PTC Project

1 The Project Report Of Pakistan Tobacco Company Ltd.
University Of Arid Agriculture Rawalpindi. (UAAR)
University of Arid Agriculture

Rawalpindi.
PROJECT REPORT ON:
Submitted In Respect Of:
Sir Shuja Ilyas
Group Information:
MBA- 2K7
1st Shift
Section – (A)
TABLE OF CONTENTS
SEARIL NO. DESCRIPTION PAGE NO.

1. Acknowledgement 2
2. Preface 3
3. Vision, Mission & Strategic Objective of 4
Pakistan Tobacco Company
4. Introduction of Pakistan Tobacco Company 5
5. Brief History of PTC 6
6. Company Profile 14
7. Defining The Objective And Vision Of PTC 14
8. Business Principles, Mutual Benefit, 15
Responsible Product Stewardship, Good
Corporate Conduct & Core Beliefs
9. Guiding Principles 17
10.  Management: 18
The Board Of Director
11. 26
 Planning:
Annual General Meeting
12. 23
13. 24
14. 25
15. 27
16. 30
17. 33
18. 35
19. 36
20. 37
21. 38
Acknowledgement:
In the first place we would like to thank whole-heartedly to

ALLAH, THE ALMIGHTY, who gave us courage, knowledge and
confidence to carry on this project and to complete this project
report. We are also very thankful to our course teacher. Sir Shuja
Ilyas who gave us useful information and guidance to complete
this project.
We would also like to show our gratitude to all those

who have kindly spent their valuable time answering us to our
questions.
In the end, we would like to thank our Parents, who

are always the confidence, which helps us in every walk of our
lives.
Preface
The purpose of this project was to analyze the Pakistan Tobacco Company
Ltd., its performance of the management, planning, leading, control of the
company.
This report contains the introduction, history of Pakistan Tobacco

Company Ltd, salient features, SWOT Analysis their strategies and our
campaign according to the current scenario.
We have tried our best to make this report comprehensive and hope it will
be very beneficial.
VISION
‘First choice for everyone”
Mission
Transform PTC to perform responsibly
with the speed, flexibility and
enterprising spirit of an innovative,
consumer focused company.
Strategic Objective
Finally our Strategic objective reflects
our Vision, being the champion of
Growth, Productivity, Responsibility
and the winning Organization.
Business Principles
• PTC Follows Three Fundamental

Business Principles:
 Mutual Benefit
 Responsible Product
Stewardship
 Good Corporate
Conduct
♦ Introduction:
Pakistan Tobacco Company Ltd. the first multinational to set up its business
in Pakistan in 1947, and beginning operations out of a warehouse near
Karachi Port, PTC has come a long way.
In the Beginning of time just a single factory operation to a company which
is involved in every aspect of cigarette production, from tobacco cultivation
to packaging PTC have evolved and grown with Pakistan. However, what is
significant about these sixty years is the effort that PTC has demonstrated in
the development of the country. By being instrumental in the campaign for
modern agricultural and industrial practices, PTC has helped in the

