First Paramount Modaraba
11.12
PKR
-0.36
(-3.14%)
ISIN
PK0072201012
Return %
Stock
S&P 500
1Y
-16.72
14.20
3Y
93.91
81.12
5Y
123.31
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Karachi Pakistan
- IPO Date
- Apr 5, 1995
- Website
- fpm.com.pk
- Similar Companies
- Business
- First Paramount Modaraba is a Pakistan-based multipurpose, perpetual, and multidimensional non-banking Islamic financial institution managed by Paramount Investments Limited. Headquartered in Karachi, Pakistan, and established in 1992 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, the company operates across Islamic financial intermediation, industrial engineering services, chemical and petroleum trading, and regulatory compliance technology. Its core financial and investment portfolio comprises Murabaha financing for working capital and asset procurement; Musharakah and Diminishing Musharakah facilities for joint ventures and long-term fixed asset financing; Ijarah leasing arrangements; Modaraba-based financing instruments; and Certificates of Musharaka (COM) term investment products offered across varying tenures for institutional and retail investors. Complementing its financial operations, the company operates several specialized commercial and industrial divisions, including FPM Petro Services, which specializes in the procurement, trading, and distribution of industrial chemicals and petroleum components; FPM Solutions, which provides electrical maintenance, power generation support, equipment diagnostics, and industrial troubleshooting services to manufacturing and service facilities; FPM Geo Dynamics International, which supplies specialized engineering equipment and technical products to upstream energy and oilfield service entities; FPM AML-CFT Services (FPM AML-CHECK), which provides automated Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) screening, customer due diligence, and compliance risk management solutions; and FPM Consulting, which provides corporate advisory and business management consultancy. The company primarily serves corporate enterprises, commercial clients, small and medium-sized enterprises (SMEs), and individual investors across Pakistan. In recent corporate developments, First Paramount Modaraba executed a 50 percent rights issue at par value (PKR 10 per certificate) to strengthen its equity base and support business expansion. In addition, VIS Credit Rating Company Limited upgraded the Modaraba's long-term entity rating from BBB to BBB+ while maintaining its short-term rating at A3 with a Stable outlook. Furthermore, the company secured a regulatory extension from the Securities and Exchange Commission of Pakistan (SECP) through February 2027 to meet revised minimum equity and capital framework requirements, while continuing to expand the market footprint of its automated AML-CFT compliance screening services in collaboration with international data partners.