Credentials Telecom Sector

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Focused Telecom Sector Credentials Assignment Name: Restructuring of accounting & financial system of CDR Approx. value of the contract (in current US$): Phase I: USD 1,200,000 Phase II: USD 690,000 Country: Lebanon Location within Country: Beirut Duration of assignment (months): Phase I: 1 year; Phase II: 9 months Name of Client: Council for Development and Reconstruction Total device months for the task: 12 Address: Beirut – Saray- Downt Town, CDR Building Approx. value of the services provided by your firm under the contract (in current US$): Phase I: USD 1,200,000; Phase II: USD 690,000 Phase I:Start date: June 2012 Completion: June2013 Phase II:Start date: June2014- Completion: April2015 Professional staff- provided by associated Advisors: N/A Name of associated Advisors, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar Narrative Description of Project: Grant Thornton provided an Agreed Upon Procedures-Opening Balance Correction (OBC) assignment with regard to the migration of another accounting system implemented by the Council for Development & Reconstruction (CDR). Description of actual services provided by your staff within the assignment: Grant Thornton performed an assessment of the migration of contract data from the CSR (Contract Summary Reports) extracted from CDR’s older project contract system and onto the new program CDR has implemented. Grant Thornton’s work and output mainly encompassed the following:

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Transcript of Credentials Telecom Sector

Page 1: Credentials Telecom Sector

Focused Telecom Sector Credentials

Assignment Name: Restructuring of accounting & financial system of CDR

Approx. value of the contract (in current US$):Phase I: USD 1,200,000Phase II: USD 690,000

Country: LebanonLocation within Country: Beirut

Duration of assignment (months):Phase I: 1 year; Phase II: 9 months

Name of Client: Council for Development and Reconstruction

Total device months for the task: 12

Address: Beirut – Saray- Downt Town, CDR Building

Approx. value of the services provided by your firm under the contract (in current US$):Phase I: USD 1,200,000; Phase II: USD 690,000

Phase I:Start date: June 2012Completion: June2013 Phase II:Start date: June2014-Completion: April2015

Professional staff- provided by associated Advisors:N/A

Name of associated Advisors, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Grant Thornton provided an Agreed Upon Procedures-Opening Balance Correction (OBC) assignment with regard to the migration of another accounting system implemented by the Council for Development & Reconstruction (CDR).Description of actual services provided by your staff within the assignment:Grant Thornton performed an assessment of the migration of contract data from the CSR (Contract Summary Reports) extracted from CDR’s older project contract system and onto the new program CDR has implemented. Grant Thornton’s work and output mainly encompassed the following: Vouching the payments on the older program to the current one. This process ensures that

all payments as per the older system (especially the movement of domestic and foreign funds) are properly identified and classified as per the new system and requirements.

Clearly identifying any sources of discrepancies between the older program and new program payments/disbursements.

Review all payments together with the related supporting documents. Ensuring that all payments on the current program are properly disbursed as per the Debt

Management and Financial Analysis System (DMFAS).Drawing a conclusion regarding the above findings, and providing the plan of action for modification of the findings.

Assignment Name: RCG Operational Improvement Services

Approx. value of the contract (in current US$): 60,868

Country: Lebanon Duration of assignment (months): 10

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Location within Country: BeirutName of Client: RCG Total device months for the task: 10Address: Approx. value of the services provided by

your firm under the contract (in current US$): 60,868

Start Date (Month/Year): Aug 2009 Completion Date (Month/Year): June 2010

N2 of professional staff-months provided by associated Advisors:N/A

Name of associated Advisors, if any:N/A

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Grant Thornton Lebanon conducted operational improvement services and business process re-engineering to RCG SARL. The objectives were divided into several phases identified below.Description of actual services provided by your staff within the assignment:Phase 1: Assessed the current Overall Business functions (Departments) and to come up with a detailed factual memorandum, where we: Interviewed staff for their roles in each department Reviewed the AS-IS Business cycles per department and function Set our recommendations Drafted a Factual Memorandum

Developed the ultimate (“RCG”) organizational structure with the related job descriptions per position along with the matrix of authorities. To achieve this, we undertook the following tasks:

Staff and Management Evaluation: Evaluating, staff working between departments/ sectors and management sectors in addition to the testing of the Group’s need in regards to staff requirements.

