PIP Annual Report 2015

Contents

02

03

04

05

06

07

08

09

10

18

20

Notice of the Meeting

Company Information

Directors’ Attendance

Directors’ Report

Auditors’ Report 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

52nd Annual Report 201502

To – All members

Notice is hereby given that the 52nd Annual General Meeting of the Petroleum Institute of Pakistan will be held at the PSO Auditorium, Ground Floor, PSO House, Khayaban-e-Iqbal, Karachi on Thursday October 15, 2015 at 1600 hours to transact the following business:

1. To confirm the minutes of the Extra Ordinary General Meeting held on May 21, 2015.

2. To receive and adopt Report of Directors and Auditors together with audited financial statements of the Institute for the year ended June 30, 2015.

3. To appoint Auditors of the company and to fix their remuneration for the year 2015-16.

4. Special Business

“Resolved that the Industrial Collective Members shall pay an annual subscription of Rs. 800,000 (Rupees eight hundred thousand only) from the Financial Year 2015-16.”

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

By Order of the Board

S. Nazeer Iqbal Company Secretary

Karachi September 21, 2015

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 October 13, 2015.

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

03

Company InformationBoard of Directors

Sheikh Imranul Haque Chairman Mr. Tariq Khamisani Vice-Chairman Mr. M. Aslam Sanjrani Chief Executive Officer Dr. Asim Hussain Mr. Aftab HusainMr. Omar Yaqoob SheikhMr. S. Tariq Rizavi Mr. Hassan SobuctageenMr. Mobin SaulatMr. M. Adil Khattak Mr. Khalid Rahman Mr. Zahid Mir Mr. S. Wamiq Bokhari

Honorary Treasurer:

Mr. Amin Rajput

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



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Directors’ ReportThe Directors have pleasure in presenting the fifty second 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, 2015

Financial Result Rupees

The surplus for the year, after providing for all operational andadministrative expenses amounted to 35,552

LESS: Taxation

- Current tax - for the year 100,447 - Current tax - for prior years (283,800)- Deferred tax 10,304 (173,049)

Total Surplus for the year 208,601 ADD:Balance of surplus accountbrought forward from previous years 25,896,950

Surplus balance as at June 30, 2015 26,105,551

Auditors

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

On behalf of the Board

Sheikh Imran-ul-Haque Sheikh Imranul HaqueChairman


Auditors’ Report to the membersWe have audited the annexed balance sheet of Petroleum Institute of Pakistan (the Institute) as at June 30, 2015 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 Institute’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 account have been kept by the Institute 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 account and are further in accordance with accounting policies consistently applied;

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

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

(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 thereof 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 Institute’s affairs as at June 30, 2015 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).

Chartered AccountantsKarachiDate: September 14, 2015

Engagement Partner: Waqas A. Sheikh

Balance Sheet As at June 30, 2015

The annexed notes from 1 to 20 form an integral part of these financial statements.

M. Aslam SanjraniChief Executive Officer

Note

2015Rupees

2014Rupees

ASSETS

Non-Current AssetsProperty, plant and equipmentDeferred taxation

Current AssetsShort term investmentsSubscriptions receivable Advances, 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

3

4

5

6

7

8

577,781 -

577,781 24,859,764 1,491,945 2,524,638 3,941,397 2,234,892

35,052,636 35,630,417 25,896,950

208,601 26,105,551

2,156,052

7,368,814

-

35,630,417

1,112,725 10,304

1,123,029

23,302,676

762,000 2,463,817 2,490,786 3,472,771

32,492,050 33,615,079

25,832,352 64,598

25,896,950 1,544,697

6,173,432

-

33,615,079


Tariq KhamisaniDirector / Vice Chairman

Aftab HusainDirector


Income and Expenditure Account For The Year Ended June 30, 2015


Note

2015Rupees

2014Rupees

910

11

121314

3

15

17,769,945 2,053,232

72,110 90,000

136,376 30,000

20,151,663

1,078,448 8,952,974

238,000 - -

804,105 312,047

2,126,611 2,384,934

211,443 481,662 463,658 174,401 70,439

560,898

88,000 45,800

352,101 485,901 92,813 50,000

192,178 123,668 196,768

19,000,948 1,150,715

(1,086,117)

64,598

Income from - Subscriptions - Short term investments - Seminars and Executive Learning Centre (net) - Sale of Pakistan Energy Outlook (PEO) booklet - Savings bank account - Other income Less: Expenditure Subscriptions Salaries and allowances Publication of Petro-Newsletter - net Strategic workshop - net Pakistan Energy Outlook booklet expenditure 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 - Other assurance 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

