Annex 1

Annex 1.1: List of Scheduled Banks Operating in Pakistan

As on 31st December 2003 Public Sector Commercial Banks 1 2 3 4 5 First Women Bank Ltd. Habib Bank Ltd.1 National Bank of Pakistan The Bank of Khyber The Bank of Punjab Domestic Private Banks 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Foreign Banks 1 2 3 4 5 6 7 8 9 10 11 12 13 14
1 2

As on 31st December 2004 Public Sector Ccommercial Banks 1 2 3 4 First Women Bank Ltd. National Bank of Pakistan The Bank of Khyber The Bank of Punjab

Domestic Private Banks 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Muslim Commercial Bank Ltd Allied Bank of Pakistan Ltd. United Bank Ltd. Askari Commercial Bank Ltd. Bank Al-Falah Ltd. Bank Al-Habib Ltd. Bolan Bank Ltd. Faysal Bank Ltd. Metropolitan Bank Ltd. KASB Bank Ltd. Prime Commercial Bank Ltd. Saudi Pak Commercial Bank Ltd. Soneri Bank Ltd. Union Bank Ltd. Meezan Bank Ltd PICIC Commercial Bank Ltd NDLC-IFIC Bank Ltd. Crescent Bank Ltd.

Askari Commercial Bank Ltd. Bank Al-Falah Ltd. Bank Al-Habib Ltd. Bolan Bank Ltd. Faysal Bank Ltd. Metropolitan Bank Ltd. KASB Bank Ltd. Prime Commercial Bank Ltd. Saudi Pak Commercial Bank Ltd. PICIC Commercial Bank Ltd Soneri Bank Ltd. Union Bank Ltd. Muslim Commercial Bank Ltd Allied Bank of Pakistan Ltd. United Bank Ltd. Meezan Bank Ltd NDLC-IFIC Bank Ltd. Crescent Bank Ltd. Habib Bank Ltd. Dawood Bank Ltd.

Foreign Banks 1 2 3 4 5 6 7 8 9 10 11 ABN AMRO Bank Al- Baraka Islamic Bank American Express Bank Ltd. The Bank of Tokyo-Mitsubishi Citibank N.A. Deutsche Bank A.G. Habib Bank A.G. Zurich The Hong Kong & Shanghai Banking Corporation Ltd. Oman International Bank S.A.O.G. Rupali Bank Ltd. Standard Chartered Bank

ABN AMRO Bank Al Baraka Islamic Bank American Express Bank Ltd. Bank of Ceylon2 The Bank of Tokyo - Mitsubishi Citibank N.A. Credit Agricole Indosuez3 Deutsche Bank A.G. Doha Bank4 Habib Bank A.G. Zurich Oman International Bank S.A.O.G. Rupali Bank Ltd. Standard Chartered Bank The Hong Kong & Shanghai Banking Corporation Ltd.

Habib Bank Ltd was privatized on 26.2.2004. Bank of Ceylon was merged with Dawood Commercial Bank on 25.3.2004. 3 Credit Agricole Indosuez was merged with NDLC-IFIC Bank on 19.4.2004. 4 Doha Bank was merged with Trust Commercial Bank which was later merged with Crescent Commercial Bank.

Pakistan: Financial Sector Assessment 2004

Specialized banks 1 2 3 Zarai Taraqiati Bank Ltd. Punjab Provincial Cooperative Bank Ltd Industrial Development Bank of Pakistan

Specialized banks 1 2 3 Zarai Taraqiati Bank Ltd. Punjab Provincial Cooperative Bank Ltd Industrial Development Bank of Pakistan

Micro Finance Banks 1 2 Khushali Bank The First Micro Finance Bank Ltd

Micro Finance Banks 1 2 Khushali Bank First Micro Finance Bank Ltd

Annex 1.2: List of NBFIs Operating in Pakistan

As on 31st December 2003 Development Finance Institutions 1 2 3 4 5 6 Pakistan Kuwait Investment Company (Pvt) Ltd. Pak-Libya Holding Co. (Pvt) Ltd. Pakistan Industrial Credit & Investment Corporation Ltd. Saudi Pak Industrial & Agricultural Inv. Co. (Pvt) Ltd. Pak-Oman Investment Company Limited SME Bank 1 2 3 4 5 6 As on 31st December 2004 Development Finance Institutions Pakistan Kuwait Investment Company (Pvt) Ltd. Pak-Libya Holding Co. (Pvt) Ltd. Pakistan Industrial Credit & Investment Corporation Ltd. Saudi Pak Industrial & Agricultural Inv. Co. (Pvt) Ltd. Pak-Oman Investment Company Limited SME Bank

As on 30th June 2003 Investment Banks 1 2 3 4 5 6 7 8 9 10 11 12 Atlas Investment Bank Ltd. Escorts Investment Bank Ltd. Crescent Investment Bank Ltd. Fidelity Investment Bank Ltd. First international Investment Bank Ltd. First Standard Investment Bank Limited Islamic Investment Bank Ltd. Jahangir Siddiqui Investment Bank Ltd. Orix Investment Bank Ltd. Prudential Investment Bank Ltd. Security Investment Bank Ltd. Trust Investment Bank Ltd.. Investment Banks 1 2 3 4 5 6 7 8 9

