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APPENDIX 214 .

2 Habib Bank Ltd. 6 Bank Al-Habib Ltd. (EC) 2 Al. 9 Metropolitan Bank Ltd. 11 Prime Commercial Bank Ltd. 14 Rupali Bank Ltd.A.O.A. 11 Prime Commercial Bank Ltd. 3 National Bank of Pakistan 3 National Bank of Pakistan 4 United Bank Ltd. 3 United Bank Ltd. 2 Allied Bank of Pakistan Ltd. 5 Bank Al-Falah Ltd.1: List of Scheduled Banks Operating in Pakistan As on 30th June 2000 As on 31st December 2002 Public sector commercial banks Public sector commercial banks 1 First Women Bank Ltd. 13 Rupali Bank Ltd. 2 Al. 1 First Women Bank Ltd. 18 The Bank of Tokyo-Mitsubishi Ltd.O.V. 17 Standard Chartered Grindlays Bank Ltd. 1 ABN AMRO Bank N. 15 Meezan Bank Ltd 16 PICIC Commercial Bank Ltd Foreign Banks Foreign Banks 1 ABN AMRO Bank N. 13 Soneri Bank Ltd. 12 Prudential Commercial Bank Ltd.Baraka Islamic Bank B. 14 Union Bank Ltd. 10 KASB Bank Ltd. 8 Faysal Bank Ltd.G.C. 7 Faysal Bank Ltd.Appendix 1. 14 Union Bank Ltd.V. The French and International Bank 15 The Bank of Tokyo-Mitsubishi Ltd. 14 Standard Chartered Bank 15 Societe Generale. 13 Oman International Bank S. 9 Metropolitan Bank Ltd. 19 The Hong Kong and Shanghai Banking Corporation Specialized banks Specialized banks 1 Agricultural Development Bank of Pakistan 1 Zari Taraqiati Bank Ltd.A.S. (EC) 3 American Express Bank Ltd. 2 Habib Bank Ltd. 4 Bank Al-Falah Ltd. 4 Askari Commercial Bank Ltd.G. (old ADBP) 2 Punjab Provincial Cooperative Bank 2 Punjab Provincial Cooperative Bank 3 Federal Bank for Cooperatives 3 Industrial Development Bank of Pakistan 4 Industrial Development Bank of Pakistan Micro Finance Banks 1 Khushhali Bank Micro Finance Banks 2 The First Micro Finance Bank Ltd 215 .Baraka Islamic Bank B. 16 Standard Chartered Bank 16 The Hong Kong and Shanghai Banking Corporation Ltd. 3 American Express Bank Ltd. 11 International Finance Investment and Commerce 11 Mashreq Bank psc 12 Mashreq Bank psc 12 Oman International Bank S.C. 7 Bolan Bank Ltd. 3 Askari Commercial Bank Ltd. 5 Bank Al-Habib Ltd. 4 The Bank of Khyber 5 The Bank of Khyber 5 The Bank of Punjab 6 The Bank of Punjab Domestic private banks Domestic private banks 1 Muslim Commercial Bank Ltd 1 Muslim Commercial Bank Ltd 2 Allied Bank of Pakistan Ltd. 6 Bolan Bank Ltd.S. 4 Bank of Ceylon 4 Bank of Ceylon 5 Citibank N. 6 Credit Agricole Indosuez 6 Credit Agricole Indosuez 7 Deutsche Bank AG 7 Deutsche Bank AG 8 Doha Bank 8 Doha Bank 9 Emirates Bank International PJSC 9 Habib Bank AG Zurich 10 Habib Bank AG Zurich 10 International Finance Investment and Commerce Bank Ltd. 5 Citibank N. 10 Platinum Commercial Bank Ltd. 13 Soneri Bank Ltd. 12 Saudi Pak Commercial Bank Ltd. 8 Gulf Commercial Bank Ltd.A.

(Pvt) Ltd. 5 Atlas Investment Bank Ltd. 12 Prudential Investment Bank Ltd. 2 Al-Faysal Investment Bank Ltd. 10 Lease Pak Ltd. 13 Network Leasing Corporation Ltd.Appendices 1. 9 First Leasing Corporation 10 Ghandhara Leasing Company Ltd. 4 Escorts Investment Bank Ltd. 8 Fidelity Investment Bank Ltd.. 14 Prudential Investment Bank Ltd. 4 Dawood Leasing Company Ltd. (Pvt) Ltd. Leasing Companies 1 Askari Leasing Company Ltd. 2 Capital Assets Leasing Corporation Ltd. 12 Ibrahim Leasing Ltd. 5 Bankers Equity Ltd. 10 Franklin Investment Bank Ltd.. 15 Security Investment Bank Ltd. 12 Natover Lease & Refinance Ltd. 14 Orix Leasing Pakistan Ltd. 10 Jahangir Siddiqui Investment bank Ltd. 11 Islamic Investment Bank Ltd. 17 Pak-Gulf Leasing Ltd. 6 First international Investment Bank Ltd. 13 Security Investment Bank Ltd. 13 Orix Investment Bank Ltd. 3 Crescent Investment Bank Ltd. 5 Pak-Oman Investment Company Limited 6 Investment Corporation of Pakistan 7 SME Bank Investment Banks 1 Al . 16 Pak-Apex Leasing Company Ltd. 14 Trust Investment Bank Ltd. 6 Crescent Investment Bank Ltd. 9 International Multi Leasing Corporation Ltd. 13 Inter Asia Leasing Company Ltd. 7 Dawood Leasing Company Ltd. 8 Inter Asia Leasing Company Ltd. 3 Pak-Kuwait Investment Company (Pvt) Ltd. (Pvt) Ltd. 7 Ibrahim Leasing Ltd. 3 Crescent Leasing Company Ltd. 7 Escorts Investment Bank Ltd. 5 Fidelity Investment Bank Ltd. 5 Crescent Leasing Company Ltd. 3 Pakistan Industrial Credit and Investment Corporation Ltd.Meezan Investment Bank Ltd. 8 English Leasing Ltd. Leasing Companies 1 Asian Leasing Corporation Ltd. 16 Mercantile Leasing Company Ltd. 216 . 6 Regional Development Finance Corporation 7 Saudi Pak Industrial & Agricultural Inv. 3 AlTowfeek Investment Bank Ltd. 4 Pak-Libya Holding Co. 2 Atlas Investment Bank Ltd. 2 Pak-Libya Holding Co. 11 Orix Investment Bank Ltd.1Continued List of NBFIs Operating in Pakistan As on 30th June 2000 As on 31st December 2002 Development Finance Institutions 1 National Development Finance Corporation 2 Pakistan Industrial Credit & Investment Corporation Ltd. 5 First Leasing Corporation 6 Grays Leasing Ltd. 15 Lease Pak Ltd. 11 Grays Leasing Ltd. 4 Asset Investment Bank Ltd. (Pvt) Ltd. 14 International Multi Leasing Corporation Ltd. 6 Dadabhoy Leasing Company Ltd. 8 Small Business Finance Corporation (SBFC) 9 Investment Corporation of Pakistan Development Finance Institutions 1 Pakistan Kuwait Investment Company (Pvt) Ltd. 16 Trust Investment Bank Ltd. 9 Islamic Investment Bank Ltd. 9 First international Investment Bank Ltd. 2 Askari Leasing Company Ltd. 4 Capital Assets Leasing Corporation Ltd. 17 National Assets Leasing Corporation Ltd. 11 National Development Leasing Corporation Ltd. Co. 4 Saudi Pak Industrial & Agricultural Inv. Investment Banks 1 Asset Investment Bank Ltd. 12 Jahangir Siddiqui Investment bank Ltd. 3 Atlas Lease Ltd. Co. 15 Pacific Leasing Corporation Ltd. 7 First Standard Investment Bank Limited 8 Franklin Investment Bank Ltd.

