4 Tools Enable small Town Desiger to sell an idea to Companies like Coca Cola

“Tools like FROONT, Webflow, Adobe Edge Reflow and Macaw enable small town designers to sell big ideas to Coca Cola. Making advanced web prototypes, which you can show on different devices is pretty simple and it comes across much better than traditional pen and paper - you do not have to imagine anything and by that you save both you and your client time. Show it – don’t tell it.” says designer from Denmark Kasper Friis Jørgensen.

"My love towards design began when I started to work for Saatchi & Saatchi in 2003. Web design has changed a lot since then and also the type of work a designer does. However the problem has always been that you make a mockup and when it comes back from the programmer, you see that there are 10 pixels off in some places. Luckily we have now moved on with tools that allow you to communicate design with the programmer the way you intended them to see it.

Good web design is about guiding users through the site.

I see that society is getting more and more visual. Just recently I heard about Infogr.am where you can make interactive infographics with simple drag & drop tools. It skyrocketed and made it clear that people are looking for new ways to create things in a visual way without having any advanced knowledge in programming. The great things about these tools is that as a designer you do not have to worry about the code or how it looks, as it will be clean and perfect for search engines right out of the box. You can concentrate on the design and making prototypes and all the code is generated automatically.

Everybody can make a working website - even your mom.

It is not hard to make a website now. Even my mom made a simple site for showcasing and selling her art. One of the Project Managers I worked with at Saatchi & Saatchi has started doing simple things that he would never have touched a few years ago. The thing is that it is now very simple to make a working concept for a web design; so much so, now everybody can do it. These tools educate society about design and programming, and can be a great tool especially for smaller non-governmental organizations who might otherwise get scammed by some dodgy programmer.

(Good) Designers & programmers do not have to worry that they will be out of work.

The logical response for me as a designer would be that I would be afraid that I will be out of work soon, but I do not think so. I am doing a lot of art-direction lately and your project will always benefit of having a person who understands the entire design process and someone to advise you even if the clients can build a site themselves. I myself have used these tools whenever I had to make a prototype pretty fast to a client, instantly and on-location. As the programmer was away it was a hustle to make a prototype for an H&M contest on an iPad. It took too long so I did it by using these tools and it was ready in an hour. As I said tools like FROONT, Webflow, Adobe Edge Reflow and Macaw are great for fast prototyping and I believe that in time you will be able to make some really powerful stuff without any advanced knowledge in programming” says Kasper.

FROONT

“FROONT is a web-based design tool that runs in the browser and makes responsive web design accessible to all kinds of visual designers, even those without any coding skills” says Sandijs Ruluks from FROONT. “FROONT is free to use for public projects, however I believe that the benefits of our tool are best described by our users”.

“FROONT was a great tool to learn responsive design with no advanced knowledge in design and programming” says Analyst Stijn van Vlierberghe from Digital Agency Foursevens in Belgium. “For me as a non-designer the greatest advantages were that I could show a working prototype to a client on all of the devices I could decide if I wanted my projects to be public or private.”

“FROONT enables designers and programmers to communicate with each other better” says web & mobile designer Eva Neesemann from NYC agency Littlebits.”I loved that you can specify different designs for each breakpoint and that you can access your ongoing project anywhere. Another thing I loved was the customer support – guys at FROONT helped me immediately if I was stuck with something”.

Webflow

“Webflow is a web development platform which helps designers and entrepreneurs create production-quality sites for themselves and their clients” says Vlad Madalin from Webflow. “It runs natively in the browser, so the design view is exactly the same as the final hosted site. Webflow generates clean code that works in all modern browsers, and can be shared with programmers if custom additional changes need to be made.
Webflow also makes it easy to create responsive web designs, which work on many different devices. Customers can choose to start from an existing template, or create entirely custom designs from scratch. Webflow doesn't limit designers to just those templates, however, so the designer retains pixel-perfect control over their sites. Once a design is done, it can be exported or seamlessly hosted on the Webflow hosting platform.”

Adobe Edge Reflow

“Adobe Edge Reflow CC is a design tool to create beautiful responsive designs” says Divya Manian from Adobe Edge Reflow.” You can get started with responsive designs in Reflow or import your Photoshop comps to create high-fidelity prototypes through media query breakpoints, precise CSS layouts, grouping and more. Reflow uses CSS and behaves like a browser, which makes it faster to translate your design idea into production. You can extract CSS snippets to hand off to developers with confidence that your design vision will remain uncompromised throughout development”.
Strong points of Adobe Edge Reflow would be following, continues Divya:
“Built on Chrome, Edge Reflow offers 1-to-1 web rendering capabilities for design within the constraints of a browser.
You can get started with your design in Photoshop and add responsiveness to your design in Reflow.
CSS extraction capabilities offer a direct workflow between designers and developers.”.

Macaw

“Macaw is a next generation web design tool striving to make life easier for designers and developers. It's the first web design tool to blend the fluid and intuitive interface of an image editor with a powerful design-to-code engine” says Tom Giannattasio from Macaw.
Macaw has just been released and we look forward to trying it out.

