Auditor's Report ... 2013 - 2014

Contents

02

03

04

05

06

07

08

09

17

19

Notice of the Meeting

Company Information

Directors» Report

Auditors» Reports to the Members

Balance Sheet

Income and Expenditure Account

Cash Flow Statement

Notes to the Financial Statements

Industrial Collective Members

Individual Members

Form of Proxy

Notice of the Meeting

51st Annual Report 201402

To – All members

Notice is hereby given that the 51st Annual General Meeting of the Petroleum Institute of Pakistan will be held at the Ambassador 3, Karachi Marriott Hotel, 9 Abdullah Haroon Road, Karachi on December 18, 2014 at 1600 hours to transact the following business:

1. To confirm the minutes of the 50th Annual General Meeting held on December 19, 2013.

2. To receive and adopt Report of Directors and Auditors together with audited financial statement of the Institute for the year ended June 30, 2014.

3. To appoint Auditors of the company and to fix their remuneration for the year 2014-2015.

4. To transact any other ordinary business of the Institute.

By Order of the Board

S. Nazeer Iqbal Company Secretary

Karachi November 26, 2014

Note:

1. The members entitled to attend and vote at the above meeting may appoint a member as proxy to attend and vote in place of the member at the meeting.

Proxies in order to be effective must be received at the Company»s Registered Office not later than 1600 hours on December 16, 2014.

2. Members are requested to notify the company of any change in their addresses.

03

Company Information

Board of Directors

Dr. Asim Hussain Chairman Mr. M. Aslam Sanjrani Chief Executive Officer Mr. Tariq Khamisani Mr. M. Arif Hameed Mr. Aftab HusainMr. Omar Yaqoob SheikhMr. S. Tariq Rizavi Mr. Sh. Imran-ul-HaqueMr. Hassan SobuctageenMr. Mobin SaulatMr. M. Adil Khattak Mr. Amjad Parvez JanjuaMr. Shoaib Warsi

Honorary Treasurer:

Mr. Abdul Malik

Company Secretary:

Mr. S. Nazeer Iqbal

Auditors:

A.F. Ferguson & Co.Chartered Accountants State Life Building No. 1-C I.I. Chundrigar Road, Karachi

Registered Office:

1st Floor, Federation House ST. 28, Block V, Kehkashan Clifton, Karachi. Tel: 021-35378701-02 Fax: 021-35378704 E-mail: [email protected] Website: www.pip.org.pk



Directors» ReportThe Directors have pleasure in presenting the 51st Annual Report of the Institute together with the audited financial statements of the Institute and the Auditors’ Report thereon for the year ended June 30, 2014

Financial Result Rupees

The surplus for the year, after providing for all operational, and administrative expenses amounted to 1,150,715

LESS: Taxation

Current tax -for the year 79,216 -for prior years 930,525Deferred tax 76,376 1,086,117

Total Surplus / (Deficit) for the year 64,597 ADD:Balance to surplus accountbrought forward from previous years 25,832,352

Surplus for the year as at June 30, 2014 25,896,949

Auditors

The present Auditors, Messrs A.F.Ferguson & Co., retire and , being eligible, offer themselves for re-appointment.

On behalf of the Board

Dr. Asim Hussain Chairman

Auditors» Report to the members


We have audited the annexed balance sheet of Petroleum Institute of Pakistan as at June 30, 2014 and the related income and expenditure account and cash flow statement together with the notes forming part thereof, for the year then ended and we state that we have obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purposes of our audit.

It is the responsibility of the Company’s management to establish and maintain a system of internal control, and prepare and present the above said statements in conformity with the approved accounting standards and the requirements of the Companies Ordinance, 1984. Our responsibility is to express an opinion on these statements based on our audit.

We conducted our audit in accordance with the auditing standards as applicable in Pakistan. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the above said statements are free of any material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the above said statements. An audit also includes assessing the accounting policies and significant estimates made by management, as well as, evaluating the overall presentation of the above said statements. We believe that our audit provides a reasonable basis for our opinion and, after due verification, we report that:

(a) in our opinion, proper books of accounts have been kept by the Company as required by the Companies Ordinance, 1984;

(b) in our opinion:

(i) the balance sheet and income and expenditure account together with the notes thereon have been drawn up in conformity with the Companies Ordinance, 1984, and are in agreement with the books of accounts and are further in accordance with accounting policies consistently applied;

(ii) the expenditure incurred during the year was for the purpose of the Company’s business; and

(iii) the business conducted, investments made and the expenditure incurred during the year were in accordance with the objects of the Company;

(c) in our opinion and to the best of our information and according to the explanations given to us, the balance sheet, income and expenditure account and cash flow statement together with the notes forming part there of conform with the approved accounting standards as applicable in Pakistan, and, give the information required by the Companies Ordinance, 1984, in the manner so required, and respectively give a true and fair view of the state of the Company’s affairs as at June 30, 2013 and of the surplus and its cash flows for the year then ended; and

(d) in our opinion no zakat was deductible at source under the Zakat and Ushr Ordinance, 1980 (XVIII of 1980).

A. F. Ferguson & Co.Chartered AccountantsKarachiDate: 24 November 2014

Engagement Partner: Waqas A. Sheikh

Balance Sheet As at June 30, 2014

The annexed notes 1 to 19 form an integral part of these financial statements.

M. Aslam SanjraniChief Executive Officer

Aftab HusainDirector


Note

2014Rupees

2013Rupees

ASSETS

Non-Current AssetsProperty, plant and equipmentDeferred taxation

Current AssetsShort term investmentsSubscriptions receivable Deposits, prepayments and other receivables Taxes recoverableCash and bank balances

SURPLUS ACCOUNT

Balance at beginning of the year Surplus for the year

LIABILITIES

Non-Current LiabilitiesStaff retirement gratuity

Current LiabilitiesTrade and other payables

Contingencies and Commitments

34

5

6

7

8

9

1,112,72510,304

1,123,029 23,302,676

762,0002,463,8172,490,7863,472,771

32,492,05033,615,078

25,832,352

64,59725,896,949

1,544,697

6,173,432

-

33,615,078

1,257,00586,680

1,343,685

23,049,4441,379,000

548,8102,435,1722,166,196

29,578,62230,922,307 20,138,3845,693,968

25,832,352

740,592

4,349,363

-

30,922,307



Income and Expenditure Account For The Year Ended June 30, 2014



Note

2014Rupees

2013Rupees

101112

13

14

3

15

16

16,458,0601,498,3212,416,329

137,000 700,550

-293,857

21,504,117

987,6667,968,9241,767,600 (203,150)130,871820,934

1,325,654155,375344,585316,10678,05863,131

510,101

88,000-

146,521234,521168,218459,227330,347147,212181,067

15,786,4475,717,670

(23,702)

5,693,968

Income from - Subscriptions - Short term investments - Seminars and Executive Learning Centre (net) - Sale of Pakistan Energy Outlook booklet - Sponsorship of PIP Supplement (net) - Savings bank account - Other income Less: Expenditure Subscriptions Salaries and allowances Pakistan Energy Outlook updation Provision for staff retirement gratuity - net Medical Travelling and conveyance Rent and electricity Printing and stationery Repairs and maintenance Postage and telephone Promotional and website maintenance Insurance Depreciation Auditors’ remuneration - Audit fee - Special/Other engagements - Tax consultancy fee

