audited accounts for the year ended 30th june, 2015 · 30th annual report for the term 2014-2015...

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30TH ANNUAL REPORT FOR THE TERM 2014-2015

&

AUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE, 2015

Memon Professional Forum, Exclusive Trade Centre, Plot No. 26-C, 4th Floor, Rahat

Commercial Lane 3, Defence Housing Authority, Phase VI, Karachi.

Ph. No. 021-35846450, Email: [email protected] Website: www.mpf.com.pk

Facebook: www.facebook.com/memonprofessionalforum

mailto:[email protected]

http://www.facebook.com/memonprofessionalforum

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Annual Report for the year 2014-2015

Contents

S. No. Description Page No: 1 Managing Committee for the Term

2014-15 Page No. 3

2 Formation of Sub Committees Page No. 4 3 List of Past Presidents and Honorary

Secretaries General Page No. 7

4 Strategic Advisory Board of MPF Page No. 9 5 Members of 1st Coordination

Committee of MPF Page No. 10

6 From the Desk of the President Page No. 11 7 From the Desk of Honorary

Secretary General Page No. 15

8 Performance Report for the year 2014 – 2015

Page No. 16

9 Events held during 2014-2015 Page No. 19 10 Reports on Events/Programs held Page No. 20 11 Reports on Projects Page No. 34 12 New Members Inducted during the

Term 2014-2015 Page No. 35

13 Notice of 31st AGM Meeting Page No. 38 14 Minutes of 30th AGM Meeting Page No. 39 15 Attendance Record of MC Members Page No. 43 16 Audited Accounts for the year

ended 30th June, 2015 Page No. 45

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Managing Committee for the Term 2014-2015

Office Bearers:

1. Mr. Abdul Aziz Tayabani President 2. Mr. Abdul Hameed Kath Senior Vice President 3. Mr. M. Rizwan Usman Vice President 4. Mr. Khalid Latif Honorary Secretary General 5. Mr. Mustafa Hanif Balagamwala Joint Secretary 6. Mr. Abdul Basit Kothari Treasurer

Members of Managing Committee:

1. Dr. Abdul Rasheed E. Vayani

2. Mr. Aftab Qutubuddin Munshi

3. Mr. Altaf Lateef

4. Mr. Danish Arif Patel

5. Ms. Gul-e-Sharmeen Majeed Marfani

6. Mr. Gulzar Ahmed Memon

7. Ms. Hena Sadiq

8. Mr. Mahmood Parekh

9. Mr. Muhammad Shafi Zakaria

10. Mr. Muhammad Shoaib Ibrahim

11. Mr. Mushtaq Ahmed Madraswala

12. Mrs. Rehana Aziz

13. Ms. Sadia Iqbal Memon

14. Mr. Saleh Saleem Memon

15. Mr. Waseem Raza Patel

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Formation of Sub Committees:

Managing Committee approved the formation of following Sub Committees for the year

2014-2015. Names of the Conveners and Co-Conveners of each Sub Committees are as

follows:

1. Events and Programs Committee:

Mr. Abdul Aziz Tayabani Convener

Mr. Khalid Latif Co-Convener

Mr. Mustafa Hanif Balagamwala Member

2. Diary Committee:

Mr. Muhammad Shoaib Ibrahim Convener

Mr. Abdul Jabbar Rathod Co-Convener

3. Membership Committee:

Mr. Mushtaq Ahmed Madraswala Convener

Mr. Mustafa Hanif Balagamwala Co-Convener

4. Ladies Wing:

Mrs. Rehana Aziz Convener

Ms. Sadia Iqbal Memon Co-Convener

5. Youth Wing:

Mr. Mustafa Hanif Balagamwala Convener

Ms. Gul-e-Sharmeen Majeed Marfani Co-Convener

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6. IT Committee:

Mr. Mustafa Hanif Balagamwala Convener

Mr. Abdul Hameed Kath Co-Convener

7. Marketing and International Affairs:

Mr. Mahmood Parekh Convener

Mr. Altaf Lateef Co-Convener

Mr. Muhammad Shoaib Ibrahim Member

8. Legal Committee:

Mr. Waseem Raza Patel Convener

Mr. Danish Arif Patel Co-Convener

9. Job Portal:

Mr. Abdul Basit Kothari Convener

Ms. Gul-e-Sharmeen Majeed Marfani Co-Convener

10. Tax Advisory Committee:

Mr. Abdul Qadir Memon Convener

Mr. Abdul Wahid Tejani Member

Mr. Muhammad Zubair Member

Mr. Abdul Aziz Tayabani Member

Mr. Mushtaq Ahmed Madraswala Member


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11. Conference Organizing Committee:

Mr. Muhammad Hanif Jakhura Convener

Mr. Abdul Aziz Tayabani Member

Mr. Muhammad Hanif Janoo Member

Mr. Muhammad Ashraf Bawany Member

Mr. M. Rafiq Rangoonwala Member

Mr. Muhammad Junaid Shekha Member

Mr. Abdul Basit Kothari Member

12. Network Magazine Committee:

Mr. Khalid Latif Convener

Mr. Abdul Aziz Tayabani Co-Convener

Mr. Abdul Hameed Kath Member

Mr. Mustafa Hanif Balagamwala Member

Mr. Mushtaq Ahmed Madraswala Member


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PAST PRESIDENTS AND HONORARY SECRETARIES GENERAL

Years Past Presidents Honorary Secretaries General

1985 -1986 Prof. Dr. Abdul Majeed Memon Mr. Muhammad Hussain Lawai

1986-1987 Prof. Dr. Abdul Majeed Memon Mr. Muhammad Hussain Lawai

1987-1988 Prof. Dr. Abdul Majeed Memon

Mr. Abdul Ghaffar Kodvavi

1988-1989 Mr. Abdur Razzak Thaplawala Mr. Muhammad Bashir Chamdia

1989-1990 Mr. Abdur Razzak Thaplawala

Mr. M. Ashraf Ayoob Mandvia

1990-1991 Prof. Dr. Abdul Ghaffar Billoo Mr. Abdul Aziz Muhammad

1991-1992 Mr. Ebrahim Qassim Mr. Muhammad Iqbal Dada

1992-1993 Mr. Ebrahim Qassim Mr. Muhammad Younus Dada

1993-1994 Prof. Dr. Abdul Ghaffar Billoo Mr. Muhammad Hanif Jakhura

1994-1995 Mr. Mustafa Lakhani Mr. Abdul Wahid Tejani

1995-1996 Mr. Muhammad Yousuf Adil

Mr. Mushtaq Ahmed

Madraswala

1996-1997 Dr. Azam Yousufani

Mr. Muhammad Siddique Khiyani

1997-1998 Mr. Abdul Wahid Tejani Mr. Abdul Aziz Tayabani

1998-1999 Mr. Hanif S. Kalia Engr. M. Saleem Rangoonwala

1999-2000 Mr. Yakub Hashim Thara Mr. Yasin Y. Saya

2000-2001 Mr. Abdul Qadir Memon Mr. Muhammad Hanif Sattar

2001-2002 Mr. Muhammad Hanif Janoo Engr. Naeem Ilyas Khanani

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Years Past Presidents Honorary Secretaries General

2002-2003

Mr. Muhammad Younus Bandukda

Mr. Ghulam Muhammad Kasbati

2003-2004 Prof. Dr. Iqbal Ahmed Memon Engr. Pervez Abubaker

2004-2005 Mr. Muhammad Ashraf Bawany Mr. Muhammad Zubair

2005-2006 Engr. M. Saleem Rangoonwala Mr. Muhammad Amin Patel

2006-2007 Mr. Muhammad Zubair Mr. Muhammad Junaid Ghaffar

2007-2008 Engr. Muhammad Siddiq Essa Mr. Abdul Hameed Kath

2008-2009 Mr. Muhammad Hanif Jakhura Mr. Abdul Jabbar Rathod

2009-2010 Engr. Pervez Abubaker Mr. Mohsin Adhi

2010-2011 Mr. Asif Ismail Mangroria Mr. Faraz Younus Bandukda

2011-2012 Mr. M. Haroon Qassim Mrs. Farzana Munaf

2012-2013 Mr. M. Rafiq Rangoonwala Mr. Muhammad Junaid Shekha

2013-2014 Mr. Mahmood Parekh Mr. M. Rizwan Usman

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STRATEGIC ADVISORY BOARD

The Strategic Advisory Board (SAB) of Memon Professional Forum was formed on 22nd

November, 2000. The purpose of forming of this Board was to get benefit from the

experience of the Past Presidents of the Forum who fulfils an advisory role for the

Managing Committee.

