January 2, 2018 - AsiaNet-Pakistan

Archive for January 2nd, 2018

Promo Video of China’s Zhongshan City Debuts at Times Square in the New Year

January 2, 2018 | Travel & Leisure

ZHONGSHAN, China, Jan. 2, 2018 /Xinhua-AsiaNet/– China’s Zhongshan City, a city with renowned history and culture, made its debut with a brand-new promo video at the Times Square in New York at 0:00 a.m. local time on Jan 1, 2018, sending its invitation to the world on the first day of the new year. The […]

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Board of directors meeting of Golden Arrow Selected Stocks Fund Limited

January 2, 2018 | Board Meetings

Karachi, Golden Arrow Selected Stocks Fund Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 09, 2018 at Karachi to consider and approve the Notice, Date and Time of the Extraordinary General Meeting along with the Scheme of Arrangement for the Conversion of the Company from closed –end investment company to open-end scheme. Further, the company has declared the closed period from January 02, 2018 to January 09, 2018. Golden Arrow Selected Stock Fund is a company incorporated in Pakistan as a public limited company on May 9, 1983. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. The company got registered as an investment company on April 29, 2005 under the Non Banking Finance Companies Rules, 2003. The company is a closed-end mutual fund and its principal activity is to make investment in marketable securities. The company is being managed by AKD investment Management Limited and Central Depository Company of Pakistan Limited is the custodian of the company. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is situated at Karachi. The symbol “GASF” is being used by the stock exchange for the shares of Golden Arrow Selected Stock Fund.

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Board of directors meeting of Dolmen City Reit

Karachi, Dolmen City Reit informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 09, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from January 02, 2018 to January 09, 2018. City REIT is Pakistan’s first REIT scheme. It is a closed-ended, Listed Shariah compliant Rental REIT which offers investors to become Unit holders of two component of the Dolmen City project, Dolmen Mall Clifton and The Harbor Front. The properties will generate rental income that will be distributed by the REIT Scheme among unit holders in the shape of dividends. Any possible appreciation in the value of the property will be an added benefit. Dolmen Mall Clifton has a total built-up area of approximately 1 million square feet spread over three levels. Anchored by Hyperstar and Debenhams, Dolmen Mall Clifton has a strong mix of local and international brands including Mango, Next, Nike, Nine West, Timberland and Charles & Keith. The building is currently 100% occupied with the current tenant portfolio comprising of companies including Engro, Phillip Morris Mitsubishi and Procter & Gamble, among others. The symbol “DCR” is being used by the stock exchange for the shares of Dolmen City Reit.

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Board of directors meeting of Dewan Automotive Engineering Limited

January 2, 2018 | Board Meetings

Karachi, Dewan Automotive Engineering Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 08, 2018 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 fromJanuary 02, 2018 to January 08, 2018. Dewan Automotive Engineering Limited is a company incorporated in Pakistan on May 6, 1982. The commercial operations of the company commenced in August, 1983. It is a public Limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business of the company is assembly-cum progressive manufacture and sale of tractors, light commercial vehicles and motorcycles and trading/manufacturing of parts and implements related. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The factory of the company is located in Hub, Balochistan. The symbol “DWAE” is being used by the stock exchanges for the shares of Dewan Automotive Engineering Limited.

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Pakistan Stock Exchange Limited Market Position on 02-01-2018

January 2, 2018 | General Business News

Karachi, January 02, 2018 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On Jan-02-2018 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi PSX-KMI POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 235 Current 20804.48 41486.87 30272.79 70177.30 16071.07 20437.92 20726.27 Minus 124 Previous 20369.23 40711.04 29778.63 68765.83 15623.66 19933.31 20383.48 Unchanged 22 High …

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FPCCI takes serious view of hike in the petrol prices

January 2, 2018 | General Business News

Karachi, January 02, 2018 (PPI-OT):The President FPCCI, Mr. Ghazanfar Bilour in a statement has expressed his dismay over the prices of petrol which are going to affect all the commodities. The general public which is under tremendous pressure will be burdened further by rising prices of all essential items. The country’s export is already declining …

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President FPCCI urged on removal of quarantine requirements and various import duties on leather

January 2, 2018 | General Business News

Karachi, January 02, 2018 (PPI-OT):Ghazanfar Bilour, President FPCCI urged the government to remove various duties on the import of leather levied under different SROs and quarantine requirements on import of raw hides and skins. He was called upon by a delegation of Pakistan Tanners Association (PTA) led by its Chairman Mr. Amanullah Aftab. He was …

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Pakistan Ambassador to China calls on Secretary Planning, Development and Reform

January 2, 2018 | General Business News

Islamabad, January 02, 2018 (PPI-OT):Pakistan’s Ambassador to China, Mr. Masood Khalid called on Shoaib Ahmad Siddiqui, the Secretary Planning, Development and Reform on Tuesday to discuss a proactive way forward for expediting China Pakistan Economic Corridor projects. Both the officials discussed progress and issues of different projects in detail and shared ideas for promotion of …

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Board of Directors meeting of Haseeb Waqas Sugar Mills Limited

January 2, 2018 | Board Meetings

Karachi, Haseeb Waqas Sugar Mills Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on January 09, 2018 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 January 25, 2018 to January 31, 2018. “Haseeb Waqas Sugar Mills Limited was incorporated on January 13, 1992 as a Public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacture and sale of refined sugar and its by-products. The mill of the company is situated at Merajabad, Nankana Sahib, DistrictNankana Sahib. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The symbol “HWQS” is being used by the stock exchange for the shares of Haseeb Waqas Sugar Mills Limited.”

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Board of Directors meeting of Haseeb Waqas Sugar Mills Limited

January 2, 2018 | Board Meetings

Karachi, Haseeb Waqas Sugar Mills Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on January 09, 2018 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 January 25, 2018 to January 31, 2018. “Haseeb Waqas Sugar Mills Limited was incorporated on January 13, 1992 as a Public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacture and sale of refined sugar and its by-products. The mill of the company is situated at Merajabad, Nankana Sahib, DistrictNankana Sahib. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The symbol “HWQS” is being used by the stock exchange for the shares of Haseeb Waqas Sugar Mills Limited.”

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PRGMEA hopeful of new finance team to overcome trade deficit

January 2, 2018 | General Business News

Lahore, January 02, 2018 (PPI-OT):Pakistan Readymade Garments Manufacturers and Exporters Association has welcomed the appointment of Dr Miftah Ismail as Adviser to PM on Finance, Revenue and Economic Affairs and Rana Afzal Khan as State Minister for Finance, looking forward for working together to overcome trade deficit and chalking out the way for industrial and …

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POL price hike further weaken the economy: Yakoob Karim

January 2, 2018 | General Business News

Karachi, January 02, 2018 (PPI-OT):Lasbela Chamber of Commerce and Industry (LCCI) has strongly condemned the government’s decision to increase the prices of POL terming it anti-people and anti-economy move. The President, LCCI, Yakoob Karim said in a statement that another hike in POL prices will result in another wave of price hike that further weakening …

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