Reliance Insurance Quarterly Report 2015 02 reliance insurance company limited company information...

Contents

Company Information 02

Director’s Report 03

Condensed Interim Balance Sheet 04

Condensed Interim Pro�t & Loss Account 06

Condensed Interim Statement of Comprehensive Income 07

Condensed Interim Statement of Changes in Equity 08

Condensed Interim Statement of Cash Flow 09

Condensed Interim Statement of Premiums 11

Condensed Interim Statement of Claims 12

Condensed Interim Statement of Expenses 13

Condensed Interim Statement of Investment Income 14

Notes to the Condensed Interim Financial Statements 15

Reliance Insurance Company Limited02

Company Information

BOARD OF DIRECTORS

DIRECTORS

CHIEF EXECUTIVE & MANAGING DIRECTOR

A. RAZAK AHMED

HAROON A. SHAKOOR

AUDIT COMMITTEE

INVESTMENT COMMITTEE

CHAIRMANISMAIL H. ZAKARIA

MOHAMMED AMIN AHMED BAWANYA. AZIZ AYOOBIRFAN ZAKARIA BAWANYMUHAMMAD OMER BAWANYZOHAIR ZAKARIAAHMED ALI BAWANYNOOR M. ZAKARIAYASIN SIDDIKABDUL JABBAR

CHIEF ACCOUNTANT AND COMPANYSECRETARY

ABDUL JABBAR CHAIRMANIRFAN ZAKARIA BAWANY MEMBERZOHAIR ZAKARIA MEMBER

IRFAN ZAKARIA BAWANY CHAIRMANZOHAIR ZAKARIAAHMED ALI BAWANYA. RAZAK AHMED

MEMBERMEMBERMEMBER

HUMAN RESOURCE &REMUNERATION COMMITTEE

ZOHAIR ZAKARIA CHAIRMANIRFAN ZAKARIA BAWANYA. RAZAK AHMED

MEMBERMEMBER

AUDITORS

BDO EBRAHIM & CO.CHARTERED ACCOUNTANTS

LEGAL ADVISOR

BANKERS

REGISTERED OFFICE

HEAD OFFICE

SHARES REGISTRAR

ABDUL SATTAR PINGAR

HABIB BANK LIMITEDMCB BANK LIMITEDALLIED BANK LIMITEDSTANDARD CHARTERED BANK (PAKISTAN) LIMITEDBANK ALFALAH LIMITEDNATIONAL BANK OF PAKISTANUNITED BANK LIMITEDTHE BANK OF PUNJABFAYSAL BANK LIMITEDHABIB METROPOLITAN BANK LIMITEDNIB BANK LIMITEDJS BANK LIMITED

96-A, Sindhi Muslim Co-operativeHousing Society, Karachi.

Reliance Insurance House,181-A, Sindhi Muslim Co-operative HousingSociety,P . O . Box No. 13356,Karachi-74400.Phone : 34539415-17Fax : 92-21-34539412E-mail : [email protected]@cyber.net.pk.Website: www.relianceins.com

M/s. C&K Management Associates (Pvt.) Ltd.404-Trade Tower, Abdullah Haroon Road,Near Hotel Metropole, Karachi-75530.Tel: (021) 35687839 & 35685930

CREDIT RATING

A ( SINGLE A ) BY JCR-VISOUTLOOK “STABLE”

Directors’ Report

The Shareholders,

Your Directors are pleased to present before you the un-audited Accounts for the First quarter ended March 31, 2015 During the period under review by the grace of ALLAH, your Company has been able tounderwrote a Gross Premium of Rs.253.52 million as compared to last year’s First Quarter Premium of Rs.234.60 million – showing an increase of 8.06%, while Net Premium Income increased from Rs.69.38 million to Rs.80.06 million – showing an increase of 15.40% over the previous year. Net claims incurred have decreased from Rs.24.05 million to Rs.20.11 million showing decrease of 16.38% over thecorresponding period of last year.

Investment income has also increased from Rs.28.23 million to Rs.32.66 million registering an increase of 15.69%, over the corresponding period of last year.

Profit before tax stood at Rs.39.67 million compared to Rs.26.81 million of last year - an increaseof 47.98%. Earnings per share stood at Rs.0.86 against Rs.0.62 of previous year.

Your Management looks forward to the future with confidence and is optimistic that the economic scenario would improve in view of the government’s firm resolve of tackling the energy crisis and improving the law and order situation in the country.