As on 30th June 2004 Atlas Investment Bank Ltd. Escorts Investment Bank Ltd. First International Investment Bank Ltd. Jahangir Siddiqui Investment Bank Ltd. Orix Investment Bank Ltd. Security Investment Bank Ltd. Prudential Investment Bank Ltd. Crescent Standard Investment Bank First Dawood Investment Bank

Leasing Companies 1 2 3 4 5 6 7 8 9 10 11 Askari Leasing Company Ltd. Capital Assets Leasing Corporation Ltd. Crescent Leasing Company Ltd. Dawood Leasing Company Ltd. First Leasing Corporation Grays Leasing Ltd. Ibrahim Leasing Ltd. Inter Asia Leasing Company Ltd. International Multi Leasing Corporation Ltd. Lease Pak Ltd. Natover Lease & Refinance Ltd.

Leasing Companies 1 2 3 4 5 6 7 8 9 10 11 Askari Leasing Company Ltd. Capital Assets Leasing Corporation Ltd. Crescent Leasing Company Ltd. Grays Leasing Ltd. Inter Asia Leasing Company Ltd. Ibrahim Leasing Ltd. International Multi Leasing Corporation Ltd. Natover Lease & Refinance Ltd. Network Leasing Corporation Ltd. Orix Leasing Pakistan Ltd. Pak-Gulf Leasing Ltd.

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12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Network Leasing Corporation Ltd. Orix Leasing Pakistan Ltd. Pacific Leasing Corporation Ltd. KASB Leasing Pak-Gulf Leasing Ltd. Pakistan Industrial & Commercial Leasing Ltd. Paramount Leasing Ltd. Saudi Pak Leasing Company Ltd. Security Leasing Company Ltd. Sigma Leasing Corporation Ltd. Trust Leasing Corporation Ltd. Union Leasing Ltd. Universal Leasing Corporation Ltd. English Leasing National Asset Leasing Asian Leasing 12 13 14 15 16 17 18 19 20 21 22 Pakistan Industrial & Commercial Leasing Ltd. Security Leasing Company Ltd. Sigma Leasing Corporation Ltd. Saudi Pak Leasing Company Ltd. Trust Leasing Corporation Ltd. Union Leasing Ltd. Universal Leasing Corporation Ltd. English Leasing Company Ltd. National Asset Leasing Asian Leasing SME Leasing Ltd.

Modarabas 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Al-Noor Modaraba 1st Allied Bank Modaraba 1st Al-Zamin Leasing Modaraba B.F. Modaraba B.R.R. International Modaraba Constellation Modaraba 1st Custodian Modaraba 1st Elite Capital Modaraba 1st Equity Modaraba 1st Fayzan Manufacturing Modaraba Fidelity Leasing Modaraba 1st Financial Link Modaraba General Leasing Modaraba 1st Grindlays Modaraba 1st Guardian Leasing Modaraba Habib Bank Modaraba 1st Habib Modaraba 1st Hajveri Modaraba 1st IBL Modaraba 1st Imrooz Modaraba 1st Interfund Modaraba 1st Islamic Modaraba 1st Long-term Venture Capital Modaraba Mehran Modaraba 1st Modaraba Al Tijarah Modaraba Al Mali National Bank Modaraba 1st Pak Modaraba 1st Paramount Modaraba 1st Prudential Modaraba 1st Punjab Modaraba 1st Tri-Star Modaraba 1st Tri-Star Modaraba 2nd

Modarabas 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Al-Noor Modaraba 1st Allied Bank Modaraba 1st Al-Zamin Leasing Modaraba B.F. Modaraba B.R.R. International Modaraba Constellation Modaraba 1st Elite Capital Modaraba 1st Equity Modaraba 1st Fayzan Manufacturing Modaraba Fidelity Leasing Modaraba 1st Guardian Leasing Modaraba Habib Bank Modaraba 1st Habib Modaraba 1st Hajveri Modaraba 1st IBL Modaraba 1st Imrooz Modaraba 1st Interfund Modaraba 1st Islamic Modaraba 1st Long-term Venture Capital Modaraba Mehran Modaraba 1st Modaraba Al Tijarah Modaraba Al-Mali National Bank Modaraba 1st Pak Modaraba 1st Paramount Modaraba 1st Prudential Modaraba 1st Punjab Modaraba 1st Tri-Star Modaraba 1st Tri-Star Modaraba 2nd Trust Modaraba UDL Modaraba 1st Unicap Modaraba Standard Chartered Modaraba

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34 35 36 37 Trust Modaraba UDL Modaraba 1st Unicap Modaraba Unity Modaraba 34 35 Cresent Standard Modaraba National Moodaraba 1st