Legal and professional Receivables written-off Meeting expenses Entertainment Miscellaneous Surplus before taxation

Taxation

Surplus for the year transferred to Surplus Account

17,769,9452,053,232

72,11090,000

-136,37630,000

20,151,663

1,078,4488,952,974

-804,105312,047

2,126,6112,384,934 449,443

481,662463,658174,40170,439

560,898

88,00045,800

352,101485,90192,81350,000

192,178123,668196,768

19,000,9481,150,715

(1,086,117)

64,597



8,210,167 (191,494) (986,728)

7,031,945

(142,000)21,294

(23,000,000) 15,000,000 1,800,986

(6,319,720)

712,225

1,453,971

2,166,196

Cash Flow Statement For The Year Ended June 30, 2014



Note

2014Rupees

2013Rupees

17

7

Cash flow from operating activities

Cash generated from operationsGratuity paidTaxes paidNet cash (utilized in) / generated from operating activites

Cash flow from investing activities

Purchase of property, plant and equipmentProceeds from disposal of property, plant and equipmentInvestments made during the yearInvestments encashed during the yearIncome received on investments

Net cash generated from (utilized in) / investing activities

Net increase in cash and cash equivalents

Cash and cash equivalents at beginning of the year

Cash and cash equivalents at end of the year

988,548-

(1,065,355)(76,807)

(416,618)-

(3,000,000)3,000,0001,800,000

1,383,382

1,306,575

2,166,196

3,472,771

Notes To The Financial Statements For The Year Ended June 30, 2014


1. LEGAL STATUS AND OPERATIONS

Petroleum Institute of Pakistan (the Institute) was established in 1963, as a company limited by guarantee, for the purposes of promoting and coordinating the activities of oil and gas companies in Pakistan. The address of its registered office is 1st Floor, Federation House, St. 28, Block V, Kehkashan, Clifton, Karachi. The affairs of the Institute are managed by a Board of Directors representing companies operating in the oil and gas sector.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

2.1 Basis of preparation 2.1.1 These financial statements have been prepared under the historical cost convention except for re-measurement

of certain investments at fair value or at amortized cost and certain staff retirement benefits at present value.

2.1.2 The financial statements for the year ended June 30, 2013 were prepared in accordance with the requirements of the Companies Ordinance, 1984 (the Ordinance) and the Accounting and Financial Reporting Standards for Small – Sized Entities (SSEs) issued by the Institute of Chartered Accountants of Pakistan and as notified by the Securities and Exchange Commission of Pakistan (SECP). The requirements of the Ordinance and the directives issued by the SECP were followed in case where their requirements were not consistent with the requirements of SSEs.

Consequent to the Accumulated Surplus / Equity being in excess of Rs. 25 million, the Institute does not meet the definition of a Small Sized Entity (SSE) as per the Ordinance. Accordingly, the current year’s financial statements have been prepared in accordance with Accounting and Financial Reporting Standards for Medium – Sized Entities (MSEs) issued by the Institute of Chartered Accountants of Pakistan and provisions of and directives issued under the Ordinance. The requirements of the Ordinance and the directives issued by the SECP were followed in case where their requirements were not consistent with the requirements of MSEs.

2.1.3 The preparation of financial statements in conformity with the above requirements requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the company’s accounting policies. Estimates and judgments used in the preparation of financial statements are continually evaluated by the company and are based on historical experience and other factors, including expectations of the future events that are believed to be reasonable under the circumstances. The resulting accounting estimates / assumptions / judgments will, by definition, seldom equal the related actual results. The matter involving a higher degree of judgments or complexity

or areas where estimates, assumptions and judgments are significant to the financial statements are set out below:

- Residual values and useful lives of property, plant and equipment (note 2.2) - Taxation (note 2.5) - Provision for staff retirement gratuity (note 2.7)

2.2 Property, plant and equipment These are stated at cost less accumulated depreciation. Depreciation is charged to income by applying the

straight line method whereby the cost of an asset is written off over its estimated useful life. Depreciation is charged from the month the assets are available for use in service till the month they are disposed off or fully


depreciated. The residual values, useful lives and depreciation method are reviewed and adjusted, if appropriate, at each balance sheet date. An assets’ carrying amount is written down immediately to its recoverable amount if its carrying amount is greater than the estimated recoverable amount.

Maintenance and normal repairs are charged to income as and when incurred.

Gains and losses on disposal or retirement of an asset represented by difference between the sale proceeds and the carrying amount of the asset is recognized as an income or expense.

2.3 Investments

The Institute classifies its investments in the following categories: at fair value through profit or loss and held to maturity. The classification depends on the purpose for which the investments were acquired. Management determines the classification of its investments at initial recognition.

a) Held to maturity These are investments with fixed or determinable payments and fixed maturity for which the management

has positive intent and ability to hold till maturity.

All investments are initially recognized at cost, being the fair value of the consideration given including acquisition charges associated with the investment.

Subsequent to initial recognition, these investments are measured at amortized cost, less provision for impairment, using the effective interest rate method. Amortized cost is calculated by taking into account any discount or premium on acquisition. Any gain or loss is recognized in income when the investment is derecognized or impaired.

Investments are classified as current assets where the maturity of investment is within twelve months from the balance sheet date. Otherwise investments are classified as long term assets.

b) At fair value through profit or loss These are investments which are held for trading. Investment is classified in this category if acquired

principally for the purpose of selling in the short-term. Assets in this category are classified as current asset.

Gain or losses arising from changes in fair value of the ‘investments at fair value through profit or loss’ category are presented in the income and expenditure account within ‘income from short term

investments’ in the period in which they arise.

2.4 Receivables

Receivables are stated initially at original invoice amount, being the fair value, and are subsequently measured at amortized cost using the effective interest rate method, as reduced by provision for receivables considered to be doubtful. A provision is established when there is objective evidence that the Institute will not be able to collect all amounts due according to the original terms of receivables. Receivables considered irrecoverable are written off.

2.5 Taxation

2.5.1 Current

Provision for current taxation is based on the taxable income for the year, determined in accordance with the prevailing law for taxation on income, using prevailing tax rates. The charge for current tax also includes tax


credits and adjustments, where considered necessary, for prior years determined during the year or otherwise considered necessary for such years.

2.5.2 Deferred

Deferred income tax is provided using the liability method on all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax liabilities are generally recognized for all taxable temporary differences and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which the deductible temporary differences, unused tax losses and tax credits can be utilized.

Deferred income tax is determined using tax rates that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. Deferred tax is charged or credited in the income and expenditure account.

2.6 Cash and cash equivalents

For the purpose of the cash flow statement, cash and cash equivalents comprise cash in hand and balance with banks.

2.7 Staff retirement gratuity

The Institute operates an unfunded staff retirement gratuity scheme covering all its employees. Provision is made annually to cover obligations under the scheme on the assumption that all the employees will complete the minimum qualifying period of service.

2.8 Trade and other payables

These are stated initially at cost which is the fair value of the consideration to be paid in future for goods and services received, whether or not billed to the Institute and are subsequently measured at amortized cost using the effective interest rate method.

