Français  |  Mission  |  About us  |  Disclaimer  |  Contact  |  What's new  |  FAQ  |  Search  | 

Welcome to The Heritage Web Site

MY HERITAGE
New Heritage
Main Page
New Account
Set as Homepage
My Account
Logout
GOLDEN JUBILEE
Statistics
DIDARS
COMMUNICATE
Forums
Guestbook
Members List
Recommend Us
NEWS
Recent News
Timelines
Ismaili History
Today in History
LEARN
Library
Youth's Corner
Ginans
FAIR
FAIR-TV
Gallery
Photo Album
Others
Poll
Old or New Heritage Web Site?

· Old ismaili.net better
· New ismaili.net better
· No preference for me

Results | Polls


Votes: 572

www.ismaili.net :: View topic - Habib Bank Activities - AKFED
FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups  ProfileProfile   
Login to check your private messagesLogin to check your private messages

Habib Bank Activities - AKFED

 
Post new topic   Reply to topic    www.ismaili.net Forum Index -> Institutional Activities
View previous topic :: View next topic  
Author Message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Sat Feb 28, 2004 9:12 am    Post subject: Habib Bank Activities - AKFED Reply with quote

The following are some of the comments about the recent purchase of Habib Bank by the AKFED. Obviously not everyone is going to be happy about it. Nevertheless it is interesting from the point of view of how HazarImam and his activities are perceived by others. I hope and pray that the new organisation will work within the framework of the vision of HazarImam and serve as a role model for the operation of the banking institutions in an ethical context and prove these doubts and suspicions as irrelevant to the long term vision of Pakistan.

The recent sale of Pakistan's Habib Bank to Aga Khan Fund for Economic Development
has clearly struck a nerve. I highly recommend reading the op-ed piece below. It starts
out discussing whether the government got an appropriate price from the sale - fair
arguments and valuable questions from an engaged opposition - but then, the tone shifts
towards the end. Here's some quotes:


For example, since the AKFD functions primarily as the welfare driver for a specific community, its staffing, management-employment, out-sourcing, procurement and lending priorities are heavily biased in favour of that community...

...in Pakistan the AKF is known to be deeply involved in executing the education-changing reform agenda of foreign governments, for some of whom it also implements and monitors many other social-objective programs. Post 9/11, it has been entrusted by the Pakistan government with the task of preparing a new syllabus and conducting examinations for an alternate secondary level education.

With control of Habib Bank, in selected geographical areas the AKFD will be in possession of a combination of financial power and mind-control influence not equalled in South Asia by any private enterprise since the East India Company. Without for a moment doubting the AKFD’s good intentions, the fault-lines inherent in such a situation should not be underestimated, especially the possibility that other interested actors can infiltrate and misuse this organization for non-commercial objectives. Importantly, as experienced in many other underdeveloped societies, perhaps also in the charged political atmosphere of Pakistan the perception that any particular community or organization exercises financial power disproportionate to its size may result in its becoming the focus of envy and unwelcome attention.
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Sat Feb 28, 2004 9:20 am    Post subject: Purchase of Habib Bank. Reply with quote

For more information on the purchase, please refer to the following address.

http://www.akdn.org/news/HabibBank_2602004.htm
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Wed Apr 27, 2005 5:26 am    Post subject: First Anniversary of the Purchase Reply with quote

Spectacular performance by Habib Bank within a year after taken over of management by AKFED.

Latest news from Dawn .

HBL achieves another milestone Karachi, April 26 PPI: Habib Bank Limited HBL Tuesday reported profit after tax of Rs. 5.6 billion for the year ended December 31,2004 reflecting impressive 41% increase over last year.The bank achieved another milestone by declaring a dividend after12 years within first year of privatization. This indicates progress made in restructuring the bank over past few years, which has gained momentum after recent successful privatization and transfer of management control to Aga Khan Fund for economic development. billion (177%). Trade volumes increased to $ 5,062 million for the year. In addition, HBL maintained its lead position inward remittance business US$ 800 million were brought in through international network of branches.(Posted @ 20:30 PST)

Here is another report about the bank appeared in Gujarati
daily,'Millat', published from Karachi.

