March 28, 2018 - AsiaNet-Pakistan

Archive for March 28th, 2018

چونگشان سالانہ سرمایہ کاری میلے کی توجہ گریٹر بے ایریا میں جدت طرازی سے تحریک پاتی ترقی کو آگے بڑھانے پر مرکوز

March 28, 2018 | General, Urdu

چونگشان، چین، 28 مارچ 2018ء/سنہوا-ایشیانیٹ/– چونگشان،ٹریڈ، انویسٹمنٹ اینڈ ٹاپ ٹیلنٹ فیئر اور پانچواں ٹاپ ٹیلنٹ نیٹ ورکنگ چونگشان “جدت طرازی ترقی کی قیادت کرتی اور اجتماعی فہم بے ایریا کی تشکیل کرتا ہے” کے موضوع پر 28 مارچ 2018ء کو شروع ہوا، جس میں 10 ممالک اور خطوں کے 1,000 سے زیادہ شرکاء کھنچے چلے […]

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Arab Tourism Organization and Elite Capital & Co. Sign a Protocol for financing Arab Tourism Projects

March 28, 2018 | General

JEDDAH, Saudi Arabia , March 28, 2018 (GLOBE NEWSWIRE) — The Public Relations Department of Elite Capital & Co. Limited announced today the signing of a memorandum of cooperation in the Kingdom of Saudi Arabia for financing tourism projects and tourism related projects between the Arab League’s Arab Tourism Organization and Elite Capital & Co. […]

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المنظمة العربية للسياحة و إليت كابيتال وشركاه يوقعان بروتوكول لتمويل مشاريع السياحة العربية

March 28, 2018 | General, Other Language

جدة، المملكة العربية السعودية — 28 مارس 2018 (GLOBE NEWSWIRE/Knowledge Bylanes) — أعلنت اليوم إدارة العلاقات العامة في شركة إليت كابيتال وشركاه المحدودة عن توقيع مذكرة تعاون في المملكة العربية السعودية وذلك لتمويل مشاريع السياحة والمشاريع المرتبطة بالسياحة بين المنظمة العربية للسياحة التابعة لجامعة الدول العربية و شركة إليت كابيتال وشركاه – إنجلترا. ويرتكز بروتوكول […]

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Board of directors meeting of PICIC Insurance Limited

March 28, 2018 | Board Meetings

Karachi, PICIC Insurance Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April03, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from March 28, 2018 to April03, 2018. 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 of directors meeting of Universal Insurance Company Limited

March 28, 2018 | Board Meetings

Karachi, Universal Insurance Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 02, 2018 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from March 28, 2018 to April03, 2018. Universal Insurance Company Limited is a public limited company incorporated in Pakistan on May 9, 1958. The foundations of the company rely on the Companies Act, 1913 now referred to as Companies Ordinance, 1984. It is engaged in the business of non-life insurance business. The services of the company includes motor insurance, marine insurance, fire insurance, miscellaneous insurance, travel insurance and claim settlement procedures. The registered office of the company is located in Lahore. The stocks of the company are quoted on Karachi and Lahore Stock Exchange of Pakistan. The company is a part of the Bibojee Group of Companies. The operations of the company started in 1960. The reinsurers of the company are Hanover Reinsurance Company of West Germany, Somitomo Marine and Fire Insurance Company of Japan, Korean Reinsurance Company of Korea and J.B Boda& company broker of Singapore. This clientage of the company includes Textile/Spinning Mills, Flour Mills, Sports and Surgical Manufacturers, Garment Factories, Sugar Mills, Ghee Industries and various other industrial projects the number of which runs over fifteen thousand. The company is also on the approved panel of all the local and foreign Banks/Financial Institutions/Leasing Companies and Modarabas etc. The symbol “UVIC” is being used by the stock exchange for the shares of Universal Insurance Company Limited.

