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The Transportation Unit has been shut down year ago and controversies were proven false and misleading. Judicial decisions had proved that all allegations land Grabbing Case, Investment transactions and others are malicious. The cases were baseless.
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==JS Property==
==JS Property==
JS Property is a holding company of JS Group. It invests in real estate projects.<ref>{{cite web|url=http://www.js.com/real-estate-pakistan.asp |title=JS Group : Real Estate Industry in Pakistan – JS Property – JS Group |publisher=Js.com |accessdate=2 December 2011}}</ref>
JS Property is a holding company of JS Group. It invests in real estate projects.<ref>{{cite web|url=http://www.js.com/real-estate-pakistan.asp |title=JS Group : Real Estate Industry in Pakistan – JS Property – JS Group |publisher=Js.com |accessdate=2 December 2011}}</ref>

==JS Transportation==
JS Transportation has, to date, focussed on the aviation business within Pakistan. JS Aviation was another division of the group set up in 2005. The company offered charter services in Pakistan under the name JS Air, using a small fleet of propeller driven [[Beech]] aircraft with a maximum capacity for 20 odd passengers.
In November 2010 a JS Air [[Beech 1900]] flying from Karachi to [[Dadu, Pakistan|Dadu]] crashed shortly after takeoff killing all 21 people on board,<ref>[http://tribune.com.pk/story/72811/small-plane-carrying-20-crashes-in-karachi/ Small plane carrying 20 crashes]. Tribune.com.pk.</ref> 17 of the passengers, including one from [[Italy]], were employees of the multinational energy company [[Eni]]<ref>[http://www.eni.com/en_IT/media/notes/2010/2010-11-05-plain-crash-in-pakistan.shtml Eni official press release on air crash in Pakistan]. Eni.com.</ref> and were heading to [[Bhit]] Gas field. Due to safety concerns after the accident, the company started losing customers to rivals, which eventually made operations unfeasible and led them to request withdrawal of their Air Operators Certificate (AOC) in March 2011,<ref>[http://www.flightglobal.com/airspace/groups/fleet_and_orders_gossip_shop/blog/archive/2011/03/31/airlines-suspending-operations-js-air-surrenders-aoc.aspx JS Air surrenders operating license]. Flightglobal.com.</ref> JS Air was finally shut down on 5 January 2012. The group has finally decided to close its operations within transportation sector.The main reason is constant loses.<ref>[http://www.newspakistan.pk/2012/01/05/Constant-loses-forces-JS-Air-to-close-its-operation-in-Pakistan/ Constant loses forces JS Air to close its operation in Pakistan]. NewsPakistan.PK.</ref><ref name=JSnews>[http://tribune.com.pk/story/316655/grounded-for-life-one-year-after-crash-js-air-finally-closes-its-doors/ JS Air closes its doors]. Tribune.com.pk.</ref>