AS-IS Organizational Chart & Job Descriptions Preparation: Mapping (Flowcharting) TO-BE Job Descriptions and Organizational Chart Compensation Structure Preparation (According to the local regulation) Reporting Lines Definition within each Job Description Draft Human Resource Manual Matrix of Authorities Preparation and issuance in its final formDeveloped & designed (“RCG”) core business processes and procedures in addition to defining with management the related polices to come up with relevant manuals that will eventually serve as solid grounded basis for (“RCG”) operational aspect. To achieve this, we undertook the following: Internal Audit Procedures Manual -Flowcharting and Narration of Business Processes Administration Policies and Procedures Manual- Flowcharting and Narration of Business

Processes Procurement Procedures Manual- Flowcharting and Narration of Business Processes Legal Office Policies and Procedures Manual- Flowcharting and Narration of Business

Processes Marketing & Public Relations Policies and Procedures Manual- Flowcharting and Narration

of Business Processes

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Accounting and Finance Policies and Procedures Manual- Flowcharting and Narration of Business Processes

Tendering Policies and Procedures Manual- Flowcharting and Narration of Business Processes

Foreign Affairs Policies and Procedures Manual CO-Development- Flowcharting and Narration of Business Processes.

Assignment Name: Buy Side Advisory Services for acquisition of Wi-Tribe Pakistan

Approx. Value of Contract(in Current US$): USD 10,500

Country:PakistanLocation within Country: Pakistan

Duration of assignment: 2 months

Name of Client: Sky Telecom FZE Total Device month for the task:2 monthsAddress: Islamabad Approx. Value of Services (in Current US$):

USD 10,500 Start DateSeptember 2014

Completion Date October 2014

Number of the Technical staff provided by partners consultants:

Name of Associated Consultants, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: The objective of this exercise was to provide assistance to the client in arriving at its decision of making an acquisition of Wi-Tribe Pakistan by providing a reasonably estimated market value per share of the Target Company. As per the mandate, GTCPL provided annual accounts assessment, historical analysis and concluded by developing and providing reasonable basis for valuation of Wi-Tribe Pakistan Limited.

Assignment Name: Buy Side Due Diligence Of Pakistan Telecommunications Company Limited (PTCL)

Approx. Value of Contract (in Current US$):

Country:PakistanLocation within Country: Pakistan

Duration of assignment: 3 months

Name of Client: Saudi Oger, Saudi Arabia Total Device month for the task: 3 months

Address: Approx. Value of Services (in Current US$): USD 2M

Start Date (Month/Year): May 2005

Completion Date (Month/Year): July 2005

Number of the Technical staff provided by partners consultants:

Name of Associated Consultants, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

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Narrative Description of Project: Services of our company were hired by the Saudi Oger for the privatization process of PTCL. The project focused on devising Labor Rationalization strategy, preparation of Severance Package for redundant staff. In addition, a revision of compensation practices of PTCL and its competition was undertaken. The mandate also included review and recommendations for re-engineering of PTCL existing organization structure.

Assignment Name: Development And Technical Audit Of Human Resource Management System At Pakistan Telecommunication Company Ltd

Approx. Value of Contract (in Current US$):

Country: PakistanLocation within Country: Pakistan

Duration of assignment: 10 months

Name of Client: Pakistan Telecommunication Company Ltd

Total Device month for the task: 10 months

Address: Approx. Value of Services (in Current US$):50,000

Start Date (Month/Year): June 2002

Completion Date: Nov 2002

Professional Staff Provided by Associated Consultants: N/A

Name of Associated Consultants, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Our company in association with Sofrecom (French Telecom Company) along with its sister concern, GTCPL & Co were awarded the contract for technical audit Pakistan Telecommunications Corporation Limited. This study was a prelude to the privatisation process that is currently underway. With over 50,000 employees, PTCL is one of the largest state-owned enterprises in the nation. Our primary objectives in this project were to review the current personnel assessment, review PTCL training system, capacity and results assessment. We conduced assessment of Telecom’s social environment impact on HR in PTCL, undertook assessment of PTCL service regulation and make recommendation for its revision, reviewed the current tools of PTCL HR management. To undertake this assignment, various aspects of PTCL’s human resources practices were evaluated (Systems & Procedures) including Human Resource Database, Recruitment, Job Descriptions, Job Evaluation, Remuneration, Salary, And Bonus Policy, Promotion And Career Management, Mobility, Performance Appraisals, Manpower Planning and Social Environment

Assignment Name: Privatisation of Peshawar Electricity Supply Corporation.