By order of the Board

A. RAZAK AHMEDChief Executive & Managing Director

Karachi: 29th April, 2015.

Quarterly Report 2015 03


Condensed Interim Balance Sheet (Un Audited)As At March 31, 2015

Share Capital and Reserves Authorised share capital ( 50,000,000 Ordinary Shares of Rs.10/-- each) Paid-up share capital Retained earnings Reserves

Underwriting provisions Provision for outstanding claims (including IBNR) Provision for unearned premium Commission income unearned Total Underwriting Provisions

Creditors and accruals Amounts due to other insurers/reinsurers Accrued expenses Taxation - provision less payments Other Creditors and Accuruals

Other liabilities Unclaimed dividend

TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTS

The annexed notes from 1 to 15 form an integral part of these financial statements.

500,000,000

403,458,750 176,431,013 180,000,000

759,889,763

284,113,202 460,280,462 30,477,714

774,871,378

51,940,734 2,105,502 3,726,188

52,829,958

110,602,382

899,045

1,646,262,568

500,000,000

403,458,750

141,760,248 180,000,000

725,218,998

273,401,444 461,012,732 30,420,729

764,834,905

37,994,635 2,851,602

- 64,133,847

104,980,084

909,995

1,595,943,982

(Un Audited)As at March 31,

2015

(Audited)As at Dec.31

2014(Rupees)

9

10

Notes



Mohammad Omer BawanyDirector

Ismail H. ZakariaChairman

A. Razak AhmedChief Executive & Managing Director

A. Aziz AyoobDirector

Cash and bank deposits Cash and other equivalent Current and other accounts Deposit maturing within 12 months

Loans ( secured ) To employees Investments

Current assets-others Premiums due but unpaid Amounts due from other insurers/reinsurers Accrued investment income Reinsurance recoveries against outstanding claims Deferred commission expense Prepaid reinsurance premium ceded Taxation - provision less payments Trade deposits and prepayments Sundry receivables

Fixed assets

Tangible

Land and buildings Furniture, fixtures and office equipment Motor vehicles

TOTAL ASSETS

11

1,305,647

72,650,658 25,984,164

99,940,469

1,418,410

602,259,052

199,767,701 26,873,978 8,358,207

241,929,995 53,666,559

332,090,746 -

774,945 1,021,805

864,483,936

9,983,561 5,844,717

62,332,423

78,160,701

1,646,262,568

145,274 78,369,734 25,984,164

104,499,172

1,534,110

584,867,636

174,899,743 27,209,800 3,234,955

230,576,451 54,078,582

332,117,483 129,804 701,819 442,509

823,391,146

10,239,550 6,028,890

65,383,478

81,651,918

1,595,943,982

(Un Audited)As at March 31,

2015Notes

(Audited)As at Dec.31

2014(Rupees)

FORM GA

Condensed Interim Balance Sheet (Un Audited)As At March 31, 2015


Condensed Interim Profit & Loss Account (Un Audited)Financial Period Ended March 31, 2015

Revenue AccountNet Premium RevenueNet ClaimsExpensesNet Commission

Underwriting result

Investment IncomeOther Income (Profit on Sale of Fixed Assets)General and administration expensesProfit before tax during the quarter

Provision for Taxation : Current

Profit after tax during the quarter

Profit and Loss Appropriation AccountBalance at Commencement of the yearProfit after tax during the quarter

Balance Unappropriated profit at the end of the periodEarnings per Share - Basic and Diluted (Note No. 13)


27,214,201 (2,583,085) (9,433,787) (7,966,793)

7,230,536

14,561,073 (2,831,499) (5,047,587) (2,915,706)

3,766,281

36,244,887 (14,425,233) (12,564,268) (3,519,333)

5,736,053

2,045,322 (272,122) (709,010) (201,035)

863,155

80,065,483 (20,111,939) (27,754,652) (14,602,867)

17,596,025

32,659,948 556,176

(11,141,384) 39,670,765

(5,000,000)

34,670,765

141,760,248 34,670,765

176,431,013 0.86

69,378,224

(24,051,863) (26,712,412) (10,522,150)

8,091,799

28,231,546 673,139

(10,188,233) 26,808,251

(1,850,000)

24,958,251

126,637,528 24,958,251

151,595,779 0.62

Marine Aviation &Transport

Motor Misc. 2015Aggregate

2014Aggregate

Fire&

Property

FORM GB

(Rupees)







