Mutual Funds Association of Pakistan

ASSET MANAGEMENT COMPANIES (AMCs) IN PAKISTAN

ASSET MANAGEMENT COMPANIES & INVESTMENT ADVISORS NO. OF FUNDS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NAME OF FUNDS OPEN/CLOSED END FUNDS

AKD INVESTMENT MANAGEMENT LTD.

AKD OPPORTUNITY FUND OPEN-END AKD INDEX TRACKER FUND CLOSED-END GOLDEN ARROW SELECTED STOCK FUND LTD. CLOSED-END AL MEEZAN MUTUAL FUND MEEZAN BALANCED FUND MEEZAN ISLAMIC FUND AL FALAH GHP VALUE FUND AMZ PLUS INCOME FUND AMZ PLUS STOCK FUND PAKISTAN STOCK MARKET FUND PAKISTAN INCOME FUND PAKISTAN STRATEGIC ALLOCATION FUND PAKISTAN INTERNATIONAL ISLAMIC FUND PAKISTAN CAPITAL MARKET FUND METRO BANK - PAKISTAN SOVEREIGN FUND PAKISTAN PREMIER FUND LIMITED ASIAN STOCKS FUND LTD. ASKARI INCOME FUND ATLAS INCOME FUND ATLAS STOCK MARKET FUND ATLAS FUND OF FUNDS CLOSED-END CLOSED-END OPEN-END OPEN-END OPEN-END OPEN-END OPEN-END OPEN-END CLOSED-END OPEN-END OPEN-END OPEN-END CLOSED-END CLOSED-END OPEN-END OPEN-END OPEN-END CLOSED-END

AL MEEZAN INVESTMENT MANAGEMENT LTD.

AL FALAH GHP INVESTMENT MANAGEMENT AMZ ASSET MANAGEMENT LTD.

ARIF HABIB INVESTMENT MANAGEMENT LTD.

ASIAN CAPITAL MANAGEMENT (PVT.) LTD ASKARI ASSET MANAGEMENT LTD. ATLAS ASSET MANAGEMENT LTD.

BMA ASSET MANAGEMENT LTD. CROSBY ASSET MANAGEMENT (PAKISTAN) LTD. DAWOOD CAPITAL MANAGEMENT LTD. 22 23 24 25 26 27 CROSBY DRAGON FUND DAWOOD MONEY MARKET FUND FIRST DAWOOD MUTUAL FUND FAYSAL BALANCED GROWTH FUND FAYSAL INCOME & GROWTH FUND FIRST CAPITAL MUTUAL FUND LIMITED OPEN-END OPEN-END CLOSED-END OPEN-END OPEN-END CLOSED-END

FAYSAL ASSET MANAGEMENT LIMITED FIRST CAPITAL INVESTMENTS LTD. HBL ASSET MANAGEMENT LTD.

HABIB ASSET MANAGEMENT LTD. IGI FUNDS LIMITED JS ABAMCO LIMITED 28 29 30 31 32 33 34 35 36 37 BSJS BALANCED FUND LIMITED UTP - LARGE CAP FUND UTP GROWTH FUND UTP-INCOME FUND UNIT TRUST OF PAKISTAN UTP-ISLAMIC FUND UTP AGGRESSIVE ASSET ALLOC. FUND UTP-FUND OF FUNDS UTP - A 30 + FUND KASB LIQUID FUND CLOSED-END CLOSED-END CLOSED-END OPEN-END OPEN-END OPEN-END OPEN-END OPEN-END OPEN-END OPEN-END

KASB FUNDS LIMITED MCB ASSET MANAGEMENT COMPANY LIMITED

NATIONAL INVESTMENT TRUST NATIONAL FULLERTON ASSET MANAGEMENT LTD. - NAFA NATIONAL ASSET MANAGEMENT COMPANY LIMITED - NAMCO NBP CAPITAL LIMITED NOMAN ABID INVESTMENT MANAGEMENT LTD.

38 39

NATIONAL INVESTMENT TRUST NAFA CASH FUND

OPEN-END OPEN-END

40 41 42 43 44 45 46 47 48

RELIANCE INCOME FUND PICIC INVESTMENT FUND PICIC GROWTH FUND PICIC ENERGY FUND PRUDENTIAL STOCK FUND LIMITED SAFEWAY MUTUAL FUND LIMITED UNITED MONEY MARKET FUND UNITED GROWTH AND INCOME FUND UNITED STOCK ADVANTAGE FUND

OPEN-END CLOSED-END CLOSED-END CLOSED-END CLOSED-END CLOSED-END OPEN-END OPEN-END OPEN-END

PICIC ASSET MANAGEMENT COMPANY LTD.

PRUDENTIAL FUND MANAGEMENT LTD SAFEWAY MANAGEMENT LTD. UBL FUND MANAGERS LTD.

WE INVESTMENTS MANAGEMENT LTD. 29 Asset Management Companies/Investment Advisors Managing 30 Open-ended and 18 closed-end Funds as of October 31, 2006.