17,751,945 1,886,928

- 40,600

309,527 150,000

20,139,000

1,028,374 11,745,271

1,000 11,507 30,573

611,355 471,676 676,237

2,701,889 190,446 406,223 420,156 80,112 75,161 534,944

100,000 52,500

220,000 372,500 132,405 57,000

372,925 100,444 83,250

20,103,448 35,552

173,049

208,601



Aftab HusainDirector

988,548 (1,065,355)

(76,807)

(416,618) (3,000,000) 3,000,000 1,800,000 1,383,382

1,306,575

2,166,196

3,472,771

Cash Flow Statement For The Year Ended June 30, 2015


Note 2015Rupees

2014Rupees

16

6

Cash flow from operating activities

Cash generated from operations Taxes paid Net cash utilised in operating activites

Cash flow from investing activities

Purchase of property, plant and equipmentInvestments made during the yearInvestments encashed during the yearDividend income received on investments Net cash generated from investing activities

Net (decrease) / increase in cash and cash equivalents

Cash and cash equivalents at beginning of the year

Cash and cash equivalents at end of the year

(300,461) (1,267,258) (1,567,719)

- (989,518)

- 1,319,358

329,840

(1,237,879)

3,472,771

2,234,892





Notes To The Financial Statements For The Year Ended June 30, 2015

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 Institute has been granted license under section 42 of the Companies Ordinance, 1984 as a not-for-profit company. 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 years 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 measurement of

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

2.1.2 These financial statements have been prepared in accordance with the approved accounting standards, as applicable in Pakistan. Approved accounting standards comprise of Accounting and Financial Reporting Standard for Medium – Sized Entities (MSEs) issued by the Institute of Chartered Accountants of Pakistan and provisions of and directives issued under the Companies Ordinance, 1984 (the Ordinance). In case requirements differ, the provisions or directives of the Ordinance shall prevail.

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.

Gain or loss on disposal or retirement of an asset represented by difference between the sale proceeds and the carrying amount of the asset is recognised 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 recognised 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 amortised cost, less provision for

impairment, using the effective interest rate method. Amortised cost is calculated by taking into account any discount or premium on acquisition. Any gain or loss is recognised in income when the investment is derecognised 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. Investments are 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 loss 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 amortised 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 recognised for all taxable temporary differences and deferred tax assets are recognised 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 utilised.

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 realised 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 amortised cost using the effective interest rate method.

2.9 Provisions

Provisions are recognised 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 recognised 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 recognised in income and expenditure account.

2.11 Offsetting of financial assets and liabilities

A financial asset and a financial liability are off-set and the net amount is reported in the balance sheet if the Institute has a legally enforceable right to set-off the recognised 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 recognised when due; - Dividend on Mutual Fund Securities is recognised when the Institute’s right to receive the income is established; and - Profit on savings bank account is recognised on accrual basis.

3. PROPERTY, PLANT AND EQUIPMENT

Furniture,fixtures andequipment

LibraryBook

Computersand ancillaryequipment

MotorVehicles

Total

————————————–(Rupees)—————————————-At July 1, 2013

CostAccumulated depreciationNet book value

Year ended June 30, 2014

Opening net book value Additions Depreciation charge Closing net book value

At July 1, 2014

CostAccumulated depreciationNet book value

Year ended June 30, 2015

Opening net book value Depreciation charge Closing net book value

At June 30, 2015

Cost Accumulated depreciationNet book value

Annual rate of depreciation

704,619 (585,602) 119,017

119,017 132,708 (64,180)

187,545

837,327 (649,782) 187,545

187,545 (63,960)

123,585

837,327 (713,742) 123,585

20

17,715 (17,715)

-

- - - -

17,715 (17,715)

-

- - -

17,715 (17,715)

-

-

1,110,652

(856,005) 254,647

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

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

359,498

359,498 (153,325) 206,173

1,394,562(1,188,389)

206,173

33.33

1,588,295

(704,954) 883,341

883,341

- (317,659) 565,682

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

565,682

565,682

(317,659) 248,023

1,588,295 (1,340,272)

248,023

20

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

1,112,725 (534,944) 577,781

3,837,899 (3,260,118)

577,781

%

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

5.1 Represents receivable from Industrial Collective Members (ICMs) in respect of following special contributions:

2015Rupees

2014Rupees

4. SHORT TERM INVESTMENTS - Fair value through profit or loss Mutual Fund Securities (note 4.1)

2015Rupees

2014Rupees

5. ADVANCES, DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES - Considered good

Security deposit Prepayments Receivable from employees Receivable from the Chief Executive Accrued profit on savings bank account Advance to vender against PEO booklet updation Other receivables (note 5.1)

75,000 555,258

- -

4,380 340,000

1,550,000 2,524,638

75,000 1,072,825

54,648 30,711 30,633

- 1,200,000 2,463,817

2015Rupees

2014Rupees

PEO Advertisement income receivable Contribution receivable from ICMs for 21st World Petroleum Conference Stall

