News
LDF Exhibition
In view with our commitment to support economic development in the country, Pak Brunei Investment Company participated in the Livestock, Dairies and Fisheries Exhibition,
Faruki Pulp Mills Limited - Signing Ceremony of PKR 1,400mn Syndicated Term Finance Facility
The signing ceremony of PKR 1,400mn syndicated term finance facility for Faruki Pulp Mills Ltd (“FPM”) was held on Monday 9th August 2010 at The Sheraton Hotel, Karachi. FPM is setting up first bleached eucalyptus kraft pulp mill in Pakistan which is a key raw material for manufacturing paper and is currently being imported.
The ceremony was attended by Chairman of JDW Group Mr. Jahangir Khan Tareen, representatives of sponsors including JDW Sugar Mills Ltd, Ghotki Sugar Mills Ltd, Zen Associates (Pvt.) Ltd, Ms. Ayesha Aziz, Managing Director, Pak Brunei Investment Company Limited (“Pak Brunei”) and representatives of participating financial institutions.
Pak Brunei is the Financial Advisor and Lead Arranger for the transaction.
Memorandum of Understanding signed between Pak Brunei and Al Aman Holding Company (Pvt.) Limited
A Memorandum of Understanding (“MoU”) has been signed between Pak Brunei Investment Company Limited (“Pak Brunei”) and Al Aman Holding Company (Pvt.) Limited (“Al Aman”) on October 01, 2010. As per the terms of MoU, both Pak Brunei with Al Aman have agreed to work together on state of the art corporate farming projects. The objective to undertake such projects is to achieve high yield and quality output at relatively minimum cots through use of quality seeds and fertilizer, efficient irrigation methods with low water consumption etc. as inputs for the cultivation of food and non-food crops. The primary focus of Pak Brunei to execute the aforementioned MoU is to support development of Corporate Farming sector of the country.
Visit By Mr. Khalid Mirza
Mr. Khalid Mirza, Former Chairman Competition Commission of Pakistan (CCP), visited Pak Brunei on Thursday December 02, 2010. He has been engaged in consultancy services for various international financial institutions. The session was interactive and Mr. Khalid presented his views on the current economic conditions of the Country. The meeting was beneficial as Mr. Khalid talked about credit opportunities in the market. He also spent time with the Head, Equity Market to discuss the equity portfolio of the company and the techniques/ tools used for analysis.
Popular Juice Industries
A site visit was made to the factory premises of Popular Juice Industries (Unit II) situated at SITE Karachi and Popular Food Industries Limited (Unit I) at Tando Adam (Sindh) Pakistan on 30th November 2010 by the Managing Director- Pak Brunei, Ayesha Aziz, Mr. Jaleel Shaikh (Group Head Operations), Ms. Fareena Lodhi (Head Corporate Banking) and Amber Paracha (Head, Credit Risk). Pak Brunei has recently initiated the relationship with Popular Juice Limited, a pioneer in the food and beverages industry. The visit covered other units of the Popular Group, i.e. Popular Fibre Mills (Pvt). Ltd situated at Nooriabad Industrial Area. Pak Brunei’s financing is for the production and packaging of juices in PET bottles.
Site Visit to Ismail Industries Limited
A site visit was made to the factory premises of Ismail Industries Limited on 27-April-2010 situated at Hub Industrial Area, Balochistan by Managing Director Ayesha Aziz accompanied by Ms. Sumaira K. Aslam,
Increase in Portfolio Size
The Corporate Advances portfolio witnessed an increase of 47% from 31-Dec-09 to June of 2010. New client relationships were established with leading players in diversified industries including
Presentation held on Thursday, June 10, 2010
A comprehensive presentation was given by Mr. Jahangir Khan Tareen & his management team on Agro Sector opportunities. The presentation was organized by Pak Brunei to highlight prospective
Privately Placed, Term Finance Certificates (PPTFCs) amounting to PKR 5,000 mn for National Investment Trust (NIT) Limited
Rated, Listed, Unsecured & Subordinated Term Finance Certificates (TFCs) amounting to PKR 3,000 mn for Askari Bank Limited
Rated, Listed and Secured Term Finance Certificates (TFCs) amounting to PKR 2,000 mn for Engro Chemical Pakistan Limited
Privately Placed, Term Finance Certificates (PPTFCs) amounting to PKR 1,000 mn for Martin Dow Pharmaceuticals Limited
Syndicated, Term Finance Facility amounting to PKR 1,400 mn for Faruki Pulp Mills Limited
