Director's Message
Dear Customer,
We, Hussain Mills Limited has continuously developed ourselves over the years and tailored successfully to a rapidly changing business environment. It has detained numerous opportunities along the way and is ready to do it again without losing sight of strategic goals, balanced product mix, careful risk management, and effective cost control measures.
With a continued focus on its fundamental mission, Hussain Group is sustaining its spirit to overcoming challenges of present times on its way to become the best in class in terms of customer service through quality products and corporate responsibility.
Today, by the grace of Almighty Allah, this group stands as one of the Pakistan’s largest group with a broader track, steady domestic and global market share with the help of over 4000 employees. The years have been punctuated with several milestones, some more important than others, but all helping to turn Hussain Group into a 21st century growing organization.
The continuing economic difficulties and ever-changing market dynamics require prudent risk management. With that in mind, industry experts with engineering back group and risk management expertise are being inducted to mitigate risk. To counteract the impact of the financial turmoil and economic recession, we carefully planned our use of capital and tightened the control of the growth of risk weighted assets throughout the year. We re-aligned our assets portfolio in line with changing dynamics to have lesser exposure in risky segments.
In a time of great uncertainty when floods made a clean sweep of a large portion of cultivated lands of our beloved country and caused millions of people to survive under the naked sky, we the Hussain Group were more compact than ever. In a time when confidence and patience were tested, we were patient and more confident than ever of our nation’s extraordinary resilience in the face of misfortune and that our team members at Hussain Group are satisfying customers’ needs and helping them succeed in all circumstances, come what way.
In 2011, we will continue to focus on our vision and on doing what is right for our customers. Now more than ever before, we at Hussain Group want to stand by our customers and do what is right for them just as we have done in the past.
I want to exchange a few words of appreciation and thank to the entire management team and staff of Hussain Group for their achievements during what has been one of the challenging years for Pakistan. I thank our customers for entrusting us with more of their business and continue relationship with us. My thanks go to the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan for their support, trust and valuable contributions. Last, but not the least, I thank you, our shareholders, stakeholders, for your continual confidence in Hussain Group.