2018 February 20 : AsiaNet-Pakistan

Archive for February 20th, 2018

UPDATE–Drive Digital Workforce with Newgen RPA Suite

February 20, 2018 | General

Dubai, Feb. 20, 2018 (GLOBE NEWSWIRE) — Newgen Software, a provider of Business Process Management (BPM), Enterprise Content Management (ECM) and Customer Communication Management (CCM) platforms, today announced the launch of iBPS Robotic Process Automation Suite. Speaking about the new offering, Diwakar Nigam, MD & Chairman, Newgen Software said, “Most organizations rely on enormous amounts of […]

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Board of directors meeting of Gharibwal Cement Limited

February 20, 2018 | Board Meetings

Karachi, Gharibwal Cement Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2018 at Lahore. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from February 20, 2018 to February 27, 2018. Gharibwal Cement Limited is a company incorporated in Pakistan in December 29, 1960 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are production and sale of Cement. 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 “GWLC” is being used by the stock exchange for the shares of Gharibwal Cement Limited.

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Board of directors meeting of MACPAC Films Limited

February 20, 2018 | Board Meetings

Karachi, MACPAC Films Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 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 February 21, 2018 to February 27, 2018. MACPAC Films Limited is a company incorporated in Pakistan on August 19, 1993 as a limited liability company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture, production, buying and selling of plastic packaging films. The stocks of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi. The symbol “MACFL” is being used by the stock exchange for the shares of MACPAC Films Limited.

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Board of directors meeting of Siddiqsons Tin Plate Limited

February 20, 2018 | Board Meetings

Karachi, Siddiqsons Tin Plate Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 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 February 21, 2018 to February 27, 2018. Siddiqsons Tin Plate Limited is a company operating in Pakistan established in 1999. The company was incorporated on January 29, 1996. The foundations of the company are laid under the Companies Ordinance, 1984. The company has collaboration with SOLLAC of France and Mitsubishi corporation of Japan. The factory of the company is located in Baluchistan with a production capacity of 120,000 tons per annum of Tin Plate. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The canning plant is located at Malir, Karachi. The prioncipal activities of the companies includes manufacturing and sale of tin plates, cans and other steel products. The material is used by companies for making cans and containers for packaging of cooking oil, fruits, foods and vegetables, sea foods, beverages, lubricant oil and edible stuff etc. The company prepares its products using the Ferrostan process technology developed by US Steel. The symbol “STPL” is being used by the stock exchanges for the shares of Siddiqsons Tin Plate Limited.

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Board of directors meeting of I. C. C. Textile Limited

February 20, 2018 | Board Meetings

Karachi, I. C. C. Textile Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 28, 2018 at Lahore. 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 February 21, 2018 to February 28, 2018. I. C. C. Textile Limited is engaged in engineering and turnkey construction of large-scale electrical and mechanical projects. The company has played a vital role in the country’s economy by constructing a major portion of Pakistan’s electrical network. ICC specializes in turnkey constructions of High Voltage Transmission lines, Substations, Power Stations, Communication Systems and Mechanical Installations. The symbol “ICCT” is being used by the stock exchanges for the I. C. C. Textile Limited.

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Board of directors meeting of Lakson Investments Limited

February 20, 2018 | Board Meetings

Karachi, Lakson Investments Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2018 at Karachi, to consider the Condensed Interim Financial Information (Lin-Audited) of the collective investment schemes managed by the Company named as the Lakson Income Fund, the Lakson Money Market Fund, the Lakson Equity Fund, the Lakson Asset Allocation Developed Markets Fund, Lakson Islamic Tactical Fund and Lakson Tactical Fund (hereinafter collectively called ‘Funds’) for the period ended December 31, 2017. Further, the company has declared the closed period from February 20, 2018 to February 27, 2018. Lakson Investments Limited, the investment management arm of The Lakson Group, is licensed by the Securities & Exchange Commission of Pakistan to provide asset management and investment advisory services under the Non Banking Finance Companies Rules, 2003 and Notified Entities Regulations, 2008. Lakson Investments currently manages six unique open end mutual funds. The Lakson Money Market Fund (LMMF) is designed for those with a short term investment horizon, the Lakson Income Fund (LIF) caters to those with an intermediate investment horizon and the Lakson Equity Fund (LEF) provides diversified exposure to domestic stocks.

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Board of directors meeting of Dadabhoy Sack Limited

February 20, 2018 | Board Meetings

Karachi, Dadabhoy Sack Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from February 21, 2018 to February 27, 2018. Dadabhoy Sack Limited was incorporated on September 27, 1983 as a private limited company by the name of Paperpro Industries Private Limited. It was later converted into a public limited company on October 27, 1994 and its name was changed to Dadabhoy Sack Limited on January 19, 1995. The main activity of the company is manufacturing and sale of paper bags. 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 plant is located on the main Super Highway adjacent to Dadabhoy Cement Industries to be able to supply the major portion of its production to the sister concern. The company’s surplus production is supplied to cement plant in the vicinity. The project was financed by United Bank Limited. Flush cut paper bags are manufactured using only the finest paper reels from Austria, Canada and Sweden. The symbol “DBSL” is being used by the stock exchanges for the shares of Dadabhoy Sack Limited.