Housing Finance Companies 1 House Building Finance Corporation 2 International Housing Finance Ltd. 3 Asian Housing Finance Corporation Mutual Funds 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 1st ICP Mutual Fund 2nd ICP Mutual Fund 3rd ICP Mutual Fund 4th ICP Mutual Fund 5th ICP Mutual Fund 6th tICP Mutual Fund 7th ICP Mutual Fund 8th ICP Mutual Fund 9th ICP Mutual Fund 10th ICP Mutual Fund 11th ICP Mutual Fund 12th ICP Mutual Fund 13th ICP Mutual Fund 14th ICP Mutual Fund 15th ICP Mutual Fund 16th ICP Mutual Fund 17th ICP Mutual Fund 18th ICP Mutual Fund 19th ICP Mutual Fund 20th ICP Mutual Fund 21st ICP Mutual Fund 22nd ICP Mutual Fund 23rd ICP Mutual Fund 24th ICP Mutual Fund 25th ICP Mutual Fund ICP SEMF National Investment Trust Ltd. Golden Arrow Selected Stock Fund Tri-Star Mutual Fund Growth Mutual Fund Asian Stock Fund Prudential Stock Fund KASB Premier Fund Safeway Mutual Fund First Capital Mutual Fund Dominion Stock Fund Al-Meezan Mutual Fund Confidence Mutual Fund

Housing Finance Companies 1 2 3 House Building Finance Corporation International Housing Finance Ltd. Asian Housing Finance Corporation

Mutual Funds 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Unit Trust of Pakistan UTP Income Fund UTP Islamic Fund Meezan Islamic Fund Pakistan Stock Market Fund Pakistan Income Fund Atlas Income Fund Crosby Dragon Fund Dawood Money Market Fund Faysal Balanced Growth Fund United Money Market Fund Metropolitan Pakistan Sovereign Fund National Investment Trust ABAMCO Capital Fund ABAMCO Stock Market Fund ABAMCO Growth Fund ABAMCO Composite Fund PICIC Growth Fund Pakistan Capital Market Fund PICIC Investment Fund Al Meezan Mutual Funds Ltd. Asian Stock Fund Ltd. BSJS Balanced Funds Ltd. First Capital Mutual Fund Ltd. Golden Arrow Selected Stock Fund Ltd. Pakistan Premier Fund Ltd. Prudential Stock Fund Ltd. Safeway Mutual Fund Ltd. Tri-Star Mutual Fund Ltd.

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Discount Houses 1 2 3 4 First Credit & Discount Corporation (Pvt) Ltd. National Discounting Services Ltd. Prudential Discount & Guarantee House Ltd. Speedway Fondmetal (Pakistan) Limited Venture Capital Companies 1 2 3 4 Pakistan Venture Capital Ltd TRG Pakistan Limited TMT Venture Limited AMZ Venture Capital Ltd. Discount Houses 1 NBP Capital Ltd.

Venture Capital Companies 1 2 3 Pakistan Venture Capital Ltd. TMT Venture Limited TRG Pakistan Limited

Annex 1.3: List of Insurance Companies Registered Under Section 6 of The Insurance Ordinance, 2000
As on 31st December 2003 Non-Life Insurance Domestic Private 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Adamjee Insurance Company Ltd. Agro General Insurance Company Ltd. Allianz EFU Health Insurance Ltd. Alpha Insurance Company Ltd. Asia Insurance Company Ltd. Asian Mutual Insurance Company (Guarantee) Ltd. Askari General Insurance Company Ltd. Business and Industrial Insurance Company Ltd. Capital Insurance Company Ltd. Central Insurance Company Ltd. Century Insurance Company Ltd. Credit Insurance Company Ltd. Crescent Star Insurance Company Ltd. The Cooperative Insurance Society of Pakistan Ltd. Continental Insurance Company Ltd. Dadabhoy Insurance Company Ltd.* Delta Insurance Company Ltd.* EFU General Insurance Ltd. East West Insurance Company Ltd. Excel Insurance Company Ltd. Gulf Insurance Company Ltd.* Habib Insurance Company Ltd. Indus International Insurance Company Ltd. International General Insurance Co. of Pakistan Ltd. Ittefaq General Insurance Company Ltd.* Jupiter Insurance Company Ltd. Muslim Insurance Company Ltd. National General Insurance Company Ltd.* New Jubilee Insurance Company Ltd. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Non-life Insurance Domestic Private Adamjee Insurance Company Ltd. Agro General Insurance Company Ltd. Allianz EFU Health Insurance Ld. Alpha Insurance Company Ltd. Asia Insurance Company Ltd. Asian Mutual Insurance Company of Pakistan Ltd. Askari General Insurance Company Ltd. Business and Industrial Insurance Company Ltd. Capital Insurance Company Ltd. Central Insurance Company Ltd. Century Insurance Company Ltd. Credit Insurance Company Ltd. Crescent Star Insurance Company Ltd. The Cooperative Insurance Society of Pakistan Ltd. Continental Insurance Company Ltd. Dadabhoy Insurance Company Ltd. Delta Insurance Company Ltd. * EFU General Insurance Ltd. East West Insurance Company Ltd. Excel Insurance Company Ltd. Gulf Insurance Company Ltd.* Habib Insurance Company Ltd. International General Insurance Co. of Pakistan Ltd. Ittefaq General Insurance Company Ltd.* Jupiter Insurance Company Ltd. Muslim Insurance Company Ltd. National General Insurance Company Ltd.* New Jubilee Insurance Company Ltd. North Star Insurance Company Ltd. As on 31st December 2004