"The bank's extraordinary performance is possible mainly due to
competent top management by AKFED....After utilizing some of the
profit for dividends to share holders, the bank is planning to pump
the rest into the bank to provide better and efficient services to
the customers and the businessmen..... Initially it is also planning
to introduce electronic banking in some branches....No doubt such
effective steps for development would compel other private banks to
improve their services which could prove a revolution in banking
sectors in Pakistan in next five to ten years."
Back to top
View users profile Send private message
mendicant



Joined: 02 Sep 2006
Posts: 21

PostPosted: Tue Sep 19, 2006 11:43 am    Post subject: Reply with quote

2 (two) Reports:
-------------------------
Tuesday, September 19, 2006
HBL expects China buy in few months
SINGAPORE: Pakistan's Habib Bank Ltd hopes to wrap up plans to purchase a stake in China's Urumqi City Commercial Bank in the next few months, Zakir Mahmood, president of the bank, said on Monday. "We have signed a memorandum of understanding with the UCCB," he said. "We hope in the next few months we will reach a conclusive stage." The firm has previously said it's looking to buy a stake of up to 19.9% in UCCB, a move that would mark the first purchase by a Pakistani bank of a stake in a domestic Chinese bank. Foreign investors, mostly European and US banks, have invested more than $20 billion in domestic Chinese banks in the past two years. dow jones newswires

http://www.dailytimes.com.pk/default.asp?page=2006\09\19\story_19-9-2006_pg5_12

Tuesday, September 19, 2006
IFC finances HBL expansion
Staff Report ISLAMABAD: The International Finance Corporation on Monday announced $50 million in long-term funding for Habib Bank Limited (HBL), the largest private commercial bank in Pakistan, to support its post-privatization expansion into the retail, consumer and small and medium-enterprise markets. Habib Bank is the first bank in Pakistan to raise dollar-denominated debt that can be used to expand its capital base and provide loans with longer maturities to its clients.

Beyond financing, the IFC's Private Enterprise Partnership for the Middle East and North Africa (PEP-MENA) will work with the HBL on a range of technical assistance projects to address the shortage of skilled bankers in the expanding Pakistani banking system by upgrading the HBL's staff training facilities and curriculum, increase its capacity to provide credit and other financial services to small and medium businesses, collaborate with the HBL, local banks and banking associations to introduce environmentally and socially sustainable financial products and develop the capacity of banks to make environmental assessment of projects. Michael Essex, IFC's director for the Middle East and North Africa, said: "the IFC's loan and technical assistance will support Habib's post-privatization expansion and make credit available to smaller enterprises that are typically overlooked or underserved by banks, yet are the engine of growth and economic diversification in Pakistan."

The $50 million in IFC financing is part of a broader $120 million investment package for Habib Bank approved by the IFC board, which includes a proposed equity investment and trade finance facilities under the IFC's Global Trade Finance Program.

http://www.dailytimes.com.pk/default.asp?page=2006\09\19\story_19-9-2006_pg5_11
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Sun Feb 21, 2010 5:29 am    Post subject: Reply with quote

(AFX UK Focus) 2010-02-19 10:06
Pakistan's HBL 2009 net profit at 12.3 bln rupees

KARACHI, Feb 19 (Reuters) - Habib Bank Ltd. (HBL), one of Pakistan's biggest banks, reported on Friday a full 2009 net profit of 12.3 billion rupees ($145 million) compared with a net profit of 10 billion rupees last year.
HBL, majority-owned by the Aga Khan Fund for Economic Development, posted an earning per share of 13.50 rupees, compared with 10.98 in 2008.
HBL was trading 2.52 percent higher at 127 rupees at 0948 GMT, in a broader market that was up 0.49 percent.

http://www.iii.co.uk/news/?type=afxnews&articleid=7757157&action=article
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Sun May 23, 2010 5:35 am    Post subject: Reply with quote

HBL donates Rs 10m for Hunza IDPs
Staff Reporter

Karachi—Habib Bank has donated Rs. 10 million to assist IDPs affected by the natural disaster in Hunza Valley. These funds are meant to support the residents by restoring a semblance of normalcy in their lives and accelerating the process of rehabilitation.

