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Company News: Pakistan


Noon Group of companies is Pakistan's one of the oldest business groups. The group was established by the prominent Noon family of Punjab. Noon Pakistan Limited - was incorporated in 1966 as a public company. Currently, the family owns a diversified portfolio of companies under its belt. This group has its presence from cement industry to textile and from sugar to dairy product.

ImageM.A. Mannan is the President and CEO of TCS Holdings Limited bringing with him over 22 years of business experience, both locally and internationally. Prior to joining TCS, Mannan served as the Executive Director at Silkbank where he was responsible for Islamic Banking and also spearheaded the Mergers & Acquisitions activities to deliver the best value for the bank.
Dr Paul Philipp Hermann is currently a Co-Founder at - a global real estate classified platform. Prior to this Mr Paul Hermann had worked for the Boston Consulting Group (BCG) for three years and founded an online recruiting start-up. He holds a Ph.D. in Law from Bucerius Law School in Hamburg and a M.Sc. in Internet Studies from the University of Oxford. Following is an edited excerpt of a recent conversation BR Research had with Mr Paul Hermann.
Shabbir Tiles & Ceramics Limited (STCL) was founded by the House of Habib in 1978. It was a technical and strategic collaboration between the House of Habib and Agrob Anlagenbau GmbH of West Germany, and STCL was the first and only private sector company that made ceramics in Pakistan. The company, therefore, gets the credit for setting up ceramic industry in the country and in three decades it has transformed the way Pakistani make houses.
Lucky Cement Limited (KSE:LUCK) is the leading player in Pakistan's cement industry, with a sizeable chunk of its produce going abroad as exports. The company, which comes under the banner of Yunus Brothers Group, is listed on all three bourses in the country as well as the London Stock Exchange.
Ismail Industries Limited (ISL) is making biscuits since the 1950s but in 1988 when it had launched its flagship brand Candyland the company became a household name. Since then ISL also has bolstered 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.
The biennial Pakistan Economic Forum is scheduled to take place in Karachi this week. In the run up to the event, BR Research met with Chairman, Pakistan Business Council to discuss the pressing concerns facing the country's economy and the way forward to meet these challenges. The following transcript is comprised of excerpts from that discussion.


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln