FMAP
Uploaded by
Zeshan ChoudhryFMAP
Uploaded by
Zeshan ChoudhryFMAP
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FMAP
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FMAP
Financial Markets Association Of Pakistan
FINANCIAL MARKETS
ASSOCIATION OF PAKISTAN
AFFILIATED WITH ACI
Mission Statement
To be regarded within the Financial Market
Fraternity,Regulatars & Banking Community as the
Leading Association Representing the Interest of
Financial Markets and to Actively Promote the
Educational, Professional, Ethical & Social Interest
of the Financial Markets and the Banking Industry
Head Office:
Invest Capital Investment Bank Ltd.
C3C, 12th Lane, Ittehad Commercial
Phase II Ext. DHA, Karachi-Pakistan
Tel+92 (21) 111 111 097
Fax+92 (21) 520 8774
Branch Offices:
301, Muhammad Gulistan Khan House
82E, Blue Area, Fazal-e-Haq Road,
Islamabad
Tel+92 (51) 282 5904
Fax+92 (51) 227 5202
1st Floor, State Life Building 34- The Mall,
Peshawar Cantt.
Tel+92 (91) 527 6025-28
Fax +92 (91) 527 3683
16A, Main Gulberg, Near MCB Tower,
Lahore
Tel+92 (42) 5776701-08
Fax+92 (42) 577 6710
www.investcapital.com
DEALERS DIRECTORY 2009
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
FINANCIAL MARKETS
ASSOCIATION OF PAKISTAN
AFFILIATED WITH ACI
OFFICE BEARERS
FINANCIAL MARKETS
ASSOCIATION OF PAKISTAN
President
President
Faizan Mitha
Shah
M. Azim Azmi
Habib Bank Limited
NIB Bank Limited
General
Secretary
General
Secretary
Masoor Ahmed
Qureshi
Muhammad
Abdullah
Ahmed
Faisal
Bank
Ltd
Meezan Bank Limited
Assistant
AssistantSecretary
Secretary
Muhammad
Ismail
Fahim Ahmed,
CFAUsuf
National
Bank
Pakistan
Deutsche
BankofAG
Treasurer
Treasurer
Masood
A. S. Wahedna
Mohammad Abdullah Ahmed, ACIF,FRM
TheMeezan
Bank of
Khyber
Bank
AFFILIATED WITH ACI
The Financial Markets Association of Pakistan (FMAP) is a non-profit
professional body of the Money Market & Foreign Exchange dealers of
banks, financial institutions and brokerage houses in the country. The
FMAP is affiliated with ACI Paris, France, the apex body of dealers in
money and foreign exchange markets globally.
The Primary objective of FMAP is to promote the financial markets (Money
& Foreign Exchange) related activities and issues vis-a-vis the market,
its participants and relationship with the State Bank of Pakistan.
The Association works to cultivate, promote and enhance the education
of foreign exchange, money markets management and dealing in other
financial instruments, to hold seminars, symposia, workshops etc. on
national and international levels, and to provide advisory services to
commercial and investment banks as well as development financial
institutions.
MEMBERS EXECUTIVE COMMITTEE
Asif Hasan Siddiqui
Hasan
Syed
UnitedZia
Bank
Limited
Habib Bank Limited
Ehtesham Rashid
Muhammad
Anees Abbasi
National Bank of Pakistan
Soneri Bak limited
Shah M.
Azim Azmi
Qasim
Nadeem
NIBBank
Bank Limited
Limited
Barclays
SyedAhmed
Zain Raza
Kazmi
Faheem
Khan
Silk Bank
Limited
Allied
Bank
Kashif Rafi
Sarah Siddiqui
JS Investment Limited
CitiBank, NA
DEALERS DIRECTORY 2009
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FINANCIAL MARKETS ASSOCIATION OF PAKISTAN
FINANCIAL MARKETS ASSOCIATION OF PAKISTAN
Mohammad Khalid
Dr. Naim Abdullah
Mumtaz Yousuf
Zohar Ali
Nasim Akbar
Masoor A.
Qureshi
Saashah Chughtai
DEALERS DIRECTORY 2009
EXECUTIVE
COMMITTE
Ayaz Wasey
Mohammad Yaseen
Nusrat Vohra
Shaikh Khalid Jamil
Syed Ehsan Ahmed
Feroz Ansari
Feroz Ansari
Asad Qureshi
Nasim Akbar
Mohammad Ali Malik
Owais Mandvia
Faheem Ahmed
Asad Qureshi
Asif Qasim
Syed Ahmer Hasan
Murad Azim
M. Abdullah Ahmed
Nauman Afzal Tariq
Asif Qasim
Syed Ali Sultan
Syed Furrukh Zaeem
Muzzaffar Khan
Masood A. S. Wahedna
Shah Miftah-ul-Azim-Azmi
Faisal Anwar
Shah Miftah-ul- M. Javaid Alam
Azim Azmi
Saba Farrukh
Masood A. S. Wahedna
Shuja Haider
PRESIDENT
GENERAL
SECRETARY
ASSISTANT
SECRETARY
TREASURER
2003-2004
Nasim Akar
Salman A. Usmani
2001-2002
Shaikh Khalid Jamil
M. R. Mehkari
M. R. Mehkari
TREASURER
Nasim Akbar
Masoor
Saashah Chughtai
Rehan Ateeq
2004-2006
M. Naeemuddin
Imran Ahad
ASSISTANT
SECRETARY
Salman A. Usmani
Asad Qureshi
Arif Raza
Masood A.S.
Wahedna
2006-2007
Mohammad
Hanif Akhai
GENERAL
SECRETARY
2002-2003
2000-2001
1998-2000
1997-1998
PRESIDENT
Former Committee Members
Masroor Ahmed
Qureshi
Zafar Iqbal
Arif Raza
Muhammad
Ismail Yousuf
2007-2008
Former Committee Members
Zafar Iqbal
Syed Farrukh
Zaeem
Muhammad
Ismail Yousuf
Masood A. S.
Whaedna
EXECUTIVE
COMMITTE
Faisal Anwer
M. Javaid Alam
Shuja Haider
Muhammad Rizwan Malik
Nazia Enam Siddiqui
Asad Ali Muji
Muhammad Rizwan Malik
Pervez Shahbaz Khan
Zafar Hussain
Zarak Mooraj
Kanwar Shahzad
Amir Nasib
Razi Akthar
Saqib Bari
Ahmed Ateeq
Adil Mehmood
Ali Zaman Khan
Kanwar Shahzad
M. Usman Siddiqui
Rameez H. Loan
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
COMPANY PROFILE:
INVEST CAPITAL INVESTMENT BANK LIMITED
Invest Capital Investment Bank Limited is a leading financial services
provider with branches all across the country.
InvestBank is a Corporate Member of the Karachi Stock Exchange
(Guarantee) Limited & National Commodity Exchange Limited.
It serves a diverse client base that includes financial institutions, public
and private sector corporations and high net worth individuals by
providing them with a complete and comprehensive range of financial
services including Portfolio Management.
InvestBank has strong belief in ethical business practices, integrity,
efficiency and innovation. These four principles serve as the corner
stone of the companys corporate philosophy.
The Research capability is based on a core team of in-house research
professionals, supported by a state-of-the-art computer system, an on
-line financial and economic database, and a comprehensive stock of
books, journals, reports and statistical publications. This gives
InvestBank the ability to render sound advice on matters pertaining to
Valuation and Strategic Asset Management. Due to its focus on quality
service and timely research, the CFA association of Pakistan has awarded
InvestBank as amongst one of the top-4 Best Equity Brokerage Houses
in Pakistan for 2008-09 (awarded Best Equity Brokerage and Research
House twice in the last 5 years) In the same vein, the CFA association of
Pakistan has also awarded InvestBank research analyst Khurram Schehzad as
amongst one of the top-4 Best Analysts in Pakistan for 2008-09.
A professional and highly dedicated Management Team made up of
young, dynamic, highly qualified professionals that include MBAs, Cost
and Management Accountant and post-graduate specialists, trained to
understand the specific needs of each of their clients. These individuals
combine to bring together a rich and diverse experience, covering both
the domestic as well as the international financial markets and have
available to them a very extensive and large network of local and
international contacts. Through constant monitoring and interaction,
each team member has a finger on the pulse of the market, which is
why InvestBank offers tailor-made solutions to satisfy the unique needs
of each and every one of its clients.
DEALERS DIRECTORY 2009
PRODUCT PORTFOLIO
Investment Banking & Corporate Finance: InvestBank undertakes the
placement of Corporate Equity and Debt Instruments, underwriting of
new Debt and Equity Issues and arranging public flotation of these
issues. InvestBank develops complete and innovative financial solutions
in the industry to meet clients requirement in dynamic industries and
markets. InvestBank possesses the finest ability to arrange loan
syndication as well as structured finance for small and medium sized
enterprises. InvestBank also provides Corporate Financial Advisory
Services to the private sector firms and companies, with an emphasis
on the area of Mergers and Acquisitions (M&A) as well as the
privatization of state owned enterprises. Our key transactions mentioned
below will provide a snapshot of our dedicated and professional
commitment to our valued Investment Banking Group clients. InvestBank
has been involved in most of the major financial sector corporate advisory
transactions that have taken place in the local market during the past
couple of years. Our recognized skill set, which makes us a first choice
financial partner for entities seeking financial advice, includes:
Our award winning Research (Awarded Best Equity Research House,
and Best Equity Research Analyst by CFA Association of Pakistan)
Our proven track record (Buy/Sell side adviser in three of the four
largest acquisition transactions during the recent years)
Our recognized integrity (InvestBank does not run a proprietary trading
book, and our investment advise has always been well researched,
fair, and objective)
Merger & Acquisition: InvestBank has been a key player in this
field and has provided financial advisory services to Buyers/Sellers in
most of the significant M&A transactions that have taken place in
Pakistan in the recent past, including:
Acquisition of Union Bank Limited by Standard Chartered Bank.
Acquisition of Prime Commercial Bank Limited by ABN AMRO Bank.
Acquisition of Saudi Pak Commercial Bank by the buyers Consortium
of Bank Musact SAOG, International Finance Corporation, Nomura
European Investments Limited, and Sinthos Capital.
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Financial Markets Association Of Pakistan
Structured Finance: InvestBank has been active in undertaking
the placement of Corporate Equity and Debt instruments, underwriting
of new Debt and Equity Issues and arranging secondary offerings.
Specifically within the area of Corporate Finance, we facilitate capital
markets access, private placements,private equity and early stage
venture financing. We also arrange loan syndications and structured
finance for small and medium size enterprises.
Financial and Economic Research: A core team of in-house
professionals and a state of- the-art on-line financial and economic
database strengthens and enhances InvestBanks capability to make
available timely, relevant and reliable data on industry, commerce and
the prevailing national and global economic scenarios. Increased
economic uncertainty has made reasonably accurate economic
forecasting vital and InvestBank prides itself for providing a clear and
constantly updated market picture to its clients, thus helping them in
making timely and beneficial investment decisions. The research team
assists the fixed income/treasury and equity group by carrying out
regular independent analysis of the prevalent economic environment.
This is done to keep track of the constantly changing market conditions,
identify the market trends and dynamics and their eventual impact on
key economic fundamentals like growth, inflation, interest rates and all
other areas of the economy. Based on this research, strategies are
devised for fixed income investors and it is noticeable here that
InvestBank is the first company to introduce derivatives products
solutions backed by sound research, such as swapping and
Investment in emerging derivative market in Pakistan. The InvestBank
web site also provides a daily market update to facilitate the investor.
We cater institutional clients with long term perspective and based on
growth potential along with fair and independent valuations for the
target companies.
Portfolio Management and Investment Advisory: Our
ability to make speedy and correct decisions about investment mix and
policy, matching investments to objectives, asset allocation for
DEALERS DIRECTORY 2009
Financial Markets Association Of Pakistan
individuals and institutions, and balancing risk against performance
is the key element behind our success. Portfolio management is all
about capitalizing on strengths and cashing in on opportunities, at the
same time avoiding threats and underplaying weaknesses,while making
a choice regarding debt vs. equity, domestic vs. international, growth
vs. safety, and many other tradeoffs encountered in the attempt to
maximize returns at a given appetite for risk. InvestBank's in-depth
market knowledge enables us to provide sound advice on Capital
preservation, investment performance and maintenance of liquidity.
This advice covers a range of asset classes, covering equity, fixed
income and FX. The institute advised following funds:
Designed and managed Pilots Occupational Disability Fund for the
Pakistan Airline Pilots Associations (PALPA)
Advisory services to the Government of Sindh on debt management for
its Rs.110 Billion portfolio
Wealth Management: Wealth Management has over the years,
evolved from managing the assets of high net worth individuals, through
providing financial consultancy to such persons, to its present form of
private banking that provides various types of investment, insurance
and banking products and services. InvestBank, through its equity
brokerage arm, and its active corporate advisory desk, has built up a
client list of High Net Worth individuals who are prime users of the
wealth management products that we offer. At present, most of the
wealth management solutions available are from the off-shore markets,
whose coverage is restricted to the very high end of the market.
Fixed Income/Money Market and Foreign
Exchange Brokerage: InvestCap, the brokerage arm of InvestBank
has over the years established itself as a leading money market and
foreign exchange brokerage. A pioneer in the area of trading money
market funds on behalf of some of the leading financial institutions,
InvestCap is also one of the first companies in Pakistan to serve as a
market maker for Corporate Debt (Term Finance Certificates).
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Financial Markets Association Of Pakistan
Our area of expertise also extends to trading sovereign debt. Today,
on average InvestBank brokers 20-25% of the total market volume on
daily basis. The bank provides this service to all leading local and
multinational banks, major nonbanking financial institutions. By
combining essential economic analysis with market information, the
team has successfully maintained its lead over the other players in this
field.
Financial Markets Association Of Pakistan
where the needs of our clients always come first. By adhering to
exemplary standards and conducting our business with excellence
and integrity, we enhance our own reputation and cultivate the growth
of our business.
Equity Brokerage: Since its inception in December 1997, our
equity brokerage operation has enjoyed unprecedented growth. In
addition to the Karachi, a strong presence in Lahore, Islamabad and
Peshawar has provided great strength and support to this area of our
operations. Today as a consequence ,InvestBank is on the panel of all
the leading local institutional investors in the country. Concurrently,
InvestBank caters to foreign institutional investors and has a growing
number of individual clients. InvestBank equity operations have an
approximate 3% share of the institutional business. InvestBank through
its brokerage arm InvestCap has established itself as a premier equity
broker over the past decade.
Commodities Brokerage: The globalization of financial markets
has made asset diversification and managing portfolio risk more
important than ever. Investors seeking a more sophisticated method of
portfolio diversification have been turning to commodities. Futures
contracts such as stock indices, debt instruments, currencies, energies,
metals, and agricultural commodities offer an effective separate asset
class to diversify an investors portfolio. In fact, studies have shown that
a portfolio consisting solely of stocks and bonds may potentially have
inferior performance and more risk than a portfolio that diversifies into
commodity futures. The recent growth of automated futures trading
systems offers investors a viable and low-maintenance approach to
achieving such a diversification in commodities.
At InvestBank, we actively trade in commodities and have developed
a strong expertise in this area so as to be able to provide an additiona
l area of investment to our clients. We believe in creating a culture
DEALERS DIRECTORY 2009
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Contents
Commercial Banks
Allied Bank Limited
Arif Habib Bank Limited
Askari Bank Limited
Atlas Bank Limited
Bank Al-falah Limited
Bank AL-Habib Limited
Bank Of Khyber
The Bank Of Punjab
BankIslami Pakistan Limited
Barclays Bank PLC, Pakistan
Citibank N.A.
Dawood Islamic Bank Ltd.
Deutsche Bank AG
Dubai Islamic Bank Pakistan Ltd.
Emirates Global Islamic Bank Ltd.
Faysal Bank Ltd.
First Women Bank Limited
Habib Bank Limited
Habib Metropolitan Bank Limited
HSBC Bank Middle East Limited
Industrial Development Bank of Pakistan.
JS Bank Limited
KASB Bank Limited
Meezan Bank Limited
MCB Bank Limited
My Bank Limted
National Bank Of Pakistan
NIB Bank Limited
DEALERS DIRECTORY 2009
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48
49
50
51
52
53
54
55
57
58
59
61
63
64
65
66
68
69
Oman International Bank
Samba Bank Limited
Silk Bank
SME Bank Limited
Soneri Bank Limited
Standard Chartered Bank (Pakistan) Ltd
The Royal Bank Of Scotland Limited
The Bank Of Tokyo - Mitsubishi UFJ Ltd.
United Bank Limited
Non Banking Financial Institutions
AKD Investment Management Ltd.
Al-Falah GhP Investment Management Ltd.
Arif Habib Investment Management Limited.
AMZ Asset Mangement Limited
ABL Asset Mangement Co. Ltd
Escorts Investment Bank Ltd.
First Credit & Investment Bank Ltd.
Habib Asset Management Limited
HBL Asset Management Limited
House Building Finance Corporation Ltd
IGI Financial Services
Invest Capital Investment Bank Limited
JS Investments Limited
KASB Funds Limited
Khushali Bank Limited
MCB Asset Management Company Ltd.
NBP Capital Limited
National Fullerton Asset Management Limited.
Pak Brunei Investment Company Ltd.
Pak China Investment Company Ltd.
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
State Bank of Pakistan
Pak Iran Joint Investment Company Ltd
Pak Kuwait Investment Company (Pvt) Ltd.
Pak Libya Holding Company (Pvt.) Ltd.
Pak Oman Investment Company
Pak Oman Asset Management Co. Ltd.
Saudi Pak Industrial & Agricultural Inv. Co. Ltd.
Saudi Pak Leasing Co. Ltd
Security Investment Bank Limited
The First Microfinance Bank Ltd.
