11th Feb, 2019: Striving to build a prominent and progressive image of Pakistan on the international stage, JS Group hosted a talk with Adm. (R.) William A. Owens, Former Vice Chairman – US Joint Chiefs of Staff. After retiring from the military, Adm. Owens served as Chief Executive Officer of multiple blue-chip companies. He is also present on the boards of corporations such as Intelius, Polycom Inc., Daimler Chrysler and others.

The session was held with a diversified group of individuals from various segments of society including the corporate and business sectors, former military officers and key stakeholders from the public service domain. The event was hosted by Ali R. Siddiqui –  JS Group in Karachi and present at the occasion was Sohail Aman-Former Chief of Air Staff, Pakistan Air Force amongst others.

The Admiral shared his views on the evolving relationship between Pakistan and the United States including possible strategic synergies between the two countries. Expounding that Pakistan contains humanistic, technical and commercial resources which are in high demand on the global stage; he said that there are numerous long-term growth opportunities which await people with the right vision to tap them.

Speaking at the occasion, Ali Raza Siddiqui expressed his views that non-traditional communication channels are key to building deep and cohesive relations. He emphasized that people to people connections lay the groundwork for future success. Thanking the Admiral for gracing the event, he expressed hope these interactions will bring about greater understanding on both sides of the ocean.

The guests appreciated the initiative undertaken by JS Group and expressed interest for further such interactions in the future.

JS Group hosted a talk by Adm. (R.) William A. Owens, former Vice Chairman US Joint Chiefs of Staff. The session was held with a diversified group of individuals from various segments of society including the corporate and business sectors, former military officers and key stakeholders from the public service domain.

JS Global Capital (JSGCL), Pakistan’s leading brokerage and investment banking firm, organized the third of its kind Pakistan Investment Conference 2018 from 25-27 June 2018 in the United States.

The high-powered delegation included Kamran Nasir -CEO JS Global Capital Ltd, Khalid Mansoor- Member Overseas Investors Chamber of Commerce (OICC), Ehsan Malik – CEO Pakistan Business Council, Richard Morin – CEO Pakistan Stock Exchange and Sulaiman Mehdi – Director Pakistan Stock Exchange.

Comprised of representatives from business advocacy platforms such as Overseas Investors Chamber of Commerce and Industry (OICCI) and Pakistan Business Council (PBC), the delegation included corporate entity heads and senior management from many leading Pakistani companies including Engro Corporation (ENGRO), Hub Power Company (HUBC), United Bank Limited (UBL), MCB Bank Limited (MCB), Meezan Bank (MEBL), JS Bank (JSBL), DG Khan Cement (DGKC), Fauji Fertilizer Bin Qasim (FFBL), Fauji Foods, (FFL) and AGP Limited (AGP).

Aimed at encouraging foreign investment in Pakistan, these corporate representatives met with leading global asset managers to share current performance and future strategy reports. Meetings were also held with key officials from the US State Department and US-Pakistan Business Council at US Chamber of Commerce. Furthermore, the delegation engaged with a multi-cultural audience at the Woodrow Wilson International Center in Washington.

In the course of these meetings, the conference partners identified a wide range of investment areas in the domestic economy where Pakistan and the US can mutually collaborate to significantly strengthen their bilateral economic ties. The visit by the delegates was well-received by both the US government and corporate sector.

During these interactive discussions, potential trade and investment partners reflected on the fact that the implementation of the China Pakistan Economic Corridor (CPEC), has also led to considerable demand for machinery, agriculture, e-solutions and water storage solutions

An in-depth report on Pakistan-USA bilateral economic ties and potential growth sectors in Pakistan was circulated to US policy makers, think tanks and other commerce stakeholders, which was greatly appreciated by all the stakeholders.

Emphasizing the need to strengthen economic ties between both countries, and continuing the rich historical relationship between Pakistan and the US, conference participants pledged to work together for a positive outcome. An encouraging outcome of these sessions was the acknowledgement that continuing foreign investor confidence backed by reduced risk of loss in the capital market, political stability and improved security scenario has resulted in a boom for the domestic consumer market.

The conference was heavily followed by local media wherein JSGCL’s role in portraying a more constructive view of the nation on the international stage was appreciated. Coverage of the event was also broadcasted on various channels in Pakistan and US.

In conclusion, this engagement is expected to further increase the current all-time high trade between Pakistan and US and increase the country’s Foreign Direct Investments as well.

Caption: Pakistan delegation as part of the Pakistan Investment Conference 2018 visits the US Chamber of Commerce to mutually collaborate and significantly strengthen the existing bilateral economic ties.

June 21^st, 2018: JS Global Capital Limited – Pakistan’s largest and premier Brokerage and Investment Banking firm has once again taken the lead in presenting Pakistan’s economic growth story to international investors by organizing the Pakistan Investment Conference 2018 in Washington and New York. Starting from June 25, 2018. This event follows the highly successful Pakistan Investment Conference – New York held last year.

The objective of the conference is to highlight Pakistan, its economy and corporate sectors amongst foreign investors and present a positive national narrative on the international stage. This conference aims to pitch Pakistan as one of the most attractive investment destinations amongst the Emerging Markets Class.

A high powered delegation led by Mohammad Zubair, H.E. Governor of Sind, Richard Morin, CEO PSX and Kamran Nasir, CEO JS Global Capital Limited will be travelling to Washington DC to inaugurate the session.

Commencing with meetings with United States Treasury and State Department representatives, the conference will continue the next day with meetings with US Pakistan Business Council and discussions at the Woodrow Wilson International Center for Scholars. On June 27, the conference will move to the financial capital New York City, where JS Global has arranged exclusive meetings with selected US investors.

An example of the scale of this event is reflected in the fact that the Chief Executives/Chief Financial Officers of over 10 listed companies will attend the Pakistan Investment Conference to showcase their companies’ profile, performance and future plans to major US Investors for both foreign portfolio and direct investment. JS Global with its US partners has arranged an extensive and exhaustive meeting line-up for these corporate representatives to help portray the investment potential of Pakistan. These investors include the Global Top Asset Managers with trillions of dollars under management.

JS Global along with its US partner Rosenblatt Securities, Inc, one of the top Institutional Brokerage and Advisory Firms in the US will jointly host this conference. The list of Pakistani corporations attending the conference is United Bank Limited (UBL), MCB Bank Limited (MCB), Engro Corporation (ENGRO), Hub Power Company Limited (HUBC), DG Khan Cement (DGKC), AGP Limited (AGP), JS Bank (JSBL), Fauji Fertilizer Bin Qasim (FFBL), Fauji Foods Limited (FFL), Meezan Bank (MEBL) amongst others.

By undertaking such initiatives, JS Group is working to promote a positive image of Pakistan onto the international stage.

Karachi – 21^st May, 2018: The Mahvash & Jahangir Siddiqui Foundation (MJSF), a not-for-profit organization working in the fields of education, healthcare, disaster relief and sustainable social development has been recognized for its charitable efforts by the Royal Danish Embassy. To mark the occasion, a shield was presented to Ali Charanya, Chief Operating Officer (COO) – MJSF by H.E. Rolf Michael Holmboe – Danish Ambassador to Pakistan.

Founded in 2003, the foundation is a major donor to philanthropic causes in Pakistan. MJSF has partnered with international organizations including the United Nations, World Wildlife Fund, UN Habitat for Humanity, Oxfam, World Food Authority, Disaster Management Authority etc. Focused on long-term sustainable projects, the organization has established the JS Academy for the Hearing Impaired, a center for Autism and is inaugurating a state of the art hospital at Sehwan Sharif, Sindh.

Speaking at the occasion, the Ambassador of Denmark, H.E. Rolf Holmboe stated, “MJSF is a shining example of true corporate social responsibility. I am very pleased that a major business conglomerate such as JS has undertaken such a major philanthropic venture. JS Group has set a high benchmark and I hope that other large corporates will do the same and engage in making their country a better place for all”.

After receiving the award, Ali Charanya, COO – MJSF said, “It is an honor for MJSF to be appreciated by the Royal Danish Embassy. We are grateful to the Ambassador for reviewing our efforts and commending us for the same. We are committed to serving the underprivileged across Pakistan and will continue to live up to our pledge to promote economic development, enhance the dignity and quality of life of individuals, families and communities, eliminate barriers to opportunity and help those in need.”

This recognition follows the receipt of an award given to Ali Raza Siddiqui, Chief Executive Officer (CEO) of MJSF by Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, UAE for his remarkable contribution to philanthropy at an annual award function organized in Dubai.

