OVERVIEW (March 13, 2010): BACKGROUND Nishat Mills Limited (NML) is the largest textile composite unit of Pakistan engaged in the business of textile manufacturing and spinning, combing, weaving, bleaching, dyeing, printing, stitching, buying, selling and otherwise dealing in yarn, linen, cloth and other goods and fabrics made from raw cotton, synthetic fibre and cloth, and to generate, accumulate, distribute and supply electricity. The shares of the company are listed on all the three stock exchanges of the country.

OVERVIEW (March 12, 2010): BACKGROUND PICIC Asset Management Company Limited (PICIC AMC) is a wholly owned subsidiary of NIB Bank Limited (NIB). NIB is a subsidiary of Fullerton Financial Holdings Limited which is a wholly owned by Temasek Holdings, the investment arm of the Government of Singapore.

OVERVIEW (March 11, 2010): Pakistan Telecommunications Company Limited was incorporated in Pakistan on December 31, 1995 and commenced business on January 1, 1996. It is listed on all the three stock exchanges of the country.

OVERVIEW (March 10, 2010): Power sector in Pakistan has been in the limelight for a couple of years. As the gap between demand and supply is increasing, the companies also continue to face the problem of acute liquidity shortage because of circular debt.

OVERVIEW (March 09, 2010): The principal activities of Hub Power Company Limited (HUBCO) are to own, operate and maintain an oil-fired power station with a net capacity of 1,200 MW. The plant is located at the Hub river estuary in Balochistan.

OVERVIEW (March 08, 2010): Fazal Textiles Mills (FZTM) is one of the older mills of the country. It is located in Karachi and was taken over by the Yunus Brothers group in March 1987. Yunus Brothers took over FZTM when it had closed down since 1984 due to heavy losses.

OVERVIEW (March 06, 2010): Pakistan Oilfields Limited was incorporated on 25th November 1950. It is a subsidiary of the Attock Oil Company which holds 53.9% stake in the company. In 1978, POL took over the exploration and production business from AOC and since then it has been investing independently as well as in the form of joint ventures with other E&P companies for exploration of oil and gas in and outside Pakistan.

OVERVIEW (March 05, 2010): Arif Habib Securities Limited (AHSL), the holding company of Arif Habib Group, was incorporated on 14th November 1994. It is listed on all the three stock exchanges of the country. It is an investment company and offers a broad range of financial services including advisory, underwriting and brokerage services.

OVERVIEW (March 04, 2010): Pioneer Cement Limited (PIOC) has started its project in November 1994 when its first unit commenced production. The second unit was commissioned in January 2006. PIOC is a medium sized company in the cement sector, which began its operations with an installed capacity of 2000 tons per day clinker.

OVERVIEW (March 03, 2010): Bestway Cement Company Ltd (BWCL) is a subsidiary of Bestway Group of United Kingdom. It was listed on Karachi Stock Exchange in February 2001. The company is a major manufacturer and seller of cement. In FY09, the company held 13.2% local market share and 10% share in total exports of the cement industry. Bestway has been a major exporter to Afghanistan and recently it began exporting to India, Africa and Middle East.