UBL Fund Managers Limited
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99
100
101
102
103
Brokerage Houses
Akhai Capital Management (Pvt) Ltd
Alfalah Securities (Pvt) Ltd.
AMZ Securities (Pvt) Ltd.
Atlas Capital Markets (Pvt) Ltd.
BMA Capital Management
Elixir Securities Pakistan (Pvt) Ltd.
First Capital Securities Corporation Ltd
First Dawood Investment Bank Ltd.(Brokerage Division)
Global Securities Pakistan Limited
IGI Finex Securities Limited
Invest Capital Investment Bank Limited (Brokerage Division)
Invisor Securities (Pvt) Ltd.
JS Global Capital Limited
KASB Securities Limited
Mumtaz Enterprises (Pvt) Ltd
Fixed Income Research
Conclusion
DEALERS DIRECTORY 2009
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107
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135
PABX
111-727-111 & 9212400
Governor
Tel
Fax
Syed Salim Raza
9212447
9212446
Executive Secretary
To Governor
Tel
Fax
Flaxy Elizabeth Pereira
Deputy Governor
Tel
Fax
Yaseen Anwar
9212451
9212427
Deputy Governor
Tel
Fax
Mansur-ur-rehman Khan
9212456
9212414
Economic Advisor
Tel
Fax
Riaz Riazuddin
9212535
9211488
Executive Director
Financial Markets &
Reserve Management
Tel
Fax
Asad Qureshi
Chief Risk Officer
Tel
Fax
Suleman Chhagla
9212467
9217183
Director - Domestic Market &
Monetary Management
Tel
Fax
Muhammad Ali Malik
Director Exchange Policy Dept.
Syed Samar Husnain
9212447
9212446
9212453
9212561
9213960
9212416
DEALERS DIRECTORY 2009
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
State Bank of Pakistan
Securities & Exchange Commission of Pakistan
Chairman
Tel
Fax
Director - International
Markets& Investments
Director - Financial Markets
Strategies & Conduct
Tel
Fax
9212459
9212527
TBA
TBA
N/A
N/A
Managing Director SBP - BSC
Tel
Fax
Kamran Shahzad
9212349
9217304
Dealing Room
Senior Joint Director
Tel
Fax
Faisal Maqsood
2453429 - 9213627
9212476-7
Domestic Money Market Division Muhammad Faisal, Mustansar Javed,
Amjad Khan, Anum Bajwa, Rashid Iqbal
Tel
9213967-8, 2453425-71-91
Fax
9212476-7
Salman Ali Shaikh
Commissioner Specialized Companies Division
Tel
Email
Commissioner
+92-51-9206513
[email protected]
S. Tariq A. Hussain
Commissioner Legal
Tel
Email
Commissioner
Securities Market Division
Tel
Email
Executive Directors
Securities Market Division
Tel
Email
Executive Director/CIO
+92-51-9210206
[email protected]
Muhammad Sohail Dayala
+92-51-9222771
[email protected]
Akif Saeed
+92-51-9212084
[email protected]
Arshad Javed Minhas
Information Systems & Technology
Division (IS&T Division)
Tel
Email
Executive Director
+92-51-9212103
[email protected]
Javed K Siddiqui
Finance & Adminstration Division
Domestic FX Division
Tel
Fax
FX Liquidity & Gold Division
Tel
Fax
Babar Ali, Adeel Imtiaz, Farah Farooqi
Abdul Nadeem
9213966, 9212478-9, 2453417-19
9212476-9212477
Ashar Sajjad, Austin Ismat,
Asmaa Yosuf, Quratul-ain
9212479, 2453438
9212476-9212477
Tel
Email
Executive Director
Mansur Ahsan
HR & Training Division
Tel
Email
Executive Director
+92-51-9206014
[email protected]
Nazir A. Shaheen
Administration Department
Tel
Email
DEALERS DIRECTORY 2009
+92-51-9206003
[email protected]
+92-51-9206306
[email protected]
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Securities & Exchange Commission of Pakistan
Securities & Exchange Commission of Pakistan
Executive Directotr
Director
Nasreen Rashid
Insurance Division South
Ali Azeem Ikram
Enforcement Department
Tel
Email
+92-51-2423080
[email protected]
Tel
Email
+92-51-9205588
[email protected]
Executive Director
S. Gulrez Yazdani
Director
Amir M. Khan Afridi
Tel
Email
+92-51-9203126
[email protected]
Tel
Email
+92-51-9203958
[email protected]
Executive Director
Shahid Nasim
Director
Bushra Aslam
Chairman Secretariat
Specialized Companies Division karachi
Tel
Email
+92-21-2416032
[email protected]
Executive Director
Tahir Mehmood
Enforcement Department
Tel
Email
+92-51-9207598
[email protected]
Advisors
Advisor to Commission
Abdul Rehman Qureshi
Chairman Secretariat
Tel
Email
+92-51-9202692
[email protected]
Advisor
Dr. Mumtaz Hashmi
Securites Marketing Division Islamabad
Finance Department
Tel
Email
+92-51-9221513
[email protected]
Director
Fayyaz Mahmood
Chairman Secretarial
Tel
Email
+92-51-9207648
[email protected]
Director
Hizbullah Siddiqui
Securities Market Division
Tel
Email
+92-51-9206317
[email protected]
Director
Hasnat Ahmed
Pensions Wing
Insurance
Tel
Email
+92-21-9213273
[email protected]
Tel
Email
+92-51-9206011
[email protected]
Director
Ibtesam Moatisim Khan
Registration Department, Islamabad
Directors
Director
Abid Hussain
Tel
Email
+92-51-9206515
[email protected]
Director
Imran Inayat Butt
Enforcement Department
Tel
Email
+92-51-9205921
[email protected]
Director
Asif Jalal Bhatti
NBFC
Tel
Email
DEALERS DIRECTORY 2009
+92-51-9218597
[email protected]
Securities Market Division
Tel
Email
+92-51-9225224
[email protected]
Director
Imran Ghaznavi
Head of Internal & External
Communications/Official Spokesman
Tel
Email
+92-51-9214005
[email protected]
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Securities & Exchange Commission of Pakistan
Securities & Exchange Commission of Pakistan
Director
Director
Musarat Jabeen
Securities Marketing Division Islamabad
Tel
Email
+92-51-9218591
[email protected]
Director
Mohammad Afzal
Tariq Hussain
Enforcement Department
Tel
Email
+92-51-9207598
[email protected]
Director
Umer Hayat Khan
NBFC
NBFC
Tel
Email
+92-51-9212050
[email protected]
Director
M. Ashraf Tiwana
Legal Department
Tel
Email
+92-51-9206015
[email protected]
Director
Muhammad Faiz-ur-Rahman
Finance and Accounts Depatment
Tel
Email
+92-51-111-117-327(Ext:301)
[email protected]
Director
Rashid S. Piracha
Specialized Companies Division
Tel
Email
+92-51-9214006
[email protected]
Director
Sarwat Aftab
Specialized Companies Division,
Islamabad
Tel
Email
+92-51-9210211
[email protected]
Director
Ubaidullah S. Ansari
Training Department, Islamabad
Tel
Email
+92-51-9205721
[email protected]
Director
Waseem Irshad
Administration Department - South
Tel
Email
+92-51-9205713
[email protected]
Registrars
Jawed Hussain
Registrar of Companies
Head Office, Islamabad
Tel
Email
+92-51-9204165
[email protected]
Registrar Modarba
Bilal Rasul
Head Office, Islamabad
Tel
Email
+92-51-9218597
[email protected]
Akbar Shah
Tel
Email
+92-51-9230100
[email protected]
Additional Registrar
Director
Sultan Mazhar Sher
Tel
Email
+92-51-9206219
[email protected]
Additional Registrar
Ahmed Muzamil
Legal Department, Islamabad
Tel
Email
+92-51-9230055
[email protected]
Director
Tariq Bakhtawar
Enforcement Department
Tel
Email
DEALERS DIRECTORY 2009
+92-51-9209707
[email protected]
CRO, Islamabad
Head Office, Islamabad
Tel
Email
+92-51-9207091
[email protected]
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association of Pakistan
Securities & Exchange Commission of Pakistan
Additional Registrar
Head Office, Islamabad
Tel
Muhammad Musharraf Khan
AdditionalRegistrar
CRO Islamabad
Tel
Email
Mubasher Saeed Saozai
Additional Registrar
CRO Lahore
Tel
Email
Muhammad Naveed Chaudhry
Additional Registrar
CRO, Karachi
Tel
Email
Shaukat Hussain
Joint Registrar
CRO Multan
Tel
Email
Muhammad Naeem Khan
Joint Registrar
CRO Peshawar
Tel
Email
M. Mudassar Rahim
Joint Registrar
CRO Lahore
Tel
Email
Shahbaz Sarwar
Deputy Registrar
CRO Sukkur And Multan
Tel
Email
Iftikhar Hassan Naqvi
Deputy Registrar
CRO Quetta
Tel
Email
Kashif Mahmood
Deputy Registrar
Legal Department - Appellate Bench
Head Office, Islamabad
Tel
Email
Muhammad Sohaib
Joint Registratiion
CRO Faisalabad
Tel
Fax
Email
Mahboob Ahmed
DEALERS DIRECTORY 2009
+92-51-9208740
[email protected]
+92-51-9206219
[email protected]
+92-42-9200273
[email protected]
+92-21-9213272
[email protected]
+92-61-9200920
[email protected]
+92-91-9213178
[email protected]
+92-41-9220284
[email protected]
+92-71-5630517
[email protected]
+92-81-2844136
[email protected]
+92-51-9207091-3 Ext. 305
[email protected]
+92-41-9220284
+92-41-9220152
[email protected]
Commercial
Banks
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
FINANCIAL MARKETS ASSOCIATION OF PAKISTAN
FINANCIAL MARKETS ASSOCIATION OF PAKISTAN
Allied Bank Limited
Arif Habib Bank Limited
Line Of Business
President
Address
Line Of Business
President
Address
Telephone
Fax
Country Treasury Address
Commercial Banking
Aftab Manzoor
ABL Building Bath Island, Khayban-e-Iqbal
Bath Island Clifton, Karachi.
5868770-5874221
5835525
Telex
Fax
Mezzanine Floor ABL Building, Central
Office Khayban-e-iqbal, Clifton Karachi.
21746 ABLCO PK
5835083
Reuters Dealing Code
Swift
ABLK, ABLM
ABPAPKKA
[email protected]
Country Treasurer
Tel
Muhammad Yaseen
5834941
Chief Dealer
Tel
Ahmed Faheem Khan
5370412
Head of Fx & TMU
Tel
Bashir Merchant
5370732, 5301038
Dealer Fx
Tel
Sadiq Mustafa, Zafar Iqbal
5301034
Corporate Dealer
Tel
Telephone
Fax
Country Treasurery
Address
PABX
Fax
Reuters Dealing Code
Swift
Commercial Banking
Hussain Lawai
Arif Habib Centre, 12, M.T. Khan
Road, Karachi
2463570
2463575
1St Floor, Uni Tower, I.I. Chundrigar
Road, Karachi
2466410-13
2466592
AHRBPKKA
Country Treasurer
Telephone
Asif Qasim
2466502
Chief Dealer MM/ Fx
Telephone
Noor Muhammad Ali
2466505, 2466506 (ext.127)
Muhammad Kamran, Hadi Muhammad
Momin, Faraz Yahya, Saud Humayun
5301038, 5370907
Senior Dealer
Telephone
Sahar Siddiqui
2466503, 2466414 (ext.126)
Head of MM
Tel
Razi Akhtar
53709095, 5301025
Dealer
Telephone
Syed Zamir-ul-hasan
2466505 (ext.127)
Dealer MM
Tel
Syed Javed Abbas
5370909, 5301025
Dealer
Telephone
Noman Iqbal Makda
2466506 (ext.126)
MM Support
UAN
Tel
Muhammad Muneeb Jaffary
111-110-110 (ext. 2108)
5370730
Head Of Treasury Operations
Telephone
Saleem Sultan Ali Lassi
2466508 (ext.131)
Dealer ALM
Tel
Saira Khalid
5370730
Treasury Operations
Group Head Trops
Tel
Fax
Imran Farooqui
5370737
53011026
MM Settlement
Telephone
FX Settlement
M. Munir Hussain
2413613
Mansoor M. Burney &
Ahmer Hasnain
2423630 (ext.159 & 133)
MM Settlement
Tel
Fax
Muhammad Qamaruddin
5370737
5370739
Equity Settlement
FX Settlement
Tel
Fax
Ali Akbar
5301027
5370734
Telephone
Fax
Telephone
Ahmer Hasnain &
Syed Hasan Raza Rizvi
2423630 (ext.133 & 159)
2466592
25 26
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Askari Bank Limited
Atlas Bank Limited
Line of Business
CEO
Address
Telephone
Fax
Commercial Banking
M.R Mehkari
AWT Plaza, The Mall, Rawalpindi
051-9063000
051-9271982
Line Of Business
Chief Executive Officer
Address
Country TreasuryAddress
Address
Tel
Fax
Reuters Dealing Code
Swift
4th Floor, AWT Plaza, I.I.
Chundrigar Road, Karachi.
2629061-4
2629066, 2628716
ASPK
ASCMPKKA
Country Treasurer
Telephone
Rehan Mir
2632169, 2629061-4
Chief Dealer MM
Tel
M. Siddiq Ismail
2636256, 2273381, 2629061-4
Dealer MM
Telephone
Rashid Waheed
2636256, 2273381, 2629061-4
Chief Dealer FX
Telephone
Adnan Altaf
2626257, 2629061-4
Chief Dealer Islamic Treasury
& Head of Corporate Desk
Telephone
Adnan Rashid
Corporate Dealer
Telephone
Treasury Operations
Head Of Treasury Operation
Telephone
MM Settlement
Telephone
FX Settlement
Telephone
Fax
2212088, 2629061-4
M. Nasim Ilyas
2273425, 2629061-4
Abdul Jabbar
2635861, 2629061-4
Muhammad Anwer, Yasser Naseem,
Hyder Hasan
2211559, 2629061-4 Ext 210-223
Muhammad Anwer, Riaz Muhammad,
Syed Abid Ali
2211559, 2629061 Ext: 210-223
2629066, 2628716, 2211558
Telephone
Swift
Telex
Fax
Website
E-mail
Country Treasury
Address
Telephone
Fax
Reuter Dealing Code
Swift
Telex
Group Head,
Treasury & Investments
Telephone
Fax
Email
Commercial Banking
Aziz Rajkotwala
3Rd, Floor, Federation House,
Sharah-e-firdousi, Clifton, Karachi
111-333-225, 5866817-21,5866919-20
DBHDPKKA
47775 ABIBL PK
021-5870543
www.atlasbank.com.pk
[email protected]
3rd, Floor, Federation House,
Sharah-e-firdousi, Clifton, Karachi
5369275-76, 5368275-76, 5829363
021-5822407
ATLB
DBHDPKKA
47775 ABIBL PK
Farooq Saleem
021-5369284, 5368284, 5829360,
111-333-225 Ext: 331
5870543
[email protected]
Head Of Interbank Trading
Telephone
Zubair Aziz
5369275-76, 5368275-76,
5829370, 111-333-225 Ext: 342
Chief Dealer MM
Telephone
Zubair Aziz
021-5369275-76, 5368275-76,
5829370
5822407
[email protected]
Fax
Email
27 28
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Atlas Bank Limited
Bank Al-falah Limited
Head FX & Sales Unit
Telephone
Arsalan Sattar
021-5369276, 5290279, 5829363,
111-333-225 Ext: 344
5822407
[email protected]
Line Of Business
Ceo/Divisional Head
Address
Telephone
Telex
Fax
Commercial Banking
Sirajuddin Aziz
B.A Building, I.I. Chundrigar Road, Karachi
2416795, 2416966
29823 FALAHPK
2434183
Faisal Qamar Khan
021-5369265, 5368265,
5829364, 111-333-225 Ext: 333
5822407
[email protected]
Country Treasurer
Email
Address
Telephone
Zafar Iqbal
[email protected]
B.A Building, I.I. Chundrigar Road, Karachi
2416997
Reuters Dealing Code
Swift
PABX
FLAH & BKAF
ALFHPKKA
zafari@bankalfalah
111-777-786 Ext: 2507
Assistant General Manager MM
Telephone
PABX
Muhammad Noman Baqai
2413004, 2417476
111-777-786 Ext: 2235
[email protected]
Head Money Market
Telephone
PABX
Deputy Manager MM
Telephone
PABX
Ebrahim M. Siddique
2413004,2417476
111-777-786 Ext: 2235
[email protected]
S.M. Askari
241-3004,2417476
111-777-786(Ext: 2235)
[email protected]
Money Market Dealer (Trainee)
Telephone
PABX
Sara Sharieff, Hanook Arshad
2413004,2417476
111-777-786 Ext 2235
Assistant General Manager,
FX Interbank
Telephone
PABX
Shahzad Abdullah
Fax
Email
Head Of Equities Sales
Telephone
Fax
Email
Blotter Management
Telephone
Fax
Email
Treasury Operations
Irfan Nabi
021-5368276, 5829366,
111-333-225 Ext: 343
5822407
[email protected]
Head of Treasury Operations
Telephone
Mohammad Wasim
021-5290270, 5829369,
111-333-225 Ext: 261
In Charge Settlement MM/ FX
Telephone
Abdul Rasheed
021-5829361, 111-333-225 Ext: 263
Settlement Officer MM/ FX
Telephone
Shafeeq Paracha
021-5829367, 111-333-225 Ext: 265
Equity Settlement Officer
Telephone
Fax
Farrukh Khurshid
021-5829365, 111-333-225 Ext: 262
5874887
2414431, 2418543
111-777-786 Ext:2293
[email protected]
29 30
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Bank Al-falah Limited
Bank AL-Habib Limited
Assistant General Manager
Fx Corporate
Telephone
PABX
Muhammad Najm Uddin Syed
Line of Business
CEO
Address
FX Dealer
FX Trainee Dealer
Telephone
PABX
Email
Imran Babar
Ali Ayub
2414431, 2418543
111-777-786 Ext:2293
[email protected],
Treasury Operations
Head of treasury Operations
Telephone
Fax
PABX
Email
Muhammad Adil Siddiqui
2461284 & 2461255
2430396, 2461250
111-777-786(Ext: 2282)
[email protected]
Unit Manager (FX Settlement)
Telephone
Fax
PABX
Nayar Afzal Siddiqui
2461270
2430396 & 2461250
111-777-786(Ext: 2231)
[email protected]
Unit Manager (MM Settlement)
Telephone
Fax
PABX
Ahmed Ali Iraqui
2461255
2461253 & 2461294
111-777-786 Ext: 2496
[email protected]
Unit Manager (Equity Settlement)
Telephone
Fax
PABX
Muhammad Younus Sattar
2416944
2461250 & 2461294
111-777-786 Ext: 2242
[email protected]
2414431, 2418543
111-777-786 Ext:2293
[email protected]
Telephone
Fax
Country Treasury
Address
Commercial Banking
Abbas D. Habib
Mackinnons Building I.I.