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30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 North Star Insurance Company Ltd. Orient Insurance Company Ltd. Pak Equity Insurance Company Ltd. Pakistan General Insurance Company Ltd. Pakistan Guarantee Insurance Company Ltd.* Pakistan Mutual Insurance Company Ltd. Platinum Insurance Company Ltd. Premier Insurance Company of Pakistan Ld. Prime Insurance Company Ltd. Raja Insurance Company Ltd.* Reliance Insurance Company Ltd. Sea field Insurance Company Ltd. Shaheen Insurance Company Ltd. Silver Star Insurance Company Ltd. Union Insurance Company of Pakistan Ld. United Insurance Company of Pakistan Ltd. Universal Insurance Company Ltd. Foreign 1 2 3 4 Ace Insurance Limited CGU International Insurance Plc. New Hampshire Insurance Company Royal and Sun Alliance Insurance Plc. State Owned 1 National Insurance Company Limited 1 State Owned National Insurance Corporation Limited 1 2 Foreign Ace Insurance Limited New Hampshire Insurance Company
*

30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45

Pak Equity Insurance Company Ltd. Pakistan General Insurance Company Ltd. Pakistan Guarantee Insurance Company Ltd.* Pakistan Mutual Insurance Company Ltd. Platinum Insurance Company Ltd. Premier Insurance Company Ltd. Progressive Insurance Company Ltd. Raja Insurance Company Ltd.* Reliance Insurance Company Ltd. Sea field Insurance Company Ltd. Security General Insurance Company Ltd. Seafield Insurance Company Ltd Silver Star Insurance Company Ltd. Union Insurance Company of Pakistan Ld. United Insurance Company of Pakistan Ld. Universal Insurance Company Ltd.

Security General Insurance Company Ltd.

Life Insurance Domestic Private 1 2 EFU Life Assurance Ltd. Metropolitan Life Assurance Company Foreign 1 2 American Life Insurance Company Commercial Union Life Assurance Co. (Pakistan) Ltd. State Owned 1 State Life Insurance Corporation Ltd.

Life Insurance Domestic Private 1 2 EFU Life Assurance Ltd. Metropolitan Life Assurance Company Foreign 1 2 American Life Insurance Company New Jubilee Life Insurance Company Ltd. State Owned 1 State Life Insurance Corporation Ltd.

Reinsurance State Owned 1 Pakistan Reinsurance Company Limited

Reinsurance State Owned 1 Pakistan Reinsurance Company Limited

* The operations of these insurance companies were ceased by the Securities and Exchange Commission of Pakistan due to shortfall in paid up capital.

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Annex 2: Group-wise data of Select Financial Variables of Banks

Table 2A.1 Public Sector Commercial Banks billion Rupees CY90 Paid-up capital Equity Deposits Liabilities Advances Investment Assets Income Expense 6.5 14.9 329.7 377.3 201.2 104.1 392.3 37.6 35.9 CY95 6.3 20.0 523.7 590.5 271.7 189.9 610.4 61.3 58.0 CY96 6.5 14.2 569.0 642.3 288.8 192.6 656.5 60.1 64.9 CY97 6.7 -4.5 597.1 694.6 288.7 193.8 696.9 70.4 93.2 CY98 37.5 27.2 659.0 750.9 306.3 233.8 789.3 80.6 83.6 CY99 37.6 19.2 701.4 813.0 356.5 211.6 844.1 81.7 85.0 CY00 45.7 41.1 743.7 861.0 401.7 182.6 902.0 85.0 81.0 CY01 48.3 35.1 795.2 911.5 427.7 175.9 946.5 86.8 86.6 CY02 18.1 49.2 721.9 828.4 319.7 303.8 877.6 66.3 55.4 CY03 18.5 58.9 799.4 900.6 365.2 346.2 959.4 57.3 41.2 CY04 7.9 53.5 544.8 596.0 271.5 171.5 649.5 34.7 20.4

Table 2A.2: Domestic Private Banks billion Rupees CY90 Paid-up capital Equity Deposits Liabilities Advances Investment Assets Income Expense 0.8 2.1 60.1 71.5 32.9 23.0 73.5 6.3 6.0 CY95 7.8 13.3 210.1 252.1 121.2 79.2 265.5 29.1 25.0 CY96 8.9 15.1 250.7 298.4 142.1 91.1 313.4 35.8 31.7 CY97 9.8 16.9 303.7 355.3 172.0 131.5 373.4 47.1 42.3 CY98 10.2 17.3 327.3 385.4 186.5 134.8 405.5 50.4 47.1 CY99 10.5 19.2 354.7 426.9 211.4 115.8 448.7 50.0 46.0 CY00 11.6 17.9 394.2 495.6 266.2 94.6 513.5 48.9 49.6 CY01 14.1 21.7 453.7 544.1 262.6 127.8 565.9 56.1 51.1 CY02 24.1 50.6 757.4 916.8 395.8 334.4 967.5 76.7 64.8 CY03 30.2 64.3 953.5 1,147.4 554.7 389.8 1,211.6 76.3 52.5 CY04 58.3 127.9 1,602.9 1,851.7 1,082.9 463.8 1,979.6 104.9 74.3

Table 2A.3: Foreign Banks billion Rupees CY90 Paid-up capital Equity Deposits Liabilities Advances Investment Assets Income Expense 1.8 2.5 24.9 30.8 17.3 7.3 33.4 4.0 2.8 CY95 11.4 13.6 122.0 138.9 70.2 39.3 152.5 19.1 16.0 CY96 13.9 16.7 176.3 196.0 89.2 66.2 212.6 26.5 21.3 CY97 17.0 21.2 221.3 247.6 120.1 78.4 268.9 39.2 31.8 CY98 19.0 23.3 212.9 240.0 120.6 70.6 263.3 40.1 35.5 CY99 21.3 24.4 183.2 228.1 125.0 32.6 252.6 35.0 30.4 CY00 22.0 24.6 187.4 256.0 134.0 21.2 280.6 30.1 26.4 CY01 23.0 27.6 207.8 296.1 138.8 42.7 323.7 35.6 30.6 CY02 21.5 29.6 182.8 249.9 131.6 57.3 279.6 24.4 17.8 CY03 19.4 26.5 192.5 240.8 121.8 43.4 267.3 18.4 11.0 CY04 20.1 27.2 227.0 276.4 159.2 30.9 303.6 17.9 10.7

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Table 2A.4: Specialized Banks billion Rupees CY90 Paid-up capital Equity Deposits Liabilities Advances Investment Assets Income Expense 1.7 5.3 2.7 51.2 47.8 3.3 56.5 4.5 3.5 CY95 3.6 8.6 9.8 81.2 68.6 4.0 89.7 7.7 7.3 CY96 3.7 8.9 10.1 83.6 72.3 4.0 92.5 8.1 7.4 CY97 3.7 8.9 9.4 88.4 73.9 5.9 97.3 8.7 7.9 CY98 3.7 -0.2 10.6 98.4 71.6 6.1 98.2 7.2 12.5 CY99 3.7 1.6 13.8 107.0 85.2 5.7 108.6 12.2 9.1 CY00 3.7 -1.3 15.6 112.8 86.2 6.0 111.5 12.6 15.1 CY01 3.7 -10.9 18.0 117.1 81.2 4.7 106.2 13.7 22.8 CY02 3.5 -22.6 16.3 121.1 74.2 5.5 98.5 13.7 24.1 CY03 9.2 -9.9 16.9 109.6 64.0 6.8 99.7 14.8 18.1 CY04 9.3 -11.7 17.3 115.2 62.3 6.9 103.5 11.3 13.9

Table 2A.5: All Banks billion Rupees CY90 Paid-up capital Equity Deposits Liabilities Advances Investment Assets Income Expense 10.8 24.8 417.4 530.8 299.2 137.7 555.7 52.4 48.2 CY95 29.1 55.5 865.6 1,062.7 531.7 312.4 1,118.1 117.2 106.3 CY96 33.0 54.9 1,006.1 1,220.3 592.4 353.9 1,275.0 130.5 125.3 CY97 37.2 42.5 1,131.5 1,385.9 654.7 409.6 1,436.5 165.4 175.2 CY98 70.4 67.6 1,209.8 1,474.7 685.0 445.3 1,556.3 178.3 178.7 CY99 73.1 64.4 1,253.1 1,575.0 778.1 365.7 1,654.0 178.9 170.5 CY00 82.9 82.2 1,340.9 1,725.4 888.0 304.3 1,807.6 176.6 172.1 CY01 89.1 73.4 1,474.7 1,868.9 910.4 351.1 1,942.3 192.1 191.1 CY02 67.2 106.8 1,678.4 2,116.2 921.3 701.0 2,223.1 181.1 162.1 CY03 77.4 139.7 1,962.2 2,398.4 1,105.7 786.2 2,538.0 166.9 122.8 CY04 95.6 196.9 2,392.0 2,839.4 1,575.9 673.1 3,036.3 168.8 119.2

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Annex 3: Group-wise data of Select Financial Variables of NBFIs

Table 3A.1: Development Finance Institutions billion Rupees CY90 Paid-up capital Equity Deposits Liabilities Advances Investment Assets Income Expense 3.8 8.5 17.5 42.7 32.3 9.5 51.2 5.5 3.8 CY95 6.5 14.8 45.2 98.7 62.8 25.5 113.5 12.3 10.1 CY96 7.3 12.8 49.9 112.6 61.8 30.5 125.4 12.7 12.9 CY97 7.4 13.4 79.7 146.1 88.5 33.6 159.5 16.6 14.7 CY98 7.6 11.3 59.2 120.2 65.3 24.6 131.5 18.0 16.8 CY99 7.6 -5.2 49.9 108.6 45.2 25.7 103.4 10.2 14.6 CY00 7.6 -10.7 43.4 102.2 45.3 25.6 91.5 9.9 14.4 CY01 6.7 9.7 10.9 51.4 21.1 21.9 61.1 7.8 6.6 CY02 8.2 17.3 12.7 51.4 19.9 30.2 68.7 8.1 4.0 CY03 8.7 24.9 16.8 53.9 17.8 41.9 78.8 10.2 4.3 CY04 10.4 30.0 22.6 63.7 28.6 43.5 93.7 8.7 2.8

Table 3A.2: Investment Banks billion Rupees FY90 Paid-up capital Equity Deposits Liabilities Loans & advances Investment Assets Income Expense 0.5 0.5 1.8 1.9 1.7 2.6 2.4 0.1 0.1 FY95 2.6 3.9 23.0 26.5 16.4 8.9 30.5 4.4 3.6 FY96 3.0 4.4 29.7 32.4 18.9 10.2 36.8 6.9 6.0 FY97 3.3 5.0 32.6 36.7 21.2 12.7 41.7 5.9 5.2 FY98 4.3 5.7 35.4 40.2 22.5 11.9 45.9 6.7 6.2 FY99 4.4 5.6 36.7 43.1 20.9 14.9 48.7 7.4 6.4 FY00 4.4 5.7 26.0 35.8 20.0 11.8 41.5 7.4 6.4 FY01 3.2 2.8 11.2 25.2 12.5 11.6 28.0 2.8 3.6 FY02 3.9 4.1 11.1 22.9 10.1 11.3 27.0 4.8 4.4 FY03 3.7 4.8 12.8 31.3 10.7 19.9 36.1 4.7 4.0 FY04 3.6 4.8 9.9 27.9 12.4 16.4 32.7 3.6 2.1

Table 3A.3: Leasing Companies million Rupees FY90 Paid-up capital Equity Deposits Liabilities Lease finance Investment Assets 303 729 280 5,539 1,896 82 6,268 FY95 3,139 5,330 2,112 15,094 10,237 458 20,424 FY96 3,768 6,404 3,471 21,033 14,984 602 27,437 FY97 4,155 7,217 4,662 24,141 16,032 825 31,358 FY98 4,328 7,457 4,529 25,583 15,007 1,025 33,040 FY99 4,429 7,521 5,336 27,994 16,352 921 35,515 FY00 4,912 8,380 10,624 32,533 26,906 2,715 40,913 FY01 5,296 8,702 14,405 39,295 31,690 3,788 47,997 FY02 5,163 7,653 13,632 38,579 30,256 3,199 46,232 FY03 5,548 7,692 16,201 39,149 34,846 5,864 46,842 FY04 4,569 6,880 15,461 37,921 34,102 4,414 44,801

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Table 3A.4: Modarabas million Rupees FY95 Paid-up capital Equity Deposits Liabilities Advances Investment Assets 6,710 7,418 571 5,348 7,776 1,105 12,765 FY96 6,760 7,365 654 5,328 7,308 1,500 12,693 FY97 6,760 7,569 717 6,350 9,159 1,015 13,920 FY98 7,067 7,876 792 7,316 10,118 1,346 15,192 FY99 6,765 7,039 790 7,780 9,887 1,721 14,819 FY00 7,432 7,467 839 7,898 9,354 2,625 15,365 FY01 7,467 6,671 888 8,833 9,835 2,744 15,504 FY02 8,616 7,727 1,361 9,785 10,212 2,657 17,512 FY03 8,187 7,983 1,955 7,990 10,313 1,969 15,973 FY04 8,081 8,691 2,702 9,472 11,517 2,456 18,163

Table 3A.5: Housing Finance Companies million Rupees FY90 Paid-up capital Equity Deposits Liabilities Advances Investment Assets Income Expense 200 456 16,041 14,539 445 16,497 661 273 FY95 423 1,165 57 18,277 13,738 3,445 19,443 1,680 372 FY96 485 1,677 145 18,488 13,617 4,411 20,165 1,709 477 FY97 485 2,171 124 18,200 13,569 4,732 20,371 1,850 545 FY98 485 2,817 101 18,486 13,376 5,931 21,303 2,102 636 FY99 485 3,340 231 18,204 11,713 3,388 21,543 1,632 705 FY00 485 3,801 133 18,460 11,387 6,012 22,261 1,825 585 FY01 485 4,507 68 19,092 11,518 5,929 23,599 3,229 1,976 FY02 525 4,860 20 17,574 10,564 5,085 22,434 1,912 1,267 FY03 425 4,886 35 16,676 11,143 4,343 21,562 1,785 1,252 FY04 526 4,346 22 15,147 12,039 1,765 19,493 1,322 2,295