SAB is a constitutional body which consists of not more than twelve immediate Past

Presidents of the Forum. Members of the Board appoints Chairman and Honorary

Secretary of the Board amongst themselves except incumbent MPF President and Honorary

Secretary General. SAB may also co-opt three eminent professionals who at the time of

co-option should be the member of the Forum. Chairman

Mr. Muhammad Younus Bandukda

Members

Mr. Abdul Aziz Tayabani (President MPF )

Mr. Khalid Latif (Hon. Secretary General MPF)

Prof. Dr. Iqbal Ahmed Memon

Prof. Dr Abdul Ghaffar Billoo

Mr. Abdul Wahid Tejani

Mr. Muhammad Ashraf Bawany

Engr. M. Saleem Rangoonwala

Mr. Muhammad Zubair

Engr. Muhammad Siddiq Essa

Mr. Muhammad Hanif Jakhura

Engr. Pervez Abubaker

Mr. Asif Ismail Mangroria

Mr. M. Haroon Qasim

Mr. M. Rafiq Rangoonwala

Mr. Mahmood Parekh

Ms. Farida Abdul Ghaffar

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Members of 1st Coordination Committee of MPF

1. Mr. Pir Muhammad A. Kalia

2. Mr. Muhammad Yousuf Adil

3. Mr. Ebrahim Qassim

4. Mr. Abdul Qadir Mirajwala

5. Mr. Ebrahim Parekh

6. Dr. Abdul Aziz Bilwani

7. Mr. Adam Memon

8. Mr. Abdul Latif Shakoor

9. Mr. Abdur Razzaq Thaplawala

10. Mr. Muhammad Hanif

11. Mr. Rafiq Dhedhi

12. Mr. Aziz Ebrahim

13. Mr. G. M. Kherati

14. Mr. A. Razzak Jangda

15. Mr. Tahir

16. Prof. A.G. Saeed

17. Mr. Ashraf Kothari

18. Mr. Rafiq Tumbi

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FROM THE DESK OF THE PRESIDENT

Dear Fellow Members,

Assalaam-o-Alaikum.

Few days before the 30th Annual General Meeting of Memon Professional Forum

(MPF) I was asked by few of our worthy past presidents to take over the charge of

President of MPF this year, which I could not refuse and finally soon after the said 30th

Annual General Meeting of MPF i.e. on Sunday 28th September, 2014 our Managing

Committee elected me as a President of MPF. I bow my head to Almighty Allah who

bestowed upon me this honor of serving the MPF, a prestigious body of Memon

Professionals, as its 30th President and today I am really feeling honored and

privileged to write you all as a President of MPF and am thankful to our past

presidents and the members Managing Committee to repose their confidence in me

for this great task. Dear members, let me tell you that one may be very excited when

he comes to know that he is going to be the next President of MPF but as soon as he

takes over the charge he realizes the responsibilities and challenges he is going to

face. Same was the case with me but, having said that, let me also tell you that I do

not repent having taken the Office as President and throughout the year have loved to

give time and work for MPF and with every passing day I was getting more and more

addictive to my work and obligation

Dear members, at the start of our tenure I and all my MC members were very much

concerned with our financial position as we did not even had funds to meet our

monthly expenses and pay off the substantial amount of our inherited liabilities. I am

glad to inform you that at this very crucial time of ours some of our MC members

rescued us by giving loans and donations. I am grateful to all those MC members who

helped us at this juncture. I would also like to thank all my MC members to endorse

my suggestions to freeze all our deposits and not to encash them in any case,

whatever the difficulties that we may have to face and in future all the expenses, other

then normal and usual expenses, should be got approved by the MC members. I am

also glad to inform you that we have paid back all such loans to our worthy MC

members out of the surplus of our Diary Project.

The next major task for us was publication of Diary 2015. Keeping the tradition of MPF

alive, this year also, our Diary Committee under the convenership of Mr. Muhammad

Shoaib Ibrahim took out the diary. The improvements made in the quality and the

presentation of diary of this year are commendable and I am glad to inform you that

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this year we had a record surplus for which I congratulate Mr. Shoaib and his team for

the tremendous hard work put in by them and making us proud.

Dear members, with deep sorrow and grief I have to inform you that during our tenure

we lost one of our sitting MC Member Mr. M. Ashraf Ayub Mandvia who passed away

on 6th January, 2015. Let us all pray that may Allah forgive him, grant him place in

Jannah-tul-Firdous and give courage to the bereaved family to bear this irreparable

loss. (Aameen).

For the induction of new members into the MPF fold, during our tenure, we had kept a

target of introducing 50 (fifty) new members for the Membership Development

Committee, whose Convener was Mr. Mushtaq Ahmed Madraswala. I am glad to

inform you that we have, Masha Allah, inducted 55 (fifty five) new members this year

which number is more than our target and is also highest, at least, in last eight years.

For this I congratulate Mr. Mushtaq for the efforts he made in achieving our target and

not letting us down.

In the mid of our tenure we decided to start having breakfast at MPF Secretariat, to be

hosted, every month, by one of our MC Members, from 10:15 a.m. to 10:45 a.m. i.e.

before the start of our MC Meeting at 11:00 a.m. I would like to thank all my MC

Members who voluntarily hosted the breakfasts before our MC Meetings.

Considering the financial strains, this year, I kept the Events & Programs Committee in

my hand which was ably assisted by our Hon. Secretary General Mr. Khalid Latif and

our young and dynamic Joint Secretary Mr. Mustafa Hanif Balagamwala, except for

the Ladies Wing of which the Convener was Mrs. Rehana Aziz and the Conference

Organizing Committee of which the Convener was our Past President Mr. Muhammad

Hanif Jakhura. By the grace of Allah, we organized 17 (seventeen) programs,

including six programs by our Ladies Wing and a much awaited Entrepreneurship

Conference, 2015 titled Dare to Dream, the details of which are to be followed in the

subsequent part of this booklet. Let me also inform you, over here, that in the

beginning of our tenure particularly when we were handicapped with the financial

position, we had managed to hold our first two programs through sponsorships and

had succeeded to earn surplus in our third program. I am also happy and pleased to

inform that for our last four programs which were held after the close of financial year

i.e. after 30th June, 2015 we did not spent any amount from the account of MPF as our

two programs were fully sponsored and we had surplus in our Networking Brunch and

are expecting a handsome amount of revenue out of the Entrepreneurship

Conference. The position of surplus of the said two programs is going to be reflected

in the accounts, of after our tenure, for the year ending on 30th June, 2016. As such,

by the grace of Almighty Allah, we are ending our tenure in much better financial

position then we started our tenure. I would like to thank Mr. Abdul Basit Kothari, Ms.

Sharmeen Majeed, Mr. Pervez Abubaker, Mr. M. Rizwan Usman and Mr. Waseem

Raza Patel for their lead roles in some of our programs and would also like to thank

our Past Presidents Mr. Ebrahim Qassim, Mr. M. Saleem Rangoonwala, Mr. Asif

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Ismail Mangroria, Mr. Haroon Qassim and Mr. M. Rafiq Rangoonwala for helping us in

organizing our various programs. My sincere thanks are also due to our Past

Presidents Mr. Abdul Wahid Tejani, Mr. Abdul Qadir Memon, Mr. Muhammad Hanif

Janoo, Mr. Muhammad Zubair and Mr. Pervez Abubaker who not only helped us in

organizing various programs but also supported me and guided me with their valuable

suggestions through out our tenure. My thanks are also due to Mr. Mushtaq Ahmed

Madraswala for his valuable support and guidance to me through out our tenure. I

would also like to thank Dr. Abdul Rasheed Vayani, Mr. Abdul Jabbar Rathod, Mr.

Mohsin Adhi, Dr. Khalid Bhambha and Mr. Muhammad Yousuf Patel for their valuable

support during our tenure.

I would like to thank Mrs. Rehana Aziz, Convener of our Ladies Wing to give us six

memorable programs, many of them with the top celebrities of our country. Over here

I would also like to thank Ms. Sadia Iqbal Memon and Dr. Saira Bano for their lead

roles in two of our programs and would also like to thank Mrs. Sarwat Zubair, Mrs.

Saira Nasir Jamal and Ms. Farida Abdul Ghaffar for their valuable support to our

Ladies Wing.

My sincere thanks to the Convener of the Conference Organizing Committee, our Past

President Mr. Muhammad Hanif Jakhura and his Committee members Past President

Mr. Muhammad Hanif Janoo, Past President Mr. Muhammad Ashraf Bawany, Past

President Mr. M. Rafiq Rangoonwala, Past Hon. Secretary General Mr. Muhammad

Junaid Shekha and our Treasurer Mr. Abdul Basit Kothari for successfully organizing

Entrepreneurship Conference, 2015 titled Dare to Dream on Wednesday, 9th

September, 2015. We are receiving excellent feed back from various persons and

sectors for organizing this Conference. My thanks are also due to our Lead Partner

M/s Octara (Pvt.) Limited, all the speakers, sponsors and delegates of this

Conference.

My special thanks to all my Office Bearers namely Mr. Abdul Hameed Kath, Mr. M.

Rizwan Usman, Mr. Khalid Latif, Mr. Mustafa Hanif Balagamwala and Mr. Abdul Basit

Kothari. My sincere thanks to all my Managing Committee Members namely Dr. Abdul

Rasheed Vayani, Mr. Aftab Qutubuddin Munshi, Mr. Altaf Lateef, Mr. Danish Arif

Patel,Mr. Gulzar Ahmed Memon, Ms. Hena Sadiq, Mr. Mahmood Parekh, Mr.

Mohammad Shafi Zakaria, Mr. Muhammad Shoaib Ibrahim, Mr. Mushtaq Ahmed

Madraswala, Mrs. Rehana Aziz, Ms. Sadia Iqbal Memon, Mr. Saleh Saleem Memon,

Ms. Sharmeen Majeed and Mr. Waseem Raza Patel who all have always been with

me at my right and left through out the year. I would also like to thank Mr. Ahsan

Ahmed Memon of our Secretariat to co-operate with us and assist us during whole of

our tenure.