development and progress of the agricultural & industrial sector in the
country.
Pakistan Tobacco Company Ltd. has been supporting & contributing on
various causes of national interest. Educating growers in the latest
techniques and technology in agriculture, a forestation and free health care in
designated areas are but a few examples.
Through these sixty years, PTC continuous investment in people, brands,
technology, innovation and the communities in which company operate has
borne fruit in many ways and to mention just a few; PTC are deemed as a
partner of choice by many, Their Environmental, Health & Safety standards
are a source of inspiration for local companies, PTC Industrial Relations
practices have led and influenced local practices, and as a result of all these,
their managers are highly valued and sought after people in the Pakistani
corporate world based on the training and exposure they give them from
very early on in their careers.
 History Of Tobacco:
 1,000 BC
In the ancient temple carvings depict Mayan priests in Central America
smoking tobacco through a pipe. Tobacco leaves become widespread
in medicine for use on wounds as a means of reducing pain. Later the
Aztecs incorporate smoke inhalation into religious rituals.
Two castes of smokers emerge: the pipe smokers at the court of
Montezuma and lesser Aztecs who roll the leaves into crude cigars.
 470 – 630 AD
Mayan tribes begin to scatter – and tobacco travels with them. The leaf
moves southwards to South America where it is wrapped in maize and
palm leaves and smoked – and north where it is introduced to the
native Americans in the Mississippi area.
In North America pipes are made from clay, marble or lobster claws.
Some pipes, with two stems, are used for inhaling through the nostrils.
Tobacco chewing is common, especially in South America, where the
leaf is mixed with lime.
 1492
Arawak people in the Bahamas, on an island Christopher Columbus
christens San Salvador, offers the explorer dried leaves. Not
understanding their significance, Columbus discards them. A month
later Rodrigo de Jerez and Luis Torres - returning from a trip into the
interior of Cuba – stumble on villagers inhaling the smoke from burning dried
tobacco leaves through a hollow Y-shaped piece of cane called a Tobago or
tobaca. Jerez is thought to be the first smoker outside the Americas.
When Jerez returns to his home town of Ayamonte, during the Spanish
Inquisition the holy inquisitors accuse him of "consorting with the devil" when
they see smoke coming from his mouth. He is imprisoned for seven years. By
the time he is released, smoking is a custom in Spain. Jerez perhaps sets a
precedent for the plant's controversial future.
Tobacco has been smoked for at least the last three thousand years. Christopher
Columbus found it when he landed in the Americas in 1492, but ancient temple
carvings show tobacco being smoked in Central America as long ago as 1,000
BC.
Ever since it arrived in Europe since the late 15th century, tobacco has divided
opinion, sparked controversy, and generated substantial revenue through tax.
Not long after it reached Europe, it was being described in terms ranging from
"vile custom of manifold abuses" and "feast for the fiend" to "the divine herb"
and "cornucopia of all earthly pleasure". Tobacco has periodically been subject
to royal disapprovals, the whims of fashionable use, medicinal studies,
smuggling, trade disputes, and bans.
In this section we offer a brief snapshot of the long and fascinating history of
this enduring product, smoked by roughly one billion adult consumers around
the world today.
16th Century:
 1518
The discoverer Juan de Grijalva lands in Yucatan, Mexico, and sees
local people smoking tobacco leaves. The following year, the
conquistador Cortez finds Aztecs in the capital of Mexico smoking
strong, scented tobacco.
 1526
In his history of the West Indies, Fernandez de Oviedo y Valdes writes:
"Among other evil practices, the Indians have one that is especially
harmful, the inhaling of a certain kind of smoke which they call
tobacco. I cannot imagine what pleasure they derive from this
practice."
 1561
Jean Nicot, the French ambassador to Lisbon recommends tobacco

snuff to his royal patron, Catherine de Medici, who suffers from
severe migraines. The snuff provokes a relieving sneeze which
astonishes her staff – but becomes fashionable. In Nicot's honour, the tobacco
genus Nicotiania was later given its botanical name.
 1570
Conquistadors bring tobacco back to Spain as a luxury for the

wealthy. But when Seville beggars begin to pick up discarded cigar
butts, shred them and roll them in scraps of paper for smoking, they
become known as cigarrillos, meaning little cigars.
 1570
King Philip II of Spain ponders tobacco's medicinal properties – not
for the benefit of his subjects, but for commercial gain. He charges
Royal Physician Francisco Hernandez with making a study of the
plant's properties.
 1571
Nicolò Monardes, a famous physician at the University of Seville,
recommends tobacco as a cure for more than twenty ailments,
including tooth ache and asthma. Certainly not recommended today!
 1573
Sir Francis Drake returns from the Americas with what is

thought to be the first consignment of tobacco to the UK.
 1587
Virginian colonists disembark at Plymouth smoking clay pipes.
 1592
A century after Columbus' voyage, tobacco is grown in Belgium, Spain,
Italy, Switzerland and England, and by the turn of the century the crop
has spread to the Philippines, India, Java, Japan, West Africa and China
– from where merchants take it to Mongolia and Siberia.
17th Century:
 1603
By the time of Queen Elizabeth Is death, England has become the
wealthiest country in Europe (partly thanks to its dominant role in the
tobacco trade) and is taxing the crop at 2d (2 shillings) per pound weight.
King James I publishes A Counterblaste to Tobacco, one of the first anti-
smoking polemics. But his disapproval doesn't stop the King from
increasing the duty on tobacco by more than 40 times as much as the tax
levied by Queen Elizabeth, to 6/10d (£6 10 shillings) per pound weight.
Consumption of tobacco increases as belief spreads that the leaf helps
ward off the plague.
 1606
King Philip III of Spain decrees tobacco could only be grown in Spanish
colonies. Production by foreigners is punishable by death.
 1614
James I grant two traders exclusive rights to import

tobacco - paying £3,500 for the first year, raising to
£7,000 each year for the next decade.
 1619
King James I bans domestic cultivation of tobacco – and announces that it is

to become a royal monopoly.
 1623
Holy Roman Emperor Ferdinand III bans "tobacco drinking" under
threat of fines – but smoking continues.
 1624
Pope Urban VIII bans snuff claiming it takes users too close to "sexual
ecstasy". King James I decrees that all tobacco should arrive at the port
of London. Smuggling increases and sizeable amounts of duty are lost.
The British Government widens the number of ports where tobacco can
land.
 1629
Following the advice of his minister Cardinal Richelieu,

