2017 October : AsiaNet-Pakistan

Archive for October, 2017

Financial results of Masood Textile Mills Limited for Quarter ended September 30, 2017

October 30, 2017 |

Karachi, Masood Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on October 28, 2017. The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2017 which portrayed a profit of Rs. 171,850 with earnings per share 2.45 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Masood Textile Mills is the only textile mill in Pakistan with latest computerized Barcode System that assures quality in every operation of production from spinning to packing. Products of each department carry bar coded stickers, which bear all the details and history of the operations of that product. Hence if any problem is reported, one can trace back the root of the problem and enable to prevent occurrence of the same in future. Besides, MTM is one of the few fully vertical textile mills in Pakistan having in-house Yarn, Knitting, Fabric dyeing, Processing, Laundry and Apparel Manufacturing facilities. The vertically integrated operations help us in achieving shorter lead times and greater flexibility to cater to the customers demand. The symbol “MSOT” is being used by the stock exchange for Masood Textile Mills.

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Board of directors meeting of Javedan Corporation Limited

October 30, 2017 |

Karachi, Javedan Corporation Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 04, 2017 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2017. Further, the company has declared the closed period from October 27, 2017 to November 04, 2017 Javedan Corporation Limited was incorporated in Pakistan on June 8, 1961 as a public limited company. The shares 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 ceased the operations of its cement business since July 01, 2010. The management has developed a diversification strategy using which the land of the company shall be utilized for developing housing scheme namely Naya Nazimabad. The symbol “JVDC” is being used by the stock exchanges for the shares of Javedan Corporation Limited.

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Board of directors meeting of Dandot Cement Company Limited

October 30, 2017 |

Karachi, Dandot Cement Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 06, 2017 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2017. Further, the company has declared the closed period from October 28, 2017 to November 06, 2017 Dandot cement Company Limited is a public limited company incorporated in Pakistan. The company started its production on March 01, 1983 and has been engaged in production and marketing of cement. The company is a subsidiary of Three Stars Cement Private Limited. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The manufacturing plant is situated at District Jhelum, Punjab. The installed capacity of plant was 1000 metric tons per day Clinker Production in 1994, it was optimized by F.L. Smidth, Denmark to 1600 TPD clinker production. The plant is composed of sound machinery and is capable of producing high quality cement at an economical cost for many years to come. The symbol “DNCC” is being used by the stock exchanges for the shares of Dandot Cement Company Limited.

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Board Meeting in Progress of KASB Modaraba

October 30, 2017 |

Karachi, KASB Modaraba informed Pakistan Stock Exchange that the Meeting of Board of Directors of KASB Invest (Private) Limited, Managers of the Company, scheduled on October 30, 2017 at Karachi, is in Progress. KASB Modaraba was incorporated in Pakistan under the Modaraba Companies and Modaraba Ordinance, 1980. The operations of the company are managed by KASB invest private limited which acts as a management company. The company is an Islamic financial institution extending financial facilities to its customers on Islamic principles of Shariah. 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. KASB Modaraba is a multipurpose perpetual Modaraba and is primarily engaged in ijarah financing, musharaka financing, murabaha financing, modaraba financing, diminishing musharaka and investing in listing securities. The symbol “KASBM” is being used by the stock exchanges for the shares of KASB Modaraba.

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‫استثمارات Gemalto تعجل بتطوير حلول Cogent الجديدة لعمليات تحديد الهوية البيومترية

October 30, 2017 | Education, Other Language, Urdu

بعد مرور ستة أشهر فقط على استحواذها على شركة 3M Cogent، شركة جيمالتو تُدشن تحديثاً كبيراً للمنتجات إصدارٌ جديدٌ من CABIS (نظام تحديد الهوية البيومتري التلقائي من Cogent) يدعم أبحاث الهوية متعددة النماذج: التعرف على بصمة الإصبع وبصمة اليد والوجه وحدقة العين سحابة CABIS Core Cloud تعمل على التعجيل من نشر الخدمات البيومترية من جانب […]

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Board of directors meeting of Chakwal Spinning Mills Limited

October 30, 2017 | Board Meetings

Karachi, Chakwal Spinning Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 11, 2017 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2017. Further, the company has declared the closed period from October 27, 2017 to November 05, 2017 Chakwal group has around 160,000 spindles, which are operationally organized into 6 spinning units; the entire machinery is from world-renowned manufactures. Chakwal Spinning consists of 34,552 Spindles. The flag ship company of Chakwal Group is Kohinoor Spinning comprising of 80,000 spindles, distributed into three separate units which are tailor made to make specialized yarns. The unit has its own in house doubling and is capable of producing 75 tons of cotton and blended yarn per day. The symbol “CWSM” is being used by the stock exchanges for the shares of Chakwal Spinning Mills Limited.