28 Saudi Pak Leasing Company Ltd.R. 31 Trust Leasing Corporation Ltd. 33 Universal Leasing Corporation Ltd. 24 Pak-Gulf Leasing Ltd.1 Continued. 30 Sigma Leasing Corporation Ltd.F. 25 Pakistan Industrial & Commercial Leasing Ltd. 20 Saudi Pak Leasing Company Ltd 21 Security Leasing Company Ltd. 32 Union Leasing Ltd. Appendix 1. 2 House Building Finance Corporation 217 . International Modaraba 6 Confidence Modaraba 1st 7 Constellation Modaraba 1st 8 Crescent Modaraba 1st 9 Custodian Modaraba 1st 10 Dadabhoy Modaraba 1st 11 Elite Capital Modaraba 1st 12 Equity Modaraba 1srt 13 Fidelity Leasing Modaraba 1st 14 Financial Link Modaraba 15 General leasing Modaraba 1st 16 Grindlays Modaraba 1st 17 Guardian Leasing Modaraba 18 Habib Bank Modaraba 1st 19 Habib Modaraba 1st 20 Hajveri Modaraba 1st 21 IBL Modaraba 1st 22 Ibrahim Modaraba 1st 23 Imrooz Modaraba 1st 24 Industrial Capital Modaraba 1st 25 Interfund Modaraba 1st 26 Islamic Modaraba 1st 27 LTV Capital Modaraba 28 Mehran Modaraba 1st 29 Modaraba Al Tijarah 30 Modaraba Al-Mali 31 National Modaraba 1st 32 Pak Modaraba 1st 33 Paramount Modaraba 1st 34 Professional Modaraba 1st 35 Providence Modaraba 1st 36 Prudential Modaraba 1st 37 Prudential Modaraba 2nd 38 Prudential Modaraba 3rd 39 Punjab Modaraba 1st 40 Schon Modaraba 41 Tri-Star Modaraba 1st 42 Tri-Star Modaraba 2nd 43 Trust Modaraba 44 UDL Modaraba 1st 45 Unicap Modaraba 46 Unity Modaraba Modarabas 1 Al-Noor Modaraba 2 Allied bank Modaraba 1st 3 Al-Zamin Modaraba 4 B. 26 Pakistan Industrial Leasing Corporation Ltd 27 Paramount Leasing Ltd. Modaraba 5 B. 22 Sigma Leasing Corporation Ltd.R. 2 House Building Finance Corporation Housing Finance Companies 1 Citibank Housing Finance Co. 19 Paramount Leasing Ltd. 22 Pacific Leasing Corporation Ltd.18 National Development Leasing Corporation Ltd. 23 Trust Leasing Corporation Ltd. 21 Orix Leasing Pakistan Ltd.R. Ltd.. Ltd. 23 Pak-Apex Leasing Company Ltd. 25 Universal Leasing Corporation Ltd. Modaraba 5 B.R. 20 Network Leasing Corporation Ltd. Modarabas 1 Al-Noor Modaraba 2 Allied bank Modaraba 1st 3 Al-Zamin Modaraba 4 B. 18 Pakistan Industrial & Commercial Leasing Ltd. 24 Union Leasing Ltd.F. 19 Natover Lease & Refinance Ltd. 29 Security Leasing Company Ltd. International Modaraba 6 Constellation Modaraba 1st 7 Crescent Modaraba 1st 8 Custodian Modaraba 1st 9 Elite Capital Modaraba 1st 10 Equity Modaraba 1srt 11 Fayzan Manufacturing Modaraba 12 Fidelity Leasing Modaraba 1st 13 Financial Link Modaraba 14 General leasing Modaraba 1st 15 Grindlays Modaraba 1st 16 Guardian Leasing Modaraba 17 Habib Bank Modaraba 1st 18 Habib Modaraba 1st 19 Hajveri Modaraba 1st 20 IBL Modaraba 1st 21 Imrooz Modaraba 1st 22 Industrial Capital Modaraba 1st 23 Interfund Modaraba 1st 24 Islamic Modaraba 1st 25 LTV Capital Modaraba 26 Mehran Modaraba 1st 27 Modaraba Al Tijarah 28 Modaraba Al-Mali 29 National Modaraba 1st 30 Pak Modaraba 1st 31 Paramount Modaraba 1st 32 Professional Modaraba 1st 33 Prudential Modaraba 1st 34 Punjab Modaraba 1st 35 Tri-Star Modaraba 1st 36 Tri-Star Modaraba 2nd 37 Trust Modaraba 38 UDL Modaraba 1st 39 Unicap Modaraba 40 Unity Modaraba Housing Finance Companies 1 Citibank Housing Finance Co.

2 National Discounting Services Ltd.1 continued Mutual Funds 1 1st ICP Mutual Fund 2 2nd ICP Mutual Fund 3 3rd ICP Mutual Fund 4 4th ICP Mutual Fund 5 5th ICP Mutual Fund 6 6th ICP Mutual Fund 7 7th ICP Mutual Fund 8 8th ICP Mutual Fund 9 9th ICP Mutual Fund 10 10th ICP Mutual Fund 11 11th ICP Mutual Fund 12 12th ICP Mutual Fund 13 13th ICP Mutual Fund 14 14th ICP Mutual Fund 15 15th ICP Mutual Fund 16 16th ICP Mutual Fund 17 17th ICP Mutual Fund 18 18th ICP Mutual Fund 19 19th ICP Mutual Fund 20 20th ICP Mutual Fund 21 21st ICP Mutual Fund 22 22nd ICP Mutual Fund 23 23rd ICP Mutual Fund 24 24th ICP Mutual Fund 25 25th ICP Mutual Fund 26 ICP SEMF 27 Investment Corporation Of Pakistan (Mutual Funds only) 28 National Investment Trust Ltd. 2 Pakistan Venture Capital Ltd. 3 Prudential Discount & Guarantee House Ltd. 3 International Housing Finance Ltd. 4 LTV Housing Finance Ltd. 4 LTV Housing Finance Ltd. 4 Speedway Fondmetal (Pakistan) Limited Discount Houses 1 First Credit & Discount Corporation (Pvt) Ltd. 29 Golden Arrow Selected Stock Fund 30 Tri-Star Mutual Fund 31 Growth Mutual Fund 32 Asian Stock Fund 33 Prudential Stock Fund 34 KASB Premier Fund 35 Safeway Mutual Fund 36 First Capital Mutual Fund 37 Dominion Stock Fund 38 Al-Meezan Mutual Fund Discount Houses 1 First Credit & Discount Corporation (Pvt) Ltd. 29 Golden Arrow Selected Stock Fund 30 Tri-Star Mutual Fund 31 Growth Mutual Fund 32 Security Stock Fund 33 Asian Stock Fund 34 Prudential Stock Fund 35 KASB Premier Fund 36 Safeway Mutual Fund 37 First Capital Mutual Fund 38 Confidence Mutual Fund 39 Dominion Stock Fund 40 Al-Meezan Mutual Fund Mutual Funds 1 1st ICP Mutual Fund 2 2nd ICP Mutual Fund 3 3rd ICP Mutual Fund 4 4th ICP Mutual Fund 5 5th ICP Mutual Fund 6 6th ICP Mutual Fund 7 7th ICP Mutual Fund 8 8th ICP Mutual Fund 9 9th ICP Mutual Fund 10 10th ICP Mutual Fund 11 11th ICP Mutual Fund 12 12th ICP Mutual Fund 13 13th ICP Mutual Fund 14 14th ICP Mutual Fund 15 15th ICP Mutual Fund 16 16th ICP Mutual Fund 17 17th ICP Mutual Fund 18 18th ICP Mutual Fund 19 19th ICP Mutual Fund 20 20th ICP Mutual Fund 21 21st ICP Mutual Fund 22 22nd ICP Mutual Fund 23 23rd ICP Mutual Fund 24 24th ICP Mutual Fund 25 25th ICP Mutual Fund 26 ICP SEMF 27 Investment Corporation Of Pakistan (Mutual Funds Only) 28 National Investment Trust Ltd. 2 Pakistan Venture Capital Ltd. 3 Prudential Discount & Guarantee House Ltd. 4 Speedway Fondmetal (Pakistan) Limited Venture Capital Companies 1 Pakistan Emerging Ventures Ltd.3 International Housing Finance Ltd. 2 National Discounting Services Ltd. 3 TMT Venture Limited 4 TRG Pakistan Limited Venture Capital Companies 1 Pakistan Emerging Ventures Ltd. 1. 218 .

National Power National Power National Power Caltex Oil Pak.614.(Pvt) Ltd.7 1.2 Feb-91 Apr-91 Jun-96 Jul-97 Oct-02 Dec-02 EMG National Group LTV Group Sh.4 6.2 364.4 230. Nahyan bin Mubarik AlNahyan Consortium of Bestway & Abu Dhabi Group Abu Dhabi Group Sale Proceeds Rs (in million) Date of Transfer Buyer Name Appendix 1.0 9.599.0 620.0 18.0 142.0 373.0 303. Shell Gas LPG Pakistan BP Pakistan & Occidental Pakistan Pakistan Oil Field Western Acquisition Western Acquisition BP Pakistan & Occidental Pakistan Attock Oil Company 563.0 782.350.3 million shares) Muslim Commercial Bank (CDC) Pakistan Oil Fields Limited shares (CDC) ICP Lot – A ICP Lot – B ICP – SEMF National Bank of Pakistan 10% shares thru stock exchange Attock Refinery Limited shares (CDC) DG Khan Cement shares (CDC) Total Total Banking & Finance: Energy Sector 18 19 20 21 22 23 24 25 26 27 28 29 1.0 664.2 28.0 369.4%) NBP (37.3 20.6 2.7 1.707. No Unit Name Banking and Finance Bank 1 2 3 4 5 6 Allied Bank Limited (51%) Muslim Commercial Bank (75%) Bankers Equity (26%) Habib Credit & Exchange (70 %) United Bank Ltd.1 120.0 516.6 2.Privatization Proceeds From I Transactions From 1991 to June 30.055.9 12. (51%) Bank Alfalah Capital Market Transaction 7 8 9 10 11 12 13 14 15 16 17 Muslim Commercial Bank (6.0 614.033.2 219 .7 32.2 Continued Mari Gas (20%) Kot Addu Power Company (26%) Kot Addu Power Company (10%) Kot Addu (Escrow A/c) SSGC LPG business SNGPL LPG business Badin II (Revised) Adhi Dhurnal Ratana Badin I Turkwal Total 102.0 787.1 681.721.0 5.0 8.4 Jan-01 Nov-01 Feb-02 Oct-02 Oct-02 Sep-02 Oct-02 Apr-03 Nov-02 Jan-03 Dec-02 MCB Employees-PF & Pension Fund MCB Employees-PF & Pension Fund Listing/Public Offer Stock Exchange Stock Exchange ABAMCO PICIC PICIC Stock Exchange Stock Exchange Stock Exchange 971.420.335.0 618.904.370.633.0 41.0 175.3 Apr-94 Jun-96 Nov-96 Apr-02 Aug-00 Oct-01 25-06-02 04-05-02 04-05-02 04-05-02 25-06-02 25-06-02 Mari Gas Company Ltd. 2003 Sr.8%) Muslim Commercial Bank (4.

4 Aug-94 Sep-94 Through Local Stock Exchange Through DR form 220 .6 33.790. Millat Tractors Ltd.972. Baluch Palace Enterprises EMG Shah Rukh Engineering EMG 105.5 1. Pak Suzuki Co. Limited Swat Ceramics (Pvt) Limited Ittehad Chemicals Pak Hye Oils Ravi Engineering Limited Nowshera Chemicals National Petrocarbon National Petrocarbon (add’l 10% shares) 756.525.610. UAE Biboo Jee Services EMG Abdul Qadir & Saleem I.558.4 306.9 2.2 1.8 63. Bolan Castings Total Cement 39 40 41 42 43 44 45 46 47 48 49 Maple Leaf Cement Pak Cement White Cement D.635.3 239.6 152.101.2 Feb-92 Feb-92 Jun-92 Oct-92 Oct-92 Dec-94 Feb-95 May-95 Jul-95 Jul-95 Jan-96 Apr-96 Jul-96 Mar-02 Schon Group Upjohn Company USA Riaz Shaffi Reysheem EMG Tesco (Pvt) Ltd.1 Jan-92 Jan-92 Jan-92 May-92 May-92 Sep-92 Oct-92 Oct-92 Jan-95 Feb-96 Feb-96 Nishat Mills Ltd.5 7.6 399. Japan Farid Tawakkal & Saleem I. Baluchistan Wheels Ltd. National Motors Ltd.7 188.0 276.9 30.9 137.9 Nov-91 Jan-92 Jan-92 May-92 Sep-92 Jan-93 Jun-93 Al-Futain Industries (Pvt) Ltd.6 150.0 22. Naya Daur Motors Ltd.3 69. Ltd.6 6. Ashraf D.2 20.8 2.National Cement General Refractories Limited Wah Cement Total Chemical 50 51 52 53 54 55 56 57 58 59 60 61 62 63 National Fibres Ltd Kurram Chemicals Pak PVC Ltd Sind Alkalis Ltd Antibiotics (Pvt) Ltd Swat Elutriation Nowshera PVC Co.Telecommunications 30 31 PTCL (2%) PTCL Total Industrial Units Automobile 32 33 34 35 36 37 38 Al-Ghazi Tractors Ltd. Mian Jehingir Ellahi & Ass Mian Jehingir Ellahi & Associates Tariq Sehgal & Associates EMG Haji Saifullah & Group Sardar M.7 38.7 836.5 21.5 27.0 18.9 527.9 110.3 24.7 20.4 172. Kapoorwala EMG (10%) 3.3 1.8 636. Sahib Sultan Enterprises Al_syed Enterprises Empeiral Group Chemi Group Tariq Siddique Associates Petrosin Products Pte Mehboob Ali Manjee Happy Trading Happy Trading 485.5 53.0 16.032. Kapoorwala Suzuki Motors Co.G Khan Cement Dandot Cement Garibwal Cement Zeal Pak Cement Kohat Cement Dandot Works .

Enkay Enterprises 1.0 21.4 187.0 24. Dawood Khan EMG Baluchistan Trading Co. Madina Enterprises 95 96 97 98 Makerwal Collieries Rice Sheikhupura Faizabad Siranwali 6.0 8. Ghee Burma Oil E&M Oil Mills Maqbool Oil Company Ltd.1.1 94.7 20.8 47.2 16.3 21. Majid & Co.2 continued 64 65 66 67 68 69 70 Engineering Karachi Pipe Mills Pioneer Steel Metropolitan Steel Mills Limited Pakistan Switchgear Quality Steel Textile Machinery Co Indus Steel Pipe Fertilizer 18.2 152.9 4. 7. Ashraf D.5 30. (10%) Total Ghee 435.586.1 28.9 May & Sep-02 Fauji Fertilizers 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 Fazal Vegetable Ghee Associated Industries Sh Fazal Rehman Kakakhel Industries United Industries Haripur Vegetable Oil Bara Ghee Mills Hydari Industries Chiltan Ghee Mills Wazir Ali Industries Asaf Industries (Pvt) Limited Khyber Vegetable Suraj Vegetable Ghee Industries Crescent Factories Vegetable Ghee Mills Bengal Vegetable A & B Oil Industries Limited Dargai Vegetable Ghee Industries Punjab Veg. Usman Sardar M. Industries EMG Al-Hashmi Brothers Gul Cooking Oil Industries Canal Associates Home Products Intl Star Cotton Corp. J.9 47.8 May-92 Sep-02 Schon Group Fauji Fertilizers Ltd. Trade Lines S.6 767. Ltd.9 23.0 27.5 31.1 Sep-92 Nov-92 Pak Pearl Rice Mills Pak Arab Food Industries 221 .1 28.0 19. Akbar Muggo Malik Naseer & Assoc.8 8.3 15.4 66.4 Jan-92 Feb-92 May-92 Jun-92 Apr-93 Oct-95 Oct-96 Jamal Pipe Industries M.4 815. Pak Saudi Fertilizers Ltd.0 64.0 10.3 55.2 46.5 26. Baluch EMG Marketing Enterprises Mehran Industries Hussien Industries 71 72 73 Pak China Fertilizers Company Limited Pak Saudi Fertilizers Ltd.1 27.2 18.2 Jul-95 May-92 May-92 Jul-92 Ghani Group of Industries Contrast Pvt Ld. Mineral Sep-91 Feb-92 Apr-92 May-92 May-92 Jul-92 Jul-92 Aug-92 Sep-92 Dec-92 Jan-93 Jan-93 Jan-93 Jan-93 Mar-93 Mar-93 Nov-97 May-99 Dec-96 Jul-02 Jul-02 Mian Mohammad Shah Mehmoob Abu-er-Rub Rose Ghee Mills Mehmoob Abu-er-Rub A.335.7 8.2 27. Packages Ltd. Treat Corporation Muzafar Ali Isani Haji A.9 13.2 Continued 99 Hafizabad 100 Eminabad 20.

272. Lahore Hyderabad Faisalabad Bahawalpur Multan Quetta Islamabad Taimuria.6 12. Karachi Multan Road.2 2.0 26.6 10. Utility Stores Corp.1 20.P.2 46. Karachi SITE. Saleem Group of Ind Hajra Textile Mills Utility Stores Corp. Azad Ahmad Utility Stores Corp.462. Utility Stores Corp.3 32.1 1.T Building Mashriq – Peshawar Mashriq – Quetta Progressive Papers Ltd.4 Jan-93 Jun-95 Jehingir Awan Associates Hamid Mirza 121 122 123 124 National Tubewell Const Corpn Duty Free Shops Republic Motors (Plot) Al Haroon Building Karachi Newspapers Sep-99 Sep-99 Nov-99 Sep-02 Through Auction Weitnaur Holding Ltd.0 147.8 3. Lahore Peshawar Head Office. Lahore Korangi.1 3.9 101.2 5.2 18.5 Jun-93 Nov-93 Mar-96 Dhonda Pakistan Pvt Ltd. Utility Stores Corp.9 39.5 235.6 11. Spot Light Printers Specialty Printers Utility Stores Corp. Mashriq – Karachi Tourism 185.3 110.5 1.7 20.5 1.2 364.6 2.4 Oct-93 Jun-95 Jan-96 May-96 Aug-96 Army Welfare Trust Syed Tajmir Shah EMG Mian Saifu-ur-Rahman EMG 130 131 132 Cecil's Hotel Federal Lodges .2 14.011. Karachi Textile 8. Muhammad Mushtaq LG Group 125 126 127 128 129 N.0 594.5 6. Afzaal Ahmad 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 Gulberg.2 86.2 Jan-92 Jan-92 Jan-92 Jan-92 Jan-92 Feb-92 Feb-92 Feb-92 Mar-92 Jun-92 Sep-92 Dec-92 Apr-93 Jun-96 Mar-98 Packages Ltd. Maktex Pvt) Ltd.0 Jun-98 Jan-99 Dec-99 Imperial Builders Hussain Global Assoc.2 90.5 270. Karachi Mughalpura.1.5 4.5 4.101 102 103 Dhaunkel Mabarikpur Shikarpur Roti Plants 79.6 9. Pakistan Railways Ambreen Industries 119 120 Quaidabad Woollen Mills Cotton Ginning Factory Total (all Industrial Units) Miscellaneous 85.4 Dean's Hotel Total Total Total upto 30-6-2003 190.6 6.1 6. Utility Stores Corp. Lahore Gulshan-e-Iqbal. Shahid Gul & Partners 222 .7 2.

(NCL) Koh-e-Noor Oil Mills 90% sale 90% sale Asset sale Asset sale Sale of shares Asset sale 223 . Faletti’s Hotel Malam Jabba National Construction Ltd. Pakamerican Fertilizer Ltd.3 List of Upcoming Transactions Company Telecommunications Pakistan Telecom Co Ltd (PTCL) Oil and Gas Pakistan State Oil (PSO) Sui Southern Gas Corp Ltd (SSGCL) Pakistan Petroleum Ltd (PPL) National Refinery Ltd (NRL) Banking and Finance Habib Bank Limited (HBL) National Investment Trust (NIT) Power 51% strategic sale Under review 51% strategic sale 5% Public Offer 51% strategic sale 51% strategic sale 26% strategic sale Type of Sale Envisaged Karachi Electric Supply Corp (KESC) Faisalabad Electric Supply Co (FESCO) Genco 1 (Jamshoro) Industry and Real Estate 51-74% shares 56% shares 51% strategic sale Pakarab Fertilizer Ltd.Appendix 1.

03 Variances SD ABL relative performance after privatization better than before or efficiency S = (1.150+ 0.187 = 0.159 + 0.332 + 0.978 2 2 2 2 2 2 X = 0.634+0.1+23.325 S = 6.356/4 = 0.2 = 171 2 X = 171/5 = 34.2+19.325/5 = 9.187 = 0.894+0.225 ) /3 = 15.14 = before/after > 1 => MCB relative performance better after priva than before or efficiency 1987 .3+16.356 2 2 2 2 2 Inputs: Total Assets: X X 2 2 X = 2.1991 MCB Before Privatization Inputs: Total Assets: X X 2 2 28.2 ) /4 = 48.159+ 0.665/0.150 + 0.3 +16.5 – 5×34.1162/4 = 0.04 = 6041.00120886 = 7995.634 +0.1999 ABL After Privatization 0.225 V(X) = 15.63 2 2 S = (1374.736184 V(X) = 0.3425 S = 3.6+28.150 + 0.03= 128 = before/after > 1 => 224 .1956 Mean 0.3 = 72.215474 V(X) = 0.2 +19.665 Variances SD S = (6041.1162 S = 0.3+45.9 2 2 2 2 X = 72.104 = 2. S = 0.215474 – 5×0.077745096 Efficiency = 9.Appendix 3.00120886 Variances SD S = (0.724+0.1990 ABL Before Privatization Inputs: Total Assets: X 2 14.56+1056.589 ) /3 = 0.0060443.894 +0.92 Variances SD 1996 .1 +23.84 Mean X = 14.95 1997 .589 Mean 0.5+36.69+2043.3425/4 = 3.34 Efficiency = 3.2 Mean 817.0060443/5 = 0.150+ 0.1 1987 .3 = 1374.1956 ) /4 = 0.736184 – 4×0.5 V(X) = 48.2001 MCB After Privatization Inputs: Total Assets: X X 2 2 0.25+1317.84/0.9/4 = 18.96+806.104 = 1.63 – 4×18.724 +0.332+ 0.4+32.

taxes. advertisment etc.Appendix 3. Law charges Postages.2 profit and Loss Account of MCB before Privatization (In rupees) 1987 Mark up/return/interest earned Mark up/return/interest expense Net mark up/interest Fee commission exchange and brokerage income Income from rent Income from sale of investment Dividend income Other income Total Income Expenses Salaries. provision for taxation Current prior year balance Balance brought farward 99200000 -51662952 151821487 93020 151914507 Transfer to reserve proposed dividend Profit for the year 143000000 8641500 237007 106000000 -8790426 129802811 273007 130075818 121000000 8641500 434318 109120593 -27120593 167621998 434318 168056316 155000000 12962250 94066 100000000 -20378294 nil 38482648 94066 38576714 25000000 12962250 nil 614464 339307 66724843 614464 67339307 67000000 146000000 16800288 1151292834 17473251 1241297577 18895479 1366716852 34816688 1554417077 40785029 1809584168 2247813441 1452592066 795221375 325688688 1950212 11632271 1988 2176215890 1323036347 853179543 355654427 2812918 12177438 1989 2269720109 1496323415 773396694 564964067 4222321 5238291 1990 2638307048 1709808151 928498897 581449453 4497900 5154139 1991 3192089572 2114270463 1077819109 659943826 5087622 25948582 637460521 74645231 5869566 23881320 150000 27463718 19664853 152246790 52300 10500000 951934299 199358535 666670339 88796728 9270198 24940754 180000 25535284 18305468 168252921 433500 11900000 1014285192 227012385 744930735 95169453 10401559 30237294 180000 25797395 22135940 175079578 22900 13140000 1117094854 249621998 987299939 95133899 7387179 35416944 180000 28794140 22007213 210947421 28400 8361000 1395556135 158860942 1048004206 137050212 11738725 39964353 180000 32755206 42405567 266627640 6936416 11197000 1596859325 212724843 225 . Auditors' fee Depreciation on and repairs to the banking company's property Stationary printing. Other expenditures Donations Contribution to staff welfare fund Total expenses Profit for the year before taxation.and provident fund Rent .lighting etc.insurance.allowances. telegrams and stamps.

723.776 589.723.532 5.124.769 736.672.272.314.038.085.144 7.799 483.454 901.076.489.704.444 40.130 292.3.122.188 7.568 6.424 296.263 7.048 601.252 153.755.909 609.753.420.459 8.739 7038834 60570 4796 1210539 852186 9.944 448.265 11.854 400.044 24.772 909.341 646.943 1.755.500 144.850 6.000 120.808.178 6004561 9750 1310748 947003 650992 -1209758 674533 399180 -210597 568950 39.944 31.216.138 28.966 10.630 5.088 944.637 243.476 806.335.999 2.190 6.124 922.034.549.990 14.366 62.544.022 257.939.248 7331623 40000 147 2101176 655164 Mark up revenue Mark up expense Net Mark up provision for diminution of investment provision for non performing loans Bad debts directly written off Total Provision and write off net Mark up after provision fee commission and brokerage income Dividend Income Income from dealing in foreign currency Other Income Total Income Administration Expenses Other provisions Other Charges Profit Before Taxation taxation current taxation prior years taxation deffered Net profit 16.062 7130724 30000 36725 1321795 1083048 -213126 149200 734729 35280 1108176 226 .045 158.137 701.994 687.838 1.968 6.290 871.897 9.321 868.614 8.259 888.804 1.267.245 633.238.585 46.131.263 8.140 7.2 continued Muslim Commercial bank Limited Profit and Loss Account for after Privatization 1997 1998 1999 2000 2001 17.680 6.248 5933700 243744 311016 1234788 957720 44457 296385 238782 17.885.790 5.517.272.007 7.064 1.099.988 15.

2 (cont) Profit and Loss Account of ABL before privatization 1986 Total Interest Revenue Interest Expense Net Interest Revenue Other Income Commission & Fees Trading Securities Gain (Loss) on Foreign Exchange Other Income Total Income Administrative Expense Other Charges Provision against non-performing Loans Total Expense Income before tax Taxation Net Income 379794239 65003843 27500000 37503843 458327359 83058444 36900000 46158444 536100485 83172267 33100000 50072267 609980563 87006711 33900000 53106711 838246213 102174899 41000000 61174899 10315 444798082 282662261 97131978 68780 541385803 340302646 118024713 69790 619272752 387823052 148277433 69240 696987274 435498471 174482092 71678 940421112 594191960 244054253 1987 1988 1989 1.Appendix 3.297E+09 880659595 416386869 29232428 249592030 1706707 1990 1655157873 1103412084 551745789 72855506 315015340 732799 899898667 1020801001 1097194673 564044272 335854395 20302837 87502786 1127749 630851921 389949080 25019267 123822301 2526375 685760943 411433730 39463680 163577339 4728213 227 .

728.048 405.768.396 491.313.000 4.692.953.098 60.Appendix 3.229 1.130.466 2.449 795.185.102 13.847.869 515.639.242 564.918.131) 3.971 769.053 387.699 32.000 19.170 710.220 3.238 3.997 1.036 3.001 736.310 755.019.933 3.757.004 1999 7.089 426.059.592 150.440 128.746 1.426 358.544 3.000 3.731 361.703 233.664 - 1998 6.024 971.956 1.287.172.2 Continued P/L Accounts for ABL After privatization (Rs.766 15.000 69.081.453 1.762 71.718 3.060 5.457 3.860 3.700 28.000) 1996 Total Interest Revenue Interest Expense Net Interest Revenue Other Income Commission & Fees Trading Securities Gain (Loss) on Foreign Exchange Other Income Total Income Administrative Expense Other Charges Provision (write backs) against non-performing Loans Total Expense Income before tax Taxation Net Income 3.784 4.432 6.172 890.592 228 .869 164.802.572 3.534.960.889 128.524.772.033.322 1.703 1997 5.444 169.694.006 334.396.026.004 (53.554 10.289.

Other Liabilities Deposits and Other Accounts Total liabilities Shareholders Equity Issed.Agents &cos.000) 1987 cash at hand.2 Continued Balance Sheets MCB Before Privatization (Rs. state bankand national bank Balance with other banks Money at call and short Notice Total current Assets Investments ( at cost less provisions) Advances Total Intermediate assets Other Assets PremisesLess depreciation Furniture and Fixture less depreciation Other Assets including Silver Total Assets Liabilities and Equities Bills Payable Borrowings from other banks.Appendix 3.subscribed and paid up capital Reserve funds and other Reserves Profit brought forward Total Owner Equity Total Owner Equity and Liabilities 27394075955 576100000 669000000 273007 1245373007 28639448962 27006327099 576100000 790000000 434318 1366534318 28372861417 30977713324 576100000 945000000 94066 1521194066 32498907390 34747154429 43587867275 576100000 970000000 614464 1546714464 576100000 1037000000 339307 1613439307 533829981 2493654554 1775054031 22591537389 563123045 2616457444 1927313471 21899433139 687304838 2836566755 2128948269 25324893462 744181555 4049496898 2262969083 1026787023 4294052888 3237875029 55312919 101160251 1358472917 1514946087 28639448962 59417220 94206545 1384889117 1538512882 28372861417 57450541 88275453 1767546896 1913272890 32498907390 80890561 93511494 2139815304 2314217359 36293868893 45201306582 91853293 97991533 2789395113 2465981998 445612685 1265014411 4176609094 9837276759 13110617022 22947893781 1988 2417589203 393587553 1375497489 4186674245 9551587434 13096086856 22647674290 1989 2596318960 239004890 1210555383 4045879233 10991438501 15548316766 26539755267 1990 3191937581 839288900 273789665 4305016146 1991 5657745448 800016063 1716640000 8174401511 10687540848 13047284777 18987094540 21000380355 29674635388 34047665132 27690506893 35029152335 36293868893 45201306582 229 .

839.999 147.432.113 2.910 255.060 1.2 continued MCB balance Sheets for after privatization 1997 Assets Cash Balance with other banks Money at Call and short Notice Total Current assets lending to Financial Institutions Investment -net Advances -net Total Intermediate term Assets Capital work in Progress Operating Fixed Assets Other Assets Deffered Tax Assets Total Assets Liabilities and Equities Bills Payable Borrowing from Financial Institutions Deposits and other Accounts Other Liabilities Total liabilities Share holders equity share Capital Reserves Unappropriate profit Surplus on revaluation of Assets 1.277.659.365.372 150.655 14.328.267 144.203.219 864.110.716.837 10.322.213.394 12801142 548.562.954 17669913 3603458 9398536 30.701 1248694 4786395 150.907 17.855 2.168.725.757 1820541 2092453 1161 3914155 1188958 5.138 149.592.646 11.814.677 3.094 43.202.986.391.022 187.013 51.178 8.500 187.780 158584818 332.831 13559218 788.980 283.109.585.359.140 2.541 1.725.906 220.394 145.589 15.541 1.103.529.803.789.751 10.920.470 14.989.891.743 7.478 20.308.080 3.073 5.671.519 55.757.887.413 21259900 3.470.366.980 9.947 86.773 387 3.460.138 1.637 57.820.451 8.488.041.901.946.559.057 5292910 8780541 9072090 7.900.544.400.753 12571424 4.320 158584818 174.715.624 154.609 1.180 130336164 135.820.895.689 1998 1999 2000 2001 120.746 62.467 3.998 124.990.630 3.095.757 58.580.285 122.438.119 180.819 7.443 16.285.139 24.278.081 467.428.055.235 76.460 4.097.537.962 6.675 8.670 1.286 1.980.483.743 2.356 13.604.416 4.025.871 140.095.361 45609297 67432574 50828 3479458 11340754 3.164 123.Appendix 3.700 149.216.890.055.063 230 .940 4.618.224 113.852.055 8.423.611.094.122.821.147 153481705 169.807 8.136 3.834.728 64.205 9.185 4.796.

Appendix 3.2 continued Balance sheets for ABL before Privatizations Assets Cash on hand Balance with other banks Money at call and short notice Total Current Assets Investment at cost Advances Premises Furniture and Fixture Other Assets Total fixed Assets Total Assets Liabilities Deposit and other accounts Borrowing from other banks Bills payable Other Liabilities Total Liabilities Capital Issued and subscribed capitals Reserve fund and other reserve Reserve for issue of bonus share Profit Total Capital Total Liabilities and capital 1986 876138336 909345059 11400525 1796883920 3101518341 5616120702 18477295 52344244 862905791 1987 989431736 1067620126 67268386 2124320248 5191386024 6054814297 22431630 61598638 860267475 1988 1220635306 912403861 2183039167 7237633698 5490507467 26387790 69652125 1203617884 1989 1535541904 1694064913 3229606817 6424756884 25224955 81576358 1298241778 1990 1788480216 1073291193 400000000 3261771409 7268407105 25653330 104992195 1542675683 50000000 nil 8087814754 11115241689 9651366373 12190498064 14027798964 15917614729 20056970002 11448250293 14314818312 16210838131 19147221546 23318741411 10058018097 12337440831 14571231598 16637511090 19824866983 254785209 153967210 769329231 373896644 344105532 898006315 422354421 262506866 576403989 694742342 361060586 1056359560 1218670343 588109953 1269371265 11236099747 13953449322 15832496874 18749673578 22901018544 132267725 77800000 1992150 90671 212150546 272227725 87100000 1992150 49115 361368990 272227725 104100000 1992150 21382 378341257 272227725 123300000 1992150 28093 397547968 272227725 143500000 1992150 2992 417722867 11448250293 14314818312 16210838131 19147221546 23318741411 231 .

073.429.147 62.062.084.938.913.589. 000) 6.231.357 872. 000) 8.750 3.713 1997 (Rs.650 1998 (Rs.358.261 1.774.156 1.2 continued Balance sheets for ABL After privatization 1996 ASSETS Cash in hand and with State Bank and NBP Balance with other banks Money at call and short notice Total Investments (Rs.840 450.163 1.605.904 5.167. 000) 7.418 72.949.715 950.936 103.937 1.588. 000) 7.156 452.156 1.575 1.766.331 Total Loans and Advances (net of provisioning) 32.914.110 LIABILITIES & OWNER'S EQUITY Total Deposits Borrowings Bills Payable Other Liabilities total liabilities Paid up capital Reserves total owner's equity 55.926.000 20.331 232 .151 2.232 1.450 106.358.730 6.403.001.627 15.193 1.403.878.687 72.558 802.926.598 70.262 1.192.906 89.699 36.766 55.719.646.650 76.166 89.167 93.488.179 2.757.800 4.367 1.389.263.470 42.269 1.601.012.243.552.063.491 2.627.440 86.541.395 63.291 7.919.439.439.294 3.Appendix 3.153 6.316.110 63.395.619 8.000 25.107.796 100.334 63.762 3.356.515.167 1999 (Rs.888.063.193 548.337 1.195.510 300.144.598 1.263 Fixed Asset Other Assets 901.517 1.741.487.709 4.380.959.045 11.797 438.063.000 26.049.896.015.055 106.881 1.

5060183 Rs. 555541 Rs. 114367602 Rs. 3996700 Rs. 117718301 Rs. 85979751 Total Assets Net Income Interest Margin EBT Provision Net Charge Off Rs. 667092 4759680 RS. 160852206 2002 Rs. (840317) Rs. 74156421 Rs. 5531202 Average Deposit Total Loans Rs. 6726604 Rs. 106710654 Rs. 134961054 Rs. 000 2001 Rs. 54222928 Rs.1645497 Rs. 183003466 1414306 5778566 Rs. 129679245 Rs. 78492649 Rs. (7477876) Rs. 2690949 1710380 Rs. 105247148 Rs. 851958 Rs. Rs. Rs. Rs. 8626252 Rs. Rs. 113187063 Rs. 48468324 Source: Annual Reports of UBL for 1997 to 2002. 507058 2765878 Rs.3. 147130367 Rs. 154716101 Rs. (6600551) Rs. (18531434) Rs. 61238410 Rs. 154914619 Rs. 786408 Average Equity Rs.101491125 1999 2000 Rs. 2731308 Rs. 233 . 352985 Rs. 74117401 Rs. 1488083 Rs. 887222 Rs. 117287577 Rs. (5741086) Rs. 127133204 Rs. 160572595 Rs. 1526964 Rs.2 continued Financial Statement of UBL UNITED BANK LIMITED 1998 Earning Assets Rs. 511950 Rs. 139991644 Rs. Rs. In. 1253058 Rs. 865498 Rs. 5866362 Rs.

29 26 26.35 1997 1998 1999 2000 N.22 99.24 After privatization 1997 1998 1999 2000 262810 342355 386539 421850 13610 12858 12557 12133 1997 1998 1999 2000 2001 23. 1 92 91 91 operating cost as % of Total Income/ per unit of year Total s Income/Revenue Revenue for Rs.52 28.71 After privatization 97 97 96 1 1 1 After privatization 1988 1989 1990 29.07 95 95 93 92 89 1 1 1 1 1 1997 1998 1999 2000 2001 22.47 26. of employees year In Rupees Per Annum s 198 6 198 7 Data is not available in the reports 198 8 198 9 199 0 After privatization 199 7 199 8 199 9 Dta is not available in the reports.A 200 1 N.02 26.49 22.Appendix 3.A 2001 N.2 a: ABL before privatization b: Staff Cost % Total Income/Revenue Revenue for Rs. Of Employees d Staff cost P/U of Operating cost % ABL before privatization c: Staff Cost per employee No.14 23.79 28.23 2001 445976 11614 Source: Calculated from annual reports for the said periods.3 27.65 98 99.24 26.25 C years 1987 1988 1989 1990 1991 No.6 29.72 27.A 1990 1991 After privatization 1997 1998 1999 2000 2001 MCB before privatization Staff Cost per employee 95 95 1 1 1990 1991 30.51 28.07 24.32 27. 1 years t/income/Revenue 198 6 96 1 1986 28 198 7 96 1 1987 29 198 8 198 9 199 0 199 7 199 8 199 9 200 0 N.85 32. 200 0 200 1 In Rupees Per Annum 49627 52556 57791 76511 80423 After privatization 12845 12685 12890 12904 13031 1987 1988 1989 1990 1991 26. 234 .3 MCB before privatization A: Transaction Cost of MCB b Staff Cost % Transaction Cost of Allied Bank Of Pakistan operating cost as % of years 1987 1988 1989 Total Income/ per unit of years t/income/Revenue 1 1 1 1987 1988 1989 24.38 30.A 24.5 31.33 28.

48 4E+06 4E+06 3978679 1998 provison T/Advances % 6.16 5E+06 9.9E+07 6.008 4063386 (Rupees.55 1999 provison T/Advances % 7.1E+07 provision for advances/loans as a percentage of total loans/advances.7E+07 1998 1.27 1997 0.03 5.000) 2000 provison T/Advances % 5.3E+07 7.95 4E+06 1999 0.3 Particulars of provision against Non performing Advances for after privatization of MCB (Pakistani Rupees '000) 1997 Provision Opening Balance Exchange adjustment Change for the Year Amount written off Reversal Intertransfer Closing Balance Provision against Advances to bank Advances to others 1997 provison 4306550 T/Advances % 6.07 5.68 2000 0.Appendix 3.1E+07 2001 0. Specific 4306550 3482 144000 -331134 -144219 -566000 566000 3412679 566000 4E+06 3978679 3497386 566000 4063386 4054778 566000 General Total 4E+06 4944 806252 -691648 -1656 Total 3482 144000 -331134 -144219 -5643 -102 1998 Specfic 90452 4306550 3412679 1999 General Total 566000 90452 2000 Specific General Total 566000 99593 1024305 -5643 -144000 -102 -422506 99593 -144000 -422506 503702 4620778 6190556 -503702 62298 6252854 3978679 3497386 2001 Specific -14564 -58304 General Total 566000 4620778 -14564 1704944 -58304 4063386 4054778 1024305 1704944 Percentage of written off against T/advances 235 .08 6252854 2001 provison T/Advances % 8.

05 236 .07 Percentage of write off against T/advances 1997 0.72 Provision 2954519 1999 T/Advances % 58218281 5.Appendix 3.62 Provision 3070768 1998 T/Advances % 45789947 6. 1997 Provision 3417099 T/Advances % 39648456 8.23 1999 0.15 1998 0.3 Continued Particulars of provision of non-performing advances after privatization of ABL (Pakistani Rupees '000) 1997 2577429 1815 712492 -59949 185312 3417099 -103244 -254985 10597 3070768 -30275 -53131 -35495 2954519 1998 3417099 1301 1999 3070768 2652 3417099 3070768 2954519 provision for advances/loans as a percentage of total loans/advances.

Difference % of net interest income to T/Revenue.9708239 1998 17197805 11065063 6132742 35.6451324 2000 14124242 7238680 6885562 48.4986971 1989 1297046464 880659595 416386869 32.3775523 After privatization Pakistani Rupees in Millions 1997 Interest and discount or return Interest on deposits borrowing etc. Difference % of net interest income to T/Revenue. 899898667 564044272 335854395 37.3349343 1999 15755990 9351947 6404043 40.192981 1991 3192089572 2114270463 1077819109 33.1026949 1990 1655157873 1103412084 551745789 33.3213571 1987 1020801008 630851921 389949087 38.71335646 1999 Data not 7287432 available 6953006 334426 4. 5026787 4639053 387734 7.6932065 1988 1097194637 685760943 411433694 37. 16938510 10168048 6770462 39.7653153 1997 Interest and discount or return Interest on deposits borrowing etc.4 Interest Risk Measurement Before Privatization MCB 1987 Interest and discount or return Interest on deposits borrowing etc.204729 1989 2269720109 1496323415 773396694 34.0745403 1990 2638307048 1709808151 928498897 35.2003039 After Privatization(Pakistani Rupees in'000) 1998 6059060 5289971 769089 12.704824 1323036347 853179543 39. Difference % of net interest income to T/Revenue.Appendix 3.7499577 2001 17033225 7544897 9488328 55. Difference % of net interest income to T/Revenue.58907884 2000 2001 237 . 1988 2247813441 2176215890 1452592066 795221375 35.6600275 ABL Before Privatization (In Pakistani Rupees) 1986 Interest and discount or return Interest on deposits borrowing etc.

In.278732361 1987 6054814297 733273484 12.674335 ABL Befor privatization (in Rupees) 1986 Advances Capital* % 0f total capital to T/Loans 5616120702 464943602 8.5469892 1989 8087814754 1092290310 13.72206593 199 Advances Capital* % 0f total capital to T/Loans 36231357 6429976 17.70243138 1999 67432576 12693535 18.9330552 1991 3733992169 5907492195 158.82403988 2000 86359139 22483418 26.5053824 1990 11115241689 1636393210 14.16573629 1988 13096086856 3982991762 30.2084784 (Rs.4 continued Capital Risk of MCB Before Privatization 1987 Advances Capital* % 0f total capital to T/Loans 13110617022 12739027561 97. OOO) 1997 Advances Capital* % 0f total capital to T/Loans 64365285 14576393 22.11058586 ABL after privatization (000) 1998 42719179 9245423 21.Appendix 3.41360221 1989 15548316766 4357760821 28.6463582 1998 62920478 12396864 19.37843215 238 .74699192 1999 55263762 10156613 18.6423237 1988 5490507467 798703528 14.03478712 2001 76585999 15833646 20.02721919 Capital Risk of MCB After Privatization 1990 2757663780 5596211362 202.

882527936 1988 37235514464 3982991762 9.348629545 After Privatization (000) 1997 Assets Shareholders contribution to T/Assets % of Shareholders Contribution to T/Assets 150095138 14576393 10.85916256 After Privatazation(000) 1997 Assets Shareholders contribution to T/Assets % of Shareholders Contribution to T/Assets 1569897 6429976 0.07771231 AbL Brfore Privatization ( In rupees) 1986 Assets Shareholders contribution to T/Assets % of Shareholders Contribution to T/Assets 13725521165 464943602 29.90190744 1999 2063418 2000 2001 10156613 data not avaialable.81379159 1988 21409793271 798703528 26.080947251 1990 43590210123 5596211362 7.20316005 239 . 0.05958844 1990 34203739405 1636393210 20.789235842 1991 55819696091 5907492195 9.209564668 Capital adequacy ratios MCB before Privatization 1989 39572596150 4357760821 9.448966541 1999 158584818 12693535 12.80568261 1989 27372345626 1092290310 25.770840848 2001 187055394 15833646 11.Appendix 3.29713853 1998 149725757 12396864 12.244152855 1998 1937514 9245423 0.5 1987 Assets Shareholders contribution to T/Assets % of Shareholders to T/Assets 36720602828 12739027561 2.52083028 1987 17495291259 733273484 23.49335335 2000 174715063 22483418 7.

6 9.8 Source State bank Report for 2002 240 .8 2002 12.6 -13.3 9.7 23.4 9.7 9.3 9.2 -31.2 18 -3.banks Domestic private banks Foreign banks specialized banks All Banks Adequacy Ratios 2000 2001 10.9 8.5 Continued Capital Capital to Risk weighted assets Public sector comm.5 18.7 8.3.

42694684 1991 6457761511 8896130809 72.34590573 1990 4031226481 6355700033 63.94349351 2000 17328837 28858208 60.Appendix 3.83090424 Before privatization 1987 16220808034 22591537389 71.75052064 1988 4176609094 4848430143 86.5906762 a: cash as ratio of demand deposit years Cash* Demand deposit % of cash for demand deposit years Cash Demand deposit % of cash for demand deposit 1997 13349361 45613941 29.5029E+10 78.0932613 1989 2835323850 5745813777 49.26596717 1999 21273371 27293325 77.95246073 1990 19768408888 27690506893 71.7236538 b:Liquid funds/total deposits years Liquide Funds** Total Deposit % of total deposit to liquid funds years 1997 1999 2000 2001 241 .04820881 2001 24285589 33859944 71.80037266 1988 16260343846 21899433139 74.14353452 After privatization 1998 14347299 28791970 49.5 Liquidity Management MCB befor Privatization 1987 2911594683 4428245822 65.39056343 1991 2.25006731 After privatization 1998 1989 18475132958 25324893462 72.7355E+10 3.

60930921 2001 190376686 187055394 101.3404066 176911444 123821807 142.8758377 Before privatization 1988 16260343846 37235514464 43.Liquide Funds Total Deposit % of total deposit to liquid funds c:liquid funds/total assets years Liquide Funds Totl Asseta % of total assets to liquid assets.9647205 1999 165091754 158584818 104. 177059310 124391460 142.775566 242 .185714 1987 16220808034 36720602828 44.1031267 2000 142583756 174715063 81.6661139 142583756 135990147 104.35057031 1991 2. 1997 177059310 150095138 117.582E+10 49.68668411 1990 19768408888 43590210123 45.0067295 years Liquide Funds Totl Asseta % of total assets to liquid assets.1569875 165091754 130336164 126.7355E+10 5.8485932 190376686 154544451 123.66891147 After privatization 1998 176911444 149725757 118.17358863 1989 18475132958 39572596150 46.

8047E+10 1.845435 1990 24357915814 19824866983 122.8654691 1986 5831488410 13725521165 42.12013508 1987 2.7495E+10 160. years Liquide Funds** Totl Asseta % of total deposit to liquid funds 1997 7697177 28053561 27.1864E+10 1.2337E+10 227.952226 1988 20832769682 21409793271 97.531499 243 .312086 After privatization 1998 98251294 89358167 109.1864E+10 1.97850385 1997 40036918 63429709 63. Liquidity Management ABL befor Privatization 1986 1785483395 2269242718 78.48646255 1997 40036918 72403560 55.7742E+10 123.05062373 a: cash as ratio of demand deposit years Cash* Demand deposit % of cash for demand deposit years Cash* Demand deposit % of cash for demand deposit b:Liquid funds/total deposits years Liquide Funds** Total Deposit % of total deposit to liquid funds years Liquide Funds** Total Deposit % of total deposit to liquid funds c:liquid funds/total assets years Liquide Funds Totl Asseta % of total assets to liquid assets.9719207 After privatization 1999 55620179 93107291 59.81854395 1989 3229606817 4412722328 73.43743299 1998 9525733 24882487 38.89224315 Before privatization 1986 5831488410 10058018097 57.6819048 1987 2057051862 2908723717 70.29689148 1987 2.332936 1998 98251294 76541153 128.01728936 1989 2.5 continued.2828814 1999 14240438 36615111 38.8047E+10 1.73772666 1989 2.1885348 1990 2861771409 5198435940 55.30486146 1999 55620179 Data is not 106926331 available 52.364011 Before privatization 1988 20832769682 14571231598 142.7200842 After privatization 1988 2133239167 3626813967 58.6214E+10 134.Annexure 3.233983 1990 24357915814 21645420203 112.