Condensed Interim Statement of Comprehensive Income (Un Audited)Financial Period Ended March 31, 2015

Profit after tax

Other comprehensive income

Total comprehensive income for the quarter


2015 2014(Rupees)

34,670,765

-

34,670,765

24,958,251

-

24,958,251







Balance as at January 01, 2014 Total comprehensive income for the period

Balance as at March 31, 2014

Balance as at January 01, 2015Total comprehensive income for the period

Balance as at March 31, 2015


366,780,680

- 366,780,680

403,458,750 -

403,458,750

Share capital

General reserves

Unappro-priated profit

Total

(Rupees)

160,000,000

- 160,000,000

180,000,000 -

180,000,000

126,637,528 24,958,251

151,595,779

141,760,248 34,670,765

176,431,013

653,418,208 24,958,251

- 678,376,459

725,218,998 34,670,765

759,889,763

Condensed Statement of Changes in Equity (Un Audited)Financial Period Ended March 31, 2015







Condensed Interim Statement of Cash Flows (Un Audited)Financial Period Ended March 31, 2015

Operating Cash Flow a) Underwriting activities Premium received Reinsurance premium paid Claims paid Reinsurance and other recoveries received Commission paid Commission received Net cash flow from underwriting activities b) Other operating activities Income tax paid General and management expenses paid Other operating payments Loans advanced / repayments received Other payments on operating assets Other receipts in respect of operating assets Net cash flow from other operating activities Total cash flow from all operating activities Investment activities Interest / Dividend received Payments for Investments Proceeds from disposal of investments Fixed Capital Expenditures Proceeds from disposal of fixed assets Total cash flow from Investing activities

227,316,473 (159,874,960) (47,843,982) 27,090,257 (26,235,636) 13,434,177

33,886,329

(1,144,008) (27,754,652) (8,195,491)

115,700 (12,049,989)

(652,422)

(49,680,862)

(15,794,533)

10,462,629 (1,170,635)

853,286 (148,500) 1,250,000

11,246,780

231,368,751 (173,040,427) (60,287,429) 40,751,496 (21,185,515) 15,509,646

33,116,522

(1,670,776) (26,712,412) (7,574,644)

77,179 (15,289,649)

(872,960)

(52,043,262)

(18,926,740)

14,648,737 (13,268,350)

9,959,012 (5,201,680) 1,432,500

7,570,219

January to March2015 2014

(Rupees)

FORM GC







Condensed Interim Statement Of Cash Flows (Un Audited)Financial Period Ended March 31, 2015

Financing activities Unclaimed Dividend paid Financial ChargesTotal cash flow from financing activities Net cash Inflow/outflow from all activities Cash & cash equivalent at the beginning of the year Cash & cash equivalent at the end of the period Reconciliation to profit and loss Account Operating cash flow Depreciation expense Profit/(loss) on disposal of fixed assets Increase/(decrease) in assets other then cash (Increase)/decrease in liabilities other then running finance Investment Income Profit after tax as per profit & loss account. Definition of Cash Cash in hand and at Bank, Stamps in hand and short term placements with banks cash for the purposes of the Statement of Cash Flows Consists of: Cash and Equivalents Current and other account Deposits Maturing Within 12 Month


(10,950) -

(10,950)

(4,558,703)

104,499,172

99,940,469

(15,794,533) (2,945,893)

556,176 35,853,838

(15,658,771) 32,659,948

34,670,765

1,305,647 72,650,658 25,984,164 99,940,469

99,940,469

(274)

(274)

(11,356,795)

103,078,929

91,722,134

(18,926,740) (2,613,589)

673,139 (9,111,154)

26,705,049 28,231,546

24,958,251

924,321 65,045,976 25,751,837 91,722,134

91,722,134

January to March2015 2014

(Rupees)

