Last update: Thu, 19 Jan 2017 01pm

Company News: Pakistan


OVERVIEW: 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 pr...

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.
Habib Metropolitan Bank Ltd has declared the rates of profit on various types of PLS deposits for the period of six months ended December 31st, 2016.

First women bank limited has declared the rates of profit on various types of PLS deposits for the period of six months ended December 31st, 2016.

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).
The Bank of Khyber (BoK) (Conventional Branches Only) has declared the following profit rates on various PLS deposits for the half year ended December 31, 2016: