js fund of funds - js investments · (under prevailing tax laws) ... shariah compliance criteria...

JS Fund of Funds (JS FoF) aims to grow investor’s capital by undertaking minimal risk through investing primarily in any of the available collective investment schemes that includes equity, balanced, �xed income, money market, real estate investment trust (REIT) and commodities etc. The Fund may also invest in short term government securities and money market instruments, not exceeding 90 days maturity.

Fund Name JS Fund of Funds (JS FoF) Fund Type & Category Open End –Fund of Fund SchemeRisk Pro�le MediumBenchmark Weighted Average of "Three (3) months PKRV rates", "Six (6) months KIBOR rates" and

"KSE-100 Index", on the basis of actual investment in money market, income and equity schemesMinimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 1.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Fund of Funds”Management Quality Rating AM2 by JCR-VIS

A diverse portfolio of mutual funds; mitigates risk relating to the decisions of a single manager

Investment in desirable institutional Funds

No charges on redemption

Tax e�cient returns and Tax Credit (Under prevailing Tax Laws)

Bene�ts of Investing

Product Summary

AM2 Rated by JCR-VIS

The returns mentioned are on absolute return basis.

* Average Annualized Return since inception as per Morning Star formula

Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is netof management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.

Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not necessarily indicative of the future results.Please read the Offering Document to understand the investment policies and the risks involved.

Returns as at July 31st 2017

Fund

Benchmark

21.37%

15.74%

21.37%

15.74%

FY 2018 Trailing oneyear returns

14.73%*

9.95%*

Since Inception

20%

10%

FY 2013

21%

27%

FY 2014

40%

20%

FY 2015

20%

21%

FY 2016

9%

4%

FY 2017

JS Fund of Funds

JS Fund of Funds aims to grow investor’s capital by undertaking minimal risk through investing pri-marily in any of all the available collective investment schemes that includes equity, balanced, �xed income, money market, real estate investment trust (REIT) and commodities etc. The Fund may also invest in short term government securities and money market instruments.

Bene�ts of Investing• A diverse portfolio of mutual funds; mitigates risk relating to the decisions of a single manager.• Investment in desirable institutional funds• No charges on redemption.• Tax efficient returns and Tax Credit (Under prevailing Tax Laws)

Product SummaryFund Name JS Fund of Funds Fund Type & Category Open End –Fund of Fund Scheme

Risk Pro�le MediumBenchmark Average of asset allocation funds returnsBM FOF#

Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 1.00% (Exclusive of SST & FED)

Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Fund of Funds”

Management Quality Rating AM2 by JCR-VIS

Returns as at January 31st 2017Since Inception FYTD Trailing one year returns FY2012 FY 2013 FY 2014 FY 2015 FY 2016

Fund 398.40%

21.68%* ---- 20% 21% 40% 20% 9%Benchmark 214.73%

20.38%* ---- 10% 27% 20% 21% 4%The returns mentioned are on cumulative return basis.* Annualized returnsPerformance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net of management fee & all other expenses and based on divi-dend reinvestment gross of with-holding tax where applicable.

Disclaimer: All investments in mutual fund are subject to market risks. Past performance is not nec-essarily indicative of the future results. Please read the O�ering Document to understand the invest-ment policies and the risks involved.


JS Income Fund

JS Income Fund (JS IF) is an income fund that aims to preserve investor’s capital while providing a regular stream of current income on an annual basis which is higher than that o�ered by commercial banks on deposits of similar liquidity pro�le as this fund.

The Fund operates a diverse portfolio of investment-grade debt securities, government securities and money market instruments. The fund also maintain liquidity in the form of a bank deposits.

The returns mentioned are on annualized performance basis.

Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is netof management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.



Fund

Benchmark

6.02%6.14%

6.43%6.29%


14.53%16.27%

Since Inception

11%10%

FY 2013

8%10%

FY 2014

11% 9%

FY 2015

6%7%

FY 2016

7%6%

FY 2017

A regular stream of income through government and high quality debt securitiesBetter returns vis-à-vis bank depositsSeek to maintain liquidity and competitive yields

No charges on redemption.Tax e�cient returns and Tax Credit (Under prevailing Tax Laws)


Fund Name JS Income Fund (JS IF)Fund Type & Category Open End –Fixed Income SchemeFund Rating A+ (f )*Risk Pro�le Low-MediumBenchmark Average Return of Six (6) months KIBOR for any period of return Minimum Investment 1 unitFront end Load 1.00%Back end load NilManagement Fee 0.75% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Income Fund”Management Quality Rating AM2 by JCR-VIS

Product Summary

*Rating by PACRA

JS Value Fund

The Fund maintains a portfolio of high yielding equity securities aiming at earnings derived from capital appreciation and dividend income.The portfolio seeks capital growth through investments in listed equity securities with dividend yield potential. To bene�t from changing interest rate environment and some portion of the portfolio is also kept in cash and near cash instruments (excluding TDR) which may include Government securities not exceeding ninety (90) days maturity.

An opportunity to participate in a diverse portfolio ofhigh yielding listed equity securitiesTo bene�t from capital market for maximizinginvestment returns

Aimed at earnings derived from a combination of capitalappreciation and dividend incomeNo charges on redemptionTax e�cient returns and Tax Credit (Under prevailing Tax Laws)

Fund Name JS Value Fund (JS VF)Fund Type & Category Open End –Equity SchemeRisk Pro�le HighBenchmark KSE30 (Total Return Index)Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Value Fund”Management Quality Rating AM2 by JCR-VIS


Product Summary


#10 Years Return (Since inception not available)Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.


The returns mentioned are on absolute return basis.* Average Annualized Return since last ten year as per Morning Star formula


Fund

Benchmark

-0.07%

-1.70%

21.79%

10.35%


11.73%*

6.69%*

Since Inception# 64%

36%

FY 2013

36%

26%

FY 2014

10%

6%

FY 2015

14%

0%

FY 2016

26%

18%

FY 2017

JS Islamic GovernmentSecurities Fund

JS Islamic Government Securities Fund (JS IGSF) is an open end “Shariah Compliant Sovereign Income Scheme” which aims at generating a stable stream of current HALAL income while ensuring low risk and capital enhancement in the medium to long term by investing primarily in Shariah Compliant Government Securities.

Shariah compliance criteria set and monitoredby Shariah AdvisorsRiba free and competitive returnsBetter expected returns compared to bank accounts.At least 70% of investment in Shariah Compliant Government Securities.

Suitable for investors seeking stable returns of halal incomeFlexibility to withdraw your pro�t on monthly, quarterly, semiannual or annual basis*Tax E�cient returns and Tax Credit (Under prevailing Tax laws)*Subject to terms and conditions as specific in the Offering Documents.

Fund Name JS Islamic Government Securities Fund (JS IGSF)Fund Type & Category Open End –Shariah Compliant Sovereign Income SchemeFund Rating AA- (f )*Risk Pro�le Low-MediumBenchmark Average 6 month Placement (Deposit) rate of 3 Islamic Banks (including Islamic windows

of Commercial Banks) Minimum Investment 1 unitFront end Load 1.00%Back end load NilManagement Fee 0.75% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Islamic Govt. Securities Fund”Management Quality Rating AM2 by JCR-VIS*Rating by PACRA


Product Summary


Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported isnet of management fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.


The returns mentioned are on annualized return basis


Fund

Benchmark

-4.64%

4.09%

2.80%

4.19%

Trailing oneyear returns

5.79%

6.73%

Since Inception

6%

7%

FY 2013

9%

7%

FY 2014

6%

8%

FY 2015

4%

5%

FY 2016

4%

4%

FY 2017FY 2018

JS Islamic Fund

JS Islamic Fund (JS ISF) aims to maximize total returns along with capital gain that includes a combination of capital appreciation and dividend income. The Fund invests in Shariah compliant equity securities approved by the Shariah Advisors and can also deposit cash with Islamic Banks/Islamic windows of commercial banks.