Louis XIII of France levies a tax of 30 sols on every pound
of tobacco. Two centuries later Napoleon III would
observe: "This vice brings in one hundred million francs in taxes every year.
I will certainly forbid it at once – as soon as you can name a virtue that
brings in as much revenue." Government monopolies prove so lucrative they
persist in several European countries late into the twentieth century.
 1633
Turkish sultan Murad IV forbids smoking with the threat of execution.
He also demolishes coffee-houses in Constantinople and confiscates the
assets of executed smokers.
 1640's
Tsar Michael of Russia declares smoking a deadly sin. Arrested smokers
are flogged or have their lips slit. A 1643 visitor to Moscow says: "Those
convicted of taking snuff, both men and women, can expect to have their
noses taken away."
 1699
The court physician to Louis XIV, Fagon, offers a

contemporary view: "When he opened his snuff box,
did he not know that he was opening a Pandora's Box,
from which would spring a thousand ills, each worse than another?"
Louis XIV is said to hate tobacco but does not ban it, as it would
have meant giving up money from the state monopoly.
18th & 19th Century:
 1700s
An increasing number of protectionist barriers are created, particularly in the
eastern United States, to safeguard English interests.
 1725
Following the fashion of the day, Pope Benedict XIII allows the use of snuff
in St Peter's Church, reversing a ban imposed 75 years earlier by Innocent X.
 1779
Scenting a business opportunity, the Vatican opens its own tobacco factory.
 1800
British and French soldiers fighting in Spain during the Napoleonic

wars bring cigars back home. Their popularity grows quickly.
 1820
A smoking room is established in the British House of Commons.
 1827
Cigar consumption increases with the invention of the friction-activated
phosphorous match.
 1846-48
The Mexican war leads to a huge increase in the popularity of cigars –
smoked by soldiers trying to relieve fatigue and quash hunger. Soldiers
develop a taste for the darker tobaccos from the south.
 1850
In the United States, tobacco is linked to the temperance movement.
Reverend George Trask, a former smoker, sets up the American Anti-
Tobacco Society for which he serves as president, vice president, secretary,
treasurer and auditor.
 1868
Smoking compartments are introduced on English railways.
 1881
James Bonsack, a Virginian, invents a machine that can produce 120,000
cigarettes a day. James "Buck" Duke, destined to become the first chairman
of British-American Tobacco 21 years later, buys two machines and his
family's tobacco company moves into cigarettes.
 1890
In America, 26 states pass laws banning the sale of cigarettes to

minors.
 1899
Lucy Page Gaston, an Illinois teacher and journalist and member of the
Women's Christian Temperance Union, establishes the Chicago Anti-
Cigarette League.
20th Century and Today:
 1900
The Anti-Cigarette League publishes a pamphlet claiming links between
cigarette smoking and brain disease.
 1902
The Imperial Tobacco Company of the United Kingdom and The

American Tobacco Company of the United States agree to end a trade
war by forming a joint venture, the 'British-American Tobacco
Company Ltd'. James B. Duke becomes the venture's first Chairman.
 1908
The New York City authority bans women from smoking in public. Two
weeks later Katie Mulcahey is arrested for violating the rule. As she is led
away she declares, "No man shall dictate to me". Cigarette smoking was
often seen as a symbol of women's emancipation
 1914
Outbreak of World War I. General John J. Pershing, commander-in-

chief of the American forces in France in 1917, calls tobacco
"indispensable to the daily ration". In Europe, troops use cigarettes to
pass time and to try to calm their nerves. The popularity of cigarettes in the armed
forces associates tobacco with patriotism.
 1921
US State of Idaho bans cigarette sales.
 1925
Despite the bans, cigarette sales continue to increase. The American
Mercury reports, "The more violently it has been banned, the more popular it
has become."
 1941
US President Roosevelt makes tobacco a protected crop as part of the World
War II war effort. His wife Eleanor was dubbed "the first lady to smoke in
public"
 1945
During World War II, smoking increases. By the middle of the next
decade, more than a quarter of American women and more than half of
American men smoke cigarettes.
 1952
Two British researchers, Richard Doll and A. Bradford Hill, report the
results of a four-year study comparing 1,465 lung cancer patients to an equal
number of patients with other diseases, matched for age, sex and region.
They conclude that lung cancer patients are considerably more likely to be
smokers and much more likely to be heavy smokers.
 1960s
Public health warnings emerge.
 1964
The American Surgeon General publishes a 387-page report stating:
"Cigarette smoking is a health hazard of sufficient importance in the United
States to warrant appropriate remedial action." For the first time smoking is
banned in the State Department auditorium.
 1980s
The tobacco industry sees substantial annual duty increases which

result in cigarette taxation increasing by 85 per cent or more in
several countries, including the UK.
 1990s
Litigation issues tend to dominate the news headlines around the tobacco
industry. In the US, five years after the first State lawsuit was filed, major
US tobacco companies signed a Master Settlement Agreement with 46 State
Attorneys-General, giving these US states more than $200 billion in total
over 25 years in settlement of lawsuits seeking reimbursement for the
Medicaid costs of treating sick smokers. The Master Settlement Agreement
restored stability to the tobacco companies, allowing them to concentrate
again on running their businesses.
 2000 and beyond:
Litigation continues to be a significant issue for the tobacco industry,

especially in the US, but the de-certification of the Engle class action lawsuit
by a Florida Court of Appeal may point to a reduction in lawsuit activity.
The Framework Convention on Tobacco Control (FCTC) is adopted by the
World Health Organization; it calls for restrictions on tobacco advertising
and sponsorships, new labelling standards, clean indoor air controls, and
stronger action against cigarette smuggling. Tobacco companies work with
governments to reduce smuggling. Bans on public smoking are enacted in
some places and proposed in others; the ban in New York State is unpopular
with a majority of voters.
Company Profile:
Pakistan Tobacco Company was incorporated in 1947 immediately after

partition when it took over the business of IMPERIAL TOBACCO
COMPANY of India; operational in subcontinent since 1926.Pakistan
Tobacco Company was the first multinational company of Pakistan.
The company is the part of the world wide BRITISH AMERICAN

TOBACCO COMPANY (BAT) GROUP which employees some 100,000
people with operations in around 180 countries. It is a market leader in more
than 50 countries selling over 300 brands. In 2001 the group sold about 15%
share of the world market of cigarettes.
 Defining The Objective And Vision Of PTC:
Objective:
The objective of PTC is ultimately to be the world’s number one

tobacco company. To achieve this objective they are keeping quality as the
foremost point in their mind, while addressing the consumer needs. During
the whole year PTC has invested in all aspects of their business to ensure
that their brands offer the best quality and value for money available in
Pakistan. Capital Investment had been made to purchase new machinery and
refurbish other equipment.
They aim to retain, or achieve, market leadership in each end market; and
where that is not possible then to achieve a strong position in the premium
segment.
In pursuit of their strategy, since 1991, BAT (parent company) has

committed US $ 1billion for American Tobacco, US $ 1.5 billion for
Mexico, and US $ 1 billion for other investments. Together these have
brought additional volume of 110 billion cigarettes.
Vision of PTC:
“First choice for everyone”

• Regaining volume and value leadership by positioning viable brands in all

relevant segments.
• Driving world-class standards in products, processes and service through
passionate, skilled and confident people.
• Striving to meet stakeholders’ expectations.
• Create an open, empowered and fun loving culture.
• Becoming the preferred consultants on industry issues.
Business Principles:-Mutual Benefit, Responsible Product

Stewardship, Good Corporate Conduct & Core Beliefs:
1) Business Principles:
Our company follows three fundamental Business Principles: Mutual

Benefit, Responsible Product Stewardship and Good Corporate Conduct.
Each principle is supported by a series of core beliefs,Which are explained
below.
2) Mutual Benefit:
The principle of Mutual Benefit is the basis on which we build our

relationships with our stakeholders. We are primary in business to build
long term shareholder value and we believe the best way to do this is to
understand and take account of the needs and desires of all our stakeholders.
 Core Beliefs:
• Creating long term shareholder value