I would also like to thank the Chairman SAB Mr. Muhammad Younus Bandukda for

appreciating the activities and the work of our MC members

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Lastly I would like to sincerely thank my wife Mrs. Rehana Aziz who not only tolerated

me with patience at home but also helped me in fulfilling my obligation as a President

of MPF.

In the end I would like to say that I have tried to work for the benefit of MPF sincerely

and to the best of my ability during whole of my tenure and now I leave upon you all to

judge our performance of the year. If I have heart any one’s feelings, I apologize to

him or her and assure him/her that it cannot ever be intentionally. May Allah shower

His blessings on all of us (Aameen).

With best wishes and regards.

Abdul Aziz Tayabani

President.

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FROM THE DESK OF HONORARY SECRETARY GENERAL

I on behalf of Office Bearers for the year 2014-15 and members of the

Managing Committee for the year 2013-15 of Memon Professional Forum (MPF)

welcome you all to this 31th Annual General Meeting, of the MPF and I am pleased

to present before you the Annual Report and the Audited Accounts for the year

ending June 30, 2015.

First of all I thank Almighty Allah, number of events and activities took place throughout the year who gave me courage and energy to complete the tenure as Honorary Secretary General of the MPF while carrying on all the responsibilities conferred upon me and it is needless to mention here that it was not possible without the support and devotion shown by each and every member of the Managing Committee throughout the year.

I would like to mention here that working for MPF was such a great responsibility and was rising task but same time the level of co-operation and attachment of each MC Member with me made it easier that every time I never felt unaided as being the Secretary while working with them. I was also fortunate to have such a visionary and experienced President Mr. Abdul Aziz Tayabani and other Office Bearers and dedicated and energetic team of MC Members, they all were co-operative and supportive throughout the year. My special thanks to Mr. Abdul Hameed Kath Sr. Vice President, Mr. M. Rizwan Usman Vice President, Mr. Mustafa Hanif Balagamwala Joint Secretary and Treasurer Mr. Abdul Basit Kothari who always used to reach at time at every meeting and occasion and tried their best to help me out in sharing my responsibilities with great concentration and devotion.

This year by Grace of Almighty Allah we managed to organize large number of in house and outside seminars and demonstrative shows by Ladies Wing. We organized Conference Dare to Dream at Hotel Marriot and Networking Brunch at Karachi Club Annexe. I am also thankful to Diary Committee Members, MC members and specially Mr. Muhammad Shoaib Ibrahim and his team for their efforts they made to collect huge amount through Diary Project only to run MPF routine expenses.

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I would like to thank especially to all our Diary Gold Sponsors M/s Premier

Cables (Pvt.) Ltd., M/s Pharmevo (Pvt) Ltd. and M/s Gatron Industries Ltd. for

their continuous support and patronage towards activities of MPF.

I also thank our Office Secretary Mr. Ahsan Ahmed Memon for his untiring efforts.

I also thank to Past Presidents, Past General Secretaries, distinguished members and other seniors namely Mr. Muhammad Hanif Janoo, Mr. Abdul Wahid Tejani, Mr. Abdul Qadir Memon, Engr. Pervez Abubaker, Mr. M. Rafiq Rangoonwala, Mr. Muhammad Hanif Jakhura, Mr. M. Haroon Qassim, Mr. M. Saleem Rangoonwala, Mr. Asif Ismail Mangroria, Mr. Muhammad Zubair, Mr. Abdul Jabbar Rathod, Mr. Mushtaq Ahmed Madraswala, Mrs. Farzana Munaf Mrs. Rehana Aziz, Mr. Wasim Raza Petal, Ms. Hena Sadiq, Ms.Sharmeen Majeed, Ms.Sadia Memon, Dr. Rasheed Vayani, and Mr. Altaf Lateef, for their continuous support, guidance and encouragement.

I also thank Strategic Advisory Board (SAB) Members & Chairman Mr. Muhammad Younus Bandukda for appreciating the efforts of current MC.

Last but not least, I thank the entire MC specially the President and Office Bearers for their continuous support, involvement and interest.

In the end I wish MPF a wonderful future ahead and be available my self for any type need of MPF.

Thank you,

God Bless You

Khalid Latif Honorary Secretary General

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PERFORMANCE REPORT FOR THE YEAR 2014 - 2015

NEW MEMBERS INDUCTED

FROM 2008 TO 2015

0

5

10

15

20

25

30

35

40

45

50

55

60

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015

0

2

4

6

8

10

12

14

16

18

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015

NUMBER OF EVENTS & PROGRAMSFROM 2008 TO 2015

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DIARY PROJECT SURPLUS

FROM 2008 TO 2015

0

200000

400000

600000

800000

1000000

1200000

1400000

2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015

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EVENTS HELD DURING 2014 - 2015

S. No. Date Events No. of Participants

1 Nov-14-2014 Shariah Compliant Investment 40

2 Nov-22-2014 Interactive Workshop Re Build your Life

Through Communication, Motivation and

Leadership

35

3 Jan-03-2015 Dars & Mehfil-e-Naat 40

4 Feb-27-2015 Oral Cancer Awareness 150

5 Feb-27-2015 Exploring the Entrepreneur Within 90

6 Mar-14-2015 An Evening with Mrs. Zubaida Tariq

(Zubaida Aapa) 90

7 Mar-27-2015 Be StressLess (Come Out of it) 95

8 Apr-11-2015 Seminar on Rent & Succession Law 45

9 Apr-25-2015 Floral Art Show 55

10 May-09-2015 Seminar Dying Capitalism & the Emergence of

A New Economic System 40

11 May-23-2015 Beauty & Fitness through Yoga by Yogi

Wajahat 60

12 Jun-06-2015 Kids Carnival 90

13 Jun-13-2015 Seminar on Calculation of Zakat 45

14 Jul-05-2015 Ramazan Kay Baad Kay Shab-o-Roz and

Iftar Dinner 30

15 Aug-09-2015 Networking Brunch 80

16 Aug-16-2015 Awareness of First Aid 90

17 Sep-09-2015 Entrepreneurship Conference, 2015 Dare

to Dream 300

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Report on Events & Programs Held During the Year

1. Shariah Compliant Investment:

This program was organized by our Treasurer Mr. Abdul Basit Kothari which was held on

Friday 14th November, 2014. It was in collaboration with M/s Al Ameen Islamic Financial

Services (Pvt.) Limited who fully sponsored this program.

The program started at about 6:15 p.m. with recitation from Holy Quran. Mr. Khalid Latif Hon. Secretary General invited Mr. Abdul Aziz Tayabani, President MPF to give his inaugural speech.

Mr. Abdul Aziz Tayabani gave brief introduction about MPF and some of the future activities to be held by the Forum. He also mentioned about the importance of savings in our life. Thereafter our Treasurer Mr. Abdul Basit Kothari, the organizer of this program introduced the learner Speaker Mr. Shahid Gul Motiwala, who is also a member of our Forum and invited him to start his presentation.

Mr. Shahid Gul Motiwala, in his presentation, informed the participants that a mutual

fund is a single portfolio of investment where money is invested in pool of

investments and the same is managed by an Asset Management Company on

behalf of all its investors. The Fund Manager invest the amounts of the funds in

various companies with an intention to earn more and more profits for the investors.

The participants very much appreciated the presentation of Mr. Shahid Gul

Motiwala. At the end of the program vote of thanks was presented by our Hon.

Secretary General Mr. Khalid Latif where after a memento was presented to learner

speaker by our President Mr. Abdul Aziz Tayabani.

After the program refreshment was served to the participants.

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2. Interactive Workshop on Re Build your Life Through Communication,

Motivation and Leadership:

This Workshop was held on Saturday 22nd November, 2014. This Workshop was arranged by

one of our lady MC Member, Ms. Sharmeen Majeed. The Lead Facilitator of the Workshop

was a Certified Trainer Mr. Tanzeel Patker. This was a FIVE HOURS interactive workshop for

which he had charged a sum of Rs. 2,500/- and had paid to the Trainer at Rs. 1,500/- per

participant. There were altogether 28 paid participants. The beauty of this Workshop was that

all the participants continuously remained engaged in listening the Lead Facilitator through

out the session. This was our first charged program in which we had a surplus of Rs.

Rs.20,780/-. This Workshop turned out to be a source of great learning for all the participants.

At the end of the Workshop Certificate of Participation were given to all the participants of

this Workshop duly signed by our President Mr. Abdul Aziz Tayabani, the Lead Facilitator Mr.

Tanzeel Patker and the Hon. Secretary General of our Forum Mr. Khalid Latif. On conclusion of

this Workshop refreshments were served to all the participants.

3. Dars & Mehfil-e-Naat:

This program was organized by one of our Ladies Wing Member Ms. Sadia Iqbal Memon

which was held on Saturday 3rd January, 2015 in the Holy month of Rabbi-ul-Awwal. It was a

fully sponsored program. At the beginning of the program Naats were recited by a young girl

Rabia Shoaib, a student of 10th Class, in her God’s gifted melodious voice where after an

informative Religious Dars was given by a popular, professional Naat khuwan Ms. Faiza

Junaid. After the Dars Ms. Faiza Junaid also recited numerous famous Naats. The program

ended with Dua. The ladies participants of this program thoroughly enjoyed the Mehfil. The

Mehfil concluded with distribution of refreshment boxes among the participants. Efforts of

the organizer Ms. Sadia Iqbal Memon were appreciated by the Convener of our Ladies Wing

Mrs. Rehana Aziz and all the participants.

