Federal Footprint Soes Annual Report
Federal Footprint Soes Annual Report
FY 2019
VOL 1: COMMERCIAL SOEs
March 2021
FEDERAL FOOTPRINT
SOEs ANNUAL REPORT
TABLE OF CONTENTS
2
LIST OF TABLES
Table 1: Foreign Loans Disbursed During the Year to Commercial Entities ................................................................. 45
Table 2: Domestic Loans Disbursed During the Year to Commercial Entities ............................................................. 45
Table 3: Subsidies During the Year to Commercial Entities ................................................................................................. 45
Table 4: Equity Investments During the Year ............................................................................................................................. 45
Table 5: Guarantees Issued During the Year ............................................................................................................................... 45
Table 6: Dividends Received by GOP from commercial SOEs .............................................................................................. 46
Table 7: Finance Division Information Template for SOEs ................................................................................................... 47
3
FOREWORD
State-owned Enterprise (SOE) refers to commercial and non-commercial public-sector corporations, Development
Finance Institutions (DFIs), authorities and Public Sector Companies (PSCs) as defined in the Public Sector Corporate
Governance Rules. SOEs are siginicant players in Paksitan’s economy and continue to hold dominance in the provision
of public goods and services, particularly in power, aviation, railways and energy sectors. SOEs also opereate in sectors
where the private sector is reluctant to operate due to low profit margins. Due to their size and dominance in key
economic sectors such as power, transport and financial, their finncial and opetrational performance has a significant
impact on the economy as a whole as well as on the the quality of lives of citizens. Hence, it is crucially important for
the government to effcetively monitor the performance of its SOE portfolio in a transparent manner.
This is the Sixth edition of the “SOEs: Federal Footprint Report” tracking the performance of State-Owned Enterprises
owned and controlled by the Government of Pakistan. After the review of the previous editions and feedback received
by different stakeholders, FY 2017-18 report had been compiled with several improvements in reporting structure but
without compromising transparency and disclosure of important financial information. This report follows the format
of last year, whereby it was divided in two distinct volumes, one for commercial SOEs and the other for non-commercial
SOEs. The aim is to report the performance of the two segments distinctly, ensuring that commercial SOEs are evaluated
on financial and operational measures while the non-commercial SOEs are evaluated by their achievements against
socio-economic objectives. It is hoped that the readers of the report will find this arrangement helpful in analyzing and
assessing core performance of the different SOE categories. This report reclassifed SOEs into sectors which meaningfully
reflect the nature of SOEs’ operations; and consolidation of subsidiaries’ financial information with their holding
companies. To enhance reader-friendliness, emphasis has moved to graphical presentation of data in addition to
tabulations. Additionally, the report goes beyond simply highlighting the financial performance of SOEs and includes
observations on legal and administrative structures, corporate governance practices, financial support provided by the
GoP, and profiling of human resources.
This report, from data collection, compilation to final analysis, was undertaken by the Implementation and Economic
Reforms Unit (IERU) of Finance Division with the technical support from World Bank. The report is intended to provide
the readers key financial and non-financial information about the SOE portfolio, enhance transparency and improve
accountability.
The IERU team has greatly benefited from the guidance of Dr. Ishrat Hussain, Special Adviser to Prime Minister on
Institutional Reforms and Austerity particularly in improving the reporting structure of this version. Due credit also goes
to Dr. Abdul Hafeez Sheikh, Adviser to the PM on Finance and Revenue for his overall guidance and oversight during the
entire process of compilation of this report. Moreover, the support and guidance of Mr. Kamran Ali Afzal, Finance
Secretary was extremely helpful throughout the process and is greatly appreciated.
Finally, it is commendable effort by all federal ministries for their participation, SOEs for their extensive inputs and
World Bank consultants for their valuable suggestions and support, without which the report would not have been
possible. Several officials in Finance Division in general, and Mr. Zafar Iqbal, Research Officer in particular have
significantly contributed to compilation of data and finalization of this report. It is hoped that the report will provide
insights and stimulate useful discussions that will benefit further SOE reforms in the country leading to improved
financial performance and better service delivery for all citizens in the years to come.
(Dr. Imran Ullah Khan)
Director General
Implementation and Economic Reforms Unit
4
PORTFOLIO OVERVIEW
The Government of Pakistan’s (GoP) commercial State-Owned Enterprises (SOEs) portfolio contains 87 entities, mainly
in the power, energy, financial, manufacturing, transportation, and trading sectors. These entities are expected to be at
least self-sustainable and provide high-quality services. Out of the 87 commercial enterprises, 10 are also listed on the
Pakistan Stock Exchange (PSX). These entities were established at different points in time and for different reasons, and
there is significant variation in their operations. Some have been formed primarily for commercial trading reasons such
as the Pakistan LNG Limited (PLL) while others have been formed to undertake predominately social service delivery,
such as ensuring food security through the Trading Corporation of Pakistan (TCP) and Pakistan Agricultural Storage
Services Corporation (PASSCO).
An overview of financial and non-financial performance of the commercial SOE’s is given below. All numbers are in Rs.
million (except HR, BoD and entity number) and all figures/tables reflect data for FY 2019 unless explicitly stated
otherwise.
Commercial SOE Classification Scheme
Commercial
Insurance Communnicat
Management
ion
Railways
5
Commercial SOEs Sectoral Classification SOEs Incorporation Classification
Financial
Infrastructure,
6 Transport & ITC
4 18
4 Manufacturing,
Mining & Engineering
Oil & Gas 16 Established through
Enactment
Power
21 12 Under the Companies
Act 2017
Industrial Estate 71
Development
Trading & Marketing
8 14
Miscellaneous
16,334 10,973
24,423
48,412
Executives
Officers
Staff
Contractuals
Daily Wages
Executive Non-Executive Independent
Female 7 16 15
315,528
Male 134 298 179
1,159 Financial
200
51,601 5,068 229 Power 4,930
4,033 464
300 Trading &
52,099 Marketing 396,396
369 140 138
Infrastructure,
Transport & ITC
Oil & Gas Financial
Manufacturing,
Power Trading & Marketing Mining &
Engineering
Infrastructure, Transport & ITC Manufacturing, Mining & Engineering FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19
6
Revenue - Sectorwise Classification
2,908,720
1,887,873
374,315 429,491
23,728 2,712 62,878 17,303
Financial Infrastructure, Manufacturing, Oil & Gas Power Industrial Estate Trading & Miscellaneous
Transport & ITC Mining & Development Marketing
Engineering
1,908,836
1,399,513
682,934
316,949 360,220
121,713 25,434 221,173 164,646 56,631
30,671 29,674 41,989 86,151 27,299 31,979
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5,347,626
4,904,379
2,646,036
496,738 297,530
17,339 28,713
Financial Infrastructure, Manufacturing, Oil & Gas Power Industrial Trading & Miscellaneous
Transport & Mining & Estate Marketing
ITC Engineering Development
7
Total Assets - Sub sectorwise Classification
4,435,758
3,369,211
2,713,771 2,747,632
1,983,044
1,435,175
1,151,785 1,046,461
336,868 249,034 298,799 358,184 401,813
46,515 5,851 164,401
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(117,282)
(266,634)
Financial Infrastructure, Manufacturing, Oil & Gas Power Industrial Estate Trading & Miscellaneous
Transport & ITC Mining & Development Marketing
Engineering
(2,266) (6,738)
(32,299)
(56,121)
(143,052)
(173,792)
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8
Top Ten Profit Making Companies (Rs. Million)
FY2019 FY2018
1 OGDCL 118,386 OGDCL 78,737
2 PPL 59,459 PPL 45,826
3 GHPL 34,179 GHPL 28,069
4 NPPMCL 18,993 NBP 20,016
5 NBP 16,647 PARCO 18,517
6 PARCO 12,335 PSO 15,462
7 NTDC 11,236 NTDC 14,736
8 PSO 10,587 SNGPL 11,121
9 SNGPL 7,076 PQA 6,779
10 GEPCO 6,496 NPPMCL 3,283
204
61
(187)
(143)
(237)
(286)
9
List of SOEs with Major Changes in Net (Loss) 2018-19
Rs. Million
Change Change
Entity Name FY 2018 FY 2019
(%) (Absolute)
Faisalabad Electric Supply Company
1 (39,771) (8,057) -80% 31,714
Limited
2 Lahore Electric Supply Company
(56,635) (31,622) -44% 25,013
Limited
3 Islamabad Electric Supply Company
(27,337) (7,593) -72% 19,744
Limited
4 Hyderabad Electric Supply Company
(21,701) (6,753) -69% 14,948
Limited
5 Peshawar Electric Supply Company
(42,986) (29,263) -32% 13,723
Limited
6 Multan Electric Power Company Limited (33,825) (22,782) -33% 11,043
7 Pakistan International Airlines
(66,827) (56,037) -16% 10,791
Corporation
8 GENCO-II: Central Power Generation
Company Limited, Thermal Power (3,836) 3,517 -192% 7,353
Station, Guddo
9 Pakistan Railways (36,622) (32,769) -11% 3,853
10 Pakistan Post Office (10,500) (9,135) -13% 1,365
10
EXECUTIVE SUMMARY
For the purpose of this report, the entities with sufficient revenue streams to cover their operational cost are categorized
as commercial SOEs. These include companies registered with SECP under sections other than 42 of the Companies Act
2017 as well as the entities established through special enactments which are expected to be financially self-sustainable
like Paksitan Railways and Pakistan Post Office.
It is encouraging to note that the overall losses of the SOE portfolio have significantly reduced in FY 2019 as compared
to FY 2018. The overall losses were the highest in FY 2018 amounting to Rs. 286 billion, which were curtailed to Rs. 143
billion in FY 2019. This improvement in the financial performance of SOEs was mainly due to the reduction of losses in
power sector (see tables on Page 10 for major changes in net profit/(loss) of selected SOEs during FY 2018-19).
Power sector has the largest number of commercial SOEs, with 21 entities, and has the largest share of assets within the
SOE portfolio, amounting to over Rs. 7.8 trillion in FY2019. These companies range from power generation to
distribution, transmission, management and trading. Financial sector SOEs are next in the list having 18 entites with the
third largest share of total portfolio of assets.
Commercial SOEs employ 415,670 workforce including officers and executives. Sub-sectoral wise, distribution
companies continue to lead in employment opportunities with 114,253. In terms of overall employement, 71.5 percent
of all employees are non management staff, while 15.8 percent are officers’ level. Less than 3 percent of the total
employees are executives while another 3.9 percent are daily wage earners.
In FY 2018-19 net loss of SOE portfolio was Rs. 143.6 billion which was significnatly lower than the net losses recorded
in FY 2018 amounting to Rs. 285.8 billion. The decrease in losses was mainly due to improvement in financial
performance of some of the major loss-making entities leading to lower fiscal risks for the federal government.
Despite significant reduction in net losses, the Government of Paksitan needs to continue its reform efforts to further
cutrail the losses in SOEs. It is imperative that commercial SOEs achieve positive financial returns on the back of prudent
expenditure management, improved revenues and efficient use of resources such as staff, capital and assets.
Sub-Sector 1 Sub-Sector 2 Sub-Sector 3 Sub-Sector 4 Sub-Sector 5
Financial Banks NBFIs Insurance DFIs
Infrastructure, Transport & Ports & Railways Roads & Aviation Communication
Communication Shipping Highways
Manufacturing, Mining & Metals and Engineering Printing
Engineering Mining Consultancy
Oil & Gas Exploration & Refineries Marketing &
Development Distribution
Power DISCOs GENCOs Transmission Management
Industrial Estate Development Industrial Estate Development
Trading & Marketing Trading Agricultural Chemicals
Storage
Miscellaneous Media Other Services Promotion &
Entertainment Advocacy
11
INTRODUCTION
Although SOEs operate in all countries and in every type of economy, there has been a persistent debate over the
rationale of presence of SOEs in a market economy. Generally, this discussion is largely focused on the question of
‘efficiency’ of an entity if it operates in the public sector as compared to its performance if managed by the private sector.
Following a more common observation that as the incentive structure in the public sector is poorly designed for a
commercial activity, the private sector is considered to play the dominant role in commercial decision-making while the
role of government needs to be limited to provisioning of essential institutions and infrastructure for the market to
operate at its optimal level. Even in cases of any ‘market failure’, the government must intervene to the extent of
addressing the market failure and not to undertake an otherwise commercially feasible economic activity.
The presence of a large number of commercial SOEs in Pakistan needs to be examined in the historical background of
evolution of markets and institutions in this country. While peculiar market conditions required intervention by the
state and undertaking an economic activity by itself through an SOE was a readily available solution, the dynamic
structure of the market pushed for establishing more SOEs. As a result, a number of commercial SOEs were established
from time to time, but the winding up or privatization of redundant SOEs remained a slow process thereby leading to a
large portfolio of SOEs with limited justification for continued presence of several entities.
Another area of concern about the SOEs portfolio in Pakistan is their poor financial performance leading to their low
quality of service delivery and their dependence on government support and finances to sustain. The poor management
and weak governance structures led to several entities into losses which were erstwhile profitable businesses like
Pakistan Railways and Pakistan International Airlines. Similarly, poor management and delay in required policy reforms
led to serious liquidity problems in the power sector.
This report is not intended to address all the questions surrounding the SOE portfolio in Pakistan. Nor is there sufficient
data and information in this report to completely capture the policy issues and governance challenges having a bearing
on the performance of SOEs. As such, evaluation of the performance of SOEs only through key financial and management
information which form part of this report can be misleading unless the operations of each SOE are appropriately
contextualized.
Despite its limitations, as highlighted above, the information collected and compiled in this and earlier reports serve as
a ready reference for sequential quantitative information for further examination and analysis by policy makers,
researchers, and other stakeholders. Based on the feedback and comments from the valuable readers of the earlier
reports, an effort has been made to improve the structure and presentation of the data in this report as compared to
previous versions. For appropriate sequential data examination, the following aspects of this report as compared to
previous versions need to be duly considered:
a) The information of commercial subsidiaries has been consolidated with their holding companies which were
erstwhile separately and individually reported. The purpose of this consolidation is to make the data more
precise and give the readers a better view of the performance of the holding company
b) The SOEs are grouped into 7 sectors according to their market operations while the left-over entities are
grouped as ‘miscellaneous’. For further ease of the readers, sub-sector level information has also been reported.
