Business Groups

AKD Securities is already a major player in the Pakistani venture capital industry, having invested in three hi-tech companies with a total of over 65 employees. AKD plans to hold these investments through 'TMT Frontier Ventures' - a venture capital company focusing on the telecom, media and technology sector - once pending legislation is completed in Pakistan for the formation and operation of venture capital funds.

TMT's 35,000 Karachi Cyberport will be completed by September 2000, but 2B Technologies has been operating from a completed portion of the Cyberport since June 2000. TMT's Cyberport is the first incubator for hi-tech companies in Pakistan. In addition to providing infrastructure and support services to TMT's portfolio companies, the Cyberport will create opportunities for collaboration and creative cross-pollination among hi-tech companies.

2B Technologies
AKD has backed 2B Technologies, a Computer Telephony Integration (CTI) specialist. 2B is currently developing a customized reporting engine for call center solutions. This vendor independent reporting solution can be ported to any call center solution provider. It is scheduled for launch in August 2000.

yEvolve
AKD has invested in a web development company, yEvolve (www.yevolve.com). yEvolve's dynamic team of creative and technical professionals has developed web sites for reputable Pakistani and international companies, and has also developed a Pakistani trade directory on the Internet for exporters and importers (www.paktrex.com).

Softel
AKD has financed the development of an integrated electronic trading platform for stock, money market and foreign exchange trading through Softel. Softel's groundbreaking system was recently unveiled before the heads and chief technical personnel of most of Pakistan's leading banks and brokerage houses at a reception hosted by AKD's Chairman.

Since investing in the above companies, AKD has introduced a number of major initiatives to help provide strategic direction and broaden the customer base. AKD's strategy of aggressively pursuing international strategic alliances on behalf of its portfolio companies has already yielded a number of promising opportunities.

In addition to a number of investment opportunities in the software sector, AKD is studying several projects on the media and infrastructure side to help accelerate Internet penetration among Pakistani businesses and consumers.

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