2017 December 21 : AsiaNet-Pakistan

Archive for December 21st, 2017

Board Meeting of Loads Limited

December 21, 2017 |

Karachi, Loads Limitedinformed Pakistan Stock Exchange that the Board of Directors of the Company has re-elected Syed Shahid Ali Shah as Chairman and Mr. Munir K. Bana as Chief Executive of the Company for a term of three years commencing from December 18, 2017. Loads Limited was established on January 1, 1979 as a private limited company with the objective of manufacturing exhaust systems, radiators, and sheet metal components for the automotive industry. The Company was converted to public limited company in January 12, 1994. Over the years, the Company has grown into one of the largest Auto Parts Manufacturers (APMs) in the country and is recognized for the reliability and quality of its products. The Company has three wholly owned subsidiaries, namely, Specialized Autoparts Industries (Private) Limited, Multiple Autoparts Industries (Private) Limited and Specialized Motorcycles (Private) Limited. The primary customers of the Group belong to the automotive sector, mainly multi-national assemblers of passenger cars, light commercial vehicles, heavy commercial vehicles (trucks & buses), tractors and motor cycles. The key clientele of the Group includes world’s most reputable assemblers i.e. Toyota, Honda, Suzuki, Hino, Nissan, Isuzu, Massey-Ferguson, Mitsubishi, Yamaha, etc. Over the years, the Group has ensured quality through technical collaboration with leading Japanese companies like Toyo Radiator Company, Futaba Industrial Company, Sankei Giken Kogyo, Yutaka Giken, Hamamatsu Pipe & Futaba for import of latest technologies and state-of-the-art machines for manufacture of radiators and exhaust systems. In addition, Loads Limited has in-house die designing & manufacturing facility with state-of-the-art Computer Numerical Control (“CNC”) automatic die manufacturing machines. The Company has acquired ISO-9001 and ISO-14001 certifications to enhance and maintain highest levels of quality standards. In order to maintain international quality standards and to bring about continuous improvements in line with changing demands, a team of highly qualified professionals provides a sound technological base. The Company and its subsidiaries have an employee base of over 1150 employees. The Group’s products are evaluated, tested and approved by the customers’ principals in Japan on periodic basis. The Group is recognized for its reliability, quality and timely deliveries and has regularly received Quality Excellence Awards from customers like Toyota, Honda, Suzuki, Hino, etc. in Pakistan. The Group’s head office and manufacturing facility is located at Korangi Industrial Area, Karachi. The remaining manufacturing facilities are housed in the two wholly owned subsidiaries, situated in Bin Qasim, Karachi. The total covered area of the three plants exceeds 10 acres. The Company has installed an integrated SAP software system at all the plants for ensuring online control of just-in-time supplies, production, sales, inventories and financial reporting. The Japanese philosophies of 5s and Kaizen have been implemented to ensure efficiency, good housekeeping and higher productivity. All senior personnel undergo training and development as required from time to time.

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Board of directors meeting of Habib Sugar Mills Limited

December 21, 2017 |

Karachi, Habib Sugar Mills Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 28, 2017 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended September 30, 2017. Further, the company has declared the closed period from December 21, 2017 to December 28, 2017 Habib Sugar Mills Limited is a public limited Company incorporated in Pakistan, with its shares quoted on the Pakistan Stock Exchange. The Company is engaged in the manufacturing and marketing of refined sugar, molasses, ethanol, liquid carbon dioxide, household textiles and providing bulk storage facilities. The symbol “HABSM” is being used by the stock exchanges for the shares Habib Sugar Mills Limited.

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Board of directors meeting of Sanghar Sugar Mills Limited

December 21, 2017 |

Karachi, Sanghar Sugar Mills Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 30, 2017 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended September 30, 2017. Further, the company has declared the closed period from December 21, 2017 to December 30, 2017 Sanghar Sugar Mills Limited is a public limited company, is principally engaged in the manufacture and sale of sugar. Initially Mills having a capacity of 2,000 T.C.D. was installed. Subsequently the capacity has been increased which currently stands at 6,000 T.C.D. The symbol “SANSM” is being used by the stock exchanges for the shares Sanghar Sugar Mills Limited.

