الفوركس التداول في الأردية تلو شهيد - ميمون الطبي بين المعاهد

العثور على أفضل وسطاء الفوركس المزيد من الناس كل يوم يجدون أنفسهم مهتمين جدا بالتورط مع سوق العملات الأجنبية، الفوركس. هناك الكثير من الفرص للشخص العادي لجعل الكثير من المال. ولكن معظم الناس ليس لديهم المعرفة والخبرة، أو التفاني لتحقيق هذا الربح من تلقاء نفسها. هناك العشرات من السماسرة التي تعمل خصيصا مع متوسط ​​تاجر جو. كما الفائدة في. اقرأ المزيد نصائح فوركس، أنظمة تداول الفوركس الآلي في اليوم 8217s راحة العالم في كثير من الأحيان الثمينة للغاية في جميع جوانب الحياة. الجميع يريد أسرع الكمبيوتر، والهاتف الخليوي الأكثر ملاءمة للمستخدم، ومساحة العمل الأكثر ملاءمة. التجار في سوق الفوركس لا يختلفون أنهم يستحقون الراحة بشكل كبير بسبب حجم التداول الذي يقومون به عادة. قبل أن يسمع أي شخص من أي وقت مضى عن دفع راتب، يمكن للمرء ببساطة المقايضة ل. اقرأ المزيد نصائح الفوركس، طرق النار بالتأكيد لانقاص المال من المرجح أن كنت قد قضيت الكثير من وقتك تثقيف نفسك على كيفية عمل سوق الفوركس. على الأقل نحن نأمل ذلك. ربما كنت قد فتحت حساب ممارسة الفوركس، وقدم عدد قليل من الصفقات. الآن تعلمون، هناك صفقات الفوز وهناك صفقات خاسرة. ومع ذلك، كنت قد قررت أن الوقت قد حان لتداول الفوركس الحقيقي. بغض النظر عن السوق المالية التي تداولتها في الماضي. اقرأ المزيد الفوركس بيبس، وقياس الأرباح والخسائر العصا في الفوركس سوق الفوركس أو الصرف الأجنبي هي واحدة من أهم الأسواق المالية في العالم مع حجم التداول اليومي تتجاوز أكثر من 3 تريليون دولار أمريكي كل يوم. السوق فريدة من نوعها في أنه مفتوح 24 ساعة في اليوم، 6 أيام في الأسبوع. إذا كنت تاجر الفوركس، يمكنك العمل تقريبا في أي وقت من أزواج العملات التجارية ليلا أو نهارا في جميع أنحاء العالم. أساسا الفوركس يعرض التداول. اقرأ المزيد فوركس براكتيس الحسابات للتجار الجدد إذا كنت جديدا على تداول الفوركس وكان الجميع في مرحلة ما، فمن المحتمل أن تقترب التجارة الأولى مع قدر من الخوف والخوف. وهذا أمر متوقع، وكل من يتاجر في الأسواق المالية يختبر نفس المشاعر. ولعل أفضل طريقة لكسب الخبرة والتداول حاليا هو فتح حساب الممارسة، أو كما هو معروف بعض حساب تجريبي. تقريبا جميع وسطاء الفوركس. اقرأ المزيد تحديد نمط تداول الفوركس إذا كنت تتداول بنشاط في سوق الفوركس، أو في أي سوق لهذه المسألة، فمن المحتمل أن تكون غمرت مع عروض لأفضل منصة التداول التالية، استراتيجية التداول، وأفضل برنامج تداول العملات الأجنبية التي وقد وضعت من أي وقت مضى. في حين أن هذه العروض قد تكون أو لا تكون مشروعة نصائح الفوركس، فإنها لا عامل في واحدة من أهم المكونات في تداول الفوركس. هذا المكون. اقرأ المزيد نصائح الفوركس، التحضير للتجارة إذا كنت قد قضيت أي وقت في جميع التداول في مختلف البورصات، إما من خلال وسيط أو كفرد كنت قد تعرضت لا شك في الفرص في تداول العملات عن طريق الفوركس. وكان الفوركس حول لفترة أطول من معظم الناس يدركون، ولكن التقدم التكنولوجي في التجارة الإلكترونية جعل الفوركس متاحة بسهولة للتجار الأفراد. وقد سمع معظم الناس من الضمانات يمكن وضعها في مكان لمنع هذا من الحدوث، وتسمى هذه 8220stop أوامر الخسارة 8221. ستعني أوامر وقف الخسارة أن حسابك يغلق الصفقة تلقائيا عندما تتراجع العملة التي تتداول فيها إلى مستوى معين معين. هذه أوامر وقف الخسارة يمكن أن تحد من الخسائر، في حين يسمح للتداول مربحة واحدة من المشاكل التي غالبا ما يتجاهل من قبل التجار العملة الأجنبية هو وسيط، على رؤية انخفاض العملة قد تتدخل ومواجهة الصفقة الخاصة بك. ويرون أن حساب هامش الودائع الخاص بك ينخفض ​​بسبب التحول في العملة، وقد يغلقونه. إذا كنت ركوب الانكماش، ونتوقع أن الاتجاه إلى تغيير وسيط الخاص بك يغلق موقفكم سوف تفقد الأموال الخاصة بك الودائع. من أجل الاستمرار في ركوب هذا الانكماش حتى التحول إلى الاتجاه الصعودي يحدث سوف تكون هناك حاجة لجعل وديعة إضافية في حساب الهامش الخاص بك. وكما قلنا سابقا، هناك مخاطر كبيرة ومكافآت كبيرة في تداول الفوركس عبر الإنترنت. فالناس المحترفين يرون فائدة في التجارة ويغادرون المهن التقليدية ليصبحوا تجار. ويجب أن يفهموا أن من الضروري معرفة ما يقومون به من أجل ضمان النجاح. أوامر وقف الخسارة ليست الطريقة الوحيدة لحماية الاستثمار الخاص في هذا السوق. المعرفة أمر حيوي من المهم معرفة كيفية قراءة اتجاهات السوق وخصائصه، وفهم كيفية تحقيق الأرباح والخسائر. هو الأكثر طيارة والدكتايل من جميع المعادن غرام واحد يمكن ضربها في ورقة من 1 متر مربع، أو أوقية في 300 قدم مربع. أوراق الذهب يمكن ضربها رقيقة بما فيه الكفاية لتصبح شفافة. يظهر الضوء المرسل باللون األزرق األخضر، ألن الذهب يعكس بقوة األصفر واألحمر. 2 تعكس هذه األوراق شبه الشفافة بقوة الضوء األشعة تحت الحمراء، مما يجعلها مفيدة كدروع تحت الحمراء) الحرارة المشعة (في واقيات الدعاوى المقاومة للحرارة، ل سباسويتسويتس. في حين أن معظم المعادن النقية الأخرى هي رمادي أو أبيض فضي، والذهب الأصفر نظرا لنعومة من الذهب الخالص (24K)، وعادة ما يتم خلطها مع المعادن الأساسية لاستخدامها في المجوهرات، وتغيير صلابته ليونة، نقطة انصهار واللون وغيرها من الخصائص . سبائك تحتوي على قيراط أقل، وعادة 22K، 18K، 14K أو 10K، تحتوي على نسب أعلى من النحاس، أو غيرها من المعادن الأساسية أو الفضة أو البلاديوم في سبيكة. النحاس هو المعدن الأكثر استخداما، مما يؤدي إلى اللون الأحمر. تم العثور على الذهب عيار 18 قيراط التي تحتوي على 25 النحاس في المجوهرات العتيقة والروسية ولها متميزة، وإن لم يكن المهيمن، الزهر النحاس، وخلق ارتفع الذهب. إن سبائك الذهب عيار 14 قيراط تتطابق تقريبا في اللون مع بعض سبائك البرونز، وكلاهما يمكن أن يستخدم لإنتاج الشرطة، فضلا عن غيرها من الشارات. الذهب الأزرق يمكن أن يتم عن طريق السبائك مع الحديد والذهب الأرجواني يمكن أن يتم عن طريق السبائك مع الألومنيوم، على الرغم من أن نادرا ما يتم إلا في المجوهرات المتخصصة. الذهب الأزرق هو أكثر هشاشة، وبالتالي أكثر صعوبة في العمل مع عند صنع المجوهرات. تظهر سبائك الذهب عيار 14 و 18 قيراط مع الفضة وحدها الأخضر والأصفر ويشار إلى الذهب الأخضر. يمكن تصنيع سبائك الذهب الأبيض مع البلاديوم أو النيكل. الأبيض 18 قيراط الذهب التي تحتوي على 17.3 النيكل، 5.5 الزنك و 2.2 النحاس فضي في المظهر. النيكل سامة، ومع ذلك، وإطلاقه من الذهب الأبيض النيكل يتم التحكم بها من قبل التشريعات في أوروبا. سبائك الذهب الأبيض البديلة متاحة على أساس البلاديوم والفضة وغيرها من المعادن البيضاء، 12 ولكن سبائك البلاديوم هي أغلى من تلك التي تستخدم النيكل. سبائك الذهب الأبيض عيار القيراط هي أكثر مقاومة للتآكل أكثر مما هي إما الفضة النقية أو الفضة الاسترليني. تستغل الحرفة اليابانية من موكوم-غين تناقضات الألوان بين سبائك الذهب الملونة مغلفة لإنتاج آثار الخشب الحبوب الزخرفية. أسعار السبائك بالروبية لكل 10 غرامات في 10 أغسطس 2018 كاراشي غولد تيزابي (24 قيراطا) روبية 32،764 سيلفر تيزابي روبية 480.00 مولتان غولد تيزابي (24 قيراط) رس 32،320 غولد تيزابي (22 قيراطا) روبية 29،550 سيلفر تيزابي رس 488.00 سيلفر ثوبي رس 486.00 قائمة الجائزة قائمة السندات الجائزة قائمة السندات هو شكل متاح بنك الادخار الوطني من pakistan. prize السندات هو إنفسمنت لطيفة جدا ومن خلال أن الناس جعل غنية وحلمه يأتي true. rize مبلغ السندات تبدأ 40000 ونهاية مبلغ نهاية هو 200 فقط. so الأغنياء شراء جائزة السندات والفقراء أيضا شراء الجائزة السندات. الجائزة السندات هو تغيير من أي بنك من باكستان وليس له رسوم الاستقطاع. الجائزة قائمة السندات المتاحة أيضا موقع الادخار الوطني. جائزة السندات هي فرصة ذهبية والحد الأدنى للاستثمار من خلال 160poor الناس جعل تصبح غنية. و 200 روبية، و 500 روبية، و 500 روبية، و 500 روبية، و 000 روبية، و 000 40 روبية. يتم إصدار هذه السندات في سلسلة. كل سلسلة تتكون من واحد أقل من 1،000،000 السندات. لا يتم دفع أي عائد ثابت ولكن يتم سحب الجائزة على أساس ربع سنوي. وتعقد السحب وفقا لطريقة السحب المشتركة وعدد الجوائز هي نفسها لكل سلسلة. وهذا يعني أنه إذا 50 سلسلة من Rs.200 الجائزة السندات هي في التداول. ثم على كل سحب لدينا 50 الفائزين بالجائزة الأولى و 150 الفائزين بالجائزة الثانية وهلم جرا. الجائزة برنامج بوند 8217s هو المصدر القانوني الوحيد للفقراء والطبقة الوسطى الناس الفرص الاستثمارية لتصبح غنية بين عشية وضحاها وجعل أحلامهم حقيقة سندات الجائزة تقدم خيارات الاستثمار وأنه من الأفضل بكثير ثم الاستثمار في الفوركس ولكن تم تجاهل هذا المخطط بفظاعة، في الآونة الأخيرة، والربح وشهادات الدخل العادي 8211 ريك، وشهادات حفظ بيبود 8211 ش. م.ب.، وحسابات التوفير 8211 سا وشهادات التوفير الخاصة 8211 تم زيادة سك بنسبة 8 إلى 50 نقطة أساس ولكن لم يتم منح نظام جائزة الجائزة النظر على الإطلاق. ومن المأساوي أن زيادة معدلات الربح على هذه الخطط المذكورة لن يقلل من عبء المستحقات من روبية. 150 مليار أو أكثر على حساب شهادات إنقاذ الدفاع التي تستحق في المستقبل القريب. الجائزة السندات 8217 مخطط هو المنقذ الوحيد في هذا الصدد، شريطة وأنها مثل حليب الأطفال. يتم تنفيذ الاقتراحات التالية على النحو الواجب. وفيما يلي بعض التفاصيل من الجوائز بالنسبة لك والجوائز الجديدة والمعدلة الجديدة على كل الجائزة السندات هي موضحة أدناه: لجمهورية صربسكا. 40،000 الجائزة الأولى روبية. 75،000،000 (جائزة واحدة) جائزة 2st. 25،000،000 (3 جوائز) الجائزة الثالثة. 500،000 (1696 جائزة) لجمهورية صربسكا. 15،000 الجائزة الأولى. 30،000،000 (جائزة واحدة) جائزة 2st. 10،000،000 (3 جوائز) الجائزة الثالثة. 185،000 (1696 جائزة) لجمهورية صربسكا. 7،500 الجائزة الأولى. 15،000،000 (جائزة واحدة) جائزة 2st. 5،000،000 (3 جوائز) الجائزة الثالثة. 93،000 (1696 جائزة) لجمهورية صربسكا. 1،500 الجائزة الأولى. 3،000،000 (1 جائزة) الجائزة 2st. 1،000،000 (3 جوائز) الجائزة الثالثة. 18،500 (1696 جائزة) لجمهورية صربسكا. 750 الجائزة الأولى روبية. 1،500،000 (جائزة واحدة) جائزة 2st. 500،000 (3 جوائز) الجائزة الثالثة. 9،300 (1696 جائزة) لجمهورية صربسكا. 200 الجائزة الأولى روبية. 750،000 (1 جائزة) 2st الجائزة رس. 250،000 (5 جوائز) الجائزة الثالثة. 1،250 (2394 جائزة بنك الدولة الباكستاني أعلن 120 مليار روبية للحظر التجاري الأسواق المالية في البلدان النامية مثل باكستان والهند ليست ناضجة كما هو الحال في البلدان الغربية المتقدمة. عملات البلدان بدلا من سمعة في الدول الغربية كسيولة، وبالتالي لا تعتبر جاذبة لأرباح سوق الفوركس، فعلى سبيل المثال، يشترك الدولار الأمريكي في ما يقرب من 80 من جميع معاملات الصرف الأجنبي التي تحدث في جميع أنحاء العالم كل يوم، بالإضافة إلى العلامة الألمانية، الجنيه الإسترليني والفرنك السويسري والين الياباني، في حجم كبير من المعاملات. وهناك سمة مشتركة في هذه العملات والاقتصادات التي تعود إلى وقت متطور ومستقر نسبيا. وفي البلدان النامية، قد تؤدي المشاكل الداخلية مثل التضخم وعدم الاستقرار السياسي وانخفاض الصادرات إلى خفض قيمة في عام 2008، انخفض احتياطي النقد الأجنبي في باكستان تأثيرا كبيرا على التبادل وقد تمت الموافقة على قيمة الروبية الباكستانية وطلب القرض من صندوق النقد الدولي. ارتفعت قيمة الروبية الباكستانية في عام 2009، ولكن ليس على المستويات السابقة. هذا النوع من الإقراض الدولي والاستثمار الأجنبي في المكسيك، مما يؤثر على عدد من المعاملات وهناك فرص للربح. وستكون هناك دائما تقلبات في أسعار الصرف، بأي عملة غير المعدل العام أو الاستهلاك. أحد الأسباب الرئيسية لانخفاض سيولة العملة هو أن البلاد يمكن أن تنتج المنتجات المطلوبة في بلدان أخرى، وخاصة تلك التي تنتج وتقدم منتجات لباكستان. الدولة في أي بلد، مثل تطوير باكستان. ويجب أن نتذكر دائما أن العمل الشاق لتحليل الاتجاهات وجمع المعلومات من المصادر هو مفتاح النجاح في أي استثمار أو تجارة. 1. مجموعة نيشات ميان محمد مانشا ياها هو قائد هذه السفينة الرائعة التي لديها حوالي 30 شركة على متنها. كما أن مانشا، التي تملك البنك التجاري الإسلامي، تقوم الآن بإنشاء مشروع كيس ورقي بقيمة مليار روبية (17 مترا). وهو واحد من أغنى الباكستانيين حولها. مجموعة نيشات كانت أغنى 15 أسرة في البلاد في عام 1970، و 6 في عام 1990، و رقم 1 في عام 1997. مانشا هو على متن ما يقرب من 50 شركة. تشينيوتي من قبل عشيرة، مانشا متزوجة من يوسف سيغولز ابنة. ويعتبر أنه قد قام باستثمارات في العديد من البورصات والعملات والمعدن داخل وخارج باكستان. وكان له نصيبه من الحظ في مناسبات عديدة في الحياة، وحصل مؤخرا على جائزة باكستان العليا المدنية من قبل الرئيس مشرف. كان يمكن أن يكون قد اشترى البنك المتحدة أيضا، ولكن بعد ذلك الذي لا يملك الخصوم. تتكون مجموعة نيشات من شركات المنسوجات والاسمنت والتأجير والتأمين والإدارة. إذا كان مانشا لعض من قبل تأميم بوتوس عام 1970، وأصدقائه يعتقدون أنه تم تعويضه من قبل برنامج نواك شريفس ديناليزاتيون إلى تأثير جيد جدا. لا يوجد توقف مانشا ولا يزال على هذه الخطوة 2. مجموعة جانغ تأسست هذه الإمبراطورية وسائل الإعلام الضخمة التي كتبها أواخر خليل خليل الرحمن قبل ستة عقود. واليوم، يدير مير شاكيل-أور-رحمن، ابن مير خليلز النابض بالحيوية، حوالي 10 صحف كبرى ومشروع جيو تف متعدد المليارات من الروبية، الذي لديه الكثير من المشاريع المتعلقة بالعقارات تحت حزامه أيضا. على الرغم من أنه يمكن أن يكون متواضعا جدا، ومن المعروف أن شاكيل اتخذت رؤساء وزراء البلاد وجها لوجه. وتحدث مع نواز شريف في عام 1999 عن تأثيره الذي لا مثيل له في جميع الأوساط المحلية والدولية التي تهم شاكيل هي واحدة من الباراسين وسائل الإعلام الأكثر شهرة في آسيا، التي كانت صحفها لتكون الحضانة تربية للصحفيين كبار البلاد. وهو يستثمر بشكل كبير في أعمال الأسهم بانتظام. شقيقه الأكبر مير جاويد الرحمن و ابنه العطاء مير إبراهيم أيضا مساعدته في مجال الأعمال التجارية. وكان هذا الرائع نفوذه في بعض الأحيان، وقد اختار عدد قليل من الحكومات لاتخاذ عدد قليل من موظفيه كوزراء. إن المجموعة، كما يتفق معظم السياسيين، كانت لها دور أساسي في إسقاط وبناء الحكومات في باكستان على مدى عقود الآن. ليمليت هو المنتج الذي يبيع ولكن لا أحب تذوق ثمار حديقة بلده. 3. مجموعة هاشو التي يقودها ساداردين هاسواني خمر، مجموعة هاشو هو أكثر شهرة لهيمنتها في صناعة الفنادق الباكستانية، على الرغم من أن الناس الذين يعرفون أكثر قليلا عن الهاشوين هم من قوتهم في مجال العقارات التجارية أيضا. ويشارك الهاشوانيون في تجارة الحبوب والصلب والقطن وحتى تأميم تصدير القطن في عام 1974، كان يطلق عليهم على نطاق واسع باسم ملوك القطن في باكستان. اليوم، وقد تفوقت هذه المجموعة في تصدير الأرز والقمح والقطن والشعير. وتمتلك وحدات النسيج، إلى جانب استثمار مليارات في المناجم والمعادن. الفنادق، التأمين، البطاريات، التبغ، العقارات السكنية، البناء، الهندسة وتكنولوجيا المعلومات. في عام 1984، هزواني هاشواني لاخانيز في محاولة لرئيس الوزراء التبغ ولكن تم القبض عليه جنبا إلى جنب مع شقيقه أكبر في عام 1986 بتهمة التهرب من الرسوم الجمركية على السجائر. ساداردودينز شقيق أكبر وأطفال شقيق آخر متأخر حسن علي هشواني معا إدارة حوالي 45 شركة. يدير أكبر مجموعة هاشواني الثانية. وهو واحد من أكثر المغامرات المعروفة في باكستان وهو المدعو العادي في الجيب الدبلوماسي. قائمة كبار الشخصيات المحلية والدولية المعروفة شخصيا إلى هاشواني لا تنتهي. 4. مجموعة الحزم تم زرع بذور هذه الإمبراطورية الضخمة من قبل سيد ماراتيب آل، مورد مشهور للجيش البريطاني والسكك الحديدية الهندية قبل التقسيم. أطلقت المجموعة مشروعا مشتركا مع ليفر بروثرز بعد عام 1947 مباشرة، ولكن الإنتاج الضخم لشركة التبغ الباكستانية في وقت لاحق ذكرت أن سيد ماراتيب جميع وأولاده تثبيت وحدة التعبئة والتغليف من قبل أسماء الحزم. وقد ظل اثنان من أبناء ماراتيب سيد سيد أمجد علي وسيد بابار علي وزيرين ماليين باكستانيين واثنين من أطفاله المعروفين - سيدة عبيدة حسين وسيد فخر الإمام - من نواب السياسيين الذين لا يحتاجون إلى الاعتراف. وكان الراحل سيد أمجد علي أول سفير باكستاني لدى الأمم المتحدة، في حين أن سيد بابار علي هو القوة الكامنة وراء إنشاء نظام لومز. وتمتلك المجموعة نستله باكستان أيضا التي يديرها سيد الياور علي. كما شغل سيد بابار علي منصب رئيس الشركة الوطنية للأسمدة خلال نظام بوتو أيضا، وكان رئيس هويست باكستان، ليفر براذرز و سيمن. كما حصلت المجموعة على عدد كبير من مصانع الكوكا كولا في باكستان. وتشمل العلامات التجارية الشهيرة نستله الحليب باك، شجرة، ميتشلز وأفلام تري حزمة. ولها حصص في قطاعات النسيج والألبان والزراعة والأرز أيضا. المجموعات إن المساهمات في قضية باكستان المستقلة لم يسبق لها مثيل. 5. بيت حبيب الأسطورة هو أن آلهة الثروة كانت في الحب مع الحبيب محنك أكثر من أي شخص آخر في باكستان. يعتقد معظم النقاد أن حبيبس تملك ما لا يقل عن 100 شركة في جميع أنحاء العالم، ولكن هذه المحتوى الضخمة تيكونس أبدا تفاخر قبالة، الأمر الذي جعل من الشاقة بالنسبة لمعظم للتنبؤ عن وضعهم المالي. تأسست هذه المجموعة الصناعية سيث حبيب ميثا، المولود في عام 1878 إلى إسماعيل علي - صاحب مصنع في بومباي. ويمكن قياس القوة المالية للحبيب من حقيقة أن محمد علي حبيب أعطى شيكا من 80 مليون روبية إلى قائد العزام في عام 1948 في الوقت الذي كانت الحكومة الباكستانية مفلس بسبب التأخير في نقل حصة باكستان من روبية. 750 مليون من قبل بنك الاحتياطي الهندي. كان لديهم مكاتب في أوروبا في عام 1912. ضموا بنك حبيب في عام 1941. وهم يمتلكون بنك حبيب أغ زيورخ، بنك الحبيب، سيارات إندوس تجميع سيارات كورولا والعديد من العشرات من الوحدات في قطاعات مثل الجوت، كيس الورق والمعادن، الصلب، البلاط، الاصطناعية السكر، الزجاج، البناء، الخرسانة، المركبات الزراعية، المصرفية، النفط، أجهزة الكمبيوتر، الموسيقى، ورقة، الحزم، التأجير وإدارة رأس المال. ويرأس حبيبس اليوم رفيق حبيب وراشد حبيب في مجموعتين مختلفتين. ما يجعلهم لاعبين مؤثرين للغاية في جميع الأوقات هو حقيقة أن لعشرات من كبار رجال الأعمال اليوم، وكان حبيب أسطورة مرة واحدة. سيغولس أصلا يرحل من جهلوم. وكان رائد سيغول سلالة في عام 1890 أمين سيغول الذي أنشأ متجر الأحذية التي تحولت في نهاية المطاف إلى كوهينور الأشغال المطاطية. ثم رأى مرات لهم مشرقة حرفيا مثل كوهينور حتى تقدمهم عن طريق التوطين التي فقدوا ثلثي ثرواتهم. حصلت سيغولس تريفوركاتد في عام 1976 و 15 أحفاد من أمين سيغولز جولة أبناء حصلت على حصة. وقد تم استخدام اسم سيغولس في هذا الجزء من العالم كمحاكات تصف الكم من الثروة. يوسف سيغول، جنبا إلى جنب مع إخوته سيد سيغول، بشير سيغول وغول سايغول ثم تغذية محصول ممتاز. في عام 1948، أنشأت سيغولز مطاحن النسيج كوهينور بتكلفة 8 ملايين روبية وهذه المجموعة يحدث ليكون أول من فتح لك مع بنك الدولة الباكستاني. وقد اشتروا البنك المتحد في عام 1959 ثم شهدوا خمس وحدات من وحداتهم. عاشوا في المملكة العربية السعودية خلال نظام بوتو. اليوم، أبناء عم طارق و نسيم يحتجزون حصن العائلة معا و قد ارتفع إلى مستويات غير مسبوقة في القدرات الفردية. كان ناب يطارد نسيم ولكن طارق قضى المزيد من الجير إما قبول أو رفض فتحات الثمينة في كل مكان. طارق هو واحد من أرقى الأعمال العقول حولها. 7. مجموعة نوا-وقت قد لا يكون نزاميس روكفيلرز أو الشيخ محمد، ولكن قوس أمناء إمبراطورية وسائل الإعلام مؤثرة للغاية. وبما أن وسائل الإعلام بدأت الآن تصنف على أنها أعمال خطيرة جدا، فإن نفوذ هذه المجموعات يرأس ماجد نظامي و ابن أخيه عارف نظامي في كل مجال تقريبا أو أن المجتمع الباكستاني معترف به على نطاق واسع. إن التأثير الذي تديره هذه المجموعة على السيناريو السياسي لباكستان منذ عام 1947 لم يسبق له مثيل أيضا. تدير المجموعة صحيفتين موقرين هما نوا-i-واكت (الأوردو) و ذي ناتيون (الإنجليزية). بالإضافة إلى نشر عدد آخر من الشهرات الأسبوعية والأسبوعية، فهي أيضا عملاء جادين لقناة وسائط إلكترونية. من بين سنجلا هيل، خرج شاب حميد نزامي (متأخرا) من ورقة كانت بحاجة ماسة إليها من قبل مسلمي الهند أثناء حركة باكستان. كان حميد زعيم طالب مشهور في شبه القارة التي اكتسبت القرب فقط مع كويد-عزام بسبب متميزه ونكران الذات لباكستان مستقلة. على الرغم من أن حميد توفي صغيرا جدا في عام 1962، أعطى ماجد نظامي إرثا غنيا لرعاية. وقد توفي أصغر نظامي، خليل، قبل بضع سنوات، وكان أيضا جزءا من هذه المجموعة اللامعة. من حميد نزاميس ثلاثة أبناء - شعيب وعارف وطاهر، إلا أن عارف اتبع خطى والده وهو رئيس الجلسة 0f جميع جريدة باكستان (أبنس). نيزاميس هي كيان يبلغ من العمر 60 عاما أيضا. 8. مجموعة سيف يملكها ويشغلها أبناء الشهير سيدة سيدة الشمال الغربي الشهير بيجوم كالسوم سيف الله. ابنها البكر جافيد سيف الله رؤساء إيبيس مجموعة أعمال قوية جدا. حصل جاويد على درجة الماجستير في إدارة الأعمال من جامعة بيتسبرغ في الولايات المتحدة الأمريكية في عام 1973، تليها خبرة متنوعة لأكثر من 30 عاما في مجال المنسوجات والاتصالات والإسمنت وتكنولوجيا المعلومات. وظل أيضا رئيسا لكل جمعية مطاحن المنسوجات الباكستانية (أبتما) لمدة عامين، و "المنتجات الحرجية غير الخشبية" لمدة سبع سنوات. كما كان عضوا في فرقة عمل تكنولوجيا المعلومات أمب المجلس الاستشاري للاتصالات السلكية واللاسلكية، وزارة العلوم والتكنولوجيا، عضو في فرقة العمل (التحرير أمبير الخصخصة من باكستان للاتصالات المحدودة)، وزارة العلوم أمب التكنولوجيا) جاويد سيف الله خان تبحث بعد الشركات المجموعة على مدى السنوات ال 20 الماضية. سيف الله في السلطة دائما، في شكل واحد أو آخر. ويواجه اخوان جافيدس انور سيف الله وخان (الوزير الفيدرالي السابق) وسيف سيف الله خان صانع الملك في مجال الاحزاب غير الخشبية الشمالية) وعثمان سيف الله (معالج أبتمامب آخر) علاقات عائلية وثيقة جدا مع الكثير من السياسيين الرئيسيين في البلاد، بشكل غير مباشر من خلال الزواج لأسر عدد قليل من كبار وجنود الجيش الشهير الذين حكموا باكستان. 9. مجموعة الهلال يعود تاريخ هذه المجموعة إلى عام 1910 عندما دخل شمس دين من شينيوت وأبناءه الأربعة أعمالهم مع مدبغة في أمريتسار. وقد خصصت هذه الأسرة 125 فدانا في فيصل أباد بدلا من ممتلكاتهم الفائضة في الهند. هؤلاء الأخوة محمد أنطيس، محمد بشير، فضل كريم ومحمد شافي، ثم تصدروا لتصبح أكبر مصدري المنسوجات في البلاد. وقد قاموا في البداية بتأسيس شركة محمد أمين محمد بشير المحدودة لتصدير القطن واستيراد مختلف المنتجات. وجود أكثر من اثنتي عشرة مخاوف في أضعاف، الهلال هو قوة مهيبة لحساب. هذه الإمبراطورية هي أفضل مثال على التماسك بين أبناء العمومة والأعمام وأبناء الأخت. وقد حظي الطائف سليم من هذه المجموعة بفترة رئاسة لجنة الخصخصة خلال نظام مشرف، لكنه لم يتهم بأية خدعة على الرغم من أنه كان قد عمل على فتحات ثمينة. وتمتلك المجموعة اليوم العديد من المنسوجات والصلب والسكر والمضاربة والغذاء والتأجير والتريكو والبرمجيات والطاقة والكيماويات والمصارف والوحدات الاستثمارية. وهي واحدة من أغنى الناس في البلاد على مدى السنوات ال 40 الماضية. وقد عاشت هذه العائلة تشينيوتي شيخ مع سمعة رائعة جدا، وتحمل رقما قياسيا ممتازا مع دائنيها في جميع أنحاء تاريخها BU. siness. الرجال الهلال تشغيل ليس لديهم لإجراء اتصالات، للحصول على امتياز يأتي لهم بشكل طبيعي. 10. مجموعة مونو تأسست أسرة مونو من قبل اثنين من الأشقاء-الغبار محمد ونذير حسين في عام 1905 في كلكتا. وكانت أول وحدة مملوكة من قبل مونوس أوليمبيا المطاط الأشغال. ثم رأى الوقت مونوس اقامة الصوتية 20 مصانع النسيج في الخلافة. الرئيس السابق شهزادا علم مونو هو الرجل وراء قوة هذه المجموعة، المعروفة أكثر لإنجازاتها في قطاع الغزل والنسيج. وكان مونوس رمزا للثروة خلال ال 65 عاما الماضية أو نحو ذلك. شهزاداس الإخوة. جهنجير وكايزر تساعده في مجال الأعمال التجارية، في حين سيلتينغ رئيس أبتما الوسطى وقار مونو أيضا ينحدر من هذه المجموعة الرائعة. وفي شرق باكستان، غادر مونوس أيضا بعض الوحدات ذات الصلة بالطاقة والأعلاف والمنسوجات والزراعة. وقد قام كبار السن منير مونو، بعد مغادرته باكستان الشرقية، بإقامة تلوح في فيصل أباد. شهزادا ألوم مونو، ربما الرجل الذي يرتدون ملابس جيدة في البلاد جنبا إلى جنب مع ساد-أود-دين هاشواني، ليس أجنبيا لأي حاكم. و مونوس هي شينيوتيس جدا. شزادا ألوم مونو، بعد بعض الفواصل، هو مرة أخرى نشطة في سياسة غرفة لاهور في حين جهنجير مونو هو انحياز مع وقار مونو في معركة الأنا معركة شرسة مع السادة طارق سيغول وميان مانشا. أنها نجمة في السياسة التجارية من وإلى، ولكن يبدو أن يكون طعم الثاني إي بطريقة أو بأخرى. ربما كان كافيا من تحية 11. مجموعة ديوان ديوان يوسف فاروقي. وكان معلم هذه المجموعة هو وزير السند للهيئات المحلية. الصناعات، العمل، النقل، المناجم أمب المعادن. عقد العديد من المحافظ من قبل رجل واحد يحمل شهادة وافرة على حقيقة أن ديوانس الحفاظ على الساق التمسك في السلطات أيضا. مجموعة ديوان مشتاق هي واحدة من أكبر التكتلات الصناعية الباكستانية في قطاعات مثل ألياف البوليستر الاكريليك والتصنيع والسيارات. وقد أدرجت ست من شركاتها في بورصة كراتشي للأوراق المالية وواحدة في بورصة لوكسمبورغ. ديوان فاروقي موتورز تجمع حوالي 10،000 سيارة سنويا بموجب اتفاقية ترخيص تقني مع هيونداي وكيا موتورز كوريا ديوان سلمان الألياف هي فخر هذه الإمبراطورية لأنها تحتل المرتبة ال 11 في العالم في إجمالي الطاقة الإنتاجية. وتمتلك المجموعة ثلاث وحدات للنسيج، وشركة لتصنيع الدراجات النارية، وأكبر وحدة للسكر في البلاد. لديوانز أيضا مصالح تجارية في الهند. وتمتلك الشركة عشرات الملايين من أسهم شركة أسمنت السعودية وأسمنت باك للأسمنت. وهي تمول نحو 40 مستوصفا طبيا وأكثر من اثني عشر مدرسة، بالإضافة إلى تمويل الطرق التي تعصف بالمياه والبنى التحتية للطاقة الحيوية. ديوانز في طريقهم لبناء 1O مليون الموارد الصغيرة والمتوسطة مع استثمار مؤسسة التمويل الدولية من 3 ملايين نسمة. ديوانز تتمتع تأثير كبير في قطاع الهندسة. 12. لاكسون المجموعة لاخانيز تواجه حاليا صعوبة في أيدي ناب. سلطان لاخاني وأخوته الثلاثة يديرون هذه المجموعة المرموقة وسلسلة مطاعم ماكدونالدز في باكستان. وقد ادعى ناب لاخانيز من إنشاء شركات الهاتفية من خلال مديري لا قيمة لها، وجمع قروض ضخمة من مختلف البنوك والمؤسسات المالية. سلطان هو حاليا في الخارج بعد أن قضى عقوبة السجن مع الأخ الأصغر أمين، على الرغم من أن صدر الأخير في وقت سابق بكثير. وتفيد التقارير أن ناب طلبت 7 بلايين روبية من لاخانيين، ولكنها وافقت فيما بعد على أنها لا تدفع سوى 1،5 بليون روبية على مدى 10 سنوات. لاخانيس، مثل منافسيهم هاشوانيس، هم الأكثر شهرة من جميع تيكونس إسماعيلي. وتتراوح حصصها بين وسائل الإعلام والتبغ والورق والمواد الكيميائية والمعدات الجراحية للقطن والتعبئة والتغليف والتأمين والمنظفات وغيرها من المواد التي يتم الاحتفاظ بها في المنازل، وكثير منها مشاريع مشتركة مع تكتلات عالمية رائدة. على الرغم من أن لاخانيين في مياه مضطربة حاليا، كان النجاح الذي استقبلهم خلال السنوات ال 25 الماضية بشكل خاص هائلا. لديهم انشقاقات مع إمبراطوريات الأعمال الكبيرة على الرغم من كونها معروفة الفراء طبيعتهم جنتيل. سواء كان أي حكومة في السند أو على المستوى الاتحادي، كان لاخانيون أصدقاء موثوق بهم في كل مكان، على الرغم من أن العصر الحالي أثبت استثناء مؤلما. 