4. Oral Cancer Awareness:

This program was organized by the Convener of our Ladies Wing, Mrs. Rehana Aziz in

collaboration with Ko-Ordination Group, a Social Welfare Project of Kalia Group in the

morning of Friday 27th February, 2015 at SMB Fatima Jinnah Girls School, near Zoo Garden. A

Key Note Speaker of this program was Dr. Noor Mohammad Soomro, a Gold Medalist, Senior

Consultant Clinical Oncologist and the Head of Cancer Department of Civil Hospital, Karachi.

Chief Guest was Mrs. Amina Surti, who is also our member and a Chairperson of the Ladies

Wing of Gondal Memon Jamaat. Presiding Guest was the Convener of our Ladies Wing Mrs.

Rehana Aziz. The main participants of this program were the girls student of the said School

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who were informed about the disadvantages and harm of using Paan, Chaliya, Ghutkaas and

other such items.

5. Exploring the Entrepreneur Within:

This program was held in the evening of Friday 27th February, 2015. The Speaker of this

program was our Past President and is now a days a Chief Operating Officer of Burger King

Pakistan and Ex-CEO of Cupola Group of Companies, Mr. M. Rafiq Rangoonwala. This program

was held with an intention to bring the spirit of entrepreneurship back in our youth and

motivate them to think upon and become entrepreneurs. The program started with the

recitation of the versus of Holy Quran by Mr. Mushtaq Ahmed Madraswala followed by a

welcome speech by the President of our Forum Mr. Abdul Aziz Tayabani in which he gave the

details of this Lecture as well as his future programs on the subject. Thereafter the Hon.

Secretary General Mr. Khalid Latif introduced the Speaker and then handed over the session

to the learned Speaker Mr. M. Rafiq Rangoonwala who started his Lecture with a quiz

showing the pictures of Icon Entrepreneurs of Memon Community which included Sir Abdul

Karim Jamal, Sir Ahmed Dawood, Sir Adamjee and Mr. Yahya Ahmed Bawany. He then talked

about the legacy that Memon Community holds as entrepreneurs and is known for its great

entrepreneurs. He said that now the Memon Youth are not utilizing their natural talents and

are not taking risks of becoming entrepreneurs. He gave various examples of entrepreneurs

from the world and motivated the youth to think in this dimension. It was a thought

provoking Lecture. The audience was mesmerized energy of the Speaker. The Lecture was

highly appreciated by the huge audience. After the lecture our Joint Secretary Mr. Mustafa

Hanif Balagamwala thanked the audience, the members of MPF, Members Managing

Committee of MPF and especially to the former presidents of MPF Mr. Hanif Jakhura, Mr.

Saleem Rangoonwala and Mr. Ashraf Bawany who had graced the occasion with their

presence. He also thanked the learned Speaker for sharing his esteemed knowledge and

experience with the participants. In the end a plaque was presented to Mr. Rafiq

Rangoonwala by the President MPF Mr. Abdul Aziz Tayabani as a token of appreciation and

remembrance.

6. An Evening with Mrs. Zubaida Tariq, commonly known as Zubaida Aapa:

This program was organized by the Convener of our Ladies Wing, Mrs. Rehana Aziz which was

held on Saturday 14th March, 2015. Zubaida Aapa, a celebrity renowned cooking expert who

ranks among Pakistan’s oldest cooking veteran’s chefs and a well-known personality of

Pakistan highly famous for her Tips & Totkas was the Chief Guest. At the entrance door of

MPF the Chief Guest, Zubaida Aapa, was welcomed by the President of our Forum Mr. Abdul

Aziz Tayabani, Hon. Secretary General Mr. Khalid Latif, Joint Secretary Mr. Mustafa Hanif

Balagamwala and the Convener of Ladies Wing Mrs. Rehana Aziz where after she was

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escorted by the Convener Ladies Wing to the Main Hall of the program. In this program very

interesting activities, for the ladies, such as Cooking Competition, Quiz Competition and Lucky

Draws were held. The judges for the Cooking Competition were the Chief Guest herself, Mrs.

SairaNasir Jamal and Mrs. Hamida Mahboob Popatia. The interest of ladies attendants of this

program was so overwhelming that both the halls of the Forum were full up to their capacity

and all the participants thoroughly enjoyed the Tips & Totkas of the Chief Guest. The

participants were fascinated during the question and answer session also as all the answers in

the shape of Tips & Totkas by the worthy Chief Guest were just adorable. Zubaida Aapa also

shared her whole life experience with the participants which also created lots of interest in

the program. In this program Cooking Competition was held for age group of two categories.

One was for all type of dishes for the girls of age group from 12 to 18 years and the other was

for the age group of above 18 years, separately, for Main Course Dish and Dessert Dish. As

per the format of the program the participants of the Cooking Competition, of both the age

groups, were required to bring their cooked and decorated dishes from their homes with

written recipe.

The judges tasted the dishes of all the competitors and the First, Second & Third Prizes for the

girls of 12 to 18 years went respectively to Miss Hiba Sohail for Strawberry Cups, Miss Hala

Zubair for Strawberry Souffle and Miss Shama Tahir for Caramel Pudding. For the competition

of 18 years and above, for the Main Course Dish Competition, the First, Second & Third Prizes

went respectively to Ms. Aziza Irfan for Kichra/Haleem, Ms. Shehrish Danish for Malai Chicken

and Ms. Fatima Tabani for Dhokra. For the Dessert Dish Competition, the First, Second and

Third Prizes went respectively to Mrs. Ayesha Bawany for Gond Papri, Mrs. Waheeda Ismail

for Strawberry Trifle and Miss Sharosh Wahid for Chocolate Cup Cake. Several other prizes

were also given for giving correct answers in the Quiz Competition and to the lucky winners of

Lucky Draw. In the end the shield and a gift hamper were also presented to the Chief Guest,

Zubaida Aapa, by Mrs. Rehana Aziz, the Convener of the Ladies Wing. This lovely program of

our Ladies. Wing was really a memorable event that started at 04:00 p.m. and concluded with

vote of thanks at around 07:00 p.m. After the program all the attendants enjoyed the

scrumptious and the mouthwatering dishes brought in the competition by the participants

with the Hi-Tea.

7. Be StressLess (Come Out of it):

This program was organized by our Vice President Mr. M. Rizwan Usman which was held on Friday 27th March, 2015. The Speaker of this program was a well known and a famous professional Trainer, Mr. Umair Jaliawala. In this program, the learned Speaker spoke on how to face the stress and try to live stress less and make efforts to create a win-win situation in our life.

He mentioned stress can be reduced by staying focused and start giving to others what you desire to have, such as if you want respect then start giving respect to all, if you would like to have more money then start giving money and Allah will increase your wealth.

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He emphasized on the concept that people should not have money, job or status-centered lives but rather to mould their lives according to their principles after which we would be successful in our lives. He also said that there is no time like the present which should be lived to the fullest and that children are NOT the FUTURE but they are the PRESENT and hence, should be involved in brain storming and decision making process.

He also extensively talked about stress like breaking it down into positive and negative categories and how to effectively deal with both of them. In addition, he refuted many paradigms that have been ingrained in us since childhood e.g. NOT ALL old is gold and slow and steady does NOT win the race in this fast paced global economy. In this program both the halls of MPF Office were full up to their capacity with ladies and gents and all the participants thoroughly enjoyed the lecture. Because of huge participation we had to make arrangements for Maghrib Prayers on the roof of our office building and we have been given to understand that it was done for the first time.

8. Rent & Succession Law:

This Seminar was jointly organized by our Hon. Secretary General Mr. Khalid Latif and our MC

Member Mr. Waseem Raza Patel which was held on Saturday 11th April, 2015. The Speaker

was Mr. Muhammad Saleem Mangrio, Advocate Supreme Court and Hon. Secretary of Sindh

High Court Bar Association Karachi. This Seminar was an interactive session covering various

aspects of the said laws to create awareness & better understanding of these laws amongst

the participants. The participants of the seminar took very keen interest in the question

answer session and asked very interesting questions which were all very expertly answered

and dealt with by the learned Speaker. After the speech of the learned speaker our Hon.

Secretary General proposed vote of thanks where after a memento was presented to the

learned Speaker by our President Mr. Abdul Aziz Tayabani as a token of rememberance.

9. Floral Art Show:

This Show was organized by the Convener of our Ladies Wing, Mrs. Rehana Aziz which was

held on Saturday 25th April, 2015. The Show was conducted by Mrs. Sabra Tufail, an expert

floral artist who has won more than 50 prizes in local and international competitions. She has

also participated in two international world flower shows in Bostan and Ireland. In this Show

the participants were taught Flower Art by using common flowers and foliage; turning them

into spectacular arrangements. It was also taught to make floral arrangements to decorate

our rooms with personal touch and make our space a unique experience. In this Show besides

many participants, it was attended by two celebrities cooking experts namely Mrs. Azra Sayed

and Mrs. Naheed Ansari who both conducts shows on various TV channels. The gathering in

this show took great interest in the Show and was highly keen to learn the arrangements

taught by the learned Presenter. The audience very much appreciated the efforts made by

the presenter in this Show and were also happy to learn various flower arrangements. At the

end of this show a memento was presented to Mrs. Sabra Tufail by the Convener of the

Ladies Wing Mrs. Rehana Aziz where after refreshments were served to the participants.