Further improvements in data collection and reporting shall be made in future as well. The valuable feedback and
suggestions of users of this report will be highly appreciated to make future reporting even better.
12
YEAR IN REVIEW
Financial
This category includes Banks, Insurance Companies, Non-Banking
Financial Institutions (NBFIs), and Development Finance Institutions
(DFIs). No new SOE or its subsidiary is added to this sector in current
Financial Year. This Sector has overall observed a Rs. 374 billion of net
income which is 22 percent higher than last year.
Although the net profit of this sector declined in FY2019 as compared to FY2018, the financial sector remained profitable, posing no
fiscal risk for the Government. On a year-on-year basis, both the insurance companies and commercial banks showed an increase in
revenues and profitability. DFI’s, in turn, reported their highest net profit of Rs. 6.6 billion during the year. All GOP owned banks and
insurance companies remained compliant with statutory capital requirements and played their part in providing capital to the
unbanked population (such as the SME bank, NBP and ZTBL) and bringing efficiencies to capital markets.
121,713 30,000
25,000
20,000
Banks
15,000
NBFIs 10,000
DFIs 5,000
221,173 Insurance -
5,995 FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19
(5,000)
25,434
Banks NBFIs DFIs Insurance
13
HR-Age Segregation Staffing
3315
5817
42 220
9,384
18,140
18182
15 out of 18 SOEs in this category were profitable in FY NATIONAL BANK OF PAKISTAN
2018-19 with the aggregate net profit amounting to Rs. 33 (NBP)
Billion. National Bank of Pakistan (NBP) remained the
largest profitable company with the net profit of Rs. 16. 6
Billion, contributing 50% to the aggregate profits; other
two leading profitable companies in this category are Pak National Bank of Pakistan passed the PKR 3.0 trillion mark in
Kuwait Investment Company (Private) Limited and House terms on Total Assets at end of FY 2019. Total assets closed
Building Finance Company Limited with the net profits of at PKR 3,124.4 billion, illustrating 11.6 percent growth from
Rs. 4.7 Billion and Rs. 2.7 Billion respectively. Only three PKR 2,798.6 billion a year before. Additionally, the bank got
loss-making SOEs in this group have combined net losses its “AAA” credit rating, the highest for any commercial bank
of Rs. 19.6 Billion, and ZTBL remains the largest loss- in Pakistan. At the end of 2019, both the common equity tier-
making company among financial SOEs with net loss of Rs. 1 ratio and the total capital ratio stood at 12.11 percent and
18.2 Billion in FY 2018-19. 15.48 percent, respectively. Both of the ratios were1.5
percent over the minimum threshold as specified by the SBP.
PAKISTAN REINSURANCE COMPANY
LIMITED (PAKRE)
The role of the PakRe in Pakistan's economic development is significant. PakRe’s understanding of the rising insurance and
reinsurance requirements of the economy and is responsible to cope up with national demands. In this regard, PakRe acts as a
re-insurer of prestigious public sector companies such as NICL, PSO, OGDCL, PPL, PNSC, KSEW etc. The scope of services of PakRe
falls in consolidating the position, both at home and abroad, and promoting further expansion. The company witnessed overall
improvement in the profitability of the company. Where the gross premium for FY 2019 amounted to Rs. 17.6 billion, marking
an increase of 64.5 percent from the previous year. The company realized an increase of Rs. 5.8 billion in gross revenues from
public sector companies during the year to Rs. 10.2 billion, an increase of 134 percent from last year.
14
Sector Snapshot – Financial
Financial
Total number of SOEs 34
Total number of Independent Companies 18 53%
Total number of Subsidiaries 16 47%
15
List of Entities – Financial Sector
FINANCIAL
Banks Entity ID
Zarai Taraqiati Bank Limited 1
- Kissan Support Services (Private) Limited
SME Bank 2
- SME Leasing Limited
16
YEAR IN REVIEW
The Infrastructure, Transport & ITC sector comprises of Ports & Infrastructure, Transport & ITC (12)
Shipping, Railways, Roads & Highways, Aviation, and
Communication companies. They are under purview of M/o Ports
& Shipping, M/o Railways, Aviation Division, M/o Communication, Communi Ports& Roads and
and M/o Information Technology and Telecommunication. Railways Aviation
cation Shipping Highways
(1) (1)
(3) (4) (3)
This sector performed well in current year depicting 16 percent increase in net revenue bringing it to Rs. 297.8 billion. The dividends
realized for government from this sector rose to Rs. 4.9 billion in the current year. Furthermore, this sector also saw an influx of loans
for roads and highway projects with total foreign lending increased by 136 percent and reaching up to Rs. 154,529. Maximum
revenues came from sub sector Aviation due to overall improvement in revenue stream generated by Pakistan International Airlines
(PIA).
17
HR - Age Segregation Staffiing
468 559
8513
4439
64,695
86,358
114855
18
Sector Snapshot – Infrastructure, Transport and ITC
Note: Except for Total Number of SOEs,
Total Number of Board of Directors (BoDs) and Total Employees, all other numbers
are in Rs. Million.
19
List of Entities – Infrastructure, Transport and ITC
INFRASTRUCTURE, TRANSPORT AND COMMUNICATION
Ports & Shipping
Karachi Port Trust 19
Pakistan National Shipping Corporation 20
- Bolan Shipping (Private) Limited
- Chitral Shipping (Private) Limited
- Hyderabad Shipping (Private) Limited
- Islamabad Shipping (Private) Limited
- Johar Shipping (Private) Limited
- Kaghan Shipping (Private) Limited
- Karachi Shipping (Private) Limited
- Khairpur Shipping (Private) Limited
- Lahore Shipping (Private) Limited
- Lalazar Shipping (Private) Limited
- Makran Shipping (Private) Limited
- Malakand Shipping (Private) Limited
- Multan Shipping (Private) Limited
- Pakistan Cooperative Ship Stores (Private) Limited
- Quetta Shipping (Private) Limited
- Sargodha Shipping (Private) Limited
- Shalamar Shipping (Private) Limited
- Sibi Shipping (Private) Limited
- Swat Shipping (Private) Limited
Communication
National Telecommunication Corporation 28
Pakistan Post Office 29
Pakistan Telecommunications Company Limited 30
20
YEAR IN REVIEW
This sector showed a positive performance overall in current financial year with net losses decreased by 5 percent amounting to Rs.
12.9 billion compared to Rs. 13.8 billion last year. The major losses in this category originates from Pakistan Steel Mills (PSM). Overall,
the sector was able to generate revenue of Rs. 23.7 billion during FY 2019. In terms of profitability, the top performers of the sector
are metals and mining, followed by engineering consultancies. The engineering sector also remained the leading sub-sector in terms
of net profit.
21
HR-Age Segregation Staffing
2297
4588
76
2095
7580
11501
10013
NESPAK
NESPAK has developed a research and development (R&D) cell during FY 2019. The newly formed Cell has been charged
with developing detailed repositories, standard design procedures, manuals, guidelines, process documentation and
documentation for various engineering disciplines. The R&D department would also venture out into innovative tools and
analysis techniques with sister institutions to foster efficient and effective practices. NESPAK in a joint venture with ISL
Ingénierie, France, Office International de l'Eau, France, GIBB (Pvt.) Limited, South Africa and OREADEBRECHE SAS, France
has been entrusted by the Economic Community of Central African States to carry out design works for Booue and Tsengue-
Leledi Hydroelectric Projects in Gabon, Central Africa. NESPAK in a joint venture with H.P. Guaff Ingenieure GmbH & Co.
KGJBG has won the construction supervision of Kano River and Hadejia Valley Irrigation Schemes, Dam Safety and River
Training in Hadejia-Jama'are Basins. The project will be implemented by Nigeria's Federal Ministry of Water Resources and
funded by the World Bank with a total project cost of US$ 2.37 million.
22
Sector Snapshot – Manufacturing, Mining and Engineering
Note: Except for Total Number of SOEs, Total Number of Board
of Directors (BoDs) and Total Employees, all other numbers
are in Rs. Million.
23
List of Entities – Manufacturing, Mining, and Engineering
MANUFACTURING, MINING & ENGINEERING
Metals and Mining
State Engineering Corporation (Private) Limited 31
- Heavy Electrical Complex (Private) Limited
- ENAR Petrotech Services (Private) Limited
- Pakistan Machine Tool Factory (Private) Limited
- Pakistan Engineering Company Limited
Engineering Consultancy
Pakistan Environmental Planning & Architectural Consultants (Private) Limited 40
National Engineering Services Pakistan (Private) Limited 41
- NESPAK and Partners LLC, Muscat, Oman
- Mohammad Hisham Aitah-NESPAK, Riyadh, Saudi Arabia
- NESPAK Limited - Doha, Qatar
24
YEAR IN REVIEW
The line ministry for all SOEs in the Oil and Gas sector is M/o
Energy. The Petroleum Division of M/o Energy deals with Oil and Oil and Gas (8)
Gas sector while Power sector companies are under purview of
Power Division. Exploration & Marketing &
Refineries
Development Distribution
(2)
(3) (3)
Overall, the oil and gas companies remain the backbone of the GoP SOE portfolio and have consistently remained on the forefront of
new exploration initiatives, even in the frontier areas. It is expected that with enhanced pricing initiatives and improved law and
order situation, the oil and gas entities will fare further in the years to come. Overall, this sector witnessed 26 percent increase in
net revenue compared to last year. The net profit stands at Rs 242 billion with sub sector exploration leading with net profit of Rs.
212 billion.
150,000
100,000
50,000
1,908,836 316,949
-
FY2014-15 FY2015-16 FY2016-17 FY2017-18 FY2018-19
(50,000)
Exploration & Development Refineries Marketing & Distribution Exploration & Development Refineries Marketing & Distribution
25
HR-Age Segregation Staffing
783
3192
13120
5674
27011
18863
Note: Except for Total Number of SOEs, Total Number of Board of Directors (BoDs) and Total Employees, all other numbers
are in Rs. Million.
27
List of Entities – Oil and Gas
Refineries
Pak Arab Refinery Company 48
State Petroleum Refining & Petrochemical Corporation 49
Marketing & Distribution
Sui Southern Gas Company Limited 50
- SSGC LPG (Private) Limited
- Sui Southern Gas Provident Fund Trust Company (Private) Limited
28
YEAR IN REVIEW
Power
This category consists of all SOEs in Power sector including Distribution
Companies, Generation Companies, Transmission Companies, and
Power Management Companies. No new SOE or its subsidiary is added
to this sector in current Financial Year.
FY 2019 proved to be a turnaround year for the power sector as the net losses reduced to Rs. 115.3 billion compared to Rs. 256.7
billion last year. The government made concerted efforts to reduce transmission and distribution losses as well as improved
recoveries, which remains lower than the last FY2018. Recently, the Government also worked with development partners as well
as the IMF to institute a circular debt management plan, rationalized tariff, initiate quarterly tariff adjustment and notified pending
base tariff increases. It is expected that these structural adjustments will lead to higher sector sustainability in the years to come.
29
HR-Age Segregation Staffing
6755
14619
417
1390
68,549
82,141
127509
Circular Debt continued to accumulate, though at much a lower ISLAMABAD ELECTRICITY SUPPLY
rate in FY2019. Government instituted key reforms, including COMPANY
preparation of a comprehensive circular debt management
plan, which envisaged to address key bottlenecks in
NTDC, under the request filed by IESCO rehabilitated the 500 kV
operations, finance, subsidies and tariff. Also, during this year, station at Rawat and 220 kV grid station at Tarbella-Burhan to
the power sector regulator (NEPRA) issued 1,152 Generation facilitate the uninterrupted power supply to consumers during
Licenses for Conventional Power Plants, Renewable Energy the summer season in 2019. This involved re-conducting from
Projects, Hydropower Projects, and Net Metering. One of the single rail to twin bundled cables and the addition of 750 MVA
major developments in Power sector was NEPRA Amendment T/F at the grid stations. Similarly, the T&D losses of IESCO
decreased from 9.13 percent to 8.86 percent during FY 2019. In
Act 2018. This Act envisaged a competitive power market
addition, the percentage of overloaded power transformers
creating retail and wholesale markets, further bifurcating the
decreased from 6.45 percent to 3.11 percent.
distribution and supply of power businesses. All distribution
companies are now required by the Authority to file multiyear
Moreover, IESCO committed to providing leadership in
tariff petitions so that there is an increased level of
sustainable development and incorporating sustainability
predictability and stability in the market, which is vital for principles and identifying alternative and sustainable courses of
improving the flow of investment to ensure the power sector action to minimize its environmental impact.
growth.
CENTRL POWER PURCHASING AUTHORITY
During FY 2019, CPPA Worked with international consultants to develop a competitive market model. This model would enable
competition in the market that is expected essentially to provide choice of suppliers of electricity and to bring the overall cost of
electricity down to affordable levels for the consumers. Different market models are followed successfully in different countries and
CPPA is currently in the works of developing a model that could be implemented in Pakistan successfully.
Moreover, CPPA also requested NEPRA to increase its revenue for FY 2019 by 8.9 percent more than the budgeted amount last year.
This translated into an increase of Rs. 2.3812/ kWh per month. The estimated revenue requirement of Rs. 960.55 million, which was
requested by CPPA was divided into sub-heads as general establishment cost of Rs. 654.80 million, administrative cost of Rs. 133.86
million, repair and maintenance charges at Rs. 31.49 million and capital expenditure of Rs. 138.90 million for FY 2019.