Approx. Value of the contract (in Current US$):

Country:PakistanLocation within Country: Pakistan

Assignment Duration:50 months

Name of Client: PESCO Total device months for the task:50 monthsAddress: University Road Peshawar. Approx. Value of Services (in Current US$):

140,000

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Start Date (Month/Year):September 2003

Completion Date (Month/Year): August 2004

Number of the Technical staff provided by partners Consultants: 6 Specialist

Name of Associated Consultants, if any: Habib Bank Limited (HBL) ,lNational Economic Research Associates (NERA), GTCPL, In-consult (Pvt) Limited and Mohsin Tayabaly & Company

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Due Diligence of Peshawar Electric (PESCO) – GTCPL as part of the sell side advisory team led by Societe Generale and appointed by the Privatisation Commission – Government of Pakistan are acting as reporting accountants for the sale of government shareholding in PESCO. GTCPL role is primarily undertaking the financial and HR due diligence and providing necessary technical support to the lead advisor for finalization of transaction structure, valuation and information memorandum.Description of Actual Services Provided by Your Staff:In accordance with the terms of the contract of the Financial Advisors, SGCFA nominated 5 sub-contracts to assist it in the privatization process. Each of the sub-contractors are specialists in their field and have be mandated to assist SGCFA in achieving the ultimate objective. The 5 sub-contractors are mentioned above.

Assignment Name: Privatization of the Technical Services of OGDCL

Approx. Value of the contract (in Current US$):

Country:PakistanLocation within Country: Pakistan

Assignment Duration:6 months

Name of Client: Ministry of Petroleum and Natural Resources

Total device months for the task:6 months

Address: Ministry of Petroleum and Natural Resources, Islamabad.

Approx. Value of Services (in Current US$): 1,242,900

Start Date (Month/Year):May 1996

Completion Date (Month/Year): Dec. 1997

Professional Staff Provided by Associated Consultants: Nil

Name of Associated Consultants, if any: Arthur D. Little

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Consultant in collaboration with Arthur D Little to develop strategy for privatisation of the technical services of the Oil and Gas Development Corporation of Pakistan, through creation of an independent subsidiary and its ultimate Privatisation.Description of Actual Services Provided by Your Staff: Same As Above

Assignment Name: Approx. Value of the contract (in Current

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Corporate Restructuring of Pakistan Railways US$):Country: PakistanLocation within Country: Pakistan

Assignment Duration: 12 months

Name of Client: Ministry of Railways Total device months for the task: 12 monthsAddress: Approx. Value of Services (in Current

US$):150,000Start Date (Month/Year):2003

Completion Date (Month/Year): 2005

Professional Staff Provided by Associated Consultants: N/A

Name of Associated Consultants, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Under a mandate from Ministry of Railway, a consortium led by GT Pakistan was awarded the assignment for the Financial Restructuring of Pakistan Railways involving review of financial information systems and development of business Plan supported by financial models including. i) System Review and Diagnostics ii) Business Modelling and iii) Development of detailed business plan incorporating future plans of management of Pakistan Railways for the next 10 years.Description of Actual Services Provided by Your Staff: Same As Above

Assignment Name: De-regulation policy and Financial Model Pakistan Telecommunication Authority (PTA)

Approx. Value of the contract (in Current US$):

Country: Pakistan Location within Country: Pakistan

Assignment Duration: 6 months

Name of Client: Pakistan Telecommunication Authority (PTA)

Total device months for the task: 6months

Address: Approx. Value of Services (in Current US$): USD 100,000

Start Date (Month/Year):June 2001

Completion Date (Month/Year):Jan 2002

Professional Staff Provided by Associated Consultants: N/A

Name of Associated Consultants, if any: N/A

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: With the view to de-regulate Pakistan Telecom Sector, Ministry of Information and Technology appointed McCarthy Tetrault LLP to devise the de-regulation policy and develop the Financial Model for each recommended policy scenario. Grant Thornton Pakistan was appointed by Pakistan Telecommunication Authority (PTA) to provide 3rd party validation of the Financial Model and due diligence of economic and financial assumption and the validity of the 3 de-regulation scenarios

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Description of Actual Services Provided by Your Staff: Same As Above

Assignment Name: Development of Performance Appraisal System for Instaphone, Pakistan

Approx. Value of the contract (in Current US$):

Country:PakistanLocation within Country: Pakistan

Assignment Duration: 4 months

Name of Client: Instaphone Pakistan Total device months for the task: 4monthsAddress: Approx. Value of Services (in Current US$):

20,000Start Date (Month/Year): Jan 1998

Completion Date (Month/Year): March 1998

Professional Staff Provided by Associated Consultants:

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Instaphone Pakistan is one of the leading mobile phone services in the country, which started operations in 1992. The company employs over 500 employees. Instaphone Pakistan is a performance driven organization, which hired the services of our firm to develop a PAS for their management and marketing staff. The staff appraisal system designed for them was based on the quarterly review of the employee’s performance and a reward system. Key skills for performance were in the areas of general management and marketing/sales. All Development related decisions (financial rewards, promotion and training needs) for employees were made on the outcome of the PAS.Description of Actual Services Provided by Your Staff: Same As Above

Assignment Name: Due diligence of Pakistan Telecom Sector De regulation Policy

Approx. value of the contract (in current US$):

Country: PakistanLocation within Country: Pakistan

Duration of assignment (months):

Name of Client: Ministry of Information & Technology

Total device months for the task:

Address: Approx. Value of Services (in Current US$):USD 50,000

Start Date (Month/Year):June 2001

Completion Date (Month/Year):Nov 2001

Professional Staff Provided by Associated Consultants: N/A

Name of Associated Consultants, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

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Narrative Description of Project: Grant Thornton Pakistan worked extensively on the due diligence of economic & financial assumption and the viability of the 3 de-regulation scenarios under revised assumptions, proposed to the Ministry of Information & Technology by McCarthy Tetrault LLP of Canada.Description of actual services provided by your staff within the assignment:Same As Above

Assignment Name: Expanding the equity base of Pakistan Mobile Communication (Pvt.) Ltd (Mobilink)

Approx. value of the contract (in current US$):

Country: PakistanLocation within Country: Pakistan

Duration of assignment (months):9

Name of Client: Pakistan Mobile Communication (Pvt.) Ltd (Mobilink)

Total device months for the task:

Address: Approx. Value of Services (in Current US$):Approx USD 150,000

Start Date (Month/Year):Oct 2005

Completion Date (Month/Year): Jan 2006

Professional Staff Provided by Associated Consultants: N/A

Name of Associated Consultants, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: The assignment was focused on the corporate restructuring for fiscal compliance with prudential regulations, on expansion financing. Also prepared a detailed Financial Model for Mobilink to create a cushion of proposed expansion in the current infrastructure.Description of actual services provided by your staff within the assignment:Same As Above

Assignment Name: Feasibility Study for Hussain Telecom Limited

Approx. value of the contract (in current US$):

Country: PakistanLocation within Country: Pakistan

Duration of assignment (months): 6

Name of Client: Hussain Telecom Limited Total device months for the task: 6Address: Approx. Value of Services (in Current US$):USD

50,000Start Date (Month/Year): Dec 1998

Completion Date (Month/Year): Jan 1999

Professional Staff Provided by Associated Consultants:

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project:

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Under the mandate from Bahria Group, developed a feasibility study for the setting up of a cellular telephony business in Pakistan. The assignment included review of the telephony business, with emphasis on cellular telephony, and the telecom deregulation policy based on which a business model and feasibility study was developed. The study was used by the Bahria Group to make a decision on the possibility of bidding for the cellular telephony licenses.Description of actual services provided by your staff within the assignment:Same As Above

Assignment Name: Financial & Corporate Structuring of Pay Phone Business

Approx. value of the contract (in current US$):

Country:PakistanLocation within Country: Pakistan

Duration of assignment (months):

Name of Client: Total device months for the task: 6Address: Approx. Value of Services (in Current

US$):USD 25,000Start Date (Month/Year): 2000

Completion Date (Month/Year): 2000

Professional Staff Provided by Associated Consultants:

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, MianAamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Study for the implementation of the largest pay phone company in Pakistan set up as a joint venture between Dancom Malaysia and local investors.Description of actual services provided by your staff within the assignment:Same As Above

Assignment Name: Financial Advisor for Establishment of Wireless Local Loop (WLL) Network in Pakistan

Approx. Value of Contract (in Current US):

Country: Pakistan Location within Country: Pakistan

Duration of assignment (months):

Name of Client: Great Bear International Total device months for the task: Address: Approx. Value of Services (in Current

US$):USD 25,000

Start Date (Month/Year):2004

Completion Date: 2004

Professional Staff Provided by Associated Consultants: N/A

Name of Associated Consultants, if any: N/A Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian AamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Financial advisory for establishment of a WLL facility based on CDMA 450 in Pakistan by

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Great Bear International.Description of actual services provided by your staff within the assignment: Same As Above

Restructuring Credentials

Assignment Name: Restructuring of Pakistan Ordinance Factories

Approx. Value of Contract (in Current US$):

Country: PakistanLocation within Country: Pakistan

Duration of assignment: 3 months

Name of Client: Pakistan Ordinance Factories Total device months for the task:Address:POF, WAH Industries limited Quaid Avenue WAH, Cantt.

Approx. Value of Services (in Current US$): Confidential

Start Date (Month/Year):Jul 2010

Completion Date (Month/Year): Ongoing

Professional Staff Provided by Associated Consultants: 5

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr. Shahid Ahmed Khan, Khalid Safdar, Mian Aamer Mumtaz

Narrative Description of Project: Grant Thornton Pakistan has been mandated by the Pakistan Ordinance Factory to undertake the strategic restructuring and subsequent implementation of the recommended initiatives of projects, systems and HR requirements. Our services include institutional assessment, development of the strategy for restructuring in two phases, the first involving identification of the strategy and its approval and the second phase being its implementation thereof. Our review primarily focuses on defining the restructuring and reform to the Business Model under which POF Group operates. This includes considerations on possible corporatization of existing units, restructuring towards Public Private Partnership, identification of non core activities for outsourcing, BPR/re-engineering of core functions, and conversion to adopt market driven principles.Description of actual services provided by your staff within the assignment: Same As Above

Assignment Name: Development of Competition Commission of Pakistan

Approx. Value of Contract (in Current US$):

Country: PakistanLocation within Country: Pakistan

Duration of assignment:

Name of Client: World Bank mission in Pakistan

Total device months for the task:

Address: Approx. Value of Services (in Current US$): 423,670

Start Date (Month/Year):

Completion Date (Month/Year):

Professional Staff Provided by Associated Consultants:

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Nov 2006 March 2007Name of Associated Consultants, if any: Senior Staff (Project Director) involved and

functions performed: Mr.Shahid Ahmed Khan project Director, Mian AamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Grant Thornton Pakistan and Maxwell Stamp of UK were mandated to assess the institutional inability of the Monopoly Control Authority of Pakistan and create a comprehensive institutional framework for the setting up of the Competition Commission of Pakistan through a transition and restructuring of the Monopoly Control Authority. This involved assessment of the existing organization, capacity assessment, business planning system identification and creation of the plan for implementation of the new CCP.Description of actual services provided by your staff within the assignment: Same As Above

Assignment Name: Water Sector Capacity Building & Advisory Services Project (WCAP)

Approx. Value of Contract (in Current US$):

Country: PakistanLocation within Country:Country wide

Duration of assignment:

Name of Client: World Bank

Total device months for the task:

Address:G5/1, Old MNA Hostel, Islamabad Approx. Value of Services:Rs. 4 Million

Start Date (Month/Year):July 2012

Completion Date November 2012

Professional Staff Provided by Associated Consultants:

Name of Associated Consultants, if any: None

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian AamerMumtaz- Team Leader, Khalid Safdar

Assignment Name: Privatisation of Karachi Electric Supply Corporation.

Approx. Value of Contract (in Current US$):

Country:PakistanLocation within Country: Pakistan

Duration of assignment: 5

Name of Client: Privatisation Commission Total device months for the task: 5Address:Constitution Avenue, Islamabad. Approx. Value of Services (in Current US$):

300,000Start Date (Month/Year):2006

Completion Date (Month/Year): 2006

Professional Staff Provided:Associated Consultants: 6

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and

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Ernst & Young functions performed: Mr.Shahid Ahmed Khan project Director, Mian AamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: GTCPL is part of a consortium that is advising the Privatisation Commission on the proposed sale of state owned shares in Karachi Electric Supply Corporation (KESC). Ernst & Young and GTCPL are acting as the reporting accountants and have prepared a draft long form report on the state of affairs at KESC and a short term action plan for introducing improvements.Description of Actual Services Provided by Your Staff:Same as above.