13 - مجموعة الياقوت التي تديرها ميان عبد الله، وهي صناعة صناعية مخضرمة، تمتلك 11 غزلا غزليا (تنتج 000 60 طن من الغزل سنويا)، و 3 نباتات منسوجة من نسيج غراي (تنتج 50 مليون متر سنويا)، ومصنع صباغة للغزل 5 طن في اليوم)، ووحدة حياكة واحدة (10 أطنان في اليوم)، ومصنع صباغة نسيج محبوك (10 أطنان في اليوم)، ومصنع صباغة النسيج والتشطيب (1.2 مليون متر في الشهر)، وثلاثة محطات توليد كهرباء لديها القدرة على تنتج 40 ميغاواط من الطاقة. الياقوت أشكال أشكال التآزر مع شركات الملابس قبالة الشاطئ. تقوم المجموعة بتسويق منتجاتها بأكبر الأسماء التجارية في آسيا وأوروبا وأستراليا وأمريكا الشمالية. بدأت الياقوت مع واحدة الغزل مطحنة في عام 1969 وتوظف أكثر من 10،000 شخص ويبلغ حجم مبيعاتها السنوية من 219 مليون نسمة. يمكن قياس سمعة ميان عبد الله من حقيقة خلال مينيس أكتوبر 2003 في أبتما، أكثر من 1000 مصنعين النسيج سيئة قدم استقالاتهم ضد الرئيس الحالي وقار مونو له. وقد اقترح العشرات من الأقطاب الرائدة اسمه لرئاسة أبتما في حالة الإعداد المؤقت. وجود تأثير بين مطاحن الغزل والنسيج ليست مهمة سهلة ولكن ميان عبد الله يقف متميزا في هذا السياق كثيرا ما ينظر إليه كجزء من حاشية كبار رجال الأعمال الرئيسيين إلى البلدان الأجنبية ويقدم المدخلات لزملائه الزملاء كلما طلب. 14. كانت مجموعة داود في المرتبة الباكستانية أكبر مجموعة في عام 1970، 3 في عام 1990 و 15 في عام 1997 مثل كل شيء. فالتأميم ومأساة باكستان الشرقية تداست في جميع أنحاء داود أيضا. اليوم، تقف مجموعة داود الأصلية مقسمة إلى ثلاثة فصائل. امتنع أصحاب هذه الإمبراطورية عن فتح أي وحدة لجزء كبير من نحو 20 سنة غريبة. تأسست هذه المجموعة من قبل أحمد داود، ولكن في وقت لاحق سلالة وجدت نفسها تنقسم بين الإخوة داود الثلاثة - أحمد صادق وسليمان، قاد اللاعبين الرئيسيين في هذه المجموعة حياة في المنفى خلال نظام بوتو. وزير التجارة الفيدرالي السابق للتجارة والتجارة رزك داود، ابن الراحل سليمان دوند يدير هندسة ديسكون وعدد قليل من الوحدات الأخرى التي تتعامل في تصنيع الثلاجات وغيرها من المنتجات الاستهلاكية. حسين داود، شمس أحمد داود، قد قدمت بالفعل الخدمات الخيرية الجدارة في مجال التعليم من خلال دعم الطلاب الرائعة والمحتاجين. يدير حسين داوود هرقل وبعض شركات المضاربة وعدد قليل من وحدات المنسوجات. مجموعة الصادق الفجر تمتلك عددا قليل من التأجير والمضاربة والتأمين المخاوف أيضا، وبصرف النظر عن داود ياماها. صادق داود قرار أن يصبح منا في عام 1951 وأمين الخزانة الباكستانية مسلم خلال حكم أيوبس استفاد بالتأكيد داودس. 15. مجموعة أفضل طريقة السير أنور بيرفايز هو رئيس مجموعة بيستواي التي بدأت كمتجر متخصص للأغذية الآسيوية في غرب لندن في عام 1962. المزيد من وحدات البيع بالتجزئة تليها وبحلول أوائل 970s فتحت المجموعة عشرة مخازن للأغذية العامة. ويمكن بسهولة أن يطلق عليه اسم أغنى الباكستانية. انتقلت مجموعة بيستواي إلى تجارة الجملة في عام 1976 عندما تم إنشاء أول مستودع بيستواي النقدية والحمل في لندن. وجاء التوسع السريع في تجارة الجملة خلال الثمانينات والتسعينيات، وحتى الآن، تضم مجموعة بيستواي حوالي 30. وقد انتقلت مجموعة بيستواي إلى أعمال الأسمنت في عام 1995 عندما قررت إنشاء مصنع للاسمنت في باكستان بتكلفة 120 مليون . في عام 2002، استحوذت مجموعة بيستواي على حصة 25.5 في بنك المتحدة المحدود. اليوم، مجموعة بيستواي لديها محفظة متنوعة، مع المصالح في أمبير النقدية تحمل الجملة، والاستثمارات العقارية، ومنافذ البيع بالتجزئة، طحن الأرز والعدس والبقول وإنتاج الأسمنت ومؤخرا إلى المصرفية. وبلغ مجموع مبيعات المجموعة أكثر من 163 مليار دولار للسنة المنتهية في 30 يونيو 2002. وتوفر المجموعة فرص عمل مباشرة لأكثر من 2300 شخص. 16 - وتملك أسرة هارون، التي يرأسها يوسف هارون، رئيس وزراء السند السابق وحاكم غرب باكستان السابق، مجموعة "هيرالد" التي تضم مجلات "دايلي دون" و "هيرالد" و "أورورا" و "سبيدر". عندما ارتقى إلى كاراشيس ميورشيب، كان يوسف أصغر عمدة في تاريخ شبه القارات. وقد ظل هذا السليل البارز لعشيرة ميمون مؤمنا قويا بأن الجنرال ضياء الحق قد أطلق سراح التمييز المنهجي ضد رجال الأعمال في كراتشي الذين جعلوا الميمون يطيرون خارج باكستان بأموالهم. كما ظل شقيق يوسافس الأصغر مابود أ. هارون حاكم السندس، إلى جانب عمله كقائد عازم في سن 17 عاما. إن هارونز الأكثر ثراء في البلاد مرة واحدة، هم بارون بارزون في وسائل الإعلام اليوم يتمتعون بنفوذ لا مثيل له في البلاد السياسية والاقتصادية الساحة التجارية. سير عبد الله هارون، والد يوسف ومحمود، توفي سيئة في عام 1942، ولكن قبل أن يكرس مسكنه لقضية باكستان. التعامل مع كل من الأعمال والسياسة في نفس الوقت لم يكن أبدا وظيفة صعبة لأبناء منضبطة من السير عبد الله هارون. Yousaf Haroon also served a countrys High Commissioner to Australia. The great grandfathers of the Haroons had migrated to Karachi some 150 years ago where they made fortunes in clothing and sugar trades. 17. The Yunus Brothers The Chairman of this group is Abdul Razzak Tabba. This group owns one of the largest warehouses (textile products) in Pakistan. The concerns falling under the ambit of the Younus Brothers are Fazal Textiles, Gadoon Textiles, Lucky Cement, Lucky Energy, Lucky Power-Tech, Lucky Textiles, Younus Textiles, Security Electric Power Company and Younus Brothers etc. Razzak Tabba is an active player in the politics of the prestigious All Pakistan Textile Mills Association (APTMA) too, apart from assuming a king-makers role in the political arena of the FPCCI. Tabba came to more limelight last year when he hosted very heavily attended dinners in honour of the textile magnates from all across the country, while siding with Messrs Tariq Saigol and Mian Mansha in their battle against the APTMA Chief Waqar Monnno. He is quite a philanthropist too and has initiated various welfare projects for his Memon community in Karachi and Sindh. He frequently stars in the community welfare programmes held under the auspices of the Asia Tabba Foundation, World Memon Foundation and the Kathiawar Cooperative Housing society etc Tabba is a man who likes to keep away from camera and despite all his influence and riches-something which has made him earn tots of respect. 18. Gul AhmadAl-Karam Group Gut Ahmad is one of the most vibrant Memon business houses in the country that was founded by Haji Mohammad Pakolawala, but is now split between Gul Ahmad and Al-Karam Group of Industries. While Gul Ahmad is headed by Bashir Al Muhammad, the Al-Karam faction is controlled by Umar Haji Karim. In 1953, Gul Ahmad was incorporated as a private limited company with a capital of Rs eight million. Gul Ahmad is presently a composite unit with an installed capacity of 88,000 spindles, 108 air-jet looms and 297 conventional looms. The group has been a pioneer in the field of power generation as well. Gul Ahmads directors have held top positions in various textile bodies, export committees, besides having assisted government of Pakistan in few major talks with EU and US. The group is set to launch the Excel Insurance Company shortly as required licensesdocumentation stands done. Al-Karam, on (be other hand, is one of the largest textile concerns in Pakistan producing superior quality yarn, apart from having Amna Industries, Orient Textiles, Imran Crown Cork, Gul Agencies, Dabheji Salt Works and Pakistan Synthetics in its wallet. It owns a dairy-related establishment too by the name of Pakistan Dairy Products Limited. During Moeen Qureshis tenure, Alt Muhammad was appointed Vice Chairman of Export Promotion Bureau. 19. The Bawany Group Bawany dynasty was founded by two Bawany brothers, Ahmad Karim Ebrahim Bawany and Abdul Latif Ibrahim Bawany born in 1882 and 1890 respectively at Jetpur, Kathiawar, who had migrated to Burma towards end the end of 19th century and set up Ahmad Violin Hosiery Works in Rangoon. In 1947, they migrated to Pakistan. It was perhaps in memory of the Hosiery Mills at Rangoon that a company with the same name was incorporated in Karachi and is doing a flourishing business. The name Bawany has its origin in the name of an elder of the fam ily, who was known for his honesty and hard work in home-town Jetpur. They were the first among the Memons to open a purchase office in Japan and nre currently active in textiles, jute, sugar, particle board, Oxygen, leather, garments, tanneries and cables Bawanis are known to have maite night investment decisions at the right time and their contemperaine still acknowledge them for his quality. Bawanis are known to have made right investments us the right time-something their contemporaries acknowledge. 20. The Servis Group Shahid Hussain is the Chairman of this massive foot-wear giant whicb now is neck-deep in textile business too. Shahid has replaced Ch Ahmad Saeed (sitting PIA Chairman (as the Servis boss. Both Chaudhary Ahmed Saeed and President General Musharraf happen to be old friends from their Forman Christian College days. Ch. Ahmad Saeeds younger brother Chaudhary Ahmed Multhtar is a well-known Pakistan Peoples Party leader who has been the Federal Commerce Minister of Pakistan during one of the two tenures of two-time ex-Premier Benazir Bhutto. Ch. Ahmad Saeeds son Arif Saeed is Chairman APTMA Punjab and is siding with his Central Chief Waqar Munnoo against a huge number of textile gurus. The Servis Group operates in sectors like shoes, tyres, cotton yarn, leather, syringes and retailing. The political constituency of these politicians-cum-businessmen also happens in be the feud-ridden Gujrat district of Punjab where Ahmed Mukhtar sometimes emerges triumphant against President Pakistan Muslim League Ch Shujaat Hussain, and at times loses the support of voters for a National Assembly seat. It is this pr oximity with various regimes that the Servis Group bus been rated so highly. And then, even if alleged for a white-collard crime, these Servis guys remain relatively comfortable-courtesy their clout as a political-cum-business family. 21. The Tata Family Do not confuse the Tatas in Pakistan with their name-sake market leaders in India. Having migrated from Nepal Mehboob Elahi started with a tannery in Bangladesh much before 1971 but his five Sons Mehboob lqbal Tata ( Chairman Jinnah Hospital Lahore). Riaz Tata (President FPCCI) Anwar Tata (Former Chairman APTMA), Khalid Tata and ljaz Tate together built 15 odd units, ably supported by the third generation scions like Shahid, Masud and Hasan Tata. Tatas are in textile spinning, weaving, denim, woven, knitwear, leather and energy business. Having annual turnover in excess of Rs 1.5 billion, this Chinioti family too traces its presence in business as early as 200 years from now. Bound in a cohesive bond, each of the Tatas heads a separate unit. The sitting Federation President Riaz Tata heads the Naveena Exports Division and despite having faced some tough times at the top slot in the apex body. Pakistans key business leader is holding his throne tightly, though there have been occasions when he (Riaz Tata) seriously thought in terms of vacating office due to business pre-occupation. But the mammoth number of colleagues and friends around him barred him from doing so. The vintage Tatas overall lead unassuming life styles. They love to remain in low key but prove their worth when times demand. 22. The Alam Group This establishment comprising three leather and two textile units is led by former President Karachi Chamber Shahzada Alam, elder brother of sitting Vice President FPCCI and Senior Vice chairman Pak-USA Business Council Arshad Alam. Messrs Leather Connections, a joint venture with a UK conglomerate, is one of those units managed by this group which happens to be Pakistans largest exporter of value-added leather products. While Leather Connections is looked after by Arshad Alams son Khurshid Alam, the textile arm of this group is supervised by Faraz Alam son of Shafiq Alam, the youngest Alam brother. The family has also made huge investments in real estate and stocks, within and outside Pakistan. While the younger creed looks after business, the elder Alams give time to their passion of playing ring leaders in the politics of the FPCCI and other business chambers. The group also runs an importexport entity by the name of Continental Traders, besides having recently set sails for investment in media too. Shahzada Alam gained more recognition when he went out airing strong resentment against the involvement of business institutions in countrys politics. The Alams are an eminent Chinioti family in business for the last 150 odd years, known more for dominance in leather sector. COMPASS is the name of the philanthropic school for retarded and disabled children which the Alams operate in Gulberg Lahore sans any external assistance. 23. The Guard Group The 87-year old Malik Shafi, decorated with Pakistans highest civil award, still looks after numerous business entities with complete vigour. Eldest of his four sons is the former LCCIFPCCI President lftikhar Malik who is also the sitting Chairman of Pak-US Business Council. The Guard Group deals in automotive parts, filters, brake fluids and other vital accessories of motor vehicles. The group has enjoyed monopoly in this business since 1959, when the government servant turned magnate Malik Shaft decided to enter business. Guard Rice, one of the largest exporters of this community around the world, is being run by Shafis youngest son Shahzad Matte who is also holding the slot of Lahore Chambers Vice President. The other two Maliks-Waqar and Shahbaz control the technical sides of their family business, apart from keeping an eye on this groups real estate amp agricultural land holdings. Maliks are an Arain Punjabi family that also runs a few free hospitals and dispensaries. Malik lftikhar however, is keener with his hobby to be in limelight all the time and is perhaps Pakistans most photographed tycoon. While people refrain from coming under camera when they grow in stature, Malik loves operating a Lahore-Islamabad shuttle service to sit next to anyone who is ruling. But then he delivers when needed 24. The Ejaz Group This establishment owns countrys largest knitwear-cum-dyeing facility at Lahore. More than half a dozen textile units of Ejaz Group are being run by yet another chinioti scion Mian Gohar Ejaz, son of late Senator Sheikh Ejaz. Gohar held the reins of this group very much during his college days when Sheikh Ejaz left for his heavenly abode after protracted illness that lasted months. Gohar is now a noted policy maker at both Federal and Provincial Textile Boards. He is one of the Boards of Governors at the Punjab institute of Cardiology Lahore. People started paying a heed to his leadership abilities in 1997, when he took on the APTMA grey-heads convincingly during the 1997 annual polls and narrowly lost to his opponent in fight for the top slot. Gohar then had led a rebellion comprising promising youth from renowned textile families. Against the hegemony of stalwarts including the likes of Messrs Tariq Saigol, Mansha and Jahengir Elahi etc. His younger brother Mian Faisal Ejaz is the son-in-law of Shahzada Alam Monnoo. He is yet another investor in mutual funds and real estate, though relies more on his obsession i. e. the textiles and his passion which is value-addition in this sector. The services Gohar has rendered for creating awareness with reference to value-addition are certainly quite meritrions. 25. The Tabani Family The Tabanis are also deemed as one of the biggest groups associated with manufacturing, trade, export and import business. They are one of the few Pakistani industrialists holding massive stakes in Central Asian Republics. They own Pakistans first private airline-Aero Asia. Yaqoob Tabani is this groups chairman. The fields of Tabanis businesses include counter trade and barter transactions, textiles, fashion garments, leather, tourism, automobiles, shipping, power generation, oil and gas, metals, chemicals, fertilizers, cigarettes, cement and medicines. Tabanis have wings stretched everywhere. You name a business field and Tabanis are there. But despite all the clout it enjoys at the top levels, the family opts to remain modest. Ashraf Tabani, an elder Tabani, has served Sindhs Governor, Provincial Minister of Finance, Industries, Excise and Taxation between 1981 and 1984. He was appointed Honorary Administrator of the FPCCI during the 1971-1973 periods soon after Bhuttos Nationalization. Ashraf Tabani has also served as Chairman Employers Federation Pakistan, President Silk and Rayon Mills Association and former Chairman of Industrial Development Bank of Pakistans Board of Directors. They are a leading Memon family, also engaged in funding various public welfare schemes. Though scandals can confront any industrial establishment of this size, Tabanis have been fairly lucky in evading them. 26. The Tapal Group Is headed by Aftab Tapal. The groups success in tea business has astounded many. The journey of Tapals remarkable success is the combined harvest of three generations of this family. In 1947, Tapal started out as a family concern under the supervision of Adam Ali Tapal. Faced with tough competition from very well known tea brands in the market, the Tapals dispelled the common impression that their capital base would soon be eroded. The company grew under Faizullah Tapal, whose son Aftab today brings a lot of innovation and marketing vision to make Tapal a household name. After having lived abroad, Aftab rushed hack home with flourishing ideas and introduced new concepts in the commodity that was first sold at Thomas Garways Coffee House in London in 1657. Equipped with latest state-of-the art blending and tea-mixing paraphernalia. Tapal is today Pakistan largest tea company as its consumption runs into millions of cups every month, according to an estimate by this companys marketing division. In December 1997, Tapal Tea became the first Pakistani of its kind to have attained the ISO-9001 certification. Tapals are also known to have stakes in power generation business. But their tea makes the Tapals known to all. The group claims nearly 1.4 million cups of tea in Pakistan are made of Tapal every hour. 27. The Atlas Group This group was founded by Yousaf Sherazi, a former Income Tax official and journalist in 1962 with a capital of Rs 03 million only. The first company set by the Atlas Group was Sherazi Investments (Pvt) Limited and since then, there is no looking back. The East Pakistan tragedy, however, nearly crippled Sherazi but he never lost hope and went out forming numerous joint ventures with leading Japanese concerns like Honda. Atlas-Honda today is a name to reckon with in countrys engineering sector and associated with this just one name are hundreds of vendors. He holds stakes in insurance, financial services, information technology, leasing, warehouses, office equipment, motor cars and motorcycle-assembling units, besides running a renowned firm that manufactures batteries. Sherazi owns the Atlas Investment Bank too. The Federal Budget 2004-05 is perhaps the only budget in countrys history that has hit the very influential car manufacturers on the head, otherwise people like Yousaf Sherazi have always managed to dictate terms where it matters. The Atlas Group owns no less than seven companies quoted on the stock exchanges of Pakistan. The groups assets are believed to have touched the Rs 15 billion mark and so have the sales. 28. The Abid Group Is run by Sheikh Abid Hussain alias Seth Abid. He is one of the most resourceful developersbuilders in the country owning vast stretches of land in major cities. On this land worth many billion of rupees, Seth has constructed residential schemes under the brand name of Green Fort. Seth came into this business after decades of notoriety as being one of the spearheads in cross-border smuggling. While many remember Seth for his allegedly illegal trading stints, a lot of informed circles still say with conviction that he, along with Dr. Qadeer and former Premier Bhutto, was the brain behind the success of Pakistans nuclear programme. About three dozen of Seths very close relatives, friends and nephews are members of countrys bourses and for many years now, the Seth Abid group assumes the role of king-makers during the annual polls of these stock exchanges. He is a leading investor in stocks, metals and currency but what gives him immense pleasure is his philanthropic institution Hamza Foundation that he sponsors for the welfare of deaf and dumb children. Pakistan has not had a single ruler, politician, bureaucrat or Army General who doesnt know the Seth who is more of a myth for most. The Seth, throughout his life, has avoided publicity-a fact known to most journalists. 29. The Sheikhani Family They are one of the most reputed land developers in the country. The Sheikhani, although not a very big industrial establishment by any means, are led by Abu Bakar Sheikhani. The Sheikhanis are famous for their construction and land development-related errands. Abu Bakar is deemed to be one of the largest investors in real estate trade at Gwadar Port. He has all the right connections that are required to be in such business. Despite being well known to the national political circles, the man in street knew more of him during MarchApril 1991 when he surfaced as the single largest contributor to then Premier Nawaz Sharifs Debt Retirement Fund with a donation of Rs 450 million. Today, his adversaries dub him a land mafia man, alleging him for selling his Gwadar land at only 4000 per acre only to senior Army officials while the same was being sold at 2,50,000 per acre to ordinary investors. But that is the way Sheikhani runs his vast landconstruction empire. Accusations dont disturb Sheikhani, who according to many large developers is a man who has managed to create tremendous impression in land business. The rumours of his landing in any Pakistani City for land acquisition purposes, helps the price of real estate surge unprecedently overnight. 30. The Dadabhoy Group Abdul Ghani Dadabhoy was the founder of Dadabhoy group, starting in trade and branching off into the construction business. The group has a big share of cement market in Southern Pakistan. Memons by clan, Dadabhoys are closely related to the Bawanies. Abdul Ghani Dadabhoy had five sons and two daughters, namely Noor Mohammad Dadabhoy, Mohammad Farooq Dadabhoy, Mohammad Hussain Dadabhoy, Abdullah Hussain Dada Bhoy and Ghulam Mohammad Dadabhoy. Daughters are Mrs Mehrunisa Jaffer and Mrs Zaibunisa Tanveer. This Group has massive investments in cement, energy, construction, leasing, polyester, banking and insurance etc. Dadabhoys are seasoned campaigners and perhaps do not like being brought into any sort of reckoning like the Habibs. Despite being a formidable business entity, this family is deemed to be extremely reluctant throughout its history, when it comes to flashing headlines, but mind you these unassuming Dadabhoys are still news-worthy. Any good day, you might hear them doing something new. Stock pundits know a lot more about their past stints at the countrys bourses. 