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Financial
Operation
Pragati
has been in financial sector operation like share underwriting,
trusteeship to the debenture issues, trading of shares and other
securities at both primary and secondary market since long.
Pragati-RPR Centre
Pragati
has built a 16 storied high rise building at Kawran Bazar, Dhaka
-1215 under a joint venture programme with Rhone Poulenc Rorer
(RPR) Bangladesh Ltd which has completely changed the sky line
of the area. Out of 16, 4 floors (2nd to 5th) belong
to RPR and rest 12 floors belong to Pragati. The Head Office
of the company is situated at the 12th, 13th
& 14th floors.
Signing
ceremony of the JRL agreement between Pragati Insurance
Ltd.
& Govt. of Bangladesh. |
Pragati
is one of the sponsor shareholders and Directors of National
Housing Finance Bank and Investment Limited. The company has
started its operation in 1999 and has been a profit making organization
since the very first year.
Guests
being received at a dinner party by the Chairman &
MD |
Industrial and Infrastructure Development Finance Company Limited
(IIDFCL)
Pragati
has also sponsored of IIDFCL which has started operation from
April, 2001. The Bank was established with the objective of
financing industries and infrastructure facilities, participating
in the privatization of banking and non-banking financial institutions,
managing classified assets of financial institutions through
launching of Asset Management Companies and performing other
related function.
Discussion
meeting between Pragati officials & Overseas Reinsurance
Brokers |
Land Development
Pragati
has a big chunk of land measuring 86 kathas in the prime location
of Dhaka. The land is situated on the corner of Panthapath and
Sonargaon Road crossing opposite Sonargaon Hotel. Various alternatives
are being examined by the company for proper utilization of
the land.
Pragati has another piece of land measuring 2.3 acres in Joydevpur,
which is at the periphery of Dhaka Mega City and the value of
which is increasing very rapidly.
It also has another piece of freehold land near the lake city
of new Gulshan.
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