Jhanzeb Mir, Area Manager - Gilgit-Skardu, presented the cheque to Ms. Shama Khalid, Governor Gilgit-Baltistan. Jhanzeb Mir, said, “We think that working together is the only way through which we can overcome the misfortunes that have been caused by this catastrophe. We hope that our contribution will help assuage the difficulties that the people of Hunza Valley will face over the next few months.”

Also speaking on the occasion, the Governor, Gilgit-Baltistan said, “On behalf of the Government of Pakistan, we would like to extend our gratitude and thanks to HBL for their contribution and concern. 10,000 people were affected by the catastrophe that befell our region and we are grateful for the work done not only by HBL, but by various AKDN institutions. We are confident that the support extended by our benefactors will greatly assist in re-establishing the lives of the residents of Hunza Valley.”

http://pakobserver.net/detailnews.asp?id=31948
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Sun Jul 03, 2011 10:50 pm    Post subject: Reply with quote

Habib Bank growing steadily in UK

LONDON: Habib Bank is making steady strides in the UK through its consumer friendly strategies that has allowed the financial organisation to have turn over of GBP 5.2 million last year.

Speaking at a weekend dinner hosted in honour of its outgoing UK CEO

Nauman Dar, Zakir Mahmood, Chairman, Habib Bank UK said the bank enjoys immense brand amongst its South Asian clientele whose confidence has enabled it to achieve greater heights.

He paid tributes to the leadership of Dar for increasing the profitability of the bank from GBP 1 and half million during his eight years in London as the chief executive officer to its current position.

Habib Bank UK, was incorporated in the UK in 2001.It is a 90.5% owned subsidiary of Habib Bank Limited (HBL). The remaining 9.5% is owned by Allied Bank Limited.

The majority ownership of HBL (51%) rests with the Aga Khan Fund for Economic Development (AKFED) which is registered in Switzerland. 49% is owned by the Government of Pakistan and the eight per cent is listed on the Karachi Stock Exchange.

Mahmood said over the years, HBL has grown its branch network and become the largest private sector bank in Pakistan with over 1,450 branches.

HBL also has global presence through branches, subsidiaries and affiliates in 25 countries.

He told the gathering that in May this year, Habib Bank acquired Habib Sons UK, the original founding family of Habib Bank, together with its Zurich and Leicester branches. These acquisitions, he added, will allow the bank to flourish further and create value for shareholders.

"We understand the personal and business requirements of the South Asian communities and are dedicated to serve their needs through exercising the values of excellence, integrity and customer focus," Mahmood said.

The incoming CEO Anwar Zaidi in his remarks on the occasion, said by adhering to the basic banking principles, Habib Bank UK has been able to see through the difficult and volatile conditions of the recent years.

He praised the managerial skill of his predecessor and said : Through the dedication of all my colleagues and the able stewardship of Nauman, HBL UK has grown steadily into a size that allowed us to join up with another entity in the UK to double our balance sheet.

Dar in his valedictory remarks thanked his colleagues for their support and assistance in helping the bank to grow and progress to its current position and said he looks forward to new challenges in Karachi where he will be the head of both HBL International and of the corporate banking.

http://www.brecorder.com/pakistan/banking-a-finance/19115-habib-bank-growing-steadily-in-uk.html
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Fri Nov 25, 2011 6:05 am    Post subject: Reply with quote

Over Rs19m looted as poor policing emboldens robbers

Kamran Mansoor
Friday, November 25, 2011

[Over Rs19m looted as poor policing emboldens robbers]

Robbers looted more than Rs19 million from a private bank and a security company in the city on Thursday, just a day after a branch of another private bank was robbed of millions.

On Wednesday, four men had taken away around Rs4 million from a branch of the Habib Metropolitan Bank situated in the Karim Centre of Gulshan-e-Iqbal. The heist was committed in just eight minutes.