2.9 Provisions

Provisions are recognized when the Institute has a present legal or constructive obligation as a result of a past event, and it is probable that outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of obligation. The amount recognized is the best estimate of the expenditure required to settle the obligation on the balance sheet date. Provisions are reviewed annually and adjusted to reflect current best estimate.

2.10 Foreign currency transactions and translation

These financial statements are presented in Pakistan Rupees, which is the Institute’s functional currency. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognized in income and expenditure account.

2.11 Offsetting of financial assets and liabilities

A financial asset and a financial liability are offset and the net amount is reported in the balance sheet if the Institute has a legally enforceable right to set-off the recognized amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously.

2.12 Income - Subscriptions from members, sponsorship fee and registration fee for conferences and seminars held by the

Institute and income from advertisement are recognized when due. - Profit on investments is recognized using the effective interest method. - Profit on savings bank account is recognized on accrual basis.


3. PROPERTY, PLANT AND EQUIPMENT

The following is a statement of property, plant and equipment:

Furniture,fixtures andequipment

LibraryBook

Computersand ancillaryequipment

MotorVehicles

Total

————————————–(Rupees)—————————————-At July 1, 2012

CostAccumulated depreciationNet book value

Year ended June 30, 2013

Opening net book valueAdditionsDisposalCostAccumulated depreciation

Depreciation chargeClosing net book value

At July 1, 2013


Year ended June 30, 2014

Opening net book valueAdditionsDepreciation chargeClosing net book value

At June 30, 2014


Annual rate of depreciation

704,619(535,567)169,052

169,052-

---

(50,035)119,017

704,619(585,602)119,017

119,017132,708(64,180)

187,545

837,327(649,782)187,545

20

17,715(17,715)

-

--

-----

17,715(17,715)

-

----

17,715(17,715)

-

-

1,105,552 (735,201)370,351

370,351 55,000

49,900 (34,653) 15,247

(155,457)254,647

1,110,652 (856,005)254,647

254,647 283,910 (179,059)359,498

1,394,562 (1,035,064)

359,498

33.33

1,554,285 (453,335)1,100,950

1,100,950 87,000

52,990 (52,990)

- (304,609)

883,341

1,588,295 (704,954) 883,341

883,341 -

(317,659)565,682

1,588,295 (1,022,613)

565,682

20

3,382,171 (1,741,818)1,640,353

1,640,353 142,000

102,890 (87,643)

15,247 (510,101)1,257,005

3,421,281 (2,164,276) 1,257,005

1,257,005 416,618

(560,898) 1,112,725

3,837,899 (2,725,174)1,112,725

%


5.1 Represents investments in open end mutual funds valued at their respective net assets value at balance sheet date.

6.1 Represents receivable from Industrial Collective Members (ICM) in respect of following special contributions:

2014Rupees

2013Rupees

4. DEFERRED TAXATION Debit balance arising in respect of - provision for gratuity - accelerated accounting depreciation 5. SHORT TERM INVESTMENTS - Fair value through profit or loss Mutual Fund Securities (note 5.1)

2014Rupees

2013Rupees

6. DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES - Considered good

Security deposit Prepayments Receivable from employees Receivable from the Chief Executive Accrued profit on savings bank account Other receivables (note 6.1)

75,000 1,072,825

54,648 30,711 30,633

1,200,000 2,463,817

- 385,342

- - -

163,468 548,810

2014Rupees

2013Rupees

Deficit for the financial year 2008 and 2009 Contribution receivable from ICMs for 21st World Petroleum Conference Stall Others

-

1,200,000

- 1,200,000

83,468

-

80,000 163,468

10,195109

10,304

23,302,676

84,795 1,885

86,680

23,049,444


2014Rupees

2013Rupees

7. CASH AND BANK BALANCES Cash in hand Balance with banks on: - current account - savings account

8. STAFF RETIREMENT GRATUITY Balance at beginning of the year Add: Charge for the year - net Less: Benefits paid during the year Balance at end of the year 9. TRADE AND OTHER PAYABLES Advances against subscriptions Accrued liabilities Other payables 10. INCOME FROM SUBSCRIPTIONS Industrial collective members Individual members 11. INCOME FROM SHORT TERM INVESTMENTS Profit on Term Deposit Receipts Gain on disposal of investments - Mutual Fund units Unrealized gain on remeasurement of - investments at fair value 12. SEMINARS AND EXECUTIVE LEARNING CENTRE Income from Seminars and Executive Learning Centre (ELC) Less: Expenses incurred on Seminars and ELC

17

486,304 2,986,450 3,472,754 3,472,771

740,592

804,105 -

1,544,697

5,272,000 477,039 424,393

6,173,432

15,788,000 1,981,945

17,769,945

-

1,800,000

253,232 2,053,232

600,040 527,930 72,110

15

709,717 1,456,464 2,166,181 2,166,196

1,135,236 (203,150) (191,494) 740,592

17,000 1,198,349 3,134,014 4,349,363

15,000,000 1,458,060

16,458,060

1,448,877

-

49,444 1,498,321

4,946,250 2,529,921 2,416,329


2014Rupees

2013Rupees13. OTHER INCOME

Old liabilities written back Gain on disposal of property, plant and equipment Exchange gain Others

14. SALARIES AND ALLOWANCES

Salaries and allowance includes an aggregate amount of Rs. 3,451,816 (2013: Rs. 4,970,262) for the remuneration to the Chief Executive of the Institute, which includes Rs. 751,816 in respect of remuneration to acting Chief Executive, who held this office for the period July 1, 2013 to October 31, 2013.

15. RECEIVABLES WRITTEN-OFF Individual member subscription Contributions from Industrial Collective Members

16. TAXATION Current tax - for the year - for prior years Deferred tax

- - -

30,000 30,000

215,125 6,048

47,963 24,721

293,857

2014Rupees

2013Rupees

50,000

- 50,000

60,500

398,727 459,227

79,216

930,525 76,376

1,086,117

98,546

- (74,844) 23,702

2014Rupees

2013Rupees

1,150,715

804,105 560,898 50,000

(2,053,232) - -

476,062 988,548

567,000

(1,915,007)

1,824,069 476,062


18. TRANSACTIONS WITH RELATED PARTIES

Details of transactions with related parties during the year have been disclosed in respective notes to the financial statements.

19. DATE OF AUTHORIZATION The financial statements were approved and authorized for issue by the Board of Directors of the Institute on 14-11-2014.