Appendix 3.27032321 1990 158860942 5596211362 2.471149207 MCB before privatization 1988 227012385 3982991762 5.838723053 1991 212724843 5907492195 3.632491709 1989 249621998 39572596150 0.123290783 1990 158860942 43590210123 0.630795101 After privatization (Rs.273241668 1987 199358535 12739027561 1.Assets % of income to assets 1987 199358535 35205656741 0.60093312 244 .Assets % of income to assets Years Income(before tax) T.6 Earning and profitability a:Return on assets Earning and Profitability for MCB before privatization a: income/assets Years Income(before tax) T.3810928 b:return on equity Years Income (before tax) Capital* % of income to capital Years Income (before tax) Capital* % Of income to capital a: income/assets Years Income (before tax) Assets ROA 1986 37503843 13725521165 0.822670219 MCB before privatization 1988 227012385 35697001582 0.566268473 1997 1234788 150095138 0.635942446 1998 947003 149725757 0.639052909 ABL before privatization 1987 46158444 17495291259 0.564943117 1997 1234788 14576393 8.87897712 2001 2101176 15833646 13.763338518 2000 1321795 174715063 0.178854418 1989 249621998 4357760821 5.000) 1999 1210539 158584818 0.263833527 ABL after privatization 1988 50072267 21409793271 0.536657834 2000 1321795 22483418 5.36444179 1991 212724843 55819696091 0.756543241 2001 2101176 187055394 1.699544427 1998 947003 12396864 7.728217042 After privatization (Rs.233875528 1989 53106711 27372345626 0.000) 1999 1210539 12693535 9.19401593 1990 61174899 34203739405 0.

738398487 2001 245 .269193167 1999 71098 10156613 0.447373365 1987 46158444 733273484 6.753072236 ABL before privatization 1999 71098 2063418 3.294847012 1998 169592 9245423 1.834334676 1988 50072267 798703528 6.445642134 2000 2001 1986 37503843 464943602 8.6 Assets ROA b:Return on equity years income(before tax) Capital* ROE years income(before tax) Capital* ROE 1997 28766 1569897 1.861959363 2000 1990 61174899 1636393210 3.700016826 1989 53106711 1092290310 4.832349511 1998 169592 1937514 8.066320913 After privatization 1997 28766 6429976 0.Years Income (before tax) Continued 3.

10 218.2 100.30 23.20 1306.5 100.50 93.4 100.1 100.3 15.9 100.5 100.20 217.0 1997-98 601.0 1991-92 335.Appendix 4.0 1998-99 472.0 1990-91 246.40 949.1 100.0 1987-88 162. Economic survey of Pakistan 2002-2003.8 100.40 96.00 -9.0 1994-95 442.0 1988-89 210.70 54.0 1985-86 145.50 71.00 10.60 60.0 1992-93 306.00 161.0 25.20 90.7 3.0 1993-94 354.0 1986-87 108.7 16.9 6.30 499.80 443.1 26.0 1996-97 682.9 100.30 27.60 73.20 7.60 94.7 100.0 100.00 237.6 11.50 102.30 88.10 267.0 1989-90 216.1 9.00 129.90 1532.9 100.30 28.8 28.3 100.5 5.2 -2.1 44.9 71.70 55.1 Inflows of foreign investment in Pakistan In million As % of Total US $ years FDI Portfolio Total FDI Portfolio Total 1984-85 70.20 69.70 211.8 -3.0 Source.00 103.6 478.60 642.30 221.9 100.50 553.0 1999-2000 423.20 -4.2 100.00 83.90 84.3 100.00 21.50 172.30 822.5 39.10 288.70 75.20 16.70 205.40 136. 246 .0 1995-96 1101.40 93.40 1089.1 30.

Appendix No 4.1 267805.03003E+12 5.05669E+12 2.6 85882.42151E+16 1040823739 2028016122 1487822327 2406500947 3627701084 7616681257 7375735100 7276755355 6597679321 14405040441 36935266410 43281931458 71719625147 72250375712 1.∑ in=1 X ∑ in=1 Y n∑ in=1 X 2 − (∑ in=1 X ) 2 γ2=1- n ∑ ei2 n ∑Y i =1 n 2 i − (∑ in = 1Yi ) 2 n i =1 247 .(∑ x) (∑ y) / n ( ∑ x − ( ∑ x ) / n)( ∑ y − ( ∑ y ) 2 2 2 2 / n) β= n∑ in=1 XY .3 X2 y2 XY 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Total 18251389 19565836 20488157 21215465 21720814 22578568 23947814 25140528 26756571 30993837 27106754 27973622 29520563 31085736 31723719 32271603 29772355 29710720 28409347 28043818 526277216 3.09792E+14 5.00639E+15 1.82822E+14 4.17333E+12 3.90275E+11 1.21111E+13 1.71464E+14 9.30825E+12 1.82524E+14 8.81972E+12 7.71991E+12 5.35567E+12 1.14783E+11 92283746550 1.3 49056.82727E+14 8.20953E+12 5.77098E+11 1.97051E+12 2.2 420830. Of Deposits Y Investment 32261.9 81226.2 Years X No.04146E+15 8.32046E+14 7.15914E+14 9.73498E+14 6.02428E+13 1.04249E+11 1.1 60230.81118E+11 7.50096E+14 4.2 268794.3 322875.34776E+14 7.04075E+12 1.60618E+14 7.4 3733586.90576E+12 8.07091E+14 7.6 303782.8 45033.8 375286.33113E+14 3.04084E+13 9.22728E+11 1.1 85303.86393E+14 8.2 350326.19765E+14 4.66323E+14 1.5 38572.5 208043.86456E+14 1.07401E+14 r= ∑ xy .71794E+14 5.1 120021 192185.25291E+13 1.2 338796.4084E+11 1.14459E+12 2.51922E+12 1.88823E+11 8.4 87273.62499E+12 8.

90275E+11 1.03003E+12 XY 5.3 322875.97051E+12 2.20953E+12 5.09792E+14 5.6 303782.8 375286.82822E+14 4.25291E+13 1.82524E+14 8.73498E+14 6.88823E+11 8.4 87273.21111E+13 1.1 85303.2 338796.14459E+12 2.6 85882.30825E+12 1.3 X2 3.60618E+14 7.66323E+14 1.71991E+12 5.3 Years 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Total X (No of Deposits) 18251389 19565836 20488157 21215465 21720814 22578568 23947814 25140528 26756571 30993837 27106754 27973622 29520563 31085736 31723719 32271603 29772355 29710720 28409347 28043818 526277216 Y (Investment) 32261.04249E+11 1.42151E+16 Y2 1040823739 2028016122 1487822327 2406500947 3627701084 7616681257 7375735100 7276755355 6597679321 14405040441 36935266410 43281931458 71719625147 72250375712 1.15914E+14 9.1 60230.71794E+14 5.∑ in=1 X ∑ in=1 Y n∑ in=1 X 2 − (∑ in=1 X ) 2 n ∑ ei2 γ2 =1n n ∑ Yi − i =1 2 (∑ in = 1Yi ) 2 n i =1 248 .1 120021 192185.22728E+11 1.07401E+14 r= ∑ xy .2 350326.35567E+12 1.86393E+14 8.3 49056.9 81226.5 38572.32046E+14 7.04075E+12 1.77098E+11 1.04146E+15 8.07091E+14 7.50096E+14 4.05669E+12 2.51922E+12 1.00639E+15 1.2 420830.19765E+14 4.Appendix No 4.02428E+13 1.34776E+14 7.17333E+12 3.33113E+14 3.4 3733586.86456E+14 1.1 267805.04084E+13 9.90576E+12 8.(∑ x) (∑ y) / n ( ∑ x − ( ∑ x ) / n)( ∑ y − ( ∑ y ) 2 2 2 2 / n) β= n∑ in=1 XY .62499E+12 8.71464E+14 9.2 268794.8 45033.81972E+12 7.5 208043.81118E+11 7.14783E+11 92283746550 1.82727E+14 8.4084E+11 1.