Monday, 6 February 2012

Flood Relief Activities


Flood Relief
Floods in Pakistan have played havoc with the lives of millions of people. Thousands lost their lives as the rushing floods swept them away, while others were injured and lost their homes and property within a matter of minutes. The MJSF has designed a Relief Process that is simple but effective. The relief objective is to increase the rate of survival by providing items of basic needs such as food, clean water, and essential medicines.
The organization first surveys the areas of operation gathering data from local NGOs as well as from the Provincial Disaster Management Authorities. The second step is to send MJSF’s workers to the affected areas to carry out an independent survey. The relief operations begin 24-48 hours after the survey, during which time the procurement, packaging and transportation of relief supplies takes place. The basic relief items being provided to the affected areas include 8 day food rations and clean drinking water.

To extend care and support to the families displaced due to the recent flood 2011 in Sindh, Mahvash and Jahangir Siddiqui Foundation and JS Bank sent out its health team comprising doctors, Para-medical staff, dispensers and helpers along with its fleet of ambulances and food rations for more than 3,000 families, to provide assistance to the affectees. To date, medical attention to 10,229 patients along with food rations, water and basic medical supplies have been provided to an estimated 17,500 people in the affected areas which should last them for a period of 8-10 days. The areas that were covered in the initial phase from 3rd September to 12th September included Badin, Mirpurkhas, Thatta, Tando Mohammed Khan, Tando Allahyar and Mithi and the next phase will cover areas of Sanghar, Nawabshah, Dadu and Khairpur districts.
The United Nations (UN), the Provincial Disaster Management Authority Sindh (PDMA), the International Organization for Migration (IOM), JS Bank and The Mahvash & Jahangir Siddiqui Foundation (MJSF) jointly coordinated the relief efforts for the 2010 flood relief under “United for Cause” group focusing on developing coordinated strategies to address humanitarian needs of flood hit communities.

Public Relations and Awards


Public Relations and Awards
In 2011, JS Bank was ranked by State Bank of Pakistan for being the No 1 primary dealer.
 In 2011, JS Bank organized the First ever day and night women T-20 tournament in Pakistan which was a roaring success.
 In 2010, JS aligned with the Overseas Private Investment Corporation start a private equity fund worth $50 million which will be used to invest in technology companies.
 In 2009, JS Private Equity was among 49 companies to receive an award at the 6th Annual Environment Excellence Awards, organized by National Forum for Environment and Health (NFEH).
On November 8 2010, JS Bank Ltd and Mahvash & Jahangir Siddiqui Foundation in collaboration with United Nations and the Provincial Disaster Management Authority Sindh, hosted a joint conference “United for a Cause” at Mohatta Palace Museum in order to develop strategies to deal with the rehabilitation needs of flood affected communities from the 2010 Pakistan floods

Telecommunication Sector

JS Infocom
a.      Telecommunication, Technology & Media in Pakistan – JS Group Investment
The telecommunication sector in Pakistan is regulated by the Pakistan Telecommunication Authority (PTA). Eye Television Network Limited is a Pakistan-based company. The Company is engaged in operating satellite television channel. During the fiscal year ended June 30, 2009, Eye Television Network Limited launched Style 360, Masala TV and Hum TV.

b.      Eye Television


1.      Hum TV
ETN received its first up-linking license for “HUM TV” to operate as an International Satellite Television Channel in October 2004 from Pakistan Electronic Media Regulatory Authority (PEMRA) for a period of 15 years. Being the first ever Public Limited Company in electronic media in Pakistan, ETNL went live with its first channel “HUM TV” in January 2005.

2.      Masala TV
Masala TV was launched in September 2006. Masala TV became a household name that was recognized all across Pakistan and helped set the dinner tables in almost all homes.

3.       Style 360
During the fiscal year ended June 30, 2009, ETNL launched Style 360. Style 360 is a lifestyle and entertainment channel that aims to fill the gap of quality programming in Pakistan. 

Industrial Business Sector


JS Industrial

1.      Al Abbas Industries – Steel, Chemicals and Fiber Board
This business was established in 2002 to develop three buildings materials projects.  The company’s fiber board plant is Pakistan’s largest producer of Medium Density Fiber (“MDF”) boards.  The company’s Ferro-alloy plant produces about half of the Ferro-alloy requirements of Pakistan’s steel industry.  The company also has a calcium carbide plant.





2.      Al Abbas Sugar Mills – Sugar and Ethanol
In 1991, JS invested in this leading sugar and ethanol producer. Al Abbas Sugar Mills has a rated cane crushing capacity of 5,500 tons per day and operates two distillery units for superfine ethanol production.