31. The Bahria Town (Pvt) Limited Malik Riaz Hussain heads the massive project which is currently developing state-of-the-art schemes in Lahore and RawalpindiIslamabad. Though Malik Riaz may not be having a very renowned name in business circles, fact has it that the value of his land-holdings both within amp outside Pakistan amounts dozens of billions of rupees. Emerging out of the blue, this developer has reportedly developed tremendous connections where it matters in Pakistan-One of the few reasons why his constructed projects get completed in time without hindrance. Whether he has gifted bungalows free of cost of countrys bigwigs or offered them at highly concessional rates, the reality on the ground is that Malik has managed to mesmerize most through his generous wallet. Possessing no convincing financial background, Malik Riaz is known to have been benefited immensely-courtesy patronage of former Pakistan Navy chief admiral retired Mansoor ul Haq. Others say both Malik and the admiral had stuck a 200,000 deal but the man behind the Bahria Town is least moved and irrespective of who is in power he continues to build house after house-swelling his wealth. And then he is happy being a sponsor for many-welfare parties held under patronage of the ruling elite. 32. Adamjee Group The seed of the formidable Adamjee Empire was sown by Haji DAwood in 1896 by establishing a commodity trading company. His son Sir Adeamjee, Haji Dawood went out building a match factory, second largest of its kind then, in 1923 at Rangoon (Burma). By 1947 Adamjee Group wan the biggest exporter of jute from Calcutta. During Bhuttos nationalization, they lost the Muslim Commercial Bank amp stakes in the Mohammadi Steamship Company, leaving then with only Adamjee sugar Mills and Adamjee Cotton Mills, Karachi. Toda, they own the KSB pumps, besides having poured money in paper flooring, diesel engineering, construction centre, garments, general trading, insurance and chemicals etc. one of the biggest names in 1970s, the Adamjee some-how failed to keep hold on Pakistans largest insurance companies. The Adamjee Insurance Company is one of them, which still has around 70 of countrys total insurance business amp is the most internationally reputed and accepted Pakistani company of its kind. 33. Jahangir Siddiquiamp Co This firm has floated ABAMCO which is perhaps the largest mutual fund in Pakistans capital market arena. The firm offers full financial services in the securities industry. ABAMCO is a joit venture among major Pakistani and foreign institutions including International Financial Corporation (IFC) headquartered in Washington. Muslim Commercial Bank, Saudi Pak Commercial Bank amp Messrs AMVESCAP, which is a British company created through the merger of the AIM Management Group with and into a subsidiary of INVESCO which is one of the largest asset managers on the globe having assets worth approximately 348 billion under its direct management. While the Munawwar Aslam Siddiqui is the Chairman of this apex capital market operator, Najam Ali sits in the Chairmans office of the Jahengir Siddiqui and company. The Pakistan Credit Rating Agency (PCRA) has awarded heartening long and short term ratings to this concern. ABAMCO was incorporated in 1995. ABAMCO is the first asset management company in the private sector in the country. MCB, with a deposit base in excess of Rs 182 billion amp operating with a network of 257 on-line branches too has played a major role in ABAMCOs success. 34. THE Din Group The group is headed by S. M.Muneer, former president of FPCCI and that of the Karachi Gymkhana. He is vice chairman of Muslim Commercial Bank too. Muneers din Group is engaged in textiles and leather business mainly, though this Chinoti family has also made massive investments in real estates and stock business too. Muneer has been active in few political tenures too, as the former two-time prime minister Benazir Bhutto had appointed him Minister of state along with Mian Habibullah, another Chinoti who has headed the FPCCI too. Though people still remember Habibullah as having served as Chairman Export Promotion Bureau during Benazir Bhuttos regime, they tend to forget that time had come when Muneer also shared EPBs Fairs and Exhibition Division with him. Muneers son SM. Tanveer is a key figure at APTMA Punjab Zone. He is a busy bee in business politics. Despite hectic life schedule, he still manages to take time out and play an active role at prime business bodies in one way or the other. muneer has a visible instinct to be district-a passion that has helped him rise to all heights. At Din Textiles, the entrepreneurs have strived to produce nearly 1000 shades by mixing dyed cotton. 35. The Adil Group Mian Adil Mehmood, who is married to Mian Manshas niece, is in textiles business mainly, but what has actually helped him climb the ladder of fame and respect, have been his untiring efforts to resolve the problems of bank defaulters under Governor State Bank of Pakistan, in collaboration with countrys Development Financial Institutions (DFIs) all of which has resulted in revival of sick induxtries. Both defaulters amp banks appear indebted to Adil as he has visibly save one party from a possible action amp other from spending millions of rupees on lenghthy litigation. Along with Mian Usman, Adil was appointed member Governor SBP, s Dispute Resolution Committee on Defaulted Loans in 2001 and since then he has been flying between Lahore amp Karachi to provide respite to some 700 defaulters meaning thereby that he has been catalyst in helping banks recover billions of rupees from their stuck up credits. Adil is also senior Vice Chairman APTMA Punjab zone. By vitue of the honorary slots he holds, this Chinoti magnate has been one of the most sought after businessman in the country of late, despite him chanting the merit slogan. Like most of his contemporaries, he too has excelled in philanthropic services. Free eye-treatment is what his charity specialises in. 36. Chenab Group Mian Muhammad Latif supervises this group along with his brother Mian Ashfaque - a legislator in the National Assembly of Pakistan. Founded in 1975, Chenab Limited set up its first fashion outlet Chen One. Chen One has seven outlets throughout Pakistan. After establishing its retail chain stores in various cities of Saudi Arabia, the group is now planning to establish its new retail chains in Bahrain, UA. E, Qatar, Kuwait and Central Asian Republics. While Chenab Group is an eight-time Export Trophy winner, its Chief Mian Latif has won the Businessman of the Year award on four different occasions from various business bodies. Chenab is principally engaged in manufacture and distribution of clothing, furniture goods, including non-iron suit, quilt cover and curtains etc. Chenab processes 50 million square metres fabric weaving and 75 million square metres fabric dyeing every year and has established a global sales network spanning across five continents. Chenab is licensed to the Swedish Texcote Technology in the manufacturing and sale of textile materials, garments and textile house-hold goods. In August 2003, the Chenab Group signed a Rs 900 million loan facility with the National Bank of Pakistan. The groups textile products have been awarded the Oekotex 100 accreditation. 37. Sitara Group Started its activity with textile weaving as early as 1956, under brothers Haji Abdul Ghafoor and Haji Bashir Ahmed. It is now its textile cloth finishing and processing, textile spinning, chlor-alkali sector and in power generation. The units owned by this establishment include Sitara Chemicals, Sitara Chemicals (Textile Division 1) and Sitara Chemicals (Textile Division 11), Sitara Textiles, Sitara Energy and Yasir Spinning. The charities being managed under the aegis of Sitara group are Aziz Fatima Hospital, Ghafoor Bashir Children Hospital and Aziz Fatima Girls School. Sitaras name with the industrial City of Faisalabad is synonymous. They are the decades-old veterans in business, who have excelled in leaps and bounds. At their units, the owners of Sitara use technology imported from Japan, UK and Germany and are export leaders in bedding and fabric collection to South America, USA, Canada, New Zealand and Europe. Their textile divisions together operate at strength of 33,984 spindles. The Sitara (group, to a common man, is more famous for its lawn brands like Sitara Sapna and Mughal-e-Azam. The men at helm of affairs in Sitara hardly believe in setting up dozens of units, of which they are otherwise very much capable of. 38. The Colony Group Mian Muhammad lsmaeel Sheikh, who laid the foundation stone of this group, set up his first factory in 1898, first flour mill in 1908, taking Colony Groups total tally to 14 ginning factories and 4 flour mills by 1947. The group suffered heavily during Zulfiqar Bhuttos nationalization and it was left only with a few textile mills, flour mills and ginning factories. Though Sheikh Ismaeels heirs could not manage to take Colonys name to the top, they have had an excellent time. But despite their share of hard luck, Colony Groups owners that still run some jute, textile and financial companies. Colony Textile Mills was the first unit of its kind to go into operation in independent Pakistan. Ismaeel Sheikhs sons Aziz, Naseer, Farooq and Mughis have also been active in politics. They once owned equities in newspaper and a few of them even went out contesting elections in 1970. These Colony people, many thought, could have scaled far more greater heights, because the kind of start they had in business falls in the lap of very lucky people only. 39. Arif Habib Securities This company is owned by Chairman Karachi Stock Exchange (KSE) Arif Habib. It is one of the largest brokerage operations on the bourse. One of its subsidiaries-Arif Habib Investment Management Limited-specialises in mutual funds. By 2001, this concern was listed on all the three stock exchanges. Since its inception, Arif Habib Securities has been one of the best-performing and most profitable brokerage houses in the country, helping its net profit jump to Rs 751.9 million by almost 200. At the same time, the overall capital base of this firm had almost doubled to Rs 1415.1 million till 2003. Recently, Arif went out slating the imposition of 0.1 per cent Capital Value Tax on turnover and managed to get it slashed through negotiations with the government. Operating with numerous high-worth clients, Arif Habib has won it all through the reputation and connections he has managed to build since 1989. Arifs success is also attributed to the generous per centage of cash dividend and bonus issues that he believes in announcing regularly. The companys assets had surged from Rs 73.54 million in 1997-98 to Rs 2178.95 million by 2002-03, while earning per share had soared from 3.72 to 12532 during the same corresponding period. Kassim Dada, hails from a 19th Century Memon business family known to have possessed the vision of international trade when most of their contemporaries were rather nave on this count. This family had offices in Burma, South Africa and countries of the Far-East long before 1940. Dadas, have held decisive positions at the Karachi Stock Exchange and own shares of various Pakistani and foreign monopolies without creating any hype. Kassim Dadas family is known to have held major local equity in multinationals like Glaxo SmithKline, Brook Bond and Berger Paints, besides being the sponsoring directors of Messrs Hyderabad Electronics, Automotive Battery Limited and Interfund Bank etc. Kassim Dada is one of the few Pakistani Tycoons who used to fly on private planes from Karachi to his cement plants in Hyderabad. It was this family which had hired Mahatama Gandhi as a solicitor in 1890 to contest a business case in South Africa. Dada, was once a symbol of wealth. H amp H Exchange Co. (Pvt) Ltd. Head Office Address: Suite G-17, Ground Floor, Saima Trade Tower, Dr. Ziauddin Ahmed Road Karachi, Sindh 74000 Telephone: UAN. 111 44 00 44 92.21.2212882-89 Fax: 92.21.2212890 Dollar East Exchange Company Head Office Address: 97-A Jail Road, Lahore, Punjab 74000 Telephone: 92-42-7555616 92-42-7598529 Fax: 92-42-7555615 Read more. 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Dear reader, please upgrade to the latest version of IE to have a better reading experience Home Latest Popular Pakistan Todays Paper Opinion World Sport Business Magazines Culture Blogs Tech Multimedia Archive In Depth Akhtar Balouch mdash Updated Sep 26, 2018 12:57pm Statue of Nadirshaw Edulji Dinshaw. Statue of Edulji Dinshaw. This is the story of a Parsi father and his son their services for the city of Karachi long forgotten by the non-Parsi community of the city or the country. The father was Edulji Dinshaw, and the son Nadirshaw Edulji Dinshaw. The city today has hospitals, educational institutes and residential colonies that are products of their tireless, selfless efforts for the development of this metropolis. According to F. K. Dada Chalji, the only thing Karachi gave the Dinshaws in exchange for their favours were statues. They could be seen standing tall in various parts of the city. Dada doesnt tell where to find these statues. Before the Partition of 1947, the city had a number of these statues in memory of the people who had served it. After independence though, the statues in Pakistan started disappearing. The list of disappeared statues includes those of M. K. Gandhi and Jawaharlal Nehru. We will come to the subject of the locations of the statues of the Dinshaws, but first, let39s talk about the more the important bits. A hundred and thirty years ago, Dinshaw was the first individual in Karachi to have established no less than 12 hospitals for the people39s welfare. In 1885, the Vicerine of India, Lady Dufferin (wife of Frederick Hamilton-Temple-Blackwood, Viceroy of India from 1884-1888), announced the Countess of the Dufferin Fund which was meant to provide medical services to women in different parts of India. The Raj asked Sindh for donations for the fund and the entire Sindh donated a total of Rs 10,000. The Dufferin Fund committee itself donated Rs. 5,000 rupees. The sum was not sufficient to build a hospital at the time, leaving the project uninitiated for more than half a decade. In 1894, Edulji Dinshaw donated Rs. 50,000 to the fund, making the initiation possible. During the construction, certain changes in the design caused the cost to jump up a bit and Dinshaw voluntarily provided for it all. Not only this, Dinshaw also bought the hospital39s first consignment of medicinal supplies, while his son Nadirshaw donated furniture for it. In the end, compared to the total donation by the committee and the province, amounting to a mere Rs. 15,000, the Dinshaws donated Rs. 85,000. That is what Dada Chalji calls in his book the Zartashi jigra (Zoroastrian spirit). Apart from the Dufferin fund hospital, the Dinshaws also helped set up two missionary hospitals in the city. Edulji Dinshaw was also an educationist. He would donate hundreds of thousands of rupees to the Bombay University in order to financially support students in need. The Mama Parsi School in Karachi and the Sardar Dastoor Girls School in Pune (India) are examples of their efforts towards education. The most noteworthy example is the engineering institute in Karachi that many aspiring engineers dream to get a slot in the NED University of Engineering and Technology it is among the top engineering universities in Pakistan. Almost every educated Pakistani knows about the institute and honours its reputation, but not everyone knows that NED stands for Nadirshaw Edulji Dinshaw. I was not able to find the two statues Dada Chalji mentions sadly, the only thing Pakistan did give back to the Dinshaws is now untraceable. Akhtar Soomro, a friend and a senior photojournalist, told me one day that he is going to the Parsi Institute to attend a lecture and I wanted to tag along, expecting to get a small tour of the place. To my disappointment, I was politely refused as the event was invitation-only. However, when I saw Soomro the next day, he was kind enough to share his experience of the lecture. It was a nice place. As I entered the premises, there was a statue He must have gone on, but I stopped listening after the word statue. I had to see it with my own eyes, I had decided. The Parsi Institute is located on the route which takes you from Lines Area to Saddar. While the building is somewhat nondescript, it does have a spacious lawn and to the right, I could see a statue. I neared it and beheld Mr Edulji Dinshaw carved in stone. I was relieved to see it intact. Standing there, I paid my respects. Almost a week later, I was passing by the road leading to the Parsi Institute and noticed a festive commotion at the institute. I could see a number of cameras rolling, so I asked a man what was going on and he told me someone was filming. My photojournalist friend Akbar Baloch was keen enough to point out to me that I had missed a whole other statue, that of Nadirshaw Dinshaw. The Dinshaws statues were removed from their original location to the institute without any damage. This was a pleasant surprise for me, because the statue of Harchand Rai Vishandas had lost his head in the process, while that of Queen Victoria lost its limbs and nose. How and why the statues ended up at the institute, only a Parsi would probably know. Sadly, there are not many left in Karachi and those who are here may not want to talk about it. The plaques on these statues give some information on their original locations. Edulji Dinshaw once stood on what was once Victoria Road. Victoria Road is now known as Abdullah Haroon Road and Nadirshaw Dinshaws spot has been replaced by a clock tower. The Bonus Road became the Fatima Jinnah Road long ago. The purity of the land of the pure does not allow the impure practice of erecting statues in the country. Nevertheless, would it be too much to name at least the two intersections after the great father-son duo who contributed so much to this land and have their services acknowledged in some form All photos are by the author and taken with permission of the Parsi Institute. Translation by Aadarsh from the original in Urdu here . Comments (96) Closed Rashid Sultan Sep 26, 2018 01:43pm MK Gandhi amp Jawahar Lal Nehru were two very significant sociopolitical personalities of the 20th century who were totally committed freedom fighters of the sub continent. They were instrumental in ending British rule not only in the larger erstwhile India that included the present nation of Pakistan. This fact has been recognised by eminent historians and evidenced by others who were their associates and contemporaries including Quaid. It is about time our present leaders recognised this fact and honoured these two great human beings although India of today claims them as they remained in India post partition. Perhaps a statue of each in Lahore or Karachi if not the Islamabad London has two statues of M K Gandhi, one at Parliament Square and one in Tavistock Square. Now, if adversaries of the time the British could honour him why not us After all he fought for our freedom. SRIDHAR RAGHUNATHA RAO Sep 26, 2018 01:49pm Thanks a lot for the article. I am immensely informed of the great philanthropists of our past who made the life of common man bearable. It is unfortunate that this tribe and trait is now absent in these days of modern business ethics. That is our greatest loss. Naji Sep 26, 2018 01:55pm Great research Mr. Akhtar, Dinshaw family and their Great work for Karachi is remarkable. Thousands of Karachi people and ultimately Pakistani people benefited by this family and their projects. They were great philanthropist. NED University is one of the example. Thousands of engineers respect the founder of this remarkable institution. Thank you Mr. Dinshaw, we respect you and respect you for ever. Maham Imtiaz Sep 26, 2018 02:07pm Great article however the last statement regarding purity and impurity is not true because every young generation knows about their contribution to Karachi and people of Pakistan are still in debt but your such statement might cause hatred among two peaceful communities Feroz Sep 26, 2018 02:17pm The Zoroastrians were driven out of their lands so they went as refugees to India, an overpopulated country that that for centuries before and later welcomed travelers. We can understand that the Zoroastrians had tremendous gratitude to the country that gave them refuge. With their enterprise they not only built a name for themselves but it was their charity that remains unparalleled in human history. While Pakistan is fortunate to receive some of their generosity, India was the country that reaped maximum benefits. Institutions set up by them in the fields of Education, Healthcare, Science, Banking, Industry, Art and Culture have a towering presence. Till today the promise made that they will not convert people remains, even though the community faces extinction. they taught the world an important lesson -- it is not quantity but quality that counts and practice what you preach. shadi katyal Sep 26, 2018 11:52pm Such articles bring back the meories of prepartion Karachi and even tears when one think of why such chnages were unnecessary. Granted the nation does not allow such statues but could have created or given to a musem. Karachi was lucky to have such benefactors and most of past glory of Karachi and its cleanliness was due to Parsi community as they did run the city and Muncipality. Thanks for bringing back the memories of our childhood Parvez Sep 27, 2018 12:21am If I am not wrong the road on which both the KPT Building and the Customs House stand is named after Eduljee Dinshaw. On the issue of statues to honor our city fathers and the fact that they add grace to the city. apparently its a touchy subject because some feel it infringes on religious sensibilities of people. Cyrus Cowasjee Sep 27, 2018 05:40pm A good article. The statues of Eduljee amp Nadirshaw Dinshaws were removed from the prominent roundabouts of Karachi by Parsi Coommunity elders and placed in the KPI in the early sixties to protect them from vandals who continued to behead them. A close look will show signs of their repair. The names of Eduljee Dinshaw and Hoshang (his very generous grandson) remain on the roads named after them. The beautiful bronze statue of Ghandi, which adorned the roundabout in front of the High Court, was removed on the request of Mr. Jinnah to avoid its desecration by vandals. It is now in the Indian High Commission in Islamabad. Mr. Nadiirshaw Dinshaw was not the father-in-law of Ardeshir Cowasjee and Jamshed Marker. It was his son Faredoon Dinshaw. syed hassan haseeb Sep 27, 2018 06:18pm thanks Akhtar. the story goes on and on. we have stupid people and stupid rulers it is shame we do nothing and those who have done some thing we brand them and demolish history. Deputy Head of Mission, Embassy of the Federal Republic of Germany, Mr. Peter Felten called on Finance Minster Senator Mohammad Ishaq Dar here. The German Deputy Envoy felicitated Minister Dar on the signing of the agreement between Pakistan Poverty Alleviation Fund (PPAF), Karandaaz Pakistan (funded by UKrsquos Department for International Development) and Germanyrsquos Kreditanstaltfuumlr Wiederaufbau (KfW) Bank for the establishment of Pakistan Microfinance Investment Company (PMIC). Minister Dar also welcomed the agreement and appreciated the