17. CASH GENERATED FROM OPERATIONS Surplus before taxation Adjustment for non cash charges and other items: Provision / (Reversal) for staff retirement gratuity Depreciation Receivables written-off Income from investments Gain on disposal of property, plant and equipment Old liabilities written back Working capital changes - note 17.1

17.1 Working capital changes (Increase) / Decrease in current assets: Subscriptions receivable Deposits, prepayments and other receivables Increase in current liabilities: Trade and other payables

5,717,670

(203,150) 510,101 459,227

(1,498,321) (6,048)

(215,125) 3,445,813 8,210,167

(923,000) 2,533,815

1,834,998 3,445,813



1 Asia Petroleum Ltd 14th Floor, The Harbor Front, HC-3, Dolmen City Block 4, Scheme - 5, Clifton Karachi. UAN: 111 275 111 Tel : (021) 35294034-7 Fax : (021) 35294040 2 Attock Refinery Ltd Refinery P.O. Morgah Rawalpindi Tel : (051) 5487091, 5487041 Fax : (051) 5487093 3 BHP Petroleum (Pakistan) Pty Ltd 42, Khayaban-e-Iqbal, F-7/2 Islamabad. UAN : 111 247 725 Tel : (051) 265 1365 Fax : (051) 265 1705 4 Chevron Pakistan Limited 1st Floor, State Life Building No. 11 Abdullah Haroon Road Karachi Tel : (021) 3568 1371 Fax : (021) 3568 5014 Fax : (021) 35610634, 35610966 5 ENGRO VOPAK TERMINAL LIMITED 16th Floor, The Harbor Front Building, HC-3, Marine Drive Block 4, Clifton Karachi UAN : 111-311-311 Tel : (021) 35293901-3 Fax: (021) 35293906 6 Eni Pakistan Ltd The Forum, 5th Floor G-20, Block 9, Khayaban-e-Jami, Clifton Karachi Tel : (021) 3587 9951 Fax : (021) 3583 8394-95

7 Fauji Oil Terminal and Distribution Co. Limited PQA, Port Bin Qasim Karachi Tel : (021) 34720003-5 Fax : (021) 34720010 8 Government Holdings (Pvt) Ltd H. No. 17, Street No. 89 G-6/3 Islamabad Tel : (051) 9211236-7, 9211239-40 Fax: (051) 9213972, 9211249 9 Inter State Gas Systems (Pvt) Limited 517, Main Margalla Road, F-10/2 Islamabad Tel : (051) 926 7672-74 Fax : (051) 926 7671 10 Khyber Pakhtunkhwa Oil & Gas Co. Limited H # 492, Street 13, Sector E-4, Hayatabad Peshawar Tel : (091) 5615142, 5615144-45 Fax: (091) 5615149 11 Mari Petroleum Company Limited 21, Mauve Area, 3rd Road, G-10/4 Islamabad UAN :(051) 111-410-410 Fax : (051) 229 7686 12 MOL Pakistan Oil and Gas Co. B.V. Plot No: 5-A, Crown Plaza, F-7 Markaz Islamabad UAN : 111-665-725 Fax : (051) 2655 827 13 National Refinery Ltd 7-B, Korangi Industrial Area Karachi Tel : (021) 35064977-79 Fax: (021) 35054663

Industrial Collective Members – 2014-2015

18 1751st Annual Report 2014


14 Oil & Gas Development Co. Ltd OGDC House Plot No. 3, Jinnah Avenue, Blue Area Islamabad Tel : (051) 920 9811-18 Fax : (051) 920 9764 15 OMV (Pakistan) Exploration GmbH Islamabad Stock Exchange Building Floor 15, 55-B, Jinnah Avenue, Blue Area Islamabad UAN : 111-668-668 Tel: (051) 208 9213 Fax: (051) 2894870-1

16 Pak-Arab Pipeline Co. Ltd C/o. Pak-Arab Refinery Ltd Corporate Headquarters Korangi Creek Road, Korangi Karachi. Tel : (021) 3509 0100-125 Fax : (021) 3509 0625 17 Pak-Arab Refinery Ltd Corporate Headquarters Korangi Creek Road, Korangi Karachi. Tel : (021) 3509 0100-125 Fax : (021) 3509 0929 18 Parco Pearl Gas (Private) Limited House No. 52, Margalla Road Sector F-8/2 Islamabad UAN : 111 798 798 Fax : (051) 2852712-3 19 Pakistan Petroleum Ltd PIDC House, 4th Floor Dr. Ziauddin Ahmed Road Karachi UAN : 111 568 568 Tel : (021) 3565 1480-98 Fax : (021) 3568 0005 20 Pakistan Refinery Ltd Korangi Creek Road, Korangi Karachi Tel : (021) 3509 1771-79 Fax : (021) 3506 0145

21 Pakistan State Oil Co. Ltd PSO House Khayaban-e-Iqbal, Clifton Karachi Tel : (021) 9920 3866-95 Fax : (021) 9920 3835

22 Shell Pakistan Ltd Shell House 6 Ch. Khaliquzzaman Road Karachi. UAN : 111-888-222 Tel : (021) 3568 9525 23 Sui Northern Gas Pipelines Ltd Gas House 21, Kashmir Road Lahore. Tel : (042) 99082000, 99082006 Fax : (042) 9920 1302 24 SSGC LPG (Private) Limited 301-4, 3rd Floor, Clifton Diamond Building Plot BC 10, Block 4, Clifton Karachi Tel : (021)35291022-28 Fax: (021)35290906 25 Sui Southern Gas Co. Ltd St. 4/B, Block 14, Gulshan-e-Iqbal Sir Shah Suleman Road Karachi Tel : (021) 99021000 Fax : (021) 99021550

26 TOTAL PARCO PAKISTAN LTD 11/1, Block - B, Model Town Lahore Tel : 111-709-709 Fax : (042) 587 3337 27 United Energy Pakistan Limited 4th Floor, Bahria Complex - 1 24, M.T. Khan Road Karachi Tel : (021) 35611194-96 Fax: (021) 35610634, 35610966

ASIA PETROLEUM LIMITED

1. Mr. Yacoob Suttar 2. Mr. Nadeem A. Qureshi 3. Ms. Gulzar Khoja 4. Mr. Kamran Anwar 5. Ms. Clarita I. Ahmed 6. Mr. Ajmal Ilyas Nagaria 7. Mr. Zeeshan Adeel 8. Mr. Munir Budhwani 9. Mr. Usman Arif Khan 10. Mr. Shakil Ahmed 11. Mr. Adnan H. Siddiqui 12. Mr. Saif Ahmed 13. Mr. Muhammad Hanif 14. Mr. Muhammad Asif Ansari 15. Mr. Imran Waseem 16. Mr. Adeel Ahmed ATTOCK REfiNERY LIMITED

1. Mr. M. Adil Khattak2. Mr. Mansoor Shafique3. Mr. Ejaz H.Randhawa4. Mr. Malik Masood Sadiq5. Syed Asad Abbas 6. Mr. Khurram Jalil7. Mr. Asif Saeed8. Mr. Salman Tariq9. Mr. Munir Azam Temuri10. Mr. Nayyer Ahmad11. Mr. Muhammad Irshad Ramay12. Mr. Khalid Mahmood 13. Mr. Arshad Hayee Khan 14. Mr. Mohammad Aliemuddin15. Raja Nadeem Khalid16. Mr. Muhammad Habib Anwar 17. Mr. Muhammad Zia ul Haq Mirza18. Mr. Sardar Lal Khan19. Mr. Saeed Uddin Ahmed Faruqi20. Mr. Muhammad Anwar 21. Mr. Anwer Saeed 22. Mr. Naveed Ahmad 23. Mr. Sohail Gulzar24. Mr, Arshad Nazir25. Mr. Usman Ali Khan

