JS Group - AbsoluteAstronomy.com

JS Group is a financial services

Financial services

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

group in Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

. JS Group controls and operates financial services companies in Pakistan. Financial services of JS Group include asset management, commercial banking, company research, insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

, investment banking

Investment banking

An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...

, Islamic banking

Islamic banking

Islamic banking is banking or banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money...

, micro finance, and stock brokerage. JS Group also has investments throughout Pakistan's economy. These investments cover industrial sector, technology

Technology

Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...

& media

Media

Media may refer to:- Communications :* Media , tools used to store and deliver information or data** Advertising media, various media, content, buying and placement for advertising...

sectors, commercial real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

, energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

& natural resources

Natural Resources

Natural Resources is a soul album released by Motown girl group Martha Reeves and the Vandellas in 1970 on the Gordy label. The album is significant for the Vietnam War ballad "I Should Be Proud" and the slow jam, "Love Guess Who"...

. JS Group has it’s headquarter in Karachi

Karachi

Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...

History of JS Group

JS Group is formed by Mr. Jahangir Siddiqui. JS Group was formed four decades ago in 1971.

Business Sectors

JS Group has five vertical businesses. These are JS Industrial, JS Infocom, JS Property, JS Resources and JS Transportation. Each sector offers long-term investment proposition in Pakistan. The diversification across these sectors allows JS Group to take a long term approach to invest and build its businesses.
JS Group is a financial services

Financial services

group in Pakistan

Pakistan

. JS Group controls and operates financial services companies in Pakistan. Financial services of JS Group include asset management, commercial banking, company research, insurance

Insurance

, investment banking

Investment banking

, Islamic banking

Islamic banking

, micro finance, and stock brokerage. JS Group also has investments throughout Pakistan's economy. These investments cover industrial sector, technology

Technology

& media

Media

Media may refer to:- Communications :* Media , tools used to store and deliver information or data** Advertising media, various media, content, buying and placement for advertising...

sectors, commercial real estate

Real estate

, energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

& natural resources

Natural Resources

. JS Group has it’s headquarter in Karachi

Karachi

. http://www.js.com/

History of JS Group

JS Group is formed by Mr. Jahangir Siddiqui. JS Group was formed four decades ago in 1971. http://www.linkedin.com/company/js-group

Business Sectors

Financial services

group in Pakistan

Pakistan

. JS Group controls and operates financial services companies in Pakistan. Financial services of JS Group include asset management, commercial banking, company research, insurance

Insurance

, investment banking

Investment banking

, Islamic banking

Islamic banking

, micro finance, and stock brokerage. JS Group also has investments throughout Pakistan's economy. These investments cover industrial sector, technology

Technology

& media

Media

Media may refer to:- Communications :* Media , tools used to store and deliver information or data** Advertising media, various media, content, buying and placement for advertising...

sectors, commercial real estate

Real estate

, energy

Energy

In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...

& natural resources

Natural Resources

. JS Group has it’s headquarter in Karachi

Karachi

. http://www.js.com/

History of JS Group

JS Group is formed by Mr. Jahangir Siddiqui. JS Group was formed four decades ago in 1971. http://www.linkedin.com/company/js-group

Business Sectors

JS Financial
JS Industrial
JS Infocom
JS Property
JS Resources

Commercial Banking

JS Group’s commercial banking activities are housed within JS Bank

JS Bank

JS Bank Limited is a subsidiary of JS Group. JS Group is progressive financial service groups in Pakistan. JS Group has dynamically expanded its business in different sectors and has introduced JS Bank Limited with various standards of banking.JS Bank Limited operates in the Commercial banking...

Limited (JSBL). JSBL puts forward range of commercial banking products and services and complete financial solutions to its clients. The services of JSBL include:

ATM
ATM
-In science and technology:*Adobe Type Manager, typeface management software from Adobe Systems Allocated*Air traffic management, synonym for air traffic control*Alternating Turing machine, model of computation used in theoretical computer science...

s, Visa Debit Cards and Tele-banking
Depository products
Fixed Income
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....

and Money Market Sales
Money Transfer services
Short & Long Term Lending
Underwriting
Underwriting
Underwriting refers to the process that a large financial service provider uses to assess the eligibility of a customer to receive their products . The name derives from the Lloyd's of London insurance market...