==Acquisition of HSBC Pakistan==
==Acquisition of HSBC Pakistan==
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==Controversies==
==Controversies==
===Land grabbing case proved baseless and fake<ref>[http://www.nation.com.pk/E-Paper/lahore/2012-03-27/page-17 ePaper]. The Nation (27 March 2012).</ref>===
===Land grabbing case and decision===
In December 2010, prominent members of the JS group including the CEO Jahangir Siddiqui were placed on the [[Exit Control List]] (ECL) for alleged [[land grabbing]] in [[Karachi]]. The names of Jahangir Siddiqui’s wife, Mehwish Siddiqui, his son, Ali Jahangir Siddiqui, and his brother Zahid Siddiqui had also been placed on the ECL, which alleged that Jahangir Siddiqui had illegally occupied a plot of 1,000 square yards in [[Karachi]] in connivance with the owner of an estate agency, using forged documents.<ref name="thenews.com.pk">[http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=19414&Cat=4 Land grabbing scam, Qadeer Tanoli, The News, Thursday, December 09, 2010]. Thenews.com.pk (9 December 2010).</ref><ref>[http://tribune.com.pk/story/87352/jahangir-siddiquis-name-in-fir-for-land-grabbing/ Jahangir Siddiqui’s name in FIR for land grabbing, Imran Hafeez, The Tribune, International Herald Tribune, December 8, 2010]. Tribune.com.pk.</ref> Additional Executive District Officer (AEDO) Revenue Mustafa Jamal Qazi maintained that it had become a practice that land that was awarded to the government was being grabbed by "land mafia...for its vested interests."<ref name="thenews.com.pk"/> Pakistan's Anti-Corruption Establishment arrested several in conjunction with the case in December.<ref>[http://www.dawn.com/2010/12/14/cdgk-official-gets-bail-in-land-scam-case-2.html CDGK official gets bail in land scam case, Dawn News, December 13, 2010]. Dawn.com (14 December 2010).</ref>
In December 2010, prominent members of the JS group including the CEO Jahangir Siddiqui were placed on the [[Exit Control List]] (ECL) for alleged [[land grabbing]] in [[Karachi]]. The names of Jahangir Siddiqui’s wife, Mehwish Siddiqui, his son, Ali Jahangir Siddiqui, and his brother Zahid Siddiqui had also been placed on the ECL, which alleged that Jahangir Siddiqui had illegally occupied a plot of 1,000 square yards in [[Karachi]] in connivance with the owner of an estate agency, using forged documents.<ref name="thenews.com.pk">[http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=19414&Cat=4 Land grabbing scam, Qadeer Tanoli, The News, Thursday, December 09, 2010]. Thenews.com.pk (9 December 2010).</ref>
Siddiqui sued a group of individuals including the Anti-Corruption Establishment director and a member of EDO Revenue for [[defamation]], indicating that the Citizens-Police Liaison Committee had evaluated land in 2001 and found the ownership of the property legal.<ref name=Politically>[http://tribune.com.pk/story/88755/jahangir-siddiqui-case-politically-motivated-harassment-alleged/ Jahangir Siddiqui Case Politically Motivated]. Tribune.com.pk.</ref> In response the defamation claim, the Sindh High Court issued notices to the defendants, and they were summoned to appear before the court on 5 January 2011.<ref>[http://tribune.com.pk/story/97462/defamation-jahangir-siddiqui-sues-for-rs5b/ Defamation: Jahangir Siddiqui sues for Rs5b, The Express Tribune, January 1, 2011]. Tribune.com.pk (1 January 2011).</ref> The court issued a restraining order preventing the defendants from "media attack" pending settlement of the matter.<ref name=Politically/> The ''[[Pakistan Observer]]'' characterised these events as a "character assassination campaign" against Siddiqui.<ref>[http://pakobserver.net/detailnews.asp?id=66160 Harassment of a Role Model, Pakistan Observer]{{dead link|date=September 2012}}</ref>
Siddiqui sued a group of individuals including the Anti-Corruption Establishment director and a member of EDO Revenue for [[defamation]], indicating that the Citizens-Police Liaison Committee had evaluated land in 2001 and found the ownership of the property legal.<ref name=Politically>[http://tribune.com.pk/story/88755/jahangir-siddiqui-case-politically-motivated-harassment-alleged/ Jahangir Siddiqui Case Politically Motivated]. Tribune.com.pk.</ref> In response the defamation claim, the Sindh High Court issued notices to the defendants, and they were summoned to appear before the court on 5 January 2011.<ref>[http://tribune.com.pk/story/97462/defamation-jahangir-siddiqui-sues-for-rs5b/ Defamation: Jahangir Siddiqui sues for Rs5b, The Express Tribune, January 1, 2011]. Tribune.com.pk (1 January 2011).</ref> The court issued a restraining order preventing the defendants from "media attack" pending settlement of the matter.<ref name=Politically/> The ''[[Pakistan Observer]]'' characterised these events as a "character assassination campaign" against Siddiqui.<ref>[http://pakobserver.net/detailnews.asp?id=66160 Harassment of a Role Model, Pakistan Observer]{{dead link|date=September 2012}}</ref>
On 29 November 2011 the court ruled that the allegations were "false and baseless" and that such cases should not be filed in the future.<ref>[http://www.nation.com.pk/E-Paper/lahore/2012-03-27/page-17 ePaper]. The Nation (27 March 2012).</ref>
On 29 November 2011 the court ruled that the allegations were "false and baseless" and that such cases should not be filed in the future.<ref>[http://www.nation.com.pk/E-Paper/lahore/2012-03-27/page-17 ePaper]. The Nation (27 March 2012).</ref>