• Engaging constructively with our stakeholders
• Creating inspiring working environments for our People
• Adding value to the communities in which we operate
• Ensuring that suppliers and other business partners
Have the opportunity to benefit from their relationship with us.
4) Responsible Product Stewardship:
The principle of Responsible Product Stewardship Is the basis on which we

meet consumer demand for a legal product that, put simply, is a cause of
serious diseases. Therefore, our products and brands should be developed,
manufactured and marketed in a responsible manner. We aspire to develop
tobacco products with critical mass appeal that will, over time, be
recognised by scientific and regulatory authorities as posing substantially
reduced risks to health.
 Core Beliefs:
• Provision of accurate, clear health messages about the risks of tobacco

consumption
• Reduction of the health impact of tobacco consumption whilst respecting
the right of informed adults to choose the products they prefer
• Continued availability of relevant and meaningful information about our
product
• Underage people should not consume tobacco products
• Responsible marketing of our brands and products and directed at adult
consumers
• Appropriate taxation of tobacco products and elimination of illicit trade
• Regulation that balances the interests of all sections of society, including
tobacco consumers and the tobacco industry
• Approach public smoking in a way that balances the interests of smokers
and non-smokers
4) Good Corporate Conduct:
The principle of Good Corporate Conduct is the basis on which all our
businesses should be managed. Business success brings with it an obligation
for high standards of behavior and integrity in everything we do and
wherever we operate. These standards should not be compromised for the
sake of results.
 Core Beliefs:
• PTC businesses to uphold high standards of behaviour and integrity

• High standards of corporate social responsibility to be promoted within the
tobacco industry
• Universally recognised fundamental human rights to be respected
• Tobacco industry to have a voice in the formation of government policies
affecting it
• Achieving world class standards of environmental performance
 Guiding Principles:
PTC nurtures four guiding principles that represent Strength
from Diversity, Open Minded, Freedom through Responsibility,
Enterprising Spirit. PTC guiding principles describe the
organization we are and the type of organization we want to
be. They represent the common values at the heart of our
success.
• Management:
 The Board Of Director:

Aslam Khaliq
Chairman,
Non-Executive Director
Aslam Khaliq joined Pakistan Tobacco Company in 1967 as an agronomist.

During his service he worked in various departments including Product
Development and Corporate Planning. Was seconded to BAT, UK during 1988-89
and on his return was appointed as GM, Leaf. In 1996, he was appointed as the
Director Corporate and Regulatory Affairs and became Deputy Managing Director
in 2001. On retirement in June 2004, he was invited to become the Chairman of the
Board.
He is also member of the boards of Lahore University of Management Sciences
(LUMS), OGDCL, NADRA, Pakistan Intellectual Property Rights Organization
(PIPRO), Indus Valley School of Arts and Architecture, Jahangir Siddiqui Capital
Markets Limited and Honorary Counsel of the Republic of Bulgaria.
Toh Ah Wah
Managing Director,
Chief Executive
William Toh Ah Wah has been Chief Executive Officer of Pakistan Tobacco
Company since November 2005. William joined British American Tobacco (BAT)
after the merger between British American Tobacco and Rothmans International in
November 1999 as the Business Development Director for China. In October 2003
William moved to New Zealand as Managing Director of British American
Tobacco, New Zealand. Before joining BAT, William was the Managing Director of
Greater China with Rothmans International, based in Hong Kong. He began his
career with Rothmans, Malaysia as a Management Trainee in 1981. He spent 10.5

years of his career with the company in Malaysia, 5 years as State Sales Manager
and 4 years as Marketing Manager before he was seconded overseas for his first
posting in China in 1991.
Mobasher Raza
Deputy Managing Director,
Finance Director
Mobasher Raza has been with the Company for the last 27 years. He joined
the Company as Management Trainee in 1979 and held various key positions in the
Finance function within PTC as well as with other Group Companies. His
international assignments include Internal Auditor for British American Tobacco
UK, Finance
Director Nigerian Tobacco Company Limited and Head of Finance Tvornica duhana
Zadar (British American Tobacco subsidiary in Croatia). He returned to PTC in
2002 as Chief Financial Officer and was appointed as Finance Director in 2003. He
is currently the Vice Chairman of Cigarette Manufacturers’ Association and held the
Chairman’s office in 2005-06. He is also a member of OICCI Taxation Committee
since 2003. In November 2006, he was appointed as Deputy Managing Director of
the Company in addition to his role as Finance Director.
Ahmed Zeb
Supply Chain Director
Ahmed Zeb joined the Company as a Management Trainee in the Production

