicalJ.O.V.& Company Limited Limited ------1,775,606 40,000 - - (Number of - Shares) ------1,775,606 40,000------(Rupees - in '000) ------(%) ------5.083.49 BalochistanJahangir Siddiqui Particle & CompanyBoard Limited Limited 563,630993,701 - - 188,740 - - 30,000 75,000 1,107,441 533,630 5,590 - 23,190 2,668 0.04 - 0.04 - 8.89 0.15 ChemphurJahangir Siddiqui Pakistan & CompanyLimited Limited 993,701 17,972 - - 188,740 - - 75,000 - 1,107,441 17,972 5,590 - 23,190 - 0.04 - 0.04 - 1.800.15 CenturyPrudential Paper Investment & Board Bank Mills Limited 326,292 - - - - - 326,292 - - - - 3.26 ChilyaPrudential C. BoardInvestment Bank Limited 326,292 43,200 - - - - - 326,292 43,200 - - - - 6.173.26 SecurityLimited Investment Bank Limited 2,262,6988,118,731 - - - - 900,000 - 7,218,7312,262,698 79,510 2,828 369,527 5,182 0.580.01 0.570.01 5.92 4.40 CrescentSecurity Investment Knitwear Bank Limited 2,262,698 81,277 - - - - - 2,262,698 81,277 2,828 - 5,182 - 0.01 - 0.01 - 4.40 - Dadabhoy Sack Limited 27,182,403 49,259 - - 188,740 - - 2,004,000 - 25,367,143 49,259 23,641 - 63,107 - 0.10 - 0.10 - 1.23 Crescent Spinning Mills Limited 27,182,403 727,080 - - 188,740 - - 2,004,000 - 25,367,143 727,080 23,641 - 63,107 - 0.10 - 0.10 - 4.80 MeritCommercial Packaging Banks Limited 4,843,232 - - - - 631,500 4,211,732 39,457 74,548 0.12 0.12 10.45 CrownCommercial Textile Banks 317,647 - - - - - 317,647 - - - - 4.92 PackagesAllied Bank Limited Limited 4,338,5281,864,104 - - - - 305,500 98,450 4,240,0781,558,604 344,252 98,820 2,468,192 146,914 3.850.23 3.820.23 5.03 0.14 DadabhoyAllied Bank Leasing Limited 1,864,104 370,674 - - - - 305,500 - 1,558,604 370,674 98,820 - 146,914 - 0.23 - 0.23 - 4.930.14 PakistanAskari Bank Paper Limited Products Limited 30,034,856 464,326 - - - - 2,454,500 - 27,580,356 464,326 252,050 568 599,597 30,970 0.050.94 0.050.93 7.74 2.19 ElmacAskari LimitedBank Limited 30,034,856 24,600 - - - - 2,454,500 - 27,580,356 24,600 252,050 - 599,597 - 0.94 - 0.93 - 2.462.19 SecurityBank Al -Papers Falah LimitedLimited 2,592,0001,438,409 - - - - 450,000 - 2,592,000 988,409 61,921 11,240 228,381 28,486 0.360.04 0.350.04 4.37 0.07 FazalBank AlVegetable - Falah Limited Ghee Mills Limited 1,438,409 42,005 - - - - 450,000 - 988,409 42,005 11,240 - 28,486 - 0.04 - 0.04 - 2.100.07 Bank Al - Habib Limited 20,969,70684,316,829 100,000 - - - - 1,659,950 7,076,500 19,309,75677,340,329 525,708 838,183 3,174,286 3,217,357 4.965.03 4.914.99 6.96 GhaffarBank Al Text- Habib Mills Limited 84,316,829 45,835 100,000 - - - - 7,076,500 - 77,340,329 45,835 838,183 - 3,217,357 - 5.03 - 4.99 - 9.176.96 VanaspatiBankislami &Pakistan Allied Industries 397,816 - - - - 150,000 247,816 1,532 2,850 - - 0.04 BankislamiGhulam Muhammad Pakistan Dadabhoy 397,816 49,259 - - - - 150,000 - 247,816 49,259 1,532 - 2,850 - - - 0.990.04 MorafcoFaysal Bank Industries Limited Limited 6,309,853 57,409 - - - - 2,760,000 - 3,549,853 57,409 18,200 - 54,774 - 0.09 - 0.08 - 10.10 0.30 FaysalGreaves Bank Aircondition Limited 6,309,853 59,110 - - - - 2,760,000 - 3,549,853 59,110 18,200 - 54,774 - 0.09 - 0.08 - 0.30 - PunjabHabib Bank Oil Mills Limited Limited 1,517,533 527,151 - - - - 295,000 9,500 1,222,533 517,651 164,035 6,461 125,064 244,653 0.200.38 0.190.38 9.60 0.08 GypsumHabib Bank Corporation Limited 1,517,533 165,017 - - - - 295,000 - 1,222,533 165,017 164,035 - 244,653 - 0.38 - 0.38 - 5.000.08 SurajHabib Ghee Metropolitan Industries Bank Limited Limited 58,007,607 54,324 25,000 - - - - 4,870,000 - 53,162,607 54,324 808,242 - 1,619,865 - 2.53 - 2.51 - 5.07 H-ShaikhHabib Metropolitan Bank Limited 58,007,607 113,022 25,000 - - - - 4,870,000 - 53,162,607 113,022 808,242 - 1,619,865 - 2.53 - 2.51 - 5.07 - JS Bank Limited 12,586,161 638,884 - - - - 2,381,500 9,500 10,204,661 629,384 19,636 6,461 125,064 79,086 0.200.12 0.190.12 0.95 H.MJS Bank Silk MillsLimited Limited 12,586,161 158,350 - - - - 2,381,500 - 10,204,661 158,350 19,636 - 79,086 - 0.12 - 0.12 - 10.56 0.95 LeatherMCB Bank & TanneriesLimited 113,842 - - - - - 113,842 13,408 24,687 0.04 0.04 0.01 HarumMCB Bank Textile Limited Mulls Limited 113,842 58,248 - - - - - 113,842 58,248 13,408 - 24,687 - 0.04 - 0.04 - 0.620.01 BataNational Pakistan Bank LimitedOf Pakistan Limited 1,090,2341,462,078 - - - - 350,000 - 1,090,2341,112,078 58,347 33,064 3,564,738 60,097 5.570.09 5.520.09 14.42 0.05 NationalHyderabad Bank Electronic Of Pakistan Limited 1,462,078 98,518 - - - - 350,000 - 1,112,078 98,518 33,064 - 60,097 - 0.09 - 0.09 - 0.053.28 FatehNIB Bank Industries Limited Limited. 4,151,532 23,118 - - - - 2,500,000 - 1,651,532 23,118 2,495 - 4,083 3,138 0.01 - 0.01 - 1.16 0.02 NIBIndus Bank Assurance Limited Company Limited 4,151,532 3,300 - - - - 2,500,000 - 1,651,532 3,300 2,495 - 3,138 - - - 0.02 Samba Bank Limited 1,113,3523,823,804 - - - - 590,500 - 1,113,3523,233,304 58,347 8,315 3,568,821 19,400 5.580.03 5.530.03 0.32 IndusSamba Bank Bank Limited Limited 3,823,804 147 - - - - 590,500 - 3,233,304 147 8,315 - 19,400 - 0.03 - 0.03 - 0.000.32 FoodsSilkbank & LimitedPersonal Care Products 11,179,004 - - 20,878,413 - 11,177,000 20,880,417 32,574 38,002 0.06 0.06 0.78 IndusSilkbank Polyester Limited Company Limited 11,179,004 4 - - 20,878,413 - - 11,177,000 - 20,880,417 4 32,574 - 38,002 - 0.06 - 0.06 - 0.000.78 MitchellsSummit Bank Fruit LimitedFarms Limited 2,507,478 772,766 - - - - 1,975,500 5,100 767,666531,978 27,415 1,112 307,066 2,091 0.48 - 0.48 - 9.75 0.05 SummitIndustrial Bank Development Limited Bank 2,507,478 1,970 - - - - 1,975,500 - 531,978 1,970 1,112 - 2,091 - - - 0.050.04 NestleSoneri PakistanBank Limited Limited 117,273,049 98,000 - - - - 6,101,000 - 111,172,049 98,000 107,014 355,103 1,682,033 764,400 1.192.63 1.182.61 10.08 0.22 SoneriInnovative Bank Investment Limited Bank Limited 117,273,049 35,227 - - - - 6,101,000 - 111,172,049 35,227 355,103 - 1,682,033 - 2.63 - 2.61 - 10.08 0.35 ShezanUnited Bank International Limited Limited 1,496,205 823,599 - - - - 65,000 950 1,495,255 758,599 75,726 83,487 914,663 117,545 1.430.18 1.420.18 18.72 0.06 IslamicUnited BankInvestment Limited Bank 139,990823,599 - - - - 65,000 - 139,990758,599 83,487 - 117,545 - 0.18 - 0.18 - 0.710.06 Treet Corporation Limited 337,807,554 3,332,523 125,000 - 248,544 - 20,878,413 7,185,786 - 43,502,000 500,000 315,308,967 10,266,853 2,741,496 417,757 7,940,575 646,401 12.39 1.01 12.29 1.00 7.43 Itti Textile Mills Limited 337,807,554 163,151 125,000 - - 20,878,413 - - 43,502,000 - 315,308,967 163,151 2,741,496 - 7,940,575 - 12.39 - 12.29 - 2.46 TreetTextile Corporation Spining Limited-PTC 3,550,640 - - - - - 3,550,640 60,822 125,515 0.20 0.19 6.79 TextileJunaid CottonSpining Mills Limited 37,436 - - - - - 37,436 - - - - 1.50 ZILAdil Limited Textile Mills Limited 391,987 93,592 - - - - - 391,987 93,592 4,866 - 30,575 833 0.05 - 0.05 - 6.40 1.21 AdilKarachi Textile Pipe Mills Limited 156,102 93,592 - - - - - 156,102 93,592 - 833 - - - 7.811.21 Amtex Limited 9,642,121 918,523 - 248,544 - 7,185,786 - - 506,050 555,000 16,570,401 363,523 693,600 436 2,788,620 694 4.36 - 4.32 - 0.14 AmtexKarim SilkLimited Mills Limited 918,523 19,223 - - - - 555,000 - 363,523 19,223 436 - 694 - - - 1.970.14 GlassAl - Qaim & Ceramics Textile Mills Limited 358,753 - - - - - 358,753 - - - - 4.81 KohinoorAl - Qaim CottonTextile Mills Limited 358,753 62,553 - - - - - 358,753 62,553 - - - - 5.574.81 GhaniAsim Textile Glass Mills Limited 1,142,800 914,286 - - - - 2,000 - 1,140,800 914,286 32,756 - 80,485 6,959 0.130.01 0.120.01 0.74 7.52 KohinoorAsim Textile Looms Mills Limited Limited 1,142,800 169,648 - - - - 2,000 - 1,140,800 169,648 - 6,959 - 0.01 - 0.01 - 1.577.52 GhaniBabri Cotton Glass Mills Limited Right 80,578 - - - 640,000 - - - 640,000 80,578 392 - 50,259 3,223 0.080.01 0.08 - 2.21 LafayetteBabri Cotton Industries Mills Limited Synthetics 80,578 - - - - - 80,578 392 3,223 0.01 - 2.21 MediBrothers Glass Textile Limited Mills Limited 295,554602,461 - - - - 20,000 - 295,554582,461 - 3,052 - - - 3.89 5.94 BrothersLimited Textile Mills Limited 602,461 92,360 - - - - 20,000 - 582,461 92,360 - 3,052 - - - 2.595.94 RegalCrescent Ceramics Cotton LimitedMills Limited 1,048,579 89,947 - - - - - 1,048,579 89,947 5,505 - 49,283 - 0.08 - 0.08 - 1.23 4.91 CrescentLTV Capital Cotton Modaraba Mills Limited 1,048,579 321 - - - - - 1,048,579 321 5,505 - 49,283 - 0.08 - 0.08 - 4.910.00 ShabbirCrescent Tiles Fibres & Ceramics Limited Limited 5,364,471 852,681 - - - - 55,000 - 5,309,471 852,681 30,580 - 43,856 37,825 0.070.06 0.070.06 3.51 6.87 MarrCrescent Fabrics Fibres Limited Limited 852,681118,221 - - - - - 852,681118,221 - 37,825 - 0.06 - 0.06 - 4.936.87 Colony Textile Mills Limited 6,664,2581,204,498 - - 640,000 - - 105,000 55,000 7,249,2581,099,498 63,336 1,389 174,600 3,309 0.280.01 0.270.01 1.39 MehranColony Textile Bank LimitedMills Limited 1,204,498 738,590 - - - - 105,000 - 1,099,498 738,590 1,389 - 3,309 - 0.01 - 0.01 - 2.461.39 MiscellaneousChakwal Spinning Mills Limited 754,008 - - - - - 754,008 - 12,818 0.02 0.02 1.89 MehranChakwal Jute Spinning Mills LimitedMills Limited 121,543754,008 - - - - - 121,543754,008 - 12,818 - 0.02 - 0.02 - 3.961.89 DadabhoyData