Chundrigar Road, Karachi.
2412986(4 Lines) 111-786-110
2419752 - 2425423
Telex
Fax
Reuters Dealing Code
Swift
2nd Mackinnons Building I.I.
Chundrigar Road, Karachi.
2428477
BAHP
BAHLPKKA
Country Treasurer
Telephone
Raza Ali
111-077-077 / 2473009-11
Chief Dealer MM
Telephone
Hasnain Shaban Ali
111-077-077 / 2473009-11
Chief Dealer FX
Telephone
Syed Samin Hussain
111-077-077 / 2473009-11
Dealer FX
Telephone
Fazal Abbas
111-077-077 / 2473009-11
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Ashiq Abbas
Muhammad Ali
Asif Shaban Lalani
Asif Jalil
2417875 / 111-786-110
2417822, 2417952
31 32
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Bank Of Khyber
Line Of Business
Ceo
Address
Telephone
Fax
Country Treasury
Address
The Bank Of Punjab
Commercial Banking
Bilal Mustafa
24, The Mall, Peshawar Cantt.
Peshawar
091-111-95-95-95, 091-5279977
091-5278146
Telex
Fax
Reuters Dealing Code
Swift
Country Treasurer
Telephone
BOKT
KHYBPKKA
Masood A.S. Wahedna
021-5635014, 021-5635016
Chief Dealer MM & FX
Telephone
Khursheed Chanda
021-5610201
Senior Dealer MM
Dealers MM
Telephone
Uzma Salman
Khalid Khan
021-5610259, 021-5635018
Senior Dealer FX
Dealers
Telephone
Sumera Pirzada
Shehbaz Hussain
021-5611877, 021-5612356
Treasury Operations
Incharge Settlement
MM Settlement
Fx Settlement
Telephone
Fax
Suhail Iqbal
Faiq Musavi
Rahimdad Khan
021-5611811, 021-5611812
021-5611876
DEALERS DIRECTORY 2009
Telephone
Fax
Country Treasury
Commercial Banking
Naeemuddin Khan
Khalid Siddiq Tirmizey
The Bank of Punjab (Bop Tower)
10-B, E/Ii, Main Boulevard, Gulberg III, Lahore.
042-5783700-10
042-5783713
Telephone
Fax
The Bank Of Punjab, Business &
Finance Centre, I.I. Chundrigar Road, Karachi
Treasury Division, Business &
Finance Centre, I.I. Chundrigar Road, Karachi
021-2460087-89, 2467067, 2472950
021-2472991
Reuters Dealing Code
Swift
BOPK
BPUNPKKA
Head of Treasury
Telephone
PABX
Khawar S. Ansari
021-2412113
021-2401870-3
Head of Money Market
Telephone
PABX
Fax
Syed Misbahuddin Rizvi
021-2471790, 8140018
021-2460087-89
021-2472991
Dealers MM
Telephone
PABX
Ashar Shaida & Ammad Bin Yunus
021-8140016, 2467067
021-2460087-89
Dealers FX
Telephone
PABX
Amjad Hussain & Zeeshan Ali
021-8140018, 2472950
021-2460087-89
Head of Structured Products
Telephone
PABX
Fax
Saba Farrukh
021-2471790, 8140015
021-2460087-89
021-2472991
Manager ALM
Telephone
PABX
Fax
Malik Barolia
021-8140016
021-2460087-89
021-2472991
Treasury Operation
Incharge MM Settlement
MM Settlement
Incharge FX Settlement
FX Settlement
Telephone
Fax
Shabbir Hazari
Syed Sultan Mahmood, Kafil-ur-rehman
Khalid Tauqir
Syed Adil Raza Naqvi, Sabir Hussain, Sultan Ali Baig
021-2431700, 2472968
021-2472991
Address
2nd Floor, Bahria Complex III,
M.T. Khan Road, Karachi
021-5611811, 021-5611812
021-5611876
33 34
Line Of Business
President
Deputy CEO
Address
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
UBL Fund Managers Limited.
Line Of Business
CEO/Divisional Head
Address
Asset Management
Mir Muhammad Ali
8th Floor, Executive Tower, Dolmen City,
Block 4, Clifton, Karachi.
Telephone
Fax
021-5290080-95
021-5290070
Country Treasury
Address
Telephone
Fax
8th Floor, Executive Tower, Dolmen City,
Block 4,Clifton, Karachi.
021-5290080-95
021-5290070
Chief Investment Officer
Telephone
Hasnain Raza Nensey
021-5290080-95
Head Of Fixed Income
Telephone
Junaid Qamar
021- 5290075-77
Fund Manager Islamic Funds
Telephone
Wahaj Aslam
021- 5290077
Dealers
Telephone
Usama Bin Razi, Faizan Saleem, Bushra Riaz
021- 5290075-77
Treasury Operation
Incharge Settlement
Telephone
Fax
Kashif Afsar Siddiqui
021-2270620
021-2270706
103 104
Brokerage
House
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
BankIslami Pakistan Limited
Barclays Bank PLC, Pakistan
Line Of Business
CEO
Address
Line Of Business
Ceo
Address
Telephone
PABX
Fax
Country Treasury
Address
Islamic Banking
Hasan Aziz Bilgrami
11Th Floor, Executive Tower,
Dolmen City Marine Drive, Clifton Block 4
5379797
5839906
5379796
Telex
Fax
Reuters Dealing Code
Swift
11Th Floor, Executive Tower,
Dolmen City Marine Drive,
Clifton Block 4, Karachi.
N/A
5872538
N/A
BKIPPKKA
Country Treasurer
Telephone
Muhammad Shoaib Khan
5374333
Section Head MM
Dealers
Telephone
Furqan Ahmed
Muhammad Wasim Ishtaiq
5839364, 5839369
Section Head FX
Dealers
Telephone
Furqan Ahmed
Muhammad Wasim Ishtaiq
5839364, 5839369
Treasury Operation
Incharge Settlement
MM Settlement
Jamal Ahmed Khan
Ashraf Jahangir
FX Settlement
Telephone
Fax
Muhammad Imran Khan, Raza Ali
5839906, Ext. 3160, 3161, 3162
5872538
Telephone
Fax
Country Treasurer
Address
Commercial Banking
Mohsin Nathani
2nd Floor, Dawood Centre, M.T. Khan
Road, Karachi - 75530, Pakistan.
021-563 4037
021-563 4039
Telephone
Fax
Reuters Dealing Code
Swift
Naved Suleman Mundh
2nd Floor, Dawood Centre, M.T. Khan
Road, Karachi - 75530, Pakistan.
021-563 4227, 021-527 2870
021-563 4035
Bbpk
Barcpkka
Head Of MM
Senior Dealer
Telephone
Muhammad Rizwan Malik
Qasim Nadeem
021-563 4038, 021-563 4041
Head Of Fx
Senior Dealer
Telephone
Danish Amirzeb Iqbal
Fahad Hafeez
021-563 4048, 021 - 563 4049
Head Of Sales & Derivatives
Marketing
Senior Dealer Corporate
Sales
Telephone:
Treasury Operations
Aun Ali Raza
Mehvish Maniar
021-563 4193, 021 - 563 4194,
021-563 4195
1st Floor, Dawood Centre, M.T. Khan
Road, Karachi - 75530, Pakistan
Incharge Settlement
Telephone
Syed Jawed Hussain Zaidi
021-527 2660
MM Settlement
Telephone
Mohammad Arif Khan
Kashif Hameed
021-527 2666, 021-527 2662
Fx Settlement
Telephone
Fax
Syed Qarib Ahmed, Mohammad Imran
021-527 2664
021-563 4226
35 36
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Citibank N.A.
Dawood Islamic Bank Ltd.
Line of Business
CEO
Address
Telephone
Fax
Fixed Income, Currencies & Commodities
Arif Usmani
AWT Plaza, I.I. Chundrigar Road, Karachi.
2638398, 2638223
2638211
Line of Business
CEO
Address
Country Treasury
Address
Telephone
Fax
Telephone
Fax
Islamic Banking
Nikolaus Rafiq Schwarz
2nd Floor, Trade Centre
I.I. Chundrigar Road, Karachi.
021-2637174-75
021-2272460
AWT Plaza, I.I. Chundrigar Road, Karachi.
2638215
2638203
Country Treasury
Address
Fax
Swift
Treasury & Financial Institutions Divisions.
021-2272465
FDBPKAA
Country Treasurer
Telephone
PABX
S.M. Aamir Shamim
021-2272449
2637174-5
Country Treasurer
Telephone
Head of Trading &
Risk Treasury
Saquib Ayub
2638215
Khalid Anvery
Dealers
Telephone
Head of Corporate Sales &
Derivative Marketing
Dealers
Rabia Asad, Anita Panjwani
2219581-82
Moiz Hussain Ali
Chief Dealer MM
Dealers
Telephone
Kanwar Shahzad
Ali Shahryar Rizvi
021-2272437, 2272451
Tariq Ahmed Khan,
Azam Hak, Sarah Sidiqui
111-999-999 (Ext. 2135, 2136)
Chief Dealer FX
Dealers
Telephone
Kanwar Shahzad
Ali Shahryar Rizvi
021-2272437, 2272451
Muddasir Khan
Mian Nadeem Aslam
Omar Tyabji, Dinshaw Bhada
Mian Nadeem Aslam,
Mohammad Naeem
111-999-999
(Ext.8819, 8820, 8826)
2638203
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Syed Ali Zaidi
Faizan Karim
Faizan Karim
2272458
2272465
Telephone
Treasury Operation
In charge Settlement
FX Settlement
MM Settlement
Telephone
Fax
37 38
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Deutsche Bank AG
Dubai Islamic Bank Pakistan Ltd.
Line of Business
Chief Country Officer
Address
Line Of Business
CEO/Divisional Head
Address
Telephone
PABX
Fax
Global Markets
Address
Commercial Banking
Shazad G. Dada
242 & 243, Avari Plaza Fatimah
Jinnah Road P.O. Box 4925,
Karachi 75530
5207200
5205072
5658325
Telephone
PABX
Fax
Country Treasury
Address
Islamic Banking
M.A. Mannan
3rd Floor, Hassan Chambers,
Dc-7, Block-7, Kehkashan, Clifton, Karachi
5368701
N/A
5308921
Telex
Fax
Reuters Dealing Code
Swift
2nd Floor, Hassan Chambers,
Dc-7, Block-7, Kehkashan, Clifton, Karachi
5308911-19
5308918
DIBP
DUIBPKKA
Country Treasurer
Telephone
Zahid Mansoor
5308920, 5368520
Chief Dealer (Interbank)
Mehreen Muaab
Interbank Dealer
Telephone
Muhammad Tayyab
5308911-15
Head Of Treasury Sales
Corporate Dealer
Telephone
Faisal Mamsa
Hasan Haider Paliwala
5308916-7
Treasury Operations Head
Telephone
Dilair A. Khan
5694526, 5203606
Incharge Settlement
Telephone
Habib Akhtar
5203615
Muhammad Afzal Malik
5207233
MM Settlement
Telephone
Ayaz Ahmed
5203614
MM Settlement
Telephone
Amer Habib
5207235
FX Settlement
Telephone
Fax
Rehan Hafeez
5207230
5658324
Fx Settlement
Telephone
Fax
Nauman Aftab Qureshi
5203616
5694551
Telephone
Fax
Reuters Dealing Code
Swift
242 & 243, Avari Plaza
Fatimah Jinnah Road
P.O. Box 4925, Karachi 75530
5631888, 5631889, 5631890
5631906
DBPK
DEUTPKKA
Head Of Global Markets
Telephone
Fahim Ahmed
5631887 & 5207400
Global Market Sales
Telephone
Mohammad Afaque
5207292
Foreign Exchange
Telephone
Raheel Ahmed
5207291
Money Markets
Telephone
Adil.S.Dalal
5207401
Capital Market Sales
Telephone
Asim Wahab
Ayaz Sheikh
5207403
5207404
Treasury Operations
Head of Settlement
Telephone
39 40
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Emirates Global Islamic Bank Ltd.
Line Of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
Islamic Banking
Syed Tariq Husain
Plot No. 6-C, Main Khayaban-eshahbaz, Phase-6, D.H.A., Karachi
021-5243401-02
5633427
Telex
Fax
Reuters Dealing Code
Swift
Shopping Arcade, Karachi
Sheraton Hotel, Club Road, Karachi
5633426, 5633401
5633376
EGIB
EGIBPKKA
Country Treasurer
Telephone
Abdul Qader
5633426, 5633401
Chief Dealer MM
Dealers
Telephone
Omer Khan
5694197
Chief Dealer FX
Dealers
Telephone
Syed Muhammad Tabish Shakil
5633408
Treasury Operation
Incharge Settlement
Qamar Jawed
MM Settlement
Zaheer Ahmed
FX Settlement
Telephone
Fax
Syed Arshad Ali
5633375
5633376
Faysal Bank Ltd.
Line of Business
CEO/Divisional Head
Address
Telephone
Fax
Country Treasury
Address
Tel
Fax
Reuters Dealing Code
Swift
Country Treasurer
Commercial Banking
Naved A. Khan
4th Floor, Faysal House, ST-02,
Shahra-e-Faisal , Karachi.
2795399
2795301
4th Floor,Westwing, Faysal House
ST-02, Shahra-eFaisal, Karachi.
2795227
FBPK
FAYSPKKA
Telephone
Salman A. Usmani
SEVP & Head Of Treasury
2795312
Head of Interbank
Telephone
Shuja Haider
2795634
Head Of ALM
Haider Ali Jafri
Dealers MM
Telephone
Khurram Hussain,
Faran Syed Manzoor Alam,
2795646, 2795339
Dealers FX
Telephone
Imran Ahmed , Vanessa Dias
2795538, 2795346
Treasury Operation
Head of Settlement
Syed Kausar Nadeem
Telephone
In charge Settlement
Telephone
Adeeb Yar Khan
2795383
MM Settlement
FX Settlement
Telephone
Fax
Arif Hamiduddin, Mushtaq Ahmed
Waqar Ahmed, Asma Alam
2795529, 2795540
2795220
41 42
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
First Women Bank Limited
Habib Bank Limited
Line Of Business
CEO
Address
Line of Business
President & CEO
Address
Telephone
Fax
Commercial Banking
R. Zakir Mehmood
22-Habib Bank Plaza, Karachi
2411530, 2412128
2411566
Global Treasury
Address
Fax
Reuters Dealing Code
Swift
HBL Global Treasury
3-Habib Bank Plaza, Karachi
2464389
HBPK (MM) - HBLP (FX)
HABBPKKATRY
GE & Global Treasurer
Telephone
Fax
Faizan Mitha
2456212-3
2464413
Head of Interbank-Fx,Money
Market & Fixed Income
Telephone
Zohair Ali
2456206
FX Desk
Team Leader-Interbank FX
FX Dealers
Telephone
Ali Abbas Rizvi
Malik Murtaza, Waqas Vohra, Amir Khan
2456204-5, 2456216, 2456280
MM Desk
Team Leader-Money Market
MM Dealers
Telephone
Zubia Ghouri
Ali Nehal, Gaity Atiq
2456207-9, 2456271, 2456290
Fixed Income Desk
Team Leader-Fixed Income
Trading & Sales
FI Dealers
Telephone
Rameez H. Loan
Imran Siddiqui
2456210, 2456286
Telephone
Fax
Country Treasury
Address
Fax
Reuter Dealing Code
Swift
Commercial Banking
Zarine Aziz
Stsm Foundation Building,
Cl-10/20/2 Beamount Road
Civil Lines, Karachi
021-5657681-83
021-5657766
STSM Foundation Building,
Cl-10/20/2 Beamount Road
Civil Lines, Karachi
021-5657753
FWOMPKKA
Country Treasurer
Telephone
Mustansir N. Rao
021-5657751-52, 5657684-89
Ext. 327
Chief Dealer MM
Dealers
Telephone
Muhammad Junaid Tufail
Hira Asif
021-5657751-52,
5657684-89
Ext. 328
Dealers FX
Telephone
Treasury Operations
In Charge Settlement
Mm Settlement
Fx Settlement
Telephone
Fax
Syeda Maliha Hasan
021-5657751-52,
5657684-89 Ext. 328
Syed Farhan Ahmed
Nazia Zeeshan
Farhana Zafar
021-5659003, 5657684-89
Ext. 329, 330, 332
021-5659003
Corporate Desk
Team Leader-South &
Branches (Acting Head of Sals)
Corporate Dealers
Niaz N. Merchant
Adil Rizvi, Adeel Zuberi Jawad Walji,
Saima Mirza, Tariq Aftab, Babar Thaheem
43 44
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Habib Bank Limited
Habib Metropolitan Bank Limited
(SUBSIDIARY OF HABIB BANK AG ZURICH)
Team Leader-North & Central
Corporate Dealers
Team Leader-MNCs & Oil
Companies
Corporate Dealers
Telephone
Team Laeder - Derivatives Desk
Derivatives Dealers
Telephone
Syed Salman Bashi
Umair Siddiqui, Haider Zamin
Hasan Zia
Mahwish Yasin
2456201-4, 2456276-9,
2456282-3, 2456222
Aziz-ur-Rehman Zia
Ahsan Azam, Faizan Siddique
2456266, 2456214-5, 2456285,
2456211
Line of Business
Chief Executive
Address
Telephone
Fax
Country Treasury
Address
Fax
Reuters Dealing Code
Swift
7th Floor HBZ Plaza
I. I. Chundrigar Road, Karachi
2630495
HMBP, HMPK
MPBLPKKA
Syed M. Azam Zaidi
2624820
2629169
[email protected]
Equities Desk
Head of Equities
Equities Dealer
Telephone
Imran Afzal
Khurram Toor
2456270, 2464397, 2464853
Group Head Treasury &
International Division
Telephone
Fax
Cordinator International Treasury
Telephone
Syed Shad Hasan
2456218
Country Treasurer
Telephone
TREASURY OPERATIONS:
GM-Treasury Operations
Telephone
Fax
Zil-ur-Rehman
2456228, 2456230
2464405
DGM - Treasury Operations
Telephone
Syed Musharraf Wasti
2456265
DGM - Product Delivery
Telephone
Fax
Fazal Mahmood
2456262
2464417
DGM - MM/Equity Settlement
Telephone
Fax
Saifullah
2456221
2464414, 15
DGM - FX & Derivatives Settlement
Telephone
Fax
Muhammad Idrees
2456231
2464417, 9211527
Commercial Banking
Anjum Iqbal
Spencer Building I.I.