contribution of KfW in the PMIC as one of the shareholders. He also lauded the continued German support for different development projects in Pakistan. Mr. Peter Felten discussed with the Minister programme of his engagements at the forthcoming Annual Meeting of Asian Development Bank being held in Frankfurt from 2-5 May 2018. The Minister said that he looked forward to his meetings with German leadership, specially the German Minister for Economic Cooperation amp Development, Dr. Gerd Muller. during his stay in Frankfurt. Senior officials of the Ministry of Finance attended the meeting. PPAF, Karandaaz Pakistan and KfW Sign Agreement to Establish Pakistan Microfinance Investment Company The Pakistan Poverty Alleviation Fund (PPAF), Karandaaz Pakistan (funded by UKrsquos Department for International Development) and Germanyrsquos KreditanstaltfuumlrWiederaufbau (KfW) signed the Shareholdersrsquo Agreement for the establishment of Pakistan Microfinance Investment Company (PMIC) at a ceremony held today in Islamabad. The signing ceremony was attended by the Honourable Finance Minister, Senator Ishaq Dar and representatives of the German and U K governments. The Shareholders Agreement was signed by CEO PPAF, Qazi Azmat Isa, CEO Karandaz, Mr. Ali Sarfraz Hussain and Dr. Pervaiz Naeem, Deputy Head of KFW Pakistan. The establishment of PMIC, a private sector Investment Finance Company, was identified as one of the key milestones in the National Financial Inclusion Strategy (NFIS) launched by the Honourable Finance Minister in May 2018. The Finance Minister said it is the goal of the government to meet the needs and aspirations of the poor and marginalized and disadvantaged households. The National Financial Inclusion Strategy (NFIS) launched by our government in May 2018 is targeted towards helping the poor segments of the society through financial inclusion. Today is indeed a momentous occasion for us, when we are establishing a new entity to spur the microfinance sector in Pakistan to the next level of growth. I would like to congratulate the shareholders of PMIC (PPAF, DFID through Karandaaz Pakistan and the German Development Bank KfW) and the UK and German governments for achieving this important milestone. The objective of the Company is to provide much needed liquidity to microfinance providers serving the poor and micro and small enterprises in Pakistan. It is estimated that PMIC financing could support nearly 300,000 new job opportunities every year. Qazi Azmat Isa, CEO PPAF said, ldquoThis is a watershed moment for the microfinance sector, as the PMIC will build upon the foundations we laid fifteen years ago by providing responsible financial services to the millions of poor and financially excluded individuals of Pakistan. The new company is expected to commence operations by July 1, 2018 after completing regulatory requirements and 50 of the loans served by PMIC will be directed to women and rural areasrdquo Speaking at the occasion Deputy Head of DFID Pakistan, Judith Herbertson, said:rdquo I am extremely pleased that the UK is associated with PMIC through Karandaaz Pakistan. This builds on our long-standing support to the financial inclusion agenda in Pakistan which has worked with the State Bank of Pakistan to leverage over pound100 million to the microfinance sector, supported over 2 million people to gain access to microcreditrdquo. ldquoWe believe that PMIC will help the microfinance sector reach the huge numbers of people in Pakistan who do not have access to microfinance services and contribute to job creation and growth of micro and small businesses in the countryrdquo. The new company will be set up as a Non-Bank Finance Company (NBFC) and will be led by a highly competent professional board. PPAF is providing PKR 3,000 million, DFID pound15 million and KfW euro7 million as initial equity contributions for this venture. Finance Minister chaired a meeting to discuss FATA related issues The Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting here Tuesday to discuss FATA related issues. Governor KPK, Zafar Iqbal Jhagra, Minister for States amp Frontier Regions, Abdul Qadir Baloch, Senators MNAs belonging to FATA and senior officials of Ministry of Finance, SAFRON and FATA Secretariat participated in the meeting. During the meeting matters relating to development activities in the area as well as the long term rehabilitation of the region came under discussion. The Finance Minister said the present government under the leadership of Prime Minister Muhammad Nawaz Sharif is determined to create more economic opportunities in FATA and integrate it with the rest of the country. He said that the uplift of FATA is a priority for the Government. The government is committed to meet the expenses on rehabilitation of Temporarily Displaced Persons(TDPs) and reconstruction work in the affected areas of FATA and necessary resources will be made available for the purpose. MNAsSenators from FATA thanked the Finance Minister for the interest being taken by the Government for uplift of FATA, specially the efforts for rehabilitation of TDPs. Finance Minister chaired a meeting to review the final draft of the Budget Strategy Paper Finance Minister Senator Muhammad Ishaq Dar chaired a meeting to review the final draft of the Budget Strategy Paper, for the period 2018-17 to 2018-19 here on Tuesday. The strategy will be presented to the Federal Cabinet for approval on 27th April, 2018. The Minister was briefed on the broad contours of the macroeconomic framework, which formed the basis of the budget strategy for the next three years period. It was also informed that wide ranging inter departmental consultation as various discussion held during the meetings of economic fora, especially Economic Advisory Council and Monetary amp Fiscal Policies Coordination Board had provided useful guidance for the preparation of the draft Strategy. The meeting noted that all the macroeconomic indicators presented a satisfactory picture on the eve of the fourth budget of the present government. The Minister issued instructions for making appropriate improvements in the strategy to ensure that the focus during the next three years period remains on accelerated and inclusive growth. He stated that the PML-N manifesto should continue to be the guiding light for the budget strategy as well as the annual budgets. Canadian High Commissioner, Ms. Heather Cruden paid a farewell call on Finance Minister Canadian High Commissioner, Ms. Heather Cruden paid a farewell call on Finance Minister, Senator Mohammad Ishaq Dar on Monday. The current profile of Pak-Canada economic cooperation was discussed during the meeting. Other development projects financed from Canadian assistance and undertaken through local and international NGOs, UN, World Bank and local governments in the areas of sustainable economic growth, basic education, gender equality and different other fields also came under discussion. The Minister acknowledged the Canadian assistance for different development projects and appreciated the contribution of the High Commissioner for strengthening Pak-Canada economic cooperation. Finance Minister Ishaq Dar shared with the Candian envoy Governmentrsquos plan for achieving sustainable amp inclusive economic growth taking advantage of the macroeconomic stabilization achieved during the last 3 years. He also shared with Ms. Heather Cruden, governmentrsquos concerted efforts for rehabilitation of TDPs. Ms Heather Cruden said that she was taking with her fond memories of her stay in Pakistan. Finance Minister Ishaq Dar wished her the best in future assignments. Preparations for ADB Meeting Finance Minister, Senator Mohammmad Ishaq Dar here on Monday chaired a meeting to review preparations regarding participation of Pakistanrsquos delegation in the forthcoming 49th Annual Meeting of Board of Governors of Asian Development Bank (ADB). Finance Minister who represents Pakistan on the Board of Governors of the Bank, would lead Pakistanrsquos delegation at the meeting which would be held at Frankfurt, Germany from 2-5 May 2018. During his stay at Frankfurt, besides participating in the scheduled events including meetings with senior ADB officials, the Minister would also have interaction with finance ministersdelegations of other countries on the sidelines of the main event. The Minister will also participate in seminars and panel discussions on the topics of quotStructural Reforms: Pathways to Sustainable Growthquot, quotHow Trade, Technology and New Business Models are shaping Asias Quest for Good Jobsquot and other subjects. German Minister for Economic Cooperation and Development, Dr. Gerd Muller would perform official opening of the event. Relief Package For Ramadan, 2018 Finance Minister and Chairman Economic Coordination Committee of the Cabinet (ECC), Senator Mohammad Ishaq Dar has asked Ministry of Industries and Production to prepare the Special Ramadan Package and submit the same for consideration of the ECC within ten days. In this regard a letter has been sent to the Secretary, Industries and Production. The Minister said that keeping in line with the present governmentrsquos past practice, Relief Package would continue to be offered through the Utility Stores for facilitation of the general public in the holy month of Ramadan. A number of items, particularly those commonly used in Ramadan would be provided to the people at prices comparatively lower to rates prevalent in the open market, the Minister added. Government would ensure smooth supply of these commodities at the Utility Stores throughout the holy month, the Minister remarked. Finance Minister approved incentive grant for provinces Finance Minister Senator Ishaq Dar has approved release of Rs 2,214.5 million incentive grant for immediate apportionment among the provinces for the October-December quarter of current fiscal year 2018-16. As approved, Punjab will receive Rs 574.6 million, Sindh Rs 440.7 million, Khyber Pakhtunkhwa Rs 411.3 million, while Baluchistans share is Rs 787.9 million. It may be recalled that the Council of Common Interests on July 31, 2018 had decided that the provinces will be allowed rate of return on their surpluses at the rate of latest T-Bills rate, maintained for a minimum of three months. In accordance with the decision, the incentive grant is released to the provinces on quarterly basis. Clarification - Spokesperson for Finance Minister A spokesperson for Finance Minister, Senator Mohammad Ishaq Dar said here Saturday that most of the electronic and print media misread and wrongly reported that annual returns of assets and liabilities filed with the Election Commission of Pakistan (ECP) show that Finance Minister, Senator Ishaq Dar has taken loan from his sons. The spokesman said that Mr. Ishaq Dar has not taken any loanQarz e Hasna rather he had given Qarz e Hasna to his sons and the same was duly declared in the annual returns filed for the year 2018 with the ECP. The sons of Senator Ishaq Dar have paid back the entire Qarz e Hasna given to them by their father which is duly declared in the latest return filed with the ECP, the spokesman concluded. Finance Minister chaired a meeting of (ECNEC) The meeting of Executive Committee of the National Economic Council (ECNEC) was held here Friday under the chairmanship of Finance Minister, Senator Mohammad Ishaq Dar. ECNEC considered and approved proposal submitted by Ministry of Ports amp Shipping regarding provision of Coal Conveying System from Pakistan International Bulk Terminal (PIBT) to Railway Network at Port Qasim at revised cost of Rs.13,332.849 million. ECNEC also considered a proposal submitted by Ministry of Communication regarding Construction of Motorway from BurhanHakla on M-1 to D. I.Khan at the rationalized cost of Rs. 124,208.00 million. Ministry of Communication informed the meeting that the route for the motorway was as per the Joint Declaration issued after the All Parties Conference. Another proposal by Ministry of Communication regarding land acquisition, affected properties compensation and relocation of utilities for construction of the BurhanHakia to D. I.Khan motorway was also considered at the rationalized cost of Rs 11,973.00 million. ECNEC approved the two projects, subject to formal confirmation of the route being in accordance with the understanding contained in the Joint Declaration of the APC. ECNEC also considered and approved the proposal from Ministry of Ports amp Shipping for construction of bridge across river Indus connecting, Larkanaamp Khairpur districts with approach roads and river training works at a revised cost of Rs 13,397.00 million. ECNEC approved Kaitu Weir Irrigation amp Power Project of Kurram Tangi Dam in Spinwam area of North Waziristan at rationalized cost of Rs. 21,059.26 million. After detailed deliberations, ECNEC approved the proposal of Ministry of Communications for Construction of Black Top Road Yakmach-Kharan via Distain Wadh Khurmagai in Baluchistan at the firmed up cost of Rs 13,758.00 million. April 22, 2018 (PR No. 1593) Meeting reviewed performance of Privatization Commission A meeting chaired by Finance Minister, Senator Mohammad Ishaq Dar here on Friday reviewed the overall working and performance of the Privatization Commission. Chairman Privatization Commission, Mohammad Zubair gave a short overview of the performance of the Commission during the first nine months of the current fiscal year. The chairman also briefed the meeting about the projects that were in the pipeline including the Pakistan Steel Mills (PSM). The Finance Minister directed that response of the Sindh Government to Federal Governmentrsquos offer for acquiring the PSM may be ascertained on priority so that an appropriate decision in the matter is taken without further delay. The Finance Minister also directed Chairman Privatization Commission, Finance Secretary and Secretary Privatization Commission to pursue pending issues with MS Etisalat and hold a meeting with them for early settlement. Senior officials of the Ministry of Finance and Privatization Commission attended the meeting. April 22, 2018 (PR No. 1592) FBR asked to discuss proposals for budget 2018-17 with stakeholders Finance Minister, Senator Mohammad Ishaq has directed the FBR to discuss proposals for budget 2018-17 with stakeholders before these are finalized. The Minister chaired a high level meeting at FBR on Friday where has was given a briefing on Pakistanrsquos existing agreements on Avoidance of Double Taxation with different countries. The Minister said the agreements needed to be revisited for introducing possible changesimprovements in line with latest international trends. The current profile of revenue generation and efforts regarding achievement of targets set for the year 2018-16 were also discussed. The Minister said the fact that there has been no downward revision in revenue target for the current fiscal year is highly commendable. While the Minister lauded growth achieved in the revenue collection in first nine months of the current fiscal year, he said that with continued hard work FBR would Inshallah achieve the assigned targets. Special Assistant to Prime Minister on Revenue Division, Mr. Haroon Akhtar Khan, Chairman FBR, Nisar Mohammad Khan and senior officials of the Federal Board of Revenue were present in the meeting. Legal Notices served on Salman Iqbal, Arshad Sharif, Assad Kharal An official spokesperson said here Thursday that Finance Minister Mohammad Ishaq Dar has taken strong exception to the defamatory and slanderous telecastspublications against him by ARY News through its Programme ldquoNews 3 with Maria Memonrdquo aired on 16th April 2018. The spokesman said that legal notices have been served on ARY CEO, Salman Iqbal, anchors Arshad Sharif and Assad Kharal for airing libelous content and alleging that Finance Minister, Mohammad Ishaq Dar held a meeting with Panamian Deputy Minister for Economy, Ivan Zarak in Washington, without seeking any confirmation. It may be added that the Finance Ministryrsquos spokesperson forthwith rebuffed reports about Panamian Deputy Minister, Ivan Zarakrsquos meeting with Finance Minister Mohammad Ishaq Dar but the ARY tirade against the Minister went unabated. The spokesperson said the fact remains that the totally fictitious content of telecastpublications by ARY were meant to malign the Finance Minister and put to question his personal integrity and ruin the good name that he has earned during his prestigious career as a professional and a political figure, spanning over four decades. The programme violated provisions of the PEMRA Ordinance 2002 and the Electronic Media (Programme and Advertisements) Code of Conduct 2018 by publishing and transmitting false and incorrect statements in an irresponsible manner. The spokesperson said that legal notices on Mr. Salman Iqbal (ARY), Mr. Arshad Sharif and Mr. Asad Kharal have been served under section 8 of the Defamation Ordinance 2002. The respondents have been called upon to publish apology in reputed Urdu and English dailies and also broadcast the same with prominence within fifteen days. In addition, each of them also has been asked to pay a sum of rupees one billion each to the Finance Minister in damages failing which legal proceedings against them would be initiated. Further, a complaint has also been registered with PEMRA under section 26(2) of PEMRA Ordinance 2002 against ARY channel, its CEO and the anchors named above for airing a slanderous and libelous programme about the Finance Minister, the spokesperson added. The spokesperson said that the Panamian Deputy Minister, Ivan Zarakrsquos denial of the report about meeting with Finance Minister and Panamian Governmentrsquos message of apology to Finance Minister over the incorrect statement given by their Deputy Minister, doubly confirms Finance Ministerrsquos denial of ARYrsquos news telecast and more than that strengthens Finance Ministerrsquos stance taken against ARY CEO and its anchors. Indonesian State Audit Board (SAB) met with Finance Minister Finance Minister Senator Mohammad Ishaq Dar received a delegation of the Indonesian State Audit Board (SAB) which was led by the Board Chairman, Harry Azhar Azis, at the Ministry of Finance, today. Finance Minister welcomed the Indonesian delegation and said that Pakistan and Indonesia have always enjoyed very cordial bilateral relations. The Finance Minister stated that office of Auditor General of Pakistan has a key role in ensuring transparency, fair play and good governance. He said that the Constitution of Pakistan has granted the necessary powers to the office of Auditor General so that it can effectively perform its oversight functions. He said the present government believes in the principles of transparency and accountability in financial management and fully supports the role of the Auditor General to ensure that these principles are followed in practice. He said quality audit and financial discipline can help achieve the goal of good governance. Mr. Azis briefed the Minister about the composition and working of the State Audit Board of Indonesia. He stated that the Board also enjoyed wide powers, similar to the Auditor General of Pakistan. He proposed enhanced cooperation and knowledge sharing between the Audit institutions of the two countries. The Minister assured the visiting delegation that the government will fully support the initiatives of the two Audit institutions for enhancing bilateral cooperation in the field of Audit with a view to learn and benefit from each others experience. Minister Dar stated that both Pakistan and Indonesia could make joint efforts to enhance cooperation among Muslim countries in the field of audit, accounts and financial management. Chairman SAB welcomed the proposal. Both agreed that such cooperation could be pursued through the forum of OIC. Auditor General of Pakistan, Rana Assad Amin, senior officials of the Ministry of Finance and AGP office were present on the occasion. Italian delegation met with Finance Minister Finance Minister Senator Mohammad Ishaq Dar had a meeting with the visiting Italian business delegation here on Thursday. The delegation was led by Mr. Carlo Formosa, Dy. Director General, Italian Ministry of Foreign Affairs and included representatives of Bellelli Engineering, Electtronica, ENI, CNH, Finmeccanica, ICE, Mpaei, Beretta and SACE. The senior executives of these reputed Italian firms shared with the Finance Minister their plans for possible investment in different areas in Pakistan including automotive industry, oil and gas, agriculture, security and aviation sectors. It was informed that following the recent announcement of auto policy by the government, Italian automotive companies are keenly looking for investments options in the auto sector. ldquoPakistan has become fashionable in Italy, People have deep interest in visiting this country and explore investment opportunitiesrdquo, said Mr. Carlo Formosa. He said Italy has the desire to see resurgence of Italian brands in Pakistan. Finance Minister welcomed the investment plans of Italian companies and assured the members of the delegation of all possible cooperation and facilitation by the government. He expressed gratitude to the Italian Ministry of Foreign Affairs for the support and assistance provided for holding of Pakistan Trade amp Investment Forum in Italy earlier this month. He said that the Special Economic Zones offer multiple business opportunities, which the Italian companies could look into. There are also opportunities to relocate manufacturing from other areas and regions, where it was no longer competitive, he said. He mentioned areas of renewable energy, auto and agriculture machinery manufacturing and invited Italian businesses to explore them in detail. Minister Dar directed the Board of Investment, Ministry of Industries as well as Ministry of Petroleum and Natural Resources to maintain close liaison with the representatives of the Italian companies and provide them complete guidance for the purpose of investment in Pakistan. Finance Minister chaired the meeting of Laws Review Committee A meeting of the Laws Review Committee was held here Wednesday. Finance Minister, Senator Mohammad Ishaq Dar chaired the meeting. The Committee reviewed the present legal position regarding the investment regime governing inflow and outflow of capital in the country. The Committee noted that there was need for a detailed review of the relevant laws to bring them in line with the latest trends and international best practices. It was decided that the concerned Ministries authorities should carry out the necessary review and submit proposals, in the form of draft amendments, for consideration of the Committee. The review should aim at removing any loopholes or lacunae in the existing laws which enable windfall gains that are detrimental to public revenue. The meeting was attended by Federal Minister for Law amp Justice, Mr. Zahid Hamid, Minister of State for Information Technology, Anusha Rehman Khan, Special Assistant to Prime