1,350,000

200,000 1,550,000

-

1,200,000 1,200,000

24,859,764

23,302,676


2015Rupees

2014Rupees

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

7. STAFF RETIREMENT GRATUITY Balance at beginning of the year Add: Charge for the year - net Balance at end of the year 8. TRADE AND OTHER PAYABLES Advances against subscriptions Accrued liabilities Advance received from ICMs against advertisements in PEO booklet Unearned advertisement income in respect of PEO booklet Other payables

9. INCOME FROM SUBSCRIPTIONS Industrial collective members Individual members 10. INCOME FROM SHORT TERM INVESTMENTS

Gain on disposal of investments - Mutual Fund units Dividend income on Mutual Fund units Unrealized gain on remeasurement of investments at fair value

36

375,431 1,859,425 2,234,856 2,234,892

1,544,697

611,355 2,156,052

3,944,000 1,050,946

495,000 1,350,000

528,868 7,368,814

16,200,000 1,551,945

17,751,945

- 1,319,358

567,570 1,886,928

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

16,200,000 1,569,945

17,769,945

1,800,000 -

253,232 2,053,232


2014Rupees11. OTHER INCOME

Old liabilities written back Others

12. SALARIES AND ALLOWANCES

Salaries and allowances include an aggregate amount of Rs. 4,350,000 (2014: Rs. 3,451,816) for remuneration to the Chief Executive of the Institute.

13. PUBLICATION OF PETRO-NEWSLETTER Income from advertisements in Petro-Newsletter Less: Expenses incurred on Petro-Newsletter

14. STRATEGIC WORKSHOP Income from Strategic workshop Less: Expenses incurred on Strategic workshop

15. TAXATION

Current tax - for the year - for prior years Deferred tax

150,000 -

150,000

- 30,000 30,000

2015Rupees

2014Rupees

215,000 216,000

1,000

- 238,000 238,000

240,000 251,507 11,507

- - -

100,447 (283,800)

10,304 (173,049)

79,216 930,525

76,376 1,086,117

2015Rupees





2015Rupees

2014Rupees

35,552

611,355 534,944 57,000

(1,886,928) 347,616

(300,461)

(786,945) (60,821)

1,195,382 347,616

2 4 6

17. TRANSACTIONS WITH RELATED PARTIES

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

18. NUMBER OF EMPLOYEES Number of employees as at June 30 - Permanent - Contractual

19. CORRESPONDING FIGURES Corresponding figures have been rearranged and reclassified, wherever necessary, for the purpose of comparison, the effects of which are not material.

20. DATE OF AUTHORISATION These financial statements were approved and authorised for issue on September 07, 2015 by the Board of Directors of the Institute.

16. CASH (UTILISED IN) GENERATED FROM OPERATIONS Surplus before taxation Adjustment for non cash charges and other items: - Provision for staff retirement gratuity - Depreciation - Receivables written-off - Income from investments Working capital changes - note 16.1 16.1 Working capital changes (Increase) / Decrease in current assets: Subscriptions receivable Advances, deposits, prepayments and other receivables Increase in current liabilities: Trade and other payables

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

2 6 8

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 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 5 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 6 Fauji Oil Terminal and Distribution Co. Limited PQA, Port Bin Qasim Karachi Tel : (021) 34720003-5 Fax : (021) 34720010 7 Government Holdings (Pvt) Ltd H. No. 17, Street No. 89 G-6/3 Islamabad Tel : (051) 9211236-7, 9211239-40 Fax: (051) 9213972, 9211249

8 Inter State Gas Systems (Pvt) Limited 517, Main Margalla Road, F-10/2 Islamabad Tel : (051) 926 7672-74 Fax : (051) 926 7671 9 Khyber Pakhtunkhwa Oil & Gas Co. Limited H # 492, Street 13, Sector E-4, Hayatabad Peshawar Tel : (091) 5615142, 5615144-45 Fax: (091) 5615149 10 Mari Petroleum Company Limited 21, Mauve Area, 3rd Road, G-10/4 Islamabad UAN : (051) 111-410-410 Fax : (051) 229 7686 11 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 12 National Refinery Ltd 7-B, Korangi Industrial Area Karachi Tel : (021) 35064977-79 Fax: (021) 35054663

13 Oil & Gas Development Co. Ltd OGDC House Plot No. 3, Jinnah Avenue, Blue Area Islamabad Tel : (051) 920 9811-18 Fax : (051) 920 9764