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About MJSF:

The Mahvash and Jahangir Siddiqui Foundation is the charitable arm of JS Group. A non-profit organization, the foundation works in the fields of healthcare, education and social enterprise through sustainable development to underprivileged members of society with a special focus on women, minorities, children and differently abled individuals. Foundation’s goal is to promote economic development and to enhance the dignity and quality of life of individuals, families and communities by eliminating barriers to opportunity and helping people in need reach their fullest potential. For more information, please visit http://mjsf.org/portal/

Picture Caption: Ali Charanya – Chief Operating Officer of Mahvash and Jahangir Siddiqui Foundation receiving an award from H.E. Rolf Michael Holmboe – Danish Ambassador to Pakistan in recognition for the foundation’s charitable efforts in the fields of education, healthcare and sustainable social development.

17^th April – Karachi: Romina Alam Khan, Parliamentary Secretary for Climate Change visited the Central Offices of JS Group to meet with officials from JS Bank and the Mahvash and Jahangir Siddiqui Foundation (MJSF).

As per the Global Climate Risk Index 2018 report, Pakistan is ranked as the 7th most vulnerable country to global warming and climate change. In view of the country’s increasing vulnerability to adverse climate change, discussions were held on how JS Group and in particular JS Bank and MJSF can work together with the Ministry of Climate Change, to boost climate adaptation action and limit the impact of global warming. “Effective and continual climate action is the need of the hour.” said Imran Shaikh, Head of Marketing and Brand Management for JS Bank. Ali Charanya, COO of MJSF agreed that urgent steps must be taken in this regard and that MJSF is already working towards this end goal.

Appreciating the efforts of JS Group on the environmental front, Parliamentary Secretary Romina Alam stated that, “JS Group is amongst the few conglomerates of Pakistan who have undertaken sustained corporate social responsibility programs. I look forward to collaborating with the Group on climate change management.”

JS Bank is at the forefront of introducing environmentally and socially responsible banking solutions in Pakistan. This includes the conversion of branches on to solar power as well as implementation of the Green Office initiatives in partnership with the World Wildlife Fund (WWF) through reduction of waste generation and power usage. MJSF is also working with communities across the nation to mitigate the impact of climate change in underprivileged areas as they are at greater risk due to changing weather patterns and natural disasters.

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About JS Bank:

JS Bank is one of the fastest growing banks in Pakistan, with 323 branches in 161 cities nationwide. It also has an international presence and is a leading player in the digital banking space. JS Bank has received the prestigious award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards 2017. The Bank is part of JS Group, one of the Pakistan’s most diversified and progressive financial services group. For more information, please visit http://www.jsbl.com.

Caption: Parliamentary Secretary for Climate Change, Romina Alam Khan met with JS Group officials including Imran Shaikh, Head of Marketing and Brand Management-JS Bank and Ali Charanya, COO of Mahvash and Jahangir Siddiqui Foundation for discussions on climate change management.

20^th April, 2018 – Jhimpir: JS Energy, a subsidiary of JS Group, in collaboration with its local and international partners successfully inaugurated a 50 MW wind farm under the name of Hawa Energy (Private) Limited. The launch of this wind farm has brought Pakistan’s total wind generation capacity to over 800 MW.

Located at the Gharo-Jhimpir wind corridor, the project was undertaken by a joint partnership of JS Energy, which provided project management and financial backing in association with Hawa Investments, Daelim Energy, Asma Capital and JCM Power. The project is also funded by Overseas Private Investment Corporation (OPIC), a US government agency. The project’s execution was undertaken by Power China, a Chinese EPC contractor using 29 x 1.715 MW General Electric (GE) advanced wind turbines.

Speaking at the occasion, Farman Lodhi, Chief Executive Officer-Hawa Energy said: “This is an exciting moment for us and we are proud of the collaborative efforts undertaken by all stakeholders to make this dream come true. All 29 turbines are now online and are feeding power into the national grid to meet the needs of more than 20,000 households.”