On Thursday, criminals, including two men allegedly involved in Wednesday’s hold-up, set a new robbery record as they took only five minutes to deprive the Aga Khan Jamaat Khana Branch of the Habib Bank of Rs4.4 million.

Police said seven men riding a hi-roof and a motorcycle pulled up in front of the bank in the Soldier Bazaar area at around 9:15am. Five of the suspects entered the bank, overpowered the guard, Khanzada, and snatched his weapon. They then told all staffers and customers to lie down on the floor.

As three of the robbers kept watch, others collected Rs4.4 million from the counter and the strong room. Before fleeing, they damaged all CCTV cameras and also took away footage.

According to the bank manager, Ameena Shewani, the robbers completed their operation in five to six minutes. All the robbers were said to be young well-dressed.

Later, police teams, including personnel of the Special Investigation Unit (SIU), arrived in the bank and gathered evidence. The bank manager lodged an FIR at the Soldier Bazaar police station against unknown criminals. It was the 18th bank robbery in the city this year.

SIU SSP Raja Umar Khattab told The News that two of the suspects were identified as Nasir and Ghulab Shah, saying that they were also involved in Wednesday’s heist.

He said Nasir hailed from Parachinar and Gulab was from Kohat. Both were also said to be involved in more than six bank robberies.

In another brazen incident of robbery, six men riding two motorcycles intercepted a vehicle (KA-1701) of the Phoenix security company near Korangi Crossing in the Awami Colony police limits.

They opened fire at the vehicle with sophisticated weapons and injured the driver, Ameer Zameen Khan. The two security guards in the vehicle returned fire. In the shootout, both security guards — Meer Kabeer Khan, 50, and Gul Faiyaz Khan, 45 – were wounded. Two of the suspects then opened the money box with gunshots and escaped with Rs15 million.

Later, police arrived on the scene and started investigations. They were taking the injured to the JPMC in a critical condition when one of them, Meer Kabeer Khan, breathed his last.

According to the police, the vehicle had been carrying over Rs75 million from different branches when it was attacked. The police said the robbers only took Rs15 million as they could not spot the rest of the money in haste.

The injured guard told the police that the robbers appeared to be militants.

http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=79223&Cat=4&dt=11/25/2011
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Thu Dec 01, 2011 9:45 am    Post subject: Reply with quote

Privatisation deal: No illegality in HBL bidding process, says SC
Bench says transp­arency in the biddin­g proces­s of the bank was not in questi­on.

By Qaiser Zulfiqar
Published: November 30, 2011

The petitioners had contended that HBL’s value at the time of bidding in 2004 was Rs22.4 billion, which being the highest bid, was lower than the existing value of the net assets of the bank.
ISLAMABAD:

While dismissing identical petitions seeking to rescind Habib Bank Limited’s privatisation, a three-member bench of the Supreme Court observed that no illegality was committed in the bidding process for the bank.

After listening to arguments, the bench, comprising Justice Tassaduq Hussain Jillani, Justice Mian Saqib Nisar and Justice Ejaz Afzal Khan, announced a short order saying transparency in the bidding process of the bank was not in question. The transparency had been challenged by two petitions.

Counsel for the cabinet committee on privatisation (CCoP) and privatisation commission (PC) Chaudhry Aitzaz Ahsan said in his arguments that the HBL bidding process was carried out in a transparent way and all assets of the bank were declared in black and white prior to bidding. Responding to a question raised by Justice Saqib Nisar, the counsel submitted that based on details relating to bonds and amount of tax receivables as assets in the balance sheet of the bank, the reference price was fixed.

The privatisation of HBL was challenged by former planning secretary Dr Akhtar Hassan Khan, President Watan Party, Barrister Zafarullah Khan and one Amjad Ali who contended that facts were concealed by CCoP, PC, HBL and the Agha Khan Fund for Development (AKFD) during the bank’s auction.

The petitioners had contended that HBL’s value at the time of bidding in 2004 was Rs22.4 billion. Their contention was that this, being the highest bid, was lower than the existing value of the net assets of the bank, which they claim were Rs23.7 billion in 2003. After accepting the petitions the SC had issued notices to the CCoP, chairman PC, President HBL and to the AKFD on September 16, 2011.

