2015 July : AsiaNet-Pakistan

Archive for July, 2015

Board meeting of International Industries Limited to be held on August 17, 2015

July 31, 2015 |

Karachi: International Industries Limited informed Karachi Stock Exchange that board of directors meeting of the company is scheduled to be held on August 17, 2015 at Karachi. The agenda of the meeting is to review financial statements for period ended June 30, 2015. Further, the Company has declared close period from August 03, 2015 to August 17, 2015. The International Industries Limited was established as Sultan Chinoy & Company in Pakistan in 1948. Later it was incorporated as International Industries Limited along the development process. It became a public limited company in 1984. IIL is in the business of producing of GI pipe, steel tubes and pipes, API line pipe & polyethylene line pipes globally. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The manufacturing capacity of the company is 300,000 tons of small diameter steel pipe with OD range (12.70mm – 168mm). The company has plant and storage area of 25 acres along with a power generating capacity of 4MW. The symbol “INIL” is being used by the stock exchange for the shares of International Industries Limited.

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Board meeting of International Steels Limited to be held on August 13, 2015

July 31, 2015 |

Karachi: International Steels Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on August 13, 2015 at Karachi. The agenda of the meeting is to review annual audited financial statements for year ended June 30, 2015. Further, the Company has declared the close period from July 31, 2015 to August 13, 2015. International Steels Limited was incorporated on 3 September 2007 as a public unlisted company limited by the International Industries Limited. The foundations of the company are developed under the Companies Ordinance, 1984. The primary activities of the Company are business of manufacturing of cold rolled steel coils and galvanized sheets. The production capacity of the company is 250,000 tons per annum of cold rolled coils from which 150,000 tons is Hot Dipped Galvanized Steel. The commercial operations of the project initiated in January 1, 2011. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The equity contributions of the company come from Sumitomo Corporation and International Finance Corporation which has develop the country’s engineering and hi-tech manufacturing industries. The group organizations of the company include International Steel Limited, Pakistan Cables Limited and International Industries Limited. The company has an Effluent Treatment Plant and an 18MW gas fired power plant. The power plant has started production and supplying to the KESC. The symbol “ISL” is being used by the stock exchange for the shares of International Steel Limited.

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Transaction of 1,000 shares of United Bank Limited

Karachi: United Bank Limited informed Karachi Stock Exchange about transaction of shares of the Bank. Ms Shar Bano, SVP, Head of Contract Centre, Karachi UBL sold 1,000 shares @ Rs. 180.25 per share in the market on July 29, 2015 through CDC. United Bank Limited is incorporated in Pakistan and is engaged in the business of commercial banking and other related services. The foundations of the bank are developed under the Banking Companies Ordinance, 1962. The bank is responsible for accepting the deposits of money on current accounts and withdrawal by cheque, draft or order. The registered office of the bank is located at Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The global depository receipts of the bank are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market. The subsidiaries are located in Switzerland, UK and Tanzania. United Bank AG Zurich, UBL Funds Managers and United Executors and Trustees Company Limited are also the subsidiaries of the bank. The associate companies include UBL Insurers Limited and Oman United Exchange Company LLC. The products of the bank are UBL Click N Bank, UBL Tezraftaar, UBL Click N Remit, UBL Tezraftaar Account Services, NRP Direct and UBL Tezraftaar Pardes Card for the customers. The bank is also provides global remittance facilities to its customers. The symbol “UBL” is being used by the stock exchanges for the shares of United Bank Limited.

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Transaction of 6,000,000 shares of Soneri Bank Limited

Karachi: Soneri Bank Limited informed Karachi Stock Exchange about transaction of shares of the bank. Mr. Alauddin Feerasta, Chairman/Director of Soneri Bank Ltd gifted 6,000,000 shares to daughters on July 30, 2015 through CDC. Summit Bank Limited was incorporated in Pakistan as a public company limited on December 09, 2005 under the Companies Ordinance, 1984. The ultimate holding company of the Group which comprises of Summit Bank Limited the holding company and Summit Capital Private Limited a wholly owned subsidiary is Suroor Investments Limited a company incorporated in Mauritius. The bank is principally engaged in the business of commercial banking through its 187 branches in Pakistan as defined in the Banking Ordinance, 1962. The stocks of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Islamabad. The bank commenced its operation in August, 2006 and commenced in all the segments of banking which include Corporate and Investment Banking, Trade Finance, Commercial Mid Market / SMEs, and Consumer Banking. The symbol “SMBL” is being used by the stock exchanges for the shares of Summit Bank Limited.

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Board meeting of MCB Bank Limited to be held on August 11, 2015

July 31, 2015 | Board Meetings

Karachi: MCB Bank Limited informed Karachi Stock Exchange that board of directors meeting of the bank will be held on August 11, 2015 at Lahore. The agenda of the meeting is to consider Half Yearly Accounts of the Bank for period ended June 30, 2015 for declaration of any entitlement. Further, the Bank has declared close period from August 04, 2015 to August 11, 2015. MCB Bank Limited was incorporated in Pakistan on July 9, 1947. MCB bank was nationalized in 1974 as pat of Government of Pakistan’s economic reform movement. It was later privatized to Nishat Group in 1991. The bank has a domestic network of over 1208 branches, 27 Islamic banking branches and over 690 ATMs across Pakistan. It is also recognized and traded on the international markets. The bank has been acknowledged and awarded by Euromoney, MMT, Asia Money, SAFA (SAARC), The Asset and The Asian Banker. The ordinary shares of the bank are listed on Karachi, Lahore and Islamabad Stock Exchanges within Pakistan whereas its global depository receipts are traded on the international order book system of the London Stock Exchange. The registered office of the bank is located in Lahore. The bank is engaged with commercial banking and related services. The entire MCB Group includes MCB Financial Services Limited, MNET Services Private Limited, MCB Trade Services Limited, MCB- Arif Habib Savings and Investments Limited and MCB Leasing Closed Joint Stock Company. The symbol “MCB” is being used by the stock exchanges for the shares of MCB Bank Limited.