14 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

Industrial Collective Members – 2015-2016


15 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 16 Pak-Arab Refinery Ltd Corporate Headquarters Korangi Creek Road, Korangi Karachi. Tel : (021) 3509 0100-125 Fax : (021) 3509 0929 17 Parco Pearl Gas (Private) Limited House No. 52, Margalla Road Sector F-8/2 Islamabad UAN : 111 798 798 Fax : (051) 2852712-3 18 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 19 Pakistan Refinery Ltd Korangi Creek Road, Korangi Karachi Tel : (021) 3509 1771-79 Fax : (021) 3506 0145 20 Pakistan State Oil Co. Ltd PSO House Khayaban-e-Iqbal, Clifton Karachi Tel : (021) 9920 3866-95 Fax : (021) 9920 3835

21 Shell Pakistan Ltd Shell House 6 Ch. Khaliquzzaman Road Karachi. UAN : 111-888-222 Tel : (021) 3568 9525 Fax : (021) 3568 2169

22 Sui Northern Gas Pipelines Ltd Gas House 21, Kashmir Road Lahore. Tel : (042) 99082000, 99082006 Fax : (042) 9920 1302 23 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 24 Sui Southern Gas Co. Ltd St. 4/B, Block 14, Gulshan-e-Iqbal Sir Shah Suleman Road Karachi Tel : (021) 99021000 Fax : (021) 99021550

25 TOTAL PARCO PAKISTAN LTD 11/1, Block - B, Model Town Lahore Tel : 111-709-709 Fax : (042) 587 3337 26 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 Suttar2. Mr. Nadeem A. Qureshi3. Ms. Gulzar Khoja4. Mr. Kamran Anwar5. Ms. Clarita I. Ahmed6. Mr. Ajmal Ilyas Nagaria7. Mr. Zeeshan Adeel8. Mr. Usman Arif Khan9. Mr. Shakil Ahmed10. Mr. Adnan H. Siddiqui11. Mr. Saif Ahmed12. Mr. Muhammad Hanif13. Mr. Muhammad Asif Ansari14. Mr. Imran Waseem15. Mr. Muhammad Yawar16. Mr. Munawar M. Shah ATTOCK REFINERY LIMITED

1. Mr. Adil Khattak2. Mr. Mansoor Shafique3. Mr. Ejaz Hussain Randhawa4. Mr. Malik Masood Sadiq5. Mr. Syed Asad Abbas6. Mr. Khurram Jalil7. Mr. Asif Saeed8. Mr. Salman Tariq9. Mr. Munir Azam Temuri10. Mr. Nayyer Ahmed11. Mr. Muhammad Irshad Ramay12. Mr. Khalid Mahmood13. Mr. Arshad Hayee Khan14. Mr. Mohammad Aliemuddin15. Mr. Raja Nadeem Khalid16. Mr. Sardar Lal Khan17. Mr. Muhammad Habib Anwar18. Mr. Muhammad Zia Ul Haq Mirza19. Mr. Saeed Uddin Ahmed Faruqi20. Mr. Anwer Saeed21. Mr. Usman Ali Khan22. Mr. Sohail Gulzar23. Mr. Muhammad Tahir Hussain24. Mr. Usman Ishaq Raja25. Mr. Muhammad Anwar

26. Mr. Saifur Rehman Mirza27. Mr. Zulfiqar Ali Khurram28. Mr. Arshad Nazir29. Mr. Naveed Ahmad30. Mr. Iftikhar Yousaf31. Mr. Nasir Memon32. Mr. Salman Ahmad Sheikh33. Mr. Kamaluddin34. Mr. Ayaz Khan35. Mr. Khurram Waheed36. Mr. Anjum Naveed37. Mr. Saqib Rauf38. Mr. Asif Munir Khan39. Mr. Jahanzeb Abbas40. Mr. Hassan Ahmed

BHP PETROLEUM (PAKISTAN) PTY LIMITED

1. Mr. Syed Mehdi Sibtain2. Mr. Akbar Ali Khan3. Mr. Asghar Hayat Khan4. Mr. Farid Intisar 5. Mr. Atif Janjua6. Mr. Adnan Javed7. Mr. Haroon Saeed8. Ms. Humera Malik9. Mr. Naveed Alam10. Mr. Waseem Siddiqui11. Mr. Abdul Haq

ENGRO VOPAK TERMINAL LIMITED

1. Syed Mohammad Ali

ENI PAKISTAN LIMITED

1. Mr. Giorgio Guidi2. Mr. Shaukat Channah3. Mr. Massimo Nobile4. Mr. Ivan Codognotto5. Mr. Farooq Rafi6. Mr. Brancato Calogero7. Mr. Nasir Ahmed8. Mr. Gianni Delle Foglie9. Mr. Vincenzo Mittiga10. Mr. Irfan Zulfiquar