Chundrigar Road, Karachi
2274570, 2636740-59, Ext 690
2630496
Fax
Email
Chief Dealer MM
Telephone
Fax
Email
Dealers
Telephone
Chief Dealer FX
Telephone
Fax
Syed Intikhab Hussain Rizvi
111-141414, 2633311-28,
2633388
2629169
[email protected]
Farhan Aslam Chaudhri
111-141414, 2633311-28,
2635651
2630495
[email protected]
Zakir Hussain Soomji, Shayan Ahmed,
Zain Ali Alarakhia,Mohammad Junaid Rana
111-141414, 2633311-28,
2630409, 263561
Khurshid Wahid
2212922, 2638085
2630495
45 46
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Habib Metropolitan Bank Limited
HSBC Bank Middle East Limited
Email
Dealers
Line of Business
CEO
Address
Telephone
Treasury Operation
Telephone
Email
Incharge Settlement
Telephone
Email
MM Settlement
FX Settlement
Telephone
Fax
[email protected]
Mohsin Ali Kazmi,
Mohammad Aftab,
Mohammad Zubair Uddin,
Ali-ul-Haq Ansari
111-141414, 2633311-28,
2212922, 2638085
Abdul Rasheed Gaba
2219312, 111-141414,
2633311-20 Ext 210
[email protected]
Arshad Mehmood
2217172, 111-141414,
2633311-20 Ext 476
[email protected]
Azam Raza, Mohammad Faisal,
S. Zulfiqar hussain rizvi
Rehan Ahmed, S. Waqar Haider Rizvi,
Syed Arif Hussain Naqvi
11-141414, 2633311-28
Ext 315, 313, 267, 281
2274768
UAN
Fax
Company Treasury
Address
Commercial Banking
Tahir Sadiq
7-10 9th floor Bahria Complex lll
M.T Khan Road Karachi
111-114-722
5615222
Reuters Dealing Code
Swift
8th floor Bahria Complex lll
M.T Khan Road Karachi
HKBP
HBSC PKKX
Country Treasury
Tel
Cell
Mumtaz Yousuf
5615214
0300- 8263628
Chief Dealer MM
Tel
Kamran Aziz
5635371
Cheif Dealer FX
Tel
Muhammad Muneer Khan
5635372
Incharge Settlement
MM Settlement
FX Settlement
Tel
Fax
Jawwad Ahmed Khan
Talat Aziz Kazi
Junaid Ashraf Khan
5204760, 5204759
5615213
47 48
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Industrial Development Bank Of Pakistan.
JS Bank Limited
Line of Business
CEO
Address
Line Of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
Bank
Jamal Nasim
3rd Floor State Life Building No. 2,
Wallace Road off. I.I. Chundrigar
Road, Karachi
9213615, 9213601-9
9213617 - 9213644
Telephone
UAN
Fax
Commercial Banking
Naveed Qazi
1St Floor, Shaheen Commercial
Complex, Dr. Ziauddin Ahmed
Road, Karachi
021-2635208, 2633820
111-572-265
021-2634047
3rd Floor State Life Building No. 2,
Wallace Rd off. I.I. Chundrigar
Road, Karachi
Country Treasury
Address
Telex
Telephone
Fax
9213635, 9213643
9213617 - 9213644
Fax
1St Floor, Shaheen Commercial
Complex, Dr. Ziauddin Ahmed
Road, Karachi
021-2636483
Reuter Dealing Code
Swift
Country Treasurer
Telephone
Sadiq-Ul-Huda
9213624
Chief Dealer MM
Dealers
Telephone
Sadiq-Ul-Huda
Nazeeruddin, Nadeem Ahmed.
9213635-9213643-9213601-9
Reuter Dealing Code
Swift
Group Head
Country Treasurer
Telephone
JSBL
JSBLPKKA
Basir Shamsie
Omer Ehtisham
021-2630114
Chief Dealer MM
Telephone
Navaid Raza Khan
021-2629587-88
Chief Dealer FX
Dealers
Telephone
Sadiq-Ul-Huda
Nazeeruddin, Nadeem Ahmed.
9213635, 9213643, 9213601-9
Chief Dealer FX
Dealers
Telephone
Mohammed Rizwan
Taha Rizwan
021-2272528, 2272529
Treasury Operation
In Charge Settlement
Mm Settlement
Fx Settlement
Telephone
Fax
Rafiq G. Hussain
Syed Hafeezuddin
Shoaib Kamal
Mohammed Muzammil
2632743
021-2631803
Treasury Operations
In charge Settlemen
MM Settlement
FX Settlement
Telephone
Fax
Irfan Sidiqui
Nadeem Ahmed,
Muhammad Shahid
Nadeem Qureshi
9213633, 9213652
9213650
49 50
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
KASB Bank Limited
Line Of Business
Ceo/President
Address
Telephone
Fax
Commercial Bank
Muneer Kamal
Business & Financial Centre
021-2446800-9217082
021-9217588
Meezan Bank Limited
Line Of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
Country Treasury
Address
Fax
Business & Finance Centre
021-2446831
Reuter Dealing Code
Swift
Country Treasurer
Telephone
KASB
PLCOPKKATRY
Muzaffar Khan
021-2446825
Head Of Money Markets
Dealers
Telephone
Rehan Anwar
Raza Mahmood
021-2446830, 2446805
Senior Dealer FX
Telephone
Imran Mirza
021-2472132, 2471637
Senior Dealer TMU
Dealers
Telephone
Sajjad Ali Qureshi
Afifa-un-nisa
021-2472519, 2433977
Telephone
Senior Corporate Dealers
Corporate Dealers
Head Equities/ Derivatives
Telephone
Sambreen Ahmed
021-2466806, 2466908
Telephone
In Charge Settlement
Mm/ Equities Settlement
Fx Settlement
Telephone Direct
UAN
Syed Imran Haider
Fahad Jawaid
Rizwan Akber
021-2472254, 2446832
111-555-666
Ext. 1131, 1136, 1135
021-2446831
Fax
Telex
Fax
Reuters Dealing Code
Swift
Head of Treasury &
Financial Institutions
Telephone
Cell
Email
Chief Dealer
(Interbank Trading)
Telephone
Dealers
Treasury Operation
Capital Market Operations
Telephone
Head of Back
office Operations
Incharge Settlement
MM Settlement
Fx Settlement
Telephone
Fax
Islamic Banking
Irfan Siddiqui
2nd Floor, P.N.S.C. Building,
M.T. Khan Road, Karachi
5610582, Ext. 2003/111-331-331
5610676
2nd Floor, P.N.S.C. Building,
M.T. Khan Road, Karachi
N/A
5611856
MBPK
MEZNPKKA
Mohammed Abdullah Ahmed
5610582 Ext. 2055, 5611868
0300-8299547
[email protected]
Sara Saiyed
5610678
Yasir A. Khoso, Osama Niaz Ahmed,
S.M. Raza Zaidi
5610682, 5611858
Zia-ur-rehman
Amal Zehra, Ahmed Usman Sheikh
Murad Dhanani
5610237, 5611427,
5610554, 5611470
Ayub Baig, S.M. Ammar Farooqui
5610582 Ext. 2408-9, 5612376
Mohammad Mohsin
Mohammad Farhan
S. Jawad Raza, Abdul Samad Khan
M. Haider Ali, Kashif M. Sheikh
5610582 Ext. 2443, 2445-7
5636244
51 52
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
MCB Bank Limited
My Bank Limted
Line Of Business
CEO
Address
Telephone
Fax
Line Of Business
Ceo
Address
Country Treasury
Address
Commercial Banking
Atif Aslam Bajwa
MCB Tower, I.I. Chundrigar Road, Karachi
021-2270075-76, 042-6041900
021-2270078, 042-5776619
Commercial Banking
Muhammad Bilal Sheikh
Mezzanine Floor, Business &
Finance Centre, Opposite State
Bank Of Pakistan, I.I. Chundrigar
Road, Karachi-74000.
111-692-265
2471951
Fax
20Th Floor, MCB Tower,
I.I. Chundrigar Road, Karachi
021-22702093
Reuters Dealing Code
Swift
Head of Treasurery
Telephone
Fax
MCBK, MCBL
MUCBPKKA
M.U.A. Usmani
021-2270008-9
021-2270006
Country Treasury
Address
Chief Dealer MM
Dealers
Telephone
Salman Y. Zaidi
Salman Ali Jafri
2270014-16
Telex
Fax
5Th Floor, Business & Finance
Centre, Opposite State Bank of Pakistan
I.I. Chundrigar Road, Karachi-74000.
N/A
2473139
Chief Dealer FX
Dealers
Telephone
Faisal Anwar
Lloyd DSouza
2270012-13
Reuters Dealing Code MYBK
Swift
BOBLPKKAXXX
Head Treasury Marketung Unit
Telephone
Irfan Mirza
2270123
Country Treasurer
Telephone
Faisal Shaikha
2473974
Corporate Dealers
Chief Dealer MM
Dealers
Telephone
Muzzafer Yunus
Haani Javed Ali
2412167, 2412177
Telephone
Raza Sayani, Bilal Shami, Qaiser Rafi,
Arsalan Ahmed Sheikh,Syed Aftab Haider,
Salim Iftikhar Naqvi
2270018-23
Treasury Research Analyst
Telephone
Shan Husain
021-111-000-111 Ext: 4020
Treasury Financial Controller
Telephone
Zafar Hussain
2270025, 021-111-000-111 Ext: 2020
Chief Dealer FX
Dealers
Telephone
Syed Sohail Akhtar
Erum Bano
2473982, 2443424
Treasury Operations
MM Settlement
FX Settlement
Telephone
Fax
Siraj Muhammad
Arif Aba Ali
Baqar Raza
2641120, 2641220, 2641520
2270109, 2270093
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Babar Saeed Khan
Abdul Rasool Ladak
Tanveer Sadiq
Sadar Jehan Mian
2442405, 2473627
2475228
Telephone
Fax
53 54
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
National Bank of Pakistan
National Bank of Pakistan
Line Of Business
President
Address
Telephone
Fax
Address
Telephone
9211437, 9211438, 9213185,
9212747, 9212100
Ext. 2579, 2580, 2529
Derivatives & Fixed Income Sales
Telephone
Sadaf Siddiqui, Syed Irfan Ali
[email protected]
9212704,9213186,9212100, Ext. 2253
Head Of Blotter Management
Telephone
Asif Tanveer Naqvi
9212275 Ext. 2580
Muhammad Ashfaque Pathan,
Zulfiqar Ali Waggan,
Ali Dhamani, Junaid Qamar
9213005, 9212100
Ext. 2529 , 2579 & 2580
Fax
Commercial Banking
Syed Ali Raza
NBP Head Office, I.I. Chundrigar Road, Karachi
9212200, 9212208, 9212774
9212774
Treasury Management Group, First Floor,
NBP Head Office I.I. Chundrigar Road, Karachi
9211039, 9211440, 9212289
Reuters Dealing Code
Swift
NBPK, NBPM
NBPAPKKA
Country Treasurer
Telephone
Email
Muhammad Nusrat Vohra
9212737
[email protected]
Blotter Management
Head Interbank Trading
Telephone
Muhammad Ismail Usuf
9212724, 9212842
[email protected]
Telephone
Senior Dealer MMK
Telephone
Nazim Ali
9212842
Dealers
Khurram Muhammad Hussain,
Akhtar Memon. M.Khaliq-uz-zaman
9213186, 9212704,
9212100 Ext. 2253, 2467
Telephone
Head Of Treasury Operations
Telephone
Fax
Moiz-ud-din Khan
9212754
9212816
FX Settlement
Telephone
Fax
Hammad Sarwar
2416395
9212814
Muhammad Farooq,
Syed Gohar Maqsood
9213109, 9212213
9212816
Senior FX Dealer
Telephone
Atif Saeed
9212724
Money Market Settlement
Dealers
Telephone
Muhammad Tayab, Qaiser Sattar,
Syed Iflahuddin Danish
9212739, 9212100 Ext. 2254
Telephone
Fax
TMU
Head Of Sales
Telephone
E-mail
Ehtesham Rashid
9211437, 9211438
[email protected]
Team Leader
Dealers
Agha Sajid
Ali Asghar, Hasan Sidiqui,
Syed Muzaffar Zaidi
55 56
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
NIB Bank Limited
Oman International Bank
Line of Business
CEO
Address
Commercial Banking
Khwaja Iqbal Hasan
Muhamadi House,
I.I. Chundrigar Road Karachi.
021-2420333 & 111-333-111
0212472258
Line Of Business
CEO
Address
Country Treasury
Address
Fax
NIB Bank Central Treasury
Muhammadi House,
I.I. Chundrigar Road, Karachi.
021-2411449
Reuters Dealing Code
Swift
Country Treasurer
Telephone
NIPK
NIBPPKKA
Shah M. Azim Azmi
021-2413297
Head of Inter Bank
Telephone
Dealers
Telephone
Syed Shariq Abidi
021-2460589
Muhammad Shakeel
021-2460590
Dealer FX
Telephone
Yasir Ali, M. Nabeel Khan
021-2460591
Head of TMU
Telephone
Asmi Faraz
021-2426408, 021-2414366
Treasury Operation
Telephone
Karim Muhammed Munir
021-2414067
MM Settlement
FX Settlement
Telephone
Fax
Qaiser Ghani
Sheikh M. Irfan
2417155-9 , 111-333-111
021-2420256
Telephone
Fax
Country Treasury
Address
Telephone
Fax
Commercial Banking
Aziz Abbas
Nadir House, I.I. Chundrigar
Road, Karachi
2410085-89
2419204
Telex
Fax
Reuters Dealing Code
Swift
Nadir House, I.I. Chundrigar
Road, Karachi
OIBAPKKA
Senior Dealer MM
Dealers
Telephone
Sheheryar Shahid
Muhammad Ghazanfar
2418358-59
Senior Dealer FX
Dealers
Telephone
Sheheryar Shahid
Muhammad Ghazanfar
2418358-59
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Asadullah Zubairi
2410085-89
2419204
57 58
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Samba Bank Limited
Samba Bank Limited
Line Of Business
Ceo
Address
Sales & Distribution
Head
Telephone
Tahir Abbas
5693093
[email protected]
Financial Engineer
Telephone
Email
Arsalan Arif
5693364
[email protected]
Transactor Sales &
Distribution
Telephone
Amina Ansari
5693362
[email protected]
Treasury Operation
Telephone
Saleem Lalani - Head Treasury Operations
5646255
Incharge Settlement
Telephone
Imtiaz Ahmed
5693346
Pabx
Fax
Country Treasury
Address
Commercial Banking
Tawfiq A. Husain
Samba Bank Limited, 6th Floor, Maulana Din
Mohammad Wafai Road, Saddar, Karachi
111-999-333
5658059
Fax
Reuters Dealing Code
Swift
7th Floor, Sidco Avenue Center,
Maulana Din Mohammad Wafai Road,
Saddar, Karachi
5693356
SAMB
SAMBPKKA
Country Treasurer
Email
Telephone
Syed Ghazanfar Agha
[email protected]
5693093
Head Alm
Email
Ibrahim Kaliya
[email protected]
MM Settlement
Telephone
Zaheer Soomro
5646256
Senior Dealer MM
Telephone
Email
Saima Kolachi
5693009, 5693044, 5693053
[email protected]
Fx Settlement
Telephone
Fax
Sajjad Panjwani
5646260
5693350
Fx Dealer
Email
Telephone
Shahbaz Bokhari
[email protected]
5693010, 5693058
59 60
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Silk Bank
(Formerly Known As Saudi Pak Commercial Bank)
Line of Business
President / CEO
Address
Tel
PABX
UAN
Fax
Country Treasury
Address
Commercial Banking
Azmat Tarin
2nd floor, Silk Bank Building,
I.I-Chundrigar Road, Karachi-74200
2460466
2460475-94 ext. 405
111-00-1987
2460464
Tel
PABX
Fax
Silk Bank Building, I.I Chundrigar Road,
Karachi-74200
111-00-1987
2460431
Reuters Dealing Code
Swift
SPCB
SAUDPKKA
Country Treasurer
Tel
PABX
E-Mail
Ali Kashif Rizvi, CFA
2460434
111-00-1987 ext. 396, 397
[email protected]
Dealer MM
Tel
S.Zain Raza Kazmi
2460403, 2457600
Ext 392 & 373
[email protected]
Silk Bank
(Formerly Known As Saudi Pak Commercial Bank)
Dealer FX
Tel
Rehan Rashid
2460441, 2457600 Ext 388 & 894
[email protected]
Corporate Dealer
Tel
Email
Anthony Almeida
2460448, 2460023 Ext. 386 & 395
[email protected]
Dealer Equity
Tel
Email
Naeem Usman Gadit
2460016, 2460017 Ext. 371 393
[email protected]
Dealer Fixed
Income
Tel
Email
Treasury Operation
Incharge Settlement
Tel
PABX
Kamran Zia
Incharge MM
Settlement
Muhammad Durvesh
Ext. 367
MM Settlement
Shakir Ali Khan
Ext. 365
Incaharge FX
Settlement
Mudassir Abbas
Ext. 360
FX Settlement
Owais Ahmed
Ext. 370 &
S.Usman
Ext. 361
Equity Settlement
Naveed Shahzad
Ext. 364
2460452, Ext. 372
[email protected]
Raees Khan
2460432
111-00-1987
Ext. 368
61 62
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
SME Bank Limited
Soneri Bank Limited
Line of Business
CEO
Address
Line Of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
63
Financial Markets Association Of Pakistan
Commercial Banking.
