Meezan Bank Limited
Meezan Bank Limited a public listed company, is the first and largest Islamic Bank in Pakistan and one of the fastest growing banks in the history of banking sector of the Country. The Bank was granted a full-fledged dedicated Islamic banking license by the State Bank of Pakistan in year 2002. Since inception, it has posted an upward growth trajectory through sizable increase in deposits and branch network. The JCR-VIS Credit Rating Company Limited has assigned the highest long-term entity rating of AAA (Triple A) and short term rating at A1+ (A One Plus) with stable outlook. PKIC has been the founding stakeholder of the Bank with a current shareholding of 30%.
Raqami Islamic Digital Bank Limited
PKIC in collaboration with Planet N Group and Kuwait Investment Authority through its subsidiary M/s. Enertech Holding Company KSC, is spearheading the establishment of Raqami Islamic Digital Bank, Pakistan's pioneer Shariah-compliant Digital Retail Bank. In a fiercely competitive selection process, the PKIC-led consortium triumphantly secured the NOC (No Objection Certificate) from SBP, being one of only five licenses granted among 20+ applicants for the establishment of the premier Shariah-compliant Digital Bank. Subsequently, PKIC has successfully obtained in-principle approval from SBP for the creation of this Digital Bank.
Raqami Islamic Digital Bank Limited is poised to revolutionize the local banking and financial services landscape. It will play a pivotal role in advancing technology-driven financial services, particularly benefiting SMEs, agriculture, and the financial inclusion of the unbanked population, with a special emphasis on women's financial inclusion and economic empowerment. Additionally, Raqami aims to extend its banking services to underbanked and unbanked regions across Pakistan that have traditionally been underserved by conventional banking systems.
AL Meezan Investment Management
Al Meezan Investment Management Limited (AMIML) is one of the pioneers in private sector mutual funds in Pakistan with a solid track spanning over 20 years. AMIML is one of the largest asset management companies in Pakistan currently managing assets of around PKR 225 billion. AMIML is registered as a Non-Banking Finance Company (NBFC) under the NBFC Rules & Regulations of the Securities and Exchange Commission of Pakistan to carry on the business of asset management and investment advisory. It is also licensed as a Pension Fund Manager under Voluntary Pension System Rules, 2005. AMIML is an unlisted entity in which PKIC owns shareholding of 30%.
National Clearing Company of Pakistan Limited
National Clearing Company of Pakistan Limited (NCCPL) is a significant institution of Pakistan’s Capital Market providing clearing and settlement services to all three stock exchanges in the Country. It was incorporated on July 03, 2001 to assist market participants to undertake their clearing and settlement activities more efficiently through automated, centralized and streamline processes that are essential to the safety and soundness of the Capital Market. PKIC enjoys an enduring association with NCCPL, and currently owns 15% stake in the Company.
Ghandhara Tyre & Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited)
Ghandhara Tyre & Rubber Company Limited (GTYR) and PKIC’s relationship dates back to over 30 years. PKIC made an initial investment in GTYR to obtain 28% shareholding, which has now reached to 30%. GTYR is the largest tyre manufacturing unit in the Country producing tyres for cars, light commercial vehicles, trucks/buses, tractors, CNG rickshaw and motorcycles. The Company was established in 1963 by General Tyre International Corporation (GTIC) of USA, with a total capacity of only 120,000 tyres per annum. Currently, the capacity of the Company stands is in excess of around 4.3 million tyres with potential to meet one third of the Country’s demand. Its shares are quoted on the local bourses.
EClear Services Limited
EClear Services Limited (EClear) is a public unlisted company incorporated in Pakistan on October 8th, 2020. The Company has been granted license to act as Pakistan’s first ‘Professional Clearing Member (PCM)” under the Professional Clearing Member Regulations 2020 by SECP. The principal activities of the Company are to offer custodial and clearing / settlement services to securities brokers and their customer. EClear commenced its operations from July 01, 2021. PKIC has shareholding of 20% in the Company.
Planet N Private Limited
Planet N Private Limited is structured as a holding company constituting growth-oriented tech companies. The Company’s portfolio of investments is spread across areas including financial inclusion, fintech, payment solutions, E-entertainment, SaaS Consulting, data science & AI, Regtech, E-Logistics, Edtech, E-commerce and E-health across Pakistan, Egypt, UAE, Thailand and Singapore with various other markets on the horizon. Through this investment PKIC has not only become part of a digital revolution which Pakistan is currently witnessing, but has also invested in human capital by supporting over 40 entrepreneurs which will help develop this sector and overall economy of Pakistan. Presently, PKIC owns a 9.96% stake in Planet N Private Limited.