Minister, Khawaja Zaheer Ahmed, Special Assistant to Prime Minister on Law, Barrister Zafarullah Khan, Secretary to Prime Minister, Fawad Hassan Fawad and former Attorney General Mr. Salman Aslam Butt. High Commissioner of Australia called on Finance Minister Ms. Margaret Adamson, the High Commissioner of Australia called on the Federal Minister for Finance Senator Mohammad Ishaq Dar this afternoon. The Minister greeted the guest and said that Pakistan highly values its relationship with Australia. The Minister shared with the Australian High Commissioner the achievements and progress attained in the different economic sectors during the current tenure of the government. Ms. Adamson expressed that she had been impressed by the role played by the Ministry of Finance for the uplift of the economy and specially the expert management of the revenue collection system. The High Commissioner said that the efforts of the Government of Pakistan for the improvement of the economy have been acknowledged by all stakeholders including multilateral and bilateral development partners. The progress made by Pakistan with regard to the ongoing IMF program was also widely acknowledged and appreciated, she said. Ms. Adamson also discussed with the Minister, a proposal by the Government of Australia to provide assistance in research and data collection and service delivery techniques for the improvement of tax collection services in the country. The Finance Minister directed FBR to look into the proposal and suggest the way forward keeping in view the requirements of the country and the technicalities involved. The meeting was also attended by the SAPM on Revenue Mr. Haroon Akhtar, Chairman FBR Nisar Mohammad Khan and senior officials of the Ministry of Finance. Finance Minister chaired a meeting to review the progress with regard to revenue side of Budget 2018-17 The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting here today, to review the progress with regard to revenue side of Budget 2018-17. Chairman FBR, Nisar Mohammad Khan apprised the meeting that FBR has initiated extensive consultations with the representatives of various sectors of economy, with a view to develop proposals for Finance Bill 2018-17, which help the growth objectives of the industry and the government and at the same time maintain a healthy growth in government revenues. So far FBR has completed consultation with 24 organizations including FPCCI, SECP, Auto industry, marble industry, and discussed their proposals for the upcoming budget. The outcome of the consultative process will be submitted to the Finance Minister in the form of recommendations for budget 2018-17. The Chairman stated that FBR would continue to follow the basic principal of ldquoDifferential Taxationrdquo for filers and non-filers. He also briefed the meeting on the progress with regard to rolling back of the remaining SROs. Finance Minister appreciated the efforts of the FBR for undertaking wide ranging consultations and directed that other stakeholders may also be consulted before finalizing the recommendations for budget. He said that the revenue collection during the nine months of the current fiscal year was very encouraging and the positive momentum should continue into the next financial year, so that the tax to GDP ratio can be increased to the required level. SA to PM on Revenue Mr. Haroon Akhtar and as well as senior officers of FBR and Finance Division participated in the meeting. Finance Minister reviewed preparations for the Operationalization of PMIC The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired a meeting this morning at the Finance Division to review the preparations regarding the operationalization of Pakistan Microfinance Investment Company. Qazi Ahmad Isa, CEO of Pakistan Poverty Alleviation Fund, briefed the Minister that all the legal formalities associated with the Investment Company are being carried out in a transparent manner with the help of SECP. The work on Share Holderrsquos Agreement is almost complete, which will be signed by PPAF, DFIDKarandaaz and KFW in the near future. PPAF Board and General Body have approved the amendment in the PPAFs Memorandum amp Articles of Association and the SECP has also granted its approval. Mr. Isa also briefed the Minister that so far Pakistan Poverty Alleviation Fund has been achieving its targets on service delivery. PPAF has provided interest free loans to 151,000 borrowers under the PMIFL scheme. The Finance Minister appreciated the efforts of the PPAF team and directed that the work on operationalisation of PMIC be expedited and the remaining formalities of the shareholding agreement be completed immediately, so that it can be signed within the current month. He said that PMIC is an important initiative and it should be ensured that it becomes operational latest by 1st July, 2018. The Minister also directed the PPAF team to enhance the scope of their work for ensure financial inclusion of a those segments of population which are lagging behind in access to the financial services. The Minister assured the participants that the Government would continue to support the PPAF with the objective of poverty reduction and financial inclusion. The meeting was also attended by the senior officials of Finance and Economic Affairs Division. Delegation of International Centre for Integrated Mountain Development (ICIMOD) called on Finance Minister A 4-member delegation of International Centre for Integrated Mountain Development (ICIMOD) called on the Federal Minister for Finance Senator Mohammad Ishaq Dar. Mr. David Molden, the Director General of ICIMOD, briefed the Minister that ICIMOD is a regional organization engaged in providing technical assistance and sharing knowledge on climate issues and environmental stability. It serves eight regional member countries of the Hindukush Himalyas-Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan. The organization is based in Nepal. Climate change and other issues related with the environment have an increasing influence on the stability of fragile mountain ecosystems and livelihoods of the mountain people, Mr. Molden remarked. He said ICIMOD aims to assist mountain people to understand these changes, adapt to them, and make the most of the new opportunities while addressing upstream-downstream issues. The Finance Minister said that the government is according due importance to environmental protection and climate change issues and Pakistan will perform its due role at international fora on issues of climate change. The Finance Minister appreciated the efforts of ICIMOD and desired that the organization should co-ordinate with Ministries concerned for implementation of its projects in Pakistan. The meeting was attended by Ms. Marvi Memon, Chairperson BISP (Benazir Income Support Program) Mr. Neil Buhne, UN Resident Coordinator and other senior officials of Ministry of Finance, Economic Affairs Division, Ministry of National Food Security and BISP. Finance Minister chaired the 15th meeting of Parliamentary Committee on Electoral Reforms Finance Minister, Senator Mohammad Ishaq Dar chaired the 15th meeting of Parliamentary Committee on Electoral Reforms (PCER) at Parliament House. The Committee was informed that European Union Electoral Follow-up Mission, had submitted its final report, to the Chairman of the PCER, through the EU Ambassador on Saturday, 16th April, 2018. The Report was introduced in the Committee, which referred it to the Sub-Committee for review and appropriate action. The meeting took note of the matter regarding removal of Parliamentarians assets details from Election Commission of Pakistan (ECP) website. The Secretary ECP informed the Committee that the Commission had observed that posting of such details was not required by the law. The Members of the Committee unanimously recommended to the ECP that in the interest of transparency the assets details of the parliamentarians be posted back on the website at the earliest. The Committee also took note of the difficulties being faced by public due to blocking of their CNICs for various reasons and appointed a Sub-Committee under the Convenership of Mr. Aftab Ahmed Khan Sherpao, MNA to examine all complaints relating to blocked CNICs with a view to ensuring that these are regularized as early as possible. The Sub-Committee would present its report to the main Committee within a month. During the meeting 6th report of the sub-committee of PCER after their 55th meeting, was presented by Mr. Zahid Hamid. The meeting was informed that the draft of the unified electoral law as well as the related rules have been finalized, and currently are under final review. Once passed by the Parliament after due process, the unified election law and the rules will form the Election Manual. Finance Minister Ishaq Dar on the occasion thanked all the members for their active participation in the deliberations of the Committee and hoped that they would keep contributing their best for bringing improvement and transparency in the electoral system of the country. EU Envoy presented report of Follow Up Observation Mission to Finance Minister Finance Minister, Senator Mohammad Ishaq Dar received Mr. Jean-Franccedilois Cautain, the European Union (EU) Ambassador for a meeting here on Saturday. The EU Envoy on the occasion presented to the Finance Minister a report on findings of the EU deployed Electoral Follow Up Observation Mission regarding assessment of the electoral reforms process. The report contains recommendations of the Mission for improving the electoral process in Pakistan. It may be added that the EU Electoral Follow up Mission visited Pakistan in February 2018. It was led by Michael Gahler, Member of the EU Parliament who also led the 2008 and 2018 EU Election Observation Missions to Pakistan. The Finance Minister has accordingly called a meeting of the Parliamentary Committee on Electoral Reforms (PCER) on Monday where he would share the report presented by the EU Mission with members of the Committee as well as the PCER sub-committee for analysis of the recommendations. April 16, 2018 (PR No. 1581) Finance Minister chaired a meeting of the Laws Review Committee Finance Minister, Senator Mohammad Ishaq Dar here on Saturday chaired a meeting of the Laws Review Committee. The meeting had detailed discussion on the legislation which would now be placed before the Senate after passage by the National Assembly. Proposals regarding pending legislation in the pipeline were also discussed and finalized. The meeting discussed and finalized ToRs of the Inquiry Commission being set up in pursuance of the announcement made by the Prime Minister to this effect. The meeting also short-listed names of professionals for inclusion in the Inquiry Commission. Minister for Law and Justice, Zahid Hamid, Minister of State for IT, Anusha Rehman Khan, Attorney General Ashtar Ausaf Ali, Special Assistant to Prime Minister on Law, Barrister Zafarullah Khan and Secretary to Prime Minister, Fawad Hassan Fawad attended the meeting. April 16, 2018 (PR No. 1580) Claim by Deputy Minister of Panama regarding meeting with Finance Minister Ishaq Dar, baseless. The spokesman of the Ministry of Finance while referring to electronic media reports on Saturday said that the claim by Deputy Minister of Economy, of Panama, Mr. Ivan Zarak during a CNN interview that he met Pakistans Finance Minister in Washington, is baseless, unfounded and extremely surprising. The spokesman added that Finance Minister had cancelled his visit to Washington D. C. where he was scheduled to participate in the WBIMF Spring Meetings from 14-17 April, 2018. How could Ivan Zarak meet Finance Minister when the latter has not even left Pakistan in the last many weeks. Finance Minister is very much in Pakistan and performing his day to day duties, which are being covered by the media as well. Pakistans Finance Ministry is represented in World Bank IMF Spring Meetings, currently in progress, by Federal Finance Secretary, Dr. Waqar Masood Khan due to cancellation of visit by Finance Minister Mohammad Ishaq Dar. The matter is being taken up with the CNN for wrong reporting, the spokesman added. April 15, 2018 (PR No. 1579) Finance Minister chaired a meeting on matters relating to Telecom sector Finance Minister Senator Mohammad Ishaq Dar chaired a high level meeting on matters relating to Telecom sector with particular focus on frequency spectrum demand here Friday. The Minister of State for IT, Anusha Rehman Khan briefed the meeting on the spectrum demand scenario and the progress with regard to holding of spectrum auction. The meeting reviewed the spectrum demand scenario while considering the Market Assessment report of PTA prepared by international consultant and the evolving data growth due to mobile broadband uptake. In view of reports presented and discussions on Ministry of IT and PTArsquos recent engagement with the industry, it was proposed that auction of 850 MHz frequency may precede the auction of 1800 MHz. The Finance Minister agreed to the proposal and directed that the process may be expedited with complete transparency. It was also agreed during the meeting that an appropriate amount of spectrum needs to be made available to the industry to enhance the ever evolving requirement of international quality data services for Pakistani consumers. In this regard all stakeholders including MoIT, PTA and FAB will work together to quickly conclude further procedural measures for making requisite spectrum available through the auction process. Minister for Law amp Justice, Zahid Hamid, Attorney General for Pakistan, Ashter Ausaf, Special Assistant to Prime Minister on Law, Barrister Zafarullah, members of Spectrum Advisory Committee, and senior officials of Ministry of IT, Ministry of Finance, PTA and FAB also participated in the meeting April 15, 2018 (PR No. 1578) US Dy Secretary of State telephone called to Finance Minister US Deputy Secretary of State, Tony Blinken, called the Finance Minister Senator Muhammad Ishaq Dar on telephone this evening. Mr. Blinken expressed best wishes for Prime Minister Nawaz Sharif on behalf of Secretary of State, John Carry and on his own behalf. Finance Minister thanked him and stated that he would convey the sentiments expressed by him and Mr. Kerry to the Prime Minister. Mr. Blinken expressed that he was looking forward to meeting the Finance Minister on the sidelines of World BankIMF Spring Meetings in Washington and it was unfortunate that the Minister Dar had to cancel his visit. Finance Minister informed Mr. Blinken that he had to cancel the visit due to Prime Ministers urgent medical visit to the UK and he looked forward to a future opportunity for a meeting. Mr. Blinken also invited the Finance Minister to visit the US in June 2018 for the Business Opportunities Conference. Finance Minister thanked him for the invitation. Mr. Blinken sought support of the Government of Pakistan, for the Global Connect Initiative, launched by US President Barack Obama last year to complement efforts to achieve global connectivity targets under United Nations General Assemblys Sustainable Development Goals (SDGs). Finance Minister stated that the Government was supportive of the initiative and was already working on extending the internet coverage to all corners of the country. Mr. Blinken congratulated the Finance Minister on the successes achieved by Pakistan in the Zarb-e-Azb operation. Finance Minister stated that the all the national institutions were committed to take the campaign against terrorism and extremism to its logical conclusion. United States Special Representative for Afghanistan and Pakistan, Ambassador Richard Olson also called the Finance Minister on phone and expressed his best wishes for the health of Prime Minister Nawaz Sharif. Finance Minister thanked Ambassador Olson for his sentiments, which he said will be conveyed to the Prime Minister. April 15, 2018 (PR No. 1577) 5-member Committee to oversee admin matters of Kidney Hospital Federal Minister for Finance, Senator Mohammad Ishaq Dar chaired a meeting here Friday to review the progress of Nawaz Sharif Kidney Hospital, Swat. The Minister was informed that most of the matters regarding complete operationalization of the hospital have been settled and OPD operation already been started. The Minister directed for formation of an operationalization committee comprising five members with Secretary EAD as its Chairman to look after the affairs of the hospital. The committee will also look into all the administrative matters till the formal launching of the hospital expected at the end of this month. The Minister directed senior officials of the PIMS, Islamabad to extend all possible support to the new hospital in terms of making available the specialists and other related matters. The Minister appreciated services of all those who were contributing their best to complete the hospital project in a transparent manner. The poor and the needy will benefit from the services offered by the hospital, the Minister remarked. Health Minister KP, Mr. Shahram Khan Tarkai thanked the minister for setting up a significant health project in KP for benefit of the most deserving in remote areas. Finance Minister chaired a meeting to review the progress of work on the Kohsar Block (New Pak Secretariat) project The Finance Minister here on Thursday chaired a meeting to review the progress of work on the Kohsar Block (New Pak Secretariat) project. The meeting was informed that Civil Work of main building and 85 external development Works are completed and remaining work is in progress. The meeting was apprised that HVAC and lift work is also being undertaken. Necessary arrangements are afoot for securing power supply to the building, the meeting was informed. Finance Minister emphasized completion of HVAC work and installation of lifts on priority and said that all systems should be up and ready by close of December 2018. He said the Kohsar Block would help accommodate scattered government offices, departments under one roof, not only facilitating the general public but also helping to make significant savings under the head of building rent. The Minister also on the occasion directed that Finance Division and Planning amp Development Division to extend maximum facilitation for completion of all necessary works. The 9-storey Kohsar Block with ground floor and two basements, having covered area of 7,69,200 sqft will be the largest office building in the federal capital when completed. Secretary Housing and Works, DG Pak PWD and senior officials of Planning and Development Division and Finance Ministry attended the meeting. Former Vice Prime Minister of Italy and Deputy Chief of ENI met with Finance Minister Mr. Lapo Pistelli, former Vice Prime Minister of Italy and current Vice President of ENI, reputed Italian oil and gas company, called on Finance Minister, Senator Mohammad Ishaq Dar here Wednesday. He was accompanied by Italian Ambassador, Stefano Pontecorvo. Mr. Lapo Pistelli apprised the Minister about ENI teamrsquos interaction with senior officials of the Ministry of Petroleum and Natural Resources and Ministry of Water and Power to explore investment opportunities in Pakistan. Mr. Lapo Pistelli, it may be mentioned, along with members of his delegation had also met Finance Minister on Tuesday. The Minister had formed a group comprising ENI delegation, Ministry of PampNR and Ministry of Water amp Power officials to discuss various matters about investment projects. The group held its discussions accordingly and shared its report with the Finance Minister Wednesday. Mr. Lapo Pistelli said he was pleased to interact with Pakistani officials and found a positive feeling for forging a sound bilateral investment cooperation. He said ENI has keen interest to take up projects in the fields of LNG, Solar power and oil amp gas exploration. He said concrete proposals in this regard would be shared with the Pakistan side as early as possible. Mr. Lapo Pistelli appreciated the support and cooperation he received from the Finance Minister and his team for facilitating his interaction with various high officials in a short time. Finance Minister Ishaq Dar said that in view of Governmentrsquos increased focus on economic growth it was his desire to fully encourage foreign investment in Pakistan which was a major driver of growth. He said he looked forward to enhanced ENI presence in Pakistan in terms of investment in different projects. He assured Mr. Lapo all possible support and cooperation in this regard. Senior officials of the Ministries of Finance, Petroleum amp Natural Resources and Water amp Power attended the meeting. Vice President of Italian oil and gas company ENI called on Finance Minister Mr. Lapo Pistelli, Vice President ENI, reputed Italian multinational oil and gas company called on Finance Minister, Senator Mohammad Ishaq Dar here Tuesday. Italian Ambassador H. E Stefano Pontecorvo accompanied Mr. Lapo Pistelli on the occasion. They had discussion with Finance Minister on matters relating to investment in Pakistan. Minister Dar gave a brief overview of the economy to the visiting delegation and said Pakistan was now fully focused on the path to economic growth where investment had a major contribution to make. He apprised the Deputy Head of ENI about the investment plans of Chinese, Saudi and Qatar companies and said Italian investors were welcome to explore and avail business opportunities in Pakistan in various fields including the energy sector. He said the government offered a liberal investment regime and fully encouraged foreign investors to make investment in Pakistan. ENI Vice President on the occasion said that the company engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity, fuels and chemical products. He briefed the Finance Minister about the various projects undertaken by ENI and evinced keen interest in business and investment opportunities in Pakistan. The Finance Minister said all foreign investors would be fully facilitated in undertaking investment activities in Pakistan. Senior officials of the Finance Division, Economic Affairs Division and Water and Power attended the meeting. Finance Minister held a meeting with delegation of FPCCI at the FBR headquarters Finance Minister Senator Mohammad Ishaq Dar here on Monday held a meeting with delegation of FPCCI at the FBR headquarters. The FPCCI delegation gave a detailed briefing on their tax proposals for Budget 2018-17. The Finance Minister said that the PML(N) government will continue its tradition of consulting the stakeholders before making important decision. He said that proposals given by representatives of the Chambers of Commerce and Industry, business community, traders bodies and other stake holders would be accorded due consideration. The meeting also had a review of the mechanism for tax refunds on the occasion. Finance Minister Ishaq Dar stated that government is highly appreciative of the contribution of traders and business community towards strengthening of national economy. They should keep