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Board of directors meeting of Trust Investment Bank LimitedKarachi, Trust Investment Bank Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2018 at Lahore. 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 February 21, 2018 to February 27, 2018. The announcement is available at: https://www.psx.com.pk/notices-updates/detail2.php?0.6697813288447668&id=4&nid=110418 Trust Investment Bank Limited was incorporated in 1992 as a public limited company under the Companies Ordinance, 1984. The company is mainly engaged in the business of investment finance services. It is classified as a Non-Banking Finance Company and is regulated by the Securities and Exchange Commission of Pakistan. The registered office of the company is located in Lahore. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. Trust Capital Private Limited is the subsidiary of Trust Investment Bank Limited. TCPL is engaged in the business of stock brokerage, portfolio management and trading in listed securities on all the three Stock Exchanges of Pakistan. The banks portfolio includes services related to financial products i.e. trade finance, factoring, term loans, investment advisory services, syndication and trusteeship services etc. The bank serving clients in the urban centers like Karachi, Lahore, Faisalabad & Islamabad as well as smaller towns like Multan & Peshawar. Besides this the bank works with local and international financial institutions for local or foreign currency syndications. Fixed term deposits and services are managed by the bank. The symbol “TRIBL” is being used by the stock exchange for the shares of Trust Investment Bank Limited.

February 20, 2018 | Board Meetings

Karachi, Trust Investment Bank Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2018 at Lahore. 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 February 21, 2018 to February 27, 2018. Trust Investment Bank Limited was incorporated in 1992 as a public limited company under the Companies Ordinance, 1984. The company is mainly engaged in the business of investment finance services. It is classified as a Non-Banking Finance Company and is regulated by the Securities and Exchange Commission of Pakistan. The registered office of the company is located in Lahore. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. Trust Capital Private Limited is the subsidiary of Trust Investment Bank Limited. TCPL is engaged in the business of stock brokerage, portfolio management and trading in listed securities on all the three Stock Exchanges of Pakistan. The banks portfolio includes services related to financial products i.e. trade finance, factoring, term loans, investment advisory services, syndication and trusteeship services etc. The bank serving clients in the urban centers like Karachi, Lahore, Faisalabad & Islamabad as well as smaller towns like Multan & Peshawar. Besides this the bank works with local and international financial institutions for local or foreign currency syndications. Fixed term deposits and services are managed by the bank. The symbol “TRIBL” is being used by the stock exchange for the shares of Trust Investment Bank Limited.

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Board of directors meeting of Masood Textile Mills Limited

February 20, 2018 | Board Meetings

Karachi, Masood Textile Mills Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2018 at Faisalabad. 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 February 20, 2018 to February 28, 2018. 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 Masood Textile Mills Limited

February 20, 2018 | Board Meetings

Karachi, Masood Textile Mills Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 2018 at Faisalabad. 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 February 20, 2018 to February 28, 2018. 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 B.R.R. Guardian Modaraba

February 20, 2018 | Board Meetings

Karachi, B.R.R. Guardian Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 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 February 20, 2018 to February 27, 2018. Mr. Siddique Dawood (Late), an eminent member of Dawood family, in collaboration with National Development Finance Corporation Limited formed B.R.R. Investments (Private) Limited (BRRI) [formerly B.R.R. Investment Services (Private) Limited] in April, 1983 to promote investments in Pakistan through leasing. The company was registered on August 7, 1984 as a Modaraba Management Company under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. The Company floated two Modarabas in the name and style of B.R.R. CAPITAL MODARABA and B.R R. SECOND MODARABA in 1985 and 1990 with a paid up fund of Rs. 20 million and Rs. 100 million respectively. The first lease was executed on 26 March, 1984. Additionally, in August 1993 Equity International Modaraba (ElM) was floated with a paid up capital of Rs.150 million by Equity International (Pvt.) Ltd. (ElL). It was sponsored by BRRI, International Finance Corporation (IFC), Robert Fleming and Company (Flemings), and Saudi Pak Industrial & Agricultural Investment Company (Pvt.) Ltd. (SAPICO). International Finance Corporation joined BRRl as equity partner in 1999. The first merger in the history of Modarabas took place when B.R.R. Second Modaraba and Equity International Modaraba merged with and into B.R.R. Capital Modaraba on March 1, 1998. The name of B.R.R. Capital Modaraba was subsequently changed to B.R.R. International Modaraba on April 14, 1998. As a result of the merger the paid up fund of B.R.R. International Modaraba rose to Rs.481.93 million making it the largest Modaraba in Pakistan in terms of equity. The Modaraba offers lease financing to corporate entities as well as creditworthy individuals. The Modaraba also provides Musharaka, Morabaha and Equity Investments to cater the requirements of Trade & Industry. The Modaraba is unique among leasing companies and Modarabas in offering building leases. It offers the acquisition of buildings for its commercial clients through the medium of a building lease. The scheme provides both for the lease of a building on land owned by the client, or alternatively a lease encompassing both the provision of land and a building thereon. The symbol “BRR” is being used by the stock exchanges for the B.R.R. Guardian Modaraba.

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Board of directors meeting of Crescent Standard Modaraba

February 20, 2018 | Board Meetings

Karachi, Crescent Standard Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 27, 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 February 20, 2018 to February 27, 2018. Crescent Standard Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under. The Modaraba was initially managed by Financial Link Limited up to January 19, 2007 however the management of Modaraba transferred to Providence Modaraba Limited. During 2008, Providence Modaraba Limited merged with and into B.R.R. Investment Private Limited and since then the Modaraba is under the management of B.R.R. Investments Private Limited. It is a perpetual and multipurpose modaraba and is engaged in investing in equities and debt securities, musharaka and murabaha finance etc. It is listed on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “CSM” is being used by the stock exchange for the shares of Crescent Standard Modaraba.

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