Shariah compliance criteria set and monitoredby Shariah AdvisorsInterest free (Riba free)

Tax credit (rebate) to investors under prevailing tax laws

Fund Name JS Islamic Fund (JS ISF)Fund Type & Category Open End –Shariah Compliant-Equity SchemeRisk Pro�le highBenchmark KMI-30 Index Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Islamic Fund”Management Quality Rating AM2 by JCR-VIS


Product Summary


Performance data does not include the cost incurred directly by an investor in the form of sales load etc. The performance reported is net ofmanagement fee & all other expenses and based on dividend reinvestment gross of with-holding tax where applicable.


The returns mentioned are on absolute return basis.* Average Annualized Return since inception as per Morning Star formula


Fund

Benchmark

-0.13%

0.72%

32.90%

12.93%


18.50%*

16.11%*

Since Inception

46%

54%

FY 2013

38%

30%

FY 2014

43%

20%

FY 2015

6%

16%

FY 2016

46%

19%

FY 2017FY 2018

JS Growth Fund

The main objective of JS Growth Fund (JS GF) is to enable the Unit Holders to participate in a diversi�ed portfolio of high quality equity securities listed on the stock exchanges and to maximize the investment return, by prudent investment management. Consistent with its Objective, the Scheme shall predominantly invest in high quality equity securities which have potential of higher expected growth rates.

Well diversi�ed, professionally managed and transparent investment avenue

No charges on redemption


Low cost vis-à-vis individual stock investment

Fund Name JS Growth Fund (JS GF)Fund Type & Category Open End –Equity SchemeRisk Pro�le HighBenchmark KSE30 Index (Total Return Index) Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Growth Fund”Management Qaulity Rating AM2 by JCR-VIS


Product Summary






Fund

Benchmark

0.76%

-1.70%

33.97%

10.35%


12.16%*

6.69%*

Since Inception

57%

36%

FY 2013

40%

26%

FY 2014

12%

6%

FY 2015

4%

0%

FY 2016

38%

18%

FY 2017FY 2018

JS Large Cap. Fund

JS Large Capital Fund (JS LCF) is an open-end Equity Scheme that aims to bene�t from Capital Market to maximize the total investment return consisting of a combination of capital appreciation and dividend income. Consistent with its Investment Objective, the Fund shall invest primarily in equity securities of listed Large-Cap companies with market capitalization of over Rupees one billion. The remaining Funds shall be invested in Authorized Investments including cash and/or near cash instruments which include cash in bank accounts, and Government securities not exceeding ninety (90) days maturity.

Better expected returns through a diverse portfolio ofshares of listed companies of over PKR One BillionMainly bene�ts from capital appreciation anddividend income

No charges on redemption.


Fund Name JS Large Capital Fund (JS LCF)Fund Type & Category Open End –Equity SchemeRisk Pro�le HighBenchmark KSE30 Index (Total Return Index) Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee JS Large Cap. Fund”Management Qaulity Rating AM2 by JCR-VIS


Product Summary






Fund

Benchmark

0.41%

-1.70%

35.78%

10.35%


17.53%*

6.69%*

Since Inception

55%

36%

FY 2013

40%

26%

FY 2014

32%

6%

FY 2015

5%

0%

FY 2016

44%

18%

FY 2017FY 2018

Unit Trust of Pakistan

Unit Trust of Pakistan (UTP) is a balanced fund that aims to preserve and grow investor’s capital in the long term while providing a regular stream of current income on an annual basis. The Fund operates a diverse portfolio of equity and �xed income investments whereby the equity component is meant to provide the growth in capital while dividends on the equity component along with the �xed income investments help generate the current income.