& Debt Syndication

Commercial banking services are making their ways to offer Visa Debit card and Internet banking very soon. http://www.js.com/commercial-banking.asp

Asset Management

Asset management at JS financial services is considered as practice of managing assets. 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 asset management companies in Pakistan with assets under management spread across various mutual fund

Mutual fund

A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...

s, pension funds and separately managed accounts. http://www.js.com/financial-asset-management.asp

Private Equity

Private equity

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

finance is an asset class consisting of equity investments in operating companies that are not listed. JS Group has a long term track record of 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

Buyout

A buyout, in finance, is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" control of the target company....

investment opportunities within sector-leading companies in Pakistan. http://www.js.com/investment-opportunity.asp

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:

Corporate finance
Corporate finance
Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...

and investment advisory services
Equities and investment research
Equities, fixed income and currencies brokerage http://www.js.com/business-financing.asp

Securities Brokerage

JS Group's securities brokerage business is run through JS Global Capital Limited (JSGCL). JSGCL is operating in Pakistan's equity, fixed income and foreign exchange

Foreign exchange

Foreign exchange may refer to:Finance* Foreign exchange markets, where money in one currency is exchanged for another* Exchange rate, the price for which one currency is exchanged for another...

brokerage markets. http://www.js.com/securities-brokerage.asp

Company Research

JS Group's research team is housed within JS Global Capital (JSGCL), which is operating in 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

Bloomberg L.P.

Bloomberg L.P. is an American privately held financial software, media, and data company. Bloomberg makes up one third of the $16 billion global financial data market with estimated revenue of $6.9 billion. Bloomberg L.P...

. http://www.js.com/company-research.asp

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. http://www.js.com/uploads/04JSGlobalAnnulalReportJune302010.pdf

Islamic Banking & Finance

JS Group launched Islamic banking

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

Commercial bank

After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...

to receive an Islamic Banking license under the new Islamic Banking policy of 2003. http://www.js.com/uploads/04JSGlobalAnnulalReportJune302010.pdf

Micro Finance

JS Group views the Micro Finance sector as an important part of its overall financial services portfolio to tap into a new market segment. Network Micro Finance Bank (NMB), Pakistan's third such financial institution, launched its services in 2004. http://www.js.com/micro-financing-pakistan.asp Network Micro Finance Bank is the first Micro Finance institution in Pakistan to be listed on a stock exchange

Stock exchange

A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...

(the Karachi Stock Exchange). http://www.networkmicrobank.com/aboutus.htm

Jahangir Siddiqui & Co. Ltd. (JS&Co)

JS&Co is one of the investment firms in Pakistan and heads financial services group. It was Pakistan’s first securities firm with a Wall Street

Wall Street

Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...

pedigree through its joint venture with Bear Stearns

Bear Stearns

The Bear Stearns Companies, Inc. based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession...

& Co. http://staging.raktrade.com/Pages/Product.aspx?ProductId=14926
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. http://www.js.com/pakistan-financial-services.asp

JS Global Capital Limited (JSGCL)

JS Global Capital Limited (formerly, Jahangir Siddiqui Capital Markets Ltd.) is one of the 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. http://www.js.com/uploads/04JSGlobalAnnulalReportJune302010.pdf http://www.allbusiness.com/banking-finance/financial-markets-investing/14092437-1.html
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. http://www.pacra.com/pressrel/JSGC_P10.pdf

JS Bank Limited (JSBL)

JS Bank is a renowned commercial bank with a host of services. JS Bank Limited has a Primary Dealer license for government securities from the State Bank of Pakistan

State Bank of Pakistan

The State Bank of Pakistan is the central bank of Pakistan. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until January 1, 1974, when the bank was nationalized, the scope of its functions was considerably enlarged...

http://www.sbp.org.pk/fscd/2010/C8.htm and is recognized as no.1 primary dealer by State Bank of Pakistan for the year 2010-2011.