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10. Dying Capitalism & the Emergence of a New Economic System:

This Seminar was arranged with the help and support of our Past President Mr. Pervez

Abubaker which was held on Saturday 9th May, 2015. The Speaker was Mr. Syed Ghulam

Qadir, an alumnus of Wall Street and Yale University who has over 15 years of experience of

Finance, Investment Banking and Financial Engineering in U.S.A. and Middle East. The main

feature of this Seminar was Eliminating Interest on Money from the Economic System,

Discontinuing Income Tax and Instituting Asset Tax. This was a unique Seminar of its kind.

The participants took keen interest in the question & answer session by asking very

interesting and knowledgeable questions to the Speaker which were very nicely answered up

to the satisfaction of the participants. At the end of the program our Hon. Secretary General

Mr. Khalid Latif proposed vote of thanks and a memento was presented to the learned

Speaker by our President Mr. Abdul Aziz Tayabani. In this program also refreshment were

served to the participants.

11. Beauty & Fitness Through Yoga by Yogi Wajahat:


held on Saturday 23rd May, 2015. In this program a celebrity Yogi Wajahat, who happens to

be a Pakistan’s leading Yogi having command on different types & styles of yoga and has been

conducting programs continuously for the last six years on Indus TV. explained and taught to

the participants how to achieve true and inner, physical or outer Beauty and achieve &

maintain the fitness by losing excess weight and unwanted fat through yoga. The ladies

participants were over whelmed with the yoga exercises practically demonstrated by Yogi

Wajahat and expressed where great satisfaction in the program. Yogi Wajahat also took great

interest in our this program and even cancelled his yoga classes of the evening of that day.

After finishing the program he also had a good talk and sitting with our President, Hon

Secretary General and the Joint Secretary. At the end of the program Energy Drinks were

served to the participants through the courtesy of Yogi Wajahat with the refreshments by our

Forum where after a memento was presented to the worthy Yogi.

12. Kids Carnival:


held on Saturday 6th June, 2015. Actually this program was organized considering the

demand of the children of our members. This program consisted of Face Painting, a Fancy

Dress Show, Art Work and lots of Music for the children. A very interesting game “Find a

Sharped Pencil” was also held for the children which was very much enjoyed not only by the

children but even by the elders also. Art work was conducted by a celebrity Mrs. Azra Sayed

who taught to make sandwiches of different shapes in different colors. The Chief Guest was

Mrs. Akhtar Noorani, Coordinator of Nasra Schools, Karachi. Mrs. Akhtar Noorani taught the

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children how to make various interesting articles with papers in which also all the children as

well as the elders, who accompanied the children, took keen interest. A professional key

board player was invited to play music and sing songs for children. The program was

compared by Dr. Aqib Jawed Vayani, a son of our MC Member Dr. Abdul Rasheed Vayani and

our Ex-Office Assistant Mr. Abdul Haseeb who also sang few very interesting songs for the

children. Dr. Aqib has now become the member of our Forum also. One more Doctor, a friend

of Dr. Aqib also sang few songs for the children playing his guitar. In this program lots of

prizes were given to the children through Lucky Draw and all the children were also given gift

hampers and snacks boxes with juice boxes as their refreshment. This Program came to an

end as a memorable event for the children to be remembered for a long time to come. We

are happy that this event was not a memorable event only for the children who participated

in it but it will be remembered by elders also who had accompanied the children.

13. Seminar on Calculation of Zakat:

A Seminar on Calculation of Zakat was held before the holy month of Ramazan on Saturday

13th June, 2015. The speaker of this Seminar was Mr. Asif Kasbati of Professional Accountant

Forum, who is a member of our Forum also. It was for better understanding of various issues

of Zakat such as (1) Our Zakat Calculation Day may not be in Ramazan, it may even be any

other day other than Ramazan, (2) Who has to pay Zakat and to whom it has to be paid, (3)

What assets, articles & properties are liable to Zakat an what are the permissible deductions

etc. (4) How the Zakat has to be calculated and (5) Other issues relating to Zakat. After the

speeches a very interesting question & answers session took place. At the end of this Seminar

a gift of Holy Quran with translation in Urdu was presented to all the participants with the

courtesy of our Past President Mr. Ebrahim Qassim who had also graced this program with his

presence.

14. Ramazan Kay Baad Kay Shab-o-Roz and Iftar & Dinner:

This program was held on Sunday 5th July, 2015 i.e. on 17thRamazan, 1436 immediately after

our 10th MC Meeting. In this program all past presidents, all past Secretaries and the MC

Members of 2012-2013 were invited. Dars on the said topic was given by Bhai Owais Pasha

Qarni. In this program also a gift of Holy Quran with translation in Urdu was presented to the

participants with the courtesy of our Past President Mr. Ebrahim Qassim.

15. Networking Brunch:

The Networking Brunch was arranged for the members and their families, including their

children of 18 years and above, on Sunday 9th August, 2015 at the Karachi Club Annexe. It

was a charged program with a Participation Charges of Rs.850/- per person. For the

registration of this program six places located at the different parts of our city, Karachi, were

arranged for the convenience of participants which are as follows:

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( a ) Our MPF Office.

( b ) Office of our President Mr. Abdul Aziz Tayabani located near Passport Office, Saddar.

( c ) Office of our Hon. Secretary General Mr. Khalid Latif located at Sunny Plaza, Hasrat

Mohani Road, Near Techno City.

( d ) Office of our Past President Mr. Saleem Rangoonwala located at Clifton.

( e ) Office of our Past President Mr. Pervez Abubaker located at Cosy Homes, Block-13A,

Gulshan-e-Iqbal.

( f ) Reception Counter of our Past Senior Vice President Dr. Khalid Bhambha located at

Tipu Sultan Road.

We understand that such different places for registration were offered to our members for

the first time.

The good thing and the beauty of this Networking Brunch was that the children above the age

of 18 years also participated in it and had a very good interaction and fellowship with each

other and came to know the objects of our Forum. They also requested and desired that such

programs should be held again so that they can have a chance to meet with each other again.

We are glad that this program was highly attended and very much liked by all the participants

who thoroughly enjoyed meeting each other and also enjoyed a sumptuous Brunch.

16. Awareness of First Aid:

A Program on “Awareness of First Aid was held on Sunday 16th August, 2015 at the IKM

seminar Hall of Usman Memorial Hospital, Hussainabad, F. B. Area, Karachi. The Speaker of

this Program was Dr. Abdul Rasheed E. Vayani, a Member Managing Committee of MPF and a

Chairman Health & Hygiene Society. In this program very demonstrative presentation was

made to understand the Golden Rules of First Aid and create awareness for how to provide

First Aid in case of any sort of emergency for Burns & Scalds, Wounds, Fractures, Snake & Dog

Bite, Poison, Foreign Body, Dislocation, Unconsciousness, Artificial Respiration, Asphyxia Etc.

Huge participants were benefited by this program which provided great opportunity to the

participants to learn a lot on this subject. The program was open for the members and their

guests. Keeping the importance of the subject and also anticipating the large crowd it was

held outside the MPF Secretariat. We are happy that our this decision beard a fruitful results

as the program was largely attended, including few of the family physicians. We are also glad

to inform that we had received a very good feedback with great appreciation, for the

wonderful presentation made by the Speaker, by the participants. After the program

refreshment boxes with juice were served amongst the participants.

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17 . Dare to Dream Entrepreneurship Conference:

The 5th Entrepreneurship Conference, 2015 Dare to Dream was held on Wednesday 9th September, 2015 at Marriot Hotel Karachi. It was a full day event starting from 09:00 a.m. to 06:00 p.m. To organize this Conference our MC had formed a separate Conference Organizing Committee of our Past President Mr. Muhammad Hanif Jakhura as its Convener, our Past Presidents Mr. Muhammad Hanif Janoo, Mr. Muhammad Ashraf Bawany, Mr. M. Rafiq Rangoonwala, our President Mr. Abdul Aziz Tayabani, our Past Hon. Secretary General Mr. Muhammad Junaid Shekha and our Treasurer Mr. Abdul Basit Kothari as its members. Celebrating three decades of a very vibrant existence, our Forum brought together an impressive array of leading lights from the worlds of trade, commerce and industry to dwell upon the phenomenon that is entrepreneurship, in its search for peace, progress and prosperity for Pakistan. The heavyweights on board comprised Mr. M. Ali Tabba (CEO, Lucky Cement Limited), Mr. Arif Habib (CEO, Arif Habib Corporation), and Mr. Khalid Awan (Founder & Chairman TCS Holdings Pvt Limited), with Mr. Moin M. Fudda (Country Director, Center for International Private Enterprise), Mr. Muhammad Hanif Janoo (Chairman Tea Association of Pakistan) and Mr. M. Rafiq Rangoonwala (COO, Burger King Pakistan) providing the stimulus for thought provoking discussions. The Conference celebrated Dr. Abdul Bari Khan and his social enterprise the Indus Hospital built on ‘Pukhta Yaqeen’ (firm belief). Conference proceedings began with the Opening Remarks by the Convener of the conference, Mr. Muhammad Hanif Jakhura followed by a Welcome Address by the President of our Forum Mr. Abdul Aziz Tayabani who also gave an introduction of MPF that now has a membership of over 1,000 professionals of various disciplines. Mr. Khalid Awan, who is a leading example of Pakistan entrepreneurship, delivered the keynote address. His presence at the conference was both a tribute to what he has accomplished, as well as testimony to the expanding horizons of the Memon Community that has a long tradition of entrepreneurship across the globe. “Memons great example of industriousness, risk taking and philanthropy” – Khalid Awan Khalid Awan termed his presence at the conference as a truly inspiring and humbling experience. “The most important pillars of the nation are those who create wealth, and the Memon Community is a leading such pillar, a great example of industriousness, risk taking and philanthropy,” he said. Terming himself a first generation businessman, Khalid Awan said that it was in the sharing of our stories that we enrich ourselves, with the real magic not in the profits but in the people who make success possible. “It is the possibility of a single dream coming true that makes life worthwhile.” Mr. Awan’s advice was to shape a culture of enterprise and integrity and everything else will

follow. “Describe your vision and people will share it.” He sounded a note of warning,

however. “There will always be skeptics. First people will ignore you; if you persist they will

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ridicule you; you keep at it and then they will fight with you. That’s when you know you have

arrived.”

