2016 March : AsiaNet-Pakistan

Archive for March, 2016

حلول التحقق من بطاقات الهوية من شركة جيمالتو تحمي الشركات الخاصة ضد التهديد المتنامي لاحتيالات بطاقات الهوية

March 31, 2016 | Business

أمستردام، 31، 2016 – شركة جيمالتو الرائدة على مستوى العالم في مجال الأمن الرقمي (والمسجلة في بورصة يورونيكست تحت الرمزNL0000400653 GTO)، توفر الآن لشركات القطاع الخاص، مثل البنوك ومشغلي الهواتف الجوالة، مزايا تجربتها المثبتة في الحماية من احتيالات الهوية. وتتيح حزمة الأدوات والخدمات المتكاملة تماماً التحقق بقوة وبسرعة من بيانات العميل عند فتح حسابات جديدة […]

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Resolution passed in annual general meeting of Summit Bank Limited

March 31, 2016 | General

Karachi, Summit Bank Limited informed Pakistan Stock Exchange about the resolutions passed in 10th annual general meeting of the company held on March 30, 2016 at Karachi. The agenda of the meeting was confirming the minutes of annual general meeting held on March 30, 2015, consideration of the audited financial statements of the company for the year ended December 31, 2015, appointing and fixing the remuneration of the auditors, election of directors for three years. 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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Request for delisting the funds from the Exchange of UBL Fund Manager

March 31, 2016 | General

Karachi, UBL Fund Manager requested Pakistan Stock Exchange for delisting of Al-Ameen Islamic Principal Preservation Fund –II (AIPPF –II) and UBL Principal Protected Fund – II (UPPF –II) from the Exchange.

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Appointment of Directors of Shahzad Textile Mills Limited

March 31, 2016 | General

Karachi, Shahzad Textile Mills Limited informed Pakistan Stock Exchange about appointment of Directors with effect from April 01, 2016 in the extraordinary meeting held on March 31, 2016. Shahzad Textile Mills Limited is a company incorporated in Pakistan on October 24, 1978. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company includes the manufacture and sale of yarn. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The symbol “SZTM” is being used by the stock exchange for the shares of Shahzad Textile Mills Limited.

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Board meeting of Pakistan General Insurance Company Limited

March 31, 2016 | Board Meetings

Karachi, Pakistan General Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company is still in progress on March 31, 2016. The results of the meeting shall be conveyed between 9.00 A.M to 9.15 A.M on April 01, 2016. Pakistan General Insurance Company Limited was incorporated in Pakistan in October, 1947 as a public limited company. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The operations of the business are related to life and general insurance. The registered office of the company is located in Lahore. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The products of the company includes fire insurance, property insurance, motor insurance, miscellaneous insurance, marine insurance, engineering insurance, shop owners insurance and group health insurance. The symbol “PKGI” is being used by the stock exchanges for the shares of Pakistan General Insurance Company Limited.

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Board meeting of Pakcem Limited to be held on April 7, 2016

March 31, 2016 | Miscellaneous

Karachi, Pakcem Limited informed Pakistan Stock Exchange that board meeting of the company is scheduled to be held on April 7, 2016 at Islamabad. The agenda of the meeting is to consider scheme of amalgamation of Pakcem Limited with and into Bestway Ce…

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Board meeting of Thal Limited to be held on April 07, 2016

March 31, 2016 | Board Meetings

Karachi, Thal Limited informed Pakistan Stock Exchange that board meeting of the company is scheduled to be held on April 07, 2016 at Karachi. The agenda of the meeting shall be consideration of project at Thal. Further, the closed period of the company shall be from March 31, 2016 to April 07, 2016. Thal Limited incorporated in Pakistan on January 31, 1966 as a public company limited under the Companies Ordinance, 1984. It operates under the umbrella of House of Habib Group. The company is engaged in the manufacturing of jute goods, engineering goods, paper sack and laminate sheets. The jute operations of the company are located at Muzaffargarh, engineering operations at Karachi, paper sack operations at Hub and Gadoon and laminate operations are located at Hub. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges. The subsidiary companies of Thal Limited include Makro-Habib Pakistan Limited, Pakistan industrial aids private limited and Nobel computer services private limited. The symbol “THALL” is being used by the stock exchange for the shares of Thal Limited.

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Extraordinary general meeting of First Paramount Modaraba to be held on April 20, 2016

March 31, 2016 | General

Karachi, First Paramount Modaraba informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on April 20, 2016 at Karachi. The agenda of the meeting will be confirming the minutes of annual general meeting held on October 30, 2015 and to consider and approve the amendments in the prospectus of First Paramount Modaraba. Further, the closed period of the company is from April 14, 2016 to April 20, 2016 (both days inclusive). First Paramount Modaraba is a multi-purpose, perpetual and multi-dimensional Modaraba floated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed there under. It is managed by Paramount Investments Limited, a company incorporated in Pakistan. Modaraba’s principal activities includes deployment of funds on murabaha and musharika arrangements and its In-house ventures are Generator rental and sale project under the name “Advance Trading Corporation”, Weaving business under the name of “FPM Weaving” and Electrical maintenance and troubleshooting services’ business under the name of “FPM Solutions”. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The symbol “FPRM” is being used by the stock exchange for the shares of First Paramount Modaraba.

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Board meeting of Agriauto Industries Limited to be held on April 25, 2016

March 31, 2016 | Board Meetings

Karachi, Agriauto Industries Limited informed Pakistan Stock Exchange that board meeting of the company is scheduled to be held on April 25, 2016 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended March 31, 2016. Further, the closed period of the company shall be from April 05, 2016 to April 25, 2016 (both days inclusive). Agriauto Industries Limited is a company incorporated in Pakistan on June 25, 1981 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of components for automotive vehicles, motor cycles and agricultural tractors. The stocks of the company are listed on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located at Karachi. Quality control is maintained at all stages of manufacturing. The company follows international standards i.e. B.S.S., S.A.E, ASTM, JIS, ISO & TS-16949, as the basis of quality control program. Agriauto is a part of the prestigious House of Habib Group. The symbol “AGIL” is being used by the stock exchanges for the shares of Agriauto Industries Limited.

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Pakistan Readymade Garments Manufacturers and Exporters Association condemn recent exorbitant increase in shares of contribution by Employees Old Age Benefit Institution

March 31, 2016 | Industries

Karachi, March 31, 2016 (PPI-OT):Arshad Aziz, Acting Chairman (South Zone) Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in a statement he has strongly criticized and condemned the recent exorbitant increase in the shares of contribution by EOBI. It is injustice that the EOBI has suddenly increased the EOBI shares of contribution with effect from …

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Gree launches new air-conditioners with 60 percent less power consumption

March 31, 2016 | General Business News

Lahore, March 31, 2016 (PPI-OT):Gree – Most popular and leading brand of air-conditioners in Pakistan, has introduced high energy-efficient smart-inverter Air-conditioning technology that saves 60 percent of the energy, compared with the regular ACs It promises an Energy Efficiency Ratio of 4.0 (E.E.R). Gree products are distributed in Pakistan by DWP Group. Gree has recently …

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Pakistan Credit Rating Agency Limited maintains asset manager rating of AKD Investment Management Limited

March 31, 2016 | General Business News

Lahore, March 31, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained asset manager rating of ‘AM3’ (AM Three) of AKD Investment Management Limited (AKDIML). The rating reflects that the company meets good investment management standards and benchmarks. The rating captures the company’s adequately structured investment process, reasonably experienced management team, and improving operating platform. …

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