30
Sector Snapshot – Power
31
List of Entities – Power
POWER
DISCOs
Faisalabad Electric Supply Company Limited 53
Hyderabad Electric Supply Company Limited 54
Quetta Electric Supply Company Limited 55
Tribal Electric Supply Company Limited 56
Peshawar Electric Supply Company Limited 57
Lahore Electric Supply Company Limited 58
Islamabad Electric Supply Company Limited 59
Gujranwala Electric Power Company Limited 60
Multan Electric Power Company Limited 61
Sukkur Electric Power Company Limited 62
GENCOs
GENCO-I: Jamshoro Power Company Limited 63
GENCO-II: Central Power Generation Company Limited, Thermal Power Station, Guddo 64
GENCO-III: Northern Power Generation Company Limited, Thermal Power Station, 65
Muzaffargarh
GENCO-IV: Lakhra Power Generation Company Limited 66
Lakhra Coal Development Company Limited 67
National Power Parks Management 68
Water and Power Development Authority 69
- Neelum Jhelum Hydro Power Company
- Power Information Technology Company
Transmission
National Transmission and Despatch Company 70
Management
Central Power Purchase Agency (Guarantee) Limited 71
Pakistan Electric Power Company (Private) Limited 72
Power Holding (Private) Limited 73
32
YEAR IN REVIEW
Industrial Estate
Development
This category has no sub-sector and includes all SOEs in Real Estate
Sector. No new SOE is added to this sector in current Financial Year.
(500)
33
HR Age-Seggregation Staffing 0
167 155
0
402
954
632
34
Sector Snapshot – Industrial Estate Development
Note: Except for Total Number of SOEs, Total Number of Board of Directors (BoDs) and Total Employees, all other numbers
are in Rs. Million.
35
List of Entities –Industrial Estate Development
INDUSTRIAL ESTATE DEVELOPMENT
Export Processing Zones Authority 74
National Construction Limited 75
Pakistan Expo Centers (Pvt) Ltd 76
Pakistan Textile City 77
36
YEAR IN REVIEW
The net losses decreased by 62 percent amounting to Rs. 1.7 billion as compared from Rs. 4.5 billion last year. The sector primarily
operates through entities that serve socio-economic interest of the GoP, such as management and provision of essential food
commodities. The sector was able to earn revenues of Rs. 62.8 billion during FY 2018-19. The highest performance in this sector is
depicted by Pakistan Agricultural Storage & Services Corporation Limited (PASSCO), and Trading Corporation of Pakistan showing
net profit of Rs. 1.6 billion and Rs. 1.1 billion, respectively.
37
HR Age-Seggregation Staffng
50
3518 991
5,060
16
9,451
9936
38
Sector Snapshot – Trading and Marketing
Note: Except for Total Number of SOEs, Total Number of Board of Directors (BoDs) and Total Employees, all other numbers
are in Rs. Million.
39
List of Entities – Trading & Marketing
TRADING & MARKETING
Trading
Trading Corporation of Pakistan (Private) Limited 78
Utility Stores Corporation (Private) Limited 79
Agricultural Storage
Pakistan Agricultural Storage & Services Corporation Limited 80
Chemicals
National Fertilizer Corporation of Pakistan (Private) Limited 81
- National Fertilizer Marketing Limited
- NFC Institute of Engineering and Fertilizer Research (Private) Limited, Faisalabad
40
YEAR IN REVIEW
Miscellaneous
This category includes all remaining commercial SOEs. This sector
includes 3 sub-sectors: Media and Entertainment, Promotion &
Advocacy, and Other Services.
This sector showed a considerable performance improvement in current financial year by turning losses of Rs. 1.7 billion in FY 2018
into a profit of Rs. 46 Million in current financial year. Overall net revenue of this sector increased by 20 percent to reach Rs. 13.1
billion mark.
Media Entertainment Other Services Promotion & Advocacy Media Entertainment Other Services Promotion & Advocacy
41
HR-Age Segregation Stafffng
277
479 621
3566 2328
4963
4824
SMALL AND MEDIUM ENTERPRISE
PAKISTAN TELEVISION CORPORATION
DEVELOPMENT AUTHORITY
PTVC is a government owned broadcasting company that During FY 2019, 16 business plans were developed to help
consists of PTV Home, PTV Sports, PTV News, PTV Global, guide the customer and the firm to better analyze the needs
and PTV National. PTVC showed improved performance this and provide capital by referring to the pre-developed
year by turning over net profit of Rs. 1.2 billion. Although the business plans and provide better assistance to the customer
net revenue generated from the company under current year who wishes to invest in the specified sectors. In addition,
stands at around Rs. 11.1 billion, the operating expenses also SMEDA facilitated Rs. 648 million in investments, with the
reach up to Rs. 10.9 billion. The government is continually largest portion attributing to KPK, almost amounting to Rs.
emphasizing the organization in working out solutions to cut 307.90 million.
expenses and turn revenues into profits.
42
Sector Snapshot – Miscellaneous
Note: Except for Total Number of SOEs, Total Number of Board of Directors (BoDs) and Total Employees, all other numbers
are in Rs. Million.
43
List of Entities – Miscellaneous
MISCELLANEOUS
Media & Entertainment
Pakistan Broadcasting Corporation 82
Pakistan Television Corporation Limited 83
- Shalimar Recording & Broadcasting Corporation
Other Services
Overseas Employment Corporation (Private) Limited 84
Pakistan Revenue Automation (Private) Limited 85
Promotion and Advocacy
Small and Medium Enterprise Development Authority 86
Pakistan Tourism Development Corporation 87
- Pakistan Tours (Private) Limited
- PTDC Motels North (Private) Limited
- PTDC-Associated Hotels of Pakistan Limited
44
ANNUAL GOP SUPPORT
The Government of Pakistan provides support to SOEs in four ways, through (i) equity injection (ii) loans – both domestic
cash development loans and foreign loans, (iii) subsidies (iv) guarantees and (v) grants. The details of the GOP support
provided to commercial SOEs under all these components are summarized as below:
Table 1: Foreign Loans Disbursed During the Year
45
ANNUAL GoP SUPPORT
46
ANNEXURES
GOP Shareholding
Human Resource Strength
Board of Directors
Dividend Received by GOP
Government Support provided to SOEs
Audit information (newly added for FY2018/19 reporting)
Board meetings (newly added for FY2018/19 reporting)
FINANCIALS
Balance Sheet Income Statement Key Ratios
Total Assets Net Sales/Revenue/Income Net profit margin
Current Assets: Cost of Sales Return on Assets
- Cash & Bank Balances Gross Profit Return on Equity
- Trade Debts Other Expenses Debt to Equity
Operating Profit Current Ratio
- Stock in Trade Net Profit/(Loss) Asset Turnover
Fixed Asset Turnover
Non-Current Assets:
Interest Cover
- Fixed Assets
Total Liabilities
Current Liabilities
- Short Term Borrowings
- Trade and other Payables
47
ANNEXURES
Non-Current Liabilities
- Long term Loans
Total Equity
- Share Capital
- Accumulated Profit/(Loss)
- Revaluation Surplus/deficit
This report has been prepared based on information available at the end of FY 2018-19. Efforts were made to collect
data through line ministries and directly from SOEs to ensure data integrity. The table below highlights the assumptions
and information status underlying the preparation of the report.
48
ANNEXURES
49
ANNEXURES
50
ANNEXURES
51
ANNEXURES
52
ANNEXURES
SME Bank 2
- SME Leasing Limited
53
ANNEXURES
Communication
National Telecommunication Corporation 28
Pakistan Post Office 29
Pakistan Telecommunications Company Limited 30
MANUFACTURING, MINING & ENGINEERING
Metals and Mining
State Engineering Corporation (Private) Limited 31
- Heavy Electrical Complex (Private) Limited
- ENAR Petrotech Services (Private) Limited
- Pakistan Machine Tool Factory (Private) Limited
- Pakistan Engineering Company Limited
Engineering Consultancy
Pakistan Environmental Planning & Architectural Consultants (Private) Limited 40
National Engineering Services Pakistan (Private) Limited 41
- NESPAK and Partners LLC, Muscat, Oman
- Mohammad Hisham Aitah-NESPAK, Riyadh, Saudi Arabia
- NESPAK Limited - Doha, Qatar
55
ANNEXURES
Refineries
Pak Arab Refinery Company 48
State Petroleum Refining & Petrochemical Corporation 49
Marketing & Distribution
Sui Southern Gas Company Limited 50
- SSGC LPG (Private) Limited
56
ANNEXURES
MISCELLANEOUS
Media Entertainment
Pakistan Broadcasting Corporation 82
Pakistan Television Corporation Limited 83
- Shalimar Recording & Broadcasting Corporation
57
ANNEXURES
Other Services
Overseas Employment Corporation (Private) Limited 84
Pakistan Revenue Automation (Private) Limited 85
Promotion and Advocacy
Small and Medium Enterprise Development Authority 86
Pakistan Tourism Development Corporation 87
- Pakistan Tours (Private) Limited
- PTDC Motels North (Private) Limited
- PTDC-Associated Hotels of Pakistan Limited
58
Federal Footprint - State Owned Enterprises Annual Report 2018-19
1 Zarai Taraqiati Bank Limited
Company Information ZTBL
Sector Sub-Sector Year of Incorporation Entity Type
Financial Banks 2002 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees 54,500 54 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr.Muhammad Shahbaz Jameel Executive CEO 11-Nov-19
2 Mr.Mohammad Tanvir Butt Non-Executive Director 27-Oct-15
3 Mr.Afaq Ahmad Tiwana * Independent Director 6-Jun-18
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
2 SME Bank
Company Information SME
Sector Sub-Sector Year of Incorporation Entity Type
Financial Banks 2002 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Dilsha Ali Ahmed Executive Chairman 16-Oct-18
2 Mr. Muhammad Arshad Khan Non-Executive Member 31-Aug-18
3 Mr. Sher Ayub Khan Non-Executive Member 10-Jan-18
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
3 Industrial Development Bank Limited
Company Information IDBL
Sector Sub-Sector Year of Incorporation Entity Type
Financial Banks 2012 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - 250 -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 6,825 11,908 74%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Jamal Nasim Executive Chairman 29-Apr-17
2 Mr. Suhbat Ali Talpur Non-Executive Member 29-Apr-17
3 Sheikh Pervez Hanif Independent Member 29-Apr-17
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
4 National Bank of Pakistan
Company Information NBP
Sector Sub-Sector Year of Incorporation Entity Type
Financial Banks 1949 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Zubyr Soomro Executive Chairman 17-Apr-19
2 Mr. Arif Usmani Executive CEO 12-Feb-19
3 Mr. Muhammad Naeem Independent Director 9-Mar-17
4 Mr. Farid Malik Independent Director 15-May-17
5 Mr. Muhammad Sohail Rajput Non-Executive Director 17-Apr-19
6 Mr. Tawfiq A. Hussain Independent Director 17-Apr-19
7 Ms. Sadaffe Abid Independent Director 17-Apr-19
8 Mr. Zafar Masud Independent Director 17-Apr-19
9 Mr. Imam Bakhsh Baloch Independent Director 17-Apr-19
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
5 First Women Bank Limited
Company Information FWBL
Sector Sub-Sector Year of Incorporation Entity Type
Financial Banks 1989 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Ms. Naushaba Shahzad Executive Chairman 15-Oct-18
2 Ms. Tahira Reza Executive Chairman 14-Apr-17
3 Mr. Ghulam Kazim Hussain Independent Member 7-Jan-16
4 Ms. Rukhsana Shah Independent Member 7-Jan-16
5 Ms. Huma Baqai Independent Member 7-Jan-16
6 Ms. Sumaira Aslam Khan Non-Executive Member 7-Jan-17
7 Ms. Sumbal Munir Non-Executive Member 7-Jan-17
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
6 House Building Finance Company Limited
Company Information HBFC
Sector Sub-Sector Year of Incorporation Entity Type
Financial NBFIs 2006 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees 11,200 11 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Mansur Rahman Khan Independent Chairman 4-Jan-18
2 Mr. Azhar Iqbal Qureshi Independent Chairman 27-Nov-17
3 Mr. Arifa Waheed Malik Independent Chairman 27-Nov-17
4 Mr. Ali Mehdi Independent Chairman 27-Nov-17
5 Mr. Munir Ahmed Non-Executive Chairman 28-Mar-16
6 Mr. Syed Basit Ali Executive Chairman 31-Oct-17
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
7 Exim Bank of Pakistan Limited
Company Information EBPL
Sector Sub-Sector Year of Incorporation Entity Type
Financial NBFIs 2015 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2 Mr. Akbar Sharifzada, AFS Executive Chairman 24-Aug-16
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
8 National Investment Trust Limited
Company Information NIT
Sector Sub-Sector Year of Incorporation Entity Type
Financial NBFIs 1962 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 432 53 -88%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Adnan Afridi Executive Managing Director 11-Feb-19
2 Mian Nusrat-ud-Din Non-Executive Member 23-Jun-17
3 Mr. Jamal Nasim Non-Executive Member 23-Jun-17
4 Mr. Iqbal Adamjee Non-Executive Member 23-Jun-17
5 Mr. Ahmad Aqeel Non-Executive Member 23-Jun-17
6 Mr. Amir Mohyuddin Non-Executive Member 27-Feb-18
7 Mr. Khalid Mohsin Shaikh Non-Executive Member 7-Sep-16
8 Mr. Saeed Iqbal Non-Executive Member 26-Oct-17
9 Mr. Shakeel Ahmed Mangnejo Non-Executive Member 26-Oct-17
10 Mr. Arif Usman Non-Executive Member 23-Apr-19
11 Mr. Nauman Zafar Non-Executive Member 25-Sep-19
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
9 Pak China Investment Company Limited
Company Information PCIC
Sector Sub-Sector Year of Incorporation Entity Type