History of Bank

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 has 132 branches in more than 67 cities nationwide. http://www.securities.com/Public/company-profile/PK/JS_Bank_Limited_en_2443914.html

Credit Rating of Bank

The Pakistan Credit Rating Agency (PACRA), which is Pakistan's premier credit rating

Credit rating

A credit rating evaluates the credit worthiness of an issuer of specific types of debt, specifically, debt issued by a business enterprise such as a corporation or a government. It is an evaluation made by a credit rating agency of the debt issuers likelihood of default. Credit ratings are...

agency, has upgraded the long term and short entity ratings of JS Bank to A (Single A) and A 1 (A one) respectively. http://www.pacra.com/pressrel/JSBL_P11.pdf

Retail and Consumer Banking

Retail Banking

Retail banking

Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...

at JS Bank offers products and services for both depositors and borrowers at competitive rates. Retail banking services are a group of financial services that includes installment loans, residential mortgages, equity credit loans, deposit services, and individual retirement accounts. http://www.jsbl.com/retail_banking.php?t=r

Treasury

JS Bank’s Treasury

Treasury

A treasury is either*A government department related to finance and taxation.*A place where currency or precious items is/are kept....

has evolved as an active player in the Financial Market. The Bank's client-centric treasury partner its customers in ensuring they use the financial markets to optimize their risk profile and enhance value to their stakeholders. The Treasury seeks to do this by becoming the risk solutions provider of choice, offering quality treasury products. http://www.jsbl.com/treasury.php?t=t

Corporate & Commercial Banking

JS Bank delivers financial solutions and corporate credit facilities tailored to meet the needs of every type of business and industry. It always set out to help corporate customers succeed by forging strong working relationships. http://www.jsbl.com/corporate_banking.php?t=c

Investment Banking

JS Bank’s investment banking group is pioneer of numerous landmark transactions brought to the domestic capital markets. The group’s legacy dates back to the 90’s through a closely held partnership with the then eminent Bear Stearns. More recently, the investment banking group has been an advisor and arranger to:

First 10 year corporate bond
Corporate bond
A corporate bond is a bond issued by a corporation. It is a bond that a corporation issues to raise money in order to expand its business. The term is usually applied to longer-term debt instruments, generally with a maturity date falling at least a year after their issue date...
First commercial paper
Commercial paper
In the global money market, commercial paper is an unsecured promissory note with a fixed maturity of 1 to 270 days. Commercial Paper is a money-market security issued by large banks and corporations to get money to meet short term debt obligations , and is only backed by an issuing bank or...
First ever subordinated TFC issue in Pakistan
First floating rate TFC issue
First perpetual bond
Perpetual Bond
Perpetual Bond is a Big Finish Productions audiobook based on the long-running British science fiction television series Doctor Who.The Companion Chronicles "talking books" are each narrated by one of the Doctor's companions and feature a second, guest-star voice along with music and sound...
First TFC issue with a conversion option
Pakistan’s first ever local currency Islamic Sukuk http://www.jsbl.com/investment_banking.php?t=i

JS Investments Limited

JS Investments Limited (JSIL) is the oldest and 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

Karachi Stock Exchange

The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi's Business...

and has a market capitalization

Market capitalization

Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...

of over PKR 510 million (as at June 30, 2011). http://www.jsil.com/default.do?pId=0

Mutual Funds

JSIL's mutual fund product suite provides diverse range of products under a single Asset Management Company in Pakistan. This includes funds for every investment strategy

Investment strategy

In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio...

and risk profile. http://www.jsil.com/default.do?pId=20

Pension Funds

JSIL offers two lifetime integrated solutions to address the retirement needs of these salaried professionals and self-employed individuals, so that they can enjoy a secure retirement

Retirement

Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours.Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when physical conditions don't allow the person to...

. JS Pension Savings Fund (JS PSF) has partnership with Standard Chartered Bank

Standard Chartered Bank

Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...

and EFU Life

EFU Life

EFU Life Assurance Ltd. is a life insurance company based in Pakistan. It is the largest private sector life insurance company in Pakistan.By gross written premium, EFU Life has a market share of more than 58%of private sector....