Textile Construction Limited Technology 618,595 - - - - - 618,595 - - - - 6.24 MianData TextileMuhammed Limited Sugar Mills 618,595 - - - - - 618,595 - - - - 6.24 Din LimitedTextile Mills Limited 340,301 69,085 - - - - - 340,301 69,085 3,847 - 38,964 - 0.06 - 0.06 - 2.97 1.52 Din TextileLimited Mills Limited 172,406340,301 - - - - - 172,406340,301 3,847 - 38,964 - 0.06 - 0.06 - 1.171.52 GraysDewan Of Khalid Cambridge Textile (Pakistan) Mills Limited Limited 315,909224,486 - - - - - 315,909224,486 4,072 224 23,535 1,403 0.04 - 0.04 - 4.30 3.95 DewanMohib Textile Khalid Mills Textile Limited Mills Limited 224,486159,813 - - - - - 224,486159,813 224 - 1,403 - - - 1.333.95 HashmiDewan MushtaqCan Company Textile Limited Mills Limited 160,986197,424 - - - - 5,000 - 160,986192,424 385 - 1,006 - - - 9.86 5.60 MubarikDewan Mushtaq Dairies Limited Textile Mills Limited 197,424 416 - - - - 5,000 - 192,424 416 385 - 1,006 - - - 0.015.60 PaceD. M. (Textile Pakistan Mills ) LimitedLimited 525,716331,614 - - - - 2,500 - 525,716329,114 683 592 12,786 3,738 0.010.02 0.010.02 10.78 0.19 NationalD. M. Textile Match Mills Industries Limited 331,614 26,452 - - - - 2,500 - 329,114 26,452 592 - 12,786 - 0.02 - 0.02 - 10.78 7.56 PakistanD.S.Industries Services Limited Limited 893,795 44,780 - - - - - 893,795 44,780 101,044 34 491,587 135 0.77 - 0.76 - 2.75 0.07 NationalD.S.Industries Overseas Limited 24,62944,780 - - - - - 24,62944,780 - 34 135 - - - 0.07 - SyntheticDar-Es-Salaam Product Textile Enterprise Mills Limited Limited 255,000266,787 - - - - 12,000 5,000 243,000261,787 7,290 576 13,001 1,243 0.02 - 0.02 - 0.31 3.27 Dar-Es-SalaamNaveed Textile Mills Textile Mills Limited 266,787 70,637 - - - - 5,000 - 261,787 70,637 576 - 1,243 - - - 3.623.27 Tri-PackEllcot Spinning Films Limited Mills Limited 395,391704,380 - - - - 2,500 - 392,891704,380 39,829 7,482 96,918 34,726 0.150.05 0.150.05 1.31 6.43 EllcotNorrie TextileSpinning Mills Mills Limited Limited 704,380136,500 - - - - - 704,380136,500 7,482 - 34,726 - 0.05 - 0.05 - 2.816.43 UnitedFatima DistributorsEnterprises PakistanLimited Limited. 904,776628,671 - 90,427 - - - 500 - 994,703628,671 4,666 - 31,254 - 0.05 - 0.05 - 5.42 4.42 NorthernFatima Enterprises Foundry And Limited Egineering Work 628,671 94,868 - - - - - 628,671 94,868 - - - - 18.97 4.42 Fazal Cloth Mills Limited . 3,520,6581,768,488 - 90,427 - - - 15,000 - 3,596,0851,768,488 157,584 13,415 660,033 222,829 1.040.35 1.030.35 5.89 FazalLimited Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 222,829 0.35 0.35 5.89 DelistedFazal Textile / Unqouted Mills Limited Companies 67,755 - - - (67,755) ------FazalNowshera Textile Engineering Mills Limited 67,75526,057 - - - (67,755) - - 26,057 - - - - - 5.21 - AccordGadoon Textile Textile Limited Mills 458,109 - - - - 132,499 - - 458,109132,499 1,231 - 17,735 - 0.03 - 0.03 - 4.93 0.57 NusratGadoon Textile Textile Mills Mills 306,342 - - - - 132,499 - - 132,499306,342 1,231 - 17,735 - 0.03 - 0.03 - 0.576.81 AdamjeeGlobe Textile Floorings Mills Limited 59,110 2,472 - - - - - 59,110 2,472 - - - - 2.46 0.02 PakGlobe Ghee Textile Industries Mills Limited Limited 58,618 2,472 - - - - - 58,618 2,472 - - - - 2.660.02 AdamjeeGulshan SpinningIndustries Mills Limited 1,151,974 121 - - - - 14,000 - 1,137,974 121 2,276 - 2,333 - - - 0.00 5.12 PakGulshan Paper Spinning Corporation Mills Limited 1,151,974 103,848 - - - - 14,000 - 1,137,974 103,848 2,276 - 2,333 - - - 5.12 - AdamjeeGulistan TextilePaper Mills Limited 269,806734,617 - - - - - 269,806734,617 5,877 - 11,019 - 0.02 - 0.02 - 6.45 3.87 PearlGulistan Fabrics Textile Mills Limited 229,970734,617 - - - - - 229,970734,617 5,877 - 11,019 - 0.02 - 0.02 - 2.643.87 AdilHajra Polyproplene Textile Mills Limited 136,201518,063 - - - - - 136,201518,063 - - - - 2.46 3.77 PolyronHajra Textile Limited Mills Limited 518,063 147 - - - - - 518,063 147 - - - - 0.003.77 AfsarIdeal SpinningTextile Mills Mills Limited. 658,396 64,184 - - - - - 658,396 64,184 922 - 5,399 - 0.01 - 0.01 - 3.85 6.64 PremierIdeal Spinning Board Mills Limited. 658,396 29,998 - - - - - 658,396 29,998 922 - 5,399 - 0.01 - 0.01 - 6.64 - Al-HussanyIndus Dyeing Industries Manufacturing Limited 61,573 - - - - - 61,573 - - - - 2.46 PremierIndus Dyeing Ceramics Manufacturing Limited 5,350 - - - - - 5,350 - - - - 1.07 Alif TextileCompany Mills Limited Limited 320,085525,295 - - - - - 320,085525,295 5,509 - 489,748 - 0.76 - 0.76 - 8.21 2.91 PunjabCompany Building Limited 443,845525,295 - - - - - 443,845525,295 5,509 - 489,748 - 0.76 - 0.76 - 2.91 - AlliedJ. A. Textile Textile Mills Mills Limited Limited 107,510279,861 - - - - 152,500 - 107,510127,361 - 479 - - - 5.50 1.01 PunjabJ. A. Textile Cotton Mills Limited 279,861 56,155 - - - - 152,500 - 127,361 56,155 - 479 - - - 1.01 - AmazaiKarim Cotton Textile Mills Mills Limited Limited 110,562 299 - - - - - 110,562 299 - - - - 0.01 9.34 PunjabKarim Cotton Lamp Mills Limited 108,468110,562 - - - - - 108,468110,562 - - - - 9.34 - ApexKohinoor Fabrics Spinning Limited Mills Limited 284,101540,827 - - - - - 284,101540,827 - 9,032 - 0.01 - 0.01 - 4.93 0.42 QayyumKohinoor Spinning Spinning Mills Limited 540,827 149 - - - - - 540,827 149 - 9,032 - 0.01 - 0.01 - 0.000.42 AragKhalid Industries Siraj Textile Limited Mills Limited 189,220700,498 - - - - 6,000 - 189,220694,498 - 2,438 - - - 6.49 - RCDKhalid Ball Siraj Textile Mills Limited 700,498 19,716 - - - - 6,000 - 694,498 19,716 - 2,438 - - - 1.316.49 AsloLand Electronics Mark Spinning Industries Limited 395,437 39,407 - - - - - 395,437 39,407 - 2,804 - - - 1.97 3.26 Refr'sLand Mark Manufacturing Spinning Industries Co.Pk Limited 395,437 26 - - - - - 395,437 26 - 2,804 - - - 0.003.26 AswanMehr Dastgir Tentage Textile Limited Mills Limited 168,712 259 - - - - - 168,712 259 - - - - 2.61 0.00 RexMehr Baren Dastgir Battery Textile Mills Limited 56,155 259 - - - - - 56,155 259 - - - - 1.500.00 AutomobileMaqbool Textile Equipment Mills Limited. Manufacturing 1,420,216 37,750 - - - - - 1,420,216 37,750 11,362 - 22,170 - 0.03 - 0.03 - 9.44 8.45 SaifMaqbool Nadeem Textile Kawasaki Mills Limited. Motors 1,420,216 - - - - - 1,420,216 11,362 22,170 0.03 0.03 8.45 CompanyOlympia Textile Limited Mills Limited. 358,359 - - - - - 358,359 - 4,838 0.01 0.01 3.32 OlympiaLimited Textile Mills Limited. 358,359 482 - - - - - 358,359 482 - 4,838 - 0.01 - 0.01 - 3.320.02 AwanPremium Textile Textile Mills Mills Limited Limited 213,390807,307 - - - - - 213,390807,307 8,803 - 71,815 - 0.11 - 0.11 - 13.10 2.46 SaitexPremium Spinning Textile MillsMills LimitedLimited 358,212807,307 - - - - - 358,212807,307 8,803 - 71,815 - 0.11 - 0.11 - 13.10 4.84 BahawalpurReliance Cotton Textile Spinning Mills Limited Mills Limited 465,638 64,250 - - - - - 465,638 64,250 3,824 - 46,098 - 0.07 - 0.07 - 6.43 4.52 SaleemReliance Denim(Kaytex Cotton Spinning Mills) Mills Limited 162,160465,638 - - - - - 162,160465,638 3,824 - 46,098 - 0.07 - 0.07 - 3.774.52 BalochistanRuby Textile Tower Mills Limited 482,164 74,114 - - - - - 482,164 74,114 - 2,122 - - - 1.49 0.92 SapphireRuby Textile Holding Mills Limited 352,976482,164 - - - - - 352,976482,164 - 3,5302,122 0.01 - 0.01 - 1.760.92 BaluchistanSaif Textile Mills Textile Limited Mills Limited 1,955,871 200,000 - - - - 4,000 - 1,951,871 200,000 4,821 - 36,929 - 0.06 - 0.06 - 10.00 7.39 ShahpurSaif Textile Textile Mills MillsLimited Limited. 1,955,871 890,850 - - - - 4,000 - 1,951,871 890,850 4,821 - 36,929 - 0.06 - 0.06 - 6.377.39 Bank Of Bahawalpur Limited 2,690 - - - - - 2,690 - - - - 0.54 Shahyar (O.E.) 78,469 - - - - - 78,469 - - - - 3.79 Bankers Equity Limited 3,408,091 - - - - - 3,408,091 - - - - 5.20 Shahyar Textile Mill 222,109 - - - - - 222,109 - - - - 5.14 Bawany Textile Mills 84,233 - - - - - 84,233 - - - - 4.81 Siftaq International Limited 108,222 - - - - - 108,222 - - - - 3.59 Bela Engineering Limited 266,145 - - - - - 266,145 - - - - 7.83 Sind Alkalis Limited 704,745 - - - - - 704,745 - - - - 9.42 Central Cotton 34,948 - - - - - 34,948 - - - - 0.45 Spencer And Company (Pakistan) Limited 4,986 - - - - - 4,986 - - - - 0.50 Chemical Limited 40,000 - - - - - 40,000 - - - - 5.08 Standard Bank Limited 538 - - - - - 538 - - - - 0.03 Sunrise Textile Mills Limited 15,024 - - - - - 15,024 - - - - 0.14 Sunshine Cloth Mills Limited 440,918 - - - - - 440,918 - - - - 5.62 Synthetic Chemical Company Limited 82,125 - - - - - 82,125 - - - - 1.46 Taga Pakistan Limited 96,055 - - - - - 96,055 - - - - 3.69 Tariq Cotton Mills Limited 43,100 - - - - - 43,100 - - - - 6.16 Tawakkal Garments Industries Limited 118,664 - - - - - 118,664 - - - - 0.98 Tawakkal Limited 113,264 - - - - - 113,264 - - - - 0.81 Tawakkal Modaraba Ist. 474,032 - - - - - 474,032 - - - - 1.83 Taxila Engineering Company Limited 206,888 - - - - - 206,888 - - - - 4.87 Turbo Tec Limited 170,879 - - - - - 170,879 - - - - 1.71 Union Insurance Company Of Pakistan 306 - - - - - 306 - - - - 0.00 Limited Uqab Breeding Farms Limited 139,748 - - - - - 139,748 - - - - 5.27 Zaffar Textile 66,844 - - - - - 66,844 - - - - 6.68 Zahur Textile Mills Limited 412,147 - - - - - 412,147 - - - - 0.55 18,209,957 - - - - - 18,209,957 - 3,530 0.01 0.01