Department in 1976. Having worked in various capacities in the Production
Function, which included Factory Manager and Chief
Engineer and a cross functional marketing tenure of 2 years, he was seconded to
BAT in 1997, in Uganda, he worked as Head of Operations and Projects for the East
Africa cluster. Thereafter, he was posted to Sri Lanka (Ceylon Tobacco Company)
as Operations Director. He returned to Pakistan Tobacco Company in August 2004
and was appointed as Production Director.
He joined the Board in August 2005. He has gone through an extensive range of
International Management and Leadership Development Programmes over his
service period. He assumed the role of Supply Chain Director in year 2006.
Feroze Ahmed
IT Director
Feroze Ahmed joined PTC in October 2003 from Reckitt Benckiser plc, UK
where he served as the Information Services Director for Eastern Europe, Africa &
Middle East, South Asia and East Asia and as a member of the Global IT
Leadership team.
His career includes posts of Regional IT Director for Africa & Middle East, East
Asia and South Asia based in South Africa, Singapore and Pakistan respectively. He
served as a member of the Board of Directors in Reckitt & Colman, South Africa.
He is a member of the Institute of Directors (IoD), UK.
In PTC, Feroze joined as the Head of IT in October 2003, was promoted to IT

Director in October 2004. He joined the Board of Directors in October 2005. As of
January 2007, Feroze has taken over as the Director IT for South Asia.
Mirza Rehan Baig

Marketing Director
Rehan Baig joined Pakistan Tobacco Company as an International Secondee

from Dubai in July 2005 as Head of Brand Marketing. After serving for just over a
year, he took over the role of Marketing Director in October 2006.
Rehan began his career with British American Tobacco (BAT) in 2000 as Brand
Manager for the countries of the Gulf Cooperation Council based in Dubai. In 2002,
Rehan relocated to Beirut as Regional Manager and
was later promoted to Head of Trade Marketing and served as a member of the
Levant / Yemen Executive Committee. He then moved back to Dubai as a
Marketing Development Manager in 2004. Prior to joining BAT, Rehan had spent
over 3 years on the BAT business working for Grey Worldwide advertising and
covering the Middle East North Africa markets.
Lt. Gen. (Retd.)

Ali Kuli Khan Khattak
Lt. General (Retd.) Ali Kuli Khan hails from Peshawar and belongs to a
renowned industrial family. He was educated at Aitichison College Lahore and
graduated from the Royal Military Academy Sandhurst in 1964.
He was commissioned in the Pakistan Army in 1964. General Ali and his late father
are the only instance in the Pakistan Army where father and son both have risen to
the rank of Lieutenant Generals. Important assignments during his brilliant career
were Commandant Staff College in Quetta, Chief of General Staff and Director
General Military Intelligence.
He also sits on the boards of Bannu Woolen Mills Limited, Janana De Malucho
Textile Mills Limited, Liaquat National Hospital, Universal Insurance Company
Limited, and General Tyre & Rubber Company of Pakistan Limited, Ghandhara
Nissan Limited, Ghandhara Industries Limited, and Gammon Pakistan Limited.
Brendan James Brady

With over 15 years in the tobacco industry, Brendan has had a variety of
roles including regional responsibilities for Asia Pacific, Europe, Africa and Latin
America. He has also worked in two operating companies - as Head of Special
Public Affairs Projects at Brown & Williamson and CORA Director at British
American Tobacco Australasia.
Brendan has also worked for various international tobacco trade associations.
Fatehali Walimuhammad Vellani

Fatehali Walimuhammad Vellani the senior partner of the law firm, Vellani
& Vellani and has been in practice as an advocate since 1956.
He has a B.A. in Economics from the University of Wales (UK) and a Barrister of
the Middle Temple (London). Vellani is a member of the board directors in several
public listed companies in Pakistan with foreign investment from leading