26. Mr. Iftikhar Yousaf 27. Mr. Zulfiqar Ali Khurram 28. Mr. Saifur Rehman Mirza 29. Mr. Usman Ishaq Raja 30. Mr. Muhammad Tahir Hussain 31. Mr. Ayaz Khan 32. Mr. Kamaluddin 33. Mr. Nasir Memon 34. Mr. Saqib Rauf 35. Mr. Anjum Naveed 36. Mr. Salman Ahmad Sheikh 37. Mr. Asif Munir Khan 38. Mr. Jahanzeb Abbas 39. Mr. Khurram Waheed 40. Mr. Hassan Ahmed

BHP PETROLEUM (PAKISTAN) PTY LIMITED

1. Mr. Mehdi Sibtain2. Mr. Akbar Ali Khan 3. Mr. Asghar Hayat Khan 4. Mr. Farid Intisar 5. Mr. Atif Janjua 6. Mr. Adnan Javed 7. Mr. Robert Knights 8. Ms. Humera Malik 9. Mr. Abid Husain 10. Mr. Naveed Alam 11. Mr. Waseem Siddiqui 12. Mr. Mushtaq Abbasi 13. Mr. Geoff Watson14. Mr. Abdul Haq

CHEVRON PAKISTAN LTD

1. Mr. Nadeem Jafarey2. Mr. Mohammad Zubair3. Mr. Faisal Abid4. Mr. Kashif Latif5. Mr. Ali Akbar Khalil6. Mr. Adeel Minhaj7. Mr. Shamveel Ahmed8. Ms. Nuzhat Hussain9. Mr. Amiz Haroon Katia10. Mr. Aamer Ali

Individual Members – 2014 - 2015


11. Mr. Aamir Malik12. Mr. Imran Zia13. Ms. Humaira Nadeem14. Mr. Ausaf A. Kidwai15. Mr. Abdul Basit16. Mr. Ahmed Waseem Qadri17. Mr. Usman Aziz Bilgrami18. Mr. M. Azam Siddiqui19. Mr. Naveed Asghar20. Mr. Jawed Tanwir Abbasi21. Mr. S. A. Humayun Siddiqui22. Mr. Shahzad Akbar Rizvi23. Mr. Yousuf Ismail Tinwala24. Mr. M. Najam Shamsuddin25. Mr. Syed Hassan Mahmood Zaidi26. Ms. Naila Anwar Malik27. Mr. Muhammad Hasan ul Muaab28. Ms. Meher Sohrab Patel29. Ms. Adra Khan30. Ms. Aisha Masood31. Mr. Tanzeel Ur Rehman32. Mr. Danish Hussain Qureshi33. Mr. Naveed Butt34. Mr. Syed Ehsan Shahrukh35. Mr. Akif Alam Khan36. Mr. Raza Ul Haque37. Mr. Abdul Kashif Latif38. Mr. Aamir Ahmed Khan39. Mr. Badar Siddiqui40. Mr. Ali Faisal Qadri41. Mr. waqar Abbasi42. Mr. Muhammad Sagheer43. Mr. Alauddin44. Mr. Aiman Khan 45. Mr. Dawood Hasan46. Mr. Adil Rasheed47. Mr. Tariq Deedar48. Mr. M. Mubeen Hussain49. Mr. Ahmed Hasan Zaidi50. Mr. Waheed Akhtar

ENGRO VOPAK TERMINAL LTD

1. Sheikh Imranul Haque

ENI PAKISTAN LIMITED

1. Mr. Manfredi Giusto 2. Mr. Shaukat Channah 3. Mr. Caludio Nicolai

4. Mr. Giovanni Botto 5. Mr. Farooq Rafi 6. Mr. Ali Hamdani 7. Mr. Nasir Ahmed 8. Mr. Gianni Delle Foglie 9. Mr. Saleem Taj 10. Mr. Irfan Zulfiquar 11. Mr. Murad Khan 12. Mr. Amjad Wahab 13. Mr. Achille Tiribelli 14. Mr. Kamran Ajmal Mian 15. Maj (Retd) Mushtaq Ahmed

FAUJI OIL TERMINAL & DISTRIBUTION CO. LTD

1. Lt. Gen. Muhammad Mustafa Khan (Retd) 2. Mr. Qaiser Javed 3. Dr. Nadeem Inayat 4. Maj. Gen. Nasir Mahmood (Retd) 5. Mr. Masood Karim Shaikh 6. Mr. Hassan Sobuctageen 7. Mr. Sajid Mehmood 8. Col. Muhammad Akmal Moughal (Retd)

GOVERNMENT HOLDINGS (PRIVATE) LIMITED

1. Mr. Abid Saeed 2. Mr. Zahid Nazeer Bhatti 3. Mr. Javed Ghafoor4. Mr. Muhammad Arif 5. Syed Ashrafuddin 6. Mr. Musharraf Abdullah

INTER STATE GAS SYSTEMS (PVT) LIMITED

1. Mr. Mobin Saulat 2. Mr. Falak Taj 3. Mr. Nasser Anwar 4. Mr. Azhar Imtiaz Bhatty5. Mr. Babar Majid 6. Mr. Nasir Chaudhry

KHYBER PAKHTUNKHWA OIL & GAS CO. LTD

1 Mr. M. Raziuddin2 Mr. Amjad Ali3 Dr. Ilyas Khurshid4 Engr. Shahan Bacha5 Mr. Naeem Ullah


MARI PETROLEUM COMPANY LIMITED

1. Lt. Gen Nadeem Ahmed (RETD)2. Mr. Assad Rabbani3. Mr. Muhammad Asif4. Mr. Tufail Ahmad Khoso5. Mr. Javed Iqbal Jadoon6. Mr. Asif Ali Rangoonwala7. Mr. Zafar Zaheer8. Mr. Muhammad Saleem Siddique9. Mr. Saeed Qureshi10. Mr. Muhammad Hussain11. Mr. Muhammad Ijaz12. Mr. Ijaz Hussain Malik13. Mr. Ishrat Rehman14. Mr. Aftab Memon15. Mr. Zulfiqar Anjum

MOL PAKISTAN OIL & GAS CO. B.V.

1. Mr. Ÿkos Grosz2. Mr. Majdi Ahmad3. Mr. Istvan Pardi4. Mr. Ahmad Awan Nawaz5. Mr. Jawad Ahmed6. Mr. Raja Gulfraz Akhtar7. Mr. Ejaz H. Hashmi8. Mr. Khalid Iqbal9. Mr. Csaba Raisz10. Mr. Mohammad Azeem 11. Mr. Afzaal Akhtar12. Mr. Ahmed Rauf13. Mr. Qazi Shujaat Ali14. Col. Niaz Safdar15. Mr. Zubair Chughtai16. Mr. Ali Amjad Jafri 17. Mr. Abid Hussain 18. Mr. Syed Qamar Ali Shah19. Mr. Abid Hussain Abbasi 20. Mr. Rizwan Fidai21. Mr. Abdul Malik Kakar

NATIONAL REFINERY LIMITED

1. Mr. Shuaib A. Malik2. Mr. Jamil Ahmed Khan3. Mr. Shahid Waheed Khawaja4. Mr. Muhammad Aslam5. Mr. Aftab Ahmed Zahid6. Mr. Nisar A. Khan7. Mr. Shakeel A. Asif