Fasion winter 2015

Rate card for calculating gross income tax on the taxable income from salary in Pakistan

Rate card for calculating gross income tax on the taxable income from salary, excluding flying and submarine allowance
Tax Year 2014 (FBR)
Taxable income between	Rate of tax
Rs. 0 and Rs. 400,000	0%
Rs. 400,001 and Rs. 750,000	5% of the amount exceeding Rs. 400,000
Rs. 750,001 and Rs. 1,400,000	Rs. 17,500 plus 10% of the amount exceeding Rs. 750,000
Rs. 1,400,001 and Rs. 1,500,000	Rs. 82,500 plus 12.50% of the amount exceeding Rs. 1,400,000
Rs. 1,500,001 and Rs. 1,800,000	Rs. 95,000 plus 15% of the amount exceeding Rs. 1,500,000
Rs. 1,800,001 and Rs. 2,500,000	Rs. 140,000 plus 17.5% of the amount exceeding Rs. 1,800,000
Rs. 2,500,001 and Rs. 3,000,000	Rs. 262,500 plus 20% of the amount exceeding Rs. 2,50,000
Rs. 3,000,001 and Rs. 3,500,000	Rs. 362,500 plus 22.50% of the amount exceeding Rs.3,000,000
Rs. 3,500,001 and Rs. 4,000,000	Rs. 475,000 plus 25% of the amount exceeding Rs.3,500,000
Rs. 4,000,001 and Rs. 7,000,000	Rs. 600,000 plus 27.50% of the amount exceeding Rs.4,000,000
Exceeds Rs. 7,000,000	Rs. 1,425,000 plus 30% of the amount exceeding Rs. 7,000,000

Natinal Savings of Pakistan DEFENCE SAVINGS CERTIFICATE

Natinal Savings of Pakistan

DEFENCE SAVINGS CERTIFICATE  [Profit Rates]

The Government of Pakistan introduced Defence Savings Certificate scheme in the year 1966. The scheme has specifically been designed to meet the future requirements of the depositors. This is 10 years' maturity scheme with built in feature of automatic reinvestment after the maturity. These certificates are available in the denominations of  Rs.500, Rs.1000, Rs.5,000, Rs.10,000, Rs.50,000, Rs.100,000, Rs.500,000 and Rs.1,000,000/=.

Who Can Invest .

These certificates can be purchased by a single adult, a minor, two adults in their joint names with the options of payable to the holders jointly (Joint-A ) or payable to either (Joint-B). An adult can also purchase these certificates on behalf of a single minor, two minors jointly or himself/herself and a minor jointly.Institutions may also invest individual funds such as pension, gratuity, superannuation, contributory provident funds and trusts etc.

How To Purchase.

These certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Offices (PPO), Authorized branches of Scheduled Banks and State Bank of Pakistan (SBP) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost.    A copy of the Computerized National Identity Card (CNIC) or in case of a foreign national, a copy of the Passport is required to be attached with the application form. To download application form in editable Adobe Acrobat format, please click here.

Mode of Deposit. These certificates can be purchased by depositing cash at the issuing office or by presenting a cheque. The certificates shall immediately be issued on receipt of cash. However, in case of deposit through cheque the certificates shall be issued from the date of realization of the cheque after receipt of the clearance advice.

What Is The Investment Limit.
The minimum investment limit is Rs.500/-, however, there is no maximum investment limit in this scheme.
What About Redemption.

These certificates are encashable at par any time after the date of purchase. However, no profit is payable if encashment is made before completion of one year.

Further, certificates purchased on or after 15-11-2010 can not be automatically reinvested. However, other better options are available for investment in National Savings Schemes.

NOTE:

The encashment of certificate(s) may be allowed through a person duly authorized (in writing) by the investor on an authority letter under his / her signature provided that:--

(a). the signatures of the authorized person are attested by the investor on the letter of authority;

(b). the Officer Incharge of the NSC is personally satisfied that the authorized person is genuine and the certificate(s) is / are properly discharged under genuine signatures and both the signatures i.e. on the back of the certificate(s) and the letter of authority tally 100% with the specimen on the investor available on the record.

(C). The receipt of the amount is got acknowledged from the authorized person on the reverse of certificate(s) personally by the Centre Incharge.

What is the return.

In this scheme the profit is paid on maturity or encashment for completed years. Every Rs.100,000/- will become Rs.106,000/-, Rs.113,000/-, Rs.121,000/-, Rs.131,000/-, Rs.144,000/-, Rs.161,000/-, Rs.182,000/-, Rs.208,000/-, Rs.242,000/- and Rs.286,000/- on completion of 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 years, respectively. These rates are effective from 1st December, 2014. The average compound rate of return on maturity presently works to 11.08% p.a. For any other time period rates table is also available on website.
 

Tax & Zakat Status.

Exemption of deduction of Withholding tax has been withdrawn w.e.f 01-07-2013 on profit of investment upto Rs.150,000 . W.e.f. 1st July,2014 the rate of tax to be deducted under Section 151 of Income Tax Ordinance 2001 shall be 10% of the yield or profit for Filers and 15% of the yield or profit paid for Non-Filers. Provided that for a non-filer, if the yield or profit paid is rupees five hundred thousand or less, the rate shall be 10%. The Zakat is collected at source as per rules.

National Savings of Pakistan Bonds

Investor's Guide For Karachi Stock Exchange

Investor's Guide

GENERAL INFORMATION

The KSE website http://www.kse.com.pk includes a wide range of information about investing, including information on various market data and Rules & Regulations of the Exchange.

WHY SHOULD I INVEST IN SHARES?

Almost everyone worldwide has an interest in shares, whether they realize it or not. Millions of people around the world own shares directly. However, many millions more have an indirect stake in the stock market through pension schemes, life insurance policies, NIT units, and other mutual funds. All of these, invest in shares traded on the stock market.

Today, increasing number of people own shares around the world, while many more invest in pension schemes, have an insurance policy, National Saving Schemes (NSS) or another form of collective savings invested in shares traded in stock markets.

However, investing in shares is different from saving in a bank or National Saving Scheme. There is more risk - but there is the opportunity for better reward over the longer term. With deposit accounts, you earn interest on your capital. When you take your cash back, you get back exactly the same amount that you first deposited (plus the interest it has earned). With shares, you may receive dividends but when you sell those shares, you might get back more than you bought them for, which is your reward for taking a risk.