3.      Pakistan International Container Terminals (PICT)
PICT is the East Wharf container terminal at the Karachi Port.  The company is sponsored by Premier Mercantile Services and JS Group is its second largest shareholder.  IFC and the OPEC Development Fund are lenders to PICT. It is the only container terminal managed by a Pakistani operator and has a handling capacity of 550,000 TEU per annum.

Financial Business Unit


JS Financial
a.      Jahangir Siddiqui & Co. Ltd. (JS&Co)
JS&Co is one of the largest investment firms in Pakistan and heads a diversified financial services group. JS&Co has a tradition of leadership and excellence.  It was Pakistan’s first securities firm with a Wall Street pedigree through its joint venture with Bear Stearns & Co.
JS&Co is rated AA+ (long term) and A1+ (short term) by the Pakistan Credit Rating Agency and issued Pakistan’s longest-dated (10-year) corporate bond.

b.      JS Global Capital Limited (JSGCL)
JS Global Capital Limited (formerly, Jahangir Siddiqui Capital Markets Ltd.) is one of the leading investment banking and securities firms in Pakistan. Global Investment house KSCC, the leading investment bank in the Middle East has 43% shares of the company.
The principal activities of JSGCL are: 
                      Equity, Fixed Income and Foreign Exchange Brokerage 
                      Fixed Income and Money Market Sales
                      Equity Sales and Investment Advisory 
                      Corporate Finance Advisory
                      Research
The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of JS Global Capital Limited (JSGCL) at “AA” (Double A) and “A1+” (A One plus) respectively.

c.      JS Bank Limited (JSBL)
JS Bank is a renowned commercial bank with a host of services catered for people of all walks of life. Its dynamics make it stand out and its services reach far out to both individuals and corporate. JS Bank Limited also has a Primary Dealer license for government securities from the State Bank of Pakistan and is recognized as no.1 primary dealer by State Bank of Pakistan for the year 2010-2011. 
JS Bank Limited has been formed after the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and commercial banking operations of American Express Bank Ltd Pakistan. JS Bank Limited commenced operations in Pakistan as a fully scheduled bank on December 30, 2006. JS Bank is considered one of the fastest growing banks in Pakistan with over 132 branches present in more than 67 cities nationwide.
The Pakistan Credit Rating Agency (PACRA), which is Pakistan's premier credit rating agency, has upgraded the long term and short entity ratings of JS Bank to A (Single A) and A 1 (A one) respectively.

d.      JS Investments Limited
JS Investments Limited (JSIL) is the oldest and one of the largest private sector Asset Management Companies in Pakistan, with over PKR 12.81 billion (as at June 30, 2011) in assets under management, spread across various mutual funds, pension funds and separately managed accounts. The company is listed on the Karachi Stock Exchange and has a market capitalization of over PKR 510 million (as at June 30, 2011).

e.      EFU Insurance Group
EFU General is engaged in the general insurance business comprising of fire, marine, motor and engineering insurance. EFU Insurance Group was established in 1932 as the Eastern Federal Union Insurance Company and grew to become the largest life assurance company in Asia (excluding-Japan) from 1961.  In 1972, the life assurance business was nationalized but EFU continued as a general insurance company.  Today, it is Pakistan’s second-largest general insurer.
In 1992, the private sector was again permitted to carry out life assurance and EFU Life Assurance was launched by EFU General in conjunction with the JS Group.  Today, this company is the largest private sector life assurance company in Pakistan with a sales force of over 1,500 people and over 50% share of the life insurance business.

f.       Bank Islami
Bank Islami Pakistan Limited was the second Islamic Commercial Bank  to receive the Islamic Banking license under the Islamic Banking policy of 2003 from State Bank of Pakistan on March 31, 2005. Bank Islami started its operations from April 7, 2006 and offers shariah compliant retail banking, investment banking, consumer banking and trade finance products.
Bank Islami Pakistan Limited is a fully licensed Islamic commercial bank. Presently, the nationwide branch network of Bank Islami consists of 102 branches spread over 49 cities of Pakistan. Bank Islami has the distinction of having the fastest expanding Islamic banking network in Pakistan as well as offering the widest network by any Islamic Bank in Pakistan.
The epochal idea of Bank Islami was conceptualized by Jahangir Siddiqui & Company Limited and DCD Group in late 2003. Dubai Bank was one of the founding shareholders of Bank Islami which invested 18.75% in the total Capital. The State Bank of Pakistan issued a No Objection Certificate on August 19, 2004 and Bank Islami Pakistan Limited, the second full-fledge Islamic Commercial Bank in Pakistan, was incorporated on October 18, 2004 in Pakistan.