Assignment Name: Privatisation of Faisalabad Area Electricity Board.

Approx. Value of Contract (in Current US$):

Country:PakistanLocation within Country: Pakistan

Duration of assignment: 5

Name of Client: Water & Power Development Authority

Total device months for the task: 5

Address:Ministry of Communications, Islamabad.

Approx. Value of Services (in Current US$): 300,000

Start Date (Month/Year):December 1997

Completion Date (Month/Year): May 1998

Professional Staff Provided by Associated Consultants: 4

Name of Associated Consultants, if any: Nil

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian AamerMumtaz- Team Leader, Khalid Safdar

Senior Staff (Project Director/Coordinator, Team Leader) involved and functions performed: Mr. Shahid Ahmed Khan. FCA acted as privatization specialist.Narrative Description of Project: Appointed by WAPDA as owners consultants to review the privatisation strategy put forth by the financial advisor to ensure that the strategy is in the best interest of the seller.Description of Actual Services Provided by Your Staff:Same as above.

Assignment Name: Privatisation of Pakistan National Shipping Corporation.

Approx. Value of Contract (in Current US$):

Country:PakistanLocation within Country: Pakistan

Duration of assignment: 6

Name of Client: Ministry of Communications Total device months for the task: 6Address:Ministry of Communications, Islamabad. Approx. Value of Services (in Current US$):

250,000Start Date (Month/Year): 2012

Completion Date (Month/Year): 2012

No of Months of Professional Staff Provided by Associated Consultants: 5

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Name of Associated Consultants, if any: Mercer Management Consulting Inc.

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian AamerMumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: GTCPL was a part of a consortium led by Mercer Management Consulting Inc. advising on the valuation and privatisation strategy for PNSC. Our role was to assist the lead advisor in the valuation of the company and in verifying and compiling information for the Information Memorandum and Bid Package. Description of Actual Services Provided by Your Staff:Same as above.

Privatization Credentials:

Assignment Name: Privatization of Pak Arab Fertilizer

Approx. Value of Contract (in Current US$):

Country: Pakistan Location within Country: Pakistan

Duration of assignment: 3

Name of Client: ADNOC. Total device months for the task: 3Address: Abu Dhabi

Approx. Value of Services (in Current Rs.): $ 100,000

Start Date (Month/Year):August 95

Completion Date (Month/Year): November 95

Provided by Associated Consultants: Two specialists

Name of Associated Consultants, if any: Standard Chartered Bank

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: PAFCO is one of the largest fertilizer manufacturing units in Pakistan in which 48% ownership is held by Abu Dhabi National Oil and 52% by Government of Pakistan. GTCPL along with Standard Chartered Bank was awarded the mandate by ADNOC to review the operations of the PAFCO so as to optimize its value prior to ADNOC. Carried out technical and financial appraisal and submitted recommendations for the appropriate restructuring of business which was implemented by the management.Description of Actual Services Provided by Your Staff: PAFCO is one of the largest fertilizer manufacturing units in Pakistan in which 48% ownership is held by Abu Dhabi National Oil and 52% by Government of Pakistan. GTCPL along with Standard Chartered Bank was awarded the mandate by ADNOC to review the operations of the PAFCO so as to optimize its value prior to ADNOC. Carried out technical and financial appraisal and submitted recommendations for the appropriate restructuring of business which was implemented by the management.

Assignment Name: Approx. Value of Contract (in Current US$):

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Privatisation of Pakistan Railway Carriage Factory.

Country: Pakistan

Location within Country: Pakistan

Duration of assignment: 4

Name of Client: Privatisation Commission Total device months for the task: 4

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$): 20,000

Start Date (Month/Year):July 1997

Completion Date (Month/Year): May 1998

Professional Staff Provided by Associated Consultants: Three Specialists

Name of Associated Consultants, if any: Nil Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Carried out valuation under appointment from Privatisation Commission with ultimate objective of privatisation of the Unit.

