Daily Archives: September 2, 2016

Annual general meeting of Mari Petroleum Company Limited to be held on September 27, 2016

Karachi, Mari Petroleum Company Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on September 27, 2016 at Islamabad. The agenda of the meeting will be confirming the minutes of annual general meeting held on September 18, 2015, consideration of the audited financial statement of the company for the year ended June 30, 2016, considering the payment of cash dividend of Rs. 2.10 per share, i.e. 21%, appointing and fixing the remuneration of the auditors. Further, the closed period of the company is from September 21, 2016 to September 27, 2016 (both days inclusive). Mari Gas Field was originally owned by Pakistan Stanvac Petroleum Project, a joint venture formed in 1954 between Government of Pakistan and M/s Esso Eastern Incorporated, having 49% and 51% ownership interest, respectively. The first gas discovery was made by the Joint Venture in 1957 when the first well in lower Kirthar ‘Zone-B’ Limestone Formation was drilled. Production from the field started in 1967. In 1983, M/s Esso Eastern transferred its entire share to Fauji Foundation, which set up a public limited company for the purpose of acquiring the assets and liabilities of the Project. In 2001, the Company expanded its operations and entered into exploration business. The Company is now a major player in the Country’s oil and gas exploration and production sector operating eleven exploration and production assets (two D&P leases and nine operated blocks) and has partnership with leading national and international E&P companies in six non-operated blocks. To reflect its diversified business operations and expanded activities, the name of the Company was changed from “Mari Gas Company Limited” to “Mari Petroleum Company Limited” (MPCL) in November 2012.

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Board meeting of Next Capital Limited to be held on September 09, 2016

Karachi, Next Capital Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on September 09, 2016 at Karachi. Further, the closed period of the company shall be from September 02, 2016 to September 08, 2016 (both days inclusive). Next Capital Limited is a company incorporated in Pakistan as a public limited company on December 14, 2009. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a member of the Karachi Stock Exchange Limited and a member of Pakistan Mercantile Exchange Limited. The company is principally engaged in the brokerage of shares, stocks, securities, commodities and other financial instruments and consultancy services. The company is engaged in trading in equity and debt securities on its own account through ready, spot and forward counters of the exchange. The shares of the company are quoted on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “NEXT” is being used by the stock exchange for the shares of Next Capital Limited.

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Annual general meeting of Dewan Salman Fibre Limited to be held on September 26, 2016

Karachi, Dewan Salman Fibre Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on September 26, 2016 at Islamabad. The agenda of the meeting will be confirming the minutes of extraordinary general meeting held on October 30, 2015. The election of the directors for the forthcoming period for three years from the appointment date shall also be done in the meeting. Further, the closed period of the company is from September 19, 2016 to September 26, 2016 (both days inclusive). Dewan Salman Fibre Limited is a company incorporated in Pakistan on October 4, 1989. The foundation of the company is laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of polyester, acrylic fibre and tow products. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad. The factory office of the company is located at District Haripur. The symbol “DSFL” is being used by the stock exchanges for the shares of Dewan Salman Fibre Limited.

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Annual general meeting of Kohinoor Mills Limited to be held on October 20, 2016

Karachi, Kohinoor Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 20, 2016 at District Kasur. The agenda of the meeting will be confirming the minutes of extraordinary general meeting held on March 31, 2016, consideration of the audited financial statement of the company for the year ended June 30, 2016, appointing and fixing the remuneration of the auditors. Further, the closed period of the company is from October 12, 2016 to October 20, 2016 (both days inclusive). Kohinoor Mills Limited is a public limited company incorporated in Pakistan on December 21, 1987 in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is engaging in the business of textile manufacturing covering weaving, bleaching, dyeing, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber. Besides this the company also plays a vital role in generate and supplying electricity. The stocks of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in District Kasur. The company is certified ISO 9001:2000, Oekotex 100, SA 8000:2001, WRAP and C-TPAT. The symbol “KML” is being used by the stock exchanges for the shares of Kohinoor Mills Limited.

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Board meeting of PICIC Insurance Limited to be held on September 06, 2016

Karachi, PICIC Insurance Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on September 06, 2016 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from September 02, 2016 to September 06, 2016 (both days inclusive). PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000. The registered office of the company is located at Karachi. The company is listed on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. PICIC Insurance Limited is a part of the Temasek Group operating in Pakistan. NIB Bank Limited a subsidiary of the Temasek Group in Pakistan is a shareholder of PICIC Insurance Limited with a 30% stake. The symbol “PIL” is being used by the stock exchange for the shares of PICIC Insurance Limited.

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Board meeting of Nimir Resins Limited to be held on September 09, 2016

Karachi, Nimir Resins Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on September 09, 2016 at Lahore. The agenda of the meeting shall be consideration of annual accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from September 02, 2016 to September 09, 2016 (both days inclusive). With over 50 years’ experience, Nimir Resins Limited (Formerly Descon Chemicals Limited) prides itself at providing its customers the best possible chemical solutions in the industry. Catering to a multitude of industrial sectors, our solutions and services provide the best value and quality that our customers deserve. Innovation is an integral part towards, Nimir Resin’s business philosophy. Nimir Resins Limited (Formerly Descon Chemicals Limited) is a technology leader for new development in commercial and advanced application. The symbol “NRSL” is being used by the stock exchange for the shares of Nimir Resins Limited.

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Board meeting of Millat Tractors Limited to be held on September 09, 2016

Karachi, Millat Tractors Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on September 09, 2016 at Lahore. The agenda of the meeting shall be consideration of annual accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from September 03, 2016 to September 09, 2016 (both days inclusive). MIllat Tractors Limited is a company incorporated in Pakistan on June 11, 1964 as a public limited company. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activities of the business are manufacturing agricultural tractors and machinery which includes implements and multi application products. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Sheikhupura. The symbol “MTL” is being used by the stock exchanges for the shares of Millat Tractors Limited.

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