Mutual Funds Association of Pakistan LOCAL MUTUAL FUNDS CREDIT RATING

OPEN-END FUNDS: CLOSED-END FUNDS:

Names of Fund AMZ Plus Income Fund Alfalah GHP Value Fund Askari Income Fund AKD Opportunity Fund Atlas Income Fund Atlas Stock Mkt. Fund Crosby Dragon Fund Dawood Money Mkt. Fund Faysal Bal. Growth Fund Faysal Income & Growth Fund KASB Liquid Fund National Investment Trust NAFA Cash Fund Meezan Islamic Fund MSF Pakistan Income Fund Pak IntL Islamic Fund - A Pakistan Stock Market Pakistan Cap Market Fund United Growth & Income Fund United Money Mkt. Fund Unit Trust of Pakistan UTP Income Fund UTP Islamic Fund UTP Agg. Asset Alloc. UTP Fund of funds.

Asset Manager AMZ Asset Mang. Alfalah GHP Inv. Mang. Askari Inv Mang Ltd AKD Investments Atlas Asset Mang. Atlas Asset Mang. Crosby Asset Mang. Dawood Capital Mang. Faysal Asset Mang. Faysal Asset Mang. KASB Funds Ltd. National Investment Trust National Fullerton Asset Mang Al Meezan Investments Arif Habib Investments Arif Habib Investments Arif Habib Investments Arif Habib Investments Arif Habib Investments UBL Fund Managers Ltd. UBL Fund Managers Ltd. JS ABAMCO Ltd. JS ABAMCO Ltd. JS ABAMCO Ltd. JS ABAMCO Ltd. JS ABAMCO Ltd.

Credit Rating Names of Fund ----ABAMCO Comp. Fund AKD Index Tracker Fund Al Meezan M. Fund Asian Stocks Fund Atlas Fund of Funds BSJS Balanced Fund First Dawood M. Fund First Cap. M. Fund.

Investment Advisor JS ABAMCO Ltd. AKD Investments Al Meezan Investments Asian Cap. Mang. Atlas Asset Mang. JS ABAMCO Ltd. Dawood Capital Mang. First Capital Inv. Ltd. AKD Investments Al Meezan Investments Arif Habib Investments Arif Habib Investments PICIC Asset Mang. PICIC Asset Mang. PICIC Asset Mang. Prudential Fund Mang. Safeway Mang. JS ABAMCO Ltd.

Credit Rating

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-Not Available

**** **** *** *****

**** ****

-***** ***** ***** ***** **** ****

Not Available Golden Arrow Stock Fund A+ JCR-VIS Meezan Balanced Fund -Pakistan Premier Fund Pakistan S.A. Fund PICIC Growth Fund PICIC Investment Fund PICIC Energy Fund Prudential Stock Fund Safeway Mutual Fund UTP Growth Fund

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--

***** ***** **** ***** *****

-A+ JCR-VIS

-Not Available Not Available Not Available

***** ***** ***

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* PACRA

+ JCR-VIS

-- On Rating Watch

MUTUAL FUNDS UP-DATE

CLOSED-END FUNDS
Paid up Cap. (Rs. Mn) Latest Funds ABAMCO Cap. Fund ABAMCO Composite Fund ABAMCO Growth Fund ABAMCO Stock Mktk Fund Al Meezan Mutual Fund Asian Stocks Fnd Atlas Fund of Funds BSJS Balanced Fund First Capital Mutual Fund First Dawood Mutual Fund Golden Arrow Stock Fund Meezan Balanced Fund PICIC Growth Fund PICIC Investment Fund Pakistan Cap. Market Fund Pakistan Premier Fund Prudential Stock Fund Pakistan Str. Allo. Fund Safeway mutual Fund Tri-Star Mutual Fund Latest 2,029 3,295 276 875 980 900 525 1,186 150 500 351.2 1,200 1,575 2,847 1,500 1,477 60 3,000 454 50 FY05 Outstanding (Shares mn) 202.94 330 28 88 98 90 53 119 15 50 70.23 120 158 284 149.8 148 6 300.0 45 5 FY05 Sharesholders equity (Rs.mn) 3,029 3,390 898 1,448 1,635 833 527 1,621 143 505 626 1,277 9,047 588 1,698 2,207 14 3,202 889 N/A FY05 Total Assets (Rs mn) 3,086 3,499 916 1,467 1,742 849 534 1,702 160 547 639 1,460 9,268 6,061 1,995 2,251 16 3,715 899 N/A NAV Average FY05 (Rs) 16.69 10.39 37.19 19.15 14.13 8.47 10.48 14.15 8.77 10.10 7.89 10.22 58.86 19.96 12.22 17.01 3.47 12.04 21.33 N/A NAV (Latest) 16.70 11.64 35.30 18.12 15.81 N/A 10.03 14.99 12.07 N/A 9.25 11.71 63.39 21.36 13.70 17.01 N/A 13.18 N/A N/A FY05 PAT (Rs mn) 291.5 485.8 157.2 135.4 430.5 (19.9) 26.6 144.6 24.1 5.0 180.9 146.6 2,768.1 1,217.8 525.8 681.5 (10.0) 918.6 57.8 1.2 FY05 EPS (Rs) 1.44 1.47 5.70 1.55 4.33 (0.03) 0.51 1.22 1.61 0.10 3.25 1.22 17.00 4.29 3.51 6.54 (1.66) 3.06 1.53 0.25 FY05 DPS (Rs) 1.25 1.25 2.60 1.50 1.75 NIL NIL 1.25 1.00 4.00 1.00 3.50 3.50 3.00 1.50 NIL 2.50 NIL 0.20