Sharing his thoughts, Bruno Bucari, Chairman-Hawa Energy said: “This is a moment of joy for all of us and has significant emotional value to me as my idea of transition from fossil fuels to Clean Energy has become a reality with the completion of this project. Congratulations to each individual who worked on this project for their dedication and commitment. I would also like to extend my gratitude to all the stakeholders who came on board and supported this project all the way. I look forward to seeing this project bridging a part of the power supply-demand gap in the country.”

With power demands increasing rapidly across the country, Hawa Energy’s project highlights the importance of the private sector in increasing electricity generation capacity and boosting renewable energy generation.

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About JS Energy:

JS Energy is part of JS Group, one of the country’s most diversified business conglomerates with interests in the financial, energy, investment and industrial sectors.

Caption (from L to R): Inauguration ceremony of Hawa Energy 50 MW Wind Power Project. Seen here are Muhammad Ali, Director Pakistan – JCM Power, Farman Lodhi, CEO – Hawa Energy, Saeed Muhammad Khan, Director – Hawa Energy, Bruno Bucari, Chairman – Hawa Energy, Noureen Noor, Portfolio Manager – Asma Capital, Thomas Heintzman, Chief Operating Officer – JCM Power, Syed Hasan Akbar Kazmi, Director – Head of Middle East & Africa – JS Group and Emran Ahmed Khan, Regional Head (MENASA) – Daelim EMA Management

AGP Limited, a part of OBS Group, the 8^th largest Pharmaceutical Group in Pakistan successfully raised PKR 2.8 billion from foreign institutional investors, local institutional investors and the general public. The IPO was entirely managed by JS Global Capital Limited in their capacity as the Consultant to the Issue. AGP is the first public offering of a Pharmaceutical company after a gap of over 23 years and therefore would result in a significant improvement in the depth of the local pharmaceutical sector at the Pakistan Stock Exchange.

The success of the IPO can be gauged from the fact that, both Book Building and General Public Portions of the IPO received overwhelming response despite tough market conditions (Book Building portion subscribed by 160%; General Public portion subscribed by 112%). Total demand in the Book Building was received in excess of PKR 5.0 billion, whereas the same from the General Public also stood at PKR 784 million, which also rendered it as one of the largest private sector Public Offerings in Pakistan. Quality of investors in the Book Building was evident as 84% of the Offer was subscribed by Institutional Investors. One key highlight of this landmark offering was participation of the Foreign Institutional Investors (16%), which is unprecedented in recent time. This has also raised the bar for domestic companies attracting foreign institutional money.

AGP is spearheaded by a highly capable team of professionals boasting rich experience in pharmaceutical and healthcare sector, having served in large multinational and domestic corporates. The Company specializes in manufacturing, marketing and sales of pharmaceutical and healthcare products, many of which are market leaders in their respective categories. AGP has a unique combination of brands acquired from global pharmaceutical companies of international repute, as well as its own range of branded generics. In order to reach the next stage of growth, AGP has partnered with Mylan USA, the world’s second largest generic drug manufacturer. In 2016, AGP launched a hepatitis-C drug, MyHep, which is a bio-equivalent of Sovaldi. Additionally, the Drug Regulatory Authority of Pakistan (DRAP) has recently approved the pricing of a breast cancer treatment drug which is expected to provide an affordable treatment option to many, and become a block-buster drug considering the high occurrence of breast cancer in Pakistan.

The success of any pharmaceutical company greatly depends on its distribution network. In this regards, the delivery of AGP’s products, across the country, is managed by Muller & Phipps (M&P), the largest pharmaceutical distributor in Pakistan with coverage across 1,850 towns and over 32,400 pharmacies throughout the country. M&P ensures the widest and most efficient outreach for AGP’s products.

The pharmaceutical industry has been resilient over economic cycles, growing at a sustained CAGR of around 13% over the last 5 years owing to a strong population growth rate of 2% along with rising income levels. The Drug Pricing Policy has also provided pharmaceuticals with the much needed price support that was missing since the past twelve years. The industry is expected to witness strong growth well into the future due to favourable dynamics. To celebrate the successful completion of the IPO process and other formalities, management of AGP Limited had a cake-cutting ceremony, where Mr. Tariq M. Khan, Chairman AGP Limited and OBS Group, Ms. Nusrat Munshi, CEO AGP Limited, and Kamran Nasir, CEO JS Global, were present, amongst others. Trading of AGP shares at the Pakistan Stock Exchange is scheduled to commence at 9:30am, Monday, 5^th March, 2018.