Insurance to provide integrated retirement solution. JS Islamic Pension Savings Fund (JS IPSF) is a Shariah compliant way to save for retirement needs. http://www.jsil.com/default.do?pId=20

Investment Advisory

JSIL offers customized Investment Advisory Services (IAS). Asset allocation

Asset allocation

Asset allocation is an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investors risk tolerance, goals and investment time frame.-Description:...

, diversification and a long-term focus play important role in achieving investment advises.

SMA

Separately Managed Accounts (SMA) are personalized discretionary investment portfolios tailored to the specific needs of the account holder and managed by investment professionals. A discretionary SMA allows the investment manager to buy and sell securities at his discretion as permitted by the account holder. http://www.jsil.com/default.do?pId=20

EFU Insurance Group

EFU General is engaged in the general insurance

General insurance

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and...

business, in particular fire

Fire

Fire is the rapid oxidation of a material in the chemical process of combustion, releasing heat, light, and various reaction products. Slower oxidative processes like rusting or digestion are not included by this definition....

, marine

Marine (ocean)

Marine is an umbrella term. As an adjective it is usually applicable to things relating to the sea or ocean, such as marine biology, marine ecology and marine geology...

, motor

Motor

Motor is a device that creates motion. It usually refers to an engine of some kind. It may also specifically refer to:*Electric motor, a machine that converts electricity into a mechanical motion...

, and engineering

Engineering

Engineering is the discipline, art, skill and profession of acquiring and applying scientific, mathematical, economic, social, and practical knowledge, in order to design and build structures, machines, devices, systems, materials and processes that safely realize improvements to the lives of...

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

Asia

Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...

(excluding-Japan) from 1961. In 1972, the life insurance business was nationalized but EFU continued as a general insurance company. Today, it is Pakistan’s second-largest general insurer. http://www.js.com/pakistan-insurance.asp
In 1992, the private sector was again permitted to carry out life assurance and EFU Life insurance 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. http://happystatlife.blogspot.com/2011/03/pakistan-insurance.html

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. http://www.bankislami.com.pk/about_us/
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. http://www.pakistanbanks.org/members/profiles/bipl_profile.html
The epochal idea of Bank Islami was conceptualized by Jahangir Siddiqui & Company Limited and DCD Group in late 2003. Dubai Bank

Dubai Bank

Dubai Bank is an Islamic bank based in Dubai, UAE. Launched in September 2002, the Bank became a Shari’a-compliant financial institution with a focus on the UAE’s Islamic banking sector on January 1, 2007...

was one of the founding shareholders of Bank Islami which invested 18.75% in the total Capital. http://www.bankislami.com.pk/about_us/ The State Bank of Pakistan issued a No Objection Certificate

No Objection Certificate

No Objection Certificate or popularly abbreviated as NOC is a type of legal certificate issued by any agency, organization, institute or in certain cases, an individual, that does not object to the covenants of the certificate. This certification is a requirement at most of the government-based...

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. http://www.bankislami.com.pk/about_us/

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

Calcium carbide

thumb|right|Calcium carbide.Calcium carbide is a chemical compound with the chemical formula of CaC2. The pure material is colorless, however pieces of technical grade calcium carbide are grey or brown and consist of only 80-85% of CaC2 . Because of presence of PH3, NH3, and H2S it has a...

plant. http://www.js.com/pakistan-industry.asp

Al Abbas Sugar Mills – Sugar and Ethanol

In 1991, JS invested in this sugar

Sugar

Sugar is a class of edible crystalline carbohydrates, mainly sucrose, lactose, and fructose, characterized by a sweet flavor.Sucrose in its refined form primarily comes from sugar cane and sugar beet...

and ethanol

Ethanol

Ethanol, also called ethyl alcohol, pure alcohol, grain alcohol, or drinking alcohol, is a volatile, flammable, colorless liquid. It is a psychoactive drug and one of the oldest recreational drugs. Best known as the type of alcohol found in alcoholic beverages, it is also used in thermometers, as a...

