Karachi: Standard Chartered Modaraba informed Karachi Stock Exchange that board of directors meeting of the bank will be held on August 25, 2015 at Karachi. The agenda of the meeting is to consider and approve annual accounts of Company for period ended June 30, 2015. Further, the Company has declared the Close period from August 18, 2015 to August 25, 2015. Standard Chartered Modaraba was formed under the Modaraba Companies Modaraba Floatation and control Ordinance, 1980 in Pakistan in 1987. The rules of the company are framed under the Standard Chartered Services of Pakistan Private Limited. The management company is a wholly owned subsidiary of Standard Chartered Bank Pakistan Limited. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The modaraba is a perpetual modaraba and is primarily engaged in leasing/ ijarah of plant, machinery, motor vehicles and computer equipment etc. The company invests in the commercial and industrial ventures suitable for the modaraba. It offers both Consumer and Wholesale Shariah compliant financing products. The symbol “SCM” is being used by the stock exchanges for the shares of Standard Chartered Modaraba Limited.

Karachi: Glaxosmithkline Pakistan Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on August 25, 2015 at Karachi. The agenda of the meeting is to consider Financial Results of the Company for Half Year/2nd Quarter ended June 30, 2015. Further, the Company has declared the close period from August 18, 2015 to August 25, 2015. Glaxo Smith Kline Pakistan Limited is incorporated in Pakistan as a limited liability company. The company is engaged in manufacturing and marketing of research based pharmaceutical and consumer products. The company is a subsidiary of S.R. One International B.V., Netherlands, whereas its ultimate parent company is GlaxoSmithKline Plc, UK. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The company was created on January 1, 2001 through the merger of SmithKline and French of Pakistan Limited, Beecham Pakistan Private Limited and Glaxo Wellcome Pakistan Limited. Some of the pharmaceutical brands produced by the company include Augmentin, Seretide, Amoxil, Velosef, Zantac and Calpol and renowned consumer healthcare brands, which include Panadol, Horlicks, Aquafresh, Macleans and ENO. The symbol “GLAXO” is being used by the stock exchanges for the shares of GlaxoSmithKline Pakistan Limited.

Karachi: Pakistan Reinsurance Company Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on August 26, 2015 at Karachi. The agenda of the meeting is to consider 2nd Quarter/Half Year Accounts for period ended June, 2015 for declaration of any entitlement. Further, the Company has declared the Close Period from August 20, 2015 to August 26, 2015. Pakistan Reinsurance Company Limited was formerly referred to as Pakistan Insurance Corporation established in 1952 under PIC Act, 1952 for supporting the local insurance company. On March 30, 2000 the company was incorporated as a public limited company under the Companies Ordinance, 1984. The company ensures the development of insurance and reinsurance business in Pakistan. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The company operates in the public sector under the administrative control of the Ministry of Commerce. The functions of the company include providing insurance solutions to departments including aviation, marine cargo, marine hull, engineering, fire and accident. The company also provides reinsurance protection to the local insurance industry in view of treaty and facultative business as well as managing insurance schemes assigned by the Federal Government of Pakistan. The insurance market holds 18% of the share whereas 45% of the share is covered by the reinsurance protection in Pakistan. The symbol “PAKRI” is being used by the stock exchange for the shares of Pakistan Reinsurance Company Limited.

Karachi: Apna Microfinance Bank Limited informed Karachi Stock Exchange that board of directors meeting of the bank will be held on August 24, 2015 at Lahore. 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 August 18, 2015 to August 24, 2015. Apna Microfinance Bank Limited was incorporated in Pakistan on May 8, 2003 as a public limited company. The commencement certificate of the company was issued in December 28, 2004. The operations of the business started from January 1, 2005. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The principal business activity of the bank is to provide microfinance services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001. The registered office of the company is located in Karachi. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The Bank operates 11 branches as at June 30, 2013 and is licensed to operate on district level. The products of the bank include providing finances, advances and other credit facilities for the development of the society. Through this the savings are mobilized and other specialized deposit products are also improved with time. The symbol “AMBL” is being used by the stock exchanges for the shares of Apna Microfinance Bank Limited.

Karachi: Invest Capital Investment Bank Limited informed Karachi Stock Exchange that board of directors meeting of the company is scheduled to be held on August 21, 2015 at Lahore. The agenda of the meeting is to consider appointment of Directors to fill the casual vacancies, to discuss business plan for year 2015-16. Invest Capital Investment Bank Limited is a bank operating in Pakistan. It provides financial management and advisory services to its clients. The bank has offices in the four major cities of Pakistan. The services of the bank include Corporate Finance, Merger and acquisition, Commodities Brokerage, Portfolio Management and Investment Advisory, Private Equity, Structured Finance, Equity and Forex/ Money Market. It serves a diverse client base, which includes financial institutions, public and private sector corporations and high net worth individuals. The Bank is a Corporate Member of the Karachi Stock Exchange (Guarantee) Limited and National Commodity Exchange Limited. The sponsors/ shareholders are a multinational group of investors. These investors include business groups of UAE, with significant regional interests in the financial sector. The registered office is located at Karachi. The symbol “ICIBL” is being used by the stock exchanges for the shares of Invest Capital Investment Bank Limited.

Karachi: Johnson and Phillips Pakistan Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on August 22, 2015 at Karachi. The agenda of the meeting is to confirm minutes of the last meeting of the Board ...

Karachi, August 18, 2015 (PPI-OT):Gerry’s dnata, the largest ground handler in Pakistan, has ramped up its scale of operations in Pakistan with the commencement of its service at three new airports in Pakistan investing over USD four million, further underpinning its position as a key aviation partner in the country. To support the growth of ...