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ABOUT US: Pak Oman Investment Company Limited is a specialised Financial Institution formed as a joint venture between the Governments of Pakistan and Sultanate of Oman in July 2001. The company has equal equity participation by each sovereign sponsor of Rs 3.075 billion with a total paid up capital of Rs 6.15 billion and a professional and independent Board formed primarily from the private sector.
Pak Oman facilitates investments to promote various sectors and acts as a financial link between the Sultanate of Oman and Pakistan. The company has successfully diversified its areas of growth by the launch of Pak Oman Asset Management Company and Pak Oman Microfinance Company.
Pak Oman has a long term credit rating of AA+ and a Corporate Governance Rating 9. It is a well knit entity committed to building businesses and facilitating institutions in achieving their financial objectives.
The corporate culture of the company has been cultivated to accommodate the best practices, the best people and a focused vision.
MISSION AND VISION STATEMENT VisionTo make a tangible contribution to economic development in both sponsoring countries by supporting the Industrial, Agricultural and Service Sectors.
Mission Pak Oman will endeavour to provide cutting edge financial solutions to meet the requirements of its target customer base, with emphasis on customer satisfaction. Our focus will remain on supporting economic development in both sponsoring countries and on maximising returns to all stakeholders. We will aim to be the employer of choice
COMPANY OBJECTIVE: Pak Oman Investment Company's Core objectives include: Promoting and Developing a two way business flow between Pakistan and the Middle East with special emphasis on the Sultanate of Oman Facilitating Omani investment into Pakistan and Pakistani investment into Oman Undertaking financially viable projects that meet socio-economic development goals
CORE VALUE All activities and decisions, at Pak Oman Investment Company are based on, and guided by, the following values: Placing the interests of clients and customers first
-- Continuous quest for quality in all aspects of operations
-- Respectful and dignified Intra-personal relations
-- High ethical and moral standards
-- Teamwork - from the smallest unit to the enterprise as a whole
-- Strong civic sense and responsibility to community
CODE OF ETHICAL BUSINESS PRACTICES Pak Oman Investment Company operates on the basis of honesty, integrity and fair play. All employees are strictly directed to adhere to the Company's Code of Business Practices and ensure that al all dealings be open and transparent. Management and employees are pledged to:
-- Be an ethical role model
-- Treat colleagues with respect and dignity
-- Make only factual and truthful statements about the Company's products
-- Protect and enhance the Company's assets and reputation
-- Understand and comply with Company laws, regulations and policies wherever applicable
-- Comply with health, safety and environmental laws and policies
-- Provide a work environment free from intimidation and harassment
-- Comply with the Company's employee service rules
-- Safeguard the privacy and confidentiality of customer data
-- Protect confidential information and trade secrets
GROUP VIEW Within a short span of time, Pak Oman Investment Company has diversified into new areas of growth. This is evident from the launch of Pak Oman Microfinance Bank and Pak Oman Asset Management Bank. Under the guidance of an experienced and qualified, both the Companies have already made their mark in the financial sector
SERVICES Pak Oman Investment Company provides governments and corporations with investment services, including buying, selling, and trading securities, managing assets, and giving financial advice. The services offered by the bank are divided into three core departments each offering a portfolio of their own.
SUPPORT Support departments help facilitate the profit-centres maximise their output. At Pak Oman Investment Company support departments play a pivotal role in assisting the profit centres
BRANCH OPERATIONS Within a short period Pak Oman Investment Company has opened offices in Lahore, Islamabad, Gwadar and Muscat. Pak Oman is the first Joint Venture Company to take the initiative of establishing an international office. This has helped the company in being closer to the hub of industrial and financial activities and maintains a closer liaison with our existing and potential customers. All branches offer all of Pak Oman's products and services.

Copyright Business Recorder, 2010

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