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. http://www.js.com/pakistan-industry.asp

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

OPEC

OPEC is an intergovernmental organization of twelve developing countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. OPEC has maintained its headquarters in Vienna since 1965, and hosts regular meetings...

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. http://www.js.com/pakistan-industry.asp

Telecommunication, Technology & Media in Pakistan – JS Group Investment

The telecommunication sector in Pakistan is regulated by the Pakistan Telecommunication Authority

Pakistan Telecommunication Authority

Pakistan Telecommunication Authority is Pakistani government agency responsible for the establishment, operation and maintenance of telecommunications in Pakistan...

(PTA). Eye Television Network Limited is a Pakistan-based company. The Company is engaged in operating satellite television

Satellite television

Satellite television is television programming delivered by the means of communications satellite and received by an outdoor antenna, usually a parabolic mirror generally referred to as a satellite dish, and as far as household usage is concerned, a satellite receiver either in the form of an...

channel. During the fiscal year ended June 30, 2009, Eye Television Network Limited launched Style 360

Style 360

Style 360 is an international-standard Pakistani fashion, lifestyle and entertainment television channel. Based in the cities of Karachi, Lahore and Islamabad, the channel provides news of fashion events and happenings both locally and around the globe...

, Masala TV

Masala TV

Masala TV is the first dedicated 24-hours food television channel in the world in the language of Urdu. Masala TV was launched on 22 November 2006 in Pakistan. Just after few days of its launching, Masala became a household name that was recognized all across the country and helped set the dinner...

and Hum TV

Hum TV

Hum TV is a 24-hour Pakistani entertainment TV channel based in Karachi. It is the first brand of Eye Television Network Limited, Pakistan. Hum TV began its transmission on January 17, 2005.-Serials:* Manay Na Ye Dil * Akhri Barish...

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

Pakistan Electronic Media Regulatory Authority

The Pakistan Electronic Media Regulatory Authority is a regulatory body established by Pakistan on 1 March 2002.- Functions of the 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. http://www.style360.tv/eyetv.php

Masala TV

Masala TV was launched in September 2006. Masala became a household name that was recognized all across Pakistan and helped set the dinner tables in almost all homes. http://masala.tv/aboutus

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. http://www.crmz.com/Report/ReportPreview.asp?BusinessId=10731781

JS Property

JS Property is currently developing seven commercial and residential sites in Karachi and one in Islamabad. JS Property is a holding company of JS Group. It invests in real estate projects within Pakistan and worldwide. JS Property acts as a financial partner internationally for JS Group. http://www.js.com/real-estate-pakistan.asp

JS Resources

Pakistan has deposits of 45 billion barrels of oil which can cater to energy needs for the next 300-400 years. Oil contributes more than 42 per cent to the total energy supply. Discoveries of the new oil fields in different parts of the country have raised the local production to 60,580 barrels per day http://www.indexmundi.com/energy.aspx?country=pk&product=oil&graph=production thus meeting about 23 per cent of our total requirement of about 250,000 bpd. http://www.highbeam.com/doc/1G1-17000778.html
The JS Resources strategy is to develop upstream assets of varying exploration risk. These are blended with more predictable cash flows from producing assets to give a portfolio approach to this business. http://www.js.com/natural-resources-pakistan.asp

Public Relations and Awards

In 2011, JS Bank was ranked by State Bank of Pakistan for being the No. 1 primary dealer. http://www.sbp.org.pk/press/2011/PrimaryDealers-28-Jun-11.pdf

In 2011, JS Bank organized the First ever day and night women T-20 tournament in Pakistan which was a roaring success. http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/29-Jun-2011/JS-Banks-womens-T20-tournament
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. http://www.ask.com/wiki/JS_Group

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). http://www.thefreelibrary.com/49+companies+awarded+on+best+environment+performance.-a0202498337
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. http://www.ask.com/wiki/Jahangir_Siddiqui_Group

