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A successful businessman and avid researcher, Muhammad Farooq Afzal has been serving as Director of the Pakistan Russia Business Council since its resurrection in 2004. During this time he has travelled Russia extensively, prepared and shared research and market Intel from that economy for the benefit of policy makers and Pakistani businesses. He is engrossed in deliberations in both countries to boost bilateral trade and investment. Resultantly, he holds strong opinions on the trade potential and how to achieve it. In a recent interaction with BR Research, Farooq Afzal shared some poignant facts regarding the state of Pak-Russia economic co-operation. These are presented here:

Incorporated in April 1994, Kohinoor energy Limited is one of the pioneer projects of independent power producers in Pakistan. The independent power producer (IPP) is situated at Link Manga Raiwind Road, in Lahore; it owns a 1311.4MW gross capacity furnace oil-based power plant. Its net capacity is 124MW, and its only customer is Water and Power Development Authority (WAPDA).
Ismail Industries Limited (ISL) is making biscuits since 1950s. However, the company launched its flagship brand CandyLand in the year 1988 and ever since has expanded its horizons in multiple industries. Over the years, Ismail Industries has expanded horizontally by launching brands such as Bisconni (biscuits and cookies) and SnackCity (chips, peanuts, etc). They have also done vertical integration through Astro Plastics, which manufactures packing and plastic films.
J.D.W Sugar Mills Limited was founded in 1990 in Rahim Yar Khan. Its market capitalisation is north of Rs 18 billion, making it the only sugar company in the KSE100. As far as sugar companies go, the next-largest by market cap is Habib Sugar with just over Rs 6 billion.
The national air carrier boasts a prestigious past; one illustrated by international milestones and a history that is thoroughly intertwined with this country since the Independence Movement. However its glorious past has been shadowed by apathy and decay, hallmarks of state-owned white elephants.
Overseas Pakistani Commission (OPC), Punjab, is a special institution with Services and General Administration Department of Government of the Punjab. In a recent conversation with BR Research, Captain (Rtd.) Shaheen Khalid Butt, Vice Chairman OPC, emphasises on efforts being made to resolve the expatriates' issues. Following is the edited piece from the meeting.
Starting production in 1993, Artistic Denim Mills has since become a big name in the textile sector. It is one of the key players in the denim industry, offering premium fabrics with unique colors and shades, and garments with an extensive array of washes. With a market capitalisation of over Rs 7.5 billion, the company is the fourth-largest in the textile sector by market cap.


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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 $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln