Permissible Business Activities

  • To do all such acts, deeds and things as would be required conducive and incidental to the attainment of this object
  • To acquire land to construct its buildings and install machinery thereon
  • To purchase machinery, raw material, chemicals and lubricants from the local and/or foreign market
  • To sell its products/electricity within Pakistan to WAPDA, Government and private sector
  • To open and operate bank accounts, arrange for overdraft facilities against securities of its property and to issue term finance certificates, debentures, draw, make, accept endorse, discount, execute and issue promissory notes, bills of exchange, bills of lading, receipts, warrants, guarantees and other negotiable, transferrable instruments, etc.
  • To borrow or raise or arrange local and/or foreign currency loans from Scheduled Banks, Industrial Banks and financial institutions for the purchase of machinery, construction of factory buildings, working capital and for its other requirements
  • To guarantee the performance of its contracts and obligations in relation to the payment of any loan, debenture, stocks, bonds, securities by or in its favour and to guarantee the payment or return on investment or of dividends on its shares
  • To acquire, improve, manage, develop, exchange, sell, mortgage, enfranchise, dispose of, turn to account or otherwise deal with all or any part of its property, rights, patents and concessions
  • To enter into any arrangements with any Government or other authorities, supreme, municipal, local, etc. to obtain its rights, privileges, and concessions
  • To open, establish, maintain and control its offices, sub-offices, agencies, sub-agencies, depots, show-rooms, sales centres/points in and/or out of Pakistan
  • It is declared that nothing contained above shall be construed as empowering the Company to undertake or to indulge in the business of banking, leasing, investment or insurance directly or indirectly as restricted under the law, or any other unlawful operation