transnational companies abroad.
In Pakistan Tobacco Company Limited Mr. Vellani has remained a member of the
Board of Directors since 1973 and is presently chairman of the Audit Committee of
the Board and a member of the Board Compensation Committee.
Istaqbal Mehdi
Istaqbal Mehdi is the Managing Director / CEO of Pak Kuwait. Prior to this
role, he was the President of Zarai Traqiati Bank of Pakistan.
Mehdi held executive positions in several national organizations like Chief Experts
Advisory Cell, Ministry of Industry and Production and Senior Economist, Board of
Industrial Management etc. Between 1972- 76 he remained Research Fellow at
Leeds University, Leeds, UK. He was also Advisor to the World Bank during the
period 1969-72.
He is also member of the boards of various companies including Fauji Fertilizer Bin
Qasim Ltd, Fauji Fertilizer Company Limited, Meezan Bank Limited, and General
Tyre & Rubber Company of Pakistan, Pakistan State Oil, Shell Gas, National
Commodity Exchange Limited, Al-Meezan Mutual Fund and Pakistan Textile City
Limited.
Kunwar Idris
Kunwar Idris joined the Civil Service of Pakistan in 1957 and retired in
1994. In a career spanning 36 years besides holding administrative posts like Chief
Secretary, Home Secretary of Sindh and District Magistrate / Commissioner of

Karachi, he was also Secretary to the Government of Pakistan in the Ministries of
Petroleum and Production. In the earlier years of his career he was Assistant
Commissioner and Political Agent in the North-West Frontier Tribal Areas. He was
also Chairman / Chief Executive of Pakistan Automobile Corporation and Bankers
Equity during the eighties. Since retirement from public service, besides Pakistan
Tobacco Company Limited, Mr. Idris is associated with the boards of Hinopak
Motors, Orix Investment Bank, and AI-Ghazi Tractors - all three have foreign
investments. He is also Chairman of Pakistan Automotive Manufacturers
Association. He writes a column for DAWN on Sundays mostly on current affairs.
Mueen Afzal
Mueen Afzal graduated with Honours from the Punjab University before
going to Oxford University in 1963. He joined the Civil Service in 1964. He served
in various prominent positions in Finance and Health ministries with the Provincial
and Central Government. He also served as Secretary General, Finance and
Economic Affairs with the Government from 1999 to 2002. He is also on the boards
of various reputed organizations / institutions which include Pakistan International
Airline (PIA), ICI Pakistan Limited, Murree Brewery Company Limited,
Beaconhouse National University Foundation, Al-Shifa Trust, Pakistan Poverty
Alleviation Fund, Pakistan Philanthropy Centre, Sanjan Nagar Trust and Azgard
Nine (Pvt.) Limited etc.
Mueen Afzal is also the Chairman of Pay and Pension Committee of Government of
Pakistan and is a member of advisory board of Pakistan Cricket Board.
 Planning:
Annual General Meeting
Notice of Annual General

Meeting
Notice Is Hereby Given that the Sixtieth Annual General Meeting of Pakistan
Tobacco Company Limited (“the Company”) was held at Evacuee Trust Complex
(First Floor), Sector F-5/1,
Agha Khan Road,
Islamabad.
On Friday, 20th April, 2007 at
11.00 a.m.
Ordinary Business:
1) To receive, consider and adopt the audited Accounts for the year
ended 31st December, 2006, and the Report of the Directors and
Auditors thereon.
2) To approve the Dividend of Rs.4.40 per share as recommended by
the Board.
3) To appoint Auditors and to fix their remuneration.
4) To elect twelve directors as fixed by the Board for a period of three
years commencing 20th April, 2007. The names of the retiring
directors are Mr. Aslam Khaliq, Mr. Toh Ah Wah, Mirza Rehan
Baig, Mr. Mobasher Raza, Mr. Ahmed Zeb, Mr. Feroze Ahmed, Lt.
Gen. (Retd.) Ali Kuli Khan Khattak, Mr. Ben Willieum Fourie, Mr.
Fatehali Walimuhammad Vellani, Mr. Istaqbal Mehdi, Mr. Kunwar
Idris and Mr. Mueen Afzal.
By Order of the Board
Ayesha Rafique
Company Secretary
March 29, 2007
Islamabad
 NOTES:
(1) The Share Transfer Books of the Company will be closed from 11th April 2007,
to 20th April 2007, both days inclusive. Transfers received in order at the office of
the Company's Share Registrar, Ferguson Associates (Pvt.) Ltd, State Life Building
No.2-A, 4th Floor, I. I. Chundrigar Road, Karachi at the close of business on 10th
April 2007 will be in time to be entitled to vote and for the entitlement of dividend.
(2) A member of the Company entitled to attend and vote at the General Meeting is
entitled to appoint a proxy and such proxy will have the right to attend, speak and
vote in place of that member. Forms of proxy must be deposited at the office of the
Company's Share Registrar not less than 48 hours before the time appointed for the
General Meeting and in default forms of proxy will not be treated as valid.
(3) Attendance of the General Meeting by account holders, sub-account holders