Nevertheless, because shares can go up as well as down in value, it is important to understand that taking a risk means you might get back lesser than you had invested initially. You can minimize your risk by investing in different shares or a collective fund. There is, however, the possibility of greater rewards. Funds invested in equities in the long term (five or more years) have outperformed regular saving accounts.

You should remember that saving through the stock market should be seen as a long-term investment. Historically, money invested in shares over the long term (ten or more years) has almost always outperformed regular saving accounts.

Before investing in stocks and shares, you should understand your own financial position and what you hope to achieve with your investments. Your regular financial obligations should be protected and preparation should be made for unexpected expenses.

Having done this, you are ready to consider investing the surplus in stocks and shares. The three main rationales for owning shares are summarized below:

a. Ownership in a Company - when an individual invests in the stock market, he automatically becomes a shareholder of that company. As a stockholder, he is entitled to the following benefits: 1) voting rights; 2) dividends to be declared by the corporation and 3) share of the remaining assets of the company if it is to be liquidated.

b. Liquidity of Funds - a stock market investor has easier access to funds. Compared to banks, which have a high minimum balance requirement for deposits and credit, as an individual, you can start an investment with very low capital, and can expect high yields for your initial investment. You can always cash in or out your funds anytime, during trading hours, through your broker.

c. Make Money - investors in the stock market make money through dividends and capital appreciation. When a listed company declares dividends, it increases the shareholders' investing power. An investor who buys into the company at a low market price and sells it at a higher price will gain capital appreciation.

WHAT ARE THE RISKS OF INVESTING IN STOCKS?

While it is true, that stock investment is the most volatile of all securities, investors might well recall the fact that uncertainty, is a permanent feature of any investing perspective. This means that risk is always a part of any investment. A better attitude would be to limit and manage your risk. A maximum level of gain or loss should be set, and calculated decisions should be made when this level is reached.

WHAT IS THE MINIMUM AMOUNT OF INITIAL INVESTMENT?

Some brokers may require a minimum initial investment to open an account depending on their requirement or may charge or waive other fees depending on the amount you initially invest.

If you are just getting started with a small investment, look for an investment firm that would not penalize you based on the size of your investment.

The minimum amount of money needed to invest in the stock market depends on the minimum number of shares to be traded for the stock. The minimum shares will be determined by the prevailing market price of a particular stock, as each stock, the minimum number of shares to be traded is fixed, called the market-lot, which depends on the price range of the stock.

The market lot is calculated biannually by NCCPL, keeping the lot size to 500-shares for scrip which are priced less than Rs. 50 and lot size of 100-shares for scrip priced above Rs. 50

HOW CAN I BUY AND SELL SHARES?

You can buy shares when a company first comes to market - that is at flotation or privatization; or you can buy them through the stock market once they are in circulation and being traded.

Companies which are about to issue shares often advertise in a daily newspaper. If you decide to buy these shares, you can seek more information from the company's website or you can fill up the application form at the affiliated bank or ask the company for a prospectus. Fill out the application form and submit it with your pay order, at the bank. There is nothing more to pay. Alternatively, you can go to a stockbroker who will buy them for you.

Most share dealings take place in what is called the secondary market. This is where existing shareholders sell and new investors buy.

Today, buying shares is easy. You can buy and sell shares by making contact with a stockbroker, bank or investment adviser, either in person or over the internet or telephone.

HOW CAN I DECIDE WHICH SHARES TO BUY?

1) A stockbroker carries out buying and selling on his propriety accounts and on behalf of his clients as individuals cannot deal for themselves in the market. A list of stockbrokers is available from the Stock

Exchange on KSE website www.kse.com.pk. Stockbrokers offer a variety of services but if you know exactly what you want, simply call the broker for an 'execution only' service and ask them to buy the shares of your choice. KSE offers three market segments

a) Cash market based on two day clearing and settlement

b) Continuous Funding system (CFS) MKII where cash market's net purchases can be carried over for another 22 working days

c) Deliverable Future Contracts allow investors to purchase or sale on a forward contract basis clearing and settlement of these contract takes place on last Friday of the months and new contract starts on the following Monday Cash settled Future Contract where contract is for 90 days, but investor has a choice to enter into any of the three contracts that are always open for end of the month expiry based of cash settlement with under line cash market price of the scrip.

2) After having instructed your broker to buy shares, the broker will draw up contract notes, which typically are sent to your address or mobile phone number within next 24 hours. This will show details of the transaction carried out on your behalf.

3) You must send payment for your shares immediately upon receiving your contract note. In June 2007 the Stock Exchange adopted a two-day settlement system called T+2 system, under which transactions are due for settlement 2 working days after dealing.

4) Upon receipt of payment, the purchased shares are transferred in your name in your Central Depository Company (CDC) account electronically. You are now the proud owner of a portfolio.

5) At this stage you can sell your shares if you wish. You are now entitled to attend the company's Annual

General Meeting (AGM). Talk to the other shareholders, especially representatives from the institutional investors. Just one sizeable disinvestment could make all the difference to the outcome of your overall operation.

A stockbroker or financial adviser can help you choose which shares to buy, and advice on the best time to sell.

You will need to decide:

• Will I need the money soon?
• On the other hand, can I leave my money to grow over a number of years?
• Alternatively, Do I want a combination of both?
• How much money can I afford to invest?
• Will I spread this over a small number of shares, or a larger number?
• Do I want to invest directly in shares?
• Do I want shares in blue chip companies, medium-sized companies or new, small companies (which can be less secure)?
• On the other hand, do I want the relatively safe government backed investment schemes available through National Saving System (NSS), or Pakistan Investment Bonds (PIBs)?
• Am I interested in indirect ways of investing, through closed end Mutual Funds or through Term Finance Certificates available at the Stock Exchange?

HOW CAN I FIND A STOCKBROKER?