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Board of directors meeting of Yousaf Weaving Mills Limited

October 30, 2017 | Board Meetings

Karachi, Yousaf Weaving Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 05, 2017 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2017. Further, the company has declared the closed period from October 27, 2017 to November 05, 2017 Yousaf Weaving Mills Limited is a company incorporated in Pakistan as a public limited company on January 17, 1988. 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 weaving, spinning and sale of processed fabrics, home textile and dairy products. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Chakwal. The symbol “YOUW” is being used by the stock exchange for the shares of Yousaf Weaving Mills Limited.

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Board Meeting in Progress of Samin Textiles Limited

October 30, 2017 | Board Meetings

Karachi, Samin Textiles Limited informed Pakistan Stock Exchange that board meeting in still in progress and not concluded yet. Therefore the financial result will be announced / communicated after conclusion of the board meeting. Samin Textiles Limited is a public limited company incorporated in Pakistan on November 27, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the Company is manufacturing and sale of cloth. The mill is situated at District Kasur in the Province of Punjab. 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 “SMTM” is being used by the stock exchange for the shares of Samin Textiles Limited.

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Gemalto investment speeds development of new Cogent biometric identification solutions

October 30, 2017 | Education

Only six months after the 3M Cogent acquisition, Gemalto is launching a major product upgrade New version of CABIS (Cogent Automated Biometric Identification System) supports multi-modal identity searches: fingerprint, palm print, face and iris recognition New CABIS Core Cloud will accelerate deployment of biometrics services by law enforcement and other government agencies   Amsterdam, 30 October […]

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AUSTRALIA WIN SULTAN OF JOHOR CUP HOCKEY

October 30, 2017 | Medical

Australia has won the Sultan of Johor Cup Hockey in Malaysia beating United Kingdom by 2-0.Source: Radio Pakistan

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India’s New Afghan Trade Route Via Iran, Bypasses Pakistan

October 30, 2017 | Entertainment

NEW DELHI Opening a new trade route to Afghanistan that bypasses Pakistan, India has dispatched its first consignment of wheat to the war torn country via the Iranian port of Chabahar.

The strategic sea route is a significant step in bolstering trade with Kabul that has been hampered because rival Pakistan does not allow India to transport goods to Afghanistan through its territory.

After the shipment was seen off by Indian Foreign Minister Sushma Swaraj and her Afghan counterpart Salahuddin Rabbani via a joint video conference Sunday, the Indian government called it a landmark moment.

In the coming months, six more consignments of wheat totaling 1.1. million tons will be sent from India’s western port of Kandla to Chabahar. From the Iranian port it will be taken by road to Kabul.

The shipment comes days after U.S. Secretary of State Rex Tillerson, on a visit to New Delhi, allayed concerns that the Trump administration’s tough stand on Iran could pose a fresh stumbling block to India’s plans to develop the strategic Iranian port as a regional transit hub.

Easier connectivity to Afghanistan is key for India to step up its economic engagement with Kabul, which Washington has called for as part of its new policy to stabilize the war torn country.

And Chabahar port, in which India is investing $500 million to build new terminals, cargo berths and connecting road and rail lines, is the centerpiece of the strategy to improve linkages not just with Afghanistan, but also to resource-rich Central Asian republics.

This is the first time that we are getting into Afghanistan through a route different than what traditional routes have been, said South Asia expert Sukh Deo Muni at New Delhi’s Institute of Defense Studies and Analyses.

Indian leaders expressed optimism about the project, which is still a work in progress. Minister Swaraj called it the starting point of a journey that would spur the unhindered flow of commerce and trade throughout the region. Prime Minister Narendra Modi tweeted the launch of the trade route, “marks a new chapter in regional cooperation & connectivity.”