He described the TCS journey as highly charged with emotion, during the course of which no special favours were received. “It is never a popularity contest, and it entails the taking of hard decisions. It has been an exciting journey during the course of which an enterprise has been created that runs through the bloodstream of the nation. Every day half a million shipments are generated.” “We have succeeded in reinventing ourselves” With the arrival of the Internet many TCS people felt threatened, said Mr. Awan. “We have succeeded in reinventing ourselves, however. Behind the scenes TCS teams have developed new products and services. We saw opportunities in outsourcing, a dynamic new trend in the emerging global village, and we set up state-of-the-art printing facilities in two locations for the printing and in-time distribution of utility bills and bank statements. Here we have electronic interface with the client’s database, saving the client major expense and hassle. We set up an inventory management system for sim cards, with the telecom companies’ cash flows major beneficiaries. We have introduced the TCS Supply Chain Advisory to streamline and optimize our customers’ operations. We firmly believe that in our customers’ growth lies our own growth.” Khalid Awan describes e-commerce as the most exciting evolving frontier that has vastly enhanced outreach. Complimenting it is the new TCS product ‘Hazir’, the 60 minutes pick-up promise that he says is a big challenge, but one which robust technology is making possible. Winding up his keynote address Mr. Awan paid special emphasis on organizational development, and was particularly proud of the fact that over 850 MBA graduates from our leading business schools had applied to TCS for employment. “Given proper management Pakistan can become a welfare state for its people” – Arif Habib Next up was the address by the chief guest Arif Habib, better known for his six stints as president/chairman of the Karachi Stock Exchange. Lesser known is the fact that he is a leading light of the fertilizer industry as chairman of Fatima Fertilizer Company Limited, Pakarab Fertilizers Limited, and DH Fertilizers Limited in addition to being chairman of Aisha Steel Mills Limited and Arif Habib DMCC Dubai, alongside his primary function as chief executive of the Arif Habib Corporation Limited, the holding company of the Arif Habib Group. Arif Habib was firmly of the view that an increase in economic activity was the only route to defusing the ticking human population bomb and ensuring that Pakistan’s demographic dividend doesn’t turn into a liability. “We need to encourage a stronger partnership between professionals and entrepreneurs. Allah has blessed us with so much but we are not managing well these blessings. Pakistan has huge potential, and given proper management it can become a welfare state for its people. We need to address the problems of security, corruption and low technology, and focus on the low hanging fruit in the agriculture, construction and information technology sectors. Labour intensive industries will resolve the employment issues.”

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With the oil prices coming down Mr. Habib felt it was time to launch infrastructure projects, but he lamented the prevalence of the extremely low trust culture within which decision makers were fearful of and the many opportunities within it, and cited the shortage of infrastructure as the main hindrance deterring private investment. Funding your dream Following the first tea and coffee break of the day, Jawwad Farid of Risk Solutions took the stage on the issue of funding your dreams. In the midst of all the very valid advice that he proffered, the one which stood out was incubating your project with your own shoestring resources until it achieves critical mass and starts attracting the attention of the marketplace. “If the message that you send out is that you need the money, then you will have problems getting funding. The more desperate you are the greater the difficulty. If the system doesn’t work for you then learn to operate outside of it. For every why you encounter ask why not? Show the world what you see and give them a reason to believe, but don’t hold your breath. The best source of funding could take time to materialize.” The next event on the menu was the granddaddy of the day that gave practical expression to the conference title, entrepreneurship. Moderated by Octara associate Hassan Bin Rizwan (Prymus Technology), eight startups were given three minutes each to make their elevator pitch (so called because that’s how long you have in an elevator to buttonhole a financier) to a panel of judges who would decide a winner and handover a cheque of one hundred thousand rupees to aid project mobilization. The panel of judges comprised Moin Fudda (CIPE), Jawwad Farid (Risk Solutions), and Imran Moinuddin (DotZero & Next Degree). No surprises that 7 of the 8 projects presented were Internet based, catered to the moneyed classes, and were half baked for the most part, except perhaps the one put forward by SmartChoice, shopping made easy, which lost out by one point. The one that got the judges attention and vote dealt in bricks and mortar, as it were, and addressed the concern of the grassroots – a high-tech, scientifically designed vending cart that offered space optimization and would result in street vendors occupying less space on the city pavements and roads, along with adding a pleasing aesthetics dimension to our public spaces. The AeroSync team of young entrepreneurs comprised of students of the Karachi University’s visual arts department, and was over the moon with their success. The Founders’ Pitch had brought to the fore a healthy indicator. A segment of the youth were

using their brains in new path finding ways in their search for self-employment, and thinking

like employers rather than employees, and not looking for ‘secure’ employment shelters. The

million dollar question concerns the extent of this segment of potentially trailblazing youth?

Were these youngsters flashes in the pan? Or were they the front-end of a new and vibrant

trend on the national landscape? Given the sad state of Pakistan’s enabling environment for

new startups, and the national preoccupation with government.

Muhammad Ali Saeed, the CEO of SAOO Capital, was up next providing insights into leading behaviors for entrepreneurs. He started proceedings with putting up the celebrated Apple recruitment advertisement that dated back to 1997 and epitomized the DNA of entrepreneurs. Created by the Los Angeles office of advertising agency TBWA/Chiat/Day, the copy read “Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round

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pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.” So now we know what it takes to be an entrepreneur. The other insight that Muhammad Ali Saeed offered and which stood out from the many others, concerned the story told to him by a grizzled old billionaire sharing space with him on an air trip. It was the enduring story of the hare and the tortoise that every generation has heard. When Muhammad Ali Saeed asked the billionaire the secret of his business success, all he said in reply was that “the tortoise always wins!” that appeared as a self-evident truth. The tortoise does always win no matter how many times the story is told. “But we all want to be the hare!” the billionaire had exclaimed. “We are all drawn to the flash and the dash, whereas it’s always the slow and the steady who win the race!” Sound advice. “Success entails responsibility to pay back to society” – Muhammad Ali Tabba Entrepreneurial behavior was the last session before lunch, and after a generous spread had been partaken of the conference reconvened, and the session in store was a powerful one, powerful enough to keep people wide awake, heavy lunch and full stomachs notwithstanding. Having Qahwa with the interviewer Rafiq Rangoonwala was the interviewee Muhammad Ali Tabba, the CEO of Lucky Cement as well as Yunus Textile Mills, and vice chairman of ICI Pakistan. Mr. Tabba was described by Rafiq Rangoonwala as a man who had stayed humble despite the great success he had enjoyed in life. It was a highly illuminating exchange, and Muhammad Ali Tabba took the gloves off in his appraisal of the national scene, saying that if there was a choice to change something in the past he would choose to change the politicians. He said there were lots of opportunities to be taken advantage of, and there was an urgent need to move away from basic industries, and invest in new ideas and technology, and further expand the service industry. Integrity has become a big challenge in Pakistan he said, and the bane of corruption was causing meritorious professionals to find opportunity outside the country. Passion and integrity are what Mr. Tabba looks for when hiring people, and says that he would not be unduly concerned if his children chose not to join the family business. Striking a work/family balance is not easy, he admits, and takes vacations with his family to beach resorts to unwind. He lives a simple life as per the training of his father and grandfather, and cites his father as the main inspiration in his life. Working out in the gym every day is how Muhammad Ali Tabba manages stress, and believes that staying fit is central to staying productive. Success entails responsibility to pay back to society he says, and in him. society has found a generous philanthropist with extensive engagements in many community welfare projects in the fields of education, health and housing. In his view it’s good to be a workaholic, and when one’s dreams have been achieved he feels one simply raises the bar and dreams some more.

