Last update: Sun, 04 Dec 2016 07pm

Company News: Pakistan


Naheed Memon is the Chairperson of the Sindh Board of Investment (SBI) and an adjunct faculty of Institute of Business Administration (IBA), teaching Economics and Strategy. She was the CEO of Manzil Pakistan, a think tank based in Karachi before she took over responsibilities as Chair at SBI.
Ghani Glass Limited (PSX: GHGL) is one of the leading players in the glass manufacturing industry of Pakistan. It is part of the reputable Ghani group, which has interest in float glass, container glass, value-added glass, automobiles and beverage products. The group is also involved in mining for silica sand, coal and rock salt.
Sitara Energy Limited (SEL) was incorporated in 1991 with commercial operations starting in October 1995. The company deals in generation and distribution of electricity with the head office based in Karachi. The power plant is located at Tehsil Jaranwala, Faisalabad. Starting off with a 48MW furnace oil based power plant SEL subsequently set up a 30MW gas based plant. The switch in plant type was done in view of the increase in furnace oil prices during the last decade.
About the company: The largest tractor manufacturer of Pakistan, Millat Tractors Limited (PSX: MTL) was founded in 1964. It has since become Pakistan's leading engineering concern in the automobile sector, involved in the manufacture of agricultural tractors, diesel engines, forklifts, and a wide range of agricultural implements. The company has a market capitalisation north of Rs 37 billion, and was declared the second-best company of Pakistan by PSX in 2016.
ImageBR Research recently sat down with Ms. Roshaneh Zafar, CEO of Kashf Foundation to discuss the progress of Kashf and its impressive feat of winning the prestigious European Microfinance Award for its school funding initiative. We also discuss the future landscape of microfinance in Pakistan. Roshaneh is a graduate of the Wharton Business School, University of Pennsylvania, USA and also holds a Masters degree in Development Economics from Yale University, USA. She has worked with the World Bank as a women-in-development associate in the water and sanitation sectors. Ms. Zafar founded Pakistan's first specialised microfinance institution Kashf Foundation in 1996 after a chance meeting with Professor Yunus, and has also founded the Kashf Microfinance Bank in 2008. Below are the edited excerpts from the interview.
ImageMr Attila Koksal is on the CFA Institute Board of Governors and a Board member of Unlu Securities - Turkey's leading investment house. He has been a Chairman or Board member of several Turkish corporations and financial institutions, including the Istanbul Stock Exchange, Turkish Derivatives Exchange, Association of Turkish Capital Market Intermediaries, Corporate Governance Association of Turkey, Turkish Capital Market Association, and Financial Literacy Association of Turkey.
The General Tyre and Rubber Company of Pakistan Limited (GTR) is a renowned name in Pakistan in the business of manufacturing and supplying tyres. The company was founded 1963 and commenced production the next year at a 25 acre plot located in Landhi Karachi. The company was originally established by General Tire International Corporation (GTIC) of the United States with a total capacity of only 120,000 tyres annually. In 1977, the company sold 90 percent of its shares to its current local owners Bibojee Services Ltd and retained 10 percent of the ownership. The Bibojeegroup owned by the KuliKhan Khattak family also runs Ghandhara industries and associates.