The sea route via the Iranian port is the second step taken by India to increase connectivity with Kabul. In June it opened an air freight corridor to provide greater access for Afghan goods to the Indian market.

The Chabahar port is seen as India’s answer to the Gwadar port in Pakistan being developed by China.

The project was conceived almost 15 years ago, but the plans were stalled for years due to U.S. led international sanctions on Iran. Their easing prompted India to sign a trilateral pact with Iran and Afghanistan last year to develop the port.

U.S. Secretary of State Tillerson indicated in New Delhi last week that fresh sanctions on Iran by the Trump administration would not pose a stumbling block to those plans.

It is not our objective to harm the Iranian people, nor is it our objective to interfere with legitimate business activities that are going on with other businesses, whether they be from Europe, India or agreements that are in place that promote economic development and activity to the benefit of our friends and allies as well. We think there is no contradiction within that policy, he told reporters in India.

Those words have been welcomed in New Delhi said analyst Muni. I think there is a far more reassuring feeling in India vis-a-vis the Trump administration than what the initial thought was, he said.

The shortest and most cost effective land routes between India and Afghanistan lie through Pakistan. However, due to longstanding rivalries between the two countries, India is not allowed to send any exports through Pakistani territory and Afghanistan is only allowed to send a limited amount of perishable goods through Pakistani territory to India.

Source: Voice of America

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Language Bonds Students Abroad Whose Cultures Clash at Home

October 30, 2017 | Business

As the melodious tunes of an Urdu song wafted in the background, an Indian, a Pakistani and a Bangladeshi � who had just met � found themselves singing along.

Soon they were holding hands. Occasionally they looked at each other and smiled, deeply appreciating the golden voice of Rahat Fateh Ali Khan, who sang the Qawwali song. They shut their eyes again and soulfully sang along.

“Afreen-Afreen,” the room reverberated behind the voice of Khan’s. “Afreen,” an Urdu word, expresses praise.

I was one of the three.

I’m Indian by birth. Khan is Pakistani. Our countries can be hostile to each other, but it doesn’t matter to me. And it never will. I will sing, dance and celebrate with Khan, and others.

Although all Indians, Pakistanis and Bangladeshis were countrymen before the partition of India and Pakistan in 1947, today, the scenario seems overwhelmingly less cordial than before.

Only 15 percent of Indians view Pakistan favorably, and only 13 percent of Pakistanis view India favorably, according to a Pew survey conducted in 2014. The favorable views of Bangladesh toward India and Pakistan are higher with 70 percent and 50 percent, respectively.

However, these statistics don’t represent my feelings. The first time I met anyone from these two nations was when I joined the University of California-Berkeley in August 2015, and my interactions and friendships with them have been more than amiable.

We often have light-hearted arguments on the better cricket team, but that’s about it.

So how does such a strong affinity develop when hostility exists back home?

Language.

My second question to any South Asian person after asking his or her name is: “Do you speak Hindi, Urdu or Punjabi?”

No joke.

And if they do, we talk in one of them ad nauseam. I feel connected. I feel belonged. I feel inclusive.

Don’t get me wrong, I love the English language. It’s truly beautiful. But there is something about my mother-tongue that helps me develop a bond instantly with the speaker.

A majority of Indians, Pakistanis and Bangladeshis coming into the United States as students speak one of these languages, and it’s the primary factor in creating a relationship, especially in a foreign country.

A conversation sans filters.

Some of my favorite memories in my time as a student in the United States, so far, is sharing butter-chicken with my buddies from the global south, and conversing in only Hindi, or Urdu, and the occasional curse words that I utter in my Hindi sentences. It’s fun, and engaging.

I’ve not only made the lifelong friends through my bilingualism, but also the connections outside of college � with co-workers, restaurant owners or people walking on the street. At a famous Pakistani restaurant in Washington, D.C., I always get a hefty discount, as I once played the “Urdu card” with the owner, as one of my friends put it.

My association with my mother-tongue is something I can’t get rid of. It’s been more than two years since I’ve been in United States, and even now my music playlist is made up of only Indian or Bollywood or Pakistani music.

“Afreen-Afreen” is one of them.

To all those Pakistani, Indian and Bangladeshi students hoping to come to the United States, always remember one thing: Never shy away from who you are.

You don’t belong only to India, Pakistan or Bangladesh, but to all of them.

Source: Voice of America

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