Info:
PAΪR Investment Company Limited (PICL) is a Joint Venture Investment Company which has been formed as a result of an agreement between the Governments of Pakistan and Iran. PICL came into existence in 2007 as a company operating in Pakistan and registered under the Companies Ordinance, 1984. It is classified as a “Development Finance Institution” (DFI) under the regulatory control of the State Bank of Pakistan;
Shareholders of Pair Investment are:
1. Government of Pakistan through the Ministry of Finance – 50%
2. Government of Iran through Iran Foreign Investments Company – 50%
Iran Foreign Investment Company (IFIC) owns 50% of Pair Investment Company;
Iran Foreign Investment Company is used by the mullahs to invest money around the world and is investment arm of the “Oil stabilization Fund”. The U.S. Department of the Treasury identified Iran Foreign Investment Company (IFIC) to be owned or controlled by the Government of Iran. By identifying these entities – including banks, investment companies and technology firms – U.S. persons and others are better able to identify Iranian Government entities and protect themselves against the risks posed by such entities. IFIC is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 11/05/2018;
Industry:
Investment Sector
Also Known As:
Pair Investment Company
Pair Investment Co. Ltd.
Pari Investment Company Limited
PICL
Country:
Pakistan
Address:
2nd Floor, Islamic Chamber of Commerce Building ST-2/A, Block – 9, Clifton Karachi – 75600 Pakistan
Phone:
+92 21 3582-9621
Website:
www.pairinvestment.com
E-mail:
info@pairinvestment.com
Person of interests:
Mr. Arif Ahmed Khan – Chairman
Mr. Hamid Eftekhari Kondelaji – Managing Director/CEO
Mr. Hemmat Jafari – Director Iran
Mr. Gholamreza Khalil Arjmandi – Director Iran
Mr. Aamer Mahmood Hussain – Director Pakistan
Mr. Zahoor Ahmed – Director Pakistan
Reason for the color:
» IFIC owns 50% of Pair Investment Company;