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Modaraba Company
Paramount Investments Limited

STATEMENT OF ETHICS AND BUSINESS PRACTICES

We believe a complete code of ethics is a prerequisite for all Directors and employers of First Paramount Modaraba. We endeavour to have fully groomed employees committed to the Philosophy behind the code of ethics to caryy out honestly activities assigned to them. Our aim is to have highest standard of excellence for the product and the betterment for all those involved directly directly or indirectly with out Modaraba.

BOARD OF DIRECTORS
Mr. Tanweer Ahmed Magoon Chairman
Mr. Ahmed Kasam Parekh Director
Mr. Abdul Razzak Jangda Director
Mr. Pir Mohammad A. Kaliya Director
Mr. Abid Aziz (Nominee Director of Pak Libya Holding Co. Limited) Director
Mr. Muhammad Hussain Mehanti Director
Mr. Masood Ahmed Shaikh Director
Mr. Nadeem Iqbal Director
   
Mr. Abdul Ghaffar Umer Chief Executive Officer
   
AUDIT COMMITTEE  
Mr. Tanweer Ahmed Magoon Chairman
Mr. Ahmed Kasam Parekh Director
Mr. Pir Mohammad A. Kaliya Director
Mr. Naseemuddin Zuberi Secretary
   
MANAGEMENT COMMITTEE  
Mr. Tanweer Magoon Chairman
Mr. Abdul Ghaffar Umer Chief Executive Officer
Mr. Ahmed Kasam Parekh Director
Mr. Nadeem Iqbal Director
   
CHIEF FINANCIAL OFFICER  
Mr. Naseemuddin Zubairi Chief Financial Officer
   
   
AUDITORS OF THE COMPANY
M/s M.Yousuf Adil Saleem & Company
Chartered Accountants
 
AUDITORS OF THE MODARABA COMPANY
M/s. Rahim Jan & Co.
Chartered Accountants
 
SHARIAH ADVISORS
Mufti Abdul Sattar Laghari (Map)
 
LEGAL ADVISORS
M/s. Raja Qasit Nawaz, Advocates
 
BANKERS
Al-Baraka Islamic Bank B.S.C. (E.C.) Pakistan
Bank Islami Pakistan Ltd.
Allied Bank of Pakistan Ltd.
Bank Al-Habib Limited
Habib Bank Limited
 
REGISTERED OFFICE
Room # 107 - 108, 1st Floor, P.E.C.H.S., Community Office Complex,
Block - 2 PECHS, Shahrah-e-Quaideen Karachi.
Ph : 4381037 - 38 - 52 Fax 4534410
Email : fpm@cybet.net.pk
Web www.fpm.com.pk
 
REGISTRAR
THK ASSOCIATES (PVT) LTD.
Ground Floor, State Life Building no 3
Dr. Ziauddin Ahmed Road
Karachi 75530.
Tel no 111-000-322
Fax : 5655595.
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