LEASING AND MODARABA

Feb 21 - Feb 27, 2005 
ISSUE # 08 

At present there is only one development finance institution in the country. For meeting the medium and long-term requirement of funds, investors have no option but to approach Modarabas and leasing companies. Though commercial banks are also in the business of providing medium and long-term funds, this does not fall in their mandate. Taking the advantage, a number of banks have established Modarabas and leasing companies. Therefore, it may not be wrong to say that currently these entities are the only source of medium and long-term funds.

 

 

KOT ADDU IPO
Road shows for public offering of 20 percent (176 million shares) of Kot Addu Power Company (KAPCO) are currently being held in all major cities of the country to widen the base of public share holding in the state-owned entity.
Though the road shows and publicity campaign both in print and electronic media may help attract the investors, yet the current price of KAPCO shares i.e. Rs65 perhaps could be the real charm for the investors to put their money at a massive scale in the forthcoming shares.

TEXTILE VISION
Pakistan's Textile Vision 2005-2010 envisages an investment of about Rs300 billion with a raise in export of textile products to above $16 billion per year (from present about $7 billion) during the next five years.
The All Pakistan Textile Mills Association (APTMA) experts claimed that they have made realistic projections on the basis of an in-depth study of the textile sector which is of course the mainstay of our economy.

 

 

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