Balanced investment strategyPotential of consistent pro�table returns through e�cient mix of debt and equity investments


Fund Name Unit Trust Pakistan (UTP)Fund Type & Category Open End –Balanced SchemeRisk Pro�le MediumBenchmark Rate of return of KSE-30 Index and six (6) month KIBOR, for any period of return,

on the basis of actual proportions of the portfolio. Minimum Investment 1 unitFront end Load 3.00%Back end load NilManagement Fee 2.00% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “CDC Trustee Unit Trust of Pakistan”Management Qaulity Rating AM2 by JCR-VIS


Product Summary






Fund

Benchmark

-0.01%

-0.97%

20.46%

8.01%


16.66%*

12.69%*

Since Inception

42%

23%

FY 2013

24%

18%

FY 2014

14%

8%

FY 2015

7%

4%

FY 2016

24%

12%

FY 2017FY 2018

JS Cash Fund

JS Cash Fund (JS CF) is an open-end ‘Money Market Scheme’ that mainly invests in low risk short-term �xed income instrumentsincluding money market instruments to provide a regular return to investors while maintaining high liquidity with minimum downside risk. JS CF also manages to seek preservation of capital, liquidity and competitive yields.

Same-day redemption facility available*Better expected returns vis-à-vis bank accountsLow volatility and high liquidity

Entitled to tax credit (rebate) under the prevailing tax lawsNo charges on redemption

Fund Name JS Cash Fund (JS CF)Fund Type & Category Open End –Money Market SchemeFund Rating AA+ (f )*Risk Pro�le Extremely LowBenchmark 70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3)

“AA” rated scheduled Banks as selected by MUF AP Minimum Investment 1 unitFront end Load 1.00%Back end load NilManagement Fee 0.50% (Exclusive of SST & FED)Payment Instruction Cheque or bank draft or pay order, made payable to “MCB FSL Trustee JS Cash Fund”Management Qaulity Rating AM2 by JCR-VIS*Rating by JCR-VIS


Product Summary




The returns mentioned are on annualized return basis.


Fund

Benchmark

4.98%

5.21%

5.66%

5.32%


11.66%

10.76%

Since Inception

9%

9%

FY 2013

8%

9%

FY 2014

9%

8%

FY 2015

6%

6%

FY 2016

6%

5%

FY 2017

*Subject to terms and conditions. However, Constitutive Documents also allowup to 06 working days

FY 2018

Required minimum contribution of PKR 110,000/-.Terms & conditions apply. For details please read clause 5.4 of o�ering Document (Page no. 20)1

20% of Taxable Income; Additional 2% for each year of age exceeding 40 years, subject to a max. Of 30% of the Total Taxable Income of the Preceding year3Lower of 20% of Taxable Income or PKR 1,500,000/-2

AnnualTaxableIncome

(PKR) MutualFunds

PensionFunds

Total TaxCredit (PKR)

Total TaxCredit (%)

Permissible InvestmentFor Tax Credit

Tax Credit

Tax SlabGross Tax

Liablity

2,100,0003,500,0005,000,000

21,000,000

2,100,0003,500,0005,000,000

21,000,000

Slab 5Slab 6Slab 7Slab 8


264,500594,500

1,019,5006,569,500

264,500594,500

1,019,5006,569,500

MutualFunds2

420,000700,000

1,000,0001,500,000

420,000700,000

1,000,0001,500,000

PensionFunds3

420,000700,000

1,000,0004,200,000

630,0001,050,0001,500,0006,300,000

52,900118,900203,900469,250

52,900118,900203,900469,250

52,900118,900203,900

1,313,900

79,350178,350305,850

1,970,850

105,800237,800407,800

1,783,150

132,250297,250509,750

2,440,100

40404027

50505037

J = (I/Bx100)I = ( E + F )F = (DxB/A)E = (CxB/A)(D)(C)(B)(A)

Age 45 Years & Above

Age 40 Years

For Non Salaried Individual

JS Pension Savings FundFund Objective To provide a reliable source of savings and retirement income.Eligibility Any individual holding valid CNIC / NTN / NICOPRetirement age The retirement age for the participants shall be any between sixty and seventy years or

twenty - �ve years since the age of �rst contribution to a pension funds, whichever is earlier.Investment Policy Under the prescribed guidelines of the SECP. Di�erent Asset Allocations available to suit the

Clients retirement goals.Types of Allocation Schemes

Re-Allocation Policy Atleast once a year, reallocation between sub fund shall be carried out by the Pension Fund Manager to bring in line with the allocation scheme selection.