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Board of directors meeting of J. D. W. Sugar Mills Limited

December 21, 2017 |

Karachi, J. D. W. Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 30, 2017 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended September 30, 2017. Further, the company has declared the closed period from December 21, 2017 to December 30, 2017 The Sugar Division comprises of three sugar mills Units in the districts of Rahim Yar Khan, Punjab and Ghotki, Sindh. With its combined crushing capacity of 44,500 TCD, it is one of the largest group in the sugar sector and contributes approximately 15-17% of country’s sugar production. The Company has been successful in completing and commissioning its two high-pressure Co-Generation plants at Unit-II (Sadiqabad) and Unit-III (Ghoki). The first 26.6 MW plant at Unit-II achieved commercial operations on 12 June 2014 after clearing all testing, certification and trial run requirements. The second 26.8 MW project at Unit-III achieved commercial operations on 03 October 2014 after similarly completing all pre-commissioning formalities. JDW is also managing Sugarcane Corporate Farms over the area of 24,000 Acres in the Provinces of Punjab & Sindh. By using knowledge, experience together with modern tools and machinery and distinctive agronomic strategies, JDW has been able to build highly efficient and eco-friendly farms with higher yields. Company’s unique farming techniques have also led to the capacity building of existing farmers thereby resulting in improved and reliable cane supply to JDW. The symbol “JDWS” is being used by the stock exchange for the shares of J. D. W. Sugar Mills Limited.

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Chief Minister Gilgit-Baltistan invites private sector to join hands with government of Gilgit-Baltistan and start flight operation for this area

December 21, 2017 | General Business News

Lahore, December 21, 2017 (PPI-OT):Chief Minister Gilgit-Baltistan Hafiz Hafeez-ur-Rehman has invited the private sector to join hands with the government of Gilgit-Baltistan and start flight operation for this area. While talking to the LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Kharar Rashid and Vice President Zeeshan Khalil, Chief Minister Gilgit-Baltistan, he said that …

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Pakistan Stock Exchange Limited Market Position on 21-12-2017

December 21, 2017 | General Business News

Karachi, December 21, 2017 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On DEC-21-2017 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi PSX-KMI POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 204 Current 19368.11 38715.77 28524.79 65379.83 14951.65 19536.15 19486.93 Minus 148 Previous 19069.69 38208.06 28367.24 64504.46 14688.69 19483.21 19430.10 Unchanged 13 High …

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41st FPCCI Export Award 2017 to be held on December 26 in Karachi

December 21, 2017 | General Business News

Karachi, December 21, 2017 (PPI-OT):41st FPCCI Export Award for the year 2017 will be held on Tuesday 26th December, 2017 at Karachi. Chairman Senate Mr. Raza Rabbani shall grace the occasion and distribute awards to 41 highest exporters in different categories. For more information, contact: Secretary General Federation of Pakistan Chambers of Commerce and Industry …

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State Bank of Pakistan new procedure for Prime Minister Package not executable: PRGMEA

December 21, 2017 | General Business News

Lahore, December 21, 2017 (PPI-OT):The ministries as well as the central bank, instead of quick implementation of PM Export Package, are constantly using delaying tactics, involving lengthy procedure, complex methodology and such conditions which can never be fulfilled – a lollypop to the exporters. Pakistan Readymade Garments Manufacturers and Exporters Association Senior Vice Chairman Sheikh …

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Global Islamic Microfinance turned to end successfully in the heart of Turkey

December 21, 2017 | General Business News

Dubai, December 21, 2017 (PPI-OT):Chaired by the President of Republic of Turkey, 7th Global Islamic Microfinance Forum successfully ended in Istanbul Turkey. Delegates from more than 40 countries participated in the event. Al-Huda Centre of Islamic Banking and Economics organized the forum in association with World Halal Summit at Convention Center Istanbul – Turkey from …

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Ufone announces its SIM Lagao Offer

December 21, 2017 | General Business News

Karachi, December 21, 2017 (PPI-OT):Ufone recently announced its ‘SIM Lagao Offer’ to facilitate its inactive subscriber base. This nationwide offer will incentivize users whose SIMs have not been in use since 60 days or more. The offer entails provision of 100MB mobile internet, 100 U-U minutes, 100 SMS with a validity period of 30 days …

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Role of women enterprises key to economic development

December 21, 2017 | General Business News

Islamabad, December 21, 2017 (PPI-OT):“Given the economic opportunities and the social changes Pakistan is faced with, the importance of equipping women with the right opportunities and resources through social enterprise is essential if we are to see Pakistan as leading economy in the near future” said Mr. Sartaj Aziz, Deputy Chairman Planning Commission while addressing …

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TCS Sentiments Express to launch Week Long Giveaway Campaign

December 21, 2017 | General Business News

Karachi, December 21, 2017 (PPI-OT):Sentiments Express is the ultimate gifting solution and offers a wide range of products for locals and expats to send gifts to loved ones in Pakistan. As 2017 comes to a close, TCS Sentiments Express is launching their New Year/Christmas campaign with a bang on 22nd December, 2017. The “Chalo Chalo …

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