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“Indus Hospital’s success is based on ‘Pukhta Yaqeen’” – Dr. Abdul Bari Khan Dr. Bari is a phenomenon in the field of social entrepreneurship, and was celebrated by the Memon Professional Forum by being invited to speak on ‘community development through innovation.’ Dr. Bari’s brainchild is the Indus Hospital, a premium health care facility for people who do not have the means to pay for quality medical care. Managed by a competent team under his dynamic leadership, the Indus Hospital has treated more than 2.3 million patients since its inception in 2007, and is scaling up rapidly with 900 beds becoming operational by December 2015. The Indus Hospital’s success Dr. Bari attributes to the good intentions of all concerned and their firm belief in Allah’s bounty. It is that which has made possible this vibrant enterprise which is now replicating in smaller towns across Pakistan as well as overseas. His major concern is for the very bad state of health care in the rural areas where doctors refuse to go, and he and his team are in search of innovative solutions to plug the gap. Passion is infectious, he says, and one must walk one’s talk, and pays special tribute to Dr. Saba Jamal whom he says has worked wonders with the blood center at the Indus Hospital. Incentivizing Compassion Next on the agenda was a panel discussion titled ‘Incentivizing Compassion – How to build sustainable social business’. Moderated by Moin Fudda, the participants included Naeem Zamindar (Country Director, Acumen Fund Pakistan), Dr. Abdul Bari Khan (CEO, Indus Hospital), Dr. Asif Imam (Chairman SINA), and Shabbir Bilwani (Director, Agile Offices). These were all good Samaritans who were working against daunting odds in the service of the less served and less privileged. It’s poor political leadership and bad governance notwithstanding, Pakistan has been generously endowed by a large hearted class of wealthy people who have made Pakistan amongst the world’s leading philanthropic nations. The fact that Pakistanis are also amongst the world’s leading tax evaders merely points to a huge trust deficit between the state and its people born of poor political leadership and bad governance. This in turn has led to the phenomenon of the private-public partnership which many see as the state abdicating its responsibility to the people and surrendering space to private initiative. It was a wide ranging discussion that advocated competence, character, integrity, respect, the ability to listen, and a suppression of the ego. Transforming madressahs into centers of modern learning along with religious instruction bore special emphasis, and Sattar Edhi was given a standing ovation for his services to the nation and his inclusion in the Guinness world records book for the largest ambulance network in the world. Capitalizing on rising trends Mohammed Sohail is the CEO of Topline Securities, and ‘Seizing the Opportunity: Capitalizing on Rising Trends in Pakistan’ was the subject of his discourse. Between Dr. Bari of Indus Hospital and the Incentivizing Compassion panel discussion, which had taken up much more than their allotted time, Sohail’s 1605 to 1625 time slot had long gone, with the natives getting restless for the tea and coffee break! But the first slide that he put up had everybody’s attention. If you Google ‘rising trends in Pakistan’ the top three results obtained are rising poverty trend, rising trends of terrorism, and rising trend of violence. The situation is deteriorating for risk takers and entrepreneurs in Pakistan, was Sohail’s view. He also felt that by and large Pakistanis were not competent, nor hardworking, and they were averse to taking risks.

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Fortunately for us there is plenty of hard evidence to the contrary, and Google’s findings are based on a biased and sensation seeking media that bothers not to explore below the surface the rich and vibrant mosaic of a hospitable and industrious nation. To his credit Sohail did admit that Pakistan has a lot of opportunities for creating value and taking calculated risks because of the very big, unexplored, and inefficient market characterized by low productivity and low penetration. The Pakistani consumer story remained intact, he said, due to favorable demographic trends, a growing middle class, rising urbanization, and increasing health awareness. In information technology there were a lot of opportunities for people with creative ideas. New Media and business growth The second tea and coffee break of the day was finally arrived at, and with it began the last item on the agenda for the day, a panel discussion on digital marketing and leveraging the new media for business growth, moderated by Hassan Bin Rizwan (Prymus Technology). The panelists represented the new age corporate warriors with cyberspace as their battleground. There were Faisal Sheikh (GM & Head Digital, Brainchild Pakistan), Salman Hassan (CEO, TCS E-Com), Osama Qassim (CEO, QnE), and Amin Rammal (Director, The Brand Crew). The issues at stake were important. Is digital better than traditional platforms for new startups? What do the digital media offer to startups to get the word out? How do we go beyond the ‘Likes’ and create traction? How do we create engagement without running contests and sweepstakes? What are the ideas for content strategy? How can startups leverage the power of memes to gain reach and engagement? Salman Hassan must have felt a little like Gulliver in the land of the Lilliputians given the giant stature of the TCS brand, and the expectations thereof from TCS E-Com which has hit the ground running with the new TCS product HAZIR as its running-mate. Like in every other sphere of business endeavour in Pakistan, there is great potential in e-commerce. That is what has been historically said about Pakistan, that it has great potential. Translating that potential into actual fact has been another matter altogether, and we have given practical expression, time and again, to the old English saying ‘there is many a slip between the cup and the lip.’ There is a felt need to flip that slip and plug the performance gaps that have bedeviled the attainment of progress and prosperity in Pakistan. Both tiring & exhilarating day! With that we came to the end of proceedings in the midst of much memento presentation and networking. It had been a tiring day, but that wouldn’t hit home until much later. Right now the brain was buzzing and the senses were heightened. The Memon Professional Forum had sounded the bugle amidst

In the end we would like to say that at the time our MC gave consent for organizing a Conference and formed a Committee we all Dared to Dream and after the Conference we are glad that our Dream came True as we are receiving excellent feedback from various persons and organizations which has built an image of our Forum and we are expecting substantial amount of revenue by holding this Conference.

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Diary 2015 Project

S. No: Categories Sponsorship Amount

(Rs.)

Number of Sponsors

1 Gold Sponsor 300,000 3

2 Book Mark 40,000 1

3 Monthly Divider 25,000 9

4 Color Page 20,000 39

5 Black and White 15,000 8

Like earlier years, Diary project was successfully completed also in these years, the Diary dispatch was started from January 09, 2015 and almost all the active members received it before January 20.2015.

The Diary was also dispatched to Sponsors.

Membership Card Project

Like Previous Year Membership Card of the new members and others who requested for same were made during 2014-05 and delivered to them by hand and through courier.

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New Members Inducted During the Term 2014-2015

S. No: Membership No: Names

1 D - 005 Mr. Mohammad Danish Madni

2 F - 041 Mr. Faisal Umer Memon

3 S - 068 Miss Saima Noorani

4 U - 004 Miss Umrana Patel 5 A - 244 Miss Aatira Mushtaq Madraswala

6 H - 032 Mr. Hammad Mustafa

7 A - 246 Mr. Asim Majid Biloo

8 A- 243 Mr. Mohammad Anas Irfan

9 R- 023 Mr. Muhammad Rehan Adhi

10 S - 069 Miss Sara Mukhtar Nailyawala

11 Y - 016 Mr. YasirAnwer

12 F - 042 Mr. Muhammad Faisal Patel

13 I - 040 Mr. Muhammad Irfan Haroon

14 A - 245 Mr. Ahmed Sikander Kappaya

15 M - 426 Mr. Muhammad Taha Dossal

16 M - 425 Mr. Muhammad Arif Dossal

17 T - 006 Mr. Tariq Iqbal Merchant

18 S - 070 Miss Safina Shahid

19 M - 427 Mr. Mohammad Hasan Sakrani

20 A - 247 Mr. Atif Mohammad Ali

21 W - 007 Mr. Waqas Hanif Bandukda

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22 S - 071 Mr. Salman Arif

23 T - 007 Miss Tahmeena Pirwani

24 A - 248 Mr. Adnan Memon

25 A - 249 Mr. Amir Aziz Parwani

26 M - 428 Mr. Mohammad Abid Essani

27 M - 429 Dr. Mehwish Saleem Motiwala

28 A - 250 Mr. Abdul Wahid Pirwani

29 S - 072 Miss Sumera Muaz 30 S - 073 Mr. Salman Khalid

31 M - 430 Mr. Mahboob Popatia

32 R - 024 Mr. Rehan Memon Madraswala

33 R-025 Mr. Riaz Kamlani

34 A - 251 Dr. Aqib Javed Vayani

35 M - 431 Mr. Mustufa Bilwani

36 H - 033 Mr. Haziq Patel

37 F - 043 Dr. Farzana Gaya

38 Z- 010 Mr. Zunnurain Kapaya

39 A-252 Mr. Adnan Karim

40 M-432 Mr. Moin Bilwani

41 M-433 Dr. Mohammad Habib Memon

42 H-035 Mr. Hamza Chhotani

43 H-036 Dr. Hasnain Sakrani

44 A-257 Mr. Abdul Samad

45 M-434 Mr. Mohammad Salman Jangda

46 H-034 Mr. Hameer Arshad Siraj

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47 A-253 Mr. Arif Aziz

48 K-015 Mr. Kashif Mandvia

49 S-074 Mr. Sohail Iqbal

50 M-435 Mr. Mohammad Waqar

51 A-254 Mr. Ali Muhammad Mahenti

52 M-436 Mr. Muhammad Zain

53 A-255 Dr. Arshi Pervez

54 S-075 Dr. Shahida Ashraf

55 A-256 Dr. Amber Mushtaq

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August 05, 2015

Notice of 31st Annual General Meeting

Dear Fellow Members,

Notice is hereby given that the 31st Annual General Meeting of the Memon Professional Forum will be held on Sunday 20th September, 2015 at 11:00 a.m. at MPF Office Plot No: 26-C, 4th Floor, Rahat Commercial Lane-3, DHA Phase VI, Karachi to transact the following Business:

1. Recitation from the Holy Quran. 2. To confirm the minutes of 30th AGM held on 28th September, 2014. 3. To consider and approve the Annual Report for the year 2014-2015. 4. To consider and approve Audited Accounts for the year ended 30th June, 2015. 5. To appoint auditor(s) for the year 2015-2016 and fix their remuneration, if any. 6. Any other matter with the permission of the Chair. 7. To elect Members of Managing Committee for the term 2015-2017. Thanks & Best Regards,

Khalid Latif Honorary Secretary General

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Minutes of 30th Annual General Meeting held on 28th Sept, 2014

At MPF Office, DHA Phase VI, Karachi.