Financial DFIs 2007 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Wang Baojun Executive CEO 22-May-18
2 Arif Ahmed khan Non-Executive Chairman 15-Jan-18
3 Noor Ahmed Non-Executive Director 13-Dec-18
4 Mr. Shahnawaz Mahmood Executive Director 6-Jan-14
5 Ms. Wang li Non-Executive Director 27-Jun-18
6 Ms. Deng Shuang Non-Executive Director 26-Feb-17
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
10 Pak Iran Investment Company
Company Information PAIR
Sector Sub-Sector Year of Incorporation Entity Type
Financial DFIs 2007 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 50 - -100%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Vacant 0 Chairman -
2 Mr. Amer Mehmood Hussain Non-Executive Director 1-Feb-12
3 Mr. Zahoor Ahmed Non-Executive Director 25-Jul-16
4 Mr. Hamid Iftekhari Executive Managing Director 4-Jul-17
5 Mr. Ghomreja Khalil Arjmandi Non-Executive Director 13-Aug-18
6 Mr. Hamidreza Raufi Non-Executive Director 21-Oct-19
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
11 Pak Libya Holding Company (Private) Limited
Company Information PLHC
Sector Sub-Sector Year of Incorporation Entity Type
Financial DFIs 1978 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Bashir B. Omer Non-Executive Chairman 10-Aug-07
2 Mr. Abdulfatah Ashour Ali Ejayedi Non-Executive Director 18-Jul-18
3 Mr. Khaled Joma Ezarzor Executive Deputy Managing Director &Director 5-Apr-17
4 Dr. Muhammad Tahir Noor Non-Executive Director 20-Feb-18
5 Mr. Abrar Ahmed Mirza Non-Executive Director 22-Mar-19
6 Mr. Khurram Hussain Executive Managing Director/CEO& Director 11-Mar-19
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
12 Pak Oman Investment Company
Company Information POIC
Sector Sub-Sector Year of Incorporation Entity Type
Financial DFIs 2001 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 215 215 0%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 H.E Yahya Bin Said Bin Abdullah Al-Jabri Non-Executive Chairman 1-Aug-01
2 Mr. Haitham Yousuf Juma Al Zadjali Non-Executive Director 8-Mar-18
3 H.H. Juland Jaifar Salim Al Said Non-Executive Director 28-Dec-18
4 Mr. Zubair Motiwala Non-Executive Director 27-Oct-07
5 Mr. Omar Hamid Khan Non-Executive Director 19-Apr-19
6 Mr. Bahauddin Khan Executive Director/CEO 1-Oct-15
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
13 Pak Kuwait Investment Company (Private) Limited
Company Information PKIC
Sector Sub-Sector Year of Incorporation Entity Type
Financial DFIs 1979 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Abdullah Abdulwahab Al-Ramadhan Non-Executive Chairman 12-May-12
2 Mr. Mubashar Maqbool Executive Managing Director / Chief Executive Officer 12-Mar-19
3 Mr. Rana Assad Amin Non-Executive Director 24-Aug-17
4 Mr. Faisal Adnan Al-Hunaif Non-Executive Director 3-Jul-15
5 Mr. Naveed Alauddin Non-Executive Director 12-Feb-12
6 Mr. Abdullah Salah A. Al-Sayer Non-Executive Director 23-May-18
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
14 Pak Brunei Investment Company
Company Information PBIC
Sector Sub-Sector Year of Incorporation Entity Type
Financial DFIs 2006 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 150 150 0%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Sofian Mohammad Jani Non-Executive Chairman 25-Sep-14
2 Mr. Arif Ahmed Khan Non-Executive
Chairman, Audit Committee and Credit and Risk Management Committee 22-Apr-19
3 Mr. Edzwan Zukri Adanan Non-Executive Chairman, HR Committee 30-May-17
4 Ms. Ayesha Aziz Executive CEO/MD 27-Mar-19
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
15 Saudi Pak Industrial and Agricultural Investment Company Limited
Company Information SPIAICL
Sector Sub-Sector Year of Incorporation Entity Type
Financial DFIs 1981 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr Sultan M. Hasan Abdulrauf Non-Executive Chairman 1-Jul-19
2 Mr. Zafar Hasan Non-Executive Deputy Chairman 21-Mar-19
3 Mr. Rayyan M. H. Nagadi Non-Executive Dircetor 1-Jul-19
4 Mr. Mohammad Tanvir Butt Non-Executive Dircetor 20-Mar-19
5 Mr. Majid Misfer J. Alghamdi Non-Executive Dircetor 1-Jul-19
6 Mr. Qumar Sarwar Abbasi Non-Executive Dircetor 21-Mar-19
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
16 State Life Insurance Corporation
Company Information SLIC
Sector Sub-Sector Year of Incorporation Entity Type
Financial Insurance 1972 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 1,214 550 -55%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Muhammad Younus Dhaga Executive Chairman 27-Nov-18
2 Mr. Muhammad Bashir Khan Executive Director 1-Jun-18
3 Mr. Iftikhar Ul Hassan Executive Director 1-Jun-18
4 Mr. Ghaisuddin Ahmed Independent Director 1-Jun-18
5 Mr. Qadir Memon Independent Director 1-Jun-18
6 Mr. Ali Mubashir Kazmi Independent Director 1-Jun-18
7 Mr. Saeedullah Khan Niazi Executive Director 16-Dec-19
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
17 National Insurance Company Limited
Company Information NICL
Sector Sub-Sector Year of Incorporation Entity Type
Financial Insurance 2000 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 1,500 410 -73%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 AASIM AZIM SIDDIQUI Independent CHAIRMAN 31-May-18
2 SHAFQAAT AHMED Independent DIRECTOR 31-May-18
3 SYED RAFEO BASHIR SHAH Executive DIRECTOR & ACTING CEO 1-Jun-20
4 DR. RASHID MANZOOR Non-Executive DIRECTOR 31-May-18
5 MANZOOR ALI SHAIKH Non-Executive DIRECTOR 4-Feb-19
6 TARIQ JAMIL Independent DIRECTOR 29-Nov-19
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
18 Pakistan Reinsurance Company Limited
Company Information PRCL
Sector Sub-Sector Year of Incorporation Entity Type
Financial Insurance 1952 (2000) PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 471 269 -43%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Abdul Sami Kehar Independent Chairman 16-Mar-17
2 Mr. Mumtaz Ali Rajper Non-Executive Director 16-Mar-17
3 Mr. Muslah ud din Non-Executive Director 16-Mar-17
4 Mrs. Maria Kazi Non-Executive Director 30-Dec-19
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
19 Karachi Port Trust
Company Information KPT
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Ports & Shipping 1886 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 598 10 -98%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 12,922 52,901 309%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Rear Admiral Jamil Akhtar Executive Chairman 23-Nov-17
2 Mr. Siraj Kassam Teli Executive Vice Chariman 11-Dec-18
3 Vice Admiral Zahid Illyas Executive Trustee 30-Dec-19
4 Mr. Yarwar Babat Executive Trustee 11-Dec-18
5 Mr. Wasim Akhtar Executive Trustee 11-Dec-18
6 Mr. Mahmood Baqi Moulvi Independent Trustee 11-Dec-18
7 Mr. Khawaja Tahir Mahmood Independent Trustee 11-Dec-18
8 Mr. Babar Bashir Nawaz Non-Executive Trustee 11-Dec-18
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
20 Pakistan National Shipping Corporation
Company Information PNSC
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Ports & Shipping 1979 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Listed Public Limited Shipping including charter of vessels, transportation of cargo, Real
M/o Ports & Shipping
Company Estate Business
Dividends
Dividend Declared - - -
Dividend Received by GOP 229 173 -25%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Rizwan Ahmed Non-Executive Chairman 4-Dec-17
2 Dr. Sohail Rajput Non-Executive Director 6-Jul-19
3 Mr. Kamran Farooq Non-Executive Director 31-May-18
4 Mr. Ali Syed Non-Executive Director 31-May-18
5 Mr. Muhammad Ali Non-Executive Director 31-May-18
6 Mr. Khowaja Obaid Imran Non-Executive Director 28-Oct-19
7 Capt. Anwar Shah Non-Executive Director 28-Oct-19
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
21 Port Qasim Authority
Company Information PQA
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Ports & Shipping 1973 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Provides shore based facilities and services of adequate water
M/o Ports & Shipping Federal Authority depth in the channel, berths/terminals, cargo handling equipment,
godowns, storage areas and facilities for safe transit of vessels
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
22 Gawadar Port Authority
Company Information GPA
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Ports & Shipping 2002 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
M/o Ports & Shipping Federal Authority Port related services at Gawadar Port
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Chairman GPA 0 Chairman 24-Jun-05
2 DG (P&S) 0 Member 24-Jun-05
3 JS 0 Member 24-Jun-05
4 AS III 0 Member 24-Jun-05
5 DG 0 Member 24-Jun-05
6 GM 0 Member 24-Jun-05
7 ACS 0 Member 24-Jun-05
8 JS 0 Member 24-Jun-05
9 AS-I 0 Member 24-Jun-05
10 Chairman 0 Member 24-Jun-05
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
23 Pakistan Railways
Company Information PR
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Railways 1861 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies 38,400 37,000 -4%
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 11,488 9,404 -18%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
24 Karachi Urban Transport Corporation
Company Information KUTC
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Roads & Highways 2008 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited
M/o Railways Provide transport facilities in the city of Karachi
Company
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
25 National Highway Authority
Company Information NHA
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Roads & Highways 1991 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Construction, development, operations and repair and maintenance
M/o Communication Federal Authority of national highways and strategic roads entrusted by the Federal
and Provincial Governments
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 64,957 154,518 138%
7 Domestic Loans 195,575 75,580 -61%
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 752,601 945,600 26%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Capt (Retd) Sikander Qayyum Executive Chairman 19-Jun-19
2 Mr. Allah Dino Khowaja Executive Member 0-Jan-00
3 Mr. Muhammad Tanvir Butt Executive Member 0-Jan-00
4 Mr. Altaf Asghar Executive Member 0-Jan-00
5 Mr. Hameed Akhtar Executive Member 0-Jan-00
6 Dr. Tahir Mahmood Hayat Executive Member 0-Jan-00
7 Mr. Malik Ahmad Khan Executive Member 0-Jan-00
8 Mr. Muhammad Nasir Ali Executive Member 0-Jan-00
9 Mr. Muhammad Naveed Iqbal Executive Member 0-Jan-00
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
26 Karachi Infrastructure Development Company Limited
Company Information KIDCL
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Roads & Highways 2015 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited
M/o Communication Infrastructure Development Services
Company
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
27 Pakistan International Airlines Corporation
Company Information PIA
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport & 2015 (incorporated under
Aviation PSC - Commercial
ITC Special Enactment in
Administrative Ministry Incorporation Structure Nature of Business
Provides commercial air transportation, which includes passenger,
Listed Public Limited
Aviation Division cargo and postal carriage services. Other activities include provision
Company
of engineering and allied services
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - 17,864 -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection 36,000 70 -100%
Outstanding -
10 Loans 13,719 15,067 10%
13 Guarantees 156,277 212 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Atif Aslam Bajwa Independent Director 7-Jun-17
2 Mr. Navaid Hasib Malik Independent Director 7-Jun-17
3 Mr. Tariq Kirmani Independent Director 7-Jun-17
4 Mr. Farrukh Hussain Independent Director 7-Jun-17
5 Mr. Muhammad Ali Tabba Independent Director 7-Jun-17
6 Mr. Haque Nawaz Independent Director 20-Nov-17
7 Air Marshal Arshad Mahmood Malik Executive CEO 20-Oct-18
8 Mr. Naveed Kamran Baloch Non-Executive Director 24-May-19
9 Mr. Hassan Nasir Jami Non-Executive Director 2-Dec-19
10 Dr. Syed Pervaiz Abbas Non-Executive Director 2-Dec-19
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
28 National Telecommunication Corporation
Company Information NTC
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Communication 1996 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
M/o Information
Unlisted Public Limited
Technology & IT and Telecommunication Services to Government
Company
Telecommunication
Top Shareholders Human Resources
Government of Pakistan 100% Executives 7
- 0% Non-Executives 2,208
Others 0% Total 2,215
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Shohaib Ahmad Siddiqi Non-Executive Chairman 20-Jul-19
2 Mr. Ahmed Mujtaba Memon Non-Executive Member 20-Jul-19
3 Mr. Sabahat Ali Shah Non-Executive Member 20-Jul-19
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
29 Pakistan Post Office
Company Information PPO
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Communication 1947 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Akhlaque Rana Executive Chairman 2-Sep-19
2 Mr. Arshad Ali Khan Executive Member 7-May-18
3 Mr. Ejaz Ahmed Minhas Executive Member 22-Nov-18
4 Mr. Irfan Anwar Baloch Executive Member 3-Nov-18
