May 08 - 21, 2000
Harvest Topworth International
(HTW) commenced forex trading from Karachi as a joint venture of locals with Topworth
Group of Hong Kong. Mohammed Gulreze Mir is the Chairman and Chief Executive Officer of
the Company. Over the years, HTW has transformed from a humble forex trading firm into a
world class securities and forex brokerage house. HTW specializes in providing financial
services to a broad base clientele with headquarters in Lahore. At present investors can
enjoy one of the best trading facilities in a multinational environment at Karachi branch
and newly renovated Lahore office. In October 1999, the group acquired a seat at Lahore
Stock Exchange (LSE) and became a corporate member, offering stock brokerage service to
the Lahore based investors.
With growing international trade, currency of one country is exchanged
for that of another for settlement of a transaction. Institutions and corporations often
need a certain currency to complete a transaction or to guard themselves against exchange
rate fluctuations. This system involving the exchange of money has resulted in the
development of Global Interbank Currency Exchange Market.
Compared with other developed markets, Pakistan has the least
percentage of its population being exposed to such investment opportunities. With the
Harvest Group, improvement, innovation and growth never stop. Its objective is to offer
diversified investment products with better trading opportunities. HTW plans to expand its
operations into other developed stock markets of the world such as New York Stock Exchange
and NASDAQ in US and Hong Kong Stock Exchange and make trading in these markets available
even in Pakistan.
The Group also aims at inviting investment funds from overseas
investors through its network of offices worldwide to participate in the growing financial
markets in Pakistan. The institutions and the fund managers worldwide are closely watching
the emerging markets to diversify their investment portfolio.
Harvest Smartrend Securities (HSS) is a new entrant in equity brokerage
business in Pakistan. It was established as a joint venture between the Harvest Group of
Pakistan and Smartrend International Limited of Hong Kong. It is a full service equity
brokerage house. Despite the fact that company is in its early stages of operations, it
already enjoy good reputation amongst its competitors.
HSS offers a wide range of services emphasizing quality, accuracy and
timeliness, and above all maximum dependability. It maintains two trading facilities in
Lahore, one at its own building and the other at LSE building. Both the facilities are
equipped with state-of-the-art trading equipment and financial information system and
maintains a professional research team. HSS is also registered with the Central Depository
HSS is a participant at the CDC to facilitate its clients in regular
settlements and transferring shares through electronic system. This system offers a speedy
and efficient service. Besides, the system has helped in boosting the confidence of local
investors by minimizing the risk of theft, forgery and duplication of physical shares.
In the era of a globalization, a strong partnership/association is a
key ingredient of any organization. Harvest Group is associated with two very strong
groups based in the Far East, namely Smartrend International of Hong Kong and Topworth
Investments of Macau.
Smartrend International Holdings Ltd., which has a registered capital
of US$ 10 million, provides brokerage services for forex and securities trading to its
local and worldwide investors through its network of service agents in the United States
and the Asia-Pacific region.
Topworth Investments (Macau) Limited (TIL), a member of the Topworth
group, is a Foreign Exchange and Bullion Brokerage House with a registered capital of 30
million patacas (equivalent to 3.8 million U.S. Dollars) under the Macau Law to fulfil the
requirements of the "Macau Monetary and Bill of Exchange Authority" (Autoridale
Monetaria e Cambial de Macau, A.M.C.M.) with the sole objective of safeguarding trust and
confidence of the Investors.
HSS offers the investment opportunities in the local stock market to
the investors worldwide, especially in US and the Far East region. HTW has actually
introduced the concept of foreign exchange trading in the global markets to the investors
in Pakistan. Henceforth, creating awareness about the importance of foreign exchange as a
hedging tool for safeguarding other investments just like it is being used by all the
developed and developing economies of the world. Most important, it has added the missing
part of Pakistan's financial services' sector.
The investments pouring in through its overseas partners and other
associates is adding liquidity to the local market and adding to the volume in terms of
both capital and turnover in our markets. Hi-tech communications and other information
systems, enables HTW to get first hand information and then interpret its effect and pass
on the analyses to its customers.