Land Grabbing Case

A false allegation was made against Jahangir Siddiqui and his family members by Sindh revenue department. The department officials registered a case against prominent businessman Jahangir Siddiqui for allegedly illegally occupying a 1,000 square yard plot in Clifton. http://tribune.com.pk/story/87352/jahangir-siddiquis-name-in-fir-for-land-grabbing/
However, the allegations were false. according to tribune, allegations of illegal land occupation against Jahangir Siddiqui and his family are politically motivated and aim to intimidate and coerce Siddiqui to accept illegitimate demands of various politically connected persons. http://tribune.com.pk/story/88755/jahangir-siddiqui-case-politically-motivated-harassment-alleged/ A case has been filed against persons who made allegations and lodged false cases against Mr. Jahangir Siddiqui. They tried to defame Mr. Jahangir Siddiqui, his family members and bring his businesses into disrepute. http://tribune.com.pk/story/97462/defamation-jahangir-siddiqui-sues-for-rs5b/

Unauthorized Investment Transactions

In 2007, a Sri Lankan newspaper published allegations against JS Group Company (JSGCL) for unauthorized investment transactions. The newspaper claimed that it has achieved some inside information about the case. http://www.thesundayleader.lk/2011/01/02/massive-fraud-and-insider-trading-uncovered-in-pakistan/ SECP has found that the Jahangir Siddiqui Group (JS Group) is guilty of illegal stock market manipulation

Manipulation

-As underhand influence:*Crowd manipulation*Data manipulation*Market manipulation*Media manipulation*Parental manipulation*Psychological manipulation-In a physical context:*Card manipulation*Coin manipulation*Hat manipulation*Joint manipulation...

and insider trading. http://www.thesundayleader.lk/2011/01/02/massive-fraud-and-insider-trading-uncovered-in-pakistan/
The allegations said that JSGCL failed to comply with the requirement of the Notification by non-providing the required information to its shareholders in the general meetings of the Company. http://www.thesundayleader.lk/2011/01/02/massive-fraud-and-insider-trading-uncovered-in-pakistan/

Rejoinder to the Allegations by Sunday Leader

The allegations in the news item (Massive Fraud and Insider Trading Uncovered in Pakistan by Abdul H. Azeez) http://www.thesundayleader.lk/2011/01/02/massive-fraud-and-insider-trading-uncovered-in-pakistan/ were baseless and fabricated and motivated. http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/
The allegations are absolutely false, misleading and concocted and therefore emphatically denied. No contact or inquiry was ever made by any reporter before circulating this false, fabricated and motivated report. It is further clarified that Securities and Exchange Commission of Pakistan

Securities and Exchange Commission of Pakistan

The Securities and Exchange Commission of Pakistan is an autonomous body whose purpose is to develop a modern and efficient corporate sector and a capital market based on sound regulatory principles, in order to foster economic growth and prosperity in Pakistan.-History:The Securities and Exchange...

has not issued any such report or findings as alleged. JSGCL (Jahangir Siddiqui Global Capital Limited) is brokerage house in Pakistan. This story is nothing but an attempt by some rival or interested party to tarnish the image of JSGCL. http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/

Mahvash and Jahangir Siddiqui Foundation

The Mahvash & Jahangir Siddiqui Foundation

Mahvash & Jahangir Siddiqui Foundation

Mahvash and Jahangir Siddiqui Foundation is a Charitable, non-profit organization run by several board members and staff, on a gratis basis. It is a trust that operates as an entity in its own right. It is both non-profit as well as non-partisan...

was established in 2003 as a charitable, non-profit organization. Since then the foundation has been a major donor and participant in humanitarian causes in Pakistan. http://www.floodrelief.pk/js/about-mjsf.php
Mahvash & Jahangir Siddiqui Foundation is aimed to provide healthcare, education

Education

Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...

and social enterprise

Social enterprise

A social enterprise is an organization that applies business strategies to achieving philanthropic goals. Social enterprises can be structured as a for-profit or non-profit....

through sustainable development to underprivileged members of society with a special focus on women, minorities, children and disabled individuals. http://mjsf.net/portal/
The Mahvash and Jahangir Siddiqui Foundation have experience in providing humanitarian relief during three previous national disasters; Kashmir Earthquake in 2005, Internally Displaced Persons Crisis in 2008 and 2010 Floods. http://mjsf.net/portal/index.php?option=com_content&view=article&id=67&Itemid=56

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. http://www.floodrelief.pk/js/about-mjsf.php
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. http://www.floodrelief.pk/js/about-mjsf.php
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 composed of 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

Badin

Badin is the main city and capital of Badin District in Sindh, Pakistan. It lies east of the Indus River. The region is swampy, fertile for growing rice. Some oil fields are located near the town in the seasonally inundated Rann of Kutch region...

