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Brief Recordings


With the Pak-China corridor making headlines in recent weeks, it was only natural to have a sit-down with Mustafa Sayed, the young Executive Director of Pakistan-China Institute, which is the first-of-its-kind non-governmental, non-partisan and non-political think tank. The PCI houses the Pakistan secretariat of the recently launched joint Pakistan-China think tank called Research and Development International. RANDI's China secretariat will be co-hosted by the prestigious Chinese Academy of Social Sciences, and the China Institute of Reform & Development. Below are edited transcripts of the interview.

Founded in 1950, Crescent Textile Mills Ltd (Crestex) is one of the oldest players in the industry. Six years into its formation, the company started exporting a majority of its products to the US, Europe, Middle East, and Japan. In 1997, Crestex became the first composite textile company of Pakistan to receive the ISO 9002 certification. The firm has a market capitalization of over Rs 1.1 billion and its shares are listed on all three stock exchanges in Pakistan.
It's not easy to be a shareholder in Huffaz Seamless Pipe Industries (HSPI) and there are quite a many shareholders in the market - about 23 million - aside from 30 million shares (or 54.8 percent of the total) currently held by the firm's directors, their spouses and their minor children as of June 30 2014.
Operating since January 2005, HUM Network is a name that has garnered roaring success and fame during a span of a little more than 10 years. The company offers quality contents in the entertainment genre including serials, soaps and telefilms, both domestically and internationally and has expanded its wings in the recent past by offering HUM TV, HUM Sitaray and Masala TV under its umbrella.
ImageZaigham Rizvi is one of Pakistan's handfuls of housing experts, who has recently set up Pakistan's only think tank on housing called Center for Affordable Settlements and Housing (CASH). Aside from being the Founding Chairman of CASH, Zaigham is also the Secretary General, Asia-Pacific Union for Housing Finance, which is a forum to promote coalition and co-ordination among the South Asia Countries in determining their housing and housing finance solutions. He is also working as a consultant focusing in the field of housing and housing finance, currently serving as a Director at HBFC Pakistan, the leading housing finance institution in the country. He has also served as an adviser on housing and infrastructure to the State Bank of Pakistan. In this interview Zaigham reflects on the state of housing in Pakistan and how Pakistan can learn a thing or two from its eastern neighbour and the broad contours of the upcoming housing policy.
For the past 17 years, Anila Haq has spearheaded the establishment and growth of a number of companies under the banner of Haq Holdings. Since 2012, she has been leading the advent of franchising in the domestic economy. BR Research met up with her recently to discuss the opportunities that franchising can present for businesses in the country and also the challenges that are encountered along the way. The following transcript is derived from that conversation.
EFU General Insurance - the titan of EFU General Insurance - was formed under the financial backing of Agha Khan III and the Nawab of Mughal. It, however, came into being in 1932 where Mr Ghulam Muhammad led the formation of this company. While securing a prominent footing in the country's insurance sector, the insurer is engaged in offering insurance schemes in the field of property, marine/aviation, motor and miscellaneous products. Besides, the company enjoys reinsurance arrangements with leading re-insurers such as Swiss Re of Switzerland, SCOR of France, Hannover Re of Germany, and Lloyd's of London.


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln