Other Investments

Pakistan International Bulk Terminal Limited
Pakistan International Bulk Terminal Limited (the Company) was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. Subsequently, on July 11, 2011, the Company was converted as an unquoted public company limited by shares under the Companies Ordinance, 1984. The Company is in start-up phase and has not commenced its operations.

The Company has entered into a Build Operate Transfer (BOT) contract with Port Qasim Authority (PQA on November 06, 2010 for the exclusive construction, development, operations and management of a coal and clinker / cement terminal at Port Muhammad Bin Qasim for a period of thirty years which is to commence from the date of completion of construction of terminal or the date after thirty six months from the date of effectiveness, whichever is earlier, where date of effectiveness means 365 days from the date of signing of the contract.

Website: www.pibt.com.pk

Azgard Nine Limited
Azgard Nine Limited (“the Company”) is incorporated in Pakistan as a Public Limited Company and is listed on Pakistan Stock Exchange Limited. The Company is a composite spinning, weaving, dyeing and stitching unit engaged in the manufacture and sale of yarn, denim and denim products. The Company has three production units with Unit I located at 2.5 K.M. off Manga, Raiwind Road, District Kasur, Unit II at Alipur Road, Muzaffargrah and Unit III at 20 K.M. off Ferozpur Road, 6K.MBadian Road on Ruhi Nala, Der Khud, Lahore.

The main business of the Company is the production and marketing of Denim focused Textile and Apparel products, ranging from raw cotton to retail ready goods.

Website: www.azgard9.com