Description of Actual Services Provided by Your Staff: Same As Above

Assignment Name: Privatization of Pak American Fertilizers (Pvt.) Ltd. (PAFL)

Approx. Value of Contract (in Current US$):

Country:Pakistan

Location within Country: Pakistan

Duration of assignment: 4

Name of Client:Privatization Commission

Total device months for the task: 4

Address:

Constitution Centre, Islamabad, Pakistan

Approx. Value of Services (in Current US$): 12000

Start Date (Month/Year): June 2003

Completion Date (Month/Year): August 2003

Professional Staff Provided by Associated Consultants: Two Specialists

Name of Associated Consultants, if any: Nil

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team

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Leader, Khalid Safdar

Narrative Description of Project: Due diligence for Privatisation of Pak American Fertilizers (Pvt.) Ltd. – GTCPL was appointed by Privatization Commission for the sell side financial due diligence on the privatisation of Pak American. GTCPL has performed financial due diligence and carried out valuation of the company for its proposed sale. Detailed valuation report and information memorandum were developed for Privatization Commission and the buyers at the end of the assignment.

Description of Actual Services Provided by Your Staff: Same As Above

Assignment Name:Privatisation of Punjab Vegetable Oil & Ghee Mills Limited

Approx. Value of Contract (in Current US$):

Country:Pakistan

Location within Country: Pakistan

Duration of assignment: 2

Name of Client: Privatisation Commission Total device months for the task: 2

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$): 30,000

Start Date (Month/Year):November 1995

Completion Date (Month/Year): December 1995

Professional Staff Provided by Associated Consultants: Two specialists

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Carried out valuation under appointment from Privatisation Commission of Punjab Vegetable Oil & Ghee Mills Limited Unit for privatisation.

Assignment Name:Privatisation of Sheikh Fazal ul Rehman & Sons Limited.

Approx. Value of Contract (in Current US$):

Country:Pakistan Duration of assignment: 2

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Location within Country: Pakistan

Name of Client: Privatisation Commission Total device months for the task: 2

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$): 20,000

Start Date (Month/Year):May 1994

Completion Date (Month/Year): June 1994

Professional Staff Provided by Associated Consultants: Two specialists

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Carried out valuation under appointment from Privatisation Commission of Sheikh Fazal ul Rehman & Sons Limited for privatisation.

Description of Actual Services Provided by Your Staff: Same as above

Assignment Name:Privatisation of Kohinoor Oil & Ghee Mills Limited.

Approx. Value of Contract (in Current US$):

Location within Country: Pakistan Duration of assignment: 3

Name of Client: Privatisation Commission Total device months for the task: 3

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$): 30,000

Start Date (Month/Year):April 1996

Completion Date (Month/Year): June 1996

Professional Staff Provided by Associated Consultants: Two specialists

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

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Narrative Description of Project: Carried out valuation under appointment from Privatisation Commission of Kohinoor Oil & Ghee Mills Limited for privatisation.

Description of Actual Services Provided by Your Staff: Same as above

Assignment Name: Privatisation of Associated Cement Rohri Limited.

Approx. Value of Contract (in Current US$):

Country: Pakistan

Location within Country: Pakistan

Duration of assignment: 2

Name of Client: Privatisation Commission Total device months for the task: 2

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$): 20,000

Start Date (Month/Year):April 1995

Completion Date (Month/Year): June 1995

Professional Staff Provided by Associated Consultants: Two specialists

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Carried out valuation under appointment from Privatisation Commission of Associated Cement Rohri Limited for privatisation.

Description of Actual Services Provided by Your Staff: Same as above

Assignment Name: Privatisation of Ravi Engineering Works Limited.

Approx. Value of Contract (in Current US$):

Country :Pakistan

Location within Country: Pakistan

Duration of assignment: 2

Name of Client: Privatisation Commission Total device months for the task: 2

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$):

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35,000

Start Date (Month/Year):February 1996

Completion Date (Month/Year): April 1996

Provided by Associated Consultants: Two specialists

Name of Associated Consultants, if any: Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Carried out valuation under appointment from Privatisation Commission of Ravi Engineering Works Limited for privatisation. Also prepared Information Memorandum and assisted in the completion of the sale as well as post sale finalisation.

Description of Actual Services Provided by Your Staff: Same as above.