813,579,291 1,115,380 843,768 30,520,998 64,744 87,580,819 758,543,362 12,193,612 61,643,429 96.22 95.55 Right Percentage Bonus Carrying Market Market Market shares Merger/ of paid-up Purchase issue Sale As at 31 value as at value as at value as value as As at 01 July purchased / demerger/ capital of Name of Investee Companies during the during during the December 31 31 percentage percentage 2015 subscribed adjust. the investee period the Year 2015 December December of Net of during the Effects company period 2015 2015 Assets Investments period held

------(Number of Shares) ------(Rupees in '000) ------(%) ------Chemphur Pakistan Limited 17,972 - - - - - 17,972 - - - - 1.80 Chilya C. Board 43,200 - - - - - 43,200 - - - - 6.17 Crescent Knitwear 81,277 - - - - - 81,277 - - - - - Crescent Spinning Mills Limited 727,080 - - - - - 727,080 - - - - 4.80 Crown Textile 317,647 - - - - - 317,647 - - - - 4.92 Dadabhoy Leasing 370,674 - - - - - 370,674 - - - - 4.93 Elmac Limited 24,600 - - - - - 24,600 - - - - 2.46 Fazal Vegetable Ghee Mills Limited 42,005 - - - - - 42,005 - - - - 2.10 Ghaffar Text Mills 45,835 - - - - - 45,835 - - - - 9.17 Ghulam Muhammad Dadabhoy 49,259 - - - - - 49,259 - - - - 0.99 Greaves Aircondition 59,110 - - - - - 59,110 - - - - - Gypsum Corporation 165,017 - - - - - 165,017 - - - - 5.00 H-Shaikh 113,022 - - - - - 113,022 - - - - - H.M Silk Mills Limited 158,350 - - - - - 158,350 - - - - 10.56 Harum Textile Mulls Limited 58,248 - - - - - 58,248 - - - - 0.62 Hyderabad Electronic 98,518 - - - - - 98,518 - - - - 3.28 Indus Assurance Company Limited 3,300 - - - - - 3,300 - - - - 0.02 7.3 Government securities Indus Bank Limited 147 - - - - - 147 - - - - 0.00 Indus Polyester Company Limited 4 - - - - - 4 - - - - 0.00 Industrial Development Bank 1,970 - - - - - 1,970 - - - - 0.04 Face value Balance as at 31 December 2015 Market Innovative Investment Bank Limited 35,227 - - - - - 35,227 - - - - 0.35 Market value as a value as a Islamic Investment Bank 139,990 - - - - - 139,990 - - - - 0.71 Purchases Sales/ matured As at 31 Issue date Tenor As at 01 percentage of percentage Itti Textile Mills Limited 163,151 - - - - - 163,151 - - - - 2.46 during the during the December Carrying value Market value July 2015 net assets of Junaid Cotton Mills Limited 37,436 - - - - - 37,436 - - - - 1.50 period period 2015 investments Karachi Pipe 156,102 - - - - - 156,102 - - - - 7.81 NATIONALKarim Silk Mills Limited INVESTMENT 19,223 (UNIT) - TRUST - - - - 19,223 - - - - 1.97 NATIONAL INVESTMENT (UNIT)------TRUST (Rupees in '000) ------(%) ------Kohinoor Cotton 62,553 - - - - - 62,553 - - - - 5.57 72,661,716 71,350,937 Kohinoor Looms Limited 169,648 - - - - - 169,648 - - - - 1.57 NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL NOTESMarket TO treasury AND bills FORMING PART OF THE CONDENSED INTERIM FINANCIAL Lafayette Industries Synthetics 5 March 2015 06 Months - 250,000 250,000 - - - - - Limited 92,360 - - - - - 92,360 - - - - 2.59 25 June 2015 03 Months - 600,000 600,000 - - - - - INFORMATIONLTV Capital Modaraba (UNAUDITED) 321 - - - - - 321 - - - - 0.00 INFORMATION (UNAUDITED) Marr Fabrics Limited 118,221 - - - - - 118,221 - - - - 4.93 29 June 2015 02 Months - 800,000 800,000 - - - - - FOR7.2 THEMehranAvailable Bank SIX Limited for AND sale THREE 738,590 MONTHS - PERIOD - - ENDED - DECEMBER - 738,590 31, - 2015 - - - 2.46 FOR THE9 July 2015 SIX AND03 THREE Months MONTHS - 400,000 PERIOD 400,000 ENDED - DECEMBER - 31, 2015 - - - Mehran Jute Mills Limited 121,543 - - - - - 121,543 - - - - 3.96 Mian Muhammed Sugar Mills - 2,050,000 2,050,000 - - - - - 7.2.1 ListedLimited equity shares / units 172,406of mutual -funds - - - - 172,406 - - - - 1.17 Mohib Textile Mills Limited 159,813 - - - - - 159,813 - - - - 1.33 Mubarik Dairies Limited 416 - - - - - 416 - - - - 0.01 7.4 Investments - 'held to maturity' Right Percentage National Match Industries 26,452 - Bonus - - - - 26,452 Carrying - Market - Market - Market - 7.56 shares Merger/ of paid-up National Overseas 24,629 Purchase - issue - - - Sale - As at 24,629 31 value as - at value as - at value as- value as - - As at 01 July purchased / demerger/ capital of At cost NaveedName Textile of InvesteeMills Companies 70,637 during -the during - - - during the- December 70,637 31 - 31 - percentage - percentage - 3.62 2015 subscribed adjust. the investee Norrie Textile Mills Limited 136,500 period - the - - - Year - 2015 136,500 December - December - of Net - of - 2.81 Percentage of net during the Effects company Name Redemptions Northern Foundry And Egineering Work 94,868 - period - - - - 94,868 2015 - 2015 - Assets - Investments - 18.97 Opening Closing assets period held during the period Limited Nowshera Engineering ------26,057 - - (Number of - Shares) ------26,057------(Rupees - in '000) ------(%) ------5.21 ------(Rupees in '000) ------(%) --- NusratClose -Textile End Mutual Mills Fund 306,342 - - - - - 306,342 - - - - 6.81 PakDominion Ghee StockIndustries Fund Limited 157,629 58,618 - - - - - 157,629 58,618 - 54 - 54 - - 2.663.15 Investment in securities classified as - 'held to maturity' PakInvestec Paper Mutual Corporation Fund 103,848172,406 - - - - - 103,848172,406 - - - - 1.72 - PearlPICIC Fabrics Growth Fund 6,429,358 229,970 - - - - - 6,429,358 229,970 35,940 - 144,853 - 0.23 - 0.22 - 2.642.27 PolyronPICIC Investment Limited Fund 10,108,128 147 - - - - - 10,108,128 147 20,519 - 115,536 - 0.18 - 0.18 - 0.003.56 Investment under Morabaha Arrangements Premier Board 16,867,521 29,998 - - - - - 16,867,521 29,998 56,513 - 260,443 - 0.41 - 0.40 - - Textile Management (Private) Limited 4,125 - 4,125 0.01 PremierModarabas Ceramics Limited 5,350 - - - - - 5,350 - - - - 1.07 Pak China Fertilizers Limited 27,000 - 27,000 0.04 PunjabB.R.R. GuardianBuilding Modarba 1,858,077 443,845 - - - - - 1,858,077 443,845 2,397 - 13,527 - 0.02 - 0.02 - 2.38 - Quaidabad Woolen Mills Limited 23,000 - 23,000 0.04 PunjabHabib Modarba Cotton First 1,584,070 56,155 - - - - - 1,584,070 56,155 8,982 - 15,841 - 0.02 - 0.02 - 0.79 - Sub-total 54,125 - 54,125 0.08 PunjabStandard Lamp Chartered Modaraba 1,948,462 108,468 - - - - - 1,948,462 108,468 13,269 - 52,998 - 0.08 - 0.08 - 4.29 - Less : Provision for impairment loss (54,125) - (54,125) (0.08) 5,390,609 - - - - - 5,390,609 24,648 82,366 0.12 0.12 Qayyum Spinning Mills Limited 149 - - - - - 149 - - - - 0.00 - - - - RCDLeasing Ball Companies 19,716 - - - - - 19,716 - - - - 1.31 Refr'sNext Capital Manufacturing Limited Co.Pk 500,000 26 - - - - - 500,000 26 1,900 - 3,645 - 0.01 - 0.01 - 0.002.50 RexOrix BarenLeasing Battery Pakistan Limited 1,333,580 56,155 - - - - 630,000 - 703,580 56,155 3,680 - 42,567 - 0.07 - 0.07 - 1.500.86 Participation Term Certificates SaifSecurity Nadeem Leasing Kawasaki Corporation Motors Limited 371,026 - - - - 50,000 321,026 543 610 - - 0.88 Adamjee Paper & Board Mills Limited 10,500 - 10,500 0.02 SaudiLimited Pak Leasing Limited 556,752 482 - - - - 184,000 - 372,752 482 179 - 645 - - - 0.020.83 Less : Provision for impairment loss (10,500) - (10,500) (0.02) Saitex Spinning Mills Limited 2,761,358 358,212 - - - - 864,000 - 1,897,358 358,212 6,302 - 47,467 - 0.08 - 0.08 - 4.84 - - - - SaleemInvestment Denim(Kaytex Banks / Investment Mills) 162,160 - - - - - 162,160 - - - - 3.77 SapphireCompanies Holding / LimitedSecurities Companies 352,976 - - - - - 352,976 - 3,530 0.01 0.01 1.76 ShahpurDawood CapitalTextile MillsManagement Limited. Limited 890,850663,832 - - - - - 890,850663,832 431 - 1,427 - - - 6.374.43 Term Finance Certificates and Redeemable Capital ShahyarFirst Capital (O.E.) Securities Corporation 78,469 - - - - - 78,469 - - - - 3.79 Adamjee Paper & Board Mills Limited 8,125 - 8,125 0.01 ShahyarLimited Textile Mill 3,988,559 222,109 - - - - 10,000 - 3,978,559 222,109 7,207 - 11,538 - 0.02 - 0.02 - 5.141.26 Naimat Basal Oil & Gas Securitization Company Limited 2 - 2 0.00 SiftaqFirst Dawood International Investment Limited Bank Limited 2,368,064 108,222 - - - - 490,000 - 1,878,064 108,222 1,427 - 2,498 - - - 3.593.00 Pakistan Telecommunication Limited (PTC) / BEL 753 - 753 0.00 SindInvest Alkalis Capital Limited Investment Bank Limited 8,271,554 704,745 - - - - - 8,271,554 704,745 1,654 - 11,415 - 0.02 - 0.02 - 9.422.90 SpencerIGI Investment And Company Bank Limited (Pakistan) Limited 6,433,579 4,986 - - - - 1,429,000 - 5,004,579 4,986 4,504 - 7,857 - 0.01 - 0.01 - 0.502.36 Sub-total 8,880 - 8,880 0.01 Investec Securities Limited 98,518 - - - - - 98,518 - - - - 0.60 Standard Bank Limited 538 - - - - - 538 - - - - 0.03 Less: Provision for impairment loss (8,880) - (8,880) (0.01) SunriseJ.O.V.