(63 Total References)
AKD Capital - Governance
Mr. Aqeel Karim Dhedhi (Chairman)
Aqeel Karim Dhedhi is a highly regarded businessman with over thirty years of mainstream experience in stock-broking.
He spent 13 years managing his fatherâ€™s brokerage house.
Mr. Dhedhi brings enormous market talent, savvy, and insight of the capital markets in Pakistan.
Mr. Dhedhi is also a major force in Pakistanâ€™s real estate market with extensive interests in a variety of residential and commercial real estate projects all across the country.
Mr. Dhedhi is a well-known philanthropist and is active in a large number of social projects, including health services, women empowerment, community based assistance and leadership development of deserving younger generation.
AKD Capital - B.O.D
Mr. Aqeel Karim Dhedhi (Chairman)
This was stated by the AKD ...
This was stated by the AKD Group of Companies Chairman Aqeel Karim Dhedhi while talking to The Nation.
He observed that almost all economic indicators- like GDP, inflation, exchange rate stability, interest rate, fiscal deficit, revenues, imports & exports, remittances, foreign inflows, and reserves etc - shows a new positive beginning for the country's economy, showing that rupee present value against dollar is permanent.
Mr. Dhedhi said the confidence of the investors has been revived and it is bringing about a remarkable turn-around to the economy which may further strengthen value of local currency.
But any further decline in dollar against rupee will be disastrous for the exporters and government should also take care of the exporters in this regard, he warned.
Regarding growth in stock market, he
informed that the KSE index has risen from 19,916 to 27,309 index in May, 2013; showing an increase of almost 40 percent and its several stocks value may double in a couple of years.
In the same way budget deficit has decreased from 4% at Rs1,053 billion to 3 % at Rs1,015 billion during the first eight months of 2013-14, he
group chairman said that Pakistani Rupee has improved its value against dollar; pushing down dollar below Rs100 in the interbank and open market (kerb).
Foreign exchange reserves have improved to $9.52 billion in March 11, 2014.
"I am confident that Pakistan's economy is now on a sustainable high growth path.
remains committed to supporting government policies and assisting our clients to partake of the unfolding investment opportunities in a broad spectrum of economic sectors in the country." Aqeel Karim Dhedhi
said that incorporation of new companies has increased by 15 percent in the first eight months of 2013-14 as compared with same period last year.
said that government's policies have got international recognition.
The Overseas Investors Chamber of Commerce
and Industry which conducts regular surveys on business confidence has raised its index for Pakistan from -34 to +2.
In the same way, the Perception and Investment Survey 2013 (conducted during September-November 2013) and released by in January, 2014 foreign investors intend to inject around $3 billion investment in the Pakistani economy in the next five years due to the fact that foreign investors have done well in terms of their bottom lines.
Regarding CSR activities, he
said that AKD Group endeavors to contribute generously towards philanthropic activities, especially in the fields of modern education and health, and encourage all members of our business organizations to do likewise.
Uncategorized | New Pakistan
Aqeel Karim Dhedhi, Chairman of AKD Securities Ltd, speaks during an interview with Reuters at his office in Karachi January 31, 2013. REUTERS-Akhtar Soomro
The head of the stock exchange is a former broker and the two top members of the SECP are former employees of Aqeel Karim Dhedhi, founder of one of the country's biggest brokerage houses.
Nicknamed "Big Dhedhi" for his
ability to move markets, Aqeel Karim Dhedhi
heads one of Pakistan's largest domestic conglomerates, the AKD Group
strongly denied any wrongdoing and said he
gas stocks years before the announcement.
"There is nothing there.
The (SECP) report totally cleared us," said Dhedhi
, a burly man wearing a traditional long cotton shirt and baggy pants.
"I'm proud to say that in more than 40 years of operating, we've never paid a penny in fines."
often offers advice to government officials on financial policy.
business empire includes two equity funds that were among the best performing in Asia in 2012.
has really started listening to the market," Dhedhi
said, a suited executive acting as translator.
remains under investigation.
But even if regulators were to find him guilty of insider trading, past practice shows he
would likely get a slap on the wrist.
The SECP's fines are almost always a fraction above the amount of money made in the stock manipulation, and sometimes even less.
In December, a broker was fined half the amount he
made from trades that manipulated the share price of tobacco giant Philip Morris.
Like KSE Chairman Nadeem Naqvi, Haider is a former employee of Dhedhi's.
"I've had lots of other jobs than just working for Dhedhi
KSBL Board of Directors (BOD) | KSBL
Aqeel Karim Dhedhi
Mr. Aqeel Karim Dhedhi is the Chairman of the AKD Group; one of the largest business groups in Pakistan with diversified interests such as Stock Brokerage & Investment Banking; Asset Management; Oil & Gas Exploration; Private Equity & Venture Capital; Port Operations, Real Estate Development, etc.
The AKD Group
is one of the two business groups that have been awarded permission by the Securities and Exchange Commission of Pakistan
to establish Real Estate Management Trust
(REIT) in Pakistan.
Mr. Dhedhi is an active social worker and philanthropist who plays a dynamic role in the social betterment of the society by donating to educational ventures, healthcare projects and for the general uplift of the underprivileged.
philanthropic support includes providing financial aid to students aspiring for higher education in Pakistan and abroad and also to many disadvantaged families.
time to many not-for-profit institutions as Trustee and Member of Board of Directors like: The Shaukat Khanum Cancer Hospital; The Indus Hospital; World Memon Organization; the Resource Development Committee
of the Aga Khan University Hospital; etc.
Mr. Dhedhi was awarded the "Sitara-e-Esaar" by the President of Pakistan for his services during the devastating earthquake that hit the northern areas of Pakistan in October 2005.
He has also been awarded honorary PhD (Honoris Cause) degrees by Biztek Institute of Higher Education and the Indus Institute of Higher Education.