The present leadership is
credited with taking some unique initiatives for the uplift of the
economy, education, industry, and notably the agriculture, which happens
to be its backbone.
The creation of a special
portfolio of Agricultural Marketing in the cabinet to give the sector
the much-needed boost was a step in the right direction. Another
milestone was the recent creation of PAMCO (Punjab Agri Marketing
Company) headed by a dynamic Mansoor Arifeen, a US educated business
executive destined to break fresh ground in this hitherto neglected
area. With postgraduate degrees in Finance and Law from Fletcher School
of Law and Diplomacy and Tuft, Mansoor was assigned the task as CEO of
PAMCO with a mandate to establish an effective marketing infrastructure
in Punjab for perishable agricultural produce some six months ago. The
imaginative and resourceful CEO of PAMCO finds his task set out in clear
terms to give the agriculture sector a kick-start with his modern
concepts it has been long denied. He has identified the high potential
projects in this regard. These include cold chain infrastructure to set
up cold storages in farm areas near transportation facilities like
airports, railway stations etc., and in urban areas. Also provision of
Reefer Transport - Refrigerated vans and Refrigerated railway cars.
Another aspect is setting up of processing units, which will include
mango pulp processing, potato processing/dehydration, citrus
processing/concentrate, onion processing/dehydration and tomato
All these steps involve not
only value-addition but also cutting down the huge losses and waste
resulting from the perishable nature of these produces in Punjab.
In today's global business
economy, integrated supply chains are one of the most powerful
competitive tools. PAMCO, Mansoor Arifeen says, was established to
address the need for more effective cooperation within agricultural
As a connecting partner PAMCO,
he said all is set to participate with the private sector in making
investment, through, Venture Capital, Direct Equity, Joint Venture
Participation, Feasibility Report, Development Marketing Initiatives,
Cost Sharing, Technology Transfer Agreements and Intellectual Property
PAMCO's aggressive CEO is
fortunate to have the support of a carefully chosen Board of Directors.
The board includes Hamesh Khan, the President of Bank of Punjab. It is
BOP, which under his progressive leadership had launched several
innovative schemes in the agriculture sector and no doubt PAMCO would
benefit from this experience and vital support.
PAMCO has been quick to sign a
MOU with JSCM (Jahangir Siddiqui Capital Market), over the weekend;
designed to bring private sector investment in PAMCO sponsored projects
in the agri-business sector of Punjab. Jahangir Siddiqui Capital Market,
has undertaken to explore investment opportunities with PAMCO for the
development of sectors like fruit, vegetables, dairy and livestock etc.
Punjab Agri Marketing Company
is a private sector-led organization formed by the Government of Punjab
under the public-private partnership concept. Its main objective is to
attract and promote private sector investment through projects and
initiatives focusing on removing the supply side constraints in the
sales and marketing of agriculture commodities facing post harvest
losses, quality issues and marketing problems.
Jahangir Siddiqui Capital
Markets Ltd. is a part of JS Group, involved in strategic investments,
asset management, aviation, insurance, sugar and banking. The group has
made substantial investments in new and emerging opportunities in the
Pakistan economy including agriculture. The MoU with PAMCO is expected
to provide substantial impetus for increasing investments in the
The above development has also
resulted in Jahangir Siddiqui Capital Market, making its welcome foray
into Punjab by formally opening its offices in Punjab Capital.
G.M. Malkani, the seasoned CEO
of JSCM, was upbeat about their new initiative and saw Punjab as opening
up of whole new world in their rapidly expanding and successful group.
He underlined their already deep contacts here and range of
diversification undertaken by them to enlarge their horizons.
According to him "JS
Capital Markets was incorporated as a private limited company in
Pakistan under the Companies Ordinance on 28 June, 2000 under the name
of JSCL Direct (Pvt.) Limited. However, the operations of the company
started in May 2003 under the name of Jahangir Siddiqui Capital Markets
(Pvt.) Limited, subsequently, it became a public limited company on
February 7, 2005.
Presently, it holds a long term
credit rating of AA- ("Double A minus') and a short term rating of
Al + ('A one plus") by Pakistan Credit Rating Agency (Pvt.) Ltd.
JS Capital Markets Limited (JSCM)
is a JS Group company. JS Group is one of the largest and most
diversified financial services groups in Pakistan, involved in
investment banking, fixed income and equity securities sales &
trading, asset management, insurance and Shariah finance. The Group is
also a private equity investor in the country's Sugar, Media, Textile,
Telecom, IT, building materials and Oil & Gas sectors through
significant holdings in industry leading companies in these sectors. The
principal activities of Jahangir Siddiqui Capital Markets are share
brokerage, money market and foreign exchange brokerage, equity research,
advisory and consultancy services.
"Equity sales team
provides the clients with service in all aspects of equity markets. This
ranges from the timely analysis and processing of information through
our Research Department, speedy execution of client orders and prompt
settlement of all trades. We have retained our unique ability of being
able to understand and provide information from a perspective that can
be understood by domestic and foreign clients alike."
For their outstanding quality
of services, the group has been the proud recipient of Asia Money's
Excellence award for being the "Best Domestic Equity House".
They have also one of the largest Fixed Income Sales teams in the
industry that serves over 100 institutions. Clients include commercial
banks, investment banks, leasing companies, mutual funds and gratuity
funds/pension funds and provident funds. The company is intending to
introduce advanced means of resources not only to improve the quality of
service but also to maintain it's business."