& CompanyTextile Mills Limited Limited 1,775,606 15,024 - - - - - 1,775,606 15,024 - - - - 0.143.49 - - - - SunshineJahangir Siddiqui Cloth Mills & Company Limited Limited 440,918993,701 - - 188,740 - - 75,000 - 1,107,441 440,918 5,590 - 23,190 - 0.04 - 0.04 - 5.620.15 SyntheticPrudential Chemical Investment Company Bank Limited Limited 326,292 82,125 - - - - - 326,292 82,125 - - - - 1.463.26 TagaSecurity Pakistan Investment Limited Bank Limited 2,262,698 96,055 - - - - - 2,262,698 96,055 2,828 - 5,182 - 0.01 - 0.01 - 3.694.40 Total 73,505 - 73,505 0.11 Tariq Cotton Mills Limited 27,182,403 43,100 - - 188,740 - - 2,004,000 - 25,367,143 43,100 23,641 - 63,107 - 0.10 - 0.10 - 6.16 Less: Provision for impairment loss (73,505) - (73,505) (0.11) TawakkalCommercial Garments Banks Industries - - - - AlliedLimited Bank Limited 1,864,104 118,664 - - - - 305,500 - 1,558,604 118,664 98,820 - 146,914 - 0.23 - 0.23 - 0.980.14 TawakkalAskari Bank Limited Limited 30,034,856 113,264 - - - - 2,454,500 - 27,580,356 113,264 252,050 - 599,597 - 0.94 - 0.93 - 0.812.19 TawakkalBank Al - FalahModaraba Limited Ist. 1,438,409 474,032 - - - - 450,000 - 474,032988,409 11,240 - 28,486 - 0.04 - 0.04 - 1.830.07 7.5 Investments include shares with market value of Rs 822.565 million (30 June 2015: Rs. 985.765 million) which have been pledged TaxilaBank Al Engineering - Habib Limited Company 84,316,829 100,000 - - - 7,076,500 77,340,329 838,183 3,217,357 5.03 4.99 6.96 BankislamiLimited Pakistan 206,888397,816 - - - - 150,000 - 206,888247,816 1,532 - 2,850 - - - 4.870.04 with National Clearing Company of Pakistan Limited for guaranteeing settlement of the Fund's trades in accordance with Circular TurboFaysal Tec Bank Limited Limited 6,309,853 170,879 - - - - 2,760,000 - 3,549,853 170,879 18,200 - 54,774 - 0.09 - 0.08 - 1.710.30 no. 11 dated 22 October 2007 issued by the Securities and Exchange Commission of Pakistan. UnionHabib InsuranceBank Limited Company Of Pakistan 1,517,533 306 - - - - 295,000 - 1,222,533 306 164,035 - 244,653 - 0.38 - 0.38 - 0.080.00 HabibLimited Metropolitan Bank Limited 58,007,607 25,000 - - - 4,870,000 53,162,607 808,242 1,619,865 2.53 2.51 5.07 JSUqab Bank Breeding Limited Farms Limited 12,586,161 139,748 - - - - 2,381,500 - 10,204,661 139,748 19,636 - 79,086 - 0.12 - 0.12 - 5.270.95 7.6 Finance Act 2014 has introduced tax on bonus shares issued by the Companies. Most equity funds including NI(U)T Fund have MCBZaffar Bank Textile Limited 113,842 66,844 - - - - - 113,842 66,844 13,408 - 24,687 - 0.04 - 0.04 - 0.016.68 challenged the applicability of witholding tax provision on bonus shares before Honorable High Court of Sindh ("the Court") on NationalZahur Textile Bank Mills Of Pakistan Limited Limited 1,462,078 412,147 - - - - 350,000 - 1,112,078 412,147 33,064 - 60,097 - 0.09 - 0.09 - 0.050.55 various legal grounds and have sought relief from the Court. The Court, in its order dated 25 November 2014, has granted interim NIB Bank Limited 18,209,957 4,151,532 - - - - 2,500,000 - 18,209,957 1,651,532 2,495 - 3,1383,530 0.01 - 0.01 - 0.02 Samba Bank Limited 3,823,804 - - - - 590,500 3,233,304 8,315 19,400 0.03 0.03 0.32 relief by passing the restraining order whereby the Defendants, (issuers of the bonus shares) have refrained from deducting and Silkbank Limited 813,579,291 11,179,004 1,115,380 - 843,768 - 20,878,41330,520,998 64,744 - 87,580,819 11,177,000 758,543,362 20,880,417 12,193,612 32,574 61,643,429 38,002 96.22 0.06 95.55 0.06 0.78 /or transfering 5% withholding tax on bonus shares issued by them. Summit Bank Limited 2,507,478 - - - - 1,975,500 531,978 1,112 2,091 - - 0.05 Soneri Bank Limited 117,273,049 - - - - 6,101,000 111,172,049 355,103 1,682,033 2.63 2.61 10.08 7.3 UnitedGovernment Bank Limited securities 823,599 - - - - 65,000 758,599 83,487 117,545 0.18 0.18 0.06 As an abundant caution, the NI(U)T Fund has made payments which is equivalent to 5% value of the respective bonus shares, 337,807,554 125,000 - 20,878,413 - 43,502,000 315,308,967 2,741,496 7,940,575 12.39 12.29 determined on the basis of day-end price on the first day of book closure. These payments have been recorded as part of cost of Textile Spining respective investments. Detail is as follows: Adil Textile Mills Limited 93,592 - Face - value - - Balance - as 93,592at 31 December - 2015 833 - - Market 1.21 Amtex Limited 918,523 - - - - 555,000 363,523 436 Market 694 value -as a value - as a 0.14 Al - QaimIssue Textile date Mills Limited Tenor 358,753 Purchases - - Sales/ matured - As at - 31 - 358,753 - -percentage -of percentage - 4.81 Market value as As at 01 5% (No. of bonus Payment made to the Asim Textile Mills Limited 1,142,800 during - the - during the - December - 2,000 Carrying value 1,140,800 Market - value 6,959 net assets 0.01 0.01 of 7.52 on 31 December July 2015 shares) investee companies Babri Cotton Mills Limited 80,578 period - - period - 2015 - - 80,578 392 3,223 0.01 investments - 2.21 2015 Brothers Textile Mills Limited 602,461 - - - - 20,000 582,461 - 3,052 - - 5.94 (In Million) Crescent Cotton Mills Limited 1,048,579 ------(Rupees in - '000) ------1,048,579 5,505 49,283 ------0.08 (%) ------0.08 4.91 Crescent Fibres Limited 852,681 - - - - - 852,681 - 37,825 0.06 0.06 6.87 72,661,716 71,350,937 Security Papers Limited * 21,958 1.94 1.45 Colony Textile Mills Limited 1,204,498 - - - - 105,000 1,099,498 1,389 3,309 0.01 0.01 1.39 Market treasury bills Searle Pakistan Limited * 36,230 14.34 6.86 Chakwal5 March Spinning 2015 Mills Limited06 Months 754,008 - - 250,000 - 250,000 - - - - 754,008 - - - 12,818 0.02 - 0.02 1.89 - Data Textile Limited 618,595 - - - - - 618,595 - - - - 6.24 Suraj Cotton Mills Limited * 2,357 0.37 0.26 25 June 2015 03 Months - 600,000 600,000 - - - - - Din Textile Mills Limited 340,301 - - - - - 340,301 3,847 38,964 0.06 0.06 1.52 Faysal Bank Limited * 41,151 0.64 0.63 29 June 2015 02 Months - 800,000 800,000 - - - - - Dewan Khalid Textile Mills Limited 224,486 - - - - - 224,486 224 1,403 - - 3.95 Gul Ahmed Textile Mills Limited ** 49,732 1.80 - Dewan9 July 2015Mushtaq Textile Mills Limited03 Months 197,424 - - 400,000 - 400,000 - - - 5,000 192,424 - 385 - 1,006 -- - 5.60 - Mari Petroleum Company Limited ** 38,238 26.66 - D. M. Textile Mills Limited 331,614 - - - - 2,500 329,114 592 12,786 0.02 0.02 10.78 Shezan International Limited * 6,904 4.22 6.32 - 2,050,000 2,050,000 - - - - - D.S.Industries Limited 44,780 - - - - - 44,780 34 135 - - 0.07 Highnoon Laboratories Limited *** 2,671 1.54 0.66 Dar-Es-Salaam Textile Mills Limited 266,787 - - - - 5,000 261,787 576 1,243 - - 3.27 Searle Pakistan Limited *** 22,656 8.96 9.21 Ellcot Spinning Mills Limited 704,380 - - - - - 704,380 7,482 34,726 0.05 0.05 6.43 Suraj Cotton Mills Limited *** 2,582 0.40 0.40 7.4 FatimaInvestments Enterprises Limited - 'held to maturity' 628,671 - - - - - 628,671 - - - - 4.42 Fazal Cloth Mills Limited . 1,768,488 - - - - - 1,768,488 13,415 222,829 0.35 0.35 5.89 United Distrubutors Pakistan Limited *** 4,520 0.14 0.14 61.01 25.93 Fazal Textile Mills Limited 67,755 - - - (67,755) - - At cost - - - - - Gadoon Textile Mills - - - - 132,499 - 132,499 1,231 17,735 0.03 0.03 0.57 Percentage of net Globe Textile Mills Limited 2,472Name - - - - - 2,472 Redemptions - - - - 0.02 Opening Closing assets Gulshan Spinning Mills Limited 1,151,974 - - - - 14,000 1,137,974 during 2,276the period 2,333 - - 5.12 Gulistan Textile Mills Limited 734,617 - - - - - 734,617 5,877 11,019 0.02 0.02 3.87 Hajra Textile Mills Limited 518,063 ------518,063 (Rupees -in '000) ------(%) --- 3.77 Ideal Spinning Mills Limited. 658,396 - - - - - 658,396 922 5,399 0.01 0.01 6.64 Indus Dyeing Manufacturing - - Investment in securities classified as - 'held to maturity' Company Limited 525,295 - - - - - 525,295 5,509 489,748 0.76 0.76 2.91 J. A. Textile Mills Limited 279,861 - - - - 152,500 127,361 - 479 - - 1.01 Investment under Morabaha Arrangements Karim Cotton Mills Limited 110,562 - - - - - 110,562 - - - - 9.34 KohinoorTextile Management Spinning Mills (Private)Limited Limited 540,827 - - - - - 4,125 540,827 - - 9,032 4,125 0.01 0.01 0.42 0.01 KhalidPak China Siraj Textile Fertilizers Mills Limited Limited 700,498 - - - - 6,000 27,000 694,498 - - 2,438 27,000 - - 6.49 0.04 LandQuaidabad Mark Spinning Woolen Industries Mills Limited Limited 395,437 - - - - - 23,000 395,437 - - 2,804 23,000 - - 3.26 0.04 MehrSub-total Dastgir Textile Mills Limited 259 - - - - - 54,125 259 - - - 54,125 - - 0.00 0.08 MaqboolLess : Provision Textile Mills for Limited. impairment loss 1,420,216 - - - - - (54,125) 1,420,216 11,362 - 22,170 (54,125) 0.03 0.03 (0.08) 8.45 Olympia Textile Mills Limited. 358,359 - - - - - 358,359 - - - 4,838 0.01 - 0.01 3.32 - Premium Textile Mills Limited 807,307 - - - - - 807,307 8,803 71,815 0.11 0.11 13.10 Reliance Cotton Spinning Mills Limited 465,638 - - - - - 465,638 3,824 46,098 0.07 0.07 4.52 RubyParticipation Textile Mills Term Limited Certificates 482,164 - - - - - 482,164 - 2,122 - - 0.92 SaifAdamjee Textile PaperMills Limited & Board Mills Limited 1,955,871 - - - - 4,000 10,5001,951,871 4,821 - 36,929 10,500 0.06 0.06 7.39 0.02 Less : Provision for impairment loss (10,500) - (10,500) (0.02) - - - -