, Mirpurkhas, Thatta

Thatta

Thatta is a historic town of 220,000 inhabitants in the Sindh province of Pakistan, near Lake Keenjhar, the largest freshwater lake in the country. Thatta's major monuments especially its necropolis at Makli are listed among the World Heritage Sites. The Shah Jahan Mosque is also listed...

, Tando Mohammed Khan, Tando Allahyar

Tando Allahyar

Tando Allahyar is a town in Sindh, Pakistan. It is the capital of Tando Allahyar District.- History :...

and Mithi and the next phase will cover areas of Sanghar

Sanghar

Sanghar is a city in Sanghar District, Sindh, Pakistan. Sanghar is the headquarters of Sanghar District and Sanghar Taluka . It is one of the agriculture town situated approximately 265 km from Karachi city...

, Nawabshah

Nawabshah

Nawabshah , or Shaheed Benazirabad, is a district in the Sindh province of Pakistan. It is headquarter of Shaheed Benazir Abad District...

, Dadu

Dadu

-Places:*Khanbaliq, capital city of the Yuan Dynasty, located in modern Beijing, People's Republic of China*Dadu District, a district in Sindh, Pakistan*Dadu, Pakistan, a town in Dadu District, Sindh, Pakistan-Rivers:...

and Khairpur

Khairpur

Khairpur is the twelfth largest city in the province of Sindh in southeast Pakistan. It was founded in 1783 by Mir Sohrab Khan, who established the Khairpur branch of the Talpur clan. The settlement was selected as the seat of the Mirs of northern Sindh. It is the capital of the modern Khairpur...

districts. http://e.thenews.com.pk/9-25-2011/page18.asp
The United Nations

United Nations

The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...

(UN), the Provincial Disaster Management Authority Sindh (PDMA), the International Organization for Migration

International Organization for Migration

The International Organization for Migration is an intergovernmental organization. It was initially established in 1951 as the Intergovernmental Committee for European Migration to help resettle people displaced by World War II....

(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. http://www.dailytimes.com.pk/default.asp?page=2010%5C11%5C09%5Cstory_9-11-2010_pg5_5

International Operations

The group has offices throughout the major cities in Pakistan and manages its international operations from its London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

and Dubai

Dubai

Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...

offices. The group comprises businesses with over 18,000 employees and profit after tax of $510 million in 2007. http://www.js.com/about-jsgroup.asp

Partnerships

JS Group has grown over the last four decades partly by forging successful partnerships with international, world-class organizations and brands to develop new businesses in Pakistan.
Examples of JS Group partnerships in Pakistan include:

Allianz
Allianz
SE is a global financial services company headquartered in Munich, Germany. Its core business and focus is insurance. As of 2010, it was the world's 12th-largest financial services group and 23rd-largest company according to a composite measure by Forbes magazine.Its Allianz Global Investors...

- Insurance
Dubai Bank
Dubai Bank
Dubai Bank is an Islamic bank based in Dubai, UAE. Launched in September 2002, the Bank became a Shari’a-compliant financial institution with a focus on the UAE’s Islamic banking sector on January 1, 2007...

- Islamic Banking
Global Investment House
Global Investment House
Global Investment House : is an investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. In late 2008 and early 2009 Global was hit by cash flow problems affecting its operations in several countries...

- Securities Brokerage
International Finance Corporation
International Finance Corporation
The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....

- Asset Management
Ulker
Ülker
Ülker is a major Turkish manufacturer of food products, which are exported internationally, to 110 countries.The company's core products are cookies, crackers, and chocolates, although Ülker has expanded to other product categories....

– Food http://www.js.com/partnerships.asp

External links

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