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Board of directors meeting of MCB Bank Limited

March 28, 2018 | Board Meetings

Karachi, MCB Bank Limitedinformed Pakistan Stock Exchange that in term of section 161 of the Companies Act, 2017, the twelve persons have been elected as directors of the Bank by the shareholders in their 70th Annual General Meeting held on March 27, 2018 at Lahore for the term of three years with effect from the date of AGM. MCB Bank Limited was incorporated in Pakistan on July 9, 1947. MCB bank was nationalized in 1974 as pat of Government of Pakistan’s economic reform movement. It was later privatized to Nishat Group in 1991. The bank has a domestic network of over 1208 branches, 27 Islamic banking branches and over 690 ATMs across Pakistan. It is also recognized and traded on the international markets. The bank has been acknowledged and awarded by Euromoney, MMT, Asia Money, SAFA (SAARC), The Asset and The Asian Banker. The ordinary shares of the bank are listed on Karachi, Lahore and Islamabad Stock Exchanges within Pakistan whereas its global depository receipts are traded on the international order book system of the London Stock Exchange. The registered office of the bank is located in Lahore. The bank is engaged with commercial banking and related services. The entire MCB Group includes MCB Financial Services Limited, MNET Services Private Limited, MCB Trade Services Limited, MCB- Arif Habib Savings and Investments Limited and MCB Leasing Closed Joint Stock Company. The symbol “MCB” is being used by the stock exchanges for the shares of MCB Bank Limited.

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Board of directors meeting of Fauji Cement Company Limited

March 28, 2018 | Board Meetings

Karachi, Fauji Cement Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April17, 2018 at Attock. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March31, 2018. Further, the company has declared the closed period from April 11, 2018 to April 17, 2018. Fauji Cement Company Limited is a public limited company incorporated in Pakistan on November 23, 1992. The foundations of the company are laid under the Companies Ordinance, 1984. The business commenced from May 22, 1993. The principal activity of the company is manufacturing and sale of ordinary Portland cement. The shares of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges in Pakistan. The company’s registered office is situated at Rawalpindi. The cement plant of the company is located in Punjab. The annual production capacity of the plant is 1.165 million tons of Cement. The company has a Refuse Derived Fuel (RDF) Processing Plant which solves problem of Municipal Garbage Disposal. Minimum 300-400 tons of garbage is being lifted from each garbage dump located at Rawalpindi and Islamabad. In addition, the other important advantages include reduced use of fossil fuel, lowering of green house gases in the atmosphere and availability of compost fertilizer as a byproduct. The symbol “FCCL” is being used by the stock exchanges for the shares of Fauji Cement Company Limited.

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Board of directors meeting of Soneri Bank Limited

March 28, 2018 | Board Meetings

Karachi, Soneri Bank Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 30, 2018 at Lahore solely for the purpose to review and issue redeemable capital under Section 66 of the Companies Act, 2017, in the form of unsecured, subordinated, rated, listed perpetual and non-cumulative Term Finance Certificates (“TFCs”) under Basel III guidelines of the State Bank of Pakistan (“SBP”) BPRD Circular No. 06 dated August 15, 2-13. Soneri Bank Limited was incorporated in Pakistan on September 28, 1991 as a public limited company under the Companies Ordinance, 1984. The bank operates in retail banking, Islamic banking and corporate and investment banking. It is engaged in banking services as described in the Banking Companies Ordinance, 1962. It has a branch network of 239 branches including nine Islamic banking branches in Pakistan. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Lahore. The symbol “SNBL” is being used by the stock exchanges for the shares of Soneri Bank Limited.

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Board of directors meeting of Dandot Cement Company Limited

March 28, 2018 | Board Meetings

Karachi, Dandot Cement Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April06, 2018 at Lahore, to fix the number of Directors to be elected in the forthcoming election of directors for a period of three years, to be held in the Extraordinary General Meeting of the Members of the Company, declaration of other corporate action. 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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Pakistan Stock Exchange Limited Market Position on 28-03-2018

March 28, 2018 | General Business News

Karachi, March 28, 2018 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On March-28-2018 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30…

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7th Edition of Solar Pakistan by FAKT Exhibitions will commence today

March 28, 2018 | General Business News

Karachi, March 28, 2018 (PPI-OT): The 7th International Renewable Energy Exhibition and Conference will commence from today (Thursday) with participation…

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Zhongshan’s Annual Investment Fair Focuses on Building the Greater Bay Area by Innovation-driven Development

March 28, 2018 | General

ZHONGSHAN, China, Mar. 28, 2018 /Xinhua-AsiaNet/– On March 28, the 2018 Zhongshan Trade, Investment and Top Talent Fair and the Fifth Top Talent Networking Zhongshan kicked off under the theme of “Innovation Spearheads Development and Collective Wisdom Shapes Bay Area”, drawing 1,000 participants from more than 10 countries and regions. The accumulating innovative elements and […]

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