MEEZAN BANK LIMITED
Meezan Bank Limited, the first and largest Islamic Bank in Pakistan, was granted a full-fledged Islamic banking license in 2002. It has shown consistent growth in deposits and branch network. The bank holds a AAA long-term rating and A1+ short-term rating from JCR-VIS, with a stable outlook. PKIC is a founding stakeholder with a 30% shareholding.
RAQAMI ISLAMIC DIGITAL BANK LIMITED
PKIC, in collaboration with Enertech Holding Company KSC, a wholly owned subsidiary of Kuwait Investment Authority, and Planet N, is in the process of establishing Raqami Islamic Digital Bank (RIDBL) with the aim of revolutionizing the local banking and financial services landscape and playing a pivotal role in advancing technology-driven financial services. RIDBL is poised to be Pakistan’s first Shariah-compliant digital retail bank that will particularly benefit SMEs, the agricultural sector, and the financial inclusion of the unbanked population. Additionally, RIDBL aims to extend its digital banking services to underbanked and unbanked regions across Pakistan, areas traditionally underserved by conventional banking systems. The management team at RIDBL has been on-boarded and is actively working towards achieving the bank’s operational readiness and commencement of its commercial operations.
AL MEEZAN INVESTMENT MANAGEMENT
Al Meezan Investment Management Limited (AMIML), a pioneer in private sector mutual funds in Pakistan, has over 20 years of experience. It is one of the largest asset management companies, managing around PKR 225 billion in assets. Registered as a Non-Banking Finance Company (NBFC) and licensed as a Pension Fund Manager, AMIML operates under the regulations of the Securities and Exchange Commission of Pakistan. PKIC holds a 30% shareholding in AMIML.
NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED
National Clearing Company of Pakistan Limited (NCCPL) provides clearing and settlement services to all three stock exchanges in Pakistan. Incorporated on July 03, 2001, NCCPL enhances market efficiency through automated and centralized processes essential for capital market safety. PKIC holds a 15% stake in NCCPL.
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 have a relationship spanning over 30 years. PKIC initially invested for a 28% shareholding, now increased to 30%. Established in 1963 by General Tyre International Corporation (GTIC) of the USA, GTYR is the largest tyre manufacturer in Pakistan, producing over 4.3 million tyres annually for various vehicles. Its shares are listed on local stock exchanges.
ECLEAR SERVICES LIMITED
EClear Services Limited (EClear), incorporated on October 8, 2020, is Pakistan’s first licensed Professional Clearing Member (PCM) under SECP regulations. The company offers custodial and clearing/settlement services to securities brokers and their customers. EClear began operations on July 01, 2021, with PKIC holding a 20% share.
PLANET N PRIVATE LIMITED
Planet N Private Limited is a holding company with growth-oriented tech investments in financial inclusion, fintech, payment solutions, E-entertainment, SaaS consulting, data science & Al, Regtech, E-logistics, Edtech, E-commerce, and E-health. It operates across Pakistan, Egypt, UAE, Thailand, and Singapore. PKIC owns a 9.96% stake, supporting over 40 entrepreneurs and contributing to Pakistan’s digital revolution and economic development.