Assignment Name:Privatisation strategy for Hydrocarbon Sector.

Approx. Value of Contract (in Current US$):

Location within Country: Pakistan Duration of assignment: 6

Name of Client: Asian Development Bank Total device months for the task: 6

Address: Islamabad. Approx. Value of Services (in Current US$): 45000

Start Date (Month/Year):

Completion Date (Month/Year):

No of Months of Professional Staff Provided by Associated Consultants: 5 specialist

Name of Associated Consultants, if any: Arthur D. Little

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project:GTCPL assisted Arthur D. Little in a study awarded by Asian Development Bank for the development of privatization strategy for the Hydrocarbon sector in Pakistan. Our mandate included:

a) Review of the background to privatisation in Pakistan including a review of privatisation objectives with respect to the Hydrocarbon sector.

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b) Review and evaluate the alternatives and recommendations within the context of local, political, social and economic conditions.

c) Conducting interviews with international, local private and public sector companies in the Hydrocarbon sector in upstream, downstream and gas sector.

Description of Actual Services Provided by Your Staff: Same as above.

Assignment Name: Privatisation of Associated Cement Wah Limited.

Approx. Value of Contract (in Current US$):

Country: Pakistan

Location within Country: Pakistan

Duration of assignment: 3

Name of Client: Privatisation Commission Total device months for the task: 3

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$): 10,000

Start Date (Month/Year):July 1997

Completion Date (Month/Year): May 1998

Professional Staff Provided by Associated Consultants: Two Specialist

Name of Associated Consultants, if any: Nil

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Carried out valuation under appointment from State Cement Corporation of Pakistan with ultimate objective of privatisation of the Unit.

Description of Actual Services Provided by Your Staff: Same as above.

Assignment Name: Privatisation / Acquisition of Habib Credit & Exchange Bank.

Approx. Value of Contract (in Current US$):

Country: Pakistan

Location within Country: Pakistan

Duration of assignment: 4

Name of Client: Nahyan Bin Mubarik Consortium

Total device months for the task: 4

Address: Privatisation Commission, Islamabad.

Approx. Value of Services (in Current US$): 320,000

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Start Date (Month/Year):April 1995

Completion Date (Month/Year): August 1995

Professional Staff Provided by Associated Consultants: Five Specialists

Name of Associated Consultants, if any: CVP Pakistan Limited

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: As advisors to Nahyan Bin Mubarik Consortium (in association with CVP Pakistan Limited), carried out the due diligence of the bank, developing financial models for valuation of the bank and advising on the bidding and other strategies for the acquisition of 70% equity stake and management control of the bank.

Description of Actual Services Provided by Your Staff: Same as above.

Assignment Name: Acquisition of West Wharf Power Project.

Approx. Value of Contract (in Current US$):

Country: Pakistan

Location within Country: Pakistan

Duration of assignment: 4

Name of Client: Hyundai Group of Korea Total device months for the task: 4

Address: Korea. Approx. Value of Services (in Current US$): 30,000

Start Date (Month/Year):September 1994

Completion Date (Month/Year): January 1995

Professional Staff Provided by Associated Consultants: Four Specialist

Name of Associated Consultants, if any: Nil

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: This project is conceived as a joint venture between Hyundai group of Korea and Sapphire group of Pakistan. GTCPL provided consultancy services in the finalisation of the project implementation plan including arrangement of foreign investment.

Description of Actual Services Provided by Your Staff: Same as above.

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Assignment Name:Privatisation of Mustehkam Cement.

Approx. Value of Contract(in Current US$):

Country: Pakistan

Location within Country: Pakistan

Duration of assignment: 2

Name of Client: Colony Group Total device months for the task: 2Address: Colony Group, Islamabad. Approx. Value of Services (in Current US$):

15,000

Start Date (Month/Year):August 1994

Completion Date (Month/Year): September 1994

Professional Staff Provided by Associated Consultants: Two Specialist

Name of Associated Consultants, if any: Nill

Senior Staff (Project Director) involved and functions performed: Mr.Shahid Ahmed Khan project Director, Mian Aamer Mumtaz- Team Leader, Khalid Safdar

Narrative Description of Project: Lead financial consultants to Colony Group for determination of price and acquisition strategy for the take up of the unit on the grounds of being previous owner.

Description of Actual Services Provided by Your Staff: Same as above.