PAK-KUWAIT INVESTMENT COMPANY (PRIVATE) LIMITED

Feb 19 - 25, 2007

BACKGROUND INFORMATION

Pakistan Kuwait Investment Company (Private) Limited (Pak-Kuwait) was established in the year 1979 with an initial paid-up capital of Rs. 250 million. It is a leading Financial Institution engaged in investment and development financing activities. Pak- Kuwait is the highest capitalized DFI operating in the country with net worth approximately of Rs. 13 billion as of Dec 31, 2006. Total dividend pay out by the company since inception amounts to Rs. 9.232 billion in the form stock and cash dividend. With the declaration of stock dividend of Rs. 4.0 billion in the year 2005 the paid up capital of the company has enhanced to Rs 6 billion. Pak-Kuwait became the first DFI and amongst the first few in the financial sector to meet the State Bank of Pakistan's (Central Bank) requirement on minimum paid up capital in 2006 instead of 2009 i.e. three years in advance.

Pak Kuwait is maintaining the highest credit rating of "AAA" long-term rating and A1+ rating for short-term by JCR-VIS for 7th consecutive and from PACRA for the 4th consecutive year in 2006. In addition to this, company has also achieved a Corporate Governance rating of "CGR-9" in 2004 & 2005 on rating scale of 1-10 (1 is minimum and 10 is maximum). In order to achieve performance par excellence in operations of the company, it has secured ISO 9001:2000 Certification in 2003 and since then company is successfully maintaining the same.

The company operates with four different but interlinked revenue generating functions and these are:

* Corporate Finance
* Capital Markets
* Treasury and
* Investment Banking

Entities Sponsored/Co-sponsored by PKIC

Over the years company has sponsored entities and these are:

* MEEZAN BANK LIMITED

First Islamic Commercial Bank in Pakistan established in 2001. In a short span of time, Meezan Bank is now recognized as a foremost Islamic reputable bank with over 60 branches nation-wide through out the country.

* AL-MEEZAN INVESTMENT MANAGEMENT COMPANY LTD

Established in the year 1995, an asset management company, which has floated three mutual funds, named: Al-Meezan Mutual Fund, Meezan Islamic Fund and Meezan Balance Fund. Total size of the funds are approximately Rs. 8.0 billion.

* PAK-KUWAIT TAKAFUL COMPANY LIMITED (PKTCL)

First Islamic Insurance Company with sponsors from Sri Lanka, Malaysia, Kuwait and Saudi Arabia, company has commenced its operations in year 2005

* FIRST CHOICE SECURITIES LTD:

Fully owned subsidiary. A brokerage company which will commence business operations shortly

* PLEXUS (PRIVATE) LIMITED

An Information Technology Company with strong IT expertise, established in the year 2001.

PROFILE - MR. ISTAQBAL MEHDI

Managing Director (January 2005 to-date) of Pakistan Kuwait Investment Company (Private) Limited, which is a leading financial institution engaged in developing and financing activities. Pak Kuwait is a joint venture between the Governments of Pakistan and Kuwait and is the highest capitalized DFI in the country with net worth in excess of Rs. 11.0 billion.

Prior to taking up his present responsibilities as Managing Director of Pak Kuwait, Mr. lstaqbal Mehdi was the:

President of the Zarai Taraqiyati Bank Limited, which is the largest bank engaged in the development and progress of the agricultural sector. It has 343 branches with Five thousand and five hundred employees working therein. The bank has a portfolio worth more than Rs 100 billion.

Chairman and Chief Executive of NIT and thereafter became the Managing Director of ICP, where he played a key role in transforming this sick institution into a healthy and profit-making institution.

Earlier before joining these institutions, Mr. lstaqbal Mehdi held executive positions in several national organizations like Chief Experts Advisory Cell, Ministry of Industry and Production and Senior Economist, Board of Industrial Management etc. Here he introduced new and innovative management systems according to international standards, which enhanced the proficiency of these institutions. The two management systems he developed i.e. signaling system, and corporate planning system were model adopted by several countries. Between 1972-76 he remained Research Fellow at Leeds University, Leeds, UK, He was also Advisor to the World Bank during the period 1969-72.

EDUCATION/TRAINING

1972-76 M. Phil (Financial Economics)
University of Leeds, Leeds (U.K)
Research Fellow, Public Enterprise
Research Project, University of Leeds,
Leeds (U.K)
1961-67 B.A. (Economics), M.A (Economics)
Government College, Lahore (Pakistan)
1982 Public Enterprise Policy in Developing Countries
Harvard University, Cambridge, Massachusetts (U.S.A.)

PROFESSIONAL EXPERIENCE

Managing Director (Jan-2005 - Present)
Pakistan Kuwait Investment Company (Private) Ltd
President & CEO (Oct. 2002 - Jan 2005)
Zarai Taraqiati Bank Limited (ZTBL)
Chairman & CEO (2001-2002)
Agricultural Development Bank of Pakistan (ADBP)
Chairman & CEO (1999-2001)
National Investment Trust Limited (NIT)
Managing Director & CEO
Investment Corporation of Pakistan (ICP)

CHIEF & CEO

Experts Advisory Cell, (EAC)
General Manager (1981-1993)
Economic Appraisal/MIS, EAC
Senior Manager/Senior Economist (1980-81)
EAC/BIM
Research Fellow, Leeds University, U.K. (1972-76)
Consultant to World Bank, Islamabad (1969-72)
Research Assistant, USAID, Lahore (1967-69)

OTHER PROFESSIONAL ACTIVITIES/ACCOMPLISHMENTS

a. President of the Assembly, International Centre for Public Enterprise (ICPE), Ljubljana, Slovenia (1992-1996).

b. Advisor/Consultant to the World Bank to establish Asia-Pacific Privatization Network (APN), (1994-1970).

c. Chairman, Task force for restructuring ICPE, Ljubljana, Slovenia, (1995-1996).

d. Consultant on Public Enterprise Reform and Public Sector Development, The World Bank, ILO, UNIDO, ICPE, Commonwealth Secretariat and Asian Development Bank.

e. Mission Member/Advisor, World Bank in various countries i.e. Mexico & Philippines etc.

f. Consultant to Asian Development Bank on the subject of capacity building for economic analysis of BOOT projects to promote investment in infrastructure and energy sector.

g. Member/Secretary, Prime Minister's Committee for economic policy in Pakistan (1990-1993).

h. More than twenty publications and studies on Public Enterprise and Reforms, Privatization and Restructuring, Poverty Alleviation, Governance Issues, Human Resource Management, Corporate Governance etc.

i. Papers presented to professional groups organized in China, India, Nigeria, Mexico, and South Africa etc. on the subject of Public Sector Reform and Privatization, Human Resource Management and Governance.