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First Pakistan Securities Ltd (FP) is a corporate Member of Lahore Stock Exchange (Guarantee) Limited. It was incorporated under the Companies Ordinance 1984 on September 11, 2002 as a Private Limited Company. In December 2003, the company's status was changed to Public Limited. The Company's Authorized Capital is Rs.1 billion divided into 100 million Ordinary Shares of Rs.10 each. The Company's paid up capital is Rs. 475,137,500 comprising 47,513,750 Ordinary Shares of Rs. 10 and Net Equity of Rs. 601,107,020 as on May 31, 2007.
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FP initiated operations in December 2002, and during a short span of 5 years, the company has attained over 58 institutions and more than 800 individuals on our client list. We attribute this success primarily to the grace of Allah, and then to the professional approach of our management and the relentless hard work of our highly competent team. |
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| Over the years, FP has grown exponentially in terms of reserves and equity. As compared to total equity amounting to Rs.45.70 million in June 2004, the total equity in June 2005 has elevated to Rs.204.70 million. As of June 2006, the total equity has been raised to Rs.345.68 million. Apart from advancing equity level and increasing trade volumes, FP has expanded by means of acquiring a major stake in a corporate Brokerage House at The Karachi Stock Exchange, through the company's own resources.
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FP's highly adept brokerage services and immensely seasoned investment advisory form the key elements for our clients' capital to escalate. Our people continue to distinguish and differentiate this organization. FP's professional knowledge, specialized research and proficient insight into investment markets, assist our clients to take prudent and profitable investment initiatives. |
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