Partnership Deed Agreement 2023

PARTNERSHIP DEED
THIS DEED OF PARTNERSHIP, made on this day of Saturday June 10th, 2023.
NAME OF PARTNERS AND THEIR ADDRESSES:
Partner No. 1 Muhammad Saleem Raja S/O Muhammad Ramzan (Late) Holding
CNiC no.42201-9379828-3, Resident of Block D-3, House No-75, Malir Township, near
UBL Bank Malir Tanki, Karachi.
Partner No. 2 Saif Ullah S/O Shahid Ullah Holding CNiC no.17101-0908074-9
Resident of Daak Khana Parang, Parang Safer Khel of Charsdda, Tehseel & District
Charsdda
WITNESSETH AS FOLLOWS:
Whereas the parties above mentioned have agreed to carry on the business in partnership,
it is hereby declared by them that the terms and conditions for the said business be
reduced to writing.
NOW, THEREFORE, both the parties above described bind themselves and their
respective executors, administrators and legal heirs as under: -
1. COMMENCEMENT: That the partnership hereby constituted shall be deemed to

have been commenced from immediate effect.
2. FIRM’S NAME AND NATURE OF BUSINESS: That the partnership business shall
be that of to Make, Pack, Produce, Process, Arrange, Purchase, Different Food Stuff, or
Packaged Food Items of Different Brands and Firms, carried out throughout Pakistan
with initial establishment at Karachi with mutual consent of partners. That the parties
shall carry on the business of Achaar, Ketchup, ChiliGarlic & Mayonnaise Production
and Sales in Sachet Packing and other denominations Nationwide in these products in
Pakistan and abroad and/or may carry any other emerging business under the name and
style of M/S. Swizz Products Karachi Pakistan.
3. PLACE OF BUSINESS: Business address is Block D-3, House No-75, Malir

Township, near UBL Bank Malir Tanki, Karachi. (That the Place of Business could
be change in future, with both partners mutual understanding.)
4. INVESTMENT: All the partners shall make investments according to their

respective shares e.g. Partner No. 2 Mr. Saif Ullah shall invest Rs.1 Million as their 1st
Investment within two months.
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5. THE CAPITAL: That the capital of the firm shall be “As per books of Accounts”
It is further agreed that the capital of the firm may be increased or decreased according to
the magnitude and requirements of the business.
6. SHARE IN PROFIT AND LOSS: That the share of partners in profit and loss
including the loss of the capital of the firm shall be as under: -
i. Muhammad Saleem Raja 50% share
ii. Saif Ullah 50% share
7. BOOKS OF ACCOUNTS: That usual book of accounts shall be maintained by

any partner with mutual consent of the partners. The books of accounts shall be open to
inspection to both the partners during the working hours of the firm and shall be kept at
the head office of the firm at Peshawar.
8. ANNUAL ACCOUNTS: That annual accounts shall be closed at the end of 30th June
every year and profit or loss, as the case may be, shall be carried to the respective
personal accounts of the partner according to their stipulated shares.
9. DRAWINGS: That the partners shall be entitled to make drawings through

partner-1 for their personal expenses on 10th of every month which shall be debited to
their respective personal accounts.
10. THE BANKERS: That the firm may open its bank accounts/accounts with
any schedule/private bank/bank and the same, if any, bank account shall be opened and
operated by partner-1.
11. ATTENTION TO BUSINESS: That the duration of the firm is indefinite,

terminable only if and when agreed upon by the partners. The partners will be working
partners and partner No. 1 above will act as managing partner.
12. DEATH: That the firm shall not be dissolved by the death of any of its
partner/partners but the deceased partner or partners legal/personal representative or for
that matter nominee shall be taken as partner/partners by drawing a fresh deed of
partnership with the consent of existing partners.
13. WINDING UP: That the partnership shall be at will. On termination of the
partnership, the affairs thereof shall be wounded upon in accordance with the provision of
Partnership Act 1932, as applicable in Pakistan.
14. PAYMENT OF INCOME TAX ETC: That every partner shall be responsible for
payment o income tax etc. as levied on the firm and partners according to their stipulated
shares.
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15. ARBITRATION: That in case of any dispute or disagreement connected with
partnership business, it will be amicably settled by the parties giving, as far as possible
due respect and weight to the opinion o managing partner, provided that otherwise
partners shall have the right to refer the matter to one or two arbitrators appointed by
mutual agreement, whose decision shall be final.
16. MISCELLANEOUS: That terms and conditions not specified in the Deed shall be
covered by the provisions of Partnership Act 1932, as applicable in Pakistan.
Although we both giving a Security Cheque to each other for future security and for
avoiding any dispute in future…Not will be IN SHA ALLAH
AND IN WITNESS THEREOF: we all the partners have hereunto affixed our
signatures in the presence of witnesses:
PARTNERS WITNESSES
1._______________________ 1.
MUHAMMAD SALEEM RAJA
S/O, Muhammad Ramzan (Late), Karachi.
2._______________________ 2.
SAIF ULLAH
S/O, Shahid Ullah, Chaar Sadda, KPK.

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PARTNERSHIP DEED

NAME OF PARTNERS AND THEIR ADDRESSES:

1. COMMENCEMENT: That the partnership hereby constituted shall be deemed to

3. PLACE OF BUSINESS: Business address is Block D-3, House No-75, Malir

4. INVESTMENT: All the partners shall make investments according to their

i. Muhammad Saleem Raja 50% share

ii. Saif Ullah 50% share

7. BOOKS OF ACCOUNTS: That usual book of accounts shall be maintained by

9. DRAWINGS: That the partners shall be entitled to make drawings through

11. ATTENTION TO BUSINESS: That the duration of the firm is indefinite,

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