5 Mr. Hafiz Sher Ali Executive Member 10-Oct-19
6 Mr. Jabran Khalil Executive Member 3-Oct-18
7 Private Members Executive Member 13-Mar-19
8 Private Members Executive Member 13-Mar-19
9 Private Members Executive Member 13-Mar-19
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
30 Pakistan Telecommunication Company Limited
Company Information PTCL
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Communication 1995 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
M/o Information
Listed Public Limited Largest Telecommunications business in Pakistan providing
Technology &
Company landline, wireless and other products across Pakistan
Telecommunication
Top Shareholders Human Resources
Government of Pakistan 62% Executives 21
Etisalat 26% Non-Executives 17,979
Others 12% Total 18,000
Dividends
Dividend Declared - - -
Dividend Received by GOP - 4,757 -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Shohaib Ahmad Siddiqi Non-Executive Chairman -
2 Mr. Abdul Rahim Nooryani Non-Executive Director -
3 Mr. Naveed Kamran Baloch Non-Executive Director -
4 Mr. Rizwan Malik Non-Executive Director -
5 Mr. Hateem Dowidar Non-Executive Director -
6 Syed Sabhat Ali Shah Non-Executive Director -
7 Mr. Sekran Okandran Non-Executive Director -
8 Mr. Hashim Ali Qasmi Non-Executive Director -
9 Mr. Khalifa Shamsi Non-Executive Director -
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
31 State Engineering Corporation (Private) Limited
Company Information SEC
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1973 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
M/o Industries and
Private Limited Company Managing investment in subsidiary companies
Production
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans 38 20 -48%
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 23 36 58%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 C.E.O SEC, Isla,abad (Vacant) 0 - 8-Jul-18
2 Dr. Nawaz Ahmed Non-Executive Director 30-Sep-19
3 Ms. Saira Imdad Ali Non-Executive Director 29-Jul-19
4 CEO, EDB Non-Executive CEO 23-Jul-14
5 Mr. Abdul Muneem Khan Non-Executive Director 23-Jul-14
6 Maj. Gen Zaheer Ahmed khan Independent Chairman 23-Jul-14
7 Mr. Imtiaz Ur Raheem Independent Director 23-Jul-14
8 Mr. Saleem Rajput Independent Director 23-Jul-14
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
32 Heavy Mechanical Complex (Private) Limited
Company Information HMCL
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1975 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
M/o Industries and Manufacturers of Cement, Sugar, Boilers and Power Plants, Road
Private Limited Company
Production Rollers, Cranes, Heavy casting and forging
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans 300 - -100%
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 68 102 51%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr.Muhammad Naeem Non-Executive CHAIRMAN 8-Nov-16
2 AslamUmer Non-Executive MEMBER 7-Sep-18
3 Muhammad Saeed ur Rehman Non-Executive MEMBER 7-Sep-18
4 Mr. Muhammad Ajmal Gondal Non-Executive MEMBER 8-Jan-19
5 Mr. Abid Mumtaz Malik Non-Executive MEMBER 26-Sep-17
6 Mr. Tariq Javed Non-Executive MEMBER 31-Jul-19
7 Dr. Sajid Raza Chaudhry Non-Executive MEMBER 11-Jun-19
8 Mr. Abdul Qayyum Non-Executive MEMBER 13-Sep-17
9 Mr. Ansar Hussain Shamsi Non-Executive MEMBER 8-Nov-16
10 Mr.Jahanzeb Khan Non-Executive MEMBER 19-Sep-17
11 Mr. Azam Hanif Zuberi Non-Executive MEMBER 8-Nov-16
12 Engr. Zaheer Shah Executive MANAGING DIRECTOR 1-Jan-19
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
33 Karachi Shipyard and Engineering Works Limited
Company Information KSY&EWL
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1957 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited
M/o Defence Production Ship-building, Ship repairs and heavy general engineering
Company
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Admiral Zafar Mehmood Abbasi Executive Chairman 7-Oct-17
2 Rear Admiral Azhar Saleem Non-Executive Managing Director 31-May-18
3 Rear Admiral Adnan Khaliq Executive Director 26-Nov-18
4 Rear Admiral Ahmed Fauzan Non-Executive Director 3-Oct-19
5 Maj General Akif Non-Executive Director 28-May-19
6 Brigadier Muhammad Shafi Non-Executive Director 26-Apr-18
7 Mr. Ali Hussain Malik Non-Executive Director 31-Jul-19
8 Syed Munsif Reza Independent Director 15-Nov-07
9 Mr. Naveed A Khan Independent Director 15-Nov-07
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
34 Telephone Industries of Pakistan
Company Information TIP
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1953 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
M/o Information
Technology & Private Limited Company Manufacturing of telecommunication and allied equipment
Telecommunication
Top Shareholders Human Resources
Government of Pakistan 100% Executives 43
- 0% Non-Executives 141
Others 0% Total 184
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees 1,100 -
Board of Directors
Name Board Position Position Type Appointment Date
1 Federal Minister Non-Executive Chairman 28-Aug-18
2 Secretary MOITT Non-Executive Member 15-Jul-19
3 MD TIP Non-Executive Member 9-May-18
4 Joint Secretary Privatization Division Non-Executive Member 22-May-19
5 Deputy Secretary (CFIII) MOF Non-Executive Member 17-Jan-18
6 Member (Telecom) MOITT Non-Executive Member -
7 MEMBER (Legal) MOITT Non-Executive Member -
8 Joint Secretary (Development) MOITT Non-Executive Member -
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
35 Pakistan Steel Mills Corporation (Private) Limited
Company Information PSM
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1968 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Deals in manufacturing, preparing and production of iron steel and
M/o Industries and metals of all kinds, descriptions, shapes and dimensions and
Private Limited Company
Production whether ferrous or non-ferrous and all products and by-products
thereof
Top Shareholders Human Resources
Government of Pakistan 100% Executives 10
- 0% Non-Executives 9,456
Others 0% Total 9,466
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans 4,560 6,515 43%
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 16,398 20,890 27%
13 Guarantees 40,800 41 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Aamir Mumtaz Independent Chairman 5-Sep-19
2 Capt. (R) Sher Alam Mahsud Non-Executive CEO / Member 25-Jul-19
3 Dr. Imran Ullah Khan Non-Executive Member 30-Oct-18
4 Mr. Iftekhar Hussain Naqvi Non-Executive Member 13-Sep-19
5 Mr. Munir K. Bana Independent Member 6-Mar-17
6 Mr. Aamir A. Allawala Independent Member 6-Mar-17
7 Mr. Asif Jabbar Khan Independent Member 6-Mar-17
8 Sheikh Muhammad Asif Independent Member 6-Mar-17
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
36 Peoples Steel Mills Limited
Company Information PSML
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1975 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
M/o Industries and Unlisted Public Limited
Steel Manufacturing
Production Company
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
37 Saindak Metals Limited
Company Information SML
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1974 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited
M/o Energy Metals mining
Company
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Muhammad Raziq Sanjrani Executive Director / CEO 27-Oct-08
2 Syed Tauqir Hussain Non-Executive Director 8-Apr-15
3 Mr. Muhammad Iqbal Non-Executive Director 11-Apr-17
4 Mr. Sajid Mehmood Qazi Non-Executive Director 1-Mar-19
5 Mr. Zahid Saleem Non-Executive Director 24-Oct-18
6 Mr. Abdul Rehman Buzdar Non-Executive Director 16-Apr-19
7 Dr. Tanveer Ahmed Qureshi Non-Executive Director 6-Nov-18
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
38 Pakistan Mineral Development Corporation (Private) Limited
Company Information PMDC
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1974 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Mining, exploration, development, exploitation and marketing of
M/o Energy Private Limited Company
mineral deposits e.g. salt, coal, silica sand and gypsum
Dividends
Dividend Declared - - -
Dividend Received by GOP 120 88 -27%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Shams-ud-Din Ahmed Shaikh Non-Executive Director/ Chairman BoDs 5-Apr-19
2 Mr. Muhammad Daud Non-Executive Director 5-Apr-19
3 Mr. Sajid Mehood Qazi, Joint Secretary (Admin) Ministry ofExecutive
Energy (Petroleum Division) CEO/ Managing Director 5-Apr-19
4 Mr. Irshad Ali Khokhar Independent Director 5-Apr-19
5 Ms. ShahnazAkhtar Non-Executive Director 22-Jul-19
6 Ms. Huma Ejaz Zaman Non-Executive Director 5-Apr-19
7 Muhammad Iqbal Independent Director 5-Apr-19
8 Mr. Ijaz Ali Khan Independent Director 5-Apr-19
9 Syed Tauqir Hussain Independent Director 5-Apr-19
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
39 Pakistan Industrial Development Corporation (Private) Limited
Company Information PIDC
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Metals and Mining 1985 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
To promote economic & industrial development in collaboration
M/o Industries and
Private Limited Company with Public & Private sectors; and To facilitate in the establishment
Production
of a conducive environment for industrial growth
Dividends
Dividend Declared - - -
Dividend Received by GOP 20 50 150%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Muhammad Ishaq Butt Non-Executive Chairman 26-Jun-14
2 Mr. Abdul Jabbar Shaheen Non-Executive Director 4-Oct-18
3 Mr. Rizwan Ahmed Bhatti Executive CEO 9-Aug-19
4 Mr. Sher Ayub Khan Executive Director 20-May-16
5 Dr. Imran Ullah Khan Executive Director 16-Mar-18
6 Mr. Shakeel Ahmed Mangnejo Executive Director 22-Jan-18
7 Mr. Ghulam Sarwar Khan Independent Director 26-Jun-14
8 Prince Muhammad Isa Jan Independent Director 26-Jun-14
9 Mr. Sheikh Lutuf Ur Rahman Independent Director 26-Jun-14
10 Ms. Bushara Naz Malik Non-Executive Director 31-May-16
11 Mr. Muhammad Ali Independent Director 31-May-16
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
40 Pakistan Environmental Planning & Architectural Consultants (Private) Limited
Company Information PEPAC
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Engineering Consultancy 1974 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Providing Architectural, Environmental planning, feasibility studies
M/o Climate Change Private Limited Company
and Engineering services
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Secretary Ministry of Climate Change Executive Chairman 9-May-17
2 AFS-CF, Finance Division Executive Director 9-May-17
3 AS MoPDSI Executive Director 9-May-17
4 Chairman (P&D), Government of Punjab Executive Director 9-May-17
5 Additional Chief Secretary (P&D), Government of Sindh Executive Director 9-May-17
6 Additional Chief Secretary (P&D), Government of KPK Executive Director 9-May-17
7 Additional Chief Secretary (P&D), Government of Baluchistan
Executive Director 9-May-17
8 DG Pak-EPA, M/O Climate Change Executive Director 9-May-17
9 Mr. Najeebur Rahman Khan Executive Managing Director 9-May-17
10 Dr. Ifthikhar Hussain Independent Director 9-May-17
11 Dr. Fazal Ahmed Khalid Independent Director 9-May-17
12 Mr. Sikandar Ajam Independent Director 9-May-17
13 Dr. Zain Ul Abidin Independent Director 9-May-17
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
41 National Engineering Services Pakistan (Private) Limited
Company Information NESPAK
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Engineering Consultancy 1973 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Engaged in providing engineering consultancy services in Pakistan
M/o Energy Private Limited Company
and abroad
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Irfan Ali Non-Executive Chairman 21-Jun-17
2 Dr. Tahir Masood Executive Managing Director 13-Jul-18
3 Mr. Sikandar Qayyum Non-Executive Director 21-Jun-17
4 Mr. Hamed Yaqoob Sheikh Non-Executive Director 21-Jun-17
5 Mr. Muhammad Waseem Non-Executive Director 21-Jun-17
6 Mr. Shakeel Qadir Khan Non-Executive Director 21-Jun-17
7 Mr. Abdul Rehman Buzdar Non-Executive Director 21-Jun-17
8 Dr. Ahmed Mujtaba Memon* Non-Executive Director 21-Jun-17
9 Mr. Waseem Mukhtar Non-Executive Director 21-Jun-17
10 Mr. Naeemuddin Khan Independent Director 21-Jun-17
11 Mr. Muhammad Irfan Akram Independent Director 21-Jun-17
12 Mr. Muhammad Nawaz Kasuri Independent Director 21-Jun-17
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
42 STEDEC Technology Commercialization Corporation of Pakistan (Private) Limited
Company Information STEDEC
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Engineering Consultancy 1987 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Capt. (Retd) Nasim Nawas Non-Executive Chairman 24-Apr-19
2 Mr. Habib Ullah Khan Executive Member 28-Nov-19
3 Mr. Muhammad Javad Ilyas Executive Member 28-Nov-19
4 Mr. Fuad Hashim Rabbani Independent Member 28-Nov-19
5 Mr. Mujeeb Rashid Independent Member 10-Jun-14
6 Dr. Quratulain Syed Executive Member 4-Oct-18
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
43 National Security Printing Company (Formally Pakistan Security Printing Corporation (Private) Limited)
Company Information NPCL