8. Mr. Abdul Hafeez9. Mr. Mairaj A. Khawaja10. Mr. Insha Ahmed11. Mr. Abdus Sattar12. Mr. Zaman Bhatti13. Mr. Riaz Malik14. Mr. Imtiaz Hussain15. Mr. Faheem Siddiqui16. Mr. Afzal A Shad17. Mr. Muzafar Khichi18. Mr. Shahab Rizvi19. Mr. Mir Shabir20. Mr. Asif Iqbal

OIL & GAS DEVELOMENT COMPANY LIMITED

1. Mr. Muhammad Rafi 2. Mr. Muhammad Riaz Khan 3. Mr. Basharat A. Mirza 4. Mr. Masood Nabi 5. Mr. Muhammad Aslam Khan Niazi 6. Mr. Tahir Shaukat 7. Mr. Arshad Mehmood Khan 8. Mrs. Shabina Anjum 9. Mr. Mushtaq Ahmad 10. Mr. Rashid Mahmood 11. Mr. Salman Amin12. Mr. Muhammad Ayaz 13. Mr. Amjad Saeed Yazdani 14. Mr. Bashir Ahmed 15. Dr. M. Saeed Khan Jadoon 16. Mr. Khan Alam 17. Mr. Imran Shukat Ali Khan 18. Mr. Naseer Ahmed Rana 19. Mr. Muhammad Iqbal Sheikh 20. Mr. Syed Ahmad Naeem 21. Mr. Qamar-ul-Haq 22. Mr. Arshad Malik 23. Mr. Ifran Babar Khan24. Mr. Asad Ahmad Asad 25. Mr. Ahmed Hayyat Lak

OMV (PAKISTAN) EXPLORATION GMBH

1. Mr. Kurt Wagner 2. Mr. Harald Osel 3. Mr. Adeel Rahmani4. Mr. Martin Zanetti5. Mr. Abdul Wahid Chughtai6. Mr. Muhammad Ikhlas


7. Mr. Nasir Zaman8. Mr. Michael Stairs9. Mr. Muhammad Ibrahim10. Mr. Saqib Hussain11. Mr. Shoaib Mahboob12. Mr. Adnan Rashid13. Mr. Gerhard Frey

PAK-ARAB PIPELINE COMPANY LIMITED

1. Mr. Feroze J. Cawasji2. Mr. Omar Motiwalla3. Mr. Nadeem Yusuf Mufti4. Mr. Jawad Ahmed5. Mr. Sohail Suleman6. Mr. Zafar Iqbal7. Mr. M. Faisal Qureshi8. Mr. M. Saad Umair Afsar

PAK-ARAB REFINERY LTD

1. Mr. S. Tariq Rizavi2. Mr. Shuja uddin Ahmed3. Syed Zakir Hussain Shah4. Mr. Munawar Ali Tejani5. Mr. Ahmed Nadeem Jamal6. Syed Zawar Haider7. Mr. Shah M. Saad Husain8. Mr. Shahid Mahmood Khan9. Syed Ali Abid Naqvi10. Mr. Amjad Hafeez11. Mr. Khalid Rashid Khan12. Syed Shahid Mahmood13. Mr. Sharon Dias14. Mr. Mohammad Omair Pirzada15. Mr. M. Abdul Qayyum Khan16. Mr. Imran Rab17. Mr. Raheel Hafeez Seghal (BR)18. Mr. Munawar Ahmad19. Mr. Aly Zaki Ansari20. Mr. Tahir Rashid21. Mr. Adil Aziz Khan22. Mr. Aamir Abbas23. Mr. Muhammad Iqbal24. Mr. Shabbir Sultan25. Mr. Muhammad Iftikhar Ahmed26. Mr. Babar Mehmood Shahzad27. Mr. Muhammad Tahir28. Mr. Aslam Pervaiz Abbasi29. Mr. Pervaiz Ahmed

30. Mr. Riaz A. k. Butt31. Mr. Muhammad Yasin32. Mr. Mustafa Kamal33. Mr. Mushtaq Ahmed34. Mr. Iftikhar Ahmed35. Mr. Moin-Ur-Rehman36. Mr. Muhammad Habibullah37. Mr. Mirza Zahid Baig38. Mr. Waseem Ahmed Khan39. Mr. Abdul Qadir40. Mr. Aziz Vayani41. Mr. Abdul Nasir Khan42. Mr. Muhammad Rahseed43. Mr. Gulsher Shaikh44. Mr. Muzaffar Ali Khan45. Mr. Muhammad Asif Bahtti46. Mr. Muhammad Ijaz Ahmed47. Mr. Qadeer Ahmed48. Mr. Fahim Wahid Motiwala49. Mr. Zafar Iqbal50. Mr. Ikram Ilahi Sethi51. Mr. Muhammad Iqbal Khan

PARCO PEARL GAS (PVT) LIMITED

1. Mr. Feroze J. Cawasji 2. Mr. Amir Latif Butt3. Mr. Naveed J Solaija4. Mr. Agha Fawad Mehmood5. Mr. Azhar Sarwar6. Mr. Sohail Janjua7. Mr. Muhammad Mohsin Maan8. Mr. Muhammad Aurangzeb9. Mr. Nayyer Aqib10. Mr. Haris Zeb11. Mr. Aamir Islam12. Mr. Rizwan Ul Hassan13. Mr. Syed Imran Rizvi14. Mr. Syed Asad Hussain15. Mr. Waseem Ashfaq16. Mr. Yasser Mumtaz

PAKISTAN PETROLEUM LIMITED

1. Mr. Arshad Mirza2. Mr. Waqar A. Malik3. Mr. Asim Murtaza Khan4. Mr. Moin Raza Khan5. Mr. Dr. Fareed Iqbal Siddiqui6. Mr. Ghulam Farooq Maniar


23

7. Mr. Hayat Ahmad8. Mr. Javed Siddiqui9. Mr. Kamran Wahab Khan10. Mr. Masroor Ahmad11. Mr. Anwar Hussain Mirza12. Mr. Sultan Maqsood13. Mr. Syed Kaleem Akhtar14. Dr. Nadeem Ahmad15. Mr. Anwar Farid16. Mr. Mohammed Arshad Siddiqui17. Mr. Abid Ashfaque Malick18. Mr. Khalid Raza19. Mr. Syed Mumtaz Alam20. Mr. Maqsood Ahmad Toor21. Mr. Rehan Mohiuddin Ahmed22. Mr. Sadiqain Haider23. Mr. Zafeer Hassan Khan24. Mr. Zafar Iqbal Kahara25. Mr. Nauman Hussain Tirmizi26. Dr. Khurram Shahid27. Mr. Danish Zuberi28. Mr. Abdul Qayyum29. Mr. Mohammad Asadullah Khan Adil30. Mr. Syed Rashid Hasan Gilani31. Mr. Muhammad Nawaz32. Mr. Muhammad Noman Khan33. Mr. Syed Muhammad Tauqeer34. Mr. Syed Rahat Hussain Naqvi35. Mr. Jamil Akhtar36. Mr. Sagheer Hussain37. Mr. Muneer Ahmed Memon38. Mr. Dr. Shujjat Ahmed39. Mr. Tauseef Ahmad Khan40. Mr. Dr. Muhammad Iqbal41. Mr. Syed Firasat Shah42. Mr. Syed Shariq Ali Hashmi43. Mr. Atta Mohammad Khakwani44. Mr. Muhammad Ali45. Mr. Saiyed Mohammed Ghufran Haider46. Mr. Shahid Mir Basha47. Mr. Syed Javed Zahoor48. Mr. Majid Ali Siddiqui49. Mr. Omer Hayat Bugti50. Mr. Waheeduddin Ahmed Ansari51. Mr. Sajjad Ahmed