Front-end Fee 3% on all ContributionsManagement Fee 1.5% p.a. on average net assets of each Sub - FundTax Credit Up to 20% of taxable income till age of forty (40) years. or above

Additional 2% p.a. for each year exceeding the age of forty years.Up to a maximum of 30% of the taxable income of the preceding year.

Withdrawal At retirement (including permissible disability), withdraw● 50% lump sum in cash free of any tax● Remaining 50% balance may be utilized to:Purchase an Approved Annuity Plan from a Life Insurance / Takaful Company ORTransfer into an approved income payment plan o�ered by the JSIL

Early Withdrawal Prior to minimum retirement age; subject to applicable tax and zakat

Transfer Transfer part or whole amount to another Pension Fund of your choice

Free Insurance Cover Free accidental death and disability insurance of up to PKR 4 Million

Trustee Central Depository Company of Pakistan Ltd.

Dealing Days & Cut o� time Monday to Friday (3.00pm)

1

High Volatility 20-35 65-80 nil

40-55 35-50 10-25

60-75 10-25 15-30

40-60 nil 40-60

0-100 0-100 0-100

Medium Volatility

Low Volatility

Lower Volatility

Customized Asset Allocation*

You may change your selected Allocation Scheme on an annual basis as per details provided in the O�ering Document.*Customized Asset Allocation Scheme shall have the choice of investing up to 100 percent (i.e. between 0 – 100%) in any Sub-Fund(s).

Allocation Scheme(Select only one)

Sub-Fund Allocation(Specify % in increments of �ve)

Debt Equity Money Market

00

0 0

Total(Ensure total is 100%)

1 0 0

1 0 0

1 0 0

1 0 0

1 0 0

JS Islamic Pension Savings FundFund Name JS Islamic Pension Savings Fund.Fund Objective To provide a reliable Shariah Compliant source of savings and retirement income.Investment Objective Ensure optimum return and reasonable safety of capital by investing in Shariah Compliant

securities and instruments approved by the Shariah Advisory Council.

Eligibility Any individual holding valid CNIC / NTN / NICOPRetirement age The retirement age for the participants shall be any between sixty and seventy years or

twenty - �ve years since the age of �rst contribution to a pension funds, whichever is earlier.Investment Policy Under the prescribed guidelines of the SECP. Di�erent Asset Allocations available to suit the

Clients retirement goals.

Types of Allocation Schemes

Re-Allocation Policy At least once a year, reallocation between sub fund shall be carried out by the Pension Fund Manager to bring in line with the allocation scheme selection.

Front-end Fee 3% on all Contributions.Management Fee 1.5% p.a. on average net assets of each Sub-Fund.Tax Credit Up to 20% of taxable income till age of forty (40) years. or above

Additional 2% p.a. for each year exceeding the age of forty years.Up to a maximum of 30% of the taxable income of the preceding year.

Withdrawal At retirement (including permissible disability), withdraw:● 50% lump sum in cash free of any tax● Remaining 50% balance may be utilized to:Purchase an Approved Annuity Plan from a Life Insurance / Takaful Company ORTransfer into an approved income payment plan o�ered by the JSIL

Early Withdrawal Prior to minimum retirement age; subject to applicable Tax and Zakat.Transfer Transfer part or whole amount to another Pension Fund Manager of your choiceTrustee Central Depository Company of Pakistan Ltd.Dealing Days & Cut o� time Monday to Friday (3.00pm)Shariah Advisors Al- Hilal Shariah Advisory Board.