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Printing 1949 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
M/o Finance Private Limited Company Printing of bank note and other security documents
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Dr. Arshad Mahmood Non-Executive Chairman 17-Sep-18
2 Mr. Muhammad Misbah Tunio Executive Managing Director 17-Sep-18
3 Mr. Usman Yousaf Mobin Non-Executive Director 17-Sep-18
4 Mr. Ishrat Ali Non-Executive Director 17-Sep-18
5 Muhammad Akhlaque Rana Non-Executive Director 2-Sep-19
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
44 Printing Corporation of Pakistan (Private) Limited
Company Information PCPL
Sector Sub-Sector Year of Incorporation Entity Type
Manufacturing, Mining &
Printing 1969 PSC - Commercial
Engineering
Administrative Ministry Incorporation Structure Nature of Business
Cabinet Division Private Limited Company Providing printing services to the GoP
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans 1,577 -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - 323 -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Maroof Afzal Non-Executive Chairman 24-May-19
2 Flit Lt (Retd) Muhammad Siddique Sheikh Non-Executive Vice Chariman 14-May-19
3 Mr. Muhammad Asif Khan Non-Executive Member 2-May-19
4 Mr. Muhammad Bilal Independent Member 14-Jun-17
5 Ms. Sumaira K Aslam Independent Member 20-May-15
6 Mr. Khurram Shazad Bilal Independent Member 20-May-15
7 Ms. Shaheen Independent Member 3-Aug-17
8 Director Finance 0 0 -
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
45 Government Holdings (Private) Limited
Company Information GHPL
Sector Sub-Sector Year of Incorporation Entity Type
Exploration &
Oil & Gas 2000 PSC - Commercial
Development
Administrative Ministry Incorporation Structure Nature of Business
M/o Energy Private Limited Company Exploration and Production of Oil & Gas
Dividends
Dividend Declared - - -
Dividend Received by GOP 5,000 5,000 0%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Ms. Ayla Majid Independent Chairperson 28-Jun-18
2 Mian Asad Hayaud Din Non-Executive Director 19-Sep-18
3 Dr. Tanveer Ahmad Qureshi Non-Executive Director 15-Oct-18
4 Mr. Muhammad Anwer Shiekh Non-Executive Member 10-Jan-13
5 Syed Tauqir Hussain Non-Executive Director 7-Feb-13
6 Mr. Shahid Yousaf Non-Executive Director 6-Aug-15
7 Mr. Zahid Nazeer Bhatti Executive Director 26-Sep-18
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
46 Oil and Gas Development Company Limited
Company Information OGDCL
Sector Sub-Sector Year of Incorporation Entity Type
Exploration &
Oil & Gas 1997 PSC - Commercial
Development
Administrative Ministry Incorporation Structure Nature of Business
Listed Public Limited
M/o Energy Exploration and Production of Oil and Gas
Company
Dividends
Dividend Declared - - -
Dividend Received by GOP 30,633 34,582 13%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Qamar Javaid Sharif Non-Executive Chairman Board 8-Apr-19
2 Capt Retd Fazeel Asghar Non-Executive Director 11-Sep-19
3 Mian Asad Hayauddin Non-Executive Director 7-Sep-18
4 Mr. Muhammad Ayub Chaudhry Non-Executive Director 26-Dec-19
5 Mr. Akbar Ayub Khan Independent Director 8-Apr-19
6 Mr. Saeed Ahmed Qureshi Independent Director 8-Apr-19
7 Ms. Sadia Khan Independent Director 8-Apr-19
8 Mr. Nessar Ahmed Independent Director 8-Apr-19
9 Mr. Saud S. Khawaja Independent Director 8-Apr-19
10 Mr. Naveed Kamran Baloch Non-Executive Director 2-Jul-19
11 Dr. Naseem Ahmad Executive CEO 31-Jul-19
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
47 Pakistan Petroleum Limited
Company Information PPL
Sector Sub-Sector Year of Incorporation Entity Type
Exploration &
Oil & Gas 1950 PSC - Commercial
Development
Administrative Ministry Incorporation Structure Nature of Business
Listed Public Limited Exploration, Prospecting, Development and Production of oil and
M/o Energy
Company natural gas resources
Dividends
Dividend Declared - - -
Dividend Received by GOP 13,311 1,997 -85%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Shamsul Islam Independent Chairman 26-Jun-19
2 Mr. Abdul Jabbar Memon Non-Executive Director 26-Jun-19
3 Mr. Abid Sattar Independent Director 26-Jun-19
4 Mr. Mian Imtiaz Uddin Independent Director 26-Jun-19
5 Mr. Balak Sher Mari Independent Director 26-Jun-19
6 Mr. Sajid Mehmood Qazi Non-Executive Director 10-Apr-18
7 Mr. Sheryar Taj Non-Executive Director 10-Apr-18
8 Ms. Tahira Reza Independent Director 26-Jun-19
9 Dr. Tanvir Ahmed Qureshi Non-Executive Director 2-Oct-18
10 Mr. Moin Reza Khan Executive CEO 7-Jan-19
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
48 Pak Arab Refinery Company
Company Information PARCO
Sector Sub-Sector Year of Incorporation Entity Type
Oil & Gas Refineries 1974 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - 7,800 -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees 607 -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Khalifa Al Suwaidi Non-Executive Chairman 25-Oct-18
2 Mr. Tariq Rizawi Non-Executive Vice Chariman 29-Jun-17
3 Mr. Ali Al Daheri Non-Executive Director 12-Sep-11
4 Mr. Arif Ahmed Khan Executive Director 29-Jun-17
5 Mr. Sher Afghan Khan Executive Director 17-May-18
6 Mr. Khalfan al Qemzi Non-Executive Director 17-May-18
7 Mr. Maximillan Grasserbauer Non-Executive Director 13-Jan-19
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
49 State Petroleum Refining & Petrochemical Corporation
Company Information PERAC
Sector Sub-Sector Year of Incorporation Entity Type
Oil & Gas Refineries 0 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
50 Sui Southern Gas Company Limited
Company Information SSGC
Sector Sub-Sector Year of Incorporation Entity Type
Oil & Gas Marketing & Distribution 1955 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 24 24 0%
13 Guarantees - 32 -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
51 Pakistan State Oil Company Limited
Company Information PSO
Sector Sub-Sector Year of Incorporation Entity Type
Oil & Gas Marketing & Distribution 1976 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 1,648 806 -51%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Zafar I Usmani Independent Chairman 21-Feb-19
2 Mr. Syed Jhengir Ali Shah Executive Managing Director 3-Jun-19
3 Mr. Zaid Mir Non-Executive Member 21-Feb-19
4 Mr. Muhammad Anwar Non-Executive Member 21-Feb-19
5 Mr. Sajid Ahmed Qazi Non-Executive Member 21-Feb-19
6 Mr. Qazi Muhammad Saleem Siddiqui Non-Executive Member 21-Feb-19
7 Mr. Irfan Ali Non-Executive Member 21-Feb-19
8 Mr. Tara Uzra Dawood Independent Member 21-Feb-19
9 Mr. Muhammad Shahid Khan Independent Member 21-Feb-19
10 Mr. Muhammad Humayoun Khan Independent Member 21-Feb-19
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
52 Sui Northern Gas Pipelines Limited
Company Information SNGPL
Sector Sub-Sector Year of Incorporation Entity Type
Oil & Gas Marketing & Distribution 1963 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 1,507 1,417 -6%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees 43,000 43 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Ms. Roohi Raees Khan Independent Chairman 20-Apr-19
2 Mr. Amer Tufail Executive Managing Director 3-Oct-19
3 Mr. Ahmad Aqeel Non-Executive Director 26-Jun-17
4 Mr. Himayat Ullah Khan Independent Director 20-Apr-19
5 Mirza Mahmood Ahmad Non-Executive Director 26-Jun-17
6 Mr. Manzoor Ahmed Independent Director 26-Jun-17
7 Mian Misbah-ur-Rehman Non-Executive Director 26-Jun-17
8 Mr. Naveed Kamran Baloch Non-Executive Director 19-Jun-19
9 Mr. Mustafa Ahmad Khan Independent Director 26-Jun-17
10 Mr. Muhammad Ayub Chaudhry Non-Executive Director 30-Dec-19
11 Sardar Ahmad Nawaz Sukhera Non-Executive Director 27-Apr-19
12 Dr. Sohail Razi Khan Independent Director 7-May-19
13 Mr. Sajid Mehmood Qazi Non-Executive Director 28-Aug-19
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
53 Faisalabad Electric Supply Company Limited
Company Information FESCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 1,088 89 -92%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 5,110 4,861 -5%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Khurram Mukhtar Non-Executive Chairman 1-Jan-18
2 Mr. Shafiq Ul Hassan Executive CEO 4-Aug-19
3 Mr. Ishrat Ali Non-Executive Director 29-Nov-19
4 Dr. Khurram Tariq Independent Director 1-Jan-18
5 Syed Aly Murtazza Independent Director 1-Jan-18
6 Mr. Abdul Hameed Chaudary Independent Director 1-Jan-18
7 Mr. Ihsaan Afzal Khan Independent Director 1-Jan-18
8 Mr. Saadullah Khan Non-Executive Director 1-Jan-18
9 Mr. Akhlaq Ahmad Syed Non-Executive Director 1-Jan-18
10 Mr. Shaheryar Arshad Chishty Non-Executive Director 1-Jan-18
11 Mr. Javed Iqbal Khan Non-Executive Director 1-Jan-18
12 Lt. Col. (R) Syed Saleem Ahmad Non-Executive Director 1-Jan-18
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
54 Hyderabad Electric Supply Company Limited
Company Information HESCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - -
Dividend Received by GOP - -
Government Support
During the Year
5 Foreign Loans 855 1,224 43%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 6,487 6,224 -4%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Engr. Shaikh Jamil Gul Independent Chairman -
2 Mr. Muhammad Yaqoob Executive Directors -
3 Engr. Irfan Ahmed Independent Directors -
4 Syed Zahir Hasan Rizvi Independent Directors -
5 Mr. Muhammad Rashid Hussain Independent Directors -
6 Mr. Shahid Zaki Independent Directors -
7 Mr. Ali Ahmed Palh Independent Directors -
8 Ms. Hina Talpur Executive Directors -
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
55 Quetta Electric Supply Company Limited
Company Information QESCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 2,052 -
7 Domestic Loans - 81 -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 11,679 11,343 -3%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. ABDUL KHALIQ BALOCH Executive Chairman -
2 Mr. Muhammad Arif Executive Directors -
3 Mr. SOHAIL AKBAR SHAH Non-Executive Directors -
4 Mr.SYED SHARAFUDIN Non-Executive Directors -
5 Mr.MIR KABEER AHMED Non-Executive Directors -
6 Mr. RAI UMER POONEGAR Independent Directors -
7 Mr.MIR WAIS KHAN ACHAKZAI Independent Directors -
8 Mr. HUSSAIN ISLAM Independent Directors -
9 SYED AHMAR ALI Independent Directors -
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
56 Tribal Electric Supply Company Limited
Company Information TESCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 2002 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 439 37 -92%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 BoD dissloved since 2010 0 0 -
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
57 Peshawar Electric Supply Company Limited
Company Information PESCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 814 646 -21%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 6,142 6,332 3%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Zulfiqar Ahmad Independent Member 17-Feb-17
2 Mr. Ahmad Dildar, Independent Member 17-Feb-17
3 Sardar Muhammad Tariq Independent Member 17-Feb-17
4 Mr. Munir Azam, Non-Executive Member 16-Jan-19
5 Muhammad Zubair Non-Executive Member 30-Aug-19
6 Dr. Muhammad Amjad Khan Executive Member 18-May-18
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
58 Lahore Electric Supply Company Limited
Company Information LESCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 459 - -100%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 6,237 5,690 -9%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Shaheryar Arshad Chishty Independent Chairman 20-Nov-17
2 Mr. M. Irfan Akram Independent Member BOD 30-Sep-16
3 Mr. Abdul Qayyum Malik Independent Member BOD 30-Sep-16
4 Mr. Muhammad Nawaz Kasuri Independent Member BOD 30-Sep-16
5 Mr. Saadullah Khan Independent Member BOD 20-Nov-17
6 Syed Akhlaq Ahmad Independent Member BOD 20-Nov-17
7 Mr. M. Zargham Eshaq Khan Non-Executive Member BOD 10-Apr-16
8 Mr. Muhammad Anwer Sheikh Non-Executive Member BOD 11-Feb-16
9 Dr. Muhammad Mujtaba Piracha Independent Member BOD -
10 Mr. Mujahid Pervaz Chattha Executive Member BOD 2-Jan-18
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
59 Islamabad Electric Supply Company Limited
Company Information IESCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 656 2,087 218%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 7,400 7,862 6%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Saad Ullah Khan Independent Chairman 20-Nov-17
2 Mr. Naeem Iqbal Independent Director 20-Nov-17
3 Mr. Raheel Ijaz Independent Director 20-Nov-17
4 Mr. Shaheryar Chisty Independent Director 20-Nov-17
5 Mr. Syed Akhlaq Ahmed Independent Director 20-Nov-17
6 Mr. Zafeer Abbasi Independent Director 20-Nov-17
7 Mr. Zafar Abbas Non-Executive Director 18-Feb-19
8 Dr. Ahmed Mujtaba Memon Non-Executive Director 22-Mar-18
9 Mr. Muhammad Mahmood Non-Executive Director 4-Dec-19
10 Mr. Shahid Iqbal Chaudry Executive Director 2-Nov-18
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
60 Gujranwala Electric Power Company Limited
Company Information GEPCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 327 81 -75%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 4,370 4,131 -5%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Ghiasuddin Ahmad-Chairman BOD Independent Director 18-Nov-16
