Page 189 - Pakistan Oilfield Limited - Annual Report 2022

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Annual Report 2022

38.2 Details of associated Company incorporated outside Pakistan with whom the Company had
entered into transaction or had agreements are as follows:

i) Name of undertaking The Attock Oil Company Limited
ii) Country of Incorporation United Kingdom
iii) Basis of association Parent Company
iv) Aggregate %age of shareholding 52.77%

39. CONTRIBUTORY PROVIDENT FUND
Investments out of provident fund have been made in accordance with the provisions of section
218 of the Companies Act, 2017 and the rules formulated for the purpose.

40. DISCLOSURE REQUIREMENTS FOR ALL SHARES ISLAMIC INDEX

Description Explanation
i) Loans and advances Non-interest bearing

ii) Deposits Non-interest bearing
iii) Segment revenue Disclosed in note 31
2022 2021
Rupees ('000)

iv) Bank Balances
Placed under interest arrangements 67,679,367 47,477,089

Placed under Shariah permissible arrangements 2,520 1,120
67,681,887 47,478,209

v) Income on bank deposits
Placed under interest arrangements 3,190,318 723,167

Placed under Shariah permissible arrangements 107 48
3,190,425 723,215

vi) Dividend income Disclosed in note 29.1 & 29.2
vii) All sources of other Disclosed in note 29
income

viii) Exchange gain Earned from actual currency
ix) Relationship with banks Following is the list of banks with which the Company has a
having Islamic windows relationship with Islamic window of operations:
1. Meezan Bank Limited
2. Albaraka Islamic Investment bank
3. Bank Islami Limited