playing their due role in revenue generation and promotion of tax culture, he added. The Minister said that with continued efforts rate of revenue growth has risen to 19.7 under the present government while it ranged between 2.5 to 3.0 before it assumed responsibilities. Government shall keep up its efforts for consolidation of the economic gains it has made and focus on economic growth, he said. Special Assistant to Prime Minister on Revenue Division, Haroon Akhtar, senior officials of the Ministry of Finance and FBR attended the meeting. April 11, 2018 (PR No. 1571) Delegation of Qatar Investment Authority (QIA) held a meeting with Finance Minister A delegation of Qatar Investment Authority (QIA) led by Sheikh Abdulaziz Bin Ali Thani, Acting Head of Business Development Department of QIA held a meeting with Finance Minister, Senator Mohammad Ishaq Dar here Monday. Finance Minister briefed the delegation about investment opportunities in Pakistan and shared with them details of various options that the QIA could follow to forge cooperation with GoP for undertaking investment. These included establishment of Pak-Qatar Investment Company, participation by QIA in Pakistan Infrastructure Development Fund, as well as undertaking projects independently in other sectors. The Minister said that Pakistan has recently entered into an agreement with Qatar for import of LNG. He also mentioned about the 3600 MW LNG based projects where General Electric is supplying necessary equipment. The Minister also added that Saudi investors have plans in taking up projects in the field of petrochemicals and oil refineries. The Minister said there were good opportunities for QIA to come to the fore and have its share of investment. Leader of the Qatar delegation Sheikh Abdulaziz Bin Ali Thani said QIA would consider the different options available for making investment in Pakistan. He said the brotherly ties between Pakistan and Qatar serve as a good foundation for developing such cooperation. He thanked the Minister for welcoming the delegation. April 11, 2018 (PR No. 1570) Finance Minister chaired a meeting of ECC The ECC of the Cabinet in its meeting chaired by Finance Minister, Senator Mohammad Ishaq Dar here on Monday considered and approved five different proposals relating to the energy sector. The ECC considered the proposal for Implementation of North South Gas Pipeline Project under Government to Government Agreement with Russia and approved it. ECC also constituted a price negotiation committee consisting of Secretary PampNR, Secretary Law, Secretary BoI, Representative of Finance Division, MD SNGPL and MD ISGS to negotiate the project details and pricing with the Russian side. The ECC also considered the proposal on Re-structuring of Gwadar-Nawabshah LNG Terminal and Pipeline Project and approved implementation of the project on BOOT basis. The ECC also directed the Ministry of PampNR to complete all codal formalities and directed that it must be ensured that the revised strategy does not result in any cost escalation. It was further decided that Secretary PampNR will chair the Price Negotiation Committee, while Secretary Law, Secretary BoI, representative of Finance Division, MD SNGPL and MD ISGS shall be members of the Committee. The ECC had detailed discussion on proposal submitted by the Ministry of Water amp Power and accorded approval of issuance of Sovereign guarantee by Ministry of Finance in respect of syndicated term finance facility amounting to Rs. 25.00 billion for the power sector. The ECC considered the proposal of Ministry of Petroleum and Natural Resources on LPG Air Mixture Projects and decided that in view of CCI approval accorded on 29th February regarding LPG Policy 2018, any further approval from ECC was not required in the matter. Now it was up to OGRA to implement the approved Policy in letter and spirit. On another proposal submitted by the Ministry of Water amp Power ECC accorded approval for non-cash settlement of Rs. 70.167 billion in respect of power sector payablesreceivables among various government entities. Finance Minister chaired a meeting with FBR to review progress of withdrawal of concessionary SROsTax exemptions Finance Minister Senator Ishaq Dar here Saturday held a meeting with senior officials of FBR to review progress of withdrawal of concessionary SROsTax exemptions. Chairman FBR briefed the meeting about the third and final phasing out plan for withdrawal of concessionary regime under the head of Income Tax. Earlier last month a meeting held at FBR had discussed the phasing out plan in respect of Sales Tax, Federal Excise Duty and Customs. The meeting Saturday morning was informed that in fiscal year 2018-15 Rs. 105 billion worth of SROs and exemptions were withdrawn while in 2018-16 this amount stood at Rs. 120 billion. The third and final phase would be implemented in the FY 2018-17.Finance Minister appreciated FBRrsquos efforts for roll back of concessionary SROs and exemptions as envisaged by the present Government in 2018. The Minister while appreciating the steps taken for revenue generation in the first nine months called upon FBR officials to keep up the good efforts for even better results during the last quarter to meet the target set for FY 2018-16. Preparations for participation in World BankIMF spring meetings reviewed Finance Minister, Senator Mohammad Ishaq Dar here on Saturday chaired a briefing session to review preparations for participation of Pakistanrsquos delegation in the World BankIMF spring meetings being held in Washington from 15-17 April 2018. Secretary EAD on the occasion gave a detailed presentation about the various meetings, seminars and dialogues being organized during the annual event, which is attended by Finance Ministers, Central Bank heads, and top officials of finance amp economy related departments, from around the world. Schedule of Finance Ministerrsquos engagements during his stay at Washington was also reviewed and finalized. During the visit Finance Minister will also represent Pakistan at the Global Connect Initiative (GCI) event, which is being co-hosted by President WB and US Secretary of State. He will also visit the Woodrow Wilson Center for a talk on the growth strategy of Pakistan. The Minister will meet senior US leadership, Finance Ministers of other countries as well as heads of important international organizations on the sidelines of the World BankIMF meetings in Washington. Senior officials of Finance Division and EAD attended the meeting. Finance Minister held a meeting with Country Director World Bank Finance Minister, Senator Mohammad Ishaq Dar here on Wednesday held a meeting with Country Director World Bank, Pochumuthu Illangovan and other senior World Bank officials to review progress of World Bank supported Development Policy Credit for Equitable Growth besides having discussion on current portfolio of World Bank projects in the country. Finance Minister said that the government highly appreciated the contribution of the World Bank for various development projects and added that the recent visit by the World Bank President to Pakistan had helped renew the spirit to foster Pak-World Bank cooperation. He said Pakistan is stepping up to a higher level of growth and better opportunities for its people for economic prosperity as envisioned by the leadership. He said the Government after having achieved macroeconomic stability is actively pursuing economic growth and employment generation. The Minister added that he looked forward to attending the World Bank-IMF Spring meetings in Washington where he would have detailed exchange of views with the senior World Bank officials on financing for future programmes for Pakistan. Mr. Pochumuthu Illangovan said the World Bank would continue to finance different projects in Pakistan and that he looked forward to further strengthening Pak-World Bank cooperation in future. Senior officials of Finance Division and Economic Affairs Division were also present. FBR collects Rs. 2103 Billion to register 19.7 revenue growth Federal Finance Minister, Senator Mohammad Ishaq Dar held a meeting here on Tuesday to review performance of Revenue DivisionFBR and Finance Division in the first nine months of the current fiscal year. Mr. Haroon Akhter Khan, Special Assistant to Prime Minister on Revenue Division and Secretaries of the Finance and Revenue Divisions were present during the meeting. The meeting noted that Federal Board of Revenue has continued to display exceptional performance in the third quarter as well and has clocked an unprecedented revenue collection of over 2103 billion for the first nine months of fiscal year by recording an increase of around 19.7 of the revenue collected during the corresponding period of last fiscal year. Chairman FBR, Nisar Muhammad Khan informed that impressive growth in revenue has been achieved despite a massive decrease in fuel prices, persistent recessionary trends in global economy, drop in commodity prices and low inflation. The 19.7 revenue growth also reflects a qualitative improvement as for the first time in many years, revenue targets have not been revised downward throughout this fiscal year and so far the revenue generation remains steady and in some areas better than initial projections. During the quarter ending March, 2018, according to the provisional figures received so far, FBR has made a net collection of around Rs.718 billion as against Rs.588 billion collected during third quarter of 2018-15, showing an increase of 22.1. The revenue collection trend during the first nine months of the financial year, the meeting noted, augurs well for the efforts of FBR towards achievement of the annual assigned revenue targets. Details of Revenue collection FY 2018-16 (up to March ):Rs. in Billion Finance Minister commended efforts of SAPM on Revenue, Mr. Haroon Akhtar Khan, Chairman Nisar Mohammad Khan and his whole team for impressive revenue collection. He expressed the hope that FBR shall keep up its good performance in the last quarter. Secretary Finance Division, Dr. Waqar Masood Khan informed that targets for Net International Reserves, Net Domestic Assets and SWAP were achieved for the third quarter and performance criteria for the quarter has been achieved. As regards other economic targets, the data for the same is being compiled, he added. Finance Minister directed that the exercise in this regard should be completed within a week. Delegation of Turkish Court of Accounts (TCA) called on Finance Minister A delegation from the Turkish Court of Accounts (TCA) comprising senior officers headed by Deputy President - TCA, Mr. Orhan Yasa, called on Senator Muhammad Ishaq Dar, Finance Minister, here Monday. Rana Asad Amin-Auditor General of Pakistan was also present. Mr. Muhammad Ishaq Dar, while talking to the visiting delegates, stated that Pakistan has always attached great importance to its relations with Turkey. Pakistan and Turkey are brotherly Islamic Countries and have always enjoyed cordial relations, the Finance Minister added. The Finance Minister observed that owing to the similar nature of functions and responsibilities and being potential regional partners, the Auditor General of Pakistan and Turkish court of Accounts should establish close liaison and support each other on all international fora. Mr. Ishaq Dar praised the initiative of the Turkish government to arrange a study visit for the senior management of the SAI Turkey. The Minister was of the view that such visits may enhance the level of technical and professional cooperation of the respective SAIs. Mr. Muhammad Ishaq Dar, while drawing parallels between the Supreme Audit Institutions (SAIs) of both Pakistan and Turkey, said the both the SAIs are apex institutions viz-a-viz public accountability and transparency, and derive their independence and strength from their respective constitutions. Both the SAIs provide timely and reliable feedback to improve governance amp strengthen accountability and act as a partner in achieving Good Governance in their own countries, he added. The Finance minister opined that both SAI Pakistan and SAI Turkey are the members of International Organization like INTOSAL, ASOSAI and ECOSAI and can benefit each other through mutual exchange of professional knowledge amp experience, besides, cooperation in multilateral international bodies, bilateral relations at the SAI level can help both the countries translate common challenges faced by them into opportunities, he added. Mr. Orhan Yasa on the occasion said that visit to Pakistan was a great learning experience for the member of his delegation in the spheres of accounts and audit. The quality of work they had witnessed in AGP office was impressive. Such study tours should be held frequently, he said. Delegation of National Management College called on the Finance Minister A delegation of National Management College called on the Finance Minister Senator Mohammad Ishaq Dar here on Tuesday. The delegation included Rector NSPP, Ismail Qureshi, members of NMC faculty and Participants of the 104th National Management Course. Speaking on the occasion, the Finance Minister said the government having successfully attained macro-economic economic stability and re-engagement of international financing institutions was now firmly pursuing the goal of economic growth and employment generation. The Minister said apart from due focus on economy, the government had also paid full attention to development of energy sector to alleviate the problem of energy shortage in the country. It has given due focus also on anti-terrorism operation to ensure a peaceful and secure environment which is key to ensure economic progress. Ishaq Dar also mentioned about governments efforts for strengthening the social security network. He said all the macro-economic indicators were positive, forex reserves stood at over 20 billion dollars, inflation rate was under 3, there was 18 growth in revenue generation during the current fiscal year and it was all set to achieve the revenue target set for 2018-16. He said the government was determined to achieve 6 to 7 percent growth rate within its tenure. The Minister on this occasion also stated that the government had made payments for the US500 million Eurobond which was actually issued in 2006 in Musharraf era. Countryrsquos external debt thus also stands reduced by US 500 million Eurobond. He also briefly touched upon countryrsquos debt profile and said some vested interests were maligning public opinion against the government by portraying a fabricated picture of the debt situation. The Minister wished all the participants success in the training course and said they had an important role to play in the countrys economic development and social uplift. Earlier, Special Secretary Finance, Dr. Shujaat, Economic Advisor S. Ejaz Wasti and Director General, Economic Reforms Unit, Dr. Khaqan Hasan Najeeb gave presentations to the visiting delegation about the working of the Ministry of Finance and budget making process. Senior officials of the Finance Division also attended the meeting. Finance Minister chaired a meeting of ECC The Economic Coordination Committee of the Cabinet (ECC) in its meeting chaired by the Finance Minister, Senator Mohammad Ishaq Dar here on Monday considered and approved various proposals submitted by Ministries Divisions. ECC considered and approved proposal of Ministry of National Food Security and Research for public sector procurement of wheat crop 2018-16. It was decided that 7.05 million tons of wheat will be procured by all the four provinces and PASSCO till 31st of August 2018. ECC approved Ministry of Water and Powerrsquos proposal regarding provision of GoP guarantee to open second Letter of Credit for setting up two 1000-1200 MW projects at Haveli Bahadur Shah, distt Jhang and Balloki, distt Kasur. The ECC on a proposal from the Federal Board of Revenue accorded approval to extend the period for reduced withholding tax rate of 0.4 on banking transactions by non-filers till 30th April 2018. On a proposal of Ministry of Petroleum, the ECC approved allocation of 100 MMCFD gas to the Govt. of KP for use in power generation, either at its own or through partnership with the private sector. The proposal was based on the MOU recently signed between the Federal Government and the Provincial Government. On a proposal submitted by the Ministry of Water amp Power regarding executing the Power Purchase Agreement by CPPA-G pertaining to imported RLNG based power projects, the ECC accorded approval to authorize CPPA to develop and execute the PPA for the three RLNG based power projects in the Public Sector. The ECC considered and approved a proposal submitted by the Ministry of Water and Power regarding extension in grace period by Bank Alfalah under term finance facility from two years to four years in respect of Power Holding (Pvt) Limited. Consequently tenure of the facility shall stand extended up to seven years. ECC considered and approved proposal from the Ministry of Petroleum and Natural Resources regarding extension in certain deadlines under Policy Framework for Up-gradation and Expansion of Refinery Projects. Finance Minister chaired a meeting to review performance of SUPARCO Finance Minister, Senator Mohammad Ishaq Dar here on Friday chaired a meeting to review overall working and performance of Pakistan Space and Upper Atmosphere Research Commission (SUPARCO). DG SPD, Lt. General Mazhar Jamil briefed the Finance Minister about role of SUPARCO and the services provided by the organization to other public and private institutions for various scientific and socio-economic development purposes. Chairman Suparco, Major General Qaiser Anees Khurram gave a detailed briefing on the ongoing and future projects and programmes of SUPARCO. The meeting was informed about the research projects undertaken by SUPARCO and the studies it has conducted based on the applications of Satellite Remote Sensing (SRS) data and Geographic Information System (GIS) technology besides the work done for natural resources surveying, mapping and environmental monitoring. The meeting was also apprised that SUPARCO has undertaken research studies in space and atmospheric sciences including satellite meteorology, satellite radiance, tropospherestratosphere studies, atmospheric pollution, and astronomy. Besides conducting RampD work the organisation has a strong element of international cooperation in its space development programme. It enjoys the permanent membership of several International Organizations, Institutes, Scientific Committees, United Nations Bodies etc. for cooperation in scientific and technical information, provision of data, training, collaborative studies and joint organisation of conferencesamp seminars etc. Financial requirements of various future projects of SUPRACO were also discussed in detail. Finance Minister, Senator Ishaq Dar appreciated SUPARCO for its splendid work in space and upper atmosphere research. He said the government would extend all possible support for the organisations development programmes. Senior officials of the Ministry of Finance, SPD and SUPARCO attended the meeting. Defamation suits filed against CEO, Anchorperson of ARY A spokesman for the Finance Minister, Senator Muhammad Ishaq Dar said here Friday that the Minister has filed defamation suits against Mr. Salman Iqbal, CEO ARY Communications and Dr. Shahid Masood, Anchorperson ARY news channel and demanded payment of damages and public apology for damages on account of defamatory telecasts. The suits, the spokesman added, have been filed in the Court of District Judge, Islamabad, West, under the Defamation Ordinance 2002, for libelous, slanderous and defamatory statements made against the Finance Minister in ARY TVs show Live with Shahid Masood on 20 February, 2018. The spokesman further said that the Finance Minister has sought a decree against Salman Iqbal and Shahid Masood for payment of Rs 1 billion each, as the damages on account of the defamatory telecasts and publications. It may be recalled that the Finance Minister had served legal notices on the two individuals more than two weeks ago, seeking their apology for the defamation. However, they did not make amends or furnish reply to the notices, leading to filing of the two separate suits in the Court. Pakistans Debt: Putting the record straight By Senator Mohammad Ishaq Dar Click here for details 02-02-2017 Trainers Training on Promotion of Self-Employment Skill Development Click here for details 31-01-2017 Finance Minister announced new petroleum prices Click here for details 31-01-2017 Governor Punjab called on the Finance Minister Click here for details 31-01-2017 Finance Minister chaired the meeting of ECC Click here for details 30-01-2017 SAARC Chamber of Commerce Industry Delegation called on Finance Minister Click here for details 30-01-2017 Finance Minister sends Legal Notice to BOL News Channel Click here for details 28-01-2017 Finance Minister chaired a meeting on Debt Management Click here for details 27-01-2017 Finance Minister chaired a meeting of stakeholders to review the actions relating to the Anti-Money Laundering Click here for details 27-01-2017 Finance Minister chaired a meeting of the Cabinet Committee on Privatisation (CCoP) Click here for details 26-01-2017 Finance Minister chaired a meeting to review matters related to Pakistan Steel Mills Click here for details 26-01-2017 Finance Minister chaired 11th meeting of the Governing Council of Pakistan Bureau of Statistics Click here for details 26-01-2017 Finance Minister Meeting with World Bank Group CEO Click here for details 25-01-2017 Finance Minister holds A meeting with IFC Click here for details 25-01-2017 Finance Minister chaired the meeting of ECNEC Click here for details 24-01-2017 Finance Minister chaired the meeting to review World Banks portfolio in Pakistan Click here for details 24-01-2017 Finance Minister congratulates on successful launch of Ababeel missile Click here for details 24-01-2017 Finance Minister chaired a meeting to review matters related to Privatization Click here for details 23-01-2017 Finance Minister chaired a meeting on Corporate Reforms Click here for details 23-01-2017 Finance Minister chaired a meeting of ECC Click here for details 22-01-2017 Finance Min ister chaired a meeting on infrastructure project financing Click here for details 21-01-2017 Finance Minister called on the Prime Minister AJK Click here for details 21-01-2017 US Ambassador H. E. David Hale called on the Finance Minister Click here for details 19-01-2017 Pakistans Executive Director in the World Bank called on the Finance Minister Click here for details 19-01-2017 Finance Minister chaired inter-ministerial meeting to discuss matters relating to Indus Waters Treaty Click here for details 19-01-2017 Vacancy Announcement - PresidentCEO, National Bank of Pakistan Click here for details 18-01-2017 Dr. Muhammad Irshad (Member FBR) look after the work of Chairman FBR Click here for details 18-01-2017 British American Tobacco delegation called