PAKISTAN REFINERY LIMITED

1. Mr. Aftab Husain2. Ms. Seema Adil

3. Mr. M. Naman Shah4. Mr. Imran Ahmed Mirza5. Mr. Muhammad Ali Mirza6. Mr. Muhammad Azhar7. Mr. Najam Mahmud8. Mr. Asad Hasan9. Mr. Mohammad Khalid10. Mr. Shehrzad Aminullah11. Mr. Shakeel Akber Rizvi12. Mr. Abdul Majid13. Mr. Asim H. Akhund14. Mr. Akbar Musharraf15. Mr. M. Anees Akthar16. Mr. Khalid Shamsher17. Maj. ® Kamran Rab18. Mr. Fawad Hussain19. Mr. M. Farhan Hassan20. Mr. Sami-ur-Rehman21. Mr. Mustafa Ali Khan22. Mr. Ameer Hussain23. Mr. Muhammad Noman24. Mr. M. Hafeez khan25. Mr. Syed Azeemuddin26. Mr. Nadeem Akhter27. Mr. Junaid Muhammad Khan28. Mr. Omar Siddiqui29. Mr. Munir Ahmad30. Mr. Syed Abdul Qadir31. Mr. Kamran Jaweed32. Mr. Muhammad Asad Malik33. Mr. Mohammad Akhtar Ali34. Mr. Irfan Ul Haque Patel35. Mr. Irfan Ahmed Siddiqui36. Mr. Salman Saleem37. Mr. Akhtar Hussain Khatri38. Mr. Abid Abbas Safdar39. Mr. Naveed Kamran40. Mr. Syed Faisal Aziz41. Mr. Muhammad Naeem Bhatti42. Mr. Farhan Khan43. Mr. Tariq Masood44. Mr. Muhammad Nouman Khan45. Ms. Sandhya Tara46. Mr. Raheel Ahmad Hanfi47. Mr. Sameer Ahmed Khan48. Mr. Muhammad Asim Hayat49. Mr. Asad Ali Khan50. Ms. Rida Ahmed


PAKISTAN STATE OIL CO. LIMITED

1. Mr. Amjad Parvez Janjua 2. Mr. Jehangir Ali Shah3. Mr. Sohail A. Butt4. Mr. Yacoob Suttar5. Mr. Naved Alam Zubairi6. Dr. S. Nazir Abbas Zaidi7. Mr. S. Zulfiqar Ali Jaffri8. Mr. S. Tariq Hasan Razvi9. Mr. Aziz Hemani10. Mr. Babar H. Chaudhary11. Mr. Tariq Akbar Khan12. Mr. Mir Shahzad Talpur13. Mr. Raja Imranullah Khan14. Dr. Altaf Hussain Soomro15. Ms. Shamail S. Shah16. Mr. Arif Nasib17. Mr. Asif Aslam Khan 18. Mr. Hammad Zafar19. Ms. Shaista S. Sumar20. Mr. Amjad Mehmood Khan21. Mr. Syed Moinuddin Balkhi 22. Lt. Col. (R) Fazle Abbas 23. Mr. Hassan Ali Hamdani24. Mr. Khalid Mehmood25. Mr. Nawaid Anjum Zaidi26. Mr. Yousuf Ahmed Mirza 27. Mr. Rustom H. Mavalvala28. Mr. Munawar A. Minhas29. Mr. Naimatullah Behan30. Mr. Babar Zia Hashmi31. Mr. Musheer Haider 32. Mr. Anis Ul Rehman33. Mr. M. Azam Farooqi34. Mr. Masroor Qasim35. Mr. Salim Akhtar Khan36. Mr. Aminuddin37. Mr. Rifat A Khan38. Mr. Munir A. Makhdoom39. Mr. Arif Rasheed Khan40. Mr. Naseem Aftab 41. Ms. Sumera Manzar42. Mr. Tariq Hussain43. Mr. M. Nasir Khan44. Mr. Asad Raza Faiz45. Mr. Ejaz Ahmed Khan46. Mr.Saad Uddin Ahmed 47. Mr. Syed Nasik Ijaz 48. Mr. M. Rizwanul Haque49. Ms. Mariam Shah

50. Mr. Adeel Ather

SHELL PAKISTAN LTD

1. Mr. Omar Sheikh 2. Mr. Rafi Basheer 3. Mr. Haroon Rashid 4. Mr. Abid Saeed Ibrahim 5. Ms. Shafaq Omar 6. Mr. Iftikhar Din 7. Mr. Tariq Saeed 8. Mr. Yousuf Ali 9. Mr. Mazhar U. Deen 10. Mr. Zubair Shaikh 11. Mr. Tauseef ul Islam 12. Mr. Yasser Effendi 13. Mr. Taha Magrabi 14. Mr. Hisham Khan 15. Mr. Umer Asif 16. Ms. Afshan Pasha 17. Mr. Asif Iqbal 18. Mr. Behzad Khan 19. Mr. Masroor Khan 20. Dr. Jawed Iqbal 21. Mr. Junaid Khan 22. Ms. Madiha Khalid 23. Ms. Connie Mendes 24. Mr. Aadil Riaz 25. Mr. Mohsin Sukkurwala 26. Mr. Asif Iqbal Ansari 27. Ms. Maria Rehan 28. Mr. Owais Sultan 29. Ms. Afshan Khan 30. Mr. Aamir Millwala 31. Mr. Farooq Barkat 32. Mr. Faisal Tariq 33. Ms. Mehnaz Mohajir 34. Mr. Ghulam Raza Hemani 35. Mr. Rayomand Ghadiali 36. Mr. Omair Waseem 37. Mr. Syed Haris 38. Mr. Mian Usman 39. Mr. Zain Agha 40. Mr.Yasir Ali 41. Mr. Habib Haider 42. Mr. Zeeshan Anwar 43. Ms. Nadia Hussain 44. Mr. Omair Waseem 45. Mr. Faisal Aleem 46. Mr. Iqtidar Siddiqui