Muhammad Ikram Chaudhry, counsel for former planning secretary Dr Akhtar Hassan Khan, contended that AKFD as the successful bidder purchased HBL’s shares/transferee of management through the disputed privatisation process, adding that at the time of bidding in 2003-04 the bidder AKFD was availing a loan facility from HBL for development and construction of Serena Hotels.

Chaudhry pleaded that the bidding of HBL was conducted for ulterior gains where material facts were concealed and argued that this provided sufficient grounds for disqualification from bidding.

Published in The Express Tribune, November 30th, 2011.

http://tribune.com.pk/story/299903/privatisation-deal-no-illegality-in-hbl-bidding-process-says-sc/
Back to top
View users profile Send private message
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Fri Feb 10, 2012 12:52 pm    Post subject: Reply with quote

SC upholds HBL privatisation as legal

Shoaib A Raja
Thursday, February 09, 2012
3

ISLAMABAD: The Supreme Court on Wednesday declared the Habib Bank Limited (HBL) privatisation lawful saying under the best global practices the government had transferred the bank’s ownership in a transparent manner to Aga Khan Fund for Economic Development (AKFED) as successful bidder.

Earlier, some petitions filed against the privatization of HBL were disposed of by a three-member bench of the apex court headed by Justice Tassaduq Hussain Jillani, who announced a short order in the matter on November 29, 2011.

Almost the 70-paged detailed judgment was authored by Justice Tassaduq Hussain Jillani in identical constitutional petitions filed by Dr Akhtar Hassan Khan and Watan Party through its president Barrister Zafarullah Khan, who made the Federation of Pakistan and others as respondents.

The petitioners had challenged the HBL open bidding of December 12, 2003 under Article 184(3) of the Constitution of Pakistan. One of the petitioners, Dr Akhtar Hassan Khan, former Federal Secretary Planning, Government of Pakistan, had alleged that the bidding process of HBL was not transparent, saying the Economic Coordination Committee (ECC) approved issuance of bonds amounting to Rs9.84 billion against income tax funds due to the HBL

http://www.thenews.com.pk/TodaysPrintDetail.aspx?ID=91799&Cat=2
Back to top
View users profile Send private message
Admin



Joined: 06 Jan 2003
Posts: 3177

PostPosted: Thu Mar 19, 2015 7:51 pm    Post subject: Reply with quote

tribune.com.pk/story/856002/financial-moves-hbl-looking-to-acquire-first-microfinance-bank/


Financial moves: HBL looking to acquire First Microfinance Bank

By Kazim Alam

Published: March 20, 2015

HBL disclosed that it is committed to investing a maximum amount of Rs2 billion in acquiring First Microfinance Bank ‘by way of equity’ over the next three years. PHOTO: EXPRESS
KARACHI:

Habib Bank (HBL) is expected to enter the microfinance banking segment by acquiring Pakistan’s second largest microfinance bank in terms of the value of savings, according to a regulatory filing by the country’s biggest commercial bank on Thursday.

“HBL intends to look at acquiring significant shareholding in First Microfinance Bank, which already has a base and presence in the microfinance sector all over Pakistan,” HBL said in the notice while choosing not to disclose the amount of investment it is willing to commit.

However, under the statement of material facts that it published a fortnight ago along with its annual report for 2014, HBL disclosed that it is committed to investing a maximum amount of Rs2 billion in acquiring First Microfinance Bank ‘by way of equity’ over the next three years.

Pakistan’s largest conventional bank with total assets of over Rs1.7 trillion, HBL operated nearly 1,600 branches at the end of 2014.

Although financial statements of First Microfinance Bank are not available publicly, centralised databank for the microfinance banking industry shows its total value of savings at the end of 2014 was Rs8.7 billion with a market share of 20.1%. Its gross loan portfolio was over Rs5 billion, which made it the fifth largest provider of microcredit with a market share of 7.6%.

HBL intends to obtain a “majority shareholding” in First Microfinance Bank, reads the ‘special resolution’ that will be proposed at the 73rd annual general meeting of HBL shareholders on March 27.

The exact shareholding that HBL is going to acquire depends on the share price, which will be determined following the completion of due diligence and valuation by an independent firm of chartered accounts. However, HBL has stated that it will purchase shares up to a total value of Rs2 billion. First Microfinance Bank had equity of Rs1.1 billion at the end of 2013.

The State Bank of Pakistan (SBP) has granted HBL the permission to conduct due diligence and evaluate the operations of First Microfinance Bank.

Currently, HBL does not hold any shares in First Microfinance Bank directly. However, the two entities are associated by means of their parent company. Aga Khan Development Network, through Aga Khan Fund for Economic Development (AKFED) and Aga Khan Agency for Microfinance (AKAM), owns more than 20% shares in both HBL and First Microfinance Bank.

First Microfinance Bank became profitable in 2013 when it posted earnings per share of Rs1.06 after recording a loss per share of Rs0.93 and Rs0.50 in 2011 and 2012, respectively. The operating profit of First Microfinance Bank was Rs171 million in 2013, up 204.8% from the preceding year, according to the statement of material facts released by HBL.

Published in The Express Tribune, March 20th, 2015.
Back to top
View users profile Send private message Visit posters website
kmaherali



Joined: 27 Mar 2003
Posts: 10664

PostPosted: Wed Apr 15, 2015 2:35 am    Post subject: Reply with quote

Pakistan to raise more than $1 billion via Habib Bank sale

Syed Raza Hassan and Katharine Houreld

KARACHI, Pakistan (Reuters) - Pakistan will raise more than $1 billion by selling its entire stake in Habib Bank Limited, a government official said Saturday, a deal that will be the country's biggest privatisation so far.

The government will sell its 42.5 percent stake in Pakistan's biggest bank at 168 rupees (about $1.6icon_cool.gif per share after a successful book-building exercise last week, Mohammad Zubair, the chairman of the Privatisation Commission, said.

"It was an international and domestic offering and we received tremendous response from both the markets," he told reporters.

"Pakistan will be richer by around over a billion dollars due to this transaction and the bulk of money, more than 764 million dollars, is in foreign exchange."

The sale is part of Pakistani Prime Minister Nawaz Sharif's plans to privatise 68 public companies, most of them loss-making. They include two gas companies, an oil company, about 10 banks, the national airline and power distribution companies.

The government has said the sell-offs will prevent further losses and stabilise an economy crippled by power shortages, corruption and militant violence.

Habib, Pakistan's oldest bank, is 51 percent owned by the Agha Khan Fund for Economic Development and 7.5 percent by private investors.

Habib's balance sheet grew by nine percent last year to $19 billion, according to its 2014 annual report. Profit after tax increased by 38 percent to $318 million and earnings per share increased from $0.15 in 2013 to $0.22 for 2014.

"This strong performance was primarily driven by a 25 percent increase in total revenue," the report said.

Last month, Habib announced that it had signed an agreement with Barclays Bank Plc (BARC.L) for the acquisition of the Barclays banking business in Pakistan, subject to regulatory approvals.

Amreen Soorani, an analyst with JS Global Capital Limited, said she expected Habib's earnings to grow at a five-year compound annual growth rate of nine percent, partly driven by increasing retail interests and remittances.

But falling interest rates might eventually hurt profitability, she said. Pakistan's State Bank cut interest rates to eight percent last month, an 11-year low.

Zubair said that Habib had interests in multiple sectors and was expected to provide some local financing for the Pakistan-China economic corridor, a $45.6 billion project involving rail, road, and energy links.

Chinese president Xi Jinping is expected to visit Pakistan this month and sign a number of agreements related to the project.


(Writing by Katharine Houreld. Editing by Jane Merriman)
http://finance.yahoo.com/news/pakistan-raise-more-1-billion-133332846.html
Back to top
View users profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    www.ismaili.net Forum Index -> Institutional Activities All times are GMT - 5 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB 2.0.1 © 2001, 2002 phpBB Group




Fatal error: Call to a member function Execute() on a non-object in /home/heritage/web/webdocs/html/includes/pnSession.php on line 400