Table 3A.6: Discount Houses million Rupees FY90 Paid-up capital Equity Liabilities Investment Assets Income Expense 10.0 14.0 915.0 11.0 929.0 74.0 70.0 FY95 110.0 259.0 553.0 445.0 812.0 63.0 22.0 FY96 185.0 353.0 623.0 568.0 976.0 152.0 63.0 FY97 635.0 822.0 702.0 902.0 1,524.0 227.0 79.0 FY98 635.0 886.0 717.0 808.0 1,603.0 270.0 110.0 FY99 635.0 916.0 685.0 924.0 1,601.0 239.0 77.0 FY00 647.4 1,011.9 793.5 566.4 1,805.4 221.8 108.6 FY01 707.0 1,038.3 357.1 721.1 1,395.4 259.6 140.1 FY02 707.0 1,171.5 355.7 666.7 1,527.2 174.2 96.4 FY03 707.0 1,208.3 778.7 1,345.8 1,986.9 256.0 251.9 FY04 500.0 640.1 700.7 828.4 1,340.8 102.0 45.4

Table 3A.7: Venture Capital Companies million Rupees FY90 Paid-up capital Equity Liabilities Investment Assets Income Expense 1.0 1.0 3.0 0.0 4.0 0.0 0.0 FY95 100.0 127.0 7.0 97.0 134.0 4.0 3.0 FY96 100.0 131.0 1.0 106.0 133.0 18.0 8.0 FY97 475.0 532.0 98.0 570.0 629.0 57.0 18.0 FY98 475.0 527.0 724.0 1,036.0 1,251.0 113.0 74.0 FY99 475.0 505.0 753.0 899.0 1,265.0 239.0 129.0 FY00 475.0 367.9 659.6 771.8 1,027.4 238.0 367.4 FY01 475.0 278.5 67.2 284.5 345.7 48.4 135.4 FY02 480.0 227.5 44.1 190.9 271.6 26.0 1.6 FY03 807.0 809.0 45.5 160.5 854.4 27.1 97.5 FY04 733.0 630.7 364.1 0.0 994.8 23.1 80.9

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Annex 4: Group-wise data of Selected Financial Variables of Insurance Companies

Table 4A.1: Non-Life Insurance Business in Pakistan million Rupees CY01 Paid-up capital Equity Investments Gross Premium Net Premium Net Claims Incurred Management Expenses Net Profit after tax Total Assets 5,005 11,250 12,114 12,643 7,835 5,088 2,098 1,514 26,534 CY02 5,477 13,284 10,720 15,221 8,810 4,949 2,237 2,731 30,207 CY03 5,965 15,316 14,605 19,571 9,740 5,266 2,583 2,642 37,266 CY04 6,300 17,415 16,207 17,163 8,567 6,563 3,409 3,368 43,288

Table 4A.2: Life Insurance Business in Pakistan million Rupees CY01 Paid-up capital Equity Investments Gross Premium Net Premium Net Claims Incurred Management Expenses Net Profit after tax Total Assets 1,937 1,129 69,385 8,328 8,028 5,833 3,336 302 83,543 CY02 1,977 1,327 79,834 10,315 9,994 5,388 3,916 246 95,563 CY03 2,202 1,826 89,190 13,029 12,662 6,687 4,767 394 107,618 CY04 2,117 1,750 98,584 14,632 14,207 7,866 5,664 311 123,676

Table 4A.3: Insurance Business in Pakistan million Rupees CY01 Paid-up capital Equity Investments Gross Premium Net Premium Net Claims Incurred Management Expenses Net Profit after tax Total Assets 6,942 12,379 81,499 20,971 15,863 10,921 5,434 1,816 110,077 CY02 7,454 14,611 90,554 25,536 18,804 10,337 6,153 2,977 125,770 CY03 8,167 17,142 103,795 32,600 22,402 11,953 7,350 3,036 144,884 CY04 8,417 19,165 114,791 31,795 22,774 14,429 9,073 3,679 166,964

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Table 4A.4: Reinsurance Business in Pakistan million Rupees CY01 Paid-up capital Equity Investments Gross Premium Net Premium Net Claims Incurred Management Expenses Net Profit after tax Total Assets 50 1,431 1,661 3,045 1,312 709 98 67 3,332 CY02 450 1,246 1,905 3,500 1,588 848 108 297 4,192 CY03 450 1,543 1,886 4,697 1,447 1,011 140 333 6,232 CY04 450 1,757 2,719 5,241 2,289 1,329 134 325 6,613