Rashid Akhtar Chughtai
2nd Floor, Jang Building,
Fazal-e-Haque Road, Islamabad.
051-9214296
051-9206735
Telex
Fax
Reuters Dealing Code
Swift
Suit # 801, 8th Floor, Park
Avenue,Shahrah-E-Faisal,
Karachi.
021-4382319
SMESPKKA
Country Treasurer
Telephone
Muhammad Khalid
021-4301290
Chief Dealer MM
Telephone
Syed Oshaid Akhtar
021-4382310
Chief Dealer FX
Telephone
Treasury Operation
Syed Oshaid Akhtar
021-4382310
Karachi
In charge Settlement
Telephone
Rafiq Ahmed
021-4301289
MM Settlement
FX Settlement
Telephone
Fax
Hanif-Ur-Rehman
Hanif-Ur-Rehman
021-4382551
021-4382319
Telephone
Fax
Country Treasury
Address
Telex
Fax
Reuters Dealing Code
Swift
Commercial Banking
Safar Ali K. Lakhani
5th Floor, Al Rahim Towers,
I. I. Chundrigar Road, Karachi
2439582
2439561
2nd Floor, Al Rahim Towers,
I. I. Chundrigar Road, Karachi
2427967
2401906
SNBK
SONEPKKATRY
Country Treasurer
Telephone
Syed Hussain Aqdas Rizvi
2437414,2422932,
2440314,2440416
Chief Dealer MM
Dealers
Telephone
Muhammad Anees
Syed Kashif Raza Zaidi
2422932, 2414571
Chief Dealer FX
Dealers
Aneela Batool
S. Ali Abbas Zaidi
Dileep Kumar, Ashraf Abbas
2432186, 2432186,
2435972
Telephone
Treasury Operation
Incharge Settlement
MM Settlement
Fx Settlement
Telephone
Fax
Sualeh Muhammad
Kamran Ahmed, Sohail Ghori
Najeeb Ahmed, Afsheen Khaleeq
2423377-9
2446138
64
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Standard Chartered Bank (Pakistan) Ltd.
Line of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
65
Commercial Banking
Badar Kazmi
Global Markets, I.I. Chundrigar
Road, Karachi.
2450289, 2450288
2414914
Telex
Fax
Reuters Dealing Code
Swift
Standard Chartered Bank (Pakistan) Ltd.
Global Markets,
I.I. Chandigarh Road, Karachi.
2457887
2463684
SCPK
SCBL PKKX
Country Treasurer
Telephone
Mohammad Ramzan
2457888
Chief Dealer MM
Dealers
Telephone
Deedar-Ul-Haq
Moin Uddin, Narius Shekdar
2457802, 2457880, 2457881
Chief Dealer FX
Dealers
Telephone
Arif Raza
Hassan Tajuddin
2457801, 2457883
FI Trading
Telephone
Head of Sales,
Financial Markets
Telephone
Ali Zaman Khan
2457805
Adil Salahudin
Financial Sales
Telephone
Ziyyad Gulzar, Najma Pirzada,
Qaiser Tanoli, Ali Tahir
2457870, 2457878, 2457879
Institutional Sales
Telephone
Faisal Zuberi
2457871
Treasury Operation
Telephone
The Royal Bank Of Scotland Limited
Formerly Known As ABN AMRO Bank (Pakistan) Limited
Line Of Business
Chief Executive Officer
Address
Telephone
Telex
Swift
Fax
Commercial Banking
Shehzad Naqvi
16, Abdullah Haroon
Road, Karachi-75530
568-3097
21008 ABNAM PK
ABNAPKKA
568-3432
Country Treasury
Address
Telephone
Telex
Swift
Fax
Reuters Dealing Codes
Email
16, Abdullah Haroon Road, Karachi-75530
111-112-233, 520-5365
21008 ABNAM PK
ABNAPKKA
567-5027
ABNP, ABPK
[email protected]
Country Treasurer &
Head Of Markets
Telephone
Dr. Naim Abdullah
(Dir) 567-0386
(Pabx) 520-5365, Ext. 2800
Head Of MM/Rates
Telephone
Pervez Shahbaz Khan
(Dir) 568-1126
(Pabx) 520-5365, Ext. 2801
Head Of FX
Telephone
Salman Arshad
(Dir) 520-5380-81, (Pabx) 520-5365
Ext. 2802
Nadeem Sattar
2451249
Senior Dealer - Local Markets
Dealer - Local Markets
Shahid Abdullah
Usman Siddique
Incharge Settlement
Telephone
Zubin Irani
2451413
MM Settlement
FX Settlement
Telephone
Fax
Muhammad Hanif
Shoaib Ahmed
2451281
8140870
Dealer
Interbank Funding Desk
Telephone
2457877
Head of Corporate Sales
Mohammad Faisal
(Dir) 520-5380-1
(Pabx) 520-5365, Ext. 2805, 2812, 2806
Muslim Reza Mooman
66
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
The Royal Bank Of Scotland Limited
The Bank of Tokyo-Mitsubishi UFJ Ltd.
Corporate Sales Dealers
Telephone
Line of Business
CEO
Address
Formerly Known As ABN AMRO Bank (Pakistan) Limited
Treasury Operations
Head of Treasury Operations
Telephone
Kailash Kumar, Sibtain Haji
(Dir) 520-5382
(Pabx) 520-5365
Ext. 2807, 2808, 2810
Habib Ur Rehman Khan
(Dir) 569-3892
(Pabx) 520-5365
Ext. 3451
FX Settlement
Telephone
Junaid Khursheed, Shahid Ali
520-5365
Ext.: 3454, 3458
MM Settlement
Imran Hussain Nathani,
Syed Shoaib Hassan
520-5365
Ext. 3457, 3452
Telephone
Derivative Settlement
Telephone
Affan Shamim, Salman Alim Khan
520-5365
Ext.3453, 3455
FX/MM Confirmation
Telephone
Fax
Sabir Hussain
520-5365 Ext. 3459
567-5021
Telephone
Fax
Commercial Banking
Shigeyuki Asakuma
First Floor, Shaheen Complex,
M.R. Kayani Road, Karachi
021-2630171-75, 2626386-87
021-2631368
Country Treasurer
Email
Telephone
Shakil Jawed
[email protected]
021-2637783
Chief Dealer MM & FX
S.M. Dilshad Akhtar
[email protected]
Dealer MM
Telephone
Zohaib-ur-Rehman Khan
021-2626030, 2637785,
2630171-5 ext. 229
Dealer FX
Email
Telephone
Adil Mehmood
[email protected]
021-2626030, 2637785,
2630171-5 ext. 229
Head/In charge Settlement
MM & FX Settlement
Telephone
Osamu Sakamura
Amar Iqbal
021-2631440,
2630171-5 ext. 215
021-2631368
Fax
67
68
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
United Bank Limited
United Bank Limited
Line Of Business
CEO/Divisional Head
Address
Analyst Derivative
Structuring & Sales
Telephone
Head Treasury Division
Telephone
Email
Amanzo Fernandes, Shozab Naqvi
2410341
Nauman A. Tariq
2413746
[email protected]
Sr. Manager Balance Sheet
Telephone
M. Shahzad Khan
9213207
Liquidity Transactor
Telephone
M. Imran Kalim
9213208
Treasury Accountant
Telephone
S.M. Asif Bukhari
9213208
Senior Manager FX
& Treasury Sales
Telephone
Ali Abbas Halai
2400425-9
Dealer Treasury Sales
Telephone
Joti Balani, Rizwan Ahmed, Shyroze Razwani
2400425-9
Head Capital Markets
Telephone
M. Nadeem Ibrahim
9213201-3
[email protected]
Senior Equity Trader
Telephone
Faisal Latif
9213201
Equity Trader
Telephone
Kashif Munawar
9213201
Telephone
Country Treasury
Address
Commercial Banking
Atif R. Bokhari
8Th Floor, State Life Building
No. 1, I.I. Chundrigar
Road, Karachi
111-825-111
Swift
UBL TCM
2nd Floor, State Life Building
No. 1, I.I. Chundrigar
Road, Karachi
9213208
29312 UBL PK,20034 UBL PK
2416500
UBLK : FX
UBLP : MM
UNIPKKA
Country Treasurer
Telephone
Email
M. Hanif Akhai
2463869
[email protected]
Head Interbank Trading
Telephone
Syed Farrukh Zaeem
2464082
[email protected]
Head Money Market Trading
Treasury & Capital Markets
Telephone
Asif Hasan Siddiqui
9213204-6
[email protected]
Senior Money Market Trader
Telephone
Zeeshan Mahmood Chaudhry
9213204-6
Acting Head Institutional
Bank Transactional Services
Telephone
Imran Kapadia
90332637
Senior Fx Trader
Telephone
Fx Trader
Telephone
Mohammad Khurram Sardar
2464080-3
Adil Haroon
2464080-3
Head FX &
Derivatives Operation
Telephone
Atiq ur Rahman
90332924
Ast. Fx Trader/ Mis Officer
Telephone
Ryan D. Souza
2464080-3
Head Derivatives
Telephone
Wajahat Aziz Qureshi
2410341
Manager Derivative
Structuring & Sales
Telephone
Rizwan Majeed Khan
2410341
Telephone
Telex
Fax
Reuters Dealing Code FX:
Incharge FX Settlement
Telephone
Incharge Money
Market Settlement
Telephone
Muhammad Mustafa
90332043
Incharge Equity Settlement
Telephone
Fax
Khawaja Muhammad Nadeem
90332236
2413605, 111-329-825
Sanaullah
90332200
69 70
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
Financial Markets Association Of Pakistan
AKD Investment Management Ltd.
Line of Business
CEO
Address
PABX
UAN
Fax
COO
Address
NBFIS / DFIS
&
AMCS
PABX
UAN
Fax
Fund Manager
Address
PABX
UAN
Fax
Assistant Fund Manager
Address
PABX
UAN
Fax
Asset Management Company (AMC)
Faisal Bengali
216, 2Nd Floor, Continental
Trade Centre, Block-8, Clifton, Karachi
92-21-5371305-07
111-253-465
5303125
Imran Motiwala
216, 2nd Floor, Continental
Trade Centre, Block-8, Clifton, Karachi
92-21-5371305-07
111-253-465
5303125
Muhammad Yaqoob
216, 2nd Floor, Continental
Trade Centre, Block-8, Clifton, Karachi
92-21-5371305-07
111-253-465 Ext: 209
5303125
Zeeshan Shalwani
216, 2nd Floor, Continental Trade Centre,
Block-8, Clifton, Karachi
92-21-5371305-07
111-253-465 Ext: 214
5303125
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Al-Falah GhP Investment Management Ltd.
Arif Habib Investment Management Limited.
Line Of Business
Line of Business
CEO
Address
Telephone
Dir
Fax
Asset Management Company/
Investment Advisory
Abdul Aziz Anis
12Th Flor, Tower A,
I.I. Chundrigar Road, Karachi
9217600-05 Ext: 100
9217610-12
9217615
Fund Manager Fixed Income
Telephone
Dir
Zeeshan Khalil
9217600-05 Ext: 171
9217624
Dealer MM
PABX
Dir
S. Imran Raza Kazmi
9217600-05 Ext: 173
9217616
Fund Manager Equity
Dealers
PABX
Dir
Salman Ali
Ali Nawaz, Fahad Raza
9217600-05
9217617-20
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Faisal Khan
Altaf Hussain
Zaki
9217600-05
Ext. 133, 134 & 135
9217639
9217635
CEO:
Address
Telephone
Fax
Asset Management
Nasim Beg
2/1, R.Y., 16 Old Queens Road,
Karachi - 74000
111-468-378
2470427
Country Treasurer
Telephone
Zafar Rehman
2470086, 2470089
Chief Dealer MM
Dealers
Muhammad Nadeem Ali Khan
Saima Iqbal,
Syed Muhammad Faisal Raza
2470086, 2470089, 2470093, 2470047,
2470118, 2475060, 2475076
2470427
Telephone
Fax
Dir
Fax
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Fax
Asif Mehdi Rizvi
Saad Rafiq
Ali Abbas, S.M.Abbas Haider Zaidi,
Masood Raza, Naeem Ullah, Burhan Khan.
2401440, 2475832, 2475831
2417188
73 74
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
AMZ Asset Mangement Limited
ABL Asset Mangement Co. Ltd
Line Of Business
CEO
Address
Asset Management
Ikram H. Mian
9Th Floor, Saima Trade Tower B
I.I. Chundrigar Road, Karachi
2272129
2272132
Line Of Business
Ceo
Address
Chief Dealer MM
Hammad Ali Abbas
(Fund Manager), Abl Income Fund
UAN
Sadruddin Pyar Ali
2272142
9Th Floor, Saima Trade Tower B
I.I. Chundrigar Road, Karachi
111-269-111
Dealers
Telephone
Umair Junaid Dinarwala
9207417, 9207423, 9207424
Fund Manager Fixed Income
Tel
Fax
Sohaib Bin Naseer
2272156
2272155
Incharge Settlement
Telephone
Fax
Rehan Ansari
9207429
9207407
Fund Manager Stock Fund
Telephone
Faraz Uz-zafar
2272143
Incharge Settlement
Telephone
Muhammad Farrukh
2272136
Telephone
Fax
COO
Tel
Address
Telephone
Fax
Fund Management
Anis-ur-rehman, CFA
11-B, Lalazar, M.T. Khan
Road, Karachi
111-225-262
9207407
75 76
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Escorts Investment Bank Ltd.
First Credit & Investment Bank Ltd.
Line Of Business
CEO
Address
Telephone
PABX
Fax
Investment Banking
Rashid Mansur
Escorts House, 26-Davis Road, Lahore
042-6375949
042-6371931-4
042-6375950
Line Of Business
President/CEO
Address
Country Treasury
Address
Telephone
Fax
Ground Floor, Bahria
Complex #1, M.T. Khan Road, Karachi
5636061-6
5636075
Telephone
2nd Floor, Sidco Avenue Centre,
Stratchen Road, Karachi
5688490, 5658750-1
Country Treasurer
Telephone
PABX
Arshad I. Khan
5611278
5636061-6
Country Treasurer
Telephone
Cell
Muhammad Mohsin Ali
5686289
0333-2101919
Chief Dealer MM
Dealers
Telephone
Muhammad Zeeshan Ajmal
Muhammad Zeeshan Ajmal
5611396, 5611221
Chief Dealer MM
Dealers
Telephone
Cell
Muhammad Siddiqui
Muhammad Siddiqui
5659299, 5659292
0333-3587566
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
PABX
Fax
Kashif Ahmed
Suhail Ullah Effendi
5636072
5636061-6
5636075
Treasury Operations
In Charge Settlement
MM Settlement
Email
Tel
Fax
Muhammad Kamran
Ibrahim Dawood
[email protected]
5658750-53
5686310
Country Treasury
Address
Telephone
Fax
Email
Investment Banking
Muhammad Imran Malik
2nd Floor, Sidco Avenue Centre,
Stratchen Road, Karachi
5688490, 5658750-1
5689331, 5686310
[email protected]
77 78
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Habib Asset Management Limited
HBL Asset Managment Limited
Line Of Business
Asset Management
CEO
Imran Azim
Address
1St Floor, Imperial Court,
Line Of Business
CEO
Address
Dr. Ziauddun Ahmed Road, Karachi
Telephone
5223706
PABX
111-342-242 Ext. 201
Fax
5223710
Country Treasury
Address
Telephone
Fax
Country Treasury
Address
Tel
Fax
8B, 8th Floor, Executive Tower, Dolmen City,
Block 4, Clifton, Karachi.
021- 5290171-79
021-5290189
Fund Manager
Telephone
Muhammad Amir Khan
021-5290187
Chief Dealer MM
Tel
Fahad Aziz
021-5290185
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Fax
Adil Jabbar
Asif Nakhsbandi
021-5290171-79 EXT: 231
021-5290189
1St Floor, Imperial Court,
Dr. Ziauddun Ahmed Road, Karachi
Telex
Fax
5223710, 5693676
Reuters Dealing Code
Swift
Country Treasurer
Junaid Kasbati
Telephone
5223708
PABX
111-342-242 Ext. 218
Chief Dealer MM
Junaid Kasbati
Dealers
Ahmed Abbas
Telephone
5659152
PABX
111-342-242 Ext. 215
Chief Dealer FX
Dealers
Telephone
Asset Management
Shahid Ghaffar
8B, 8th Floor, Executive Tower, Dolmen City,
Block 4, Clifton, Karachi.