Agenda No. 1 - Recitation from Holy Quran.

The meeting started at 11:00 a.m. with the recitation from Holy Quran by Mr. Mustafa Hanif

Balagamwala. Since, at the start of meeting the quorum was not complete, the meeting was

adjourned for half an hour and than the meeting started at 11:30 a.m.

Agenda No. 2 & 3 - To confirm the minutes of 29th AGM held on 29th September, 2013 and

to discuss matters arising out of said minutes.

Minutes were circulated amongst the members and no matter was raised relating to the

minutes of 29th AGM therefore, it was proposed for approval by Mr. Altaf Lateef and

seconded by Mr. Farooq Kassam Basathia.

Agenda No. 4 - To consider and approve Annual Report and Annual Audited Accounts for

the year ended 30th June, 2014.

29th Annual Report and Audited Accounts for the year ended on 30th June 2014 was published

and distributed by the outgoing MC. The effort of MC was appreciated by the members. A

short documentary highlighting the activities during the year was also shown through

multimedia projector which was appreciated by the members.

There after house took up the review of Audited Accounts for the year ended on 30th June,

2014.

- Starting the discussion Mrs. Farzana Munaf said that she has gone through the financial statements and observed that the Financial Statements are Net Negative. Speaking about the Education Trust Funds she said no efforts were made for recovery of this outstanding

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amount so long. The current MC should take initiative to recover these funds for betterment of the MPF.

Answering Mr. Mahmood Parekh said that we had tried our best for recovery

- Mr. Abdul Qadir Memon said that we have to cross many more miles and make MPF great Forum by doing more programs because you are capable of doing it. A letter of appreciation may also be sent to Dr. Sohail Umerani for paying Rs. 88,000/- amount this year as other may encourage paying their dues. He advised to ask for help and support from those, who can help for recovery of this amount.

- Discussing on Benevolent Fund issue Mr. Mushtaq Ahmed Madraswala said that during my long association with MPF, I have never seen any instance that we have helped any member from Benevolent Fund so the legal opinion may be sought to utilize allocation of these funds in other projects or constitution may be changed accordingly.

- Mr. Abdul Wahid Tejani said that he remembers that in 1999, a family of one of our member had met an emergency and we had helped with an amount of Rs. 25,000/- He further added that resolution may be passed to reserve these funds or otherwise we may soon wash out the funds. Mrs. Farzana Munaf suggested that let this matter be left for the managing committee to resolve.

- Mr. Abdul Wahid Tejani pointed out that in SAB list in Annual Report, name of Mr. Abdul Qadir Memon is not in the list, he is one of the senior member of the Forum. Mr. Mahmood Parekh assured him that we will check the list and we will correct it.

- Mrs. Farzana Munaf said that we can arrange cooking classes or events as we manage to generate funds to make break even by charging event/program fees or through sponsorship and issue letter of thanks to sponsors well in time after the event.

- Members lauded the efforts of Hashim Bhai MPF Ex-Office Manager for his long services he rendered for Memon Professional Forum.

- Mr. Yousuf Patel suggested to pass resolution in favor of Mr. Rizwan Usman for his work throughout the year 2013 -14 as Honorary Secretary General.

- President Mr. Mahmood Parekh also thanked and lauded the efforts of MPF Secretariat who worked hard for AGM, even in absence of Hashim Bhai. The House approved the same as Mr. Abdul Basit Kothari proposed and Mr. Waseem

Raza Patel seconded it.

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Agenda No. 5 - To appoint External Auditor for the term 2014-2015.

The Treasurer Mr. Danish Arif Patel informed the house that M/s. Sikandar & Company

Chartered Accountants have been providing their honorary services as our auditor for the

Past 8 to 9 years. They have consented for Audit of the MPF accounts as External auditor for

next term 2014-2015. As far as fee is concerned they will inform us later.

The house approved a sum of Rs. 10,000/- (Rupees ten thousands per annum). Mr. Khalid

Latif proposed this and Mr. Farooq Kassam Basathia seconded.

Agenda No. 6 - Any other matter with the permission of chair

Mr. Mahmood Parekh appreciated the support and cooperation extended by MC members

meeting highlighted the activities of the MPF taken-up during the year. He thanked the Office

Bearers for the support and co-operation during the year. He also informed the members that

this year our theme of the year was “Do It” and we have assigned each MC members a task to

organize one event at least this year. He said he is thankful to each member of his MC for

supporting and cooperation. He particularly mentioned the issuance of membership card

project and meeting with Mr. Mamnoon Hussain President Islamic Republic of Pakistan. He

specially thanked Diary Committee for Diary 2014 and Mr. Asif Ismail for the 5th Issue of

Network Magazine.

Election Commissioner Mr. Mohammad Yakub Kapadia was requested to chair the house and

to hold the election of Office Bearers. Mr. Mohammad Yakub announced that only 6

nominations papers have been received and they are of following Office Bearers unopposed.

1. Mr. Abdul Aziz Tayabani President 2. Mr. Abdul Hameed Kath Sr. Vice President 3. Mr. M. Rizwan Usman Vice President 4. Mr. Khalid Latif Hon. Secretary General 5. Mr. Mustafa Hanif Balagamwala Joint Secretary 6. Mr. Danish Arif Patel Treasurer

(Later Mr. Danish Arif Patel had resigned and Mr. Abdul Basit Kothari taken in as a

Treasurer)

After the election process, the newly elected President and Office Bearers were invited to

head table. The new Office Bearers introduced themselves individually before the house. Mr.

Abdul Aziz Tayabani newly elected president in his welcome address thanked the MC

members for electing him as President and informed the house about his priorities in coming

year.

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Names of Members who attended the 30th Annual General Meeting

1. Mrs. Farzana Munaf 2. Mr. Muhammed Yakoob Kapadia 3. Mr. Abdul Basit Kothari 4. Mr. Abdul Jabbar Rathod 5. Mr. Mushtaq Ahmed Madraswala 6. Mrs. Rehana Aziz 7. Mr. Ashraf Ayub Mandvia 8. Mr. M. Shoaib Ibrahim 9. Mr. Khalid Latif 10. Mr. Mehmood Parekh 11. Engr. Saleem Rangoonwala 12. Mr. Abdul Qadir Memon 13. Mr. Danish Arif Patel 14. Mr. Farooq Kassam Basathia 15. Mr. Abdul Wahid Tejani 16. Ms. Sadia Iqbal Memon 17. Mr. Mustafa Hanif Balagamwala 18. Mr. Haroon Qassim 19. Mr. Mohsin Adhi 20. Mr. Abdul Hameed Kath 21. Mr. Altaf Hussain 22. Mr. Waseem Raza Patel 23. Arch. Sahreesh Danish 24. Engr. Pervez Abubaker 25. Mr. Abdul Aziz Tayabani 26. Ms. Gul e SharmeenMajeed 27. Architect Shuja Shahid 28. Mr. Saleh Saleem Memon 29. Mr. Younus Bandukda 30. Ms. Sumera Mohamamad 31. Mr. Yousuf Patel 32. Mr. Aftab Munshi 33. Mr. Asif Ismail Mangroria 34. Mr. Ghulam Kasbati 35. Mr. Altaf Lateef 36. Mr. Muhammad Zubair

Mustafa Hanif Balagamwala

Joint Secretary

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ATTENDANCE RECORD OF MC MEMBERS

S. No. Name Designation Present Leave/ Absent Remarks

1 Mr. Abdul Aziz Tayabani President 12 -

2 Mr. Abdul Hameed Kath Senior Vice

President

11 1

3 Mr. M. Rizwan Usman Vice President 9 3

4 Mr. Khalid A. Latif Hon. Secretary

General

12 -

5 Mr. Mustafa Hanif Balagamwala Joint Secretary 12 -

6 Mr. Abdul Basit Kothari Treasurer 10 2

7 Dr. Abdul Rasheed E. Vayani MC Member 7 3 Co-opted In Dec

2014

8 Mr. Abdul Qadir Sultanpurwala MC Member 1 3 Discontinued

9 Mr. Aftab Qutubuddin Munshi

MC Member 7 5

10 Mr. Altaf Lateef MC Member 7 5

Mr. Ashraf Ayub Mandvia MC Member - 4 Expired In

January 2015

11 Mr. Farooq Kassam Basathia MC Member - 3 Resigned In

January 2015

12 Ms. Gul e Sharmeen Majeed

Marfani

MC Member 7 5

13 Engr. Gulzar Ahmed Memon MC Member 7 5

14 Ms. Hena Sadiq MC Member 7 5

15 Mr. Mahmood Parekh MC Member 10 2

16 Mr. Mohammad Shoaib

Ibrahim

MC Member 11 1

17 Mr. Mushtaq Ahmed

Madraswala

MC Member 12 -

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S. No. Name Designation Present Leave/ Absent Remarks

18 Mrs. Rehana Aziz MC Member 12 -

19 Ms. Sadia Iqbal Memon MC Member 7 5

20 Arch. Saleh Saleem Memon MC Member 7 5

21 Arch. Shareesh Danish MC Member - 6 Resigned In May

2015

22 Mr. Mohammad Shafi Zakaria MC Member 2 2 Co-opted in May

2015

23 Mr. Waseem Raza Patel MC Member 11 1

audited accounts for the year ended 30th june, 2015 · 30th annual report for the term 2014-2015...

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