Individual Members – 2015 - 2016


11. Mr. Alberto Marcato12. Mr. Amjad Wahab13. Mr. Armando Gorlani14. Mr. Kamran Ajmal Mian15. Mr. Gavin Dlima

FAUJI OIL TERMINAL & DISTRIBUTION CO. LTD

1. Lt. Gen. Khalid Nawaz Khan, HI(M) (Retd)2. Mr. Qaiser Javed3. Dr. Nadeem Inayat4. Maj. Gen. Nasir Mahmood, HI(M) (Retd)5. Mr. Masood Karim Shaikh6. Mr. Hassan Sobuctageen7. Col. Muhammad Akmal Moughal (Retd)8. Mr. Umair Ahmed Sheikh

GOVERNMENT HOLDINGS (PRIVATE) LIMITED

1. Mr. Shahid Islam 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. Ejaz ul Haq 3. Mr. Farooq Qamar

KHYBER PAKHTUNKHWA OIL & GAS CO. LIMITED

1. Mr. Mohammad Raziuddin 2. Mr. Muhammad Amjad3. Mr. Major M. Aslam (Retd)4. Mr. Amjad Ali5. Mr. Nasir Riaz6. Mr. Shahan Bacha7. Mr. Shahryar Khan8. Mr. Naeem Ullah9. Mr. Muhammad Iqbal10. Ms. Aiman Gulfam11. Mr. Kashif Ishaq12. Mr. Muhammad Yaseen13. Mr. Salim Shah14. Mr. Imad Khan15. Mr. Suleman Khan16. Mr. Hasnain Kishwar

17. Mr. Ahmed Ali Khan18. Mr. Tanveer Ali19. Mr. Irfan20. Mr. M. Waqar Azeem21. Mr. Tahir Rahim22. Mr. Mujeeb ur Rehman23. Mr. Faisal Zaman24. Mr. Muzahir Ali25. Mr. Abdullah26. Mr. M. Ayaz27. Mr. Farooq Ahmed28. Mr. Ibne Amin29. Mr. Haris Zaman

MARI PETROLEUM COMPANY LIMITED

1. Lt. Gen. Nadeem Ahmed, HI (M) SE, T Bt (Retd) 2. Mr. Assad Rabbani3. Mr. Muhammad Asif4. Mr. Tufail Ahmad Khoso5. Mr. Javed Iqbal Jadoon6. Dr. Suhail Qadeer 7. Mr. Asif Ali Rangoonwala8. 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. Ákos Grosz 2. Mr. Majdi Ahmad3. Mr. Ali Murtaza Abbas4. Mr. Afzaal Akhtar5. Mr. Ahmad Nawaz6. Mr. Andras Rudner7. Mr. Istvan Pardi/Salman Almalouhi8. Mr. Jawad Ahmed9. Mr. Khalid Iqbal10. Mr. Mohammad Azeem 11. Mr. Ahmed Rauf12. Mr. Zubair Chughtai13. Mr. Muhammad Zaheer Alam 14. Ms. Fauzia Ahmad 15. Mr. Abid Hussain 16. Mr. Syed Qamar Ali Shah


23

49 Syed Javed Zahoor50 Syed Ghazanfar Iqbal51 Mr. Saiyed Mohammed Ghufran Haider

PAKISTAN REFINERY LIMITED

1. Mr. Aftab Husain2. Mr. M. Naman Shah3. Mr. Muhammad Azhar4. Mr. Mohammad Khalid5. Mr. Muhammad Ali Mirza6. Mr. Asad Hasan7. Mr. Shehrzad Aminullah8. Mr. Imran Ahmad Mirza9. Mr. Najam Mahmud10. Mr. Shakeel Akber Rizvi11. Mr. Abdul Majid12. Mr. Akbar Musharraf13. Mr. M. Anees Akhtar14. Mr. Fawad Hussain15. Mr. M. Farhan Hassan16. Mr. Sami-ur-Rehman17. Mr. Mustafa Ali Khan18. Mr. Kamran Jaweed19. Mr. Muhammad Noman20. Mr. Amer Hussain21. Mr. M. Hafeez khan22. Mr. Nadeem Akhter23. Mr. Junaid Muhammad Khan24. Mr. Omar Siddiqui25. Mr. Abid Abbas Safdar 26. Mr. Munir Ahmad27. Mr. Akhtar Hussain Khatri28. Mr. Muhammad Naeem Bhatti29. Mr. Farhan Khan30. Mr. Irfan Ahmed Siddiqui31. Mr. Raheel Ahmad Hanfi32. Mr. Muhammad Asim Hayat33. Mr. Salman Saleem34. Mr. Sameer Ahmed Khan35. Mr. Muhammad Asad Malik36. Mr. Murtaza Ilyas 37. Mr. Zeeshan Mirza 38. Mr. Hasan Abubakar 39. Mr. Asim Siddique 40. Mr. Umair Shahid 41. Maj. (R) Shah M. Usman Farooq Abbasi42. Mr. Naveed Kamran 43. Mr. Syed Faisal Aziz 44. Mr. Tariq Masood