===Unauthorized investment transactions was misleading news<ref>[http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/ Right of Reply]</ref><ref name="thesundayleader2">{{cite web|url=http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/ |title=Right of Reply &#124; The Sunday Leader |publisher=Thesundayleader.lk |accessdate=2 December 2011}}</ref> ===
===Unauthorized investment transactions===
In 2007, a Sri Lankan newspaper published allegations against JS Group Company (JSGCL) for unauthorised investment transactions. The newspaper claimed that it has achieved some inside information about the case.<ref name="Thesundayleader.lk">{{cite web|url=http://www.thesundayleader.lk/2011/01/02/massive-fraud-and-insider-trading-uncovered-in-pakistan/ |title=Massive Fraud And Insider Trading Uncovered in Pakistan &#124; The Sunday Leader |publisher=Thesundayleader.lk |accessdate=2 December 2011}}</ref> SECP has found that the Jahangir Siddiqui Group (JS Group) is guilty of illegal stock [[market manipulation]] and insider trading.<ref name="Thesundayleader.lk"/>
In 2007, a Sri Lankan newspaper published allegations against JS Group Company (JSGCL) for unauthorised investment transactions. The newspaper claimed that it has achieved some inside information about the case.<ref name="Thesundayleader.lk">{{cite web|url=http://www.thesundayleader.lk/2011/01/02/massive-fraud-and-insider-trading-uncovered-in-pakistan/ |title=Massive Fraud And Insider Trading Uncovered in Pakistan &#124; The Sunday Leader |publisher=Thesundayleader.lk |accessdate=2 December 2011}}</ref> SECP has found that the Jahangir Siddiqui Group (JS Group) is guilty of illegal stock [[market manipulation]] and insider trading.<ref name="Thesundayleader.lk"/>
The allegations said that JSGCL failed to comply with the requirement of the notification by non-providing the required information to its [[shareholders]] in the general meetings of the company.<ref name="Thesundayleader.lk"/>
The allegations said that JSGCL failed to comply with the requirement of the notification by non-providing the required information to its [[shareholders]] in the general meetings of the company.<ref name="Thesundayleader.lk"/>

===Rejoinder to the allegations===
[[The Sunday Leader]] report of "Massive Fraud and Insider Trading Uncovered in Pakistan" was denied by JSGCL as a Letter to the Editor.<ref name="thesundayleader2">{{cite web|url=http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/ |title=Right of Reply &#124; The Sunday Leader |publisher=Thesundayleader.lk |accessdate=2 December 2011}}</ref> Head of Media Relations, JS Bank responded to allegations by the Sunday Leader regarding fraud and insider trading. Mr. Shaikh termed the allegations as "absolutely false, misleading and concocted" and therefore, denied them. He also stressed that no report by SECP exists which alleges that JS Group was involved in insider trading and that no proper inquiry had been made by the reporter before publishing the news item which damaged the reputation of JS Group internationally.<ref>[http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/ Right of Reply]</ref>
[[The Sunday Leader]] report of "Massive Fraud and Insider Trading Uncovered in Pakistan" was denied by JSGCL as a Letter to the Editor.<ref name="thesundayleader2">{{cite web|url=http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/ |title=Right of Reply &#124; The Sunday Leader |publisher=Thesundayleader.lk |accessdate=2 December 2011}}</ref> Head of Media Relations, JS Bank responded to allegations by the Sunday Leader regarding fraud and insider trading. Mr. Shaikh termed the allegations as "absolutely false, misleading and concocted" and therefore, denied them. He also stressed that no report by SECP exists which alleges that JS Group was involved in insider trading and that no proper inquiry had been made by the reporter before publishing the news item which damaged the reputation of JS Group internationally.<ref>[http://www.thesundayleader.lk/2011/02/27/right-of-reply-7/ Right of Reply]</ref>