Term Finance Certificates and Redeemable Capital Adamjee Paper & Board Mills Limited 8,125 - 8,125 0.01 Naimat Basal Oil & Gas Securitization Company Limited 2 - 2 0.00 Pakistan Telecommunication Limited (PTC) / BEL 753 - 753 0.00

Sub-total 8,880 - 8,880 0.01 Less: Provision for impairment loss (8,880) - (8,880) (0.01) - - - -

Total 73,505 - 73,505 0.11 Less: Provision for impairment loss (73,505) - (73,505) (0.11) - - - -

7.5 Investments include shares with market value of Rs 822.565 million (30 June 2015: Rs. 985.765 million) which have been pledged with National Clearing Company of Pakistan Limited for guaranteeing settlement of the Fund's trades in accordance with Circular no. 11 dated 22 October 2007 issued by the Securities and Exchange Commission of Pakistan.

7.6 Finance Act 2014 has introduced tax on bonus shares issued by the Companies. Most equity funds including NI(U)T Fund have challenged the applicability of witholding tax provision on bonus shares before Honorable High Court of Sindh ("the Court") on various legal grounds and have sought relief from the Court. The Court, in its order dated 25 November 2014, has granted interim relief by passing the restraining order whereby the Defendants, (issuers of the bonus shares) have refrained from deducting and /or transfering 5% withholding tax on bonus shares issued by them.

As an abundant caution, the NI(U)T Fund has made payments which is equivalent to 5% value of the respective bonus shares, determined on the basis of day-end price on the first day of book closure. These payments have been recorded as part of cost of respective investments. Detail is as follows:

Market value as 5% (No. of bonus Payment made to the on 31 December shares) investee companies 2015 (In Million)

Security Papers Limited * 21,958 1.94 1.45 Searle Pakistan Limited * 36,230 14.34 6.86 Suraj Cotton Mills Limited * 2,357 0.37 0.26 Faysal Bank Limited * 41,151 0.64 0.63 Gul Ahmed Textile Mills Limited ** 49,732 1.80 - Mari Petroleum Company Limited ** 38,238 26.66 - Shezan International Limited * 6,904 4.22 6.32 Highnoon Laboratories Limited *** 2,671 1.54 0.66 Searle Pakistan Limited *** 22,656 8.96 9.21 Suraj Cotton Mills Limited *** 2,582 0.40 0.40 United Distrubutors Pakistan Limited *** 4,520 0.14 0.14 61.01 25.93 8 DIVIDEND AND OTHER RECEIVABLES 31 December 30 June NATIONAL INVESTMENT (UNIT) TRUST NATIONAL INVESTMENT (UNIT) TRUST 2015 2015 Unaudited Audited NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL(Rupees in '000)

INFORMATION (UNAUDITED) INFORMATIONDividend Receivable (UNAUDITED) 124,956 50,367 Profit on term finance cetificates 24,152 24,152 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR THELess: SIXProvision AND against THREE doubtful MONTHS receivables PERIOD ENDED DECEMBER 31, 2015 (24,152) (24,152) - - Profit on Morabaha arrangements 51,672 51,672 * Security Papers Limited, Searle Pakistan Limited, Suraj Cotton Mills Limited, Faysal Bank Limited and Shezan International 8 DIVIDENDLess: Provision AND against OTHER profit RECEIVABLES on Morabaha arrangements 31 December (51,672) 30 June (51,672) - - * SecurityLimited havePapers releasedLimited, theSearle above PakistanmentionedLimited, bonus sharesSuraj Cotton and haveMills retainedLimited, theFaysal payments.Bank Limited and Shezan International 2015 2015 Limited have released the above mentioned bonus shares and have retained the payments. Unaudited Audited ** Gul Ahmed Textile Mills Limited and Mari Petroleum Company Limited have returned the payments on 05 December 2014 and Mark-up receivable on bank deposits (Rupees 6,440 in '000) 21,385 14 January 2015 respectively and have not released the shares due to court order and recorded as liability. ** Gul Ahmed Textile Mills Limited and Mari Petroleum Company Limited have returned the payments on 05 December 2014 and Advance against Pre-IPO investment 8.1 150,000 150,000 14 January 2015 respectively and have not released the shares due to court order and recorded as liability. Dividend Receivable 124,956 50,367 *** Highnoon Laboratories Limited, Searle Pakistan Limited, Suraj Cotton Mills Limited and United Distributors Limited has not ProfitLess: onProvision term finance against cetificates doubtful receivables (150,000) 24,152 (150,000) 24,152 released the bonus shares and retained the payment due to court order. Less: Provision against doubtful receivables (24,152) - (24,152) - *** Highnoon Laboratories Limited, Searle Pakistan Limited, Suraj Cotton Mills Limited and United Distributors Limited has not Other receivables 14,694 2,991 released the bonus shares and retained the payment due to court order. - - 7.7 The investmentinvestment portfolioportfolio ofof thethe FundFund includesincludes 20,074,49920,074,499 sharesshares ofof PakistanPakistan StateState OilOil CompanyCompany LimitedLimited andand 18,338,03118,338,031 sharesshares of Suiof ProfitLess: onProvision Morabaha against arrangements doubtful receivables 51,672(4,304) 51,672(2,991) NorthernSui Northern Gas PipelineGas Pipelines Limited,Limited, which havewhich beenhave frozenbeen byfrozen the Governmentby the Government of Pakistanof (GOP)Pakistan for (GoP)sale in forthesale equityin marketthe equity duemarket to their Less: Provision against profit on Morabaha arrangements (51,672) 10,390 (51,672) - 7.7 The investment portfolio of the Fund includes 20,074,499 shares of Pakistan State Oil Company Limited and 18,338,031 shares of 141,786 71,752 proposeddueSui Northernto their privatisation.proposedGas Pipelines privatisation.The 20,074,499Limited,Thewhich frozen20,074,499have sharesbeenfrozen andfrozen 26,500sharesby freetheand sharesGovernment26,500 (Totalfree of=shares 20,100,999Pakistan(Total(GoP) shares)= 20,100,999for ofsale Pakistaninshares)the Stateequityof PakistanOilmarket Com- - - pany Limited (PSO) having market value of Rs. 6,548.3024 million as on 31 December 2015. Out of total 12,673,295 shares of PSO are Statedue toOiltheirCompanyproposedLimitedprivatisation.(PSO) havingThe 20,074,499market valuefrozenof sharesRs. 6,548andmillion26,500asfreeonshares31 December(Total =201520,100,999(30 Juneshares)2015:ofRs.Pakistan7,799 held physically by CDC-Trustee and remaining 7,427,704 shares of PSO are physically held by National Bank of Pakistan (the former 8.1 This include Rs. 150 million (30 June 2015: 150 million) which the Fund had subscribed towards the term finance certificates of an Statemillion)Oil areCompany physicallyLimited held by(PSO) Nationalhaving Bankmarket of Pakistanvalue (theof Rs. former6,548 Trustee)million havingas on 31titleDecember National Bank2015 of(30 PakistanJune 2015:- TrusteeRs. Wing.7,799 Mark-up receivable on bank deposits 6,440 21,385 trustee) having title National Bank of Pakistan - Trustee Wing. issuer as Pre-IPO on 13 March 2008. Under the agreement, the issuer was required to complete the public offering by 23 million) are physically held by National Bank of Pakistan (the former Trustee) having title National Bank of Pakistan - Trustee Wing. 7.8 Net unrealised appreciation on re-measurement of 31 December 31 December AdvanceNovember against2008. Pre-IPOHowever, investmentno public offering has been carried out by the issuer as at8.130 June 2015. 