For Non Salaried Individual

AnnualTaxableIncome

(PKR) MutualFunds

PensionFunds


Total TaxCredit (%)


Tax Credit

Tax SlabGross Tax

Liablity

2,100,0003,500,0005,000,000

21,000,000

2,100,0003,500,0005,000,000

21,000,000



264,500594,500

1,019,5006,569,500

264,500594,500

1,019,5006,569,500

MutualFunds1

420,000700,000

1,000,0001,500,000

420,000700,000

1,000,0001,500,000

PensionFunds2

420,000700,000

1,000,0004,200,000

630,0001,050,0001,500,0006,300,000

52,900118,900203,900469,250

52,900118,900203,900469,250

52,900118,900203,900

1,313,900

79,350178,350305,850

1,970,850

105,800237,800407,800

1,783,150

132,250297,250509,750

2,440,100

40404027

50505037


Lower of 20% of Taxable Income or PKR 1,500,000/-1

20% of Taxable Income; Additional 2% for each year of age exceeding 40 years, subject to a max. Of 30% of the Total Taxable Income of the Preceding year2


Age 40 Years


40-55 35-50 10-25

60-75 10-25 15-30

40-60 nil 40-60

0-100 0-100 0-100

Medium Volatility

Low Volatility

Lower Volatility






00

0 0


1 0 0

1 0 0

1 0 0

1 0 0

1 0 0

JS Islamic Pension Savings FundFund Name JS Islamic Pension Savings FundFund Objective To provide a reliable Shariah Compliant source of savings and retirement income.Investment Objective Ensure optimum return and reasonable safety of capital by investing in securities and

instruments approved by the Shariah Advisory Council.Eligibility Any individual holding valid CNIC or NTN / PassportRetirement age Any age of above 60 years (Client’s choice)Investment Policy Under the prescribed guidelines of the SECP. Di�erent Asset Allocations available to suit the

Clients retirement goalsTypes of Allocation Schemes

Re-Allocation Policy Atleast once a year, reallocation between sub fund shall be carried out by the Pension Fund Manager to bring in line with the allocation scheme selection.

Front-end Fee 3% on all Contributions.Management Fee 1.5% p.a. on average net assets of each Sub-Fund.Tax Credit Up to 20% of taxable income till age of above 40 years.Additional 2% p.a. for each year exceeding the age of forty years.

Up to a maximum of 30% of the taxable income of the preceding year.Withdrawal At retirement (including permissible disability), withdraw:

● 50% lump sum in cash free of any tax● Remaining 50% balance may be utilized to:Purchase an Approved Annuity Plan from a Life Insurance / Takaful Company ORTransfer into an approved income payment plan o�ered by the JSIL.

Early Withdrawal Prior to minimum retirement age; subject to applicable Tax and ZakatTransfer Transfer part or whole amount to another Pension Fund Manager of your choiceTrustee Central Depository Company of Pakistan Ltd.Dealing Days & Cut o� time Monday to Friday (3.00pm)Shariah Advisors Al- Hilal Shariah Advisory Board.

For Salaried Individual

MutualFunds

PensionFunds


Total TaxCredit (%)


Tax Credit

MutualFunds1

PensionFunds2


Lower of 20% of Taxable Income or PKR 1,500,000/-1

20% of Taxable Income; Additional 2% for each year of age exceeding 40 years, subject to a max. Of 30% of the Total Taxable Income of the Preceding year2


Age 40 Years2,100,0002,900,0005,150,000

21,000,000

2,100,0002,900,0005,150,000

21,000,000

Slab 7Slab 8

Slab 11Slab 12

Slab 7Slab 8

Slab 11Slab 12

189,500339,500913,250

5,622,000

189,500339,500913,250

5,622,000

420,000580,000

1,030,0001,500,000

420,000580,000

1,030,0001,500,000

420,000580,000

1,030,0004,200,000

630,000870,000

1,545,0006,300,000

37,90067,900

182,650401,571

37,90067,900

182,650401,571

37,90067,900

182,6501,124,400

56,850101,850273,975

1,686,600

75,800135,800365,300

1,525,971

94,750169,750456,625

2,088,171

40404027

50505037

AnnualTaxableIncome

(PKR)Tax Slab

Gross TaxLiablity


40-55 35-50 10-25

60-75 10-25 15-30

40-60 nil 40-60

0-100 0-100 0-100

Medium Volatility

Low Volatility

Lower Volatility






00

0 0


1 0 0

1 0 0

1 0 0

1 0 0

1 0 0