FORM GC

Cond

ense

d In

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Sta

tem

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f Pre

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(Un

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Fina

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66,1

24,13

5

143,3

75,33

5

38,9

20,16

6

5,09

7,195

253

,516,8

31

147

,937,5

26

239,7

64,46

7

59,54

1,406

13,76

9,333

461

,012,7

32

148

,661,9

34

236,5

49,32

1

61,2

84,03

5

13,7

85,17

2

460

,280,4

62

65,3

99,72

7

146,5

90,48

1

37,17

7,537

5,081

,356

254

,249,1

01

39,0

72,09

2

130,9

20,87

8

598,6

32

3,565

,279

174

,156,8

81

92,7

33,90

9

231,3

69,00

6

1,70

3,010

6,31

1,558

332

,117,4

83

93,6

20,47

5

230,2

60,47

6

1,36

8,992

6,84

0,803

332

,090,7

46

38,1

85,52

6

132,0

29,40

8

932

,650

3,036

,034

174

,183,6

18

27,2

14,20

1

14,56

1,073

36,24

4,887

2,04

5,322

80,0

65,48

3

26,4

77,71

2

14,5

74,64

3

25,6

11,67

6

2,71

4,193

69,3

78,22

4

2014

Net

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2015

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Out

stan

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cla

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Clas

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and

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in re

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outs

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clai

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Dir

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Mar

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Mot

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Gra

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17,8

76,11

4

16,60

9,032

12,92

2,048

436

,788

47,8

43,98

2

126

,591,4

34

134,9

84,94

0

8,93

0,661

2,89

4,409

273,4

01,44

4

141

,663,7

21

127,2

29,48

1

11,19

8,306

4,021

,694

284,1

13,20

2

32,9

48,40

1

8,853

,573

15,18

9,693

1,564

,073

58,55

5,740

15,0

90,33

0

11,61

2,826

15,35

0

371,7

51

27,09

0,257

108

,691,4

96

119,3

77,12

4

405

,514

2,102

,317

230,5

76,45

1

123

,966,4

82

113,7

86,37

2

1,154

,624

3,022

,517

241,9

29,99

5

30,3

65,31

6

6,022

,074

764

,460

1,29

1,951

38,4

43,80

1

2,58

3,085

2,831

,499

14,42

5,233

272,1

22

20,11

1,939

4,36

6,976

4,699

,211

14,8

68,37

1

117

,305

24,05

1,863

2015

Net

Cla

ims

expe

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2014

Net

Cla

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expe

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Rein

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and

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16,8

16,86

6

6,031

,340

3,793

,500

926

,330

27,5

68,03

6

38,6

78,93

9

3,796

,614

8,931

,211

2,671

,818

54,0

78,58

2

38,8

62,24

2

2,938

,146

9,192

,605

2,673

,566

53,6

66,55

9

16,6

33,56

3

6,889

,808

3,532

,106

924

,582

27,9

80,05

9

9,43

3,787

5,047

,587

12,56

4,268

709

,010

27,7

54,65

2

26,0

67,35

0

11,93

7,395

16,09

6,374

1,63

3,592

55,7

34,71

1

8,66

6,770

3,974

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12,7

73

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47

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77,19

2

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0

7,963

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16,08

3,601

910

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57,51

9

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08,76

7

8,434

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12,54

3,841

1,14

7,135

37,2

34,56

2

Clas

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2015

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unde

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Income from Non-Trading Investments Held to maturity Return on Government Securities Return on other fixed income, securities and deposits Available for sale Dividend Income Gain on sale of Available for sale investment Impairment in the value of Investment Income from Trading Investments Held for Trading Dividend Income Gain on sale of Investments Unrealized gain on re-measurement of Investments held for trading less: Investment related expenses Net Investment Income transferred to P&L A/c.

Condensed Interim Statement of Investment Income (Un Audited) Financial Period Ended March 31, 2015

4,087,764 308,024

4,395,788

18,329 -

(509,075)

11,177,592 49,620

17,533,522

(5,828)

32,659,948

2,759,757 408,437

3,168,194

- -

247,004

10,264,666 1,984,130

12,596,071

(28,519)

28,231,546

2015 2014(Rupees)

FORM GG



Notes to the Condensed Interim Financial Statements (Un Audited)Financial Period Ended March 31, 2015

1. STATUS AND NATURE OF BUSINESS

The Reliance Insurance Company Limited was incorporated in Pakistan as a Public Limited Company on 4th November 1981 and is engaged in General Insurance Business. The shares of the Company are quoted on Stock Exchanges of Karachi and Lahore. The registerd Office of the Company is situated at 96-A, Sindhi Muslim Co-Operative Housing Society, Karachi.

2. BASIS OF PRESENTATION

2.1 These condensed interim financial statements are un-audited and presented in condensed form in accordance with the requirement of international Accounting Standard 34 “Interim Financial Reporting”.