150,000In addition, profit 150,000on the advance against subscription , due after six months from the date of subscription, has also not been received by the Fund. As a 7.8 Netinvestments unrealised appreciationclassified as on'at fairre-measurement value through of profit 31 December2015 31 December2014 Less: Provision against doubtful receivables (150,000) (150,000) matter of prudence, the Fund has made a provision of 100% against this advance. investmentsor loss' - held classified for trading as 'at fair value through profit 2015 Unaudited 2014 - - or loss' - held for trading (RupeesUnaudited in '000) Other receivables 14,694 2,991 9 PAYABLE TO NATIONAL INVESTMENT TRUST (Rupees in '000) Less: Provision against doubtful receivables (4,304) (2,991) Market value of investments 2,887,321 3,054,058 LIMITED - MANAGEMENT COMPANY 10,390 - MarketLess: Carrying value of value investments of investments (2,763,380)2,887,321 (2,000,441)3,054,058 141,786 71,752 Management remuneration 9.1 107,928 58,920 Less: Carrying value of investments (2,763,380) 123,941 (2,000,441) 1,053,617 Sindh Sales Tax 9.2 17,530 10,253 123,941 1,053,617 8.1 This include Rs. 150 million (30 June 2015: 150 million) which the Fund had subscribed towards the term finance certificates of an 7.9 Net unrealised appreciation on re-measurement of Preliminaryissuer as Pre-IPO charges onand13 handlingMarch fee2008. Under the agreement, the issuer was required to complete the 3,871public offering by 56123 investments classified as 'available for sale' AllocationNovember of2008. expensesHowever, relatedno topublic registraroffering services,has been carried out by the issuer as at 30 June 2015. In addition, profit on the 7.9 Net unrealised appreciation on re-measurement of accounting, operation and valuation services 15 5,513 - investments classified as 'available for sale' advance against subscription , due after six months from the date of subscription, has also not been received by the Fund. As a Market value of investments 61,643,429 68,296,879 matter of prudence, the Fund has made a provision of 100% against this advance. 134,842 69,734 Market value of investments 61,643,429 68,296,879 Less: 99.1 PAYABLEUnder the TOrevised NATIONALNon-Banking INVESTMENTFinance TRUSTCompanies & Notified Entities Regulations 2008, notified on 25 November 2015, the Management Company of the Fund is entitled to a remuneration of an amount not exceeding 2 percent of average annual net Less:Cost / carrying value of investments 31,705,816 33,603,891 LIMITED - MANAGEMENT COMPANY assets. The Management Company has charged its remuneration at the rate of 1 percent per annum (30 June 2015: 1 percent per CostProvision / carrying for impairment value of investments thereagainst 7.9.1 (19,512,204)31,705,816 (19,486,421)33,603,891 annum) of the average net assets for the current period. Provision for impairment thereagainst 7.9.1 (19,512,204) 12,193,612 (19,486,421) 14,117,470 Management remuneration 9.1 107,928 58,920 12,193,61249,449,817 14,117,47054,179,409 Sindh Sales Tax 9.2 17,530 10,253 9.2 The Sindh Provincial Government has levied Sindh Sales Tax at the rate of 15% on the remuneration of the Management Less: Net unrealised appreciation in the fair value 49,449,817 54,179,409 Preliminary charges and handling fee 3,871 561 Company through Sindh Sales Tax on Services Act, 2011, effective from 1 July 2014. However, the rate has been revised from Less:of investments Net unrealised at beginning appreciation of the in theperiod fair value (54,374,307) (47,774,114) Allocation of expenses related to registrar services, 15% to 14% effective from 1 July 2015. Netof unrealised investments (diminution) at beginning / appreciation of the period during the period (54,374,307) (4,924,490) (47,774,114) 6,405,295 accounting, operation and valuation services 15 5,513 - Net unrealised (diminution) / appreciation during the period (4,924,490) 6,405,295 134,842 69,734 7.9.1 Provison for impairment against equity securities 10 PAYABLE TO THE CENTRAL DEPOSITORY 31 December 30 June COMPANY OF PAKISTAN LIMITED - TRUSTEE 2015 2015 7.9.1 Provison for impairment against equity securities 9.1 Under the revised Non-Banking Finance Companies & Notified Entities Regulations 2008, notified on 25 November 2015, the Balance as at 1 July 19,510,464 19,466,404 Management Company of the Fund is entitled to a remuneration of an amount not exceeding 2Unauditedpercent of averageAuditedannual net (Rupees in '000) BalanceCharge for as theat 1 period July 19,510,464 1,768 19,466,404 20,017 assets. The Management Company has charged its remuneration at the rate of 1 percent per annum (30 June 2015: 1 percent per Balance as at 31 December 19,512,232 19,486,421 annum) of the average net assets for the current period. Charge for the period 1,768 20,017 Trustee remuneration 2,313 2,365 Balance as at 31 December 19,512,232 19,486,421 9.2 TheSindhSindh SalesProvincial Tax Government has levied Sindh Sales Tax at the rate of 15% on10.1the remuneration 324of the Management - Company through Sindh Sales Tax on Services Act, 2011, effective from 1 July 2014. However, the rate 2,637has been revised 2,365from 8 DIVIDEND AND OTHER RECEIVABLES 31 December 30 June 15% to 14% effective from 1 July 2015. 10.1 The Sindh Provincial Government has levied Sindh Sales Tax at the rate of 14% on the remuneration of the Trustee through Sindh 2015 2015 Sales Tax on Services Act, 2011, effective from 1 July 2015. Unaudited Audited (Rupees in '000) 11 ACCRUED EXPENSES AND OTHER LIABILITIES Dividend Receivable 124,956 50,367 Provision for Workers' Welfare Fund 11.1 507,371 507,371 Profit on term finance cetificates 24,152 24,152 Federal Excise Duty 11.2 238,417 184,860 Less: Provision against doubtful receivables (24,152) (24,152) Excess dividend received 18,678 18,678 - - Distribution not claimed by unit holders 4,921 4,548 Profit on Morabaha arrangements 51,672 51,672 Brokerage payable against purchase of shares 1,707 2,050 Less: Provision against profit on Morabaha arrangements (51,672) (51,672) Auditors' remuneration payable 515 630 - - Zakat 9,596 35,895 Capital gain tax 1,230 1,759 Mark-up receivable on bank deposits 6,440 21,385 Withholding tax 78 336,347 Printing charges 2,657 1,157 Advance against Pre-IPO investment 8.1 150,000 150,000 Payable to National Clearing Company of Pakistan Limited 26 26 Less: Provision against doubtful receivables (150,000) (150,000) Payable against bonus shares 20,171 20,171 - - Payable against rating fee 232 - Other receivables 14,694 2,991 Others 242 170 Less: Provision against doubtful receivables (4,304) (2,991) 805,841 1,113,662 10,390 - 141,786 71,752 11.1 There has been no change in the status of litigation relating to Workers’ Welfare Fund as reported in annual financial statements of the Fund for the year ended 30 June 2015. 8.1 This include Rs. 150 million (30 June 2015: 150 million) which the Fund had subscribed towards the term finance certificates of an issuer as Pre-IPO on 13 March 2008. Under the agreement, the issuer was required to complete the public offering by 23 However, after the exclusion of the Mutual Funds from federal statute on Workers Welfare Fund, from 1 July 2015, the Fund has November 2008. However, no public offering has been carried out by the issuer as at 30 June 2015. In addition, profit on the discontinued making the provision in this regard. Had the provision not been maintained, the Net Assets Value (NAV) per unit of the advance against subscription , due after six months from the date of subscription, has also not been received by the Fund. As a Fund as at 31 December 2015 would have been higher by Rs. 0.5008 per unit (30 June 2015: Rs. 0.4565 per unit). matter of prudence, the Fund has made a provision of 100% against this advance. 11.2 As per the requirement of Finance Act, 2013, Federal Excise Duty (FED) at the rate of 16% on the remuneration of the 9 PAYABLE TO NATIONAL INVESTMENT TRUST Management Company has been applied effective 13 June 2013. The Management Company is of the view that since the LIMITED - MANAGEMENT COMPANY remuneration is already subject to provincial sales tax, further levy of FED may result in double taxation, which does not appear to be the spirit of the law. In 2014, the Honourable High Court of Sindh in a Constitutional petition relating to levy of FED on Mutual Management remuneration 9.1 107,928 58,920 Funds has granted a stay order for the recovery of FED. As a matter of abundant caution, without prejudice to the above, the Sindh Sales Tax 9.2 17,530 10,253 Management Company has made a provision with effect from 13 June 2013, aggregating to Rs. 255.744 million out of which Rs. Preliminary charges and handling fee 3,871 561 Allocation of expenses related to registrar services, 17.327 million have been paid to the Management Company. Had the provision not been made, the Net Assets Value (NAV) per unit of the fund as at 31 December 2015 would have been higher by Rs. 0.2524 per unit (30 June 2015: Rs. 0.1819 per unit). accounting, operation and valuation services 15 5,513 - 134,842 69,734