45. Ms. Sandhya Tara 46. Mr. Muhammad Nouman Khan 47. Mr. Junaid Asharf 48. Mr. Ghufran Ahmed 49. Ms. Rida Ahmed

PAKISTAN STATE OIL CO. LIMITED

1 Sheikh Imranul Haque2 Mr. Naved Alam Zuberi3 Mr. Babar Hamid Chaudhary4 S. Tariq Hassan Razvi5 Mr. Aziz Hemani6 Mr. Mir Shahzad A. K. Talpur7 Mr. Amjad Mehmood Khan8 Mr. Hammad Zafar9 Mr. Raja Imranullah Khan10 S Khawar Abbas Jillani11 Dr. Altaf Hussain Soomro12 Mr. Arif Nasib13 Mr. Shamail Sharaf Shah14 Syed Moinuddin Balkhi15 Mr. Khalid Mahmood16 Mr. Hasan Ali Hamdani17 Brigadier (R ) Zulfiqar Ali Gorsi18 Mr. Rustom H. Mavalvala19 Mr. Naimatullah Behan20 Mr. M. Iftikhar Ahmed21 Ms. Sumera Manzar22 Mr. Asad Raza Faiz23 Syed Nasik Ijaz24 Mr. Akhtar Zamir25 Mr. Muhammad Asif Khan26 Ms. Ayesha Afzal27 Ms. Mariam Shah28 Sheikh Muhammad Minhas29 Ms. Shaista Sumar30 Mr. M. Zeeshan Hayder31 Mr. Ch. Naseer Ahmad32 Mr. Anis ul Rehman33 Mr. Tariq Hussain34 Mr. Naseem Aftab35 Mr. Atif Hasan Siddiqui36 Mr. Kashif Siddiqui37 Syed Nehal Askari38 Mr. Amin Qayyum39 Mr. Haroon Ahmed40 Mr. Zia Mohiuddin41 Mr. M. Azam Farooqui42 Mr. Khawaja Amer Hameed


43 Mr. Adeel Athar44 Mr. Munawar A Minhas45 Mr. M. Tariq Ghafoor46 Mr. Ghulam M Shaikh47 Mr. Munir A. Makhdoom48 Mr. Amir Iqbal Khan49 Mr. M. Iftikhar Ahmed50 Mr. M. Nasir Khan

SHELL PAKISTAN LIMITED

1. Mr. Omar Y. Sheikh 2. Mr. Faisal Waheed 3. Mr. Haroon Rashid 4. Mr. Iftikhar Din 5. Mr. Tariq Saeed 6. Mr. Mazhar U. Deen 7. Mr. Zubair Shaikh 8. Mr. Tauseef ul Islam 9. Mr. Yasser Effendi 10. Mr. Taha Magrabi 11. Mr. Hisham Khan12. Mr. Umer Asif 13. Ms. Afshan Pasha 14. Mr. Asif Iqbal15. Mr. Masroor Khan16. Mr. Ali Sheikh17. Mr. Junaid Khan18. Ms. Madiha Khalid19. Mr. Mohsin Sukkurwala20. Mr . Asif Iqbal Ansari21. Ms. Maria Rehan22. Ms. Afshan Khan23. Mr. Babar Jamal24. Ms. Mehnaz Mohajir25. Mr. Ghulam Raza Hemani26. Mr. Syed Haris27. Mr. Mian Usman28. Mr. Zain Agha29. Mr. Yasir Ali30. Mr. Habib Haider31. Mr. Zeeshan Anwar32. Ms. Nadia Hussain33. Mr. Faisal Aleem34. Mr. Muhammad Ali Sheikh35. Ms. Natasha Qamar36. Mr. Mansoor Murad37. Ms. Seemi Saad38. Mr. Abid Saeed Ibrahim39. Mrs. Lalarukh Hussain Sheikh