Stockbrokers today have a range of services tailored for the needs of the growing numbers of small shareholders. Some operate from the Stock Exchange Building, some from Queens Road and other similar locations around the city, and some only by telephone. Most large banks offer share-dealing services as well.

Before choosing a stockbroker, contact several of them and ask how much they will charge. They expect you to compare their fees with those of other brokers.

An individual investor should choose a retail broker, preferably one that meets his requirements in terms of services needed. When he lacks the time to analyze individual companies and stocks, then a full service broker is recommended. In choosing a broker, the investor should see to it that the broker is a member of good standing at the Karachi Stock Exchange. It is important that the investor should trust his broker and that he is satisfied by the services it is giving him, such as market reports, quality of advice regarding stock selection and timing of purchases and sales, quality of trade executions, on-time delivery of important documents and other services.

There are three levels of service you can take:

DEALING OR EXECUTION ONLY:

You simply call the broker and instruct them to buy or sell the shares you want. They carry out your instructions, but will not give you any advice on your decision. You can always take advice from any other properly qualified financial adviser.

ADVISORY:

With this service you will get the benefit of the broker's expert advice. They will discuss with you their views on various companies and recommend whether you should buy, sell or keep hold of your shares. Make sure you feel comfortable with and understand what your broker is saying to you.

DISCRETIONARY:

The broker will take all the buying and selling decisions, contact you regularly to keep you informed, and tell you how much your portfolio is worth.

You can get a list of stockbrokers from:

1. The Member's Info section of the Karachi Stock Exchange (www.kse.com.pk)
2. By telephoning the Karachi Stock Exchange on (+21) 111-00-11-22
3. By checking with the local branch of your bank or Investment Company.

A. WHEN YOU BUY

Once you instruct your broker to buy shares, he/she buys the shares for you at the best price available at the time. By the end of day's trading, you will receive a confirmation-note. This shows the details of the transaction. Your broker will indicate when he/she needs to have your money to pay for the shares.

B. WHEN YOU SELL

Immediately you give your broker an order to sell, he/she again negotiates the best possible price. By the end of day's trading, you receive a contract note confirming the deal. If you hold the share certificate, you must send this to your broker in accordance with his/her instructions. If your shares are held in Central Depository Company (CDC), you will not have a share certificate to worry about.

HOW DO I SAFE KEEP THE ACQUIRED SHARES?

Once you have bought your shares, there are two ways to hold them: as a certificate or electronically (via CDC account). Your stockbroker can advise which option depending on individual company's shares.

Traditionally shares have been held in paper form, known as certificates. A share certificate is a piece of paper that is evidence that you are the owner of the shares. Your name will appear on the company's share register and this entitles you to receive directly all the benefit of share ownership including dividends, the right to vote at a company's annual meeting and to receive company reports twice a year.

If you decide to sell your shares you will normally need to deliver the certificate to the broker in time for the transaction to be completed.

Today you can choose to hold your shares as an electronic record, receiving a statement from time to time. This is similar to your bank statement, which shows your cash balance as held by the bank.

If you choose to hold your shares electronically they are placed in a nominee account with the Central Depository Company (CDC). These accounts are often run by stockbrokers who administer the shareholding on your behalf. You do not have a certificate to keep safe or deliver to your broker in time for the transaction to be completed. You remain the real owner of the shares and you shall receive the dividends, even though the shares are registered in the name of the nominee.

Your company also provides you with copies of the company reports and with the right to vote at general meetings.

When you have bought or sold the shares, your transaction is completed (or settled) electronically through a service known as National Clearing & Settlement System (NCSS). This system links banks, stockbrokers and Central Depository Company (CDC).

HOW MUCH DOES IT COST TO BUY SHARES?

Costs of trading in stocks vary according to the level of service you get from your broker. You should select the service that meets your needs. Execution-only will generally be the cheapest service. You will pay more for research base advice. The most important figure to ask your broker is about the minimum commission you will be charged. You should also ask whether there are any other charges for their services. Ask if there are any ongoing costs, other than dealing commission, each time you buy or sell.

You should note that you will pay a tax, known as CVT, when you buy shares but not when you sell. This is currently 0.002% percent of the price of the shares.

The way you choose to hold your shares will also vary in cost. If you decide to hold a certificate, there may be an additional charge as it will be necessary to transfer it to you or the new owner.

HOW CAN I KEEP TRACK OF MY SHARES?

Once you have bought shares, you can put them away for a long term or short term, you can keep an eye on how the price is moving. Details of share prices are published in most national newspapers every day. The daily price is also available on our website www.kse.com.pk.

The newspapers' financial pages will comment on companies that are in the news - perhaps because they have published their profit figures, or they are subject to a takeover bid, or they have opened a new factory.

Every piece of information about your company helps you build a clear picture of how it is doing and is expected to do. In addition, there are several specialist magazines to assist private investors. As a shareholder, and therefore part owner, of a business, you can contact the company if you want further information. Alternatively, your stockbroker might keep you informed through a regular newsletter.

HOW ARE SETTLEMENT AND CLEARING DONE?

Clearing and settlement of all stock exchange transactions are provided by National Clearing Company (NCCPL), which acts as go between for KSE and Central Depository Company (CDC) which is the share depository company. Shares move between share-accounts held by the different participant-brokers of the Central Depository Company (CDC).

Stock market transactions are settled on the second day after the trade. Transfers are based on trades done at KSE. Shares are transferred on settlement date (T+2) to the buyer, and the buyer pays the seller through the clearing banks within the same settlement period. This means that transactions done on Monday must be settled by Wednesday. Settlements of accounts are done in the clearing house through National Clearing & Settlement System (NCSS), which is a fully automated electronic settlement system. Visit NCCPL website for further details regarding clearing and settlement, www.nccpl.com.pk.

WHAT IS THE CENTRAL DEPOSITORY COMPANY (CDC)/CENTRAL DEPOSITORY SYSTEM (CDS)?

The CDC is a company that operates an electronic share register called the Central Depositary System (CDS). The CDS eliminates the need for physical movement of share certificates. CDC electronically manages book entry system for custody and transfer of securities. CDS was introduced to replace the manual system of physical handling and settlement of shares at the stock exchange and is managed by the Central Depository Company (CDC), which is incorporated under the Central Depositories Act 1997. Investors can open their accounts directly with CDC called Investor Accounts or open sub accounts with a brokerage firm. It has also solved investor problems related to stock handling on the settlement date, registration of shares, and exercise of corporate action benefits. Visit CDC website for further details regarding shares safe keeping. (www.cdcpakistan.com).

Foreign Investment in Pakistan

Foreign direct investment (FDI) refers to long term participation by  a country A into country B (in this case Pakistan) . It usually involves participation in management, joint-venture, transfer of technology and expertise. There are two types of FDI: inward foreign direct investment and outward foreign direct investment, resulting in a net FDI inflow (positive or negative).

Foreign direct investment (FDI) is a measure of foreign ownership of productive assets, such as factories, mines and land. Increasing foreign investment can be used as one measure of growing economic globalization.

WHO CAN BE A FOREIGN INVESTOR?

A foreign direct investor may be classified in any sector of the economy and could be any one of the following:

• An individual;
• A group of related individuals;
• An incorporated or unincorporated entity;
• A public company or private company;
• A group of related enterprises;
• A government body;
• An estate (law), trust or other societal organisation; or
• Any combination of the above.

HOW CAN A FOREIGN INVESTOR INVEST HIS FUNDS?

The foreign direct investor may invest in by any of the following methods in Pakistan:

• by incorporating a wholly owned subsidiary or company, by acquiring shares in an associated enterprise
• through a merger or an acquisition of an unrelated enterprise
• participating in an equity joint venture with another investor or enterprise

WHAT ARE THE FOREIGN DIRECT INVESTMENT INCENTIVES IN PAKISTAN?

The simple answer is that making a direct foreign investment allows companies to accomplish several tasks:

• Avoiding foreign government pressure for local production. 
• Circumventing trade barriers, hidden and otherwise. 
• Making the move from domestic export sales to a locally-based national sales office. 
• Capability to increase total production capacity. 
• Opportunities for co-production, joint ventures with local partners, joint marketing arrangements, licensing, etc;   
• low corporate tax and income tax rates in Pakistan
• tax concessions/exemptions to particular businesses
• special economic zones developed by the government of pakistan
• cheap labour in Pakistan
• Job training & employment subsidies
• Infrastructure subsidies
• Research and Development support
• Early Entry Advantage.

Pakistan has a very liberal policy on repatriation for foreign direct investors, therefore, investing in Pakistan may give a foreign direct investors the following added advantages.

• Remittance of royalty, technology and franchise fee is allowed to projects in social, service, infrastructure, agriculture and international chains food franchise.
• Minimum share of the local (Pakistani) partner in a joint venture will be 60:40 for the service sector. However, 100% foreign equity can be owned for first 5 years.
• The FBR (Federal Board of Revenue) will not question as to the source of investment; however, the FBR will only want to know whether the investor has paid requisite Income Tax on that specific investment. The FBR will not inquire into the source of the funds.
• Foreign investors are allowed to invest in industrial project on 100% equity basis without any permission from the government.
• There is no requirement for a No Objection Certificate from the Provincial Government.
• In addition to manufacturing sector foreign investment on a repatriate-able basis is allowed in services, infrastructure and social sectors.
• Full repatriation of capital gains, dividends and profits.
• The facility for contracting foreign private loans is available to all those foreign investors who make investment in the approved sectors.
• Foreign controlled manufacturing concerns are allowed to borrow on the domestic market according to their requirements.
• Foreign controlled semi-manufacturing and non-manufacturing concerns can access loans equal to @ 75% & 50%, respectively, of their paid up capital including reserves.
• BOI’s (Board of Investment) approval is not required for foreign companies to open a bank account.

 CORPORATE STRUCTURES

Various Corporate structures are available for setting up a place of business in Pakistan for which Masood and Masood, Corporate and Legal Consultants can give you the optimum advice putting into prospective the current Pakistan Legislation and the individual person/companies position.

In terms of the Investment Policy of the Government of Pakistan, there are three (03) ways, whereby, a foreign company may have its presence in Pakistan.

• Liaison Office;
• Branch Office; and
• Locally incorporated subsidiary

HOW WILL MY FUNDS GET INTO PAKISTAN AND WHAT WILL BE THE EXIT STRATEGY.

State Bank of Pakistan (SBP) regulates remittances in and out of Pakistan under legislature. There is no restriction on inward remittances by State Bank of Pakistan (SBP) but any outward remittances whether be royalty, technical fee and dividend have to have a prior approval from SBP, which the authorising bank/agent would do on the company’s behalf.  Similarly any contract for any such remittance needs prior approval of SBP. In case you require any assistance with the approval from State Bank of Pakistan do let Masood and Masood know and we will  happily complete all the legal paper work and technical formalities.

WILL A FOREIGN INVESTOR BE TREATED LESS FAVOURABLY ON INVESTMENT IN PAKISTAN?

Foreign Private Investment (Promotion and Protection) Act, 1976 and the Furtherance and Protection of Economic Reforms Act, 1992 provide legal cover for protection of foreign investors/investment in Pakistan.

Furthermore, since Pakistan has entered into Bilateral Agreements on Promotion and Protection of Investment with more than 46 countries. These Agreements provide the following:

• The Contracting Parties shall encourage investments in their respective territories by investors of the other Contracting Parties
• Non-discrimination between local investors and foreign investors
• Equal/non-discriminatory treatment in case of compensation for losses owing to war, other armed conflicts or a state of national emergency
• Free transfer of investments, and income deriving therefrom including profits, dividends, interest income, proceeds of sales or liquidation, repayments of loans, salaries, wages and other compensation, etc.
• A dispute settlement mechanism to settle any dispute between the countries with respect to the interpretation of the respective agreement and a dispute settlement procedure to settle any dispute between a host country and an investor of the other country

CSD HP Scheme in Pakistan - Durable items on easy installments

HIRE PURCHASE (HP) SCHEME

1. Gen. CSD is running Hire Purchase Scheme since 1974 for the wel of Armed Forces Pers. Under this scheme household items incl Cars, Tractors, M/Cycles, Refrigerators, Deep Freezers, TVs, ACs, Computers, Generators, Sewing/Washing Machines, Fans and Bicycles etc are sold to the tps on easy instls. This scheme is very popular amongst the Armed Forces pers due to its lucrative and soft terms and conditions. CSD Mgnt makes sincere efforts to meet the ever increasing demands of entitled customers. Detail of items being provided to entitled personnel under Hire Purchase Scheme is at Anx ‘A’.

2. Entitlement

a. Cars

(1) Cars upto 800cc. All commissioned Offrs, Junior Commissioned Offrs (JCO’s)/Equivalent rank and Hav/ Equivalent rank of PAF and PN.

(2) Cars upto 1000cc.

(a) All commissioned offrs of grade 17 / equivalent having one yr svc and above.

(b) All Junior Commissioned Offrs (JCO’s)/ Equivalent rank of PAF and PN.

(3) Cars upto 1300cc. All commissioned offrs of grade 17/ equivalent having 3 yrs commissioned svc and above.

(4) Cars Above 1300cc. All commissioned offrs of grade 18/ equivalent having 7 years commissioned svc and above.

(5) Purchase of Lower Specification Cars. Offrs can purchase lower specification car (if so desired) then their auth akin to their rank and svc.

(6) Demand of 2^ndCar. The HP member desirous to purchase 2nd car under CSD HP Scheme can apply immediately after clearance of the previous car case.

b. Entitlement for Tractors. Fol can apply to obtain Tractors under CSD HP Scheme or cash payment:-

S/No	Type Of Sale	Rank	Remarks
(1)	HP	Hav and Equivalent	50/60 HP
(2)	HP	JCO and Equivalent	50/60/75 HP
(3)	HP	Offrs	50/60/75/85 HP
(4)		Cash Payment All Serving/Retd Pers	50/60/75/85 HP

c. Gen Items

(1) Offrs. Can purchase any number of household items indicated

on HP list, besides cars, provided that total of prices of these

items does not exceed 15 x gross salaries.

(2) Junior Commissioned Offrs (JCOs)/Sldrs Soldiers)/Eqvt Ranks. Can purchase any number of household items(Not similar) borne on HP list, provided the total of prices of these items does not exceed 15 x gross salaries.

3. Processing of HP Applications. Processing of HP Applications is as under:-

a. Gen Items.

(1) HP application of Gen Items/Motor Cycles alongwith Deposit Slip of Down Payment (in original), Photo copies of NICs of Applicant/Surety/NOK (duly attested) is deposited with nearest HPBC. List of HPBC att as Anx B.

(2) After scrutiny, HPBC staff enters req data in computer and tfr it online to HP Div, Head Office CSD.

(3) HP Div after verification of data through ONLINE NADRA Verification Sys/own database will issue Release Order through online tfr to concerned HPBC.

(4) If item is aval, the same is issued straightway, otherwise issued on materialization from supplier.

b. Cars/Tractors.

(1) Customers deposit /fwd HP applications alongwith Deposit Slip of Down Payment (in original), Photo copies of NICs of Applicant (Two copies)/Surety/NOK (one copy each) (duly attested) to HP Div, CSD Head Office Rwp.

(2) After scrutiny/entry of HP application demanded car/tractor is booked with concerned Mfr Coy. Materialization Pd varies 2-3 months.

                   (3) On arrival of car/tractor, issued from show room/del pts and got insured within 2-3 weeks by HP Div.

(4) A customer can only apply for 2^nd car/tractor under HP Scheme after clearance/closing of case of 1^st car/tractor.

4. Simplification To make the subj scheme more simple and customer friendly, CSD Mgnt has taken no of measures. Some of these are as follows:-

a. HP Application Form. HP Application Form of has been revised/simplified and reduced to one page and can be downloaded from CSD site. It is also aval in Urdu version.

          b. Suretry. Req of surety has been reduced to one.

c. Purchase Limit. Purchase limit has also been increased from 10 to 15 gross salaries enabling tps to buy more items on easy instls.

d. Customer Service Centre (CSC). CSC has been estb in CSD Head Office for speedy access to info, resolving the complaints, receiving of applications, case status query, obj handling, form issuing and issue of No Objection Cert (NOC) on retirement.

e. Decentralization of HP Scheme. Previously all HP applications were received and processed at Head Office level which took m ore time and added difficulties for the customers. Now this process has

been decentralized by estb 32x Hire Business Centres (HPBCs) at various stas to provide speedy info about HP Scheme, Issue/Receipt of application forms, receipts of Release Orders and issue of demanded items. Also attending to the queries/objs of HP customers.

f. Remittance of HP Instls Through Online Tfr. In order to finalize the customer’s acct efficiently, online banking system has been introduced, all branches of Faysal Bank Ltd, designated branches of HBL and MCB. Detail of acct Nos is as under:-

		Gen Acct	Car Acct
(1)	HBL	00427900013703	00427900013903
(2)	Faysal Bank	0120-006-0012307	0120-2027453-006
(3)	MCB	0049800671000611	0049800671000612

g. Addl Benefit to JCOs/NCOs/Eqvt. In order to extend more benefit to the entitled pers CSD has revised the existing auth/entitlement policy for HP items to all ranks as follows:-

(1) On greater demand from JCO/NOCs/Eqvt ranks of PAF/PN, purchase of cars upto 1000 cc and 800 cc under CSD HP Scheme has been allowed respectively.

