March 29, 2018 - AsiaNet-Pakistan

Archive for March 29th, 2018

Board of directors meeting of Bankislami Pakistan Limited

March 29, 2018 |

Karachi, Bankislami Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April05, 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 29, 2018 to April 06, 2018. The State Bank of Pakistan declared Bank Islami Pakistan Limited as a Scheduled Bank with effect from March 17, 2006. BankIslami started its Banking operations on April 7, 2006 in Karachi. The idea of Bank Islami was conceptualized by Jahangir Siddiqui & Company Limited and Randeree family in late 2003. Mr. Hasan A. Bilgrami was appointed as Adviser to the sponsors on March 16, 2004 for formalizing the idea. He presented the concept paper of Bank Islami to sponsors on March 24, 2004. A detailed business plan was then prepared and a formal application was submitted to the State Bank of Pakistan on May 26, 2004. On September 26, 2005, Dubai Bank joined the Sponsors and became one of the founding shareholders of Bank Islami by investing 18.75% in the total Capital. By the end of 2013, the bank possessed 201 branches in 77 cities nationwide. Under the Islamic banking policy of 2003 the bank acquired its Islamic banking license in 2005. The registered office of the company is located in Karachi. The core business area of the bank includes wealth management including shariah compliant and retail banking products, proprietary products and third party products. Financial planning service is also an important part of the process. The symbol “BIPL” is being used by the stock exchange for the shares of Bank Islami Pakistan Limited.

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Board of directors meeting of Crescent Star Insurance Company Limited

March 29, 2018 |

Karachi, Crescent Star Insurance Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April05, 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 30, 2018 to April05, 2018. Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan. The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services. The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.

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TDAP sponsored 8-member Electric Fan Manufacturers’ and Exporters’ delegation to visit UAE fromMarch 26-28, 2018

March 29, 2018 | General Business News

Karachi, March 29, 2018 (PPI-OT): TDAP sponsored trade delegation of electric fans manufacturers and exporters which is on three day…

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JCR-VIS Maintains Ratings of Jamshoro Joint Venture Limited –

March 29, 2018 | General Business News

Karachi, March 28, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the entity ratings of Jamshoro Joint Venture…

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Punjab invites investors to set up industries in Industrial Estates

March 29, 2018 | General Business News

Islamabad, March 29, 2018 (PPI-OT): Shairyar Salim, Chief Executive Officer along with Ijaz Azeem, General Manager Marketing of Punjab Industrial…

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Pakistan’s Liquid Foreign Reserves Position

March 29, 2018 | General Business News

Karachi, March 29, 2018 (PPI-OT): The total liquid foreign reserves held by the country stood at US$17,948.4 million on 22…

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PACRA Assigns Initial Entity Ratings to Rustam Towel (Private) Limited

March 29, 2018 | General Business News

Lahore, March 29, 2018 (PPI-OT): Rustam Towel (Pvt.) Limited (Rustam Towel) is small scale export oriented towel manufacturer, a family…

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Opening of concerned branches to facilitate the collection of Government duties/taxes on March 31, 2018

March 29, 2018 | General Business News

Karachi, March 29, 2018 (PPI-OT): In order to facilitate the collection of Government duties / taxes, NIFT will provide a…

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Minister ensures relief to traders of Multan, McLeod roads

March 29, 2018 | General Business News

Lahore, March 29, 2018 (PPI-OT): Provincial Minister for Industries Sheikh Alauddin has ensured relief to the businessmen of Multan Road…

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Engro Foods Limited inks MOU with JS Bank to empower Dairy Farmers through PMYBL Scheme

March 29, 2018 | General Business News

Karachi, March 29, 2018 (PPI-OT): Engro Foods Limited being the 2nd largest Dairy Company in Pakistan has collaborated with JS…

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President KCCI to inaugurate ICT Gala 2018 today

March 29, 2018 | General Business News

Karachi, March 29, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik will be inaugurating ICT…

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5th African Islamic Finance Summit to be held in Tanzania

March 29, 2018 | General Business News

Dubai, March 29, 2018 (PPI-OT): AlHuda Centre of Islamic Banking and Economics (CIBE) is honoured to organize 5th African Islamic…

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