021-5290171-79
021-5290189
Treasury Operation
Incharge Settlement
Humera Kausar
MM Settlement
Fahad Barai
FX Settlement
Telephone
5659151
PABX
111-342-242 Ext. 215
Fax
5223710, 5693676
79 80
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
House Building Finance Corporation Ltd
IGI Financial Services
Line Of Business
Ceo
Address
Telephone
Fax
Development Fianacial Institution
Syed Azhar Abbas Jafri
3rd Floor, F.T.C. Shahra-e-faisal, Karachi
9202314
9202360
Line of Business
Country Treasury
Address
Fax
3rd Floor, F.T.C. Shahra-e-faisal, Karachi
9204173
Country Treasurer
Telephone
Rehan Wasi
9204174, 9206016
Chief Dealer MM
Telephone
Rehan Wasi
9204174
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Fax
Amjad Masood
Ali Waheed
9206016
9204173
CEO
Address
Telephone
Fax
Country Treasury
Address
Investment Banking, Insurance,
Securities, Funds
Sameer Ahmed
Floor 7th, The Forum Suit No. 701-713,
G-20, Block-9, Khayaban-e-Jami, Clifton,
Karachi-75600, Pakistan.
92.21.5301721-7
92.21.5301729
Tel
Fax
92.21.5301721-7
Floor 7th, The Forum Suit No. 701-713,
G-20, Block-9, Khayaban-e-Jami, Clifton,
Karachi-75600, Pakistan.
92.21.5301721-7
92.21.5301729
Reuters Dealing Code
Swift
Country Treasurer
Telephone
Email
Jamshed A. Khan
5368982, 5301684-87
[email protected]
Chief Dealer MM
Telephone
Email
Adeel Raza
5301684-87, 5368985
[email protected]
Dealer MM
Email
Telephone
Mohammad Waqar Iqbal
[email protected]
5368910, 5301684-87
Treasury Settlement
Telephone
Dir.
Fax
Faisal Imtiaz , Ali Zaigam
5306669
5368886
021-5301729, 021-5301772
81 82
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Invest Capital Investment Bank Limited
JS Investments Limited
Line of Business:
CEO
Address:
Line of Business
Investment Banking / Asset Management /
Investment Advisory / Pension Fund Manager
Chief Executive Officer
Muhammad Najam Ali
Chief Operating Officer
Address
Telephone
Fax
Syed Ather Ahmed
7th Floor, The Forum, G-20,
Khayaban-e-Jami, Clifton
Block-9 Karachi 75600.
111-222-626
5361724 / 5361727 / 5361710
Treasurer
Syed Rehan Mobin - Ext. 231 /296
Fixed Income Fund Manager
Kashif Rafi - Ext. 301 / 304
Equity Fund Managers
Wasim Jalbani - Ext. 286 / 287
Sukaina Sangji - Ext. 303
Furrukh Karim Khan - Ext 305
Head of Operations
Equity & MM
Settlement Incharge
Malik Zafar Javaid - Ext. 270
(Invest Bank)
Telephone
Fax
Country Treasury
Address
Investment Banking
Nusrat Yar Ahmed
C3C, 12th Lane, Ittehad Commercial Area,
Khayaban-e-Ittehad Phase II Extension
111-111-097
5313887
Fax
Karachi
C3C, 12th Lane, Ittehad Commercial Area,
Khayaban-e-Ittehad Phase II Extension
5313887
Country Treasurer
Telephone
Nadeem Dar (Director Treasury)
5208707
Dealers
Telephone
Feroze Mansoor, Noman Khurshid
5208711, 5208715
Treasury Operation
Incharge Settlement
Mohammad Tanveer Alam
Telephone
Fax
5208706
5313887
Settlement Officers
Zafar Iqbal Ahmed - Ext. 281
Tariq Afzal - Ext. 289
Asad Iqbal - Ext. 272
Nazia Lal - Ext. 209
Asif Gulraiz - Ext. 289
Irfan Ahmer - Ext. 273
Junaid Aziz - Ext. 274
83 84
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
KASB Funds Limited
Khushali Bank Limited
Line Of Business
CEO
Address
Asset Management
Naz Khan
5th Floor, Trade Centre,
I.I. Chundrigar Road, Karachi
111-535-535
2639188, 2624635
Line of Business
President
Address
Country Treasury
Address
Tel
Fax
Faisal Potrik
5th Floor, Trade Centre,
I.I. Chundrigar Road, Karachi
2627192, 111-535-535
2639188, 2624635
Telex
Fax
Ground Floor, Block C, FTC,
Shahra-E-Faisal, Karachi
9204123-5
9204132
Fund Manager
Tel
Mir Taimur Ali
2626264, 111-535-535
Country Treasurer
Telephone
Saleem Akhtar Bhatti
051-111 092 092
Fund Manager
Tel
Ali Hussain
2627188, 111-535-535
Manager Treasury
Dealers
Telephone
Naveed Shahid
Atif Iqbal
9204129-30
Manager Operation
Telephone
Fax
Abid Saeed
111-535-535 Ext. 622, 626, 648
2639188, 2624635
Treasury Operations
In charge Settlement
MM Settlement
Telephone
Fax
Mohammad Aslam
Mohammad Aslam
Mohammad Aslam
9204124-25
9204132
Tel
Fax
Head of Fund Management
Address
Telephone
Fax
Micro Finance
M. Ghalib Nishtar
94, West Jinnah Avenue,
Blue Area, Islamabad.
051-111 092 092
051-9206080
85 86
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
MCB Asset Management Company Ltd.
NBP Capital Limited
Line Of Business
CEO
Address
Line of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
Asset Management
Yasir Qadri
8Th Floor, Techno City, Corporate
Tower, Hasrat Mohani Road,Karachi
021-111-622-262
021-2276908, 2276898
Telephone
Fax
8Th Floor, Techno City, Corporate
Tower, Hasrat Mohani Road, Karachi
021-111-622-262
021-2276908, 2276898
Fund Manager
Muhammad Imran
Chief Dealer MM
Saad Ahmed
Dealers
Telephone
Fax
Furqan Jaffar, Munawwar Mehmood
2276896-7, 2216966
2276908, 2276898
Treasury Operation
Incharge Settlement
Salim Najam
MM Settlement
Telephone
Fax
Shahid Jiwani
2276900 Ext. 118, 119
2276908, 2276898
Telephone
Fax
Country Treasury
Address
NBFC/ Leasing Services
Abdul Sami Kehar
4th Floor, PRC Towers, M.T.
Khan Road, Karachi
5610369-70
5610877
Telephone
Fax
4th Floor, PRC Towers, M.T.
Khan Road, Karachi
5610369-70
5610877
Country Treasurer
Chief Dealer MM
Aamir Tariq Khan
Dealers
Telephone
Samad Ilyas
5610350, 5610367
Incharge Settlement
Zamir-ul-islam Usmani
MM Settlement
Telephone
Fax
Zamir-ul-islam Usmani
5610356
5610877
87 88
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
National Fullerton Asset Management Limited.
Pak Brunei Investment Company Ltd.
Line of Business
CEO/Divisional Head
Address
Road, Karachi, Pakistan.
Asset Management
Dr. Amjad Waheed
49th Floor, Adamjee House, I.I. Chundrigar
Line Of Business
Ceo
Address
Khan Road, Karachi
021-2467600
2467606
Telephone
Fax
9TH Floor, Adamjee House, I.I. Chundrigar
Country Treasury
Address
Telephone
Fax
Country Treasury
Address
Karachi, Pakistan.
Telephone
Fax
021-2467600
021-2467606
Head Of Fixed Income
Telephone
Fax
Rukhsana Narejo
021- 2467611(Direct)/ 2467600 Ext: 600
021-2467654
Fund Managers
Telephone
Fax
Sajjad Anwar / Ahmad Nouman
021- 2467614(Direct) / 2467600 Ext: 603
021-2467654
Assistant Fund Manager
Telephone
Fax
Mustafa Kamal
021- 2467615(Direct) / 2467600 Ext: 606
021-2467654
Dealer
Telephone
Fax
Syed Ali Haider
021-2467600 Ext: 602
021-2467654
Treasury Operation
Settlement
Telephone
Fax
Asadullah Rao / Mubbashir Ali
021-2461574(Direct) / 2467600
Ext: 407 / 817
021-2461195
TFC Documentation
Telephone
Fax
Shahveer A. Bhadha / Fahmida Khan
021-2467600 Ext: 608-609
021-2467605
Development Financial Institution
Ayesha Aziz, CFA
Khadija Tower, Plot No. 1115,
Block No.2, Scheme 5, Clifton, Karachi
021-5361215-9
5361213
Telephone
Fax
Khadija Tower, Plot No. 1115,
Block No.2, Scheme 5, Clifton, Karachi
021-5361215-9
5361213
Country Treasurer
Telephone
Cell
Tariq Ahsan
021-5361370-73
0334-3995062
Chief Dealer MM
Cell
Ahmed Ateeq
0321-2010331
Dealers
Telephone
Treasury Operations
In Charge Settlement
MM Settlement
Telephone
Aasma Habib Shaikh
021-5361370-73
Fax
Salman Faisal
Meer Murtaza
5370872/ 021-5361215-9
Ext. 122
021-5370873
89 90
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Pak China Investment Company Ltd.
Pak Iran Joint Investment Company Ltd
Line Of Business
CEO/MD
Address
Development Financial Institution
Chen Jianbo
13th Floor, Saudi Pak Tower 61-A
Jinnah Avenue Islamabad
051-2099650, 051-2800281-6
051-2800291
Line Of Business
CEO
Address
Country Treasury
Address
Fax
M-13 Beaumont Plaza,Civil Line
Quarters, Beaumont Road Karachi.
021-5660560
Country Treasurer
Manager Money Markets
Telephone
Fax
Syed Nabeel Abbas Tirmizi
021-5632394, 021-5658754,
021-5632395-7
021-5660560
Treasury Operation
Incharge Settlement
Telephone
Naseer Ahmad
021-5660559, 021-5632395-97
Telephone
Fax
Country Treasury
MM Settlement
Telephone
Fax
Shaheed Muhammad Hilal,
Raja Muhammad Toufeeq
021-5632395-97
021-5660560
Telephone:
Fax:
Development Financial Institution
Aizaz Sarfraz
507-508, 5Th Floor, Progressive Plaza,
Beaumont Road, Civil Lines, Karachi
021-5638581-5
021-5638589
Fax
507-508, 5Th Floor, Progressive Plaza,
Beaumont Road, Civil Lines, Karachi
021-5638579
Country Treasurer
Telephone
Ahmad Bilal Darr
021-5638594
Dealers
Telephone
Muhammad Adil Khan
021-5638586-88
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Fax
Cheryl Michael, Abid Ali,
Sanaullah Khan
021-5638581 Ext. 223
021-5638579
91 92
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Pak Kuwait Investment Company (Pvt) Ltd.
Pak Kuwait Investment Company (Pvt) Ltd.
Line Of Business
CEO
Address
Chief Dealer
Cell
Telephone
UAN
Fax
Atif Anwer
0333-2114560
021-5630917-8, 5630695-6
111-611-611 Ext. 216
021-5630916
Dealer MM
Cell
Telephone
UAN
Mustafa Zaheer Chaudhry
0300-2139646
021-5630917-8, 021-5630695-6
111-611-611 Ext. 242
Telephone
UAN
Fax
E-mail
Development Financial Institution
Shamsul Hasan
4th Floor, Tower-c, Finance
& Trade Centre, Shahra-e-faisal,
Karachi-74400
5630901-7
111-611-611
5630939-40, 5630916
[email protected]
Head of Treasury
& Investment
Tel
UAN
Fax
Reuters Dealing Code
E-mail
Nabil Daudur Rahman
Officer MM
Mariam Qureshi
5630928
111-611-611 Ext. 230
5630916, 5630939-40
PKIC
[email protected]
Corporate Sales
Telephone
UAN
Sami-ur-rehman Durrani
021-5630917-8, 021-5630695-6,
111-611-611 Ext. 216, 242
Head of Inter Bank
Cell
Tel
UAN
Fax
Syed Ehsan Ahmed
0300-8208930
021-5630914
111-611-611 Ext. 210
021-5630916, 021-5630939-40
[email protected]
Treasury & Capital Market
Operations
Head Of Operations
Cell
Tel
UAN
Fax
Syed Muhammad Khurshid Anwar
0333-2330709
5630915
111-611-611 Ext. 215
5630916
[email protected]
93 94
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Pak Kuwait Investment Company (Pvt) Ltd.
Pak Libya Holding Company (Pvt.) Ltd.
In Charge MM Settlement
MM Settlement
Telephone
UAN
Fax
Registration
Shamim Ahmed
Muhammad Iqbal
5630915
111-611-611 Ext. 227,229
5630916
PKICPKKI
Line Of Business
CEO
Address
Equity Settlement
Muhammad Rais (Incharge),
Munawwar Sher
563-0694/5630820
111-611-611 Ext. 239, 259
5630939-40, 5630916
Tel
UAN
Fax
Equity Operation
Tel
UAN
Fax
M. Jawed Aba Ali (Incharge),
S.Adeel Ahmed
563-0694/5630820
111-611-611 Ext. 243, 290
5630939-40, 5630916
Telephone
Fax
Telex
Swift
Country Treasury
Development Financial Institution
Kamal Uddin Khan
5th Floor, Block C Finance & Trade Center,
Shahra-e-faisal, Karachi
5630630, 5630666,
111-111-115
5630654
29763 PLHC PK
PHCPPKKA
Telex
Fax
Swift
5th Floor, Block, Finance & Trade Center,
Shahra-e-faisal, Karachi
5630630, 5630666,
111-111-115
29763 PLHC PK
5630665
PHCPPKKA
Country Treasurer
Telephone
UAN
Cell
E-mail
M. Ziauddin Zafar
5630660, 5630688
111-111-115 Ext. 341
0321-2448704
[email protected]
Chief Dealer MM
Telephone
UAN
E-mail
Treasury Operation
Head Of Operations
Telephone
UAN
Najam Iqbal Mirza
5630661, 5630600
111-111-115 Ext. 305
[email protected]
MM Settlement
Telephone
Fax
Syed Ali Sitwat Abidi
111-111-115 Ext. 336
5630665
Telephone
Asghar Haider
5630662
111-111-115 Ext. 322
95 96
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Pak Oman Investment Company
Pak Oman Asset Management Co. Ltd.
Line Of Business
CEO
Address
Line of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
Development Financial Institution
Agha Ahmed Shah
1St Floor, Tower-a, F.T.C.
Building, Shahrae Faisal, Karachi
021-5630971-75
5630969
Telephone
Fax
Reuters Dealing Code
1St Floor, Tower-a, F.T.C.
Building, Shahrae Faisal, Karachi
021-5630971-75
5630969, 5630959
POIB
Acting Head Treasury
Telephone
Mohammad Shoaib
021-5630962
Chief Dealer MM
Dealers
Telephone
Tassaduq Aslam
021-5630964-66
Head of Sales
Dealers
Telephone
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Telephone
Fax
Asset Management.
Hina Ghazanfar
1st Floor, Tower A, FTC
Building, Shahra-e-Faisal, Karachi.
5631020-4
5631025
Head of Fixed Income
Telephone
Nabeel Malik
5631030 , 5631020 Ext.150
Dealer MM
Telephone
Treasury Operation
Incharge Settlement
Farooq Chaudary
5631029
MM Settlement
Telephone
Ahmer Hassan
5641947, 5631020
Ext. 138 & 131
5631025
Fax
Awais Masood
Touseef Hayat
M. Naveed Iqbal, Usman Waheed,
Sidrah I. Nadeem
021-5630981, 021-5631019
Azhar Ali Shahidi
Altaf Sadaruddun, Nadeem Afzal,
Ali Zaidi, Farzana S. Gaglani
021-5630982
021-5631016
97 98
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Saudi Pak Industrial & Agricultural Inv. Co. Ltd.
Line Of Business
Ceo
Address
Telephone
Fax
Country Treasury
Development Financial Institution
Muhammad Rashid Zahir
Saudi Pak Tower 61-A Jinnah
Avenue, Blue Area, Islamabad.
051-111-222-003, 051-2800300-7
051-2800308
Fax
18th Floor,Saudipak Tower,61-A
Jinnah Avenue,Blue Area,Islamabad
051-2800320
Country Treasurer
Telephone
PABX
Cell
Muhammad Hussain
051-2800090, 7165551-2
051-2800300-7 Ext. 3077
0300-8295550
Chief Dealer MM
Tel
Irfan Siddiqui
021-5652980, 4286900,
5693790 (PABX) 021-5662166,
5650586, Ext. 106
0345-2057101
Cell
Dealer MM
Telephone
Cell
Treasury Operation
Incharge Settlement
Telephone
Cell
Fax
MM Settlement
Telephone
PABX
Fax
Waseem Ahmed Khan
021-5652980, 4286900,
5693790 Pabx: 021-5662166,
5650586
0333-2169574
Khursheed Saleem (Karachi)
(Pabx) 021-5662166, 5650586 Ext. 115
0346-2780717
0215673183
Hammad Naseem/
Malik Basharat (Islamabad)
051-7165551-2
051-2800300-7, Ext. 3025 & 3003
051-280032
Saudi Pak Leasing Co. Ltd
Line Of Business
CEO
Address
Telephone
Fax
Country Treasury
Address
Leasing
Farrukh S. Ansari
6th Floor, Lakson Square
Building no.1, Sarwar Shaheed
Road, Saddar, Karachi
111-888-999
5210607-09
Telephone
Fax
6th Floor, Lakson Square Building no.1,
Sarwar Shaheed Road, Saddar, Karachi
111-888-999
5210607-09
Country Treasurer
Telephone
Rashid K. Siddiqui
5210678
Chief Dealer MM
Telephone
Imdad Ali Khowaja
5210636
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Fax
Chetan Kumar
Chetan Kumar
111-888-999 Ext. 336
5210607-08
99 100
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Security Investment Bank Limited
The First Microfinance Bank Ltd.