===Involvement in share manipulation===
The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against JS Group Companies on alleged manipulation of share price of Azgard Nine Limited (ANL). The complaint number "242 of 2013" filed in the Sessions High Court of Session Judge Karachi - South names the following JS Group Companies: JS Global Capital Limited, Jahangir Siddiqui & Co. Ltd., Jahangir Siddiqui & Sons Ltd., Jahangir Siddiqui Security Services Ltd. and JS Investments Limited.

The SECP submitted terms of section 24 of the Securities and Exchange Ordinance, 1969 whereby the share price and volume of the ANL shares were artificially increased through criminal manipulation in terms of section 17.
The complaint highlighted trading in 73 different sessions, taking place between April 2 and July 13, 2007 with unusual hikes in trading volume and the price of ANL shares were noticed on the Karachi Stock Exchange.
<ref> [http://www.pakistantoday.com.pk/2013/04/17/news/national/market-manipulation-secp-drags-23-big-brokerage-entities-to-court/#sthash.IS5GRGXD.dpuf Pakistan Today, April 17 2013] </ref> <ref> [http://www.brecorder.com/top-stories/0/1175643/ Business Recorder, April 17, 2013] </ref>

===Notice against extraordinary bonus to non-exec director===
On April 1, 2013, The Securities and Exchange Commission of Pakistan (SECP) took action against Jahangir Siddiqui & Company Limited (JSCL) for awarding over $4.3 million to son of Jahangir Siddiqui namely Ali Jehangir Siddiqui, a non-executive director, under the head of advisory fee, upon the complaints of shareholders. <ref> [http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/business/02-Apr-2013/secp-takes-action-against-company The Nation. Apr 02, 2013] </ref> <ref> [http://www.brecorder.com/market-data/stocks-a-bonds/0/1169774/ Business Recorder Pakistan] </ref> <ref> [http://www.economyage.com/2013/04/breaking-secp-issues-notice-to-jahangir-siddiqui-company-for-paying-rs-43-crore-to-ceos-so/ Economy Age Website] </ref> <ref> [http://dawn.com/2013/04/02/jscl-asked-to-explain-rs431m-advisory-fee/ Dawn, April 02, 2013] </ref> <ref> [http://www.bdoebrahim.com.pk/index.php?option=com_content&task=view&id=489&Itemid=0 BDO Stoy Hayward Pakistan] </ref>

===Case against Sprint Energy (Owned by JS Group)===
Four cases of committing acts of fraud, misappropriation and misrepresentation were registered against Sprint Energy (a company of JS Group) on September 27th 2013, for submitting fake 'No Objection Certificates' of [[SNGPL]] in November 2009 in order relocate four of its CNG stations in Punjab. JS and Sons (Pvt.) Limited hold 60% shares in the company. <ref> [http://tribune.com.pk/story/610576/huge-scandal-cng-stations-scam-unearthed/ Express Tribune. September 28th, 2013] </ref> <ref> [http://www.brecorder.com/fuel-a-energy/193/1235377/ Business Recorder September 28th, 2013] </ref>


==International operations==
==International operations==

Revision as of 12:22, 30 January 2014

JS Group
Company typePrivate
IndustryFinancial services
Founded1971 (1971)
Headquarters7F, The Forum, Khayaban-e-Jami, Karachi, Pakistan
Area served
Pakistan
ServicesFinance and Insurance
Asset Management
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Number of employees
23,000
Websitewww.js.com