(2) Purchase limit has been increased from 10 to 15 gross salaries to enable tps to buy more items on instls.

h. Tractors. Provision of Tractors under HP Scheme to the pers of Armed Forces has been undertaken by CSD. So far it has booked/supplied more than 4 dozen Tractors Fiat/Massey/Ferguson).

i. Reconditioned(Imported) Cars. Many offrs have apch CSD Head Office to incl” Reconditioned (Imported) Cars” under HP Scheme. Provision of these cars is cumbersome and risky due to non

aval of proper Warranty/Guarantee and After Sales Service plus Price Fixation mechanism. However, these cars have been incl in CSD Car HP Scheme.

5. Mechanic’s Svc at HPBCs

M/S Atlas Honda Company has provided services of Mechanics at HPBCs to extend fol services to HP/Cash sale customers:-

a. Inspection of Honda M/Cycles after unloading for their

damaged/broken parts etc.

          b. Inspection/attendance of faults/damages during storage.

          c. Prep for final Okay/check of Honda bike at the time of issue to the

customers.

6. Functional Improvement

a. Intro of New Software named” HP Tracking Record”. In order to facilitate the customers and resolve their problems/difficulties, new software with name “HP Tracking Record” has been developed and depl on the HPBCs. As a sequel to intro of this new measure, HP customers are able to see their indl Accts/Index Sheets, right at their HPBC/CSD. It assists them to see latest status of their acct and pay delayed/missed out HP dues, accordingly.

b. Expansion of HP Scheme. Different Orgs/Depts have signed agreements with CSD for availing HP facility by their civ pers. Most of these are paid out of Def Svcs Ests. Detail is at Anx ‘C’.

c. Option for Insurance of M/Cycles: Head Office, CSD (HP Div) has arranged to extend facility of insurance for M/Cycles issued to HP customers on optional basis. The customer who wants to insure their M/Cycle will opt for the same on application form and HPBC Mgr will ensure to get his option on reverse side of HP application form duly signed by the customers.

d. Complete Waiver of Dues for Shaheed/Deceased HP Members : CSD Mgt is also giving complete waiver of CSD dues to HP customers who embrace shahadat or die due to accident/natural death, if he is regular in payment of instls. It is being done purely on humanitarian grounds for the welfare of bereaved family as per fol procedure:-

(1) All dues are excused/waived off and clearance cert issued to the next of kin. However, those HP members who are defaulter and irregular in payment of their instls will not be eligible for any such concession.

(2) If death occurs during the booking pd, then full amount of down payment deposited by the HP member will be refunded to next of kin.

(3) For availing this waiver fol docus will be fwd by the unit concerned to HP Div, HO CSD:-

(a) Immediate sig/fax/ltr regarding the intimation of death stating loc as well as cause of death so that the case can be frozen.

(b) Attested photo copy of Unit’s/CORO Part-II Order etc against shahadat/death of the HP member.

(c) Attested photo copy of Death Cert issued by Mil Hosp/Dependant Hosp based on which Unit’s/CORO Part-II Order was pub.

(d) Cert by the Next of Kin of the shaheed/deceased that the said item(s) is/are in possession and in use of the Next of Kin (parents/spouse/child). The cert will be duly signed by CO/OC of the Unit/Org. (Specimen at Appx-II). Attested photo copy of registration book of M/Cycle if involved will also be att.

Anx ‘A’

Variety of HP Items incl in CSD HP Scheme

  a. REFRIGERATOR

(1) Dawlance (15x Models)

(2) Haier (22x Models)

(3) PEL (28x Models)

(4) Singer (22x Models)

(5) Waves (25x Models)

                     b. AIR CONDITIONER

(1) Haier (7x Models)

(2) Singer (2x Models)

(3) Waves (1x Model)

(4) PEL (5x Models)

(5) Dawlance (2x Models)

                    c. COOKING RANGE

Singer (5x Models

d. DEEP FREEZER

(1) Dawlance (3xModels)

(2) Singer (1x Model)

         (3) Waves (11x Models)

e.           LAPTOPS/CPTRS

(1) Acer (6xModels)

(2) Dell (20xModels)

(3) HP (9xModels)

(4) IBM (5xModels)

(5) Sony (7xModels)

(6) Toshiba (2xModels)

f. MICRO WAVE OVEN

(1) Dawlance (14x Models)

(2) Singer (1x Model)

(3) Haier (9x Models)

(4) Waives (5xModels)

g. MOTOR CYCLE

(1) Honda (4x Models)

(2) Yamaha (3x Models)

(3) Pak Hero (1x Model)

(4) Qingqi (4x Models)

(5) Ravi (5x Models)

(6) Super Asia (2x Models)

(7) Super Star (1x Model)

(8) Suzuki (4x Models)

(9) Super Power (6x Models)

(10) Hero (2xModels)

h. ROOM COOLER

    Super Asia (6x Models)

i. SEWING MACHINE

Singer (8x Models)

j. TELEVISION

(1) Haier (5x Models)

(2) Singer (6x Models)

                    k. WASHING MACHINE

(1) Dawlance (12x Models)

(2) Haier (11x Models)

(3) Singer (10x Models)

(4) Super Asia (19x Models)

(5) Waves (1x Model)

l. LCD

(1) Sony (9x Models)

(2) Singer (4x Models)

m. WATER HEATERS

Singer (4x Models)

n. FANS

              5x Types (31x Models)

o. Generators

   (1) Honda (9xModels)

             (2) Yamaha (9xModels)

p. Rickshaw

              (1) Super Power (4xModels)

              (2) Qingqi (2xModels)

q. CARS

(1) Toyota

(2) Honda

(3) Suzuki

(4) Reconditioned

r. Tractors

                       (1) Fiat

                       (2) Messy Ferguson (Millat)

                       (3) Euro Ford

Anx ‘B’

LIST OF HPBCs –(ZONEWISE)

RAWALPINDI ZONE Telephone Nos

a. HPBC CSD S/M Rawalpindi 051-5792431

b. HPBC CSD Shop Jhelum 0544-626057

c. HPBC CSD Shop Gilgit 0581-451539

d. HPBC CSD Shop Abbottabad 0992-331198

e. HPBC CSD Shop Wah Cantt 051-4531547

e. HPBC CSD Shop Wah Cantt 051-4531547

f. HPBC Terbela

PESHAWAR ZONE

a. HPBC CSD Shop Peshawar 091-9214135

b. HPBC CSD Shop Nowshera 0923-6118667

c. HPBC CSD Shop Kohat 0922-512862

d. HPBC CSD Shop Kamra 057-9317440

e. HPBC CSD Shop Attock 057-9316201

f. HPBC CSD Shop Mardan

LAHORE ZONE

a. HPBC CSD S/M Lahore 042-9220503

b. HPBC CSD Kharian 053-9240215

c. HPBC CSD Shop Gujranwala 055-3830014

d. HPBC CSD Shop Sialkot 052-4262580

e. HPBC CSD Shop PAF Sargodha 048-9230866

f. HPBC CSD Shop Mianwali 0459-231142

g. HPBC CSD Shop Bedian Road RA Bazar Lahore 042-99221043

h. HPBC CSD Shop Sargodha Cantt 048-3721288

MULTAN ZONE

a. HPBC CSD Shop Multan 061-4513633

b. HPBC CSD Okara 0442-880346

c. HPBC CSD Shop Bahawalpur 062-2731430

d. HPBC CSD Shop Rahim Yar Khan 068-5674014

e. HPBC CSD Shop Bahawal Nagar

QUETTA ZONE

a. HPBC CSD Shop Quetta 081-2882498

b. HPBC CSD Shop PAF Samungli, Quetta 081-2885657

KARACHI ZONE

a. HPBC CSD S/M Karachi 021-35219922

b. HPBC CSD Shop Malir 021-4491500

c. HPBC CSD Shop Hyderabad 022-2783160

d. HPBC CSD Shop Badin 092-7862575

e. HPBC CSD Shop Pano Aqil 071-5680194

Anx ‘C’

LIST OF CIV DEPT TO WHOM HP FACILITY EXTENDED

                   Name of Org/Dept Remarks

                   (1) Min of Def (Def Div) – Military Grade 17 & Above

                   (2) Min of Def (Fin Div) - Military

              (3) FA (Army), GHQ Rawalpindi Grade 17 & Above

(4) Inspectorate of Armaments, Range Rd, Rwp

(5) Inspectorate of Electronic & Instruments Chaklala

(6) Pak Steel Mills Karachi

(7) CAO’s Office GHQ, Rawalpindi

(8) HQ ASF Karachi

                   (9) HQ Frontier Corps Peshawar

(10) IV & EE Chaklala

(11) COD Khanewal

                   (12) COD Rwp

(13) Ammo Depot Okara

(14) IDA Wah Cantt

(15) IDA POF Gadwal

(16) Central Spares Depot Dhamial Camp

(17) Ord Depot Quetta

(18) Ammo Depot Niaz Beg Lahore

(19) Central Ammo Depot Sargodha

(20) COD Lahore

(21) 503 Avn Base Wksp EME, Rwp

                   (22) 505 Electronic Base Wksp EME, Rwp

                   (23) 601 Regional Wksp EME, Quetta

                   (24) 605 Regional Wksp EME, Nowshera

                   (25) 607 Regional Wksp EME, Gwa

(26) DHA Bahawalpur/Chapter C/O HQ 31 Corps

(27) CMT&SD Golra Rd Rwp

(28) COD Karachi

(29) Sta Wksp EME Jhelum

(30) Composite Inspection Depot Liaqat Barracks Karachi

(31) Army Stores Inspection Depot Lahore Cantt

(32) Engineer Stores Depot Lahore Cantt

(33) Inspection Depot Armaments Havelian

(34) ITD Central Laboratory Chaklala

(35) 502 Central Wksp EME Rwp

(36) 603 Base Wksp EME, Lahore

(37) COD Kala Jhelum

(38) MVRDE Abid Majeed Road Rwp

(39) Gujranwala Log Area

(40) AF Inspectorate of Med Stores Lahore

(41) Armed Forces Institute of Nutrition Lahore Cantt

(42) Institution of Optronics (MOD), Chaklala

(43) MAG Rwp/ All CMAs

(44) Digital Mapping Unit (477 ASGE) Rawalpindi

(45) HQ Multan Log Area

(46) Fixed Comm Sig Coy Gujranwala

(47) Armed Forces Medical Stores Laboratory, Lahore

(48) PAF- Civs

(49) Ordep Gujranwala

(50) Air Weapon Complex Wah Cantt

(51) 604 AC Comb Wksp EME

(52) 302 Spares Deport EME Rwp

(53) IDA Sanjwal

(54) Sta HQ Lahore

(55) 509 Electronic Base Wksp EME

(56) AF Post Graduate Med Institute Rwp

(57) Sta HQ Sargodha Cantt

(58) 301 Spares Deport EME Rwp

(59) Gar HRDC Okara

(60) Engr Stores Depot Jhelum Cantt