Line Of Business
CEO
Address
Line Of Business
Ceo
Address
Fax
Microfinance Institution
Hussain Tejany
62/C, 25th Commercial Street,
Tauheed Commercial Area,
Phase 5, D.H.A., Karachi
021-5822432, 5822435,
5370095, 5370097
021-5822434
Cell
606, 6th Floor, Unitowers,
I.I. Chundrigar Road, Karachi
0333-2106281
Country Treasurer
Telephone
Nadeem Iqbal
021-5822432, 5822435
Country Treasurer
Telephone
Cell
Muhammad Yaqoob
2418336, 2418410-13
0333-2106281
Chief Dealer MM
Dealers
Telephone
Chief Dealer MM
Telephone
Cell
Khawar Salman
2418410-13, 2418336
0333-2361692
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Fax
Chief Dealer FX
Dealers
Telephone
Treasury Operations
In Charge Settlement
Muhammad Fareed Ahmed
Muhammad Fareed Ahmed
021-5822432, 5822435,
5370095, 5370097
N/A
N/A
N/A
Muhammad Fareed Ahmed
Muhammad Fareed Ahmed
Waseem Alam
2418410-13, 2418336 Ext. 16
2418414
Telephone
Fax
Country Treasury
Address
Investment Banking
Muhammad Saleem Rathod
606, 6th Floor, Unitowers,
I.I. Chundrigar Road, Karachi
2418336, 2418410-13
2418414
Telephone
101 102
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
UBL Fund Managers Limited.
Line Of Business
CEO/Divisional Head
Address
Asset Management
Mir Muhammad Ali
8th Floor, Executive Tower, Dolmen City,
Block 4, Clifton, Karachi.
Telephone
Fax
021-5290080-95
021-5290070
Country Treasury
Address
Telephone
Fax
8th Floor, Executive Tower, Dolmen City,
Block 4,Clifton, Karachi.
021-5290080-95
021-5290070
Chief Investment Officer
Telephone
Hasnain Raza Nensey
021-5290080-95
Head Of Fixed Income
Telephone
Junaid Qamar
021- 5290075-77
Fund Manager Islamic Funds
Telephone
Wahaj Aslam
021- 5290077
Dealers
Telephone
Usama Bin Razi, Faizan Saleem, Bushra Riaz
021- 5290075-77
Treasury Operation
Incharge Settlement
Telephone
Fax
Kashif Afsar Siddiqui
021-2270620
021-2270706
103 104
Brokerage
House
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Akhai Capital Management (Pvt) Ltd
Alfalah Securities (Pvt) Ltd.
Line of Business
CEO
Address
Line Of Business
Ceo
Address
Telephone
Fax
Chief Dealer MM
Dealers
Telephone
Chief Dealer FX
Dealers
Brokerage House
Muhammad Hanif Akhai
Suite no. 1011-1013, 10Th Floor,
Tower B, Saima Trade Towers,
I.I. Chundrigar Road, Karachi
2632255, 2632256
2275193
Ghulam Raza Isphahani
Imran Hashmi, Ali Raza Kazmi,
Saba Jaffery, Soofi Saifullah
2275175-86
Telephone
Syed Sohail Abbas
Naheed Fatima, Qazi Owais-ul-haq,
Amber Alim, Salmaan, Altaf Rehman Alvi
2275175-86
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Muhammad Jehangir
Muhammad Usama Sheikh
Muhammad Usama Sheikh
Umair Hassan
2275187-90
2275193
Telephone
Fax
Inter Bank FX, M/M & Equity Brokerage
Muhammad Shoib Memon
12th Floor, Tower A, Saima
Trade Tower, I.I. Chundrigar Road, Karachi
021-9217820
021-9217827
Head of Treasury
Telephone
Suhail Ahmed Faruqi
021-9217875-84
Chief Dealer MM
Dealers
Zahid Khan
Syed Hasan Mehdi, Umairuddin,
S. Mahmood Hussain
021-9217875-84
Telephone
Chief Dealer FX
Dealers
Telephone
Treasury Operations
In Charge Settlement
Mm Settlement
Fx Settlement
Telephone
Fax
Arshad Shoaib Siddiqui
Muhammad Khurram Irfan,
Fazal Mehmood
021-9217887-97
Muhammad Tanvir Alvi
Muhammad Tanvir Alvi
Kamran Majeed
021-9217886, 9217810-19,
Ext. 228, 229
021-9217835
105 106
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
AMZ Securities (Pvt) Ltd.
Atlas Capital Markets (Pvt) Ltd.
Line Of Business
CEO
Address
Line Of Business
Telephone
Fax
Head of MM
Dealers of MM
Corporate Brokerage House
Ather Naseem Shaikh
19th Floor, Saima Trade Tower
B, I.I. Chundrigar Road, Karachi
111-269-111
2620510
Fax
Rizwan-ul-haq
Sheraz Naeem, Umera Sikander,
Zilley Askari, Ajmal A. Siddiqui
7012661, 7012662, 7012665,
7012666, 7012668-71
2219380
Incharge Settlement
MM Settlement
Kamran Shaikh
M. Amin, Tariq, M. Khan, Imran
Telephone
CEO
Address
Telephone
Fax
Chief Dealer MM
Tel
Dealers
Telephone
Money Market, Equity Trading,
Corporate Finance & Advisory,
Financial Products
Naeem Khan
B-209, 2Nd Floor, Park Towers,
Shahrah-e-firdous, Clifton
111-226-100
5822406, 5376122
Fazal-e-askari
5368270 ,5369270
Adnan Latif Khan/ Fahad Sadiq/
Umar Khan/ Shahbaz Zaheer
5369272, 5368272/ 5369273,
5368272/ 5369279, 5368279/
5369271, 5368271
Chief Dealer FX
Tel
Dealers
Telephone
Treasury Operation
Fazal-e-askari
5368270 , 5369270
N/A
N/A
N/A
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Ayaz Aslam
Syed Atif Ali
N/A
5376128, 111-626-100 Ext. (300-311)
5376129
107 108
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
BMA Capital Management
Elixir Securities Pakistan (Pvt) Ltd.
Line of Business
Line of Business
CEO
Address
CEO
Address
Telephone
Fax
Country Treasury
Address
Telex
Fax
Chief Dealer MM
Dealers
Treasury, Investment Advisory, Equity
Sales, Asset Management
Farrukh Hassan Khan
801, Uni Tower, I.I.Chundrigar
Road, Karachi
2430532-33
2430748
801, Uni Tower, I.I. Chundrigar
Road, Karachi
N/A
2430748
Telephone
Adnan Qaseem Ahmed
Syed Waheed Asghar, Farhan
Sheikh, Sajjad Khan, Sabeen
2421403-6, 2429100
Chief Dealer FX
Dealers
Telephone
Sikendar Iqbal
Abdul Razzak, Farooq Raja, Rehanuddin
2430626-28
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Amir Iqbal
Khalid Ahmed
Zahid Khan
Zubeir
2429101
2430748
Telephone
Fax
Stock Exchange office
Address
Tel
Fax
Money Market
Head of Treasury Services
Dealers of MM
Telephone
Fax
Foreign Exchange
Head of FX
Dealer of FX
Telephone
Fax
Research
Head Of Research
Tel
Treasury Operation
Incharge Settlement MM/FX
Tel
Fax
Brokerage House
Aamir Noorani
1St Floor, P&O Plaza, I.I.
Chundrigar Road, Karachi-74000
111-354-947, 2411038
2420331
Elixor Securities Pakistan (Pvt) Ltd
4th Floor, Room no. 410,
& 411, Stock Exchange Building,
Stock Exchange Road, Karachi
2421429, 2420915
2425304
Syed Murshid Ali
Intikhab Naviwala,
Tauqeer Abbas Zaidi,
Amir Iqbal, Rizwan Mirza, Faisal Sarwar
2401037-40, 2401032-35, 2420104
2423539
Rahil Kothari
M. Asif, Zeeshan Atique,
Irfan Yousuf, Atiq-ur-rehman
2440230, 2440214,
2401470, 2440107
2423539
Ali Khizar Aslam
2418274-2423104-2418271
2420527
Kashif Hussain
2401034-2470438
2421643
109 110
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
FMAP
4.5inches x 7inches
FMAP
4.5inches x 7inches
FMAP
Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
First Capital Securities Corporation Ltd
First Dawood Investment Bank Ltd.
Line Of Business
Ceo
Address
Line of Business
Divisional Head
Address
Telephone
Fax
Head of MM
Dealers
Telephone
Head of FX
Dealers
Telephone
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
Corporate Financial Brokerage House
Ali Nayyar
5Th Floor, Lakson Square
Building 1, Sarwar Shaheed Road, Karachi
111-226-226
5656782
Ali Nayyar
S.M. Ahmad, Sadi Khan,
Tanveer Abbas, Mohd. Farooq,
Asim Akhtar, Sohail Rajput,
S.M. Ali Tabish
5656774, 5656773, 5686738
Fariduddin Asif
Mustafa Qutbuddin, Khawar Zaman
5656787, 5656788,
5656792, 5656793
Mazhar Abbas
Syed Tariq Ali
Kaleem Anwar
Noor Akbar
111-226-226
5656782
(Brokerage Division)
Telephone
Fax
UAN
Country Treasury
Address
Telex
Fax
Reuters Dealing Code
Swift
Money Market & FX
Shahid Iqbal
15-A, Saima Trade Towers,
I.I. Chundrigar Road, Karachi
021-2275200
021-2275087
111-329-663 Ext. 210
N/A
N/A
N/A
N/A
Country Treasurer
Telephone
Head of MM
Telephone
N/A
Shagufta Naz
021-2277190
Senior Dealer MM
Telephone
S. Irtaza Ali
021-2275199
Dealers
Telephone
M. Shoaib Markatiya,
S. Majid A. Zaidi, Raheel Ali
2275079-86, 2277190-2
Email
Head of FX
Senior Dealer FX
Dealers
Telephone
N/A
Syed Sajjad Haider
Shaista Imran
Zeeshan Ahmed, Abdul Basit Barai
2275079-86, 2277195
Treasury Operation
Head of MM & FX Settlement
Cell
Email
Malik Muhammad Kaleem
0321-3747764
[email protected]
MM Settlement
Telephone
Fax
Amardas, Qeemat Khan, Mohammad Imran
021-2277194
021-2275087
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Global Securities Pakistan Limited
IGI Finex Securities Limited
Line of Business
CEO
Address
Line of Business
Address
Fax
Brokerage House
Rahat Saeed Khan
9th Floor, Muhammadi House,
I.I. Chundrigar Road, Karachi.
021-2400708, 021-2469420-25,
021-2420089-90
2400844, 2418061
Dealing Room In Charge
& Head of Treasury Sales
Telephone
Muhammad Ismail
2400717, 2400714
Telephone
Chief Dealer MM
Telephone
Dealers MM
Askari Hasan
2400717, 2400714, 2469428-32
Zulfiqar Ali, Mustafa Nooruddin,
Arif Lakdawala, Kanwar Faraz, Sajid Meraj,
Muhammad Owais, Natiq Shakeel
Telephone
2400714, 2400717,2418063, 246943138
Chief Dealer FX
Dealers
Saira Nawab
Naeem Farooq, Syed Ajmal Sohail,
Rehan Hashmi
2469435-38, 2443838-39,
2417773, 2418064, 2443885
Telephone
Treasury Operation &
Incharge Settlement
Telephone
MM Settlement
FX Settlement
Telephone
Fax
Telephone
Fax
Brokerage House
Bungalow No. F-5, Block 9,
Clifton, Krachi-75600, Pakistan.
021-5309260
021-5309168
Head of Money Markets
Tel
Dealer MM
Kalim Anwer
5309195-99, 5309200-05, 0301-8278877
Zohaib-Ur-Rehman Khan
Tel
Dealer
5309195-99, 5309200-05, 0345-2836042
Yousuf Khan
Tel
Dealer
5309195-99, 5309200-05, 0322-2630197
Syed Faraz Ali
Tel
Dealer
5309195-99, 5309200-05,0321-3748601
Tabinda Akber
Tel
Dealer
5309195-99, 5309200-05, 0333-2078305
Zeeshan Ali Khan
Tel
Head of FX
5309195-99, 5309200-05,0321-2920002
Syed Haider Raza
Tel
Dealers FX
5309195-99, 5309200-05, 0300-2219032
Ash-had Ilyas
5309195-99, 5309200-05, 0345-2057090
Muhammad Pervaiz
Sajid Meraj
2469434
Rashid Ghani, Rashid Ali Khan,
M. Farhan Faruque
Rashid Ghani, Rashid Ali Khan
2469439, 2469420-25
2400844, 2418061
5309195-99, 5309200-05, 0333-2100791
Arshi Sardar
5309195-99, 5309200-05, 0345-2738883
Treasury Operation
Incharge MM & FX Settlement
Syed Farooq Asghar Ali
Tel
Cell
Fax
5309195-99, 5309200-05, 53092014 & 19
0300-8219820
5309168
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
Invest Capital Investment Bank Limited
Invest Capital Investment Bank Limited
Line of Business:
CEO
Address
Dealers FX
(Brokerage Group)
Telephone
UAN
Fax
Brokerage and Investment Advisory
Nusrat Yar Ahmad
C3C, 12th Lane, Ittehad Commercial
Lane, Phase II Extension,
DHA Karachi.
(9221) 5205520
111-111-097
(9221) 5313887
Stock Exchange office
Address
PABX
Fax
Room No. 704, Stock Exchange Building.
Stock Exchange Road, Karachi.
(9221) 2446334-5
(9221) 2446336
Members
Website
The Karachi Stock Exchange and National
Commodity Exchange.
www.investcapital.com
Deputy CEO
Telephone
Rehan Ateeq
(9221) 5208748
Divisional Head Treasury Services
Telephone
Fax
Naeem-ul-Hasan
(9221) 5208793
(9221) 5313704
[email protected]
Head of MM Desk
E-mail
Muhammed Mahmood Qureshi
[email protected]
Dealers MM
Telephone
Asif Hussain, Amir Saeed Khan,
Muhammad Nasir Suria, Mobin Wahid,
Saad Bin Saif
(9221) 5208791-95
Head of FX Desk
Email
Imran Iqbal Chouhan
[email protected]
Dealers FX
Syed Atif Abbas Naqvi, Waqas Ahmed,
(Brokerage Group)
Telephone
Head of Equity Desk
Dealers
Syed Ali Yazdan, Atif Ali,
Muhammad Zain Ali
(9221) 5208791-95
Telephone
E-mail
Syed Shahrukh Naqvi
Noureen Moin, Nabeel Jafar,
Neelam Naz, Fahad Fazal
(9221) 5208737-38
[email protected]
Head of Commodities
& Business Development
Telephone
PABX
Fax
E-mail
M. Ali Kazmi
(9221) 5638524-6
(9221) 5215226-8
(9221) 5215200
[email protected]
Fund Distribution &
Corporate Sales
Telephone
Fax
Sophia Malik, Mazhar. A. Sabir
(9221) 5208740, 9221-5208726
(9221) 5313885
[email protected]
Manager Research
Telephone
Fax
E-mail
Khurram Schehzad
(9221)-5208725
(9221) 5313885
[email protected]
In charge MM & FX
Settlement
Telephone
Fax
E-mail
Mohammad Amjad Qureshi
(9221) 5208723, 9221-5204882
(9221) 5317719
[email protected]
In charge Equity Settlement
Telephone
Fax
Sohail Yousuf
(9221) 5208719
(9221) 5313884
[email protected]
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Financial Markets Association Of Pakistan
Invisor Securities (Pvt) Ltd.
JS Global Capital Limited
Line of Business
CEO/Divisional Head
Address
Line of Business
CEO
Address
Telephone
Fax
Head of Money Market
Telephone
Chief Dealer MM
Dealers
Telephone
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Fax
Brokerage House
Jawad Amjad
Ground Floor, Bahria Complex II,
M.T. Khan Road, Karachi.
021-5611492-5
021-5611529
S. Salman Mehdi Zaidi
021-5635000-09
Mirza Kamran Baig
Umar Iqbal, Shiraz Tanveer,
Kashif Abbas, Sunil Kumar
021-5635000-09
Nadeem-ul-Haq Usmani
Muhammad Amir Hameed
Muhammad Amir Hameed
021-5611516
021-5611529
Telephone
PABX
Fax
Stock Exchange Office
Address
Tel
Fax
Corporate Members
Website
Divisional Head
Tel
Fax
E-mail
Head of MM
& Islamic Banking
Dealers MM
Telephone
PABX
Fax
E-mail
Head of FX Desk
Dealers
Brokerage House & Investment Advisory
G.M. Malkani
6th Floor Faysal House,
Main Shahra-e-Faisal, Karachi.
92-21-279-9558-9
92-21-111-574-111
92-21-280-0090
75- 2nd Floor, Stock Exchange
Building, Karachi Stock Exchange
Road,Karachi
92-21-2427458, 2427461
92-21-2418106
Karachi
Stock Exchange
(Guarantee) Ltd.
www.js.com
Tariq Usman
279-9580
280-0165
[email protected]
S.M.Saqib Imran
Muhammad Sameer Siddiqui,
Tariq Jilani, Mohammad Salman Ilyas,
Abdul Samad, Zeeshan Khan,
Saad Imran, iftikhar Khan,
Mustafa Ali Baig, Vijay Kumar,
Muhammad Bilal.