JS Group is a financial services group in Pakistan. JS Group controls and operates financial services companies in Pakistan. Financial services of JS Group include asset management, commercial banking, company research, insurance, investment banking, Islamic banking, micro finance, and stock brokerage. JS Group also has investments throughout Pakistan's economy, in the industrial sector, technology and media sectors, commercial real estate, energy and natural resources. JS Group has its headquarters in Karachi.[1]

History of JS group

JS Group's was founded in 1971 by Jahangir Siddiqui.[2]

Business sectors

JS Group has five businesses: JS Industrial, JS Infocom, JS Property, JS Resources and JS Transportation.[3]

JS Financial

JS provides financial services in commercial banking, asset management, private equity, investment banking, securities brokerage, company research, insurance, Islamic banking and finance, and micro finance. Companies operated by JS financial are:

  • Jahangir Siddiqui & Co. Ltd. (JS&Co)
  • JS Global Capital Limited (JSGCL)
  • JS Bank Limited (JSBL)
  • JS Investments Limited
  • EFU Insurance Group
  • Bank Islami

Companies operated by JS Financial

Jahangir Siddiqui & Co. Ltd

Jahangir Siddiqui & Co. Ltd. was incorporated (under Companies Ordinance 1984) in 1991 as public unquoted company.[4][5] The Company is presently listed on Karachi Stock Exchange. The company is also a corporate member of Karachi Stock Exchange and Islamabad Stock Exchange. JS Group's principal activities are trading of securities, maintaining strategic investments, consultancy services, underwriting, etc. The company has a long term rating of AA (Double A) and short term rating of A1+ (A one plus) assigned to it by Pakistan Credit Rating Agency.[6][7] Jahangir Siddiqui & Co. Ltd. and its subsidiary companies are involved in trading of securities, maintaining strategic investments, investment advisory, brokerage, asset management, agency telecommunication, commercial banking, power generation and other businesses.[8] Jahangir Siddiqui & Co posted a profit (after tax) of Rs 2,352 million in 2012.[9]

JS Bank Limited

JS Bank is a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd. and currently operates 185 branches in 101 cities with a total asset base of Rs 64.53 billion as of 30 June. It has a primary dealer license for government securities from the State Bank of Pakistan.[10] According to a press release, the long-term entity rating of JS Bank Limited (JSBL) has been promoted to ‘A+’ (Single a Plus) by Pakistan Credit Rating Agency (PACRA).[11] JS Bank was formed after the merger and amalgamation of Jahangir Siddiqui Investment Bank Limited and commercial banking operations of American Express Bank Ltd Pakistan. JS Bank Limited commenced operations in Pakistan as a fully scheduled bank on 30 December 2006.[12] JS Bank’s consolidated profits (after tax) for the year 2012 were Rs 819 million.

Bank Islami

Dubai Bank was one of the founding shareholders of Bank Islami which invested 18.75% in the total capital.[13][14] Bank Islami is the joint venture project of three groups namely Jahangir Siddiqui & Co. Pakistan, Randeree family, & Dubai Bank.[15] The State Bank of Pakistan issued a No Objection Certificate on 19 August 2004 and Bank Islami Pakistan Limited, the second full-fledge Islamic Commercial Bank in Pakistan, was incorporated on 18 October 2004 in Pakistan.[16]

JS Investments Limited

Founded in 1995, JS Investments Limited is a private sector asset management company in Pakistan. The company is listed on the Karachi Stock Exchange and is a part of JS Group.[17]

EFU Life

JS Group has holdings in EFU Life.