9.1 Under the revised Non-Banking Finance Companies & Notified Entities Regulations 2008, notified on 25 November 2015, the Management Company of the Fund is entitled to a remuneration of an amount not exceeding 2 percent of average annual net assets. The Management Company has charged its remuneration at the rate of 1 percent per annum (30 June 2015: 1 percent per annum) of the average net assets for the current period.

9.2 The Sindh Provincial Government has levied Sindh Sales Tax at the rate of 15% on the remuneration of the Management Company through Sindh Sales Tax on Services Act, 2011, effective from 1 July 2014. However, the rate has been revised from 15% to 14% effective from 1 July 2015. 12 DIVIDEND PAYABLE AND UNCLAIMED DISTRIBUTION

As at each accounting date, the amount of cash required to effect distribution of profits amongst holders of registered and bearer units, is transferred to a special account titled distribution account. The aggregate balance in such accounts for the years 1997-98 and earlier in case of distribution to registered unit holders and 1999-2000 and earlier in case of distribution to bearer unit holders exceeds the liability for unclaimed distribution by approximately Rs. 31.469 million . This amount represents payments of dividend out of accounts other than the relevant distribution account.

13 CONTINGENCIES AND COMMITMENTS

There were no contingencies and commitments as at 31 December 2015.

14 NUMBER OF UNITS IN ISSUE 31 December 2015 30 June 2015 Unaudited Audited Total 10 PAYABLE TO THE CENTRAL DEPOSITORY 31 December 30 June Registered Bearer Total COMPANY OF PAKISTAN LIMITED - TRUSTEE 2015 2015 ------(Number of units) ------Unaudited Audited Total outstanding at beginning of the period 1,058,469,261 (Rupees in '000) 1,087,781,207 23,708,610 1,111,489,817 Add: Sales during the period 161,489,471 Trustee remuneration 2,313 2,365 11,656,456 - 11,656,456 Sindh Sales Tax 10.1 324 - Units issued under Cumulative Investment 2,637 2,365 NATIONAL INVESTMENT (UNIT) TRUST NATIONAL Plan (CIP) INVESTMENT during the period (UNIT) TRUST - - - 59,304,106 The Sindh Provincial Government has levied Sindh Sales Tax at the rate of 14% on the remuneration of the Trustee through Sindh 10.1 Conversion of bearer units into Sales Tax on Services Act, 2011, effective from 1 July 2015. NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL NOTESregistered TO AND units FORMING PART OF THE CONDENSED12,250 INTERIM(12,250) FINANCIAL - - 1,099,449,913 23,696,360 1,123,146,273 1,279,262,838 INFORMATION11 ACCRUED EXPENSES (UNAUDITED) AND OTHER LIABILITIES INFORMATION (UNAUDITED) Less: Repurchases during the period (109,985,969) - (109,985,969) (167,773,021) FOR THEProvision SIX for AND Workers' THREE Welfare MONTHSFund PERIOD ENDED DECEMBER 31,11.1 2015 507,371 507,371 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 Federal Excise Duty 11.2 238,417 184,860 Total units in issue at end of the period 989,463,944 23,696,360 1,013,160,304 1,111,489,817 Excess dividend received 18,678 18,678 Distribution not claimed by unit holders 4,921 4,548 10 PAYABLEBrokerage TOpayable THE againstCENTRAL purchase DEPOSITORY of shares 31 December 1,707 30 June 2,050 15 ALLOCATION OF EXPENSES RELATED TO REGISTRAR SERVICES, ACCOUNTING OPERATION AND Auditors'COMPANY remuneration OF PAKISTAN payable LIMITED - TRUSTEE 2015 515 2015 630 VALUATION SERVICES Zakat Unaudited 9,596 Audited 35,895 Securities and Exchange Commission of Pakistan through its SRO 1160(I)/2015 dated November 25, 2015 has revised the Non- Capital gain tax (Rupees 1,230 in '000) 1,759 Withholding tax 78 336,347 Banking Finance Companies and Notified Entities Regulations, 2008. In the revised regulations a new clause 60(s) has been TrusteePrinting remunerationcharges 2,3132,657 2,3651,157 introduced allowing the management company to charge "fees and expenses related to registrar services, accounting, operation SindhPayable Sales to National Tax Clearing Company of Pakistan Limited 10.1 324 26 - 26 and valuation services related to CIS maximum up to 0.1% of average annual net assets of the Scheme or actual whichever is Payable against bonus shares 20,171 2,637 20,171 2,365 less" from the mutual funds managed by it. Payable against rating fee 232 - The expenses represents the allocation of expenses relating to registrar services, accounting, operations and valuation services at 10.1 TheOthersSindh Provincial Government has levied Sindh Sales Tax at the rate of 14% on the remuneration of the 242Trustee through Sindh 170 Sales Tax on Services Act, 2011, effective from 1 July 2015. 805,841 1,113,662 0.1% of average net annual assets of the Fund with effect from 15 December 2015. 16 FINANCIAL CHARGES 1111.1 ACCRUEDThere has been EXPENSESno change ANDin OTHERthe status LIABILITIESof litigation relating to Workers’ Welfare Fund as reported in annual financial statements of the Fund for the year ended 30 June 2015. Provision for Workers' Welfare Fund 11.1 507,371 507,371 During the period short term loan financing amounting to Rs. 2.8 billion was obtained from various commercial banks under mark- up arrangement ranging from 2 weeks KIBOR plus 0.20% per annum to 1 month KIBOR plus 0.25% per annum.These loans were FederalHowever, Exciseafter theDutyexclusion of the Mutual Funds from federal statute on Workers Welfare11.2Fund, from 238,4171 July 2015, the Fund 184,860has fully repaid during the period. However, the facility can be availed till 30 June 2016. discontinuedExcess dividendmaking receivedthe provision in this regard. Had the provision not been maintained, the Net Assets Value 18,678(NAV) per unit 18,678of the DistributionFund as at 31not December claimed by 2015 unit wouldholders have been higher by Rs. 0.5008 per unit (30 June 2015: Rs. 0.4565 per 4,921 unit). 4,548 Brokerage payable against purchase of shares 1,707 2,050 17 TAXATION Auditors'As per the remunerationrequirement payableof Finance Act, 2013, Federal Excise Duty (FED) at the rate of 16% on the 515remuneration of 630the 11.2 The Fund's income is exempt from Income Tax as per clause (99) of part I of the Second Schedule to the Income Tax Ordinance, ZakatManagement Company has been applied effective 13 June 2013. The Management Company is of 9,596the view that since 35,895the 2001 subject to the condition that not less than 90% of the accounting income for the year as reduced by capital gains whether Capitalremuneration gain taxis already subject to provincial sales tax, further levy of FED may result in double taxation, which 1,230does not appear 1,759to realised or unrealised is distributed amongst the unit holders. Provided that for the purpose of determining distribution of at least Withholdingbe the spirit taxof the law. In 2014, the Honourable High Court of Sindh in a Constitutional petition relating to levy 78 of FED on 336,347Mutual 90% of accounting income, the income distributed through bonus shares, units or certificates as the case may be, shall not be PrintingFunds has chargesgranted a stay order for the recovery of FED. As a matter of abundant caution, without prejudice 2,657 to the above, 1,157the taken into account. Furthermore, as per regulation 63 of the Non-Banking Finance Companies and Notified Entities Regulations, ManagementPayable to NationalCompany Clearinghas madeCompanya provision of Pakistanwith Limitedeffect from 13 June 2013, aggregating to Rs. 255.744 million 26 out of which 26Rs. 2008, the Fund is required to distribute 90% of the net accounting income other than capital gains / loss to the unit holders. The Payable17.327 million againsthave bonusbeen sharespaid to the Management Company. Had the provision not been made, the Net 20,171Assets Value (NAV) 20,171per Fund has not recorded any tax liability in respect of income relating to the current period as the Management Company intends to Payableunit of the against fund as rating at 31 fee December 2015 would have been higher by Rs. 0.2524 per unit (30 June 2015: Rs. 2320.1819 per unit). - Others 242 170 distribute in cash at least 90 percent of the Fund's accounting income for the year ending 30 June 2016 as reduced by capital 805,841 1,113,662 gains (whether realised or unrealized) to its unit holders in the form of cash. 12 DIVIDEND PAYABLE AND UNCLAIMED DISTRIBUTION 11.1 There has been no change in the status of litigation relating to Workers’ Welfare Fund as reported in annual financial statements of 18 EARNINGS PER UNIT - BASIC AND DILUTED As at each accounting date, the amount of cash required to effect distribution of profits amongst holders of registered and bearer the Fund for the year ended 30 June 2015. Six months period ended Three months period ended units, is transferred to a special account titled distribution account. The aggregate balance in such accounts for the years 1997-98 2015 2014 2015 2014 and earlier in case of distribution to registered unit holders and 1999-2000 and earlier in case of distribution to bearer unit holders However, after the exclusion of the Mutual Funds from federal statute on Workers Welfare Fund, from 1 July 2015, the Fund has ------(Unaudited) ------exceeds the liability for unclaimed distribution by approximately Rs. 31.469 million . This amount represents payments of dividend discontinued making the provision in this regard. Had the provision not been maintained, the Net Assets Value (NAV) per unit of the ------(Rupees in '000) ------out of accounts other than the relevant distribution account. Fund as at 31 December 2015 would have been higher by Rs. 0.5008 per unit (30 June 2015: Rs. 0.4565 per unit). Net income for the period 4,515,240 4,102,823 1,790,924 1,986,572 13 CONTINGENCIES AND COMMITMENTS 11.2 As per the requirement of Finance Act, 2013, Federal Excise Duty (FED) at the rate of 16% on the remuneration of the Management Company has been applied effective 13 June 2013. The Management Company is of the view that since the ------(Number of units in '000) ------There were no contingencies and commitments as at 31 December 2015. remuneration is already subject to provincial sales tax, further levy of FED may result in double taxation, which does not appear to be the spirit of the law. In 2014, the Honourable High Court of Sindh in a Constitutional petition relating to levy of FED on Mutual Units outstanding as at period end 1,013,160 1,100,434 1,013,160 1,100,434 14 NUMBER OF UNITS IN ISSUE 31 December 2015 30 June 2015 Funds has granted a stay order for the recovery of FED. As a matter of abundant caution, without prejudice to the above, the Unaudited Audited Management Company has made a provision with effect from 13 June 2013, aggregating to Rs. 255.744 million out of which Rs. ------(Rupees per unit) ------Registered Bearer Total Total 17.327 million have been paid to the Management Company. Had the provision not been made, the Net Assets Value (NAV) per ------(Number of units) ------unit of the fund as at 31 December 2015 would have been higher by Rs. 0.2524 per unit (30 June 2015: Rs. 0.1819 per unit). Earnings per unit 4.46 3.73 1.77 1.81 Total outstanding at beginning of the period 1,087,781,207 23,708,610 1,111,489,817 1,058,469,261 Earnings per unit (EPU) has been deternmined using units outstanding as at period end as in the opinion of the management, Add: Sales during the period 11,656,456 - 11,656,456 161,489,471 determination of cumulative weighted average number of outstanding units as at period end is not practicable.

Units issued under Cumulative Investment 19 TRANSACTIONS AND BALANCES WITH CONNECTED PERSONS Plan (CIP) during the period - - - 59,304,106 19.1 Connected persons include National Investment Trust Limited being the Management Company, Central Depository Company of Conversion of bearer units into Pakistan Limited being the Trustee, other collective investment schemes managed by the Management Company, any person or registered units 12,250 (12,250) - - company beneficially owning directly or indirectly ten percent or more of the capital of the Management Company or the net assets 1,099,449,913 23,696,360 1,123,146,273 1,279,262,838 of the Fund and directors and officers of the Management Company and unit holders holding 10 percent or more units of the Fund.

Less: Repurchases during the period (109,985,969) - (109,985,969) (167,773,021) 19.2 The transactions with connected persons are in the normal course of business, at contracted terms determined in accordance with the market rates. Total units in issue at end of the period 989,463,944 23,696,360 1,013,160,304 1,111,489,817 19.3 Remuneration to the Management Company is determined in accordance with the provisions of the NBFC Regulations and the Trust Deed respectively. 15 ALLOCATION OF EXPENSES RELATED TO REGISTRAR SERVICES, ACCOUNTING OPERATION AND VALUATION SERVICES 19.4 Remuneration payable to the Trustee is determined in accordance with the provisions of the Trust Deed. Securities and Exchange Commission of Pakistan through its SRO 1160(I)/2015 dated November 25, 2015 has revised the Non- Details of the transactions with connected persons are as follows: Banking Finance Companies and Notified Entities Regulations, 2008. In the revised regulations a new clause 60(s) has been 19.5 introduced allowing the management company to charge "fees and expenses related to registrar services, accounting, operation Six months period ended Three months period ended and valuation services related to CIS maximum up to 0.1% of average annual net assets of the Scheme or actual whichever is 2015 2014 2015 2014 less" from the mutual funds managed by it. ------(Unaudited) ------The expenses represents the allocation of expenses relating to registrar services, accounting, operations and valuation services at Transactions during the period ------(Rupees in '000) ------0.1% of average net annual assets of the Fund with effect from 15 December 2015. National Investment Trust Limited - Management Company 16 FINANCIAL CHARGES Issue of Nil units (2014: 5,309,094) - 300,000 - - Issue of Nil units under CIP (2014: 7,544,134) - 425,640 - - During the period short term loan financing amounting to Rs. 2.8 billion was obtained from various commercial banks under mark- Redemption of 8,613,729 units (2014: 20,938,088 units) 1,250,000 100,000 up arrangement ranging from 2 weeks KIBOR plus 0.20% per annum to 1 month KIBOR plus 0.25% per annum.These loans were 550,000 425,000 Remuneration of the Management Company 334,055 176,843 fully repaid during the period. However, the facility can be availed till 30 June 2016. 334,729 162,457 Sindh Sales Tax on management remuneration 54,360 58,126 26,391 30,772 Sales load on issue of units 3,309 39,934 - 16,052 17 TAXATION Allocation of expenses related to registrar services, 5,513 - 5,513 - accounting, operation and valuation services The Fund's income is exempt from Income Tax as per clause (99) of part I of the Second Schedule to the Income Tax Ordinance, 2001 subject to the condition that not less than 90% of the accounting income for the year as reduced by capital gains whether realised or unrealised is distributed amongst the unit holders. Provided that for the purpose of determining distribution of at least Central Depository Company of Pakistan Limited - Trustee 90% of accounting income, the income distributed through bonus shares, units or certificates as the case may be, shall not be Remuneration of the Trustee 14,003 13,992 6,901 7,192 taken into account. Furthermore, as per regulation 63 of the Non-Banking Finance Companies and Notified Entities Regulations, Sindh Sales Tax on Central Depository Company 1,960 - 966 - 2008, the Fund is required to distribute 90% of the net accounting income other than capital gains / loss to the unit holders. The of Pakistan-Trustee Fund has not recorded any tax liability in respect of income relating to the current period as the Management Company intends to Custodian charges of Central Depository Company of distribute in cash at least 90 percent of the Fund's accounting income for the year ending 30 June 2016 as reduced by capital Pakistan Limited 379 192 133 105 gains Directors and key management personnel Redemption of 156,604 units (2014: Nil) 9,523 - 9,523 - Issue of Nil units under CIP (2014: 8,840 units) - 499 - -

National Investment Trust Limited Pension Fund Redemption of Nil units (2014: 707,576) - 44,261 - 20,000 Issue of Nil units under CIP (2014: 184,278) - 10,397 - - 18 EARNINGS PER UNIT - BASIC AND DILUTED Six months period ended Three months period ended 2015 2014 2015 2014 ------(Unaudited) ------(Rupees in '000) ------

Net income for the period 4,515,240 4,102,823 1,790,924 1,986,572

------(Number of units in '000) ------31 December 30 June 2015 2015 Units outstanding as at period end 1,100,434 1,100,434 1,013,160 1,013,160 Unaudited Audited (Rupees in '000) ------(Rupees per unit) ------Amounts outstanding as at period / year end