The disclosures made in these condensed interim financial statements have been limited based on the formats prescribed by the insurance rules, 2002 and approved accounting standards as applicable in Pakistan for interim financial reporting. These condensed financial statements do not include all the information required for full financial statement and should be read in conjunction with the financial statements of the company for the year ended December 31, 2014.

2.2 These condensed interim financial statements have been presented in Pak Rupees, which is the functional and presentation currency of the company.

3. BASIS OF MEASUREMENT

Theses condensed interim financial statement have been prepared under the historical cost convention except for certain financial assets and liabilities which are stated at fair value or amortized cost as applicable.These condensed interim financial statements have been prepared under the accrual basis of accounting except for cash flow information.

4. SUMMARY OF SIGNIFICANTING ACCOUNTING POLICIES

The significant accounting policies adopted in the preparation of these condensed interim financial statements are in line with the audited annual accounts for the year ended December 31, 2014.

5. FINANCIAL RISK MANAGEMENT

The Company’s financial risk management objectives and policies are consistent with those disclosed in the annual financial statements for the year ended 31 December 2014.

6. TAXATION

The provision for taxation for the period ended 31 March, 2015 has been made using the estimated effective tax rate applicable to expected total annual earnings.

7. TRANSACTIONS WITH RELATED PARTIES

Related parties comprise of associted companies, entitles under common control, entites with common directors, major shareholders and key management personnel of the Company. Tranctions with related parties are carried out at am's length prices determined under "Comparable uncontrolled price method". Transactions with related parties are as follows.



8. OPERATING FIXED ASSETS AND DEPRECIATION

These are stated at cost less accumulated depreciation. Depreciation is charged to profit and loss account using the reducing balance method.

Depreciation on assets is charged from the month of addition while no depreciation is charged for the month in which, assets are disposed off .

Maintenance and repaires are charged to profit and loss account as and when incurred Major renewals and improvements are capaitalized and the assets so replaced, if any are retired.

Premium UnderwrittenPremium CollectedClaims PaidDividend receivedPremium due but unpaidProvision for outstanding claimsKey management personnelStaff retirement benefits

9. SHARE CAPITAL Issued, subscribed and paid up capital

(Number of shares)

1,156,680

39,189,195

40,345,875

Ordinary shares of Rs. 10 each issued as fully paid in cash

Ordinary shares of Rs. 10 each issued as fully paid bonus shares

1,156,680

39,189,195

40,345,875

31st March2015

31st December 2014

10. CONTINGENCIES AND COMMITMENTS

10.1 There are no material contingencies existing at the Balance Sheet date.

11. INVESTMENTS

The investments comprise of the following: Held to maturity Available for sale Provision for impairment Held for trading

March 31,2015

December 31,2014

(Rupees)

7,807,943 7,998,050 1,093,409

18,329 44,591,380 29,289,855 5,156,986

578,649

6,608,568 3,533,860 1,535,754

- 50,039,474 14,531,951 4,436,761

521,833

March 31,2015

March 31, 2014

(Rupees)

11.1

11.2

11,566,800

391,891,950

403,458,750

11,566,800

391,891,950

403,458,750

80,384,631

148,906,571 (3,104,751)

145,801,820

376,072,601 602,259,052

80,801,294

148,906,571 (2,595,675)

146,310,896

357,755,446 584,867,636


Note


11.1 The Pakistan Investment Bonds (PIB) of Rs.15.629 million and GOP Ijara sukuk for the face value of Rs25.569 Million are placed as statutory deposit with State Bank of Pakistan in accordance with the requirement of Section 29(2)(a) of Insurance Ordinance 2000.

11.2 The market value of investment in shares & securities (AFS) as on 31 st March. 2015, was Rs.154.906 million (as at 31st December 2014 Rs.153.044 million).

12. SEGMENT REPORTING

Class of business wise revenue and results have been disclosed in the profit and loss account prepared in accordance with the requirements of Insurance Ordinacne, 2000 and the SEC (Insurance) Rules, 2002. The following table presents information regarding segment assets, liablities as at March 31, 2015,and March,2014 unallocated capital expenditure and non-cash expenses during the period:

SEGEMENT ASSETS Segment assets

Unallocated corprate assets

Consolidated corporate assets SEGEMENT LIABILITIES Segment liabilities

Unallocated corporate liabilities

Consolidated corporate liabilities

CAPITAL EXPENDITURE

Uncollected capital expenditure Consolidted capital expenditure Unallocated depreciation/Amortization

