Pak Oman Investment Company Limited is a specialised Financial Institution formed as a joint venture between the Governments of Pakistan and Sultanate of Oman in July 2001.
The company has equal equity participation by each sovereign sponsor of Rs 3.075 billion with a total paid up capital of Rs 6.15 billion and a professional and independent Board formed primarily from the private sector.
Pak Oman Asset Management Company Ltd. (POAMCL) is a Non-Banking Finance Company incorporated on July 28, 2006 as a public unlisted company with the principal objective of acting as an investment manager for mutual funds.
POAMCL has paidup capital of Rs.330 million and is licensed by the (SECP) to undertake Investment Advisory Services and act as an Investment Advisor under Rule 5(2) of the NBFC Rules, 2003.
Pak Oman Asset Management Company Limited strives to be the pioneer in new investment solutions by setting higher standards in the industry. It is this aim that drives our innovative and customized approach to meet our client's changing investment needs.
We believe in professionalism, transparent and responsible decision making, and continuous learning, to ensure better returns for our investors while maintaining high ethical standards.
The Pakistan Microfinance Network (PMN or ‘the Network’), the national association for retail players in the microfinance industry, was established as an informal group by industry practitioners in 1997, under the name Microfinance Group-Pakistan [MFG-P]. At the time, the group was focused on coordinating dialogue and lateral learning opportunities between members. Over time, with the increase in the nature and level of activities, and membership, the setup was registered with the Securities and Exchange Commission [SECP] in April 2001 under the Companies Act. It has since been known as the Pakistan Microfinance Network. Currently the network strength stands at 44 Microfinance Providers including Microfinance Banks (regulated by SBP) and Non-Bank Microfinance companies (regulated by SECP).
Company website: https://pmn.org.pk/
State Bank of Pakistan (SBP)
The State Bank of Pakistan (SBP) is incorporated under the State Bank of Pakistan Act, 1956, which gives the Bank the authority to function as the central bank of the country. The SBP Act mandates the Bank to regulate the monetary and credit system of Pakistan and to foster its growth in the best national interest with a view to securing monetary stability and fuller utilization of the country’s productive resources.
Company website: www.sbp.org.pk
Introduction to FBR
The Central Board of Revenue (CBR) was created on April 01, 1924 through enactment of the Central Board of Revenue Act, 1924. In 1944, a full-fledged Revenue Division was created under the Ministry of Finance. After independence, this arrangement continued up to 31st August 1960 when on the recommendations of the Administrative Re-organization Committee, FBR was made an attached department of the Ministry of Finance. In 1974, further changes were made to streamline the organization and its functions. Consequently, the post of Chairman FBR was created with the status of ex-officio Additional Secretary and Secretary Finance was relieved of his duties as ex-officio Chairman of the FBR.
Company website: https://www.fbr.gov.pk/
Pakistan Stock Exchange
Pakistan Stock Exchange was established on September 18, 1947 and was formally incorporated on March 10, 1949 under the name of ‘Karachi Stock Exchange’, as a Company limited by Guarantee. In October 1970, a second stock exchange was established in Lahore to meet the stock trading needs of the provincial metropolis. In October 1989, Islamabad Stock Exchange was established to cater to the investors of the northern parts of the country. Because the three exchanges had separate management, trading interfaces, indices, and had no mutualized structure, therefore the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012 was promulgated by the Government of Pakistan which ultimately resulted in the three exchanges integrating their operations effective January 11, 2016 under the new name ‘Pakistan Stock Exchange Limited’ (PSX).