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Annex

Acronyms
Accounting and Auditing Organization for Islamic Financial Institutions ABL Allied Bank Limited ACD Agriculture Credit Department ADB Asian Development Bank ADBP Agriculture Development Bank of Pakistan ADDs Authorized Derivatives Dealers ADs Authorized Dealers AKFED Agha Khan Fund for Economic Development AKRSP Agha Khan Rural Support Program ATMs Automated Teller Machines BCO Banking Companies Ordinance BEL Bankers Equity Limited BID Banking Inspection Department BMA Bahrain Monetary Agency BMR Balancing, Modernization, Replacement BPRD Banking Policy Department BSD Banking Supervision Department CAMELS Capital Adequacy, Asset Quality, Management Soundness, Earnings & Profitability, Liquidity and Sensitivity to Market Risk CAR Capital Adequacy Ratio CBR Central Board of Revenue CDC Central Depository Company CDNS Central Directorate of National Savings CIF Community Investment Fund CIRC Corporate and Industrial Restructuring Corporation COIs Certificates of Investment CPI Consumer Price Index CRR Cash Reserve Requirement CRSIU Committee on Revival of Sick Industrial Units CRWA Capital to Risk-weighted Assets CTFS Commission for Transformation of Financial System CY Calendar Year DFIs Development Finance Institutions DHs Discount Houses DPF Deposit Protection Fund DSCs Defense Savings Certificates DVP Delivery versus Payment ECH Electronic Clearing House EFS Export Finance Scheme FBC Federal Bank for Cooperatives FBs Foreign Banks FE-25 Foreign Exchange Circular No. 25 dated 20th June 1998 FE-45 Foreign Exchange Circular No. 45 dated 11th August 1985 FEBCs Foreign Exchange Bearer Certificates FECs Foreign Exchange Companies AAOIFI FWBL FY GATS GCC GDP GOP HBFC HBL HFCs IBB IBD IBs ICP IDBP IESCO IFC IFSB IIFM First Women Bank Limited Fiscal Year General Agreement for Trading in Services Gulf Cooperation Council Gross Domestic Product Government of Pakistan House Building Finance Corporation Habib Bank Limited Housing Finance Companies Islamic Banking Branch Islamic Banking Division Investment Banks Investment Corporation of Pakistan Industrial Development Bank of Pakistan Islamabad Electric Supply Company Ltd International Finance Corporation Islamic Financial Services Board International Islamic Financial Market

IMF ISE KASB KB KSE LCs LIBOR LSE MBL MCB MFIs MFN MOF MRTBs MSDP MTBs NAB NAV NBFCs NBFIs NBP NCBs NCCC NDA NDFC NGOs

International Monetary Fund Islamabad Stock Exchange Khadim Ali Shah Bukhari Khushali Bank Karachi Stock Exchange Letters of Credit London Inter-bank Offered Rate Lahore Stock Exchange Meezan Bank Limited Muslim Commercial Bank Microfinance Institutions Most Favored Nation Ministry of Finance Market Related Treasury Bills Microfinance Sector Development Program Market Treasury Bills National Accountability Bureau Net Asset Value Non-Bank Financial Companies Non-bank Financial Institutions National Bank of Pakistan Nationalized Commercial Banks National Credit Consultative Council Net Domestic Assets National Development Finance Corporation Non-profit Government Organizations

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Pakistan: Financial Sector Assessment 2004 NIBAF NIM NIT NPLs NRSP NSS OMOs PACRA PBA PBC PC PDs PIBs PICIC National Institute of Banking and Finance Net Interest Margin Special Savings Certificates Society for Worldwide Inter-bank Financial Telecommunication TCP Trading Corporation of Pakistan TDL Total External Debt & Liabilities TED Total External Debt TFCs Term Finance Certificates SSGC Sui Southern Gas Company UBL United Bank Limited VCCs Venture Capital Companies WAPDA Water and Power Development Authority WTO World Trade Organization SSCs SWIFT

National Investment Trust Non-performing Loans National Rural Support Program National Savings Schemes Open Market Operations Pakistan Credit Rating Agency Pakistan Banks Association Pakistan Banking Council Privatization Commission Primary Dealers Pakistan Investment Bonds Pakistan Industrial Credit and Investment Corporation PILCORP Pakistan Industrial Leasing Corporation PKIC Pakistan Kuwait Inv. Company (Pvt) Ltd. PLHC Pak-Libya Holding Co. (Pvt) Ltd. PLS Profit and Loss Sharing POL Petroleum, Oil & Lubricants PPAF Pakistan Poverty Alleviation Fund PPCB Punjab Provincial Cooperative Bank PRGF Poverty Reduction and Growth Facility PSCBs Public Sector Commercial Banks PSO Pakistan State Oil PTC Pakistan Telecommunication Corporation PTCL Pakistan Telecommunication Company Ltd. PTCs Participation Terms Certificates RDFC Regional Development Finance Corporation RFCD Resident Foreign Currency Deposits RICs Regular Income Certificates RMF Risk Mitigation Fund ROA Return on Assets ROE Return on Equity RTGS Real Time Gross Settlement System SAPICO Saudi-Pak Industrial & Agricultural Investment Co. (Pvt) Ltd. SBFC Small Business Finance Corporation SBP State Bank of Pakistan SBP State Bank of Pakistan (Banking Services (BSC) Corporation) SECP Securities and Exchange Commission of Pakistan SGLA Subsidiary General Ledger Account SLR Statutory Liquidity Requirement SME Small and Medium Enterprises SMEDA Small and Medium Enterprises Development Authority SNGPL Sui Northern Gas Pipelines Ltd SOF Saudi Oil Facility SPLC Saudi-Pak Leasing Corporation

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