August 3, 2018 - AsiaNet-Pakistan

Archive for August 3rd, 2018

Artprice: H1 2018 Global Art Market Report – All Indicators Are Positive

August 3, 2018 | Press Release

PARIS, August 3, 2018/PRNewswire-FirstCall/ — First Half 2018: the Art Market posted a general recovery of +18% 1. Global auction turnover on Fine Art* rose 18%, totalling $8.45 billion 2. Transaction numbers remained stable with 262,000 lots sold, up 2.5% vs. H1 2017 3. The USA posted a massive 48% increase, with total turnover of […]

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Board of directors meeting of JS Global Capital Limited

August 3, 2018 | Board Meetings

Karachi, JS Global Capital Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 13, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2018. Further, the company has declared the closed period from August 06, 2018 to August 13, 2018. JS Global Capital Limited was a company incorporated in Pakistan as a private limited company on June 28, 2000. The company was converted into a public limited company in December, 2004. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a subsidiary of JS Bank Limited which is a subsidiary of Jahangir Siddiqui and Company Limited, the ultimate parent of the company. JS Global Capital Limited is a TRE Certificate holder of the company. The principal activities of the company are share brokerage, money market, forex and commodity brokerage, advisory and consultancy services. The other mix includes investment in the listed and unlisted equity and debt securities and reverse purchase transactions. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The symbol “JSGCL” is being used by the stock exchange for the shares of JS Global Capital Limited.

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Board of directors meeting of TPL Insurance Limited

August 3, 2018 | Board Meetings

Karachi, TPL Insurance Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 11, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, …

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Board of directors meeting of Engro Corporation Limited

August 3, 2018 | Board Meetings

Karachi, Engro Corporation Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 16, 2018 at Dubai. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2018. Further, the company has declared the closed period from August 07, 2018 to August 16, 2018. Engro Corporation Limited is a publically listed company incorporated in Pakistan under the Companies Ordinance, 1984. The company is engaged in the business of managing investments in subsidiary companies and joint venture, engaged in chemical fertilizers, PVC resin manufacturing, food, energy, exploration, LNG and liquid chemical terminal and storage businesses. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The business ventures of the company started in 1957 from the search for oil by Pak Stanvac an Esso/Mobil joint venture which led to the discovery of the Mari Gas field near Daharki. Later, Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in 1964. In the subsequent year, Esso Pakistan Fertilizer Company Limited was incorporated, with 75% of the shares owned by Esso and 25% by the general public. The subsidiary companies of the group are Engro Fertilizers Limited, Engro Foods Limited, Engro Polymers And Chemicals Limited, EngroPowergen Limited, Engro EXIMP Private Limited, EngroVopak Terminal Limited and Elengy Terminal Pakistan Limited. The symbol “ENGRO” is being used by the stock exchange for the shares of Engro Corporation Limited.

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Board of directors meeting of Rafhan Maize Products Company Limited

August 3, 2018 | Board Meetings

Karachi, Rafhan Maize Products Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 10, 2018 at London. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2018. Further, the company has declared the closed period from August 02, 2018 to August 10, 2018. Rafhan Maize Products Company Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. Ingredion Incorporated (Formerly Corn Products International, Inc.) Chicago, U.S.A., holds the majority shares of the company. The Company uses maize as the basic raw material to manufacture and sell a number of industrial products, principal ones being industrial starches, liquid glucose, dextrose, dextrin and gluten meals. It is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “FDIBL” is being used by the stock exchange for the shares of First Dawood Investment Bank Limited.

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Board of directors meeting of Pakistan State Oil Company Limited

August 3, 2018 | Board Meetings

Karachi, Pakistan State Oil Company Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 11, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018. Further, the company has declared the closed period from August 03, 2018 to August 13, 2018. Pakistan State Oil Company Limited is a public limited company incorporated in Pakistan in 1976. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are procurement, storage and marketing of petroleum and related products. The company is also known for blending various kinds of lubricating oils. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The products which the company sells include Motor Gasoline, High Speed Diesel, Furnace Oil, Jet Fuel, Kerosene, CNG, LPG, Petrochemicals and Lubricants. The distribution network of the company comprises of 3,689 outlets out of which 3,500 outlets serve the retail sector and 189 outlets serve the bulk customers. In addition to retail customers more than 2,000 industrial units, business houses, power plants and airlines are being fueled by the company. The associated companies of PSO are Asia Petroleum Limited with 49% shareholding and Pak Grease Company Limited with 22% shareholding percentage. The industry association and trade bodies of the company include Management Association of Pakistan and World Economic Forum. The symbol “PSO” is being used by the stock exchanges for the shares of Pakistan State Oil Company Limited.

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DFID team calls upon