where, in all cases, their registration details are uploaded to the Central Depository
System shall be in accordance with the following:-
A) In person:
i) The Company shall obtain list of beneficial owners from

the Central Depository Company (“CDC”) as per
Regulation 12.3.5 of the CDC Regulations;
ii) In the case of individuals, authentication of their identity
through presentation of his/her National Identity Card
(NIC) or original Passport at the time of the General
Meeting; and
iii) In the case of a corporate entity, presentation of a Board
of Directors’ Resolution/Power of Attorney with
specimen signatures of the nominee at the time of the
General Meeting.
B) By Proxy:
i) In case of individuals, the submission of the proxy form as per the

requirement notified in Note 2 above.
ii) The proxy form shall be witnessed by two persons whose names,
addresses and NIC numbers shall be stated on the form.
iii) Attested copies of NIC or the passport of the beneficial owners and
proxy shall be furnished with the proxy form.
iv) The proxy shall produce his original NIC or original passport at the time
of the General Meeting.
v) In case of a corporate entity, the Board of Directors’ Resolution/Power
of Attorney with specimen signatures shall be submitted with the proxy
form to the Company.
(4) Shareholders are requested to notify the Company’s Share Registrar promptly of
changes in their address.

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1 The Project Report Of Pakistan Tobacco Company Ltd.

University Of Arid Agriculture Rawalpindi. (UAAR)

University of Arid Agriculture

PROJECT REPORT ON:

Submitted In Respect Of:

Sir Shuja Ilyas

SEARIL NO. DESCRIPTION PAGE NO.

In the first place we would like to thank whole-heartedly to

We would also like to show our gratitude to all those

In the end, we would like to thank our Parents, who

This report contains the introduction, history of Pakistan Tobacco

• PTC Follows Three Fundamental

modern agricultural and industrial practices, PTC has helped in the

Jean Nicot, the French ambassador to Lisbon recommends tobacco

Conquistadors bring tobacco back to Spain as a luxury for the

Sir Francis Drake returns from the Americas with what is

James I grant two traders exclusive rights to import

King James I bans domestic cultivation of tobacco – and announces that it is

Following the advice of his minister Cardinal Richelieu,

The court physician to Louis XIV, Fagon, offers a

18th & 19th Century:

British and French soldiers fighting in Spain during the Napoleonic

Smoking compartments are introduced on English railways.

In America, 26 states pass laws banning the sale of cigarettes to

20th Century and Today:

The Imperial Tobacco Company of the United Kingdom and The

Outbreak of World War I. General John J. Pershing, commander-in-

The tobacco industry sees substantial annual duty increases which

 2000 and beyond:

Litigation continues to be a significant issue for the tobacco industry,

Pakistan Tobacco Company was incorporated in 1947 immediately after

The company is the part of the world wide BRITISH AMERICAN

 Defining The Objective And Vision Of PTC:

The objective of PTC is ultimately to be the world’s number one

In pursuit of their strategy, since 1991, BAT (parent company) has

“First choice for everyone”

• Regaining volume and value leadership by positioning viable brands in all

Business Principles:-Mutual Benefit, Responsible Product

Our company follows three fundamental Business Principles: Mutual

The principle of Mutual Benefit is the basis on which we build our

• Creating long term shareholder value

The principle of Responsible Product Stewardship Is the basis on which we

• Provision of accurate, clear health messages about the risks of tobacco

4) Good Corporate Conduct:

• PTC businesses to uphold high standards of behaviour and integrity

 The Board Of Director:

Aslam Khaliq joined Pakistan Tobacco Company in 1967 as an agronomist.

career with Rothmans, Malaysia as a Management Trainee in 1981. He spent 10.5

Ahmed Zeb joined the Company as a Management Trainee in the Production

In PTC, Feroze joined as the Head of IT in October 2003, was promoted to IT

Mirza Rehan Baig

Rehan Baig joined Pakistan Tobacco Company as an International Secondee

Lt. Gen. (Retd.)

Brendan James Brady

Fatehali Walimuhammad Vellani

public listed companies in Pakistan with foreign investment from leading

Secretary, Home Secretary of Sindh and District Magistrate / Commissioner of

Annual General Meeting

Notice of Annual General

(3) Attendance of the General Meeting by account holders, sub-account holders

i) The Company shall obtain list of beneficial owners from

i) In case of individuals, the submission of the proxy form as per the

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