279-9541-44
111-574-111
280-0165
[email protected],
[email protected]
Asim Shafique Khan
Jawed Latif, Farukh Iftikhar Alvi,
Kamran Sarwer, Imran Mirza,
Muhammad Ather Hussain, Muhammad Atif Khan.
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Financial Markets Association Of Pakistan
Financial Markets Association Of Pakistan
JS Global Capital Limited
KASB Securities Limited
Tel
PABX
Fax
Email
279-9552-55
111-574-111
280-0165
[email protected]
Line of Business
Ceo/Divisional Head
Address
Head of Equity Desk
Dealers
Telephone
Fax
Tel
PABX
Fax
E-mail
Junaid Iqbal
Atif Malik, Muzamil Moosani, Faiza Naz,
Hafeez-ur-Rehman,Asif Sharif, Usamn Khan,
Raza Abbas, Asim Ali, Smar Iqbal, Irfan Iqbal,
Abdul Aziz, Irfan Ali.
2799005
111-574-111
2800166
[email protected]
Head of Research
Tel
PABX
Fax
E-mail
Mohammed Sohail
279-9519
111-574-111 Ext. 3035
280-0163
[email protected]
Head of Proprietary Trading
Tel
PABX
Fax
Operation
Address
S.Ahmed Mehdi Rizvi
280-0118-9, 280-0125-6
111-574-111
280-0144
[email protected]
Humayun Saleem
7th Floor Faysal House,
Main Shahra-e-Faisal, Karachi.
Treasury Operation
Incharge Settlement
MM Settlement
Telephone
Mohammad Zafar Majeed
Fax
Treasury Operations
In charge MM &
FX Settlement
MM & FX Settlement
Tele
Fax
In charge Equity Settlement
Tel
Fax
Country Treasury
Address
Telex
Fax
Reuters Dealing Code
Swift
Chief Dealer FX
Dealers
Telephone
FX Settlement
Telephone
Brokerage House
Farrukh Sabzwari
5th Floor, Trade Centre, I.I. Chundrigar
Road, Karachi
111-222-000
2630202
Muhammad Mustafa
Asim Jawad, Nadeem Anwer
2631104-07, 2634031-2, 2631762
Saleem Ahmed
M. Riaz, Rashid, Noman, Kamran
2630203-06 Ext. 358-357
Usman Ghani, Muhammad Pervaiz
2631104-05 Ext. 350
2630203-6, Ext. 358, 357
2630202
Majid Khan, Zulekhan Narejo
111-574-111 Ext. 3065, 3114, 3115
280-0165
Mateen Sadiq
111-574-111
280-0167
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Mumtaz Enterprises (Pvt) Ltd
FIXED INCOME RESEARCH:
Line of Business
CEO
Address
Telephone
Fax
Interbank Foreign Exchange Brokerage
Masood Ahmed Khan
706-707, 7Th Floor, Chapal Plaza,
Hasrat Mohani Road, Karachi
2412145, 2412146
2416104
Country Treasurer
Telephone
Chief Dealer MM
Dealers
Telephone
Chief Dealer FX
Dealers
Telephone
N/A
N/A
N/A
N/A
Masood Ahmed Khan
S. Imran Ahmed, M. Farhan Khan
2412145, 2412146
Treasury Operation
Incharge Settlement
MM Settlement
FX Settlement
Telephone
Fax
J. Yousuf Shoaib
Sohail Siddiqui
2412145, 2412146
2416104
Why Fixed Income strategies?
The last 12 months have been especially difficult for retail investors
looking for yield in the fixed income universe in Pakistan. Given the
liquidity crunch and the subsequent credit crisis most investors took
unexpected hits on their fixed income investments. Then uncertainty
about direction of rates and issues with redemption in funds lead to a
stronger push towards government backed schemes.
For investors with cash and an appetite for Pakistan Risk, the current
environment is interesting. While there are opportunities in real estate,
equities and fixed income the short term potential for upside is far
higher in selected fixed income instruments. Our objective is to highlight
these opportunities as they arise.
Our recommendations are made on two key concepts. The first is
realized or net yield after service charges, penalties and any additional
adjustments are made. This is different from gross yield which is
generally the benchmark communicated for National Saving Schemes.
The second concept is duration or the price sensitivity of the instrument
to changes in interest rates. With NSS no price adjustments are made
in the value of the investment due to a change in interest rates. However
if a Pakistan Investment Bond (PIB) is traded, the traded price reflects
the change in the applicable interest rate.
When the above two factors are taken into consideration, the final
recommendation between NSS and PIBs changes depending on the
investment horizon of the investor.
Before we discuss strategies it is important to do a quick review of the
profile of what is available today for a retail investor. Given the sensitivity
to credit risk and recent issues with income funds, this review is limited
only to securities issued directly by government of Pakistan.
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A review of investment securities
1.1.1.1 Pakistan Investment Bonds (PIB)
The Federal Government of Pakistan is the issuer of PIBs which are
used to raise permanent debt. PIBs with maturity or three, five, seven
and ten years are relatively liquid while fifteen, twenty and thirty year
bonds experience very thin secondary market trading. They are noncallable, with semi-annual coupon (profit) payments. Profits earned are
subject to withholding tax.Zakat deduction is voluntary. The bonds are
issued in multiples of one hundred rupees but tradable denominations
are in much larger numbers. Historically it was not possible for
individual investors to buy these instruments in lot smaller than 5 to 10
million rupees.
Financial Markets Association Of Pakistan
1.1.1.2 Market Treasury Bills (MTB)
Treasuring Bills were first introduced by the Federal Government in
1990 with the issue of 6 month Treasury instruments. This was followed
by the introduction of 3 month and `12 month bills in 1997. The MTBs
are used by the government to raising floating debt. They are zero
coupon bonds sold through auctions in the primary bond market at
discount. They can be sold on the secondary market.
They can be sold on the secondary market.
1.1.1.3 National Savings Schemes:
These saving schemes are used by the government to raised unfunded
debt. There are a number of schemes that are offered which are briefly
described below:
Liquid and on the run issues are tradable in the secondary markets
a. Defence Savings Certificates (DSC)
DSC are available in multiples of of Rs.500, Rs.1000, Rs.5,000, Rs.
10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=. An
investment has a tenor of 10 years and is automatically reinvested after
the expiry of the term.
The holder of the DSC is able to withdraw the
deposited principal amount at any time after one month from the
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purchase date. On withdrawal he will receive the principal amount and
profit. Presently the average compound rate of return on maturity works
outs to 12.15% p.a. However, within the first year of purchase if he
withdraws the investment, any profit earned with be forfeited and he
will only receive the par amount. In addition, withdrawal prior to 10
years duration, incurs an effective penalty and the full profit earned is
not paid to the certificate holder.
The investment can be withdrawn any time after one month from the
date of purchase, though the holder would have to forego any profit
earned if the withdrawal occurs prior to the completion of six months
from the date of purchase. Profit on an investment exceeding Rs.
150,000 is subject to withholding tax. Zakat is also deductible at source.
c. Special Savings Account (SSA)
This scheme is similar to SSC except that it is maintained as an account
Profit on an investment exceeding Rs.150,000 is subject to withholding
tax. Zakat is also deductible at source.
b. Special Savings Certificates (SSC)
SSCs are available in denominations of Rs.500, Rs.1000, Rs.5,000,
Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=.
An investment has a term to maturity of 3 years. It pays semiannual
profits. Currently the profit rates are 13.0% p.a. on completion of 6
months to 2.5 years and 14.2% p.a. for the last profit. Profits that are
not withdrawn will be automatically reinvested.
d. Regular Income Certificates (RIC)
Certificates are available in denominations of These certificates are
available in the denomination of Rs.50,000, Rs.100,000, Rs.500,000,
Rs.1,000,000, Rs.5,000,000 & Rs.10,000,000/=. These certificates have
a 5 year term to maturity. Currently they are offering profits at the rate
of 13.6% p.a. payable monthly. The monthly profit is not automatically
reinvested if not withdrawn at the scheduled time. Early encashment is
subject to service charges, thus reducing the effective profit earned
on the instrument, as follows:.
If the investment is withdrawn before the completion of year from the
date of issue then services charges amounting to 2% of the face value
will be deducted. If it is withdrawn in the second year then 1.5% of the
face value will be deducted. Similarly services charges of 1% and 0.5%
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will be deducted from the face value if the investment is withdrawn in
the 3rd and 4th years respectively.
Investments in BSCs are not subject to withholding tax and are exempt
from zakat.
The profit earned is subject to withholding tax but is exempt from zakat
collection.
e. Bahbood Savings Certificates (BSC)
Introduced by the government in 2003, this BSC scheme is available to
widows and senior citizens in denominations of Rs.5,000/-, Rs.10,000/, Rs.50,000/-, Rs.100,000/-, Rs.500,000 and Rs.1,000,000/-.The scheme
is currently being offered at a rate of return of 16.10% p.a. payable
monthly. The scheme has a term to maturity of 10 years. The investment
can be withdrawn at any time after the issue date but withdrawal is
subject to service charges in the first 4 years after issue. Withdrawal
within the first year it is subject to a service charge of 1% decreasing
by 0.25% per year till the completion of 4 years. The monthly profit if
not withdrawn is automatically reinvested at the rate of return available
of NSS Savings Account (SA), which currently stands at 9%. Maximum
investment limit currently stands at Rs.3,000,000.
f. Pensioners Benefit Account (PBA)
Similar in structure to BSC this scheme is offered to pensioners of Federal
Government, Provincial Governments, Government of Azad Jammu &
Kashmir, Armed Forces, Semi Government and Autonomous bodies
.
g. Savings Account (SA)
The NSS savings account is an ordinary account that enables frequent
withdrawals to be made (maximum of upto three times a week). Profit
is credited to the account at the end of the fiscal year and is allotted on
the lowest balance of an account between the close of the sixth day
and end of the month. The current rate of profit is 9.00% p.a.
Profit earned on the accounts are subject to withholding tax if the
average balances within a month exceed Rs.150,000. Zakat collection
is also applicable.
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2 Realized Yields
Realized yields have been calculated one and three years after
investment for most recently auctioned PIBs and NSS instruments. The
calculations are based on the following assumptions.
Assumptions:
Invested Amount= Rs.
1,000,000 . Date of Investment = 15-Jun-2009
Profits/ Coupons not reinvested automatically in the scheme are
assumed to be withdrawn and deposited in the investors PLS Savings
Account which earns 5% p.a. In cases where automatic reinvestment is
offered it is availed.
PKRV rates at the latest date where rates are available are representative
of PKRV rates prevalent in the secondary market in the future.
Fractional trades for PIBs are permitted. Hence the entire investment
amount is utilized when invested in PIBs.
The investor is not entitled to coupon payments due prior to the investment date.
Realized yields have been calculated based on the investment being
withdrawn as follows: .
* 1-year after investment date = 15/06/2010
* 3-years after investment date = 15/06/2012
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As the above table and the graph below show the common misconception
about NSS schemes out performing other investment avenues is not
always true. Especially if the investment horizon is within one to three years.
Financial Markets Association Of Pakistan
For more detailed calculations please see the impact of convexity and the
complete price adjustment equation in the glossary.
However please note that these realized yields are without the impact of
any downward adjustment in interest rates. As mentioned earlier duration
measures the impact of an interest rate change on price. For fixed income
bonds as interest rates decline, prices rise and vice versa.
As of June 2009 analyst expectations for a policy rate cut in the next
monetary policy announcement range between 150 400 bps. The table
below shows the duration and convexity of the most recently auctioned
PIB issues. A crude rule of thumb would be to add the amount of duration
in the price for the bond for every percentage point decrease in the yield
of the bond. For instance if PIB yields change by 1% point, the realized
yield on the 3 year PIB bond will increase by another 2.46%. If PIB yields
shift downwards by 2%, the resultant increase in realized yields will be
approximately 4.92%.
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* assumes that the settlement date is equal to the issue date. The settlement date
for the May 2009 issue is assumed to be 28/05/2009. The face amount is
assumed to be Rs.100. ** Prices have been calculated on 1st June 2009.
For a 1% change in yield rates the % change in price can be determined using the
formula: -Duration change in yield rates + 0.5 Convexity (change in yield
rates)2. For example, in the case of a 3-year PIB auctioned on 27/5/2009 the
Duration and Convexity work out to 2.46 and 7.72 respectively. This means that
for a 1% increase in yield rates the price of the PIB would fall by 2.42%.
Alternatively a decrease in yield rates of 1% would result in a 2.5% increase in
the price.
The higher the tenor is the greater is the sensitivity of the price to changes in the
yield rates. Also, the greater the outstanding term (i.e. the newer the issue) the
greater will be the sensitivity of the PIB s prices to changes in the yield rates.
2.2 Volatility of PKRV rates
The volatility trend lines depict the general trend in riskiness of the PKRV
rates. PKRV rates are the primary benchmark for the valuation of PIB
securities. They are based on a survey of selected interbank brokers.
While rate volatilities are not an indicative measure of price changes since
the remaining maturity of the bond also plays a role in its value, price
volatilities are an indication of how much rates can move in a given time interval.
In the graphs that follow, any point on the curve represents the average
of the last 60 volatilities, where volatilities have been calculated based
on the prior 60 return observations. The volatilities are calculated using
daily return series and therefore reflect daily price changes or a one
day holding period. To increase the holding period to ten trading days
, simply multiply the volatility in question by the
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Fixed Income Securities:
Fixed income securities (e.g. bonds) are investment instruments that
provide a regular periodic fixed income payments and a return of
principal invested amount at maturity, or expiry of the term of the bond.
The payments amounts are known in advance. The periodic payments
are also called coupon payments and the principal amount payable at
maturity is the face/par value of the instrument. The price of the bond
can be different from the par value of the bond. If the price of the bond
is in excess of the par value the bond is selling at a premium. If it is
below the face value then it is selling at a discount.
All the three graphs show that volatilities have increased progressively,
though by the end of the period there is an indication that variations in the
rates were beginning to decrease. Shorter tenors have relatively higher
risk as compared to longer tenors.
3 Conclusion
The current interest rate outlook and available liquidity in the PIB market
represents an interesting opportunity for fixed income investors.
Compared to NSS schemes PIB can be traded using shorter holding
periods and with an expected rate cut in July, possibly higher returns than
NSS schemes.
InvestBank and InvestCapital through their retail investor PIB desk have made it
possible for retail investors to buy and sell PIBs in much smaller denominations than
market standards. For additional details about liquidity, prices and rates in your
The return on the investment in the fixed income security is summarized
by the yield to maturity. The yield to maturity measures the return on the-4
instrument assuming that the instrument will be held till maturity. The
yield calculation takes into account all future coupon and principal payments.
The price of a bond is inversely related to its yield/ interest rates. When
interest rates increase, prices decrease and the yield to maturity increases
and vice versa. The sensitivity or the responsiveness of the instrument
to interest rate changes is explained through its duration and convexity.
For a 1% change in yield rates the % change in price can be determined
using the formula: -Duration x change in yield rates + 0.5 x Convexity
x (change in yield rates)2.
Pakistan Revaluation (PKRV) Rates:
Pakistan Revaluation (PKRV) Rates: PKRV rates are indicative rates of
PIB prices in the secondary market. These rates are contributed by
money market brokers on a daily basis and updated by Reuters. The
rates and the process around them are managed by the Financial
Markets Association (FMA). The PKRV term structure is the benchmark
curve that is used for the revaluation of government securities.
preferred instruments, please call your nearest branch.
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The FMA has specified tenor buckets for which daily day-end (closing)
market rates would be quoted. For maturities that have a broken period,
the rates would be interpolated from the relevant rates mentioned in the
specified tenor buckets. The quotes are received from a panel of
designated money market brokers.
Fixed Income Research utilizes third-party data. Pakistan Risk Review is
updated monthly, so you should review and consider any recent market or
company specific news before taking any action. Stocks go down as well
as up and investors (including clients) may lose money, including their
original investment.
Karachi Interbank Offered Rate (KIBOR): The KIBOR for a particular
tenor is the average ask rate published on the Reuters page or by the
FMA. It is a reference rate used for interbank lending and is also used
as a reference rate for corporate lending. Therefore the spread between
KIBOR and T-Bills for a particular tenor is indicative of the spread
between government (risk -free) and corporate securities.
Past history is no indication of future performance and returns are
not guaranteed.
4 Disclaimer
This material is for informational purposes only and should not be considered
as advice about risk or the relative risk of a specific security in isolated or
portfolio settings. The information shared in this document is generated from
the application of approximate mathematical models on price data captured
from the financial markets of Pakistan. Some of this price data is indicative
in nature which leads to distortions in risk and price levels when actual
trades hit local markets and significant distortions in risk and price levels
when the size of these trades is larger than average volumes.
The basis for these models and the dataset used are shared within the
document
Any opinions expressed herein are given in good faith, are subject to
change without notice, and are only correct as of the stated date of their
issue and dependent on the underlying dataset and mathematical models
mentioned above..
A reference to a particular investment or security is not a recommendation
to buy, sell, or hold such investment or security, nor is it considered to be
investment advice.
137 138
DEALERS DIRECTORY 2009
DEALERS DIRECTORY 2009
January 1
January 18
February 15
May 31
July 5
September 6
October 11
November 11
November 25
December 25*
January 1
January 19**
February 16
May 25
July 4*
September 7
October 12
November 11
November 26
December 25
Birthday of Martin Luther King, Jr.
Washington's Birthday
Memorial Day
Independence Day
Labor Day
Columbus Day
Veterans Day
Thanksgiving Day
Christmas Day
New Year's Day
2010
2009
DEALERS DIRECTORY 2009
December 26
November 24
November 11
October 10
September 5
July 4
May 30
February 21
January 17
January 1*
2011
December 25
November 22
November 12
October 8
September 3
July 4
May 28
February 20
January 16
January 2
2012
International Holidays
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DEALERS DIRECTORY 2009
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DEALERS DIRECTORY 2009
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Note
DEALERS DIRECTORY 2009
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