Financial Services of JS Group


Financial Services of JS Group
a.      Commercial Banking
JS Group’s commercial banking activities are housed within JS Bank Limited (JSBL). JSBL puts forward range of commercial banking products and services and complete financial solutions to its clients. The services of JSBL include:
1.      ATMs, Visa Debit Cards and Tele-banking
2.      Depository products providing attractive returns to clients.
3.      Fixed Income and Money Market Sales
4.      Money Transfer services
5.      Short & Long Term Lending
6.      Underwriting & Debt Syndication




b.      Asset Management
Asset management at JS financial services is considered as practice of managing assets so that the greatest return can be achieved. JS Investments Limited (JSIL) is operating to provide the asset management services to JS financial. It was founded in 1995, and it is the oldest and one of the largest asset management companies in Pakistan with assets under management spread across various mutual funds, pension funds and separately managed accounts.

c.      Private Equity
Private equity finance is an asset class consisting of equity investments in operating companies that are not listed. JS Group has a successful, long term track record of unearthing and successfully developing investment opportunities in Pakistan and has led several successful private equity investments.
In 2006, JS Group launched JS Private Equity Fund. This is Pakistan’s first private equity fund targeting high-quality expansion capital and buyout investment opportunities within sector-leading companies in Pakistan.

d.      Investment Banking
Financing and advisory service of JS Group is provided by its listed stock brokerage and investment banking company named JS Global Capital. The business and advisory services include:
1.      Corporate finance and investment advisory services
2.      Equities and investment research
3.      Equities, fixed income and currencies brokerage

e.      Securities Brokerage
JS Group's securities brokerage business is run through JS Global Capital Limited (JSGCL). JSGCL is a market-leader in Pakistan's equity, fixed income and foreign exchange brokerage markets.

f.       Company Research
JS Group's research team is housed within JS Global Capital (JSGCL), which is a market-leader in the equity, fixed income and foreign exchange brokerage markets in Pakistan.
JS Research currently provides active coverage on 47 companies, representing more than 85% of the KSE-100 Index.  It has also, since 1991, been the exclusive provider of research and data on Pakistan to Standard & Poor’s emerging markets database and provides research to Bloomberg (type JSCL GO).

g.      Insurance
JS Group stands unique with its investment in closely related business sector i.e. Insurance. JS Group is the second-largest shareholder in the EFU Insurance Group, Pakistan’s largest insurance group.

h.      Islamic Banking & Finance
JS Group launched Islamic banking and finance services by establishing a premier Islamic commercial bank with the name of Bank Islami in 2006. Bank Islami Pakistan Limited was the first Islamic commercial bank to receive an Islamic Banking license under the new Islamic Banking policy of 2003.

i.        Micro Finance
JS Group views the Micro Finance sector as an essential part of its overall financial services portfolio to tap into a new market segment while acting in accordance with its social responsibilities as a corporate citizen.
Network Micro Finance Bank (NMB), Pakistan's third such financial institution, launched its services in 2004.  Network Micro Finance Bank is the first Micro Finance institution in Pakistan to be listed on a stock exchange (the Karachi Stock Exchange).


Introduction to JS Group


Introduction to JS Group

JS Group (Jahangir Siddiqui Group) is one of the most diversified and progressive financial services groups in Pakistan. JS Group controls and operates market-leading financial services companies in Pakistan. Financial services of JS Group include asset management, commercial banking, company research, insurance, investment banking, Islamic banking, micro finance, and stock brokerage.
JS Group also has investments throughout Pakistan's economy. These investments cover industrial sector, technology & media sectors, commercial real estate, energy & natural resources. JS Group has it’s headquarter in Karachi.

History of JS Group
JS Group is the result of endless struggle and vision of Mr. Jahangir Siddiqui. JS Group was formed four decades ago in 1971. He formed JS Group with a vision to serve the growing nation of Pakistan.


Business Sectors
JS Group have five vertical businesses. These are JS Industrial, JS Infocom, JS Property, JS Resources and JS Transportation.  Each sector offers attractive long-term investment proposition in Pakistan. The diversification across these sectors allows JS Group to take a long term approach to investing in and building its businesses.Main business sectors of JS group are:
  • JS Financial
  • JS Industrial
  •  JS Infocom
  • JS Property
  • JS Resources