Successful completion of AGP’s IPO attended by Mr. Tarek Khan, Chairman AGP along with Ms. Nusrat Munshi, CEO AGP and Mr. Kamran Nasir, CEO JS Global along with senior management of both organizations.

JS Global Capital Limited (JSGCL), Pakistan’s largest and premier brokerage and investment banking firm is hosting Pakistan Investment Conference in New York, United States of America. This follows JSGCL’s successful investment conference held earlier this year in London, which supported Pakistan in achieving the Emerging Market status by Morgan Stanley Capital International.

The objective of the Pakistan Investment Conference is to pitch Pakistan as one of the most attractive investment destinations amongst the Emerging Markets class. JS Global has made arrangements for the Chief Executives/Chief Financial Officers of 15 leading listed companies to attend the Pakistan Investment Conference and showcase their companies’ profile, performance and future plans to major US Investors for both Foreign Portfolio and Direct Investment by the US Investors.

A high powered delegation led by Mr. Mohammad Zubair, H.E. Governor of Sind which includes Mr. Mushahid Hussain Syed, Chairman Parliamentary Committee on CPEC alongside Mr. Muneer Kamal, Chairman Pakistan Stock Exchange and Mr. Kamran Nasir, CEO JS Global Capital Limited has arrived in New York. They will inaugurate the Pakistan Investment Conference on October 31, 2017 in the heart of Wall Street, the New York Stock Exchange.

These Pakistani corporations make up most of the MSCI Emerging Markets cluster while representing about 90% of the market capitalization of the Pakistan Stock Exchange (PSX). Foreign investors currently hold interest in about 30% of the free float of PSX.

JS Global with its US partners has arranged an excellent line up of meetings for these companies with some of the largest investors in the US to help portray the investment potential of Pakistan to them. These investors include global top asset managers with trillions of dollars under management. JS Global along with its US partner Rosenblatt Securities Inc, one of the top Institutional brokerage and advisory firms in the US will jointly host this conference. The conference will be a four day event with two days in New York followed by events in Boston, Chicago and Washington.

The list of Pakistani corporations attending the conference are Oil & Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL), Pakistan State Oil (PSO),  United Bank Limited (UBL), MCB Bank Limited (MCB), Engro Corporation (ENGRO), Engro Fertilizers (EFERT), Hub Power Company Limited (HUBC), Lucky Cement Limited (LUCK), DG Khan Cement (DGKC), Honda Cars Limited (HCAR), Searle Pharmaceutical (SEARLE) and AGP Limited (AGP) amongst a few others.

Ali Kazim from the National College of Arts won the Mahvash & Jahangir Siddiqui Juried Art Prize at the Karachi Biennale 2017 (KB17). The biennale exhibitions displayed various forms of art including performative and digital. In his installation for KB17, Kazim used human hair to create a three-dimensional drawing in the space. His work derives from his interest in the complexity of the human body, both in its physiognomy and as a thematic concern.

Ali Kazim was selected for the Award by three independent jurors. The jury comprised of an international cultural journalist; Ingo Arand, an international art historian and critic on modern and contemporary South Asian art; Savita Apte and one of Pakistan’s leading contemporary art collectors, Khurram Asim.

The KB17 jury convened from the 18th to 20th October, surveying over 140 works of art displayed across 12 venues in Karachi. Their judgment was based on originality of creativity, interpretation of the theme WITNESS, innovative use of material and imagination of depiction.

The Karachi Biennale is supported by JS Group as its lead partner. The group from the beginning has understood KB17’s vision to hold this special art event and put Karachi on the global art map. It ensures that the international artists and audience realize the potential of Pakistani art and its artists.  JS Group has a long association of promoting arts and culture in Pakistan.

JS Group is one of Pakistan’s most diversified and progressive financial services groups controlling and operating market-leading financial services companies in Pakistan. JS Group contributes towards Corporate Social Responsibility through its charitable arms, Mahvash & Jahangir Siddiqui Foundation and Future Trust.

Caption: Ali Kazim received the “Mahvash & Jahangir Siddiqui Juried Art Prize” from Mahvash Siddiqui, Chairperson Mahvash & Jahangir Siddiqui Foundation and Patron in Chief of Karachi Biennale Trust at the launch event of KB17.