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Company News: Pakistan


Global macroeconomics is making headlines again; euro zone economy is at the brink of another round of slowdown; Japan is in a recession mode; and crude oil is on a downward spiral. How would these events affect Pakistan's economy? To find the answer to that question and other related affairs, BR Research recently sat down with Sakib Sherani, former principal economic advisor to Pakistan's ministry of finance, and the CEO of Macro Economic Insights, an economic research house that provides tailored reports on Pakistan's economy and businesses at large. Below are the edited transcripts.

Being one of the oldest multinational companies in Pakistan, Shell's global history dates back to in Indo-Pak 1903 when Shell Transport and Trading Company and Royal Dutch Petroleum Company decided to merge and supply petroleum to Asia. The name of the company in 1928 was Burmah Shell Oil Storage and Distribution Company in India with the merger of Royal Dutch Shell Plc and Burmah Oil Company. Its history started with Burmah Shell Oil Distribution Company of Pakistan, which became Pakistan Burmah Shell (PBS) Limited in 1970 when Pakistani investors gained 51 percent of the shareholding.
Being the third largest cement company in the country, Maple Leaf Cement (KSE symbol: MLCF) possesses an asset base of Rs 31.9 billion and equity of around Rs 14.6 billion. It was incorporated in 1956 as a result of a joint collaboration between West Pakistan Industrial Development Corporation and the government of Canada. The company is located at a favourable location at Daudkhel (District Mianwali) in Northern Pakistan; an area known to be stuffed with raw materials required for the production of cement.
In the decade after the 2003-04 deregulation of Pakistan's telecom sector, Pakistan Telecommunication Company Limited (KSE: PTC) - a long-time state monopoly that is now run by private management - continues to be the largest telecom carrier in Pakistan. PTC has held onto its multiple telecom licenses - eg fixed local loop (FLL - landlines), wireless local loop (WLL) telephony, mobile telephony (Ufone), long distance & international (LDI) telephony, and broadband.
Rizwan Ali Hamdani, Country Manager- Pakistan, has been a part of the Xpress Money family for almost a decade, successfully undertaking assignments both in the UAE and Pakistan. Rizwan is a home grown talent whose work is fuelled with passion to drive Xpress Money to the No 1 position in Pakistan. Through the years Rizwan, who believes in building sustainable relationships, has been responsible for progressively expanding Xpress Money's operations in Pakistan through partnerships with various financial institutions such as NBP, UBL, MCB, BOP, JS Bank, BOK, DIB, Tameer Microfinance Bank, PPCBL, Summit Bank, KASB, Telenor & Ufone amongst others over the past few years.
Al Baraka Banking Group (ABG) crossed a net income of $207 million in the first nine months of 2014, as compared to the corresponding period 2013. Similarly, statement of financial positions witnessed good increases. Total assets touched $22.5 billion and total equity crossed $2 billion at end of September 2014.
Mohammad Raza Saeed, the CEO of, holds a Bachelor's degree from LUMS and is determined to bring Pakistan into global IT map by launching ground breaking technology products that can have global impact. was formed in 2003 and has become the largest community based automobile website in Pakistan with more than 300,000 registered car and motorcycle enthusiasts. The website has around 18 Million pages viewed every month, where people search for classifieds, cars and motorcycles as well as discuss and share auto-related issues, information, pictures, videos, etc with other members.


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln