Last update: Fri, 20 Jan 2017 04am

Brief Recordings


Farhan Faruqui, currently serving with ANZ Bank as the first ever Asian member of their Executive Board. Prior to joining ANZ, Farhan had a long association with Citibank spanning over 20 years, heading several African and Central European countries, with his last role as Head of Citibank Corporate and Investment Banking for countries in Asia and Pacific regions. Based in Hong Kong, he is one of the best known Pakistan origin bankers in Asia, Central Europe and Africa. BR Research recently sat down with Farhan and discussed matters relating to global economic affairs and Pakistani economy, especially in the context of Chinese investment in Pakistan. Below are edited excerpts of the conversation.
Brief introduction: International Steels Limited (ISL) is a subsidiary of International Industries Limited (IIL) and was incorporated in 2007 to manufacturer and sell flat steel products in Pakistan. The investment of $165 million investment with equity contributions from Sumitomo Corporation, JFE-Japan and the International Finance Corporation (IFC) helped the company kick off into a hi-tech manufacturing segment.
ImageMarvi Memon evokes partisan responses on social media. But sitting in her office discussing the intricacies of Pakistan's flagship social-safety net (SSN) programme, BR Research found the former banker-turned-politico adequately apolitical. Arguably, the Benazir Income Support Program (BISP), which Memon has been heading since February 2015, has evolved as a symbol of relative political maturity in the country. Despite a landslide victory in the 2013 General Elections, the PML-N government decided to keep funding the BISP, which was launched by its rival PPP in 2008. Under the current government, yearly cash grants have more than doubled between FY13 and FY16 to reach Rs 96.65 billion in FY16 (source: BISP Progress Report, 2014-16). Even Memon, who as an opposition member in 2011 had accused the then PPP government of turning poor people into "beggars on BISP forms", has come around to become the program's vocal champion.
ImageFounded in 1990 as a private limited company in Rahim Yar Khan, Jehangir Tareen's JDW Sugar Mills Limited (PSX: JDWS) is by far the largest sugar producer in Pakistan. It single-handedly accounts for around 15-17 percent of Pakistan's sugar production. With a market capitalisation north of Rs 33.4 billion, JDW is the only sugar company in the KSE100 index.
ImageBR Research recently sat down with Mr. Tayyab Aijaz Qureshi, CEO of Roshan Packages Ltd. A business graduate who started his professional career with Roshan Group. Tayyab is also a founding director of PAMCO, a Punjab agri-marketing company for three years. He has participated and represented Pakistan's horticulture sector packaging industry on many international Platforms. Tayyab is also the Chief Executive Officer and Director of Roshan Sun Tao Paper Mills, a joint venture between Roshan Packages Limited and Shandong Yongtai Paper Mills, a Chinese corrugated paper producer. We discuss with him the impressive growth of Roshan Packages and the firm's upcoming initial public offering (IPO).
ImageBR Research recently sat down with Dr David Spielman and Dr Stephen Davies, both of whom are Senior Research Fellows at the International Food Policy Research Institute (FPRI). IFPRI is a think-tank that provides policy solutions to reduce poverty, hunger, and malnutrition in developing countries. Following are some edited excerpts from our conversation which focused on issues facing Pakistan's agriculture:
ImageThe Pakistan Stock Exchange (PSX) witnessed a landmark year in 2016. The benchmark KSE-100 index soared up 45.7 percent, which made it the top performing index in the region. Globally, the KSE-100 took the fifth spot below turnaround stories from South America and Russia.