SUI NORTHERN GAS PIPELINES LIMITED 1. Ms. Uzma Adil2. Mr. Amjad Latif3. Mr. Ali Hussain Qureshi4. Mr. S. Zahid Hussain5. Mr. M. Liaquat Raza6. Mr. Sohail M. Gulzar7. Mr. M. Aslam8. Mr. Abdul Aziz9. Mr. Sibghatullah10. Mr. Asif Akbar Khan11. Mr. M. Khalid Aftab12. Mr. Mehmood Zia Ahmad13. Mr. Mir Muhammad Ali Tipu14. Mr. Abdul Ahad Shaikh15. Mr. Ejaz Ahmad Chaudhary16. Mr. Kashif Siddiqui17. Mr. M. Iftikhar18. Mr. M. Hanif19. Mr. M. Naseer Feroz20. Mr. Moeen Ahmed21. Mr. M. Akram Arain22. Mr. Farrukh Majeed Bala23. Mr. M. Ashraf Nadeem24. Mr. Shaheryar Qazi25. Mr. Imran yousaf Khan26. Mr. Amjad Mumtaz27. Mr. S. M. Tariq Iqbal28. Mr. Shahzad Iqbal Laun29. Mr. M. Zahoor30. Mr. M. Tayyab Faisal31. Mr. Saqib Arab32. Mr. Ejaz ur Rehman 33. Mr. Imran Ahmad Khan 34. Mr. Javed Iqbal Khan 35. Mr. Qaiser Masood 36. Mr. Ali Ahmed 37. Mr. Shahadat Ali38. Mr. Muhammad Arshad39. Mr. M. Ikram40. Mr. Navied Ashraf41. Mr. Ashraf Mahmood42. Mr. Mir Bahadur Khan43. Mr. Ikramullah Khan44. Mr. Waqar Ashraf45. Mr. Irfan Baig46. Mr. Shahzad Nazir Quraishi47. Mr. M. Ijaz Ahmed


30 52nd Annual Report 201528

1- Mr. M. R. Monem 53/1, 26th Street , Phase V, Extn. Defence Housing Authority Karachi.

2- Mr. Mohammad Kalim 115-C, Clifton, Block – 5 Shahrah-e-Iran Karachi

3- Prof. Dr. Allah Dino Memon B-37, Phase – 1, Qasimabad Hyderabad

4- Mr. S.M.G. Jeelani Quadri 90-A, 43rd Street F-10/4 Islamabad

5- Mr. S. Nurul Hussain 6/A, North Central Avenue Phase I, Defence Housing Authority Karachi

6- Mr. Maqbool H. H. Rahimtoola “KULIB” 59/B, K.D.A. Scheme No. 1 Habib Ibrahim Rahimtoola Road Karsaz Karachi 7- Mr. Khalid Zaki 7-1, Khayaban-e-Hafiz, Phase V Defence Housing Authority Karachi

8- Mr. M. Hidayatallah Khan Khaishgi 92/II, Khayaban-e-Bahria, Phase V Defence Housing Authority Karachi

9- Mr. Masrur Ahmad 19/2, Khayban-e-Shamsheer Phase V (18th Street) Defence Housing Authority Karachi

10- Mr. Aitzaz Shahbaz # 86, Street 15, Phase VI Off Khayaban-e-Seher Defence Housing Authority Karachi

11- Mr. M. Amin Qasim 3 Husaini C.H. Society Block 7 & 8 Karachi

12- Mr. Hasan M. Kureishy 2/208, PECHS, Block 2 Karachi

13- Mr. Nawab Husain 80/II, 8th Street Phase VI Off Khayaban-e-Badar Defence Housing Authority Karachi

14- Mr. Wasimuddin Ahmad Zuberi IPR TransOil Corporation 52 East Jinnah Avenue, Blue Area Islamabad

15- Mr. Masood A. Bhatty 71/II, Street No. 22 Off : Khayaban-e-Badar Defence Housing Authority Phase VI Karachi.

16- Mr. Zafar Iqbal 54, Khayaban-e-Ghazi, Phase V Defence Housing Authority Karachi

17- Mr. Ather Iqbal 54, Khayaban-e-Ghazi, Phase V Defence Housing Authority Karachi

18- Mrs. Viqar-un-Nisa Quadri 90-A, 43rd Street F-10/4 Islamabad

19- Mr. Muhammad Naeem H.49, St. 16, Phase V Off Khayaban-e-Mujahid Defence Housing Authority Karachi

20- Mr. M. Abdullah Farooqui 36/1, N Street, Phase IV Defence Housing Authority Karachi

Individual Members – 2015 - 2016

21- Mr. H. Masood Sohail 52/II, 16th Street, Phase V Off: Khayaban-e-Badban Defence Housing Authority Karachi

22- Mr. Zakir Jaffar House No. 22-D, Street No. 22 F-6/2 Islamabad

23- Mr. Atif Junaid Kareem House 244, Street 17 F-10/2 Islamabad

24- Mr. M. Kaleemullah Khan House No. 43 / 2 / E - (B) Block- 6, PECHS Karachi 25- Mr. Abbas Bilgrami 99, Khayaban-e-Hilal Phase Vi, Defence Housing Authority Karachi

26- Mr. Hasnain S. Mahomed 111/1, Khayaban-e-Badban D.H.A. Phase V Karachi

27- Dr. Abid Murtaza Khan # G-18, Street 27. Model Colony Karachi

28- Mr. Ghazanfar Jawaid House # 21, Maqboolabad Co-operative Housing Society Karachi.