on Finance Minister Click here for details 18-01-2017 Finance Minister chaired the meeting of ECC Click here for details 17-01-2017 Civil Defence Specialist Instructors (Casualty Service) Course Click here for details 17-01-2017 Finance Minister chaired meeting to review Macroeconomic Framework Click here for details 17-01-2017 Problems faced by the Pensioners in SanctionDrawl of Pension Click here for details 16-01-2017 Civil De fence Specialist Instructors (Rescue Service) Course Click here for details 16-01-2017 Commander US Central Command, General Joseph Votel called on the Finance Minister Click here for details 16-01-2017 Finance Minister chaired a meeting to review the demandsupply situation of fertilizer Click here for details 14-01-2017 Finance Minister commends National Savings on Membership of Automated Clearing System Click here for details 13-01-2017 Finance Minister chaired a meeting to review 6-month performance of FBR Click here for details 13-01-2017 Finance Minister chaired a meeting of the Law Review committee Click here for details 12-01-2017 Google Director Ms. Ann Lavin called on the Finance Minister Click here for details 11-01-2017 Finance Minister chaired 4th meeting of NFIS Council Click here for details 11-01-2017 Finance Minister meeting with Governor SBP Click here for details 11-01-2017 Finance Minister chaired a meeting of ECC Click here for details 11-01-2017 Workshop on Compete ncy Management in the Public Sector Organizations Click here for details 10-01-2017 Finance Minister chaired a meeting regarding Pakistans investment climate and exports Click here for details 09-01-2017 Courses and Seminar at the IMF Singapore Regional Training Institute (STI) Click here for details 07-01-2017 PRSP Budgettary Expenditure of FY 2018-15 and FY 2018-16 Click here for details 07-01-2017 Corrupt persons to stand Permanently Disqualified from holding Public Office or from being a Government Servant Click here for details 06-01-2017 Finance Minister chaired a meeting of National Price Monitoring Committee Click here for details 06-01-2017 Finance Minister chaired a meeting of ECC Click here for details 05-01-2017 Finance Minister Conducts Computerized Balloting for Audit for Tax Year 2018 Click here for details 05-01-2017 Finance Minister urged stronger enforcement of AMLCFT Laws in Pakistan Click here for details 05-01-2017 Finance Minister Emphasized the Need for Early Pro mulgation of the New Company Law Click here for details 04-01-2017 Grant of M. Phil Allowance Rs. 2500- per month Click here for details 04-01-2017 Finance Minister chaired a meeting to review Tarbela Dam 5th Extension Hydro-power Project Click here for details 04-01-2017 Acting US Ambassador pays courtesy called on the Finance Minister Click here for details 04-01-2017 Rate of Mark-up chargeable on Development Loans and Advances by the Federal Government for the FY 2018-16 Click here for details 03-01-2017 Finance Minister chaired a meeting to review matters related to Privatization Click here for details 02-01-2017 Finance Minister chaired a meeting to review economic performance Click here for details 02-01-2017 Finance Minister addressed at the IT Ministry Function Click here for details 31-12-2018 Finance Minister Announced New Petroleum Prices with Effect From 1st January 2017 Click here for details 31-12-2018 Governor State Bank called on the Finance Minister Click here for details 31-12-2018 British High Commissioner called on the Finance Minister Click here for details 30- 12-2018 U. S. Secretary of State telephone called to the Finance Minister Click here for details 30-12-2018 US Ambassador H. E. David Hale called on the Finance Minister Click here for details 29-12-2018 Finance Minister chaired a meeting to review progress on the implementation of National Financial Inclusion Strategy (NFIS) Click here for details 28-12-2018 Finance Minister chaired a meeting to review proposals of the AJK Council for AJK Budget 2018-17 Click here for details 28-12-2018 Finance Minister chaired a meeting of ECC Click here for details 27-12-2018 Finance Minister chaired Law Review Committee meeting Click here for details 26-12-2018 Naval Chief of Staff called on Finance Minister Click here for details 26-12-2018 Ministry of Finance Dispels Demonetization Rumors Click here for details 25-12-2018 Finance Minister takes notice of the fraud in National Bank of Pakistan Click here for details 25-12-2018 Finance Minister chaired a meeting to review matters related to SECP Click here for details 25-12-2018 Finance Minister chaired a meeting to review the measures taken by FBR on increasing the direct collection of taxes Click here for details 24-12-2018 WB delegation hold a meeting with Finance Minister Click here for details 24-12-2018 Finance Ministers letter to the President of WB on IWT Click here for details 23-12-2018 01-Day Training Course under ISFD Project Click here for details 23-12-2018 Finance Minister chaired a meeting to review matters related to Pakistan-China JCC Click here for details 23-12-2018 Finance Minister chaired a meeting on development policy credit for growth Click here for details 22-12-2018 Finance Minister chaired a meeting on macroeconomic indicators Click here for details 21-12-2018 Finance Minister chaired First Meeting Of The E-Commerce Policy Board Click here for details 21-12-2018 Finance Minister chaired a meeting with a delegation of the Lahore Chamber of Commerce and Industry Click here for details 21-12-2018 Finance Minister chaired a meeting to review financial matters pertaining to the upgradation of Pakistan Railways Click here for detail s 20-12-2018 Call for nominations for Training Courses at STI Civil Defence Relief Camp Management Course Click here for details 20-12-2018 Finance Minister chaired the meeting of ECC Click here for details 20-12-2018 Finance Minister chaired the meeting of ECNEC Click here for details 20-12-2018 Finance Minister chaired the 20th Meeting of PCER Click here for details 19-12-2018 Finance Minister chaired the 3rd meeting of the 9th National Finance Commission (NFC) Click here for details 18-12-2018 Appointment of Member, Competition Commission of Pakistan (CCP) Click here for details 16-12-2018 Finance Minister chaired a meeting to review matters related to Economic Affairs Division Click here for details 15-12-2018 Training - Civil Defence General Instructions Click here for details 15-12-2018 Finance Minister inaugurated F-9 Park Solar Lighting Project Click here for details 15-12-2018 Finance Minister chaired the meeting of ECC Click here for details 15-12-2018 Managing Director of P ak Suzuki Motors Mr. Hirofumi Nagao called on the Finance Minister Click here for details 14-12-2018 Finance Minister chaired a meeting on AML (Anti-Money Laundering) Click here for details 14-12-2018 Finance Minister chaired a meeting with Chairman SECP and his team Click here for details 14-12-2018 Finance Minister chaired the meeting to review the measures to attract FDI and improve local investment in the country Click here for details 13-12-2018 Revision of Management Grades (MP-I, MP-II, MP-III) and grant of Adhoc Relief Allowance - 2018 Click here for details 13-12-2018 Revision of Management Position Scales (MP-I, MP-II, MP-III) Click here for details 13-12-2018 Finance Minister chaired the meeting on matters related to Finance Division Click here for details 13-12-2018 Promotion of Islamic Banking in Pakistan Click here for details 13-12-2018 Finance Minister chaired the meeting of ECC Click here for details 13-12-2018 Rejoinder - Responding to News Item ADB stalls 300 million loan tranche over delayed reforms by Shahbaz Rana appreared in Express Tribune on 11th December, 2018 Click here for details 10-12-2018 President AJK met with Finance Minister Click here for details 10-12-2018 Finance Minister met with French Counterpart in Paris Click here for details 10-12-2018 Governor State Bank called on the Finance Minister Click here for details 09-12-2018 Finance Minister Holds Bilateral with CEO of French Development Agency (AFD) Click here for details 08-12-2018 Finance Minister held bilateral meeting with Secretary General,(OECD) in Paris Click here for details 07-12-2018 Finance Minister expressed grief over PK-661 Crash Click here for details 06-12-2018 Finance Minister attended the closing session of the 75th Anniversary celebrations of French Agency for Development (AFD), France Click here for details 06-12-2018 Finance Minister received a telephone call from Ms Catherine A. Novelli, Under Secretary of State for Economic Growth, U. S. State Department Cl ick here for details 06-12-2018 Rebuttal - Reference to news item published in Ausaf dated 28-11-2018 titled US 3 billion additional debt in 4 months, inflation rising Click here for details 05-12-2018 Finance Minister will attend OGP Summit, AFD moot hold Bilateral Meetings in France Click here for details 05-12-2018 Rebuttal - Reference to news item published in Daily Duniya dated 21-11-2018 titled Government borrowed Rs. 8,000 billion, total debt crossed Rs. 22,000 billion in 3 years Click here for details 05-12-2018 Rebuttal - Reference to news item published in Daily Jinnah dated 22-11-2018 titled Total Debt crossed Rs. 22,000 billion Click here for detailsFauzia Shamshad CEO at Media Axis, started her career at the age of 17 years as a Medical rep for Wyeth lab, Pakistan for RawalPindi Islamabad. Later got the opportunity to work as a Media Executive for a leading advertising agency of UAE. A business school graduate. experience includes at national and international level marketing of print and electronic media. head of Dept in Data communication company. Life took turns and Fauzia landed the position of Account Director at the prestigious firm, Manhattan Leo Burnett where she made landmark qualitative contributions through her exposure and diverse knowledge Made affiliation with Starcom and set up the operation and headed the company for 3 years. Set up Media Axis and built repute as an upcoming professional outfit by getting on board clients MNCs and Local Clients. Pioneer in Pakistan of initiating and setting up Media Planning and Buying concept making use of media optimizing tools and research focused planning. She gained experience overtime in Marketing Sales, Customer Services, Media. Setting up operations from scratch for Customer Services, Client relations, PR and setting up new operations has become her forte. Her insight and experience makes her an amazing leader and she leads by example and influences her entire team to work with dedication and honesty. Her firm belief in empowering employees and encouraging them to take mature decisions ripples a positive effect through the entire organization. Mr. Ekhlaq Ahmed, EVP is the Company Secretary of National Bank of Pakistan and also the Secretary of Credit amp Operations Committees. He is M. A. (Economics) from Rajshahi University, Bangladesh (former East Pakistan). He is a Diplomaed Associate Institute of Bankers, Pakistan (DAIBP) and secured overall 1 st position in order of merit and won Muslim Commercial Bank Prize in the subject of 8220Foreign Trade amp Foreign Exchange8221. He is an Associate of Institute of Corporate Secretaries of Pakistan (ACIS). He is also a 8220Certified Director8221 on the panel of Pakistan Institute of Corporate Governance (PICG) since November, 2007. Mr. Ekhlaq Ahmed is the first senior executive of the Bank who has achieved the status of 8220Certified Director8221. He participated in Company Secretaries Conferences 8211 2006 amp 2007 at Kuala Lumpur, Malaysia. He has attended various other training programs seminars on management and Internal Audit at domestic and international locations. He started his career as a SBP Trainee and possesses 38 years domestic and International banking experience including 14 years as internal auditor. He has conducted audit of Banks 20 overseas branches Regional Offices. He has 3 years experience as Company Secretary. Abdul Hafeez Pirzada BSc. LL. D, Barrister and Senior Advocate Supreme Court is a third generation Barrister of Lincoln8217s Inn. He began practicing in the then West Pakistan High Court in 1957, joining the Chambers of Mr. Zulfikar Ali Bhutto who went on to become the Prime Minister of Pakistan. In 1959, Mr. Pirzada established law chambers in Karachi and was enrolled in the Supreme Court of Pakistan in 1962. Thereafter, in 1979 he signed the roll of Senior Advocates of the Supreme Court. From 1971 to 1977 Mr. Pirzada was a Member of Parliament and remained a senior Cabinet Minister in Mr. Bhutto8217s government holding several important portfolios including those of Finance, Law amp Parliamentary Affairs, Federal Provincial Coordination and Education. In 1972 he was elected Chairman of the Constitution Committee of Parliament to frame a new Constitution for Pakistan. He is the author of the 1973 Constitution which was piloted by him as Minister for Parliamentary Affairs and passed by Parliament unanimously. He is considered a leading expert in the field of Constitutional and Administrative Law and is also a member of the Pakistan Law Commission, a statutory body formed for the purposes of reviewing and overhauling the laws of Pakistan. Hafeez Pirzada Law Associates is listed in the Asia Pacific Legal 500 and Chambers Global: The Worlds Leading Lawyers. The latter describes the Head of Chambers, Mr. Pirzada, as a 8220first class8221 Senior Advocate who is 8220sharp, sound, aggressive8221 in his approach. Noting on his profile in the Supreme Court, peers commented upon his 8220formidable8221 and 8220outstanding8221 court presence. Mr. Mohammad Munir Khanani is the Director of Mohammad Munir Mohammad Ahmed Khanani Securities (Private) Limited - a corporate member of Karachi Stock Exchange. Before that, he has been an individual member of the Exchange since 1998. But initially, his career at KSE dates back to 1982 when he started as a small investor. Mr. Khanani is considered to be one of the most active members of the Exchange in equity trading and provides financial services to local as well as foreign clients. He aims at expanding the net of retail investors and providing them with maximum access to Pakistans capital markets. Mr. Khanani also serves as Chairman of Advisory amp Arbitration Committee of the Exchange. Mr. Farrukh Viqaruddin Junaidy is a Fellow Chartered Accountant and a senior partner in Muniff Ziauddin Junaidy amp Co. Chartered Accountants. Earlier, he was associated with KPMG Pakistan for a period of 15 years including 6 years as a partner. Mr. Junaidy has diversified experience of 28 years with strong background in financial and business management, strategic planning, budget administration, staff training amp development, contract negotiation, audit coordination, policy amp procedural development, risk management, tax planning amp compliance, report preparation and public relations. At KPMG, Mr. Junaidy has worked on a variety of assignments in the areas of financial amp business advisory, share valuation, mergers amp acquisitions, financial and tax due diligence, financial and corporate restructuring, IPOs, privatization, tax planning, etc. He has also played a role in re-organization of Central Board of Revenue (now Federal Board of Revenue) and has also worked as an Associate to the Task Force on Sales Tax constituted by the Government of Pakistan in 1999. He has been instrumental in business development initiatives and provided advisory services relating indirect taxes including sales tax, VAT, Federal Excise Duty and Customs Duty. Mr. Junaidy has also served as Group Chief Financial Officer of Dewan Mushtaq Group where he was involved in successful acquisition of a cement company of which he became the Chief Executive. He also led the implementation of ERP (SAP) solution in 13 group companies. In addition, as Vice President and Company Secretary of Gandhara Leasing Company Limited, he has the distinction of being one of the few qualified mediators in Pakistan. Currently, Mr. Junaidy is also serving as Council Member of the Institute of Chartered Accountants of Pakistan ICAP and as member of its various Committees. He is also affiliated with a number of professional bodies, such as Income Tax Bar Association, Management Association of Pakistan and Marketing Association of Pakistan. In addition to serving on KSEs Board, Mr. Junaidy is acting as Chairman of Audit Committee and member of HR Committee of the Exchange. Mr. Junaidy has also been appointed as KSEs Nominee Director on the Board of National Clearing Company of Pakistan Limited. Mr. Abdul Majeed Adam is the Chief Executive and Nominee Director of Adam Securities (Private) Limited, which is the corporate member of Karachi and Lahore Stock exchanges. He is also the Chairman of Standard Securities (Private) Limited - corporate member of Islamabad Stock Exchange. Mr. Adam is a graduate from University of Karachi and has an extensive experience of 20 years in capital as well as forex markets. Previously, he has served as the Director of Karachi Stock Exchange in the year 2002 where he also acted as the Chairman of Trading Committee. At present, he is also acting as member of Arbitration Committee of the Exchange. Mr. Adam is the founder member of National Commodity Exchange Limited NCEL and is active in commodities trading at NCEL through Adam Securities (Private) Limited. He also acted as voluntary advisor to activate gold trading at NCEL. Because of his in-depth experience in Pakistans only commodity market, he has been nominated on the Board of NCEL to represent KSE. Mr. Adam is the Chairman of Development amp Trading Affairs Committee and a member of Audit Committee, IT Committee and the Boards Committee for hearing appeals of KSE members. Mr. Farrukh S. Ansari brings with him a rich experience of 26 years in investment and commercial banking at senior management positions. Currently, he is serving as the Chief Executive Officer of Saudi Pak Leasing Company Limited by virtue of which he has also been nominated on the Board of other related companies and associations. Before the present nomination, he was nominated by SECP on the Board of KSE in 2005 as well. Mr. Ansari holds Masters Degree in Business Administration from Institute of Business Administration, done in 1983. He has also received a Certificate in Management Information System from United States Department of Agriculture. With this qualification, he has worked, in turn, for Bankers Equity Limited (from 1985 to February 1989), Banque Indosuez (from March 1989 to February 1992), Habib Overseas Bank, South Africa (from March 1992 to September 1994) and Dewan Mushtaq Group (from September 1994 to September 2003), before joining Saudi Pak Leasing Company Limited. Mr. Ansaris notable achievements, during his career, are setting up of investment banking arm of a foreign bank in Pakistan and establishment of a new bank in South Africa. He also holds that credit for turnaround of Saudi Pak Leasing Company Limited, which was at the brink of huge loss, into a profitable organization by substantially improving the financing portfolio and bringing about new dimensions to management. In the past, Mr. Farrukh S. Ansari has also been nominated by the Government of Pakistan on various advisory committees for addressing policy issues. As a Director of KSE, Mr. Ansari has also been appointed by the Board as member of Audit Committee and Board Committee for hearing appeals of KSE members. I belong to a family that has produced some great names in literature. Moulana Ismaael Meerthi was the father of my maternal grandfather. My maternal forefathers belong to Meerth while my paternal forefathers belong to Muradabad. I was born in Aurangabad, Dukkan where I received my primary education. I received education in a very nice environment. Our teachers included Sikhs, Hindus, and Christians. I had interests in paintings initially. We were also taught English, Persian, Arabic, Hindi etc. The school that I studied in used to be held from morning to evening. There we used to learn carpentering, sewing and knitting etc. so it was a very compressive education system. We used to extremely enjoy our education. At home, our family had great interests in literature. My brothers used to have their separate collection of books. We used to sit around a table and would read different pages of a novel or other book one by one. By doing this, we used to correct our pronunciation and other aspects of language. So this is the sort of environment which I received in my initial days. We migrated to Karachi in 1950 before living in Bombay for 1 year. I did matriculation from Karachi. I took science and did BSC with Physics, Chemistry and Mathematics being my subjects. Then I did 3 MAs in English, Urdu and Linguistics. I started my career in teaching from Baluchistan University in 1973. Then I joined the Karachi University in the end of 1974. Then in 1995 to 1998 I remained head of department. Afterwards, for 2 years, I remained chief editor and secretary in Urdu Dictionary Board. I have also been the Chairman of Literary Committee of Arts Council. The government of Pakistan awarded me Tamgha-e-Imtiaz in 2005. I have represented Pakistan in 17 counties. I have also taught Urdu in China and Japan and did research as well in these countries. As regards my family, I have 3 daughters. One of them is a well-known poetess and critic. She has also represented Pakistan in India and UAE. My wife has done MA in Urdu and then she did a course in Homoeopathic and now she is running a clinic 8220Water, water, everywhere, nay any drop to drink.8221 This lament of Coleridge8217s Ancient Mariner, stranded at sea, could well be Simi Kamal8217s. One of Pakistan8217s eminent geographers, the Cambridge educated Simi believes that water is everybody8217s business and should not be politicised. Quoting oft-frightening figures, Kamal steers clear of the current debate on dams, focusing instead on what can be done to salvage the water situation in the country. Having devoted herself to the development sector, Kamal boasts an extensive resume which includes gender empowerment, social development and environment issues. She has collaborated with government and private sector organisations in her impressive career and is a member of the Stockholm-based Global Water Partnership Technical Committee, founder and chair of the think tank Hisaar Foundation and co-founder and co-chair of Pani Pakistan, among others. With her own development consultancy, Raasta, Kamal is determined to show Pakistan the way towards a future where we can make water, not war. Saturday, December 11, 2018 Dr. Qureshi 8216s path to his current position as the Founder, CEO and Medical Director of QDx Pathology Services is a story of dedication and commitment to excellence and leadership. Dr. Qureshi8217s ability to lead and motivate people became apparent even in his school days. His dedication to helping develop leadership in youth and his committment to community has been demonstrated by his involvement with organizations