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Board meeting of Linde Pakistan Limited to be held on August 31, 2015

July 31, 2015 | Board Meetings

Karachi: Linde Pakistan Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on August 31, 2015 at Karachi. The agenda of the meeting is to consider Half Yearly Accounts for period ended June 30, 2015 for declaration of any entitlement. Further, the Company has declared close period from August, 03, 2015 to September 01, 2015. Linde Pakistan Limited formerly known as BOC Pakistan Limited was incorporated in Pakistan under the Companies Act, 1913 now known as Companies Ordinance, 1984. The foundation of the company was laid as a private limited company in 1949 and converted into a public limited company in 1958. The company is a subsidiary of The BOC Group Limited whereas its ultimate parent company is Linde AG, Germany. The company was rebranded as Linde Pakistan limited on September 14, 2011. Linde Pakistan Limited is a member of the Linde Group, a supplier of gas and engineering solutions globally. The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. The company is operating in Pakistan for over more than 65 years. The registered office of the company is located at Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company manufactures and distributes industrial, medical and specialty gases. Besides this the company is also engaged in the manufacturing of welding products and provides a range of related services including installation of on-site plants, gas equipment, pipelines and associated engineering services. The production facility of the company includes ten gas plants producing atmospheric gases, CO2, hydrogen, dissolved acetylene and nitrous oxide, spread across various major cities of Pakistan. The sales centers of the business are spread all across Pakistan. The symbol “LINDE” is being used by the stock exchange for the shares of Linde Pakistan Limited.

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Board meeting of Engro Fertilizers Limited to be held on August 10, 2015

July 31, 2015 | Board Meetings

Karachi: Engro Fertilizers Limited informed Karachi Stock Exchange that board of directors meeting of the company is scheduled to be held on August 10, 2015 at Karachi. The agenda of the meeting is to consider Quarterly Accounts for period ended June 30, 2015 for declaration of any entitlement. Further, the Company has declared the close period from August 03, 2015 to August 10, 2015. Engro Fertilizers Limited is a wholly owned subsidiary of Engro Corporation which incorporated in June 29, 2009 under the Companies ordinance, 1984 in Pakistan. Nitrogenous urea, phosphate & blended fertilizers, and micronutrients are imported, manufactured and sold by the company. Other activities include training and educating the farmers for generating a better yield. The registered office of the company is located in Karachi and the manufacturing facility is located in Daharki. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The product line of the company includes Nitrogenous urea, phosphate & blended fertilizers, and micronutrients. The products of the company include Engro Urea, Engro DAP, Engro Zorawar, Engro Zarkhez and Zingro. The symbol “EFERT” is being used by the stock exchange for the shares of Engro Fertilizers Limited.

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Board meeting of Pak Suzuki Motor Company Limited to be held on August 07, 2015

July 31, 2015 | Board Meetings

Karachi: Suzuki Motor Company Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on August 07, 2015 at Karachi. The agenda of the meeting is to consider Half Yearly Accounts for period ended June, 2015 for declaration of any entitlement. Further, the Company has declared close period from July 31, 2015 to August 07, 2015. Pak Suzuki Motor Company Limited was incorporated in Pakistan as a public limited company in August 1983. The company started commercial production in January 1984. The company was formed in accordance with the terms of a joint venture agreement concluded between Pakistan Automobile Corporation Limited and Suzuki Motor Corporation, Japan which acts as the holding company. The company is engaged in the assembling, progressive manufacturing and marketing of Suzuki cars, pickups, vans, 4x4s and motorcycles and related spare parts. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The products of the company range in the automobile, motorcycles and heavy bikes segments of the industry. The symbol “PSMC” is being used by the stock exchanges for the shares of Pak Suzuki Motor Company Limited.

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LG – Super Speed Stars Program 2015

July 31, 2015 | Uncategorized

Lahore, July 29, 2015 (PPI-OT): Spearheaded by former Pakistan captain and left-arm pace bowling legend Wasim Akram, PCB is organizing a two-week camp for young and upcoming fast bowlers at […]

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Conversion rates of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special United States Dollar Bonds and profit thereon July 31, 2015

July 31, 2015 | General

Karachi, July 31, 2015 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds […]

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Pakistan’s High Commissioner to Mauritius underscores need to further promote and develop trade relations between Pakistan and Mauritius

July 31, 2015 | Chambers of Commerce

Karachi, July 31, 2015 (PPI-OT): Pakistan’s High Commissioner to Mauritius, Maj. Gen. (Retd) Raza Muhammad has underscored the need to further promote and develop trade relations between Pakistan and Mauritius. […]

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Sindh Olympic Association will celebrate Independence Day to conduct different sports event in Sindh

July 31, 2015 | Sports Extra

Karachi, July 31, 2015 (PPI-OT): Mudassar Arain, Secretary General, SOA has informed that the Sindh Olympic Association will celebrates the Independence Day on 14th August 2015 to conduct the different […]

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