25

47. Mr. Fida-e-Hasan Zaidi 48. Mr. Muhammad Ali Sheikh 49. Ms. Natasha Qamar 50. Mr. Mansoor Murad

SUI NORTHERN GAS PIPELINES LIMITED 1. Mr. M. Arif Hameed2. Mr. Amjad Latif3. Mr. Ali Hussain Qureshi4. Mr. S. Zahid Hussain5. Mr. M. Liaqat Raza6. Mr. Sohail M. Gulzar7. Mr. Najeeb ul Hassan8. Mr. M. Aslam9. Mr. Abdul Aziz10. Mr. Sibghatullah11. Mr. Asif Akbar Khan12. Mr. M. Khalid Aftab13. Mr. Mehmood Zia Ahmad14. Mr. Mir Muhammad Ali Tipu15. Mr. Abdul Ahad Shaikh16. Mr. Ejaz Ahmad Chaudhary17. Mr. Kashif Siddiqui18. Mr. M. Iftikhar19. Mr. Ejaz ur Rehman20. Mr. Imran Ahmad Khan21. Mr. M. Hanif22. Mr. M. Naseer Feroz23. Mr. Moeen Ahmed24. Mr. M. Akram Arain25. Mr. Javed Iqbal Khan26. Mr. Farrukh Majeed Bala27. Mr. M. Ashraf Nadeem28. Mr. Qaiser Masood29. Mr. Shaheryar Qazi30. Mr. Imran yousaf Khan31. Mr. Amjad Mumtaz32. Mr. S. M. Tariq Iqbal33. Mr. Shahzad Iqbal Laun34. Mr. M. Zahoor35. Mr. Ali Ahmed36. Mr. M. Tayyab Faisal37. Mr. Shahadat Ali38. Mr. M. Haroon Khan39. Mr. Muhammad Arshad40. Mr. M. Ikram41. Mr. Navied Ashraf42. Mr. Ashraf Mahmood43. Mr. Saqib Arab

44. Mr. Rafique Ahmad45. Mr. Mir Bahadur Khan46. Mr. Ikramullah Khan47. Mr. Waqar Ashraf48. Mr. Irfan Baig49. Mr. Shahzad Nazir Qurahshi50. Mr. M. Ijaz Ahmed51. Mr. Zafar Mahmood Bhutta

SSGC LPG (PRIVATE) LIMITED

1. Mr. Sohail A. Quraishi2. Mr. Ghalib Jalees3. Mr. Ahmed Z. Zaheer4. Mr. Liaqat Ali5. Mr. Faheem Durrani6. Mr. M. Ali Khan7. Mr. Sami Javed8. Mr. Syed Hassan9. Mr. Asad Ur Rehman10. Mr. Naveed Aslam11. Mr. Zeeshan Haider12. Mr. Tariq Zia13. Mr. Zulfiqar Siddisui14. Mr. Ahsan Uddin15. Mr. Awais Ali Butt16. Ms. Noreen Akhtar17. Mr. Ejaz Rana18. Mr. Adnan Javed19. Mr. Farrukh Anis20. Mr. Ali Ansari21. Mr. Raja Yasir22. Mr. Mohib H. Khan

SUI SOUTHERN GAS COMPANY LIMITED

1. Mr. Shoaib Warsi2. Mr. Yusuf Jamil Ansari3. Mr. Muhammad Akhtar4. Mr. Rahat Kamal Siddiqui5. Mr. Abdul Malik6. Mr. Muhammad Amin Rajput7. Mr. Irfan Zafar8. Dr. Ejaz Ahmed9. Mr. Abdul Majid Malik10. Mr. Shakil Ahmed Bukhari11. Mr. Fayyaz Merchant12. Mr. Nasir Ahmed Shaikh13. Lt. Col.(R) Shoaib Ahmed14. Mr. Syed Shehryar Kazmi


15. Ms. Faiza Kapadia Raffay16. Mr. Muhammad Ziyad A. Syed17. Mr. Shahbaz Islam18. Mr. Shah Mujtaba Ahmed19. Mr. Madni Ahmed Ali Arfat20. Mr. Saeed Ahmed Larik21. Mr. Abdul Mannan22. Mr. Syed Arsalan Iqbal23. Sqn. Ldr. (R) Amir Mumtaz Khan24. Mr. Fasih Azhar25. Ms. Shaista Sajid Shaikh26. Mr. Asif Fateh Shaikh27. Mr. Muhammad Sohail Khan28. Mr. Kashif Qadeer29. Mr. Hyder Ali Talpur30. Dr. Munawar Hayat31. Mr. Syed Muhammad Saeed Rizvi32. Mr. Azam Akhtar33. Mr. Muhammad Ahmed Siddiqui34. Mr. Kamran Ahsan Nagi35. Mr. Syed Fasihuddin Fawad36. Mr. Abdul Waheed jumani37. Brig. (R) Mir Waqar Hussain38. Mr. Adnan Saghir Siddiqui39. Mr. S. Khalid Hassan40. Mr. Mansoor Ahmed41. Mr. Malik Usman Hasan42. Mr. Syed Tariq Munawwar43. Mr. Syed Abbas Raza44. Mr. Adil Shabbir Paracha45. Mr. Abdul Rasheed Khan

TOTAL PARCO PAKISTAN LIMITED

1. Mr. Marc Soissong 2. Mr. Abid Latif 3. Mr. Hassan Nasrullah 4. Mr. Asmat Ullah 5. Mr. Sohail Farookhi 6. Mr. Asif Iqbal7. Mr. Qasim Zaheer 8. Mr. Mudassir Javaid 9. Mr. Kamran Ilyas

UNITED ENERGY PAKISTAN LIMITED

1. Mr. Tariq Khamisani2. Mr. Abdul Haq Siddiqui3. Mr. Abdullah Anis4. Mr. Adeel A. Kazi5. Mr. Aejaz Akhtar Khan6. Mr. Aftab Ahmed Memon7. Mr. Ali Azfar Naqvi8. Mr. Syed Mohammad Raza9. Mr. Asrar Muhammad10. Capt. Amir Gul11. Dr. Amer Aziz Daudpota12. Mr. Hasan M. Kazilbash13. Ms. Imrana Khawja14. Mr. Imriaz Hussain Notkani15. Mr. Jawed Akhter Khan16. Mr. Shaz Munir Keeriyo17. Mr. M. Wasim Uddin18. Mr. Mausuf Ahmad19. Mr. Mirza Imran Baig20. Mr. Mohammad Abdul Qadir Ali21. Mr. Mohammad Sajjad Zahoor22. Mr. Moid Khaliq Malik23. Mr. Mozaffar Imam24. Mr. Muhammad Arif Hussain Malik25. Mr. Muhammad Zafar Iqbal26. Mr. Muhammad Zaheer Alam27. Mr. S.M. Mozzaffar Alam28. Mr. Saad Moin29. Mr. Saadia Ahsan30. Ms. Sabeen Jatoi31. Mr. Saddruddin H. Ali Jumani32. Mr. Safdar H. Nensey33. Mr. Saffad Akhtar Memon34. Mr. Salman Anwar35. Mr. Sarwar Maniar36. Mr. Shabbir Jan Muhammad37. Mr. Syed Junaid Ahmed38. Mr. Syed Manzoor Hussain39. Mr. Syed Suhail Yusuf40. Mr. Tauqeer Ehsan Rana41. Mr. Zahid Ali Shah42. Mr. Zia Hasan Siddiqui


Form of Proxy

I

of

being a member of Petroleum Institute of Pakistan, hereby appoint

Mr.

Note: Proxies in order to be effective must be received at the Company’s Registered Office not later than 1600 hours on December 16, 2014.

Signed this day of 2014.

Signature of Proxy Signature of Member

The Company Secretary Petroleum Institute of Pakistan 1st Floor, Federation HouseBlock V, Clifton,Karachi.

as my proxy to vote for me and on my behalf at 51st Annual General Meeting of the Institute to be held

on 18 December 2014 and any adjournment thereof

Auditor's Report ... 2013 - 2014

Documents

Transcript of Auditor's Report ... 2013 - 2014