Karachi: First Paramount Modaraba (FPM) has reported an unprecedented revenue milestone, achieving Rs. 596 million in 2025, marking an all-time high in the company’s history. This achievement underscores the successful strategic initiatives implemented by the modaraba, which was originally floated by Paramount Investments Limited in 1994. The modaraba, which commenced its business operations on January 19, 1995, has grown its initial PKR 50 million fund to PKR 274 million, alongside accumulating more than PKR 173 million in general public deposits.
FPM’s business model is deeply rooted in Islamic finance, with its principal activities revolving around Murabaha, Modaraba, Musharaka, and Diminishing Musharaka financial products. The company’s key business segments include FPMPetroServices, FPM Solutions, and FPM AML-CHECK.
FPMPetroServices, a critical division within the modaraba, has been pivotal in driving revenue. Despite a decline in revenue from Rs. 1,549 million in 2024 to Rs. 580 million in 2025, the division continues to benefit from increased activity in the local hydrocarbon exploration sector. According to information available from the Pakistan Stock Exchange (PSX), FPM’s equity has risen to PKR 273.89 million, illustrating a significant move in its financial standing.
FPM AML-CHECK, another integral segment, has seen steady revenue growth, establishing a robust operational foundation. It provides AML/CFT screening services to regulated entities and is expected to deliver meaningful returns to certificate holders in the coming financial year.
Additionally, FPM is in the developmental stages of a Shariah-compliant Asset Fractionalization Platform, reflecting the management’s strategic focus on emerging technologies. This initiative is anticipated to open new investment opportunities and enhance value for certificate holders.
In terms of financial performance, the company’s total assets have expanded to PKR 509.28 million, while the operating profit reached Rs. 36.26 million. However, profits before tax declined to Rs. 31.98 million from Rs. 40.66 million last year. The earnings per certificate were recorded at Rs. 1.73, with a break-up value rising to Rs. 19.86.
Despite the challenges, First Paramount Modaraba has strategically positioned itself for continued growth and expansion, leveraging its diversified business segments and robust financial framework.