2 Mr. Lt. Col (R) Shah Jahan Khan Independent Director 20-Nov-13
3 Mr. Saadullah Khan Independent Director 20-Nov-17
4 Mr. ShaheryarArshadChishty Independent Director 20-Nov-17
5 Mr. Akhlaq Ahmad Syed Independent Director 20-Nov-17
6 Prof. Dr. Mrs. FarhatSaleemi Non-Executive Director 18-Nov-16
7 Mr. Tariq Viqar Bakhshi Non-Executive Director 13-Feb-19
8 Lt. Col ( R ) Syed Saleem Ahmed Non-Executive Director 30-Aug-19
9 Mr. Muhammad Anwer Sheikh- Representative of Finance
Non-Executive
Division Director 13-Oct-15
10 Mr. Zahid Akhtar Zaman Commissioner Gujranwala Division
Non-Executive Director 2-Dec-19
11 Mr. Waqas Ali Mehmood Commissioner Gujranwala Division.
Non-Executive Director 20-Feb-19
12 Mr. Zulfiaqar Ahmed Ghumman Commissioner GujranwalaNon-Executive
Division Director 12-Oct-19
13 Mr. MohsinRaza Khan- Executive CEO/ Director 23-Nov-18
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
61 Multan Electric Power Company Limited
Company Information MEPCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 1,211 489 -60%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 10,600 10,121 -5%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Akhlaq Ahmed Syed Independent Chairman 28-Dec-17
2 Mr. Saad Ullah Khan Independent Director 28-Dec-17
3 Mr. Shehyar Arshad Chishti Independent Director 28-Dec-17
4 Muhammad Anwer Sheikh Non-Executive Director 11-May-16
5 Mr. Khalid Masood Khan Independent Director 11-May-16
6 Mr. Zaffar Abbas Non-Executive Director 14-Oct-16
7 Tahir Mahmood Executive Director 2-Sep-19
8 Mr. Muhammad Sarfraz Independent Director 10-Jul-18
9 Mr.Imran Sikander Balooch Non-Executive Director 11-Feb-18
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
62 Sukkur Electric Power Company Limited
Company Information SEPCO
Sector Sub-Sector Year of Incorporation Entity Type
Power DISCOs 2010 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Nisar Ahmed Siddiqui Independent Chairman 17-Feb-17
2 Mr. Hassan Nasir Jami Non-Executive Director 17-Feb-17
3 Mr. Saeed Ahmed Dawach Executive CEO 17-Feb-17
4 Commissioner Sukkur Non-Executive Director 17-Feb-17
5 Commissioner Larkana Non-Executive Director 17-Feb-17
6 Mr. Wazir Ali Bhayo Independent Director 17-Feb-17
7 Mr. Abdul Aziz Shivani Independent Director 17-Feb-17
8 Syed Moharram Ali Shah Independent Director 17-Feb-17
9 Dr. Murad Khamisani Independent Director 17-Feb-17
10 Mr. Santosh Kumar Independent Director 17-Feb-17
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
63 GENCO-I: Jamshoro Power Company Limited
Company Information GENCO-I (JPCL)
Sector Sub-Sector Year of Incorporation Entity Type
Power GENCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - 2 -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Engr. Abdul Malik Memon Independent Chairman 8-Feb-16
2 Mr. Salim Ahmed Mughal Independent Director 8-Feb-16
3 Mr. Danish Iqbal Independent Director 8-Feb-16
4 Mr. Muhammad Irfan Akram Independent Director 8-Feb-16
5 Mr. Muhammad Imran Mian Non-Executive CEO 8-Feb-16
6 Mr. Zafar Abbas Non-Executive Director 28-Jun-16
7 Mr. Javed Iqbal Khan Non-Executive Joint Secretary (BIU) 5-Oct-17
8 Mr. Munir Azam Non-Executive Additional Secretary-I 8-Feb-19
9 Syed Tanveer Ahmed Jafri Executive CEO 27-Aug-19
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
64 GENCO-II: Central Power Generation Company Limited , Thermal Power Station, Guddo
Company Information GENCO-II (CPGCL)
Sector Sub-Sector Year of Incorporation Entity Type
Power GENCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees 0 -
16 Equity Injection - - -
Outstanding -
10 Loans 3,463 4,635 34%
13 Guarantees 40,700 45 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Syed Tahir Nawazish Independent Chairman 8-Feb-19
2 Mr. Nisar Ahmed Siddiqui Independent Director 8-Feb-19
3 Mr. Muhammad Aslam Shaikh Independent Director 8-Feb-19
4 Mr. Abdul Qayum Malik Independent Director 8-Feb-19
5 Mr. Sajjad Ahmed Non-Executive Director 13-Sep-19
6 Mr. Muhammad Imran Non-Executive Director 8-Feb-19
7 Mr. Hammad Amer Hashmi Executive CEO 1-Aug-19
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
65 GENCO-III: Northern Power Generation Company Limited, Thermal Power Station, Muzaffargarh
Company Information GENCO-III (NPGCL)
Sector Sub-Sector Year of Incorporation Entity Type
Power GENCOs 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 1,043 1,420 36%
13 Guarantees 24,715 22 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Prof. Dr. Tabrez Aslam Shami Independent Chairman 28-Feb-19
2 Mr. Muhammad Umar Khan Independent Director 28-Feb-19
3 Mr. Muhammad Irfan Akram Independent Director 28-Feb-19
4 Mr. Muhammad Akram Independent Director 28-Feb-19
5 Mr. Abdul Qayum Malik Independent Director 28-Feb-19
6 Mr. Muhammad Bashir Khetran Non-Executive Director 14-Nov-19
7 Mr. Muhammad Zargham Eshaq Khan Non-Executive Director 28-Feb-19
8 Muhammad Imran Mian Non-Executive Director 28-Feb-19
9 Mr. Sabeeh uz zaman Faruqui Executive CEO -
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
66 GENCO-IV: Lakhra Power Generation Company Limited
Company Information GENCO-IV (LPGCL)
Sector Sub-Sector Year of Incorporation Entity Type
Power GENCOs 2002 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 4 8 96%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Salim Ahmed Mughal Independent Chairman 8-Jun-17
2 Engr. Abdul Malik Memon Independent Director 8-Jun-17
3 Mr. Danish Iqbal Independent Director 8-Jun-17
4 Mr. Muhammad Irfan Akram Independent Director 8-Jun-17
5 Mr.Muhammad Imran Non-Executive Director 8-Jun-17
6 Mr.Ghulam Shabir Jatoi Executive Director 8-Apr-19
7 Mr.Sajjad Ahmed Non-Executive Director 19-Apr-19
8 Ms.Shahnaz Akhtar Non-Executive Director 7-May-19
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
67 Lakhra Coal Development Company Limited
Company Information LCDC
Sector Sub-Sector Year of Incorporation Entity Type
Power GENCOs 1990 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Sajid Mehmood Qazi Executive Chairman 2-Mar-19
2 Mr. Muhammad Illyas Non-Executive Director 13-May-19
3 Mr. Muhammad Rashid Independent Director 1-Jan-17
4 Mr. Noor Muhammad Khan Independent Director 1-Jan-17
5 Mr Naveed Asghar Chudry Non-Executive Director 30-May-18
6 Mr. Ghulam Shabbir Jatoi Non-Executive Director 1-Jan-17
7 Mr. Abdul Majeed Zahid Independent Director 1-Jan-17
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
68 National Power Parks Management
Company Information NPPMCL
Sector Sub-Sector Year of Incorporation Entity Type
Power GENCOs 2015 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - 38 -
Outstanding -
10 Loans 1,229 -
13 Guarantees 8,402 -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Sheryar Arshad Chisti Executive Chairman 19-Dec-19
2 Mr. Zafar Abbas Executive Member 30-Apr-15
3 Mr. Shah Jahan Mirza Non-Executive Member 30-Apr-15
4 Mr. Tabrez Aslam Shami Non-Executive Member 19-Dec-19
5 Mr. Mahfusz-Ur-Rahman Pasha Non-Executive Member 19-Dec-19
6 Mr. Muhammad Irfan Akram Non-Executive Member 19-Dec-19
7 Mr. Nasir Gulzar Independent Member 19-Dec-19
8 Mr. Muhammad Bashir Khetran Independent Member 19-Dec-19
9 Mr. Dhanpat Kotak Independent Member 4-Sep-18
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
69 Water and Power Development Authority
Company Information WAPDA
Sector Sub-Sector Year of Incorporation Entity Type
Power GENCOs 1958 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 20,928 11,127 -47%
7 Domestic Loans 2,100 2,600 24%
14 Subsidies - 146,860 -
15 Guarantees - - -
16 Equity Injection 80,152 11 -100%
Outstanding -
10 Loans 119,576 173,877 45%
13 Guarantees 227,526 182 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Lt. Gen (R) Muzamil Hussain Non-Executive Chairman 23-Aug-16
2 Mr. Muhammad Ikram Khan Non-Executive Director 3-Oct-17
3 Mr. Abdul Zahir Khan Durrani Non-Executive Director 30-Jun-19
4 Mr. Muhammad Arshad Chaudry Non-Executive Director 12-Sep-17
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
70 National Transmission and Despatch Company
Company Information NTDC
Sector Sub-Sector Year of Incorporation Entity Type
Power Transmission 1998 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 464 1,159 150%
Government Support
During the Year
5 Foreign Loans 6,505 13,333 105%
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - 23 -
Outstanding -
10 Loans 54,534 60,783 11%
13 Guarantees 22,460 44 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Babar Iqbal Independent Chairman 17-Oct-16
2 Mr. Ghiasudin Ahmed Independent Director 17-Oct-16
3 Mr. Mahfuz-ur-Rehman Pasha Independent Director 17-Oct-16
4 Mr. Nasir Gulzar Independent Director 17-Oct-16
5 Mr. Ajmal Jamil Independent Director 22-Jul-19
6 Dr. Noor Muhammad Shiekh Independent Director 23-May-19
7 Mr. Munir Azam Non-Executive Director 7-Feb-19
8 Mr. Shah Jahan Mirza Non-Executive Director 17-Oct-16
9 Mr. Abid Latif Lodhi Non-Executive Director 21-Aug-19
10 Mr. Zafar Abbas Executive Managing Director 19-Sep-18
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
71 Central Power Purchase Agency (Guarantee) Limited
Company Information CPPA (G)
Sector Sub-Sector Year of Incorporation Entity Type
Power Management 2009 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 361 401 11%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Irfan Ali Non-Executive Chairman Board 31-Aug-18
2 Mr. Zargham Eshaq Khan Non-Executive Member Board 27-Dec-13
3 Mr. Zafar Abbas Non-Executive Member Board 7-Jul-17
4 Mr. Muhammad Imran Mian Non-Executive Member Board 16-Jan-15
5 Mr. Shahid Iqbal Chaudhry Non-Executive Member Board 5-Nov-18
6 Mr. Abid Latif Lodhi Executive CEO / Member 14-Mar-16
7 Miss. Ayla Majid Independent Member 10-Jan-13
8 Mr. Hamid Ali Khan Independent Member 10-Jan-13
9 Mr. Ghias ud Din Independent Member 10-Jan-13
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
72 Pakistan Electric Power Company (Private) Limited
Company Information PEPCO
Sector Sub-Sector Year of Incorporation Entity Type
Power Management 1998 PSC - Commercial
M/o Energy Private Limited Company Management company under Ministry of Water & power
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans 51 26 -49%
7 Domestic Loans - - -
14 Subsidies 84,000 - -100%
15 Guarantees 20,000 - -100%
16 Equity Injection - - -
Outstanding -
10 Loans 561 552 -2%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Irfan Ali Executive Chairman 16-Nov-18
2 Mr. Waseem Mukhtar Executive Managing Director 28-Jul-18
3 Mr. M. Zargham Eshaq Khan Non-Executive Director 15-Jul-17
4 Mr. Rihan Akhtar Non-Executive Director 15-Jul-17
5 Mr. Khalid Masood Khan Independent Director 15-Jul-17
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
73 Power Holding (Private) Limited
Company Information PHPL
Sector Sub-Sector Year of Incorporation Entity Type
Power Management 2009 PSC - Commercial
M/o Energy Private Limited Company Funding the repayment of liabilities of DISCOs
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees 7,272 -
16 Equity Injection 202,000 311 -100%
Outstanding -
10 Loans - - -
13 Guarantees 568,961 806 -100%
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr.Irfan Ali Non-Executive Chairman 9-Jan-18
2 Mr.Muhammad Zargham Eshaq Khan Executive Chief Executive Officer 28-Apr-14
3 Mr. Muhammad Bilal Non-Executive Director 5-Mar-19
4 Mr.Sajjad Ahmed Non-Executive Director 2-Mar-18
5 Mr.Muhammad Anwer Non-Executive Director 18-Feb-16
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
74 Export Processing Zones Authority
Company Information EPZA
Sector Sub-Sector Year of Incorporation Entity Type
Industrial Estate Industrial Estate
1980 PSC - Commercial
Development Development
Administrative Ministry Incorporation Structure Nature of Business
M/o Industries and Promotion and development of Export Processing Zones in the
Federal Authority
Production Country
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Chairman Non-Executive Chairman 8-Mar-18
2 Chief Secretary Sindh Non-Executive Member 8-Mar-18
3 Chief Secretary Baluchistan Executive Member 8-Mar-18
4 Member Customs Executive Member 8-Mar-18
5 Additional Secretary-II Executive Member 8-Mar-18
6 CEO, TDAP Executive Member 8-Mar-18
7 President, FPCCI Executive Member 8-Mar-18
8 Mr. Mustafa Hemani Independent Member 8-Mar-18
9 Mr. Hassan Masood Khawaja Independent Member 8-Mar-18
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
75 National Construction Limited
Company Information NCL
Sector Sub-Sector Year of Incorporation Entity Type
Industrial Estate Industrial Estate
1977 PSC - Commercial
Development Development
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited
M/o Housing & Works Construction and Allied activities
Company
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Dr. Imran Zeb Non-Executive Chairman 17-Apr-18
2 Mr. Yaseen Shar Baloch Non-Executive Director 29-Jan-19
3 Mr. Mohammad Asad Independent Director 5-May-16
4 Mr. Shahid Farzand Non-Executive Director 13-Apr-18
5 Mr. Muhammad Shahzad Non-Executive Director 25-Nov-18
6 Mr. Shahid Aziz Non-Executive Director 27-Nov-15
7 Mr. Karim Akram Khan Non-Executive Director 1-Nov-18
8 Engr. Athar Nawaz Malik Executive Director 21-Dec-17
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
76 Pakistan Expo Centers (Pvt) Ltd
Company Information PEC
Sector Sub-Sector Year of Incorporation Entity Type
Industrial Estate Industrial Estate
2004 PSC - Commercial
Development Development
Administrative Ministry Incorporation Structure Nature of Business
Development and management of expo centers in various cities of
M/o Commerce Private Limited Company
Pakistan
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Syed Yawar Ali Independent Director 31-May-18
2 Engr. Daroon Khan Independent Director 31-May-18
3 Mr. Engr. Maqsood Independent Director 31-May-18
4 Mr. Anwar Pervaiz Independent Director 31-May-18
5 Ghulam Farooq Independent Director 31-May-18
6 Agha Shahab Ahmed Khan Independent Director 31-May-18
7 Muhammad Suleh Ahmed Faruqui Non-Executive Director 31-May-18
8 Ms. Maria Kazi Non-Executive Director 31-May-18
