2018 March 14 : AsiaNet-Pakistan

Archive for March 14th, 2018

In Greenness Breeds the Future: Chinese Intelligent Manufacturer Gree “Lights up” Milan

March 14, 2018 | General

ZHUHAI, China, Mar. 14, 2018 /Xinhua-AsiaNet/– On March 13 local time, at the 2018 MCE Expo in Milan, Italy, a professional refrigeration exhibition with the largest scale and the widest product range in Europe, a promotion event of Gree’s IEMS Local Energy and Internet Management System was held. As developer of the system, Gree has […]

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Board of directors meeting of Adamjee Insurance Company Limited

March 14, 2018 | Board Meetings

Karachi, Adamjee Insurance Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 21, 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 15, 2018 to March 21, 2018. Adamjee Insurance Company Limited was incorporated in Pakistan on September 28, 1960. It is a public limited company listed on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The company is also listed with Central Depositary Company of Pakistan. The company is involved in the business of general insurance. The classification of its products includes fire and property, health, marine, motor and miscellaneous kinds of insurance. The registered office of the company is located in Karachi through which networks of branches are operated across Pakistan. Two branches of the company are also located in UAE. AICL with Hollard Insurance based in South Africa launched Life assurance operations through a separate entity name, Adamjee Life Assurance Company Limited. The symbol “AICL” is being used by the stock exchanges for the shares of Adamjee Insurance Company Limited.

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Board of directors meeting of Avanceon Limited

March 14, 2018 | Board Meetings

Karachi, Avanceon Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 21, 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 14, 2018 to March 21, 2018. Avanceon Limited incorporated in Pakistan in 1984. It provides engineering services in electrical, controls, machine design, information technology, and manufacturing business strategy. The services of the company in engineering services, software solutions, energy optimization, and support services enables its clients with the opportunity to achieve powerful business results and financial returns for its customers. The corporate headquarters of the company is located at Exton, PA USA, with company operational facilities in South Asia and Dubai, UAE. The registered head office of the company in Pakistan is located in Lahore. The company currently employees over 300 personnel and provides services, solutions and products to Food and Beverage, Pharmaceutical, Water, Chemicals, Printing, Oil & Gas and other industries. It is a member of Control Engineering Magazine’s System Integrator Hall of Fame and a leading technology partner for many global manufacturing companies. The engineering services offered by the company includes consulting and design of plant floor operations, manufacturing execution system software integration, custom software development for manufacturing, manufacturing maintenance support and turnkey outsourcing for integration automation solutions. The products of the company include IntraVUETM network visualization and monitoring software, ABACASTM Project Execution Methodology, ABACASTM HMI Design Methodology, ABACASTM PLC Design Methodology, AutoGenTM Automation Synchronization Toolkit, ScanHACCPTM Food Safety Quality Assurance System and DataSourceTM Print Manager. The symbol “AVN” is being used by the stock exchange for the shares of Avanceon Limited

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Board of directors meeting of Pakgen Power Limited

March 14, 2018 | Board Meetings

Karachi, Pakgen Power Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 22, 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 15, 2018 to March 22, 2018. Pakgen Power Limited was incorporated in Pakistan on June, 22 1995. The principals of the company are laid under the Companies Ordinance, 1984. The principal activities of the Company are to own, operate and maintain an oil fired power station having gross capacity of 365 MW in Muzaffargarh, Punjab. The shares of the Company are listed on the Karachi Stock Exchange and Lahore Stock Exchange of Pakistan. The registered office of the Company is situated at Lahore. The symbol “PKGP” is being used by the stock exchanges for the shares of Pakgen Power Limited.

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Board of directors meeting of Lalpir Power Limited

March 14, 2018 | Board Meetings

Karachi, Lalpir Power Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 22, 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 15, 2018 to March 22, 2018. Lalpir Power Limited formerly known as AES Lalpir Private Limited is in the business of electricity generation and distribution businesses. The business of the company falls in the category of solar energy, fuel and energy. The products of the company are plant spares and consumable chemicals, electricity and power generation. The registered office of the company is located in Lahore. The symbol “LPL” is being used by the stock exchange for the shares of Lalpir Power Limited.

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Board of directors meeting of IGI Insurance Limited

March 14, 2018 | Board Meetings

Karachi, IGI Insurance Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 01, 2018 at Lahore. The agenda of the meeting will to consider the Financial Accounts for the period ended December 31, 2017. Further, the company has declared the closed period from March 15, 2018 to March 21, 2018. IGI Insurance Limited a Packages Group Company, was incorporated in Pakistan as a public limited company in 1953 under Companies Ordinance, 1984. The insurance company is engaged in providing general insurance services in spheres of Fire, Marine, Motor, Health and Miscellaneous. 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 company is currently engaged in the process of acquisition of American Life Insurance Company for the acquisition of ownership interest of 40,986,690 ordinary shares representing approximately 81.97% of the total issued, subscribed and paid up capital shares of the company. The associated companies of the group includes packages limited, nestle Pakistan Limited, Sanofi-Aventis, Tri-Pack Films Limited, Treet Corporation Limited, Siemens Pakistan Engineering Company Limited, Coca-Cola Beverages Pakistan Limited, Mitchell’s Fruit Farms Limited, Zulfeqar Industries Limited, Loads Limited, IGI Investment Bank Limited and IGI Securities Limited. The symbol “IGIIL” is being used by the stock exchanges for the shares of IGI Insurance Limited.