OPEN-END FUNDS
Unit holders' Funds Dawood Money Mkt. Fund Faysal Balanced Fund Meezan Islamic Fund National Inv. Trust Paksiatn Income Fund Pakistan Stock Mkt. Fund United Money Mkt. Fund UTP Pakistan UTP Income Fund UTP Islamic Fund Fund (Rs mn) 1,836 1,761 2,006 61,002 3,707 2,713 3,033 3,444 1,378 947 No. of Units in issue 17 16 26 1,600 74 30 29 0.4 2.5 1.5 FY05 Total Assets 1,839 1,863 2,070 69,253 3,737 2,835 3,040 3,598 1,444 953 NAV-FY05 (Rs mn) 110 113 76 38 50 90 105 8,035 581 632 116 69 45 51 109 103 8,016 528.19 667.25 NAV (Latest) 103 PAT-FY05 (Rs mn) 171 233 598 12,113 315.81 1,172 126.02 366 130 39 EPS-FY05 (Rs) 10.24 14.95 22.74 3.55 4.67 50 4.35 855.00 52.92 25.90 DPS-FY05 (Rs) NIL NIL NIL 3.30 NIL 20.00% NIL NIL NIL NIL FY05 Bonus % 9.70% 1.25% 35.00% NIL 9.60% 50.00% 4.08% 20.00% 10.25% 10.00%

FY05 Bonus (%) NIL NIL NIL NIL 10% NIL 5% NIL NIL 10% NIL NIL 25% NIL NIL 25% NIL NIL 20% NIL

FY05 Right (%) NIL NIL NIL NIL 50% NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL

FY04 PAT (Rs mn) 595.3 21.1 106.2 321.4 261.2 3.2
Not Listed

FY04 EPS (Rs) 5.22 0.07 9.10 6.43 2.80 0.41

Not Listed

FY04 DPS (Rs) NIL NIL NIL NIL 1.00 NIL NIL NIL NIL
Not Listed

FY04 Bonus % 20% NIL 25% 25% 15% NIL NIL 12.50% NIL
Not Listed

FY04 Right % 50% NIL 100% 50% NIL 800% NIL NIL NIL
Not Listed

Avg P/E (FY05) 7.91 5.69 4.09 7.14 2.64 (238.33) 16.27 7.67 3.54 85.10 2.12 7.09 3.09 3.61 3.33 1.51 (0.84) 3.11 13.72 7.36

Price/ NAV 0.60 0.59 0.72 0.60 0.73 N/A 0.65 0.61 0.47 N/A 0.77 0.68 0.87 0.76 0.95 0.77 N/A 0.78 N/A N/A ROE 9.62% 14.33% 17.50% 9.35% 26.32% -2.39% 5.05% 8.92% 16.90% N/A 28.88% 29.60% 207.01% 30.96% 30.88% -69.62% 28.69% 6.51 N/A ROI 9.45% 13.88% 17.15% 9.23% 24.71% -2.34% 4.98% 8.49% 15.08% N/A 28.30% 28.90% 20.09% 26.36% 30.28% -61.86% 24.73% 6.43 N/A

282.7 21.1
Not Listed

3.82 1.41
Not Listed

80.1
Not Listed

3.32
Not Listed

1.75 NIL 4.50 2.50 0.83 1.25 NIL NIL NIL NIL

20% NIL NIL NIL NIL 25% NIL NIL 25% NIL

300% NIL NIL NIL NIL 50% NIL NIL 150% NIL

11.95% 10.04$

1,795.0 1,075.6 126.35 446.0 2.1

Not Listed

11.40 5.32 0.84 5.37 0.35

Not Listed

466 5.01

3.66 1.00

FY05 Right % NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL

PAT-FY04 (RS mn) 93 (32) 253 1,433 284 382 91 600 76 135

EPS-FY04 (Rs) 7.62 (1.50) 11.94 2.66 4.56 40.69 4.70 1,562 32.00 145.00

DPS-FY04 (Rs) NIL NIL NIL 2.55 NIL NIL NIL NIL NIL NIL

FY04 Bonus % 7.00% NIL 15.00% NIL 9.00% 60.00% NIL 30.00% 6.20% 17.00%

FY04 Right % NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL ROE 9.33% 13.24% 29.83% 19.86% 8.52% 43.19% 4.15% 10.64% 9.43% 4.10% ROI 9.31% 12.51% 28.91% 17.49% 8.54% 41.33% 4.15% 10.18% 9.00% 4.07%