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Daily Archives: November 26, 2015

Extraordinary general meeting of United Distributors Pakistan Limited will be held on December 21, 2015

Karachi: United Distributors Pakistan Limited informed Karachi Stock Exchange that extraordinary general meeting of the company will be held on December 21, 2015 at Karachi. The agenda of the meeting will be to confirm the minutes of the last annual general meeting of the Company, to approve investment in IBL. HealthCare Limited by Subscribing 66988 Right Shares @ Rs. 50/- each and if thought appropriate, pass the following resolution as Special Resolution and to transact any other Business with the permission of the Chair. Further, the closed period of the company is from December 15, 2015 to December 21, 2015 (both days inclusive). United Distributors Pakistan Limited was incorporated in Pakistan as a public limited company. The foundations of the company are laid using the Companies Ordinance, 1984. The [principle business activities of the company include manufacturing, trading and distribution of pesticides, fertilizers and other allied products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The company has introduced several multinational business which are Dow Agro Sciences (USA), FMC Corporation (USA), Pioneer Seeds (USA), Nichimen (Japan) and currently DuPont (USA). The businesses of FMC United as well as Pioneer Seeds were developed almost exclusively by the company. The business of the company includes crop protection, seeds, micro nutrient and fertilizers and distribution services. The symbol “UDPL” is being used by the stock exchanges for the shares of United Distributors Pakistan Limited.

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United Insurance Company of Pakistan Limited appoints Company Secretary

Karachi: The United Insurance Company of Pakistan Limited informed Karachi Stock Exchange about appointment of Ms. Huma Waheed as Company Secretary with effect from November 19, 2015 in place of Mr. Z.H.Zuberi. United Insurance Company of Pakistan Limited was incorporated in Pakistan on October 20, 1959. It is a public limited company. The rules and regulations of the company are based on the Companies Ordinance 1984, Insurance Ordinance 2000 and Fire, Marine & Motor Tariff (IAP). The operations of the business are related to group health insurance, travel insurance, travel bonds & guarantees, livestock and crop insurance. The registered office of the business is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The products of the company includes fire insurance, marine insurance, motor insurance, health guard, travel guard, live stock, crop insurance, engineering, travel and cargo agents guarantees, personal accidents policy for the students, shop secure plan, self secure plan, education secure plan and home secure plan. The symbol “UNIC” is being used by the stock exchanges for the shares of United Insurance Company of Pakistan Limited.

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Extraordinary general meeting of National Bank of Pakistan will be held on December 18, 2015

Karachi: National Bank of Pakistan informed Karachi Stock Exchange that extraordinary general meeting of the Bank will be held on December 18, 2015 at Karachi. The agenda of the meeting will be to confirm minutes of the 66th annual general meeting held on March 30, 2015, to consider and approve in-principle the proposed merger of NBP leasing Limited fully owned subsidiary of NBP with and into NBP, to consider and approve Performance Bonus of the president for the year 2014 and to transact any other business with the permission of the Chairman. Further, the closed period of the company is from December 11, 2015 to December 18, 2015 (both days inclusive). National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949. The bank is engaged in providing commercial banking and related services in Pakistan and overseas. It also handles treasury transactions for the Government of Pakistan as an agent to the State Bank of Pakistan. The operational branches of the bank in Pakistan are 1,342 and 23 overseas branches including the Export Processing Zone branch in Karachi. The bank also provides services as trustee to National Investment Trust, Long-Term Credit Fund and Endowment Fund for student loans scheme. The registered office of the bank is located in Karachi. The shares of are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The bank has transformed from a public sector organization into a commercial bank. The services are available for individuals, corporate entities and government. Besides the presence of the bank as an agent to the State Bank of Pakistan it has significant penetration in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and showing interest in the development and promoting interest in the development of small and medium enterprises of the country. The operations of the bank have been partially privatized. Some of the activities are state owned and some are privately owned. The core products of the bank are premium amdani, premium saver, saibaan, advance salary, cash card, investor advantage, kisan taqat, kisan dost and cash and gold. The subsidiaries of the bank are Taurus Securities Limited, NBP Exchange Company Limited, NBP Capital Limited, NBP Modaraba Management Company Limited, and CJSC Bank, Almaty, Kazakhstan. It has also recently opened a subsidiary in Dushanbe, Tajikistan. The joint ventures include, United National Bank of UK, First Investment Bank and NAFA, an Asset Management Company which is a joint venture with NIB Bank and Fullerton Fund Management of Singapore. The symbol “NBP” is being used by the stock exchange for the shares of National Bank of Pakistan.

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