In Rupees 178,119,120

300,971,904

178,152,695

296,119,657

95,303,386

161,036,286

98,064,060

162,998,913

237,225,681

400,845,598

172,325,657

286,434,142

13,386,796

22,619,972

18,262,182

30,354,809

-

1,122,227,585

899,045

-

988,028,507

549,121

524,034,983

1,122,227,585

1,646,262,568

885,473,760

899,045

886,372,805

148,500 148,500

2,945,893

466,804,594

988,028,507

1,454,833,101

775,907,521

549,121

776,456,642

5,201,680 5,201,680 2,613,589

13.1 No figure for diluted earnings per share has been presented as the Company has not issued any instrument which would have an impact on earnings per share when exercised.

14. DATE OF AUTHORIZATION FOR ISSUE

These financial statements have been authorized for issue on 29th April, 2015 by the Board of Directors of the Company.

15. GENERAL

Figures have been rounded off to the nearest rupee.

13. EARNINGS PER SHARE –BASIC AND DILUTED

Profit after tax for the period Weighted average number of ordinary shares Earnings per share-basic and diluted

34,670,765 40,345,875

0.86

24,958,251 40,345,875

0.62

March 31, 2015

March 31, 2014

(Rupees)





Karachi 29 April, 2015


Offices

Reliance Insurance House PABX : 34539415-17181-A, Sindhi Muslim Co-operative Fax : 34539412Housing Society, E-mail : [email protected]. [email protected]. Web : www.relianceins.com

Mr. A. Razak Ahmed Direct : 34539413, 34539414Chief Executive & Managing Director Extension : 204

Mr. Haroon A. Shakoor Direct : 34539409Chief Accountant & Extension : 203Company Secretary

Mr. Syed Rizwan Akhtar Direct : 34304067Executive Vice President (Operations) Extension : 210

Mr. M. Amin Bawany Direct : 34557079Vice President (Marine & Accident) Extension : 201

Mr. Muhammad Ishaque Azim Direct : 34304068Vice President (Fire) Extension : 212

Mr. Sadruddin Hussain Direct : 34550403Vice President (Claims) Extension : 208

Mr. Ghulam Mujaddid Extension : 205Chief Manager (Accounts)

Mr. Abdul Rahim Patni Direct : 34539411Deputy Chief Manager (Reinsurance) Extension : 215

Mr. Muhammad Saleem Memon Extension : 214Deputy Chief Manager (Investment/shares)

Mr. Muhammad Masood Ali Extension : 202Deputy Chief Manager (I.T. Deptt.)

Mr. Muhammad Masood Alam Direct : 34539411Manager (Administration) Extension : 206

Mr. Mahmood Shuja Baig Extension : 209Manager (Internal Auditor)

South Zone Offices & Branches

Business Plaza Branch407, 4th floor, Business Plaza, Mr. Muhammad Iqbal Dhedhi Ph (021) 32419581, 32419582Off. I.I.Chundrigar Road, Karachi. Executive Vice President Fax (021) 32421314, 32421317

Tariq Road BranchRoom No. A-2 & A-3, Mr. Zafar A. Pasha Ph (021) 34527806, 345324271st Floor, Rahat Jo Daro, Executive Vice President 34525376, 34322642Plot No.172/L, Block-2, PECHS, Fax (021) 34522829Main Tariq Road, Karachi.

Namco Centre Branch1-A, 5th Floor, Campbell Street, Mr. Iqbal Umer Bawany Ph (021) 32625716, 32624427Karachi. Vice President Fax (021) 32624783


Offices

Land Mark Plaza Branch405, 4th Floor, Land Mark Plaza, Mr. Muhammad Reza Rajani Ph (021) 32628777, 32628778Off. I. I. Chundrigar Road, Assistant Vice President Fax (021) 32628779Karachi.