9 Mr. Muhammad Zafar Iqbal Non-Executive Director 31-May-18
10 Mr. Amer Latif Non-Executive Director 31-May-18
11 Mr. Ghulam Ali Non-Executive Director 31-May-18
12 Dr. Nasim Ul Ghani Sehto Non-Executive Director 31-May-18
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
77 Pakistan Textile City
Company Information PTC
Sector Sub-Sector Year of Incorporation Entity Type
Industrial Estate Industrial Estate
2004 PSC - Commercial
Development Development
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited
M/o Commerce Infrastructure Development Project
Company
Dividends
Dividend Declared -
Dividend Received by GOP -
Government Support
During the Year
5 Foreign Loans - -
7 Domestic Loans - -
14 Subsidies 14 -
15 Guarantees - -
16 Equity Injection - -
Outstanding -
10 Loans - -
13 Guarantees - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Asif Maqsood Independent Chairman 3-Dec-14
2 Secretary, Ministry of Commerce Non-Executive Member 28-Feb-17
3 Mr. Iftikhar Ahmed Malik Non-Executive Member 3-Dec-14
4 JS, Investment Facilitation, MoIP Non-Executive Member 23-Nov-17
5 Sardar Azmat Babar Non-Executive Member 28-Dec-17
6 Secretary, Industry & Commerce Department, Government
Non-Executive
of Sindh Member 28-Dec-16
7 Chairman EPZA Non-Executive Member 21-Jun-17
8 Dr. Kazim Hussain Jatoi Non-Executive Member 3-Apr-17
9 Mr. Muhammad Faisal Hussain Israr Non-Executive Member 12-Jun-17
10 Mr. S.M Arshad Non-Executive Member 12-Jun-19
11 Vacant 0 0 -
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
78 Trading Corporation of Pakistan (Private) Limited
Company Information TCP
Sector Sub-Sector Year of Incorporation Entity Type
Trading & Marketing Trading 1967 PSC - Commercial
M/o Commerce Private Limited Company Import, Export, procurement, sale and storage of commodities
Dividends
Dividend Declared - - -
Dividend Received by GOP 200 200 0%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies 2,627 5,000 90%
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Riaz Ahmad Memon Executive Chairman/ CEO 15-Nov-18
2 Dr. Muhammad Hamid Ali Non-Executive Chairman Procurement Committee 8-Nov-19
3 Mr. Imtiaz Ali Gopang Non-Executive Chairman Nomination Committee 1-Jun-18
4 Dr. Imran Ullah Khan Non-Executive Member 22-Oct-18
5 Ms. Bushra Naz Malik Independent Member BOD/ Chairman Audit Committee 1-Jun-18
6 Ms. Javaria Tareen Independent Member BOD/ Chairman Human Resource Committee 1-Jun-18
7 Ms. Tasneem Yusuf Independent Member 1-Jun-18
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
79 Utility Stores Corporation (Private) Limited
Company Information USC
Sector Sub-Sector Year of Incorporation Entity Type
Trading & Marketing Trading 1971 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies 4,313 6,130 42%
15 Guarantees - - -
16 Equity Injection - 5 -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Zulqiurnain Ali Khan Independent Chairman 12-Nov-18
2 Mr Umer Habib Khan Lodhi Executive CEO 3-May-18
3 Mr. Fareed Ahmad Agha Independent Director 12-Nov-18
4 Mr. Mohammad Saleem Rafiq Independent Director 12-Nov-18
5 Mr. Nadeem Ahsan Non-Executive Director 5-Dec-19
6 Dr. Imran Ullah Khan Non-Executive Director 12-Nov-18
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
80 Pakistan Agricultural Storage & Services Corporation Limited
Company Information PASSCO
Sector Sub-Sector Year of Incorporation Entity Type
Trading & Marketing Agricultural Storage 1973 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies 14,032 6,989 -50%
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Dr. Muhammad Hashim Non-Executive Chairman 29-Aug-18
2 AFS, MoF Non-Executive Director -
3 Mr. Khurram Saeed Naik Non-Executive Director 1-Dec-06
4 Mr. Asif Bashir Non-Executive Director 13-Mar-15
5 Mr. Kashif Umair Thanvi Non-Executive Director 25-Nov-15
6 Mr. Hassan Nawaz Tarar Non-Executive Director 1-Jul-16
7 Mr. Muhammad Nadeem Chohan Non-Executive Director 3-Apr-18
8 Mr. Mir Amir Nawaz Non-Executive Director 8-Aug-19
9 Mr. Imran Nasir Khan Executive Director 8-Aug-19
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
81 National Fertilizer Corporation of Pakistan (Private) Limited
Company Information NFC
Sector Sub-Sector Year of Incorporation Entity Type
Trading & Marketing Chemicals 1973 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP 100 - -100%
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Prince Muhammad Isa Jan Independent Chairman 12-Feb-15
2 Capt (R) Sher Aslam Mahasud Non-Executive CEO 4-Sep-19
3 Dr.Nawaz Ahmed Non-Executive Director 20-Mar-17
4 Mr. Nadeem Ahsan Non-Executive Director 16-Sep-19
5 Mr. Chaudry Hamid Malhi Independent Director 12-Feb-15
6 Mr. Usman Ghani Khatri Independent Director 12-Feb-15
7 Mr. Ifthikar Ahmed Jogezai Independent Director 12-Feb-15
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
82 Pakistan Broadcasting Corporation
Company Information PBC
Sector Sub-Sector Year of Incorporation Entity Type
Miscellaneous Media Entertainment 1973 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans 108 69 -36%
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 5,920 6,146 4%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Ms. Zahida Parveen Executive Secretary/Chairman -
2 Ms. Samina Waqar Executive Member -
3 Mr. Aamer Manzoor Non-Executive Member -
4 Mr. Abdul Aziz Uqaili Non-Executive Member -
5 Major Gen. Asif Ghafoor Non-Executive Member -
6 Mr. Majid Khan Lodhi Non-Executive Member -
7 Mr. Muhammad Tanvir Butt Non-Executive Member -
8 Mr. Muhammad Ayub Baloch Independent Member 6-Nov-18
9 Mr. Zouhair A. Khaliq Independent Member 6-Nov-18
10 Mr. Farman Ullah Jan Independent Member 6-Nov-18
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
83 Pakistan Television Corporation Limited
Company Information PTVC
Sector Sub-Sector Year of Incorporation Entity Type
Miscellaneous Media Entertainment 1965 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans 59 59 0%
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Arshad Khan Non-Executive Chairman 14-Jun-19
2 Mr. Amer Manzoor Executive MD 14-Jun-19
3 Mr. Muhammad Tanvir Butt Non-Executive Member 10-Jan-13
4 Ms. Zahida Parveen Non-Executive Member 10-Jan-13
5 Maj Gen Asif Gafoor Non-Executive Member 10-Jan-13
6 Mrs. Samina Waqar Non-Executive Member 10-Jan-13
7 Mr. Zouhair A Khaliq Executive Director 3-Oct-18
8 Mr. Rashid Ali Khan Executive Director 3-Oct-18
9 Mr. Farman Ullah Jan Executive Director 3-Oct-18
10 Prof. Ijaz Ul Hassan Executive Director 3-Oct-18
11 Mian Yousuf Salauddin Executive Director 17-Jul-19
12 Mr. Syed Muhammad Ali Bukhari Executive Director 17-Jul-19
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
84 Overseas Employment Corporation (Private) Limited
Company Information OECL
Sector Sub-Sector Year of Incorporation Entity Type
Miscellaneous Other Services 1976 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Imran Khan, Hon’ble Prime Minister Non-Executive Chairman 18-Aug-18
2 Mr. Aamir Hasan, Non-Executive Vice –Chairman 18-Sep-19
3 Ms. Sheena Ali Mansoor, Non-Executive Member 30-Oct-19
4 Mr. Kashif Ahmed Noor, Executive Member 23-Oct-18
5 Dr. Amer Sheikh, Non-Executive Member 18-May-18
6 Mr. Jamshaid Ahmed, Executive Member 2-Nov-12
7 Mr. Moazzam Ahmed Khan, Non-Executive Member 11-Sep-19
8 Mr. Kashif Ahmed Noor, Non-Executive Member 26-May-16
9 Mr. Mohsin Khalid, Independent Member 10-Apr-12
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
85 Pakistan Revenue Automation (Private) Limited
Company Information PRAL
Sector Sub-Sector Year of Incorporation Entity Type
Miscellaneous Other Services 1994 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Syed Muhammad Shabbar Zaidi Non-Executive Director 9-May-19
2 Jawwad Uwais Agha Non-Executive Director 8-Nov-18
3 Seema Shakil Non-Executive Director 5-Dec-18
4 Mehmood Aslam Non-Executive Director 26-Dec-18
5 Syed Javed Non-Executive Director 10-Jan-13
6 Syed Ghazi Ghazan Jamal Non-Executive Director 10-Jan-13
7 Syed Naved Amjad Andrabi Non-Executive Director 10-Jan-13
8 Hanid Mukhtar Non-Executive Director -
9 Farrukh Viqaruddin Junaidy Non-Executive Director -
10 Syed Ahmed Non-Executive Director -
11 Ahmed Nawaz Executive Deemed Director under section 188(3) of Companies Act 2017 11-Jun-19
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
86 Small and Medium Enterprise Development Authority
Company Information SMEDA
Sector Sub-Sector Year of Incorporation Entity Type
Miscellaneous Promotion & Advocacy 2002 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Federal Minister for Indusrties & Production Non-Executive Chairman -
2 Secretary, Ministry of Indusrties & Production Non-Executive Member -
3 Secretary, Ministry of Finance or his representative not below
Non-Executive
Joint Secretary/BS-20 Member -
4 Secretary, Ministry of Commerce Non-Executive Member -
5 Chief Executive Officer SMEDA Non-Executive Member -
6 Chairman, Federal Board of Revenue Non-Executive Member -
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
87 Pakistan Tourism Development Corporation
Company Information PTDC
Sector Sub-Sector Year of Incorporation Entity Type
Miscellaneous Promotion & Advocacy 1970 PSC - Commercial
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Syed Zulfiqar Abbasi Bukhari Non-Executive Chairman 17-May-19
2 Secretary Cabinet Division Non-Executive Member -
3 Syed Intikjab Alam Executive CEO 17-May-19
4 Secretary Toursim Department, Punjab Executive Member 13-Mar-19
5 Secretary Toursim Department, Sindh Executive Member 13-Mar-19
6 Secretary Toursim Department, KPK Executive Member 13-Mar-19
7 Secretary Toursim Department, Baluchistan Executive Member 4-Dec-18
8 Secretary Toursim Department, AJK Executive Member 18-Apr-19
9 Secretary Toursim Department, GB Executive Member 18-Apr-19
10 DG , National Logistics Limited Executive Member 4-Dec-18
11 Mr. Kamran Lashari Independent Private Member 17-May-19
12 Mr. Aftab Ur Rehman Independent Private Member 17-May-19
13 Mr. Ali Asghar Independent Private Member 17-May-19
14 Mr. Javaid Jabbar Independent Private Member 17-May-19
15 Mr. Zulfiqar Ali Independent Private Member 17-May-19
Federal Footprint - State Owned Enterprises Annual Report 2018-19
Pakistan Railway Advisory and Consultancy Services Limited
Company Information PRACS
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Railways 1976 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited Renders services in the field of railway and runs railway reservation
M/o Railways
Company offices in Lahore, Rawalpindi, Islamabad and Karachi
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr.Abdul Hameed Razi Executive Managing Director 21-Jun-17
2 Mr.Sikandar Sultan Raja Non-Executive Chairman 20-Dec-18
3 Mr.Aijaz Ahmad Buriro Non-Executive Director 13-Mar-18
4 Mr.Shahzad Raza Syed Non-Executive Director 23-Oct-19
5 Mr.Muhammad Tahir Non-Executive Director 21-Sep-17
6 Mr.Shahid Aziz Non-Executive Director 20-Dec-18
7 Mr.Dost Ali Laghari Non-Executive Director 23-Oct-19
8 Mr.Zubair Shafi Ghauri Non-Executive Director 21-May-18
9 M.Salman Sadiq Sheikh Non-Executive Director 23-Oct-19
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
Pakistan Railway Freight Transportation Company (Pvt) Ltd
Company Information PRFTC
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Railways 2014 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Sikandar Raja Sultan Executive Chairman -
2 Aijaz Ahmed Buriro Executive Director 4-Dec-18
3 Zubair Shafi Ghauri Executive Member -
4 Farrukh Taimur Ghilzai Executive Member -
5 Salman Sadiq Sheikh Executive Member -
6 Naveed Mubash ar Ch., Executive Member -
7 Agha Waseem Ahmad Executive Member -
8 Zafar Zaman Ranjha Executive Member -
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
Railway Constructions Pakistan Limited
Company Information RAILCOP
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Railways 1981 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Unlisted Public Limited
M/o Railways Civil constructions, supply of ballast and rolling stock etc.
Company
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1 Mr. Habib Ur Rehman Gillani Non-Executive Chairman 2-Dec-19
2 Mr. Abdul Malik Non-Executive Director -
3 Mr. Muhammad Tahir Non-Executive Director -
4
5 Mr. Aijaz Ahmed Buriro Non-Executive Director 11-Apr-19
6 Sayed Munawar Shah Executive Acting as CEO/Managing Director RAILCOP 30-Oct-19
7 Mr. Farrukh Taimur Ghilzai Non-Executive Director 10-Oct-17
8 Mr. Arshad Salam Khattak Executive CEO/Managing Director RAILCOP 24-Jan-19
9 Mr. Nisar Ahmed Memon Non-Executive Acting as CEO/Managing Director RAILCOP 20-Aug-19
10 Mr. Nasir Qadir Bhadal Independent Director 1-Jul-19
11 Mr. Muhammad Arif Hameed Independent Director 10-Jan-13
12 Mr. Muhammad Asghar Chaudhry Independent Director 10-Jan-13
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
Railway Estate Development and Marketing Company
Company Information REDAMCO
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Railways 2012 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
Non-railways revenue generation especially real estate
M/o Railways Private Limited Company
management and development of Pakistan Railways Land
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Federal Footprint - State Owned Enterprises Annual Report 2018-19
0 Kashmir Railways (Pvt) Ltd
Company Information KRPL
Sector Sub-Sector Year of Incorporation Entity Type
Infrastructure, Transport &
Railways 2014 PSC - Commercial
ITC
Administrative Ministry Incorporation Structure Nature of Business
M/o Railways Private Limited Company Construction of Rail, Roads, Infrastructure and Civil Works
Dividends
Dividend Declared - - -
Dividend Received by GOP - - -
Government Support
During the Year
5 Foreign Loans - - -
7 Domestic Loans - - -
14 Subsidies - - -
15 Guarantees - - -
16 Equity Injection - - -
Outstanding -
10 Loans - - -
13 Guarantees - - -
Board of Directors
Name Board Position Position Type Appointment Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15