Earnings per unit 4.46 3.73 1.77 1.81 National Investment Trust Limited - Management Company 104,521,380 units held (30 June 2015: 113,135,109) 6,609,932 7,212,363 Earnings per unit (EPU) has been deternmined using units outstanding as at period end as in the opinion of the management, Management remuneration payable 107,928 58,920 determination of cumulative weighted average number of outstanding units as at period end is not practicable. Sindh Sales Tax payable 17,530 10,253 Preliminary charges and handling fee payable 3,871 561 19 TRANSACTIONS AND BALANCES WITH CONNECTED PERSONS Allocation of expenses related to registrar services, accounting, operation and valuation services 5,513 - 19.1 Connected persons include National Investment Trust Limited being the Management Company, Central Depository Company of Pakistan Limited being the Trustee, other collective investment schemes managed by the Management Company, any person or Central Depository Company of Pakistan Limited-Trustee NATIONALcompany beneficiallyINVESTMENTowning directly (UNIT)or indirectly TRUSTten percent or more of the capital of the Management Company or the net assets NATIONALRemuneration INVESTMENT payable (UNIT) TRUST 2,313 2,365 NOTESof the TO Fund AND and directors FORMING and officers PART of the Management OF THE Company CONDENSED and unit holders INTERIM holding 10 percent FINANCIAL or more units of the Fund. NOTESSindh TO Sales AND Tax payable FORMING PART OF THE CONDENSED INTERIM FINANCIAL 324 - 19.2 The transactions with connected persons are in the normal course of business, at contracted terms determined in accordance with National Investment Trust Limited Pension Fund INFORMATIONthe market rates. (UNAUDITED) INFORMATION2,149,003 units held (UNAUDITED) (30 June 2015: 2,149,003 units) 135,903 136,999 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 FOR THE SIX AND THREE MONTHS PERIOD ENDED DECEMBER 31, 2015 19.3 Remuneration to the Management Company is determined in accordance with the provisions of the NBFC Regulations and the Directors and key management personnel Trust Deed respectively. 341,475 units held (30 June 2015: 498,079) 21,595 31,753

19.4 Remuneration payable to the Trustee is determined in accordance with the provisions of the Trust Deed. 20 FAIR VALUE OF FINANCIAL INSTRUMENTS

19.5 Details of the transactions with connected persons are as follows: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Six months period ended Three months period ended 2015 2014 2015 2014 Underlying the definition of fair value is the presumption that the Fund is a going concern without any intention or requirement to ------(Unaudited) ------curtail materially the scale of its operations or to undertake a transaction on adverse terms. Transactions during the period ------(Rupees in '000) ------The fair value of financial assets and liabilities traded in active markets i.e. listed equity shares are based on the quoted market National Investment Trust Limited - prices at the close of trading on the period end date. The quoted market prices used for financial assets held by the Fund is current Management Company bid price. Issue of Nil units (2014: 5,309,094) - 300,000 - - Issue of Nil units under CIP (2014: 7,544,134) - 425,640 - - A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an Redemption of 8,613,729 units (2014: 20,938,088 units) 550,000 1,250,000 425,000 100,000 exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly Remuneration of the Management Company 334,729 334,055 162,457 176,843 occurring market transactions on an arm’s length basis. Sindh Sales Tax on management remuneration 54,360 58,126 26,391 30,772 Sales load on issue of units 3,309 39,934 - 16,052 IFRS 13, 'Fair Value Measurement' requires the Fund to classify fair value measurements using a fair value hierarchy that reflects Allocation of expenses related to registrar services, 5,513 - 5,513 - the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: accounting, operation and valuation services - Quoted prices (unadjusted) in active markets for identical assets or Liabilities (level 1). Central Depository Company of Pakistan Limited - Trustee - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as Remuneration of the Trustee 14,003 13,992 6,901 7,192 prices) or indirectly (that is, derived from prices) (level 2). Sindh Sales Tax on Central Depository Company 1,960 - 966 - of Pakistan-Trustee - Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3). Custodian charges of Central Depository Company of Pakistan Limited 379 192 133 105 The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. Directors and key management personnel Redemption of 156,604 units (2014: Nil) 9,523 - 9,523 - 31 December 2015 Issue of Nil units under CIP (2014: 8,840 units) - 499 - - Unaudited Carrying amount Fair value fair value National Investment Trust Limited Pension Fund Other Available - through Loans and financial Total Level 1 Level 2 Level 3 Total Redemption of Nil units (2014: 707,576) - 44,261 - 20,000 for - sale profit or receivables liabilities Issue of Nil units under CIP (2014: 184,278) - 10,397 - - loss ------(Rupees in '000) ------On-balance sheet financial instruments 31 December 30 June Financial assets measured at fair value 2015 2015 Investments - Shares / units of mutual funds 12,193,612 2,763,380 - - 14,956,992 64,530,750 - - 64,530,750 Unaudited Audited 12,193,612 2,763,380 - - 14,956,992 64,530,750 - - 64,530,750 (Rupees in '000) Financial assets not measured at fair value 20.1 Amounts outstanding as at period / year end Bank balances - - 926,512 - 926,512 - - - - Receivable against sale of investments - - 16,707 - 16,707 - - - - National Investment Trust Limited - Management Company Dividend and other receivables - - 141,786 - 141,786 - - - - 104,521,380 units held (30 June 2015: 113,135,109) 6,609,932 7,212,363 Security deposits - - 2,600 - 2,600 - - - - Management remuneration payable 107,928 58,920 - - 1,087,605 - 1,087,605 - - - - Sindh Sales Tax payable 17,530 10,253 Financial liabilities not measured at fair value 20.1 Preliminary charges and handling fee payable 3,871 561 Payable to National Investment Trust Limited - Allocation of expenses related to registrar services, Management Company - - - 135,995 135,995 accounting, operation and valuation services 5,513 - Payable to Central Depository Company of Pakistan - - - - Limited - Trustee - - - 2,637 2,637 Central Depository Company of Pakistan Limited-Trustee Payable against redemption of units - - - 17,937 17,937 - - - - Payable against purchase of investments - - Remuneration payable 2,313 2,365 Accrued expenses and other liabilities - - - 287,566 287,566 - - - - Sindh Sales Tax payable 324 - Dividend payable and unclaimed distribution - - - 547,989 547,989 ------992,124 992,124 - - - - National Investment Trust Limited Pension Fund 2,149,003 units held (30 June 2015: 2,149,003 units) 135,903 136,999 30 June 2015 Audited Carrying amount Fair Value Directors and key management personnel fair value Other 341,475 units held (30 June 2015: 498,079) 21,595 31,753 Available-for- Loans and through financial Total Level 1 Level 2 Level 3 Total sale receivables profit or loss liabilities 20 FAIR VALUE OF FINANCIAL INSTRUMENTS ------(Rupees in '000) ------Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market On-balance sheet financial instruments Financial assets measured at fair value participants at the measurement date. Investments - Shares / units of mutual funds 13,438,786 1,936,058 - - 15,374,844 70,699,317 - - 70,699,317 13,438,786 1,936,058 - - 15,374,844 70,699,317 - - 70,699,317 Underlying the definition of fair value is the presumption that the Fund is a going concern without any intention or requirement to curtail materially the scale of its operations or to undertake a transaction on adverse terms. Financial assets not measured at fair value Bank balances - - 4,272,389 - 4,272,389 - - - - The fair value of financial assets and liabilities traded in active markets i.e. listed equity shares are based on the quoted market Receivable against sale of investments - - 15,457 - 15,457 - - - - Dividend and other receivables - - 71,752 - 71,752 - - - - prices at the close of trading on the period end date. The quoted market prices used for financial assets held by the Fund is current Security deposits - - 2,600 - 2,600 - - - - bid price. - - 4,362,198 - 4,362,198 - - - -

A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an Financial liabilities not measured at fair value exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly Payable to National Investment Trust Limited - occurring market transactions on an arm’s length basis. Management Company - - - 69,734 69,734 - - - - Payable to Central Depository Company of Pakistan Limited - Trustee - - - 2,365 2,365 - - - - IFRS 13, 'Fair Value Measurement' requires the Fund to classify fair value measurements using a fair value hierarchy that reflects Payable against redemption of units - - - 15,281 15,281 - - - - the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels: Payable against purchase of investments - - - 39,413 39,413 Accrued expenses and other liabilities - - - 232,290 232,290 - - - - - Quoted prices (unadjusted) in active markets for identical assets or Liabilities (level 1). Dividend payable and unclaimed distribution - - - 2,903,455 2,903,455 ------3,262,538 3,262,538 - - - - - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2). 20.1 The Fund has not disclosed the fair values for these financial assets and financial liabilities, as these are either short term in nature or reprice periodically. Therefore, their carrying amounts are reasonable approximation of fair value. - Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3). 21 DATE OF AUTHORISATION FOR ISSUE

This condensed interim financial information was authorised for issue on 29th February 2016 by the Board of Directors of the Management Company. The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy.

31 December 2015 Unaudited Carrying amount Fair value fair value Other Available - through Loans and financial Total Level 1 Level 2 Level 3 Total for - sale profit or receivables liabilities loss ------(Rupees in '000) ------On-balance sheet financial instruments Financial assets measured at fair value Investments - Shares / units of mutual funds 12,193,612 2,763,380 - - 14,956,992 64,530,750 - - 64,530,750 12,193,612 2,763,380 - - 14,956,992 64,530,750 - - 64,530,750

Financial assets not measured at fair value 20.1 Bank balances - - 926,512 - 926,512 - - - - Receivable against sale of investments - - 16,707 - 16,707 - - - - Dividend and other receivables - - 141,786 - 141,786 - - - - Security deposits - - 2,600 - 2,600 ------1,087,605 - 1,087,605 - - - -

NATIONALFinancial liabilities INVESTMENT not measured at fair value (UNIT)20.1 TRUST Payable to National Investment Trust Limited - Management Company - - - 135,995 135,995 NOTESPayable TO to Central AND Depository FORMING Company of Pakistan PART OF THE CONDENSED INTERIM FINANCIAL - - - - Limited - Trustee - - - 2,637 2,637 INFORMATIONPayable against redemption (UNAUDITED) of units - - - 17,937 17,937 - - - - Payable against purchase of investments - - FOR THEAccrued SIXexpenses AND and other THREE liabilities MONTHS PERIOD - ENDED - DECEMBER - 287,566 287,56631, 2015 - - - - Dividend payable and unclaimed distribution - - - 547,989 547,989 ------992,124 992,124 - - - -

30 June 2015 Audited Carrying amount Fair Value

fair value Other Available-for- Loans and through financial Total Level 1 Level 2 Level 3 Total sale receivables profit or loss liabilities

------(Rupees in '000) ------On-balance sheet financial instruments Financial assets measured at fair value Investments - Shares / units of mutual funds 13,438,786 1,936,058 - - 15,374,844 70,699,317 - - 70,699,317 13,438,786 1,936,058 - - 15,374,844 70,699,317 - - 70,699,317

Financial assets not measured at fair value Bank balances - - 4,272,389 - 4,272,389 - - - - Receivable against sale of investments - - 15,457 - 15,457 - - - - Dividend and other receivables - - 71,752 - 71,752 - - - - Security deposits - - 2,600 - 2,600 ------4,362,198 - 4,362,198 - - - -

Financial liabilities not measured at fair value Payable to National Investment Trust Limited - Management Company - - - 69,734 69,734 - - - - Payable to Central Depository Company of Pakistan Limited - Trustee - - - 2,365 2,365 - - - - Payable against redemption of units - - - 15,281 15,281 - - - - Payable against purchase of investments - - - 39,413 39,413 Accrued expenses and other liabilities - - - 232,290 232,290 - - - - Dividend payable and unclaimed distribution - - - 2,903,455 2,903,455 ------3,262,538 3,262,538 - - - -

20.1 The Fund has not disclosed the fair values for these financial assets and financial liabilities, as these are either short term in nature or reprice periodically. Therefore, their carrying amounts are reasonable approximation of fair value.

21 DATE OF AUTHORISATION FOR ISSUE

This condensed interim financial information was authorised for issue on 29th February 2016 by the Board of Directors of the Management Company.

For National Investment Trust Limited (Management Company)

Sd/- Sd/- Sd/- Managing Director Director Director