M. A. Jinnah Road Branch101, Japan Plaza, Mr. Rizwan Ahmed Khan Ph (021) 32727076, 32729961M. A. Jinnah Road, Karachi. Branch Manager Fax (021) 32722601

Hyderabad Branch1st Floor, Al-Falah Chamber, Mr. Abdullah Ahmed Ph (022) 2615774Tilak Road, Hyderabad. Regional Manager Fax (022) 2623029

North Zone Offices & Branches

Zonal Office, Lahore (North Zone)4th Floor, Gardee Trust Building. No.2, Mr. Hassan Sabih PABX (042) 37239063, 37353292Napier Road, Lahore. Chief Manager 37234255, 37351353 Direct (042) 37354689 Fax (042) 37312526 Regional Office, Lahore90-A/3, 1st Floor, Canal Park, Mr. Fahd Barlas Ph (042) 35761077, 35761078Gulberg-II, Lahore. Vice President 35763446, 35763447 Fax (042) 35761235Gulberg BranchHouse No.17-A, Block-E/1, Mr. Tehseen Ahmed Khan Ph (042) 35752245, 35752989Gulberg-III, Lahore. Executive Vice President 35751971, 35756557 Fax (042) 35756217

Al-Rehman Branch2nd Floor, Al-Rehman Building , Mr. Nisar Ahmed Chughtai Ph (042) 37323113, 37322473Regal Cinema Lane, 65, The Mall, Senior Vice President 37354848Lahore. Fax (042) 37247925 Garden Town BranchSuit No.17, 1st Floor, Shan Arcade, Mr. Basit Anwar Butt Ph (042) 35889258, 35889259New Garden Town, Lahore. Executive Vice President Fax (042) 35889260

Eden Centre Branch321, Eden Centre, Mr. Ch. H.S. Asghar Ph (042) 37423613, 3742361443 Ghausal Azam Road, (Jail Road) Vice President Fax (042) 37425649Lahore.

Empress Tower BranchRoom No.18,1st Floor, Mr. S.Azhar Ali Shah Ph (042) 36297253, 36297254Empress Tower, Senior Vice President Fax (042) 3629725546 Empress Road, Lahore.

Khan Plaza Branch4th Floor, Khan Plaza, Mr. Sohailuddin Zafar Ph (055) 4215422, 4216422G. T. Road, Gujranwala. Assistant Vice President Fax (055) 4448139

Gujrat BranchMarhaba Tower (Top Floor) Opp. Mr. Muhammad Nawaz Ph (053) 3522127Ram Piary Mahal Near Fawara Chawk,. Gujrat.

Faisal Complex Branch3rd Floor, Faisal Complex, Mr. A. Majeed Abid Ph (041) 2611938, 2611939Bilal Road, Civil Lines, Faisalabad. Senior Vice President 2626480 Fax (041) 2621033


Offices

Taj Plaza BranchRoom No.16, 2nd Floor, Taj Plaza, Mr. Muhammad Akhlaq Ph (041) 2617277, 2622182Kotwali Road, Faisalabad. Vice President 2615922 Fax (041) 2412010United Plaza Branch3,3rd Floor, United Plaza, Mr. Abdul Karim Siddiqi Ph (051) 4854200Shamsabad, Murree Rd. Rawalpindi. Vice President Fax (051) 4580008

Royal Plaza Branch8, 1st Floor, Royal Plaza, Mr. Aamir Manzoor Ph (051) 4423944, 44239556th Road, . Rawalpindi. Vice President Fax (051) 4421969

Peshawar BranchT-3 & 4, Bilour Shopping Plaza, - Ph (091) 5274617, 52773283rd Floor, Saddar Road, . Fax (091) 5284683 Peshawar Cantt.

Regional Office Multan1st Floor, 5-Commercial Plaza, Mr. Syed Mohsin Bukhari Ph (061) 4517349Opp. Civil Hospital, Abdali Road, Assistant Manager Fax (061) 4510049Multan.

Khanpur BranchOld Ghalla Mandi, Khanpur, Mr. Abdul Razzak Choudhry Ph (068) 5572772Distt. Rahimyar Khan. Vice President Fax (068) 5572772

Hasilpur Branch27-B, 1st Floor, Main Bazar, Mr. Muhammad Shafi Anjum Ph (062) 2442473Hasilpur. Senior Vice President Fax (062) 2448073

Sialkot BranchRoom No.4 & 5, 1st Floor, Mr. Ghulam Rasool Farrukh Zahidi Ph (052) 4296075, 4296076 Mughal Plaza, Kutchery Road, Branch Manager Fax (052) 4296077Sialkot.

Gojra BranchP-132, Post Office Road, Mrs. Shahnaz Akhtar Ph (046) 3511917Gojra. Branch Manager Fax (046) 3513111

Rahimyar KhanGulshan-e-Iqbal Mr. Shahid Razzak Resident Representative Cell 0301-7619190

SukkurMinara Road, Sukkur. Mr. Anees Memon Ph (071) 5622619 Resident Representative Cell 0300-3138090


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