It gives me immense pleasure to welcome you to the world of the AKD Group. Despite having grown from humble beginnings to a multi-industry business group over the last 40 years, we remain firmly rooted to our founder's basic philosophy that the customer is our raison d'etre.
This unwavering focus on meeting the needs of our clients pervades all aspects of our strategy, operations and services. From unmatched research and brokerage services for domestic and foreign institutional investors, to an online stock trading platform for retail clients, to investment banking services for blue chip businesses, to telecom services and real estate development, our byword is customer care.
Pakistan is undergoing a transformation. The economic policies and restructuring program of the Government are beginning to bear fruit. Fiscal year 2004-05 witnessed record real GDP growth of 8.4%. Per capita GDP grew to US$ 736 in FY05 from US$ 526 in FY00; exports reached US$ 14.5 bn in FY05 versus US$ 9.2 bn five years ago; foreign debt came down to 33% of GDP from 52% over the same period.
Foreign exchange reserves swelled to over US$ 11.0 bn by December 2005 from a mere US$ 2.6 bn in June 2000. These are significant achievements and credit is due to the highly experienced and internationally recognized team of technocrats.
I am confident that Pakistan's economy is now on a sustainable high growth path. AKD Group remains committed to supporting Government policies and assisting our clients to partake of the unfolding investment opportunities in a broad spectrum of economic sectors in the country.At AKD Group, we strongly believe in sharing our success with our fellow citizens who are less fortunate. Accordingly, we endeavor to contribute generously towards philanthropic activities, especially in the fields of modern education and health, and encourage all members of our business organizations to do likewise.
I invite you to go through this profile of AKD Securities Ltd. and assure you of our utmost attention and care should you wish to avail any of our services.
Aqeel Karim Dhedhi