Paramount Investments Limited Information

Paramount Investments Limited (PIL) is a Management Company of First Paramount Modaraba (FPM), a Non Banking Financial Institute. It was established in Karachi, Pakistan on February 24th 1992, under the Companies Ordinance 1984. It is listed on the Pakistan Stock Exchange (PSE). FPM is a member of NBFI & Modaraba Association of Pakistan. The Authorized capital of Paramount Investments Limited is Rs.50,000,000/- divided into 5,000,000/- certificates of Rs.10/- each with a paid up capital of Rs.22,319,000/-. The Company provides Islamic Financial Services to its clients in the form of Murabaha, Musharakah, Modaraba and other modes of Islamic Finance. FPM also offers Certificate of Musharakah for investment. We offer best possible return on COM for different tenures. COM can be purchased by individuals, NGOs; Provident & Gratuity funds holders, Corporate Institutions and other concerns. BOARD OF DIRECTORS 1. Mr. Tanweer Ahmed Magoon - Chairman 2. Mr. Syed Wajih Hassan - Chief Executive Officer 3. Mr. Pir Mohammad Kaliya - Director 4. Mr. Nadeem Iqbal - Director 5. Mr. Humayun Mazhar Qureshi - Independent Director 6. Mr. Habib Ahmed Navaid - Independent Director 7. Mr. Abrar Ahmed - Director Shariah Advisor of Modaraba Mufti Muhammad Farhan Farooq Shariah Consultant of Modaraba Mufti Muhammad Najeeb Khan Auditors of The Modaraba M/s. Riaz Ahmed & Co. Chartered Accountants Auditors of The Modaraba Management Company M/s. Rahim Jan & Co. Chartered Accountants Legal Advisor Mr. Raja Qasit Nawaz, Advocate Mr. Saifuddin, Advocate Bankers Meezan Bank Limited Bank Islami Pakistan Limited Al Baraka Bank (Pakistan) Limited Habib Metropolitan Bank Limited -Islamic Banking Habib Bank Limited Share Registrar THK ASSOCIATES (PVT) LTD. Plot No: 32-C, Jami Commercial Street2, D.H.A, Phase-VII. Karachi-75500, Pakistan. Tel (021) 111 000 322 Fax (021) 35310191. Email: secretariat@thk.com.pk Web address: http://thk.com.pk