like the Karachi Central Jaycees. Over the past 30 years, Dr. Qureshi has represented the Pakistan Jaycees in many Internationalmeetings and has served on the board of the Asia Pacific Development Council. He introduced the concept of Basic Education Centers and organized numerous leadership development programs and management training seminars for college students and young professionals. In 1984, he came to the United States to seek a higher education. At Tulane University, his PhD thesis described an alternate receptor for entry of HIV in CD4 cells and was formally recognized as a major breakthrough in understanding infection of HIV in non-CD4 positive cells. His keen interest in clinical research continues today. Dr. Qureshi was selected for one of ten fellowship positions for the United States Public Health and Clinical Microbiology and Immunology at Mount Sinai Hospital and Medical Center in New York. During his Fellowship, he was made Director of the first HIV testing laboratory at Mount Sinai. After completion of his fellowship, he was hired as Director of Virology Laboratories at Beth Israel Medical Center New York. He received notable awards for Best Resident Research at Beth Israel Medical Center and was the recipient of the prestigious 8220Stowell-Orbison Award and the Binford-Damin Award from the United States and Canadian Academy of Pathology. Dr. Qureshi then joined the Faculty of College of Physicians and Surgeons of Columbia University where he designed a state-of-the-art grossing facility with telemedicine capability and streamlined resident interaction and training. His design was nationally acclaimed and has since been used by leading manufacturers of pathology grossing stations. Dr. Qureshi left Columbia University to take an entrepreneurial path, joining Bayonne Hospital in New Jersey as Director of Virology and Immunohistochemistry and later as Chief Medical Officer and Medical Director of Lakewood Pathology Laboratories, a failing local laboratory which Dr. Qureshi was able to turn around in less than 2 years. Dr. Qureshi started his own reference laboratory, QDx Pathology Services in 2006. In two short years the company, under his direction, grew to over 75 employees and expanded to serve physicians in seven states. Dr. Qureshi8217s commitment to quality and passion for excellence has established the reputation of QDX Pathology Services as a center of excellence in genitourinary, gastrointestinal and gynecologic Pathology. Ahmed Jamal Mir, Managing Director amp Chief Executive of PRESTIGE COMMUNICATIONS PAKISTAN (A GREY GLOBAL AFFILIATE). In his capacity as CEO, Jamal has worked passionately to breed a culture of best practices and creative excellence. He has infused Prestige with energetic leadership and his skills have outlined the story of the agency8217s development from a strong national to a multinational agency. Jamal has a broad experience of developing and managing market-leading, local and multinational clients including English Biscuit Manufacturers (EBM), Habib Bank Limited (HBL), ZIL Limited, Packages, BAT, GSK, Standard Chartered, Danone and Sony. Jamal8217s vision for the growth of the agency and the advertising industry at large has earned him key positions at the Advertising Association of Pakistan, Marketing Association of Pakistan and American Business Council. Jamal8217s love for cricket and his pursuit of new directions in advertising and marketing led to his association with the Pakistan Cricket Board (PCB). Jamal has a Bachelor of Arts Degree in Economics from University of California, Los Angeles (UCLA). Javed Ansari is one among the very few people in Pakistan who pursue active careers in journalism, PR and advertising. He has been in the media industry for over 30 years and has worked for some of Pakistan8217s leading newspapers and magazines in senior editorial positions, besides founding a number of new publications. He has also been associated with leading advertising agencies for almost as many years. Before moving over to CMC (Pvt.) Ltd. as Vice President amp COO, he served as Senior Creative Director at Leo Burnett Pakistan (Manhattan Leo Burnett) for 20 years. Javed Ansari has a keen understanding of the specific creative requirements of journalism, PR and advertising and applies his rich abilities and insights to these areas with great proficiency. Syed Jawaid Iqbal, President and CEO Corporate amp Marketing Communications (CMC) Private Limited, Began his professional career in 1972 with (now) Lowe Lintas, one of the world8217s leading advertising agencies. Jawaid is a law graduate who has acquired immense expertise in the field of image promotion. Due to his analytical mind he has gained insight into the fluctuating and volatile economic scene and the resultant progressive corporate activity. Utilizing his experience and skills and tapping them to their full potential, in the early eighties Jawaid launched CMC, which is successfully meeting the emerging challenges in image marketing and highly advanced PR techniques. Jawaid Iqbal, who is generally known in the industry as JI, has been able to successfully synchronize theoretical and practical demands of Public Relations in achieving desired objectives. Widely traveled, Jawaid has represented Pakistan in many regional and international forums. He has been Chairman Pakistan chapter of the Colombo based South Asia Media Association (SAMA). He is also actively associated with a number of social welfare organizations and contributes to leading newspapers, writing on social and professional issues as well as international affairs. He has to his credit successful presentation of Television talk shows on current affairs and interviewing a number of leaders for various terrestrial and satellite channels. He is a professional (Homeo) doctor along with this was a lecturer in Sir Syed Homeopathic Medical college Karachi, born on 3rd Feb 1962.This is what he received from his father. The rest is what he has learnt and practiced in show biz. He is a good performing art director, however, on his credit lots of workshops, theater and drama courses headed and conducted in a prestigious institutes like PNCA-Karachi Pakistan, PACC-FJR Center Karachi, The school of Dramatic arts Karachi-Pakistan, etc. Besides this, he has been frequently seen on the mini screen in a plays or in a commercials, a talented person as he is. Furthermore, Dr. Shehzad was elected member of governing body at Arts Council where he has been associated with the drama committee as a chairman in 1997. During his stayed radical changes has been sought in the obsolete working set-up. He has established himself a new era in the horizon of theater world with some dedicated researches like Educational theater and TAMSEELI IBLAGH due to his everlasting. enchanting and untiring efforts made the things possible as on his account lots of theater students are in the showbiz. Finally yet importantly, another remarkable achievement during his stayed comprised of late Mr. MUSHTAQ GAZDAR team brought Arts Council of Pakistan-Karachi into United Nation notice, which has now registered it as an NGO. Mr. Syed Shabbar Zaidi, a Chartered Accountant by profession and partner, A. F. Ferguson and Co. has a distinguished record of achievements to his credit. He was Past President, Institute of Chartered Accountants of Pakistan and South Asian Federation of Accountants and former Chairman, Professional Standard and Technical Advisory Committee of the Institute of Chartered Accountants of Pakistan. His current responsibilities include being Chairman of the Taxation Committee of the Institute of Chartered Accountants of Pakistan Member, Developing Nations Committee of International Federation of Accountants Member, Central Audit Committee of Board of State Bank of Pakistan Senior Member of the Task Force for Reform of Tax Administration (2000) Advisor, Corporate Rehabilitation Committee of Securities and Exchange Commission of Pakistan, and Trustee, Sindh Institute of Urology and Transplantation (SIUT). My name is Jehan Ara. I am a person of average intelligence who can best be described as a pretty good human being, a communicator, an entrepreneur, a mild activist, a believer in the general goodness of people and an optimist. I was born in Karachi but moved to Hong Kong as a child. It was in that vibrant and fast-moving city that I grew up. The kind of things that Hong Kong stamped on me were: - a real appreciation for good food - the importance of hard work, and - the value of time (mine and everyone else8217s) If there is anything remotely angelic in my character, I owe it all to my mother who was the nicest, kindest and most beautiful human being on the face of this planet. She always wore a smile (even during the times when she was in pain due to the state of her health) and had a wonderful sense of humour. She had a kind word to say about everyone she met and her patience and compassion knew no bounds. We were lucky to have had a mother who taught us the basic lessons of love and sacrifice. My father must be held responsible for teaching us the essential values of integrity, hard work, loyalty and commitment. Stories of his generosity and his hospitality have spread far and wide. Many a time I run into people in the course of my work who inform me that they have had the pleasure of staying at our home in Hong Kong. Should I tell them, I wonder, that the traffic through our apartment would put the traffic on our freeways to shame Amongst my vices, topmost is the pleasure I get in bestowing gifts on family and friends 8211 this has earned for me the nickname 8220Santy Claus8221. What do I enjoy I love to write, to talk, to read, to listen to music, to watch movies and go to the theatre whenever I get a chance. I love to travel 8211 see new towns and cities, experience different cultures. I am a gadget freak and especially love everything 8220Apple8221. I am passionate about anything I undertake 8211 whether it is the branding of PSHA, the planning of an event, the development of a product, cooking a meal, counselling, working with younger people, or taking on a cause and pursuing it to the limits. Amongst the things I fail to comprehend are the instincts in people to bring each other down, to be unhappy at the success of others, their inability to unite towards the achievement of a common cause and their selfishness in the pursuit of commercial or monetary gain. Does this make me a social entrepreneur I don8217t know. I don8217t like labels. All I know is that whatever I do, it needs to ignite in me a passion, an interest, a sense of achievement, of pleasure 8211 a need that goes beyond mere monetary benefit. Syed Naveed Qamar took oath on March 31, 2008 as Federal Minister for Privatisation and Investment and was given additional portfolios of Ministries of Finance, Ports and Shipping. He held the portfolio of Finance Minister for five months in 2008. On August 7, 2009 he has been assigned the portfolio of Federal Minister for Petroleum amp Natural Resources with additional charge of Minister for Privatisation. He has served as Provincial Minister for Information Government of Sindh in 1990, Chairman, Privatisation Commission in 1993 and Federal Minister for Finance and Privatisation in 1996. Presently he is also member of the National Assembly8217s Standing Committees on Rules amp Privileges. Syed Naveed Qamar was born in Karachi on September 22, 1955. He Graduated in Computer Science from Manchester University and MS MBA from California. He completed his B. Sc (Hons) in 1976 from Manchester University, U. K followed by an MS in Management from Northrop University, U. S.A in 1978 and MBA from California State University, Los Angeles USA in 1979. Syed Naveed Qamar is politically affiliated with Pakistan Peoples Party Parliamentarians (PPPP) as a senior leader. He currently holds the position of Member Central Executive Committee in the party and was previously elected MPA, Sindh (1988-1990), MNA (1990-1993), MNA (1993-1996), MNA (1997-1999) and MNA (2002-2007). In General Elections 2008 he was elected MNA by securing 102,737 votes from NA-222 Hyderabad-V Tando Muhammad Khan as Pakistan Peoples Party Parliamentarians (PPPP) candidate. Syed Naveed Qamar is married and has three daughters and a son Sultan Ali Lakhani is one of the richest people in Pakistan. He has a B. A degree in Economics from Karachi University. Sultan Ali currently holds the following positions: Joint owner the Lakson Group CEO of Century Publications (Pvt. Ltd.), Editor-in-Chief of the Daily Express amp Express News Channel (Pvt. Ltd.) Honorary Consul General of Mexico in Pakistan Member, Senate (Upper House) of Pakistan from 1987 to 1994 Advisor to the Century Insurance Company Limited. Sultan Ali caused controversy in 2006 when a legal notice was served against him. Allegations accused his newspaper of printed false stories regarding the televising of a Sports Cup. Sultan Ali Lakhani was questioned by the National Accountability Bureau (NAB) in Spring 2000 regarding alleged charges which include: underwriting bonds to a member of Pakistans political dynasty, evasion of excise duty, concealment of foreign property and Merchant banking in domiciled offshore institutions to avoid paying tax. (wikipedia) Sarmad A. Ali is the Managing Director Marketing amp Advertising Sales of Jang Group. He is responsible for marketing and advertising sales of print, electronic and online brands of the group. This included eight of the country8217s leading print titles including Jang, and The News: and FM 101. Sarmad has over twenty years experience in marketing, advertising and media management. He has been associated with the Jang Group since 1994 when he joined the group as Executive Director of The News. In 1997 he took over as the Group8217s Executive Director Marketing amp Advertising Sales and was promoted as Managing Director in 2006. Prior to joining the Jang Group, Sarmad had been associated with some of the country8217s leading advertising companies including IALSaatchi, where he worked as Director Client Services from 1987 to 1993. Described as of one of Pakistan8217s marketing thought leaders, Sarmad has been thrice the President of Marketing Association of Pakistan. In 1999, he was awarded the coveted Marketing Excellence Award for his contribution in the field of Marketing. He is presently Prisident of the International Advertising Association8217s Pakistan Chapter. He has previously served as Council Member of the Management Association of Pakistan and has also been on the Board of Director of the Asia Pacific Marketing Federation and the Executive Council of Market Research Society of Pakistan. He represents the Jang Group in the All Pakistan Newspapers Society. He has also served as member of the Prime Minister8217s Task force on Privatization amp Investment in 2003 and the Sindh IT Board from 2001-2003. Sarmad has also been on the Board of Governors of the Worldwide Fund for Nature-Pakistan (WWF-P). Sarmad was responsible for setting up Pakistan8217s first television audience measurement system in 1991. He has a master8217s degree from Villanova University, Pa, USA. He served as Joint Secretary of APNS for the year 2007 2008 and 2009. Thursday, December 2, 2018 Mansoor Ali is currently the Chief Business Officer at NCEL. He joined National Commodity Exchange Limited (NCEL) as Chief Operating Officer and has pioneered the introduction of financial futures in Pakistan including interest rate and currency futures. He has over 15 years of experience in derivatives and prior to joining NCEL in 2004 was a derivatives trader for Fixed Income, Bond and Hybrid FX Products at Commerzbank in London. His previous experience has covered derivatives trading, pricing, operations and risk management at top tier international investments banks Merrill Lynch, Bankers Trust and Deutsche Bank. He has been involved in trading and risk management of complex risk portfolios as well as developing structured derivative products for various types of financial institutions. He has also pioneered the development of analytical tools for Pakistani markets including yield curve constructions, instrument amp portfolio hedge calculators and pricing applications. He has an MSc in Mathematical Finance from University of London and is an FSA approved Derivatives Trader. Mr. Mohammad Shoaib, CFA is the Chief Executive of Al Meezan Investment Management Ltd. He has played a key role in setting up the company and has been associated with it since inception. He is a highly qualified and seasoned professional with 20 years experience in capital market of the country and knows the fund management business in Pakistan inside out. He has to his credit many accolades and awards, the most significant of them being the 8220Most Influential CFA charter holder8221 awarded by CFA Institute in 2006. Al Meezan Investment Management is the only asset management company in Pakistan, exclusively managing Shariah compliant funds and portfolios. The Assets under management of Al Meezan are over Rs.18 billion, making it the largest Shariah compliant asset management company and overall the second largest asset management company in Pakistan in the private sector. Mr. Shoaib holds MBA degree from IBA besides a Chartered Financial Analyst (CFA) charter holder. CFA charter is internationally recognized for high standards of professionalism in investment management and business ethics. He has to his credit being the founder and first president of CFA Association of Pakistan, a member society of CFA Institute. In addition, he has been a past member of CFA Institute8217s Asia Pacific Advocacy Committee Global Corporate Governance Task Force which has developed a manual for investors on Corporate Governance. Mr. Shoaib is currently Presidents8217 Council Representative (PCR) for Asia Pacific region elected by 15 societies in the region. In this capacity he represents, over 12,000 CFA charter holders residing in countries including Japan, Korea, Singapore, Hong Kong, China, Pakistan, India, Sri Lanka, Indonesia, Malaysia, Thailand, Philippines, Taiwan, Australia and New Zealand. Dr. Amjad Waheed, CFA is presently the Chief Executive Officer of NBP Fullerton Asset Management Limited. He has been a Director of MUFAP since 1st December, 2008. Dr. Amjad Waheed, CFA is one of the leading fund managers in the region. Prior to his appointment as the Chief Executive Officer of NAFA, he was the Head of Equity Mutual Funds and Portfolios at Riyadh Bank, Saudi Arabia managing US 7.5 billion of assets. Dr. Waheed was Head of Asset Management at National Investment Trust Limited (NITL) before moving to Riyadh. Dr. Waheed holds a Doctorate in Finance with a Major in International Investments from Southern Illinois University, USA and is a CFA charter holder. Mr. Samir Ahmed took over as Managing Director of National Commodity Exchange Limited (NCEL) in August 2009. He has held various management positions in the Financial Sector since 1983, including International Banking, Investment Banking, Capital Markets and Financial Regulation. In addition to Pakistan he has worked in the Middle East and Asia-Pacific regions. Earlier he has worked as CEO of IGI Investment Bank from 2004 to 2009 and CEO Managing Director of the Lahore Stock Exchange from 2001 to 2004, Senior Advisor to Dubai Financial Market he worked for the Government of Dubai from 1999 to 2001 and spent 5 years in the equity brokerage industry, including the period 1995 to 1998 when he headed the equities business of ING Barings in Pakistan. Mr. Ahmed has a Bachelors degree in Economics from University of Chicago and a Masters degree from London Business School. Mr. Shahid Ghaffar, Chairman Mutual Fund Association of Pakistan (MUFAP) holds an MBA Degree from Gomal University, D. I.Khan, Khyber Pakhtunkhwa. He is the Chief Executive Officer of HBL Asset Management Limited. Mr. Ghaffar has extensive experience of fund management in Pakistan. He has served NIT, one of the largest open-ended funds in the Country, for about 21 years and was responsible for the Asset Management Division and actively participated in the re-construction of NIT during the crises period 1996-1998. Mr. Ghaffar served as the first non-member Managing Director of Karachi Stock Exchange (KSE) for over 2 years during the period 1998-2000 and was instrumental in introducing effective risk management systems at KSE. He has also served as Executive Director Commissioner (August 2000-November 2005) at the Securities and Exchange Commission of Pakistan and actively participated in the successful implementation of wide ranging reforms in the capital market. Hussain Lawai had worked at the United Bank of the Middle East and the Faysal Islamic Bank until 1990. It was in 1990 Nawaz Sharif government privatized two public sector banks. First of them was Muslim Commercial Bank (MCB) which was handed over to Mian Mansha of Lahore comparatively at a lower bid. After privatization of MCB, Hussain Lawai, a thorough professional was assigned the task as the chief executive of that bank. After that the government changed and Benazir Bhutto came into power, Hussain Lawai switched sides and started working for the PPP government, while Mansha was side-tracked. In 1996 he was made Advisor to the Prime Minister. When the PPP Government fell, Hussain Lawai fled to Dubai and from there to Australia where he was arrested by Interpol in Canberra Airport on 4 March 1998, on the request of Pakistani authorities who charged that Lawai acted as the conduit in an alleged deal between Zardari and Abdul Razak Yaqoob. It was alleged that the deal between Zardari and ARY Gold of Dubai caused a loss of Rs. 1.82 billion to the national exchequer. Abdul Razzak Yaqoob and Asif Ali Zardari also got involved in money laundering and in a span of 18 months, 543 million dollars were sent out of Pakistan. In October 2008 Hussain Lawai leading a consortium of foreign and local investors expressed interest in acquisition of 8220substantial shareholding8221 in Arif Habib Bank Limited (AHBL). The consortium acquired stake in Arif Habib Bank and then Mybank and also interested in getting a stake in soon-to-be-merged KASB and Atlas Bank.(wikimir) Karachi is the biggest city of Pakistan besides being the financial capital of the country. It is also the cultural hub of activities and still known as the City of Lights despite the consistent load-shedding and breakdowns in the recent years. The citizens of Karachi have shown extraordinary skills having acquired high stature in various fields. whoiswhoinkarachi is a website consisting of profiles of such prominent people of Karachi or those having had some links with this great city. Whether they were born in Karachi . received education in Karachi, took residence in Karachi, did a job in Karachi or established a business in Karachi those having achieved prominence in their respective fields are featured in whoiswhoinkarachi which has grown in popularity with every passing day. 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