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Board of directors meeting of East West Insurance Company Limited

March 14, 2018 | Board Meetings

Karachi, East West Insurance Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 21, 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 14, 2018 to March 21, 2018. East West Insurance Company Limited is a public limited company incorporated in Pakistan in the year 1983. The foundations of the company have been laid under the Companies Ordinance, 1984. The sister concern of the company is East West Insurance Company Limited. The company is engaged in the general insurance business and operates through 52 branches in Pakistan. Besides traditional Insurance business like Fire, Marine & Motor, the company underwrites specialized portfolios for which it has created specialized divisions within the company namely, Engineering, Crops and Livestock divisions. The company business is diversified and provides coverage to a wide range of agricultural and commercial business activities. The stock of the company is quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located Quetta. The core operation of the company is conducted through the office located in Karachi. The symbol “EWIC” is being used by the stock exchanges for the shares of East West Insurance Company Limited.

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Board of directors meeting of Trust Securities and Brokerage Limited

March 14, 2018 | Board Meetings

Karachi, Trust Securities and Brokerage Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 15, 2018 at Karachi to consider and approve the allotment of unsubscribed portion of Right Shares. Trust Securities and Brokerage Limited is a company incorporated in Pakistan on October 19, 1993. It is a Public Limited Company the foundations of which are laid under the Companies Ordinance, 1984. The company is engaged in providing brokerage and financial advisory services to the clients. It is also a TRE Certificate holder of the exchange. It is also engaged in shares brokerage, investments, consultancy and underwriting services. The registered office of the company is located in Lahore. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The symbol “TSBL” is being used by the stock exchange for the shares of Trust Brokerage Limited.

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Board of directors meeting of Ansari Sugar Mills Limited

March 14, 2018 | Board Meetings

Karachi, Ansari Sugar Mills Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 10, 2018 at Hyderabad. The agenda of the meeting will to consider the Annual Accounts for the period ended March 31, 2017. Further, the company has declared the closed period from April 04, 2018 to April10, 2018. Ansari Sugar Mills Limited is a company incorporated in Pakistan on July 9, 1989 as a public limited company. The principal activity of the company is manufacture and sale of white sugar. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and its factory outlet is located District Hyderabad and District Badin. The overall crushing capacity of the company is 8000 Metric Tons per day. The products of the company are White Refined Sugar and Molasses. The symbol “ANSM” is being used by the stock exchanges for the shares of Ansari Sugar Mills Limited.

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Board of directors meeting of Security Investment Bank Limited

March 14, 2018 | Board Meetings

Karachi, Security Investment Bank Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 24, 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 17, 2018 to March 24, 2018. Security Investment Bank Limited is a public limited company incorporated in Pakistan under the Companies Ordinance, 1984. The bank was incorporated in Pakistan on May 23rd, 1991. It started its commercial operation on 31 December 1991. It is licensed to carry out business of investment finance services as a Non-Banking Finance Company under section 282C of the Companies Ordinance, 1984 and the Non-Banking Finance Companies Rules, 2003 issued by the Securities and Exchange Commission of Pakistan as amended through SRO 1131 (I) /2007 dated 21 November 2007 and Non-Banking Finance Companies and Notified Entities Regulations 2008. The registered office of the company is located in Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The bank is active in the money market activities. These activities include making short-term investments in government securities, shares, lending, borrowing, placements, promissory notes, banker’s acceptance and other money market instruments. The symbol “SIBL” is being used by the stock exchange for the shares of Security Investment Bank Limited.

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Board of directors meeting of DesconOxychem Limited

March 14, 2018 | Board Meetings

Karachi, DesconOxychem Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 21, 2018 at Lahore, to discuss and evaluate certain technical, commercial and production capacity related matters. Further, the company has declared the closed period from March 13, 2018 to March 21, 2018. DesconOxychem Limited is a company incorporated in Pakistan as a private limited company on November 12, 2004. The company was converted into a public limited company with effect from February 28, 2008. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is engaging in manufacturing, procurement and sale of hydrogen peroxide and allied products. The company commenced its trial production on December 1, 2008 and commercial production on March 1, 2009. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office and the manufacturing facility of the company is situated at Lahore. The symbol “DOL” is being used by the stock exchange for the shares of DesconOxychem Limited.

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2nd Day of Pakistan’s Biggest Industries and Machinery Expo – ITIF Asia 2018

March 14, 2018 | General Business News

Karachi, March 14, 2018 (PPI-OT): Mr. Aijaz Ahmed Mahesar, Provincial Secretary, Ministry of Industries and Commerce, Govt of Sindh has…

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