JS Industrial

  • Al Abbas Industries – Steel, Chemicals and Fiber Board
  • Al Abbas Sugar Mills – Sugar and Ethanol
  • Pakistan International Container Terminals (PICT)

JS Property

JS Property is a holding company of JS Group. It invests in real estate projects.[18]

Acquisition of HSBC Pakistan

JS Bank is a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd. and currently operates 160 branches in 85 cities with a total asset base of Rs 64.53 billion as of 30 June. The bank is likely to buy out HSBC Bank Middle East Ltd’s Pakistan branches and their assets. According to NASDAQ and Wall Street Journal, HSBC Bank Middle East Ltd. has entered into an agreement to sell its banking business in Pakistan to JS Bank Ltd[19][20] HSBC Pakistan has over Rs 46 billion in deposits with 10 branches nationwide. HSBC Pakistan has sustainable growth with PKR 971 million profit during the year 2011. According to local newspaper, acquisition of HSBC Pakistan is expected to help JS Group maintain its efforts to build the brand of a stable, high-quality financial institution.[21]

Public relations and awards

The State Bank of Pakistan recently, 2nd year in a row has declared JS Bank as the number 1 primary dealer of government securities for the year 2011–12. [22] In 2011, JS Bank was ranked by State Bank of Pakistan for being the No 1 primary dealer.[23] In 2011, JS Bank organised the first ever day and night women T-20 tournament in Pakistan which was a roaring success.[24] In 2009, JS Private Equity was among 49 companies to receive an award at the 6th Annual Environment Excellence Awards, organised by National Forum for Environment and Health (NFEH).[25]

Controversies

Land grabbing case proved baseless and fake[26]

In December 2010, prominent members of the JS group including the CEO Jahangir Siddiqui were placed on the Exit Control List (ECL) for alleged land grabbing in Karachi. The names of Jahangir Siddiqui’s wife, Mehwish Siddiqui, his son, Ali Jahangir Siddiqui, and his brother Zahid Siddiqui had also been placed on the ECL, which alleged that Jahangir Siddiqui had illegally occupied a plot of 1,000 square yards in Karachi in connivance with the owner of an estate agency, using forged documents.[27] Siddiqui sued a group of individuals including the Anti-Corruption Establishment director and a member of EDO Revenue for defamation, indicating that the Citizens-Police Liaison Committee had evaluated land in 2001 and found the ownership of the property legal.[28] In response the defamation claim, the Sindh High Court issued notices to the defendants, and they were summoned to appear before the court on 5 January 2011.[29] The court issued a restraining order preventing the defendants from "media attack" pending settlement of the matter.[28] The Pakistan Observer characterised these events as a "character assassination campaign" against Siddiqui.[30] On 29 November 2011 the court ruled that the allegations were "false and baseless" and that such cases should not be filed in the future.[31]

Unauthorized investment transactions was misleading news[32][33]

In 2007, a Sri Lankan newspaper published allegations against JS Group Company (JSGCL) for unauthorised investment transactions. The newspaper claimed that it has achieved some inside information about the case.[34] SECP has found that the Jahangir Siddiqui Group (JS Group) is guilty of illegal stock market manipulation and insider trading.[34] The allegations said that JSGCL failed to comply with the requirement of the notification by non-providing the required information to its shareholders in the general meetings of the company.[34] The Sunday Leader report of "Massive Fraud and Insider Trading Uncovered in Pakistan" was denied by JSGCL as a Letter to the Editor.[33] Head of Media Relations, JS Bank responded to allegations by the Sunday Leader regarding fraud and insider trading. Mr. Shaikh termed the allegations as "absolutely false, misleading and concocted" and therefore, denied them. He also stressed that no report by SECP exists which alleges that JS Group was involved in insider trading and that no proper inquiry had been made by the reporter before publishing the news item which damaged the reputation of JS Group internationally.[35]

International operations

The group has offices throughout the major cities in Pakistan and manages its international operations from its London and Dubai offices. The group comprises businesses with over 23000 employees and profit after tax of $510 million in 2007.[36]

Partnerships

JS Group has grown over the last four decades partly by forging successful partnerships with international, world-class organisations and brands to develop new businesses in Pakistan. Examples of JS Group partnerships in Pakistan include:

See also

References

  1. ^ "JS Group : JS Group: Pakistan Financial Services". Js.com. Retrieved 2 December 2011.
  2. ^ "JS Group". LinkedIn. 7 November 2011. Retrieved 2 December 2011.
  3. ^ JS Group : About JS Group. Js.com.
  4. ^ Non-Banking Finance Companies | Accountancy Education Article. Accountancy.com.pk.
  5. ^ Jahangir Siddique & Company Limited – Annual Reports. PakSearch.com.
  6. ^ The Pakistan Credit Rating Agency Limited. PACRA.
  7. ^ http://www.js.com/uploads/JSCLHalfYearlyReportDecember312011.pdf
  8. ^ http://www.js.com/uploads/JSCL1stQtrReport30Sep2011.pdf
  9. ^ Annual Report: http://www.js.com/uploads/JSCLAnnualReport2012.pdf
  10. ^ JS Bank declared No 1 PDs. The Nation (6 July 2012).
  11. ^ Pacra upgrades JS Bank ratings. The Nation (30 June 2012).
  12. ^ JS Bank Limited | Pakistan | Company Profile. Securities.com (30 December 2006).
  13. ^ Brand Management (BRAND AUDIT) BankIslami. Scribd.com.
  14. ^ Corporation, Nexus. (6 February 2012) JS Group: Financial Business Unit. Jahangir-siddiquigroup.blogspot.com.
  15. ^ About Us. BankIslami.
  16. ^ Bank Islami Pakistan Limited | Pakistan | Company Profile. Securities.com.
  17. ^ JS Investments announces Total Payout of over Rs. 1.2 billion in Open End Funds for FY11 – Press Release Pakistan. Pressrelease.pk.
  18. ^ "JS Group : Real Estate Industry in Pakistan – JS Property – JS Group". Js.com. Retrieved 2 December 2011.
  19. ^ NASDAQ http://www.nasdaq.com/article/hsbc-to-sell-its-business-in-pakistan-20120910-00884
  20. ^ HSBC Bank Middle East to Sell Banking Business In Pakistan To JS Bank – WSJ.com. Online.wsj.com (10 September 2012).
  21. ^ Express Tribune| http://tribune.com.pk/story/435028/the-crown-jewels-js-bank-to-buy-out-hsbcs-pakistan-operations/
  22. ^ ePaper. The Nation (19 July 2012).
  23. ^ http://www.sbp.org.pk/press/2011/PrimaryDealers-28-Jun-11.pdf
  24. ^ JS Banks womens T20 tournament. The Nation (29 June 2011).
  25. ^ 49 companies awarded on best environment performance. – Free Online Library. Thefreelibrary.com.
  26. ^ ePaper. The Nation (27 March 2012).
  27. ^ Land grabbing scam, Qadeer Tanoli, The News, Thursday, December 09, 2010. Thenews.com.pk (9 December 2010).
  28. ^ a b Jahangir Siddiqui Case Politically Motivated. Tribune.com.pk.
  29. ^ Defamation: Jahangir Siddiqui sues for Rs5b, The Express Tribune, January 1, 2011. Tribune.com.pk (1 January 2011).
  30. ^ Harassment of a Role Model, Pakistan Observer[dead link]
  31. ^ ePaper. The Nation (27 March 2012).
  32. ^ Right of Reply
  33. ^ a b "Right of Reply | The Sunday Leader". Thesundayleader.lk. Retrieved 2 December 2011.
  34. ^ a b c "Massive Fraud And Insider Trading Uncovered in Pakistan | The Sunday Leader". Thesundayleader.lk. Retrieved 2 December 2011.
  35. ^ Right of Reply
  36. ^ "JS Group : About JS Group". Js.com. Retrieved 2 December 2011.
  37. ^ "JS Group : Partnerships". Js.com. Retrieved 2 December 2011.