29- Mr. Javed Akbar 75/1/1, Street 15 Khayaban-e-Sehar, Phase – 6, Defence Housing Authority Karachi

30- Mr. Saleemuddin Ahmed 58/3, Khayaban-e-Janbaz D.H.A. Phase V Karachi

31- Mr. S. Pervez Yusoof House # 34-B, Street # 38 OFF Khayaban-e-Mohafiz DHA, Phase VI Karachi

32- Mr. Farooq Rahmatullah 7 Khayaban-e-Shamsheer DHA Phase V Karachi

33- Mr. Mazhar Farooq House # 294, Street # 14 F-10/2 Islamabad

34- Mr. Munawar B. Ahmad 164-U, Street # 4 DHA, Phase – II Lahore

35- Sheikh Imranul Haque 80/1, 12th Street, Phase VI Off Khayaban-e-Badar Karachi

36- Mr. Owais Irshad Mir B-244, Block 14, Gulistan-e-Jauhar Karachi

37- Mr. Tanveer Masrur Makhdumi 12 B, 6 Central Lane, Phase II Defence Housing Authority Karachi

38- Dr. M. Ilyas Fazil House No. 4, Street No. 10 Fazaia Housing Scheme Rawalpindi

39- Ms. Talat Jabeen Bunglow # 67/1/II, 30th Street Phase VI, DHA Khayaban-e-Badar Karachi

40- Mr. Belal Jabbar 163 – GG Block, DHA Lahore

41- Mr. Mujtaba Hameed 57, Sarwar Colony Sarwar Road, Cantt Lahore

42- Sheikh Nadeem Shahryar 21-N, Model Town Extension Lahore 43- Mr. Sajid Pervaiz 24, Creek Lane – 1, Phase 1 D.H.A. Karachi

44- Col. (R) Sajjad Ahmed Rana Askari Bank Ltd. 10-E/11, Main Gulberg III Lahore


32 52nd Annual Report 201530

45- Mr. Ejaz Alam 91/1, Khayaban-e-Amir Khusro Phase – VI, DHA Karachi

46- Mr. S. Munsif Raza 63/111 16 Street Khayaban-e-Back Phase-VI, DHA Karachi

47- Mr. Omar Hamid Sohail 52/2, 16th Street Off. Khayaban-e-Badban, DHA, Phase 5 Karachi

48- Mr. Ejaz Ahmed Suddle 107G, Street # 6, Phase V, DHA Lahore

49- Mr. Affan Rasheed Siddiqui 7, Moinabad, Near Al Falah Masjid RACHS, Malir Halt Karachi

50- Mr. M. Alim ur Rahman B-193, Block 5, Gulshan-e-Iqbal Karachi

51- Mr. Shahid Ahmad House 222, Street 18, F-10/2 Islamabad

52- Mr. Humayun Qureshi 43-A, Mohammad Ali Society Karachi

53- Mian Ahsan Majeed Oilco House 32K / A-II, Gulberg – II Lahore

54- Mr. Rizwan H. Qidwai 75, Defence Officers Housing Scheme – 2 Malir Cantt. Karachi

55- Mr. Muhammad Yousuf E-30, Gulistan-e-Zafar S.M.C.H.S, Block – B Karachi 56- Mr. Ijaz Ali Khan H # 57-B, Street 29 Ph. 1, DHA Lahore

57- Mr. Mumtaz Hasan Khan 1/11, A Street, Phase V Off Khayaban-e-Shaheen, DHA Karachi

58- Mr. Aftab Ahmed Zahid R-5/2, Khayaban-e-Saadi Phase – VII, DHA Karachi

59- Mr. Zia Khaleeli Omega Private Limited 68-B, Sindhi Muslim Housing Society Karachi

60- Mr. Steve Brann BO Box 506514 Dubai UAE

61- Mr. Asghar Ali Syed House No. B-102, Block – 14 Gulistan-e-Jauhar Karachi

62- Mr. Saleem Piracha 87/II, 29th Street, off Khayaban-e-Seher Phase – 6, D.H.A. Karachi

63- Dr. Asim Hussain F-120, Block F North Nazimabad Karachi

64- Mr. Zahid Aziz J-213, (Phase 1) DHA Lahore

65- Mr. Asim Murtaza Khan 208-F/II, PECHS, Block – 2 Karachi

66- Mr. Shuja uddin Ahmed 289/II, 20th Street, Phase VIII Off: khayaban-e-Faisal, DHA Karachi

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 13 October 2015.

Signed this day of 2015.

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 52nd Annual General Meeting of the Institute to be held

on 15 Octobar 2015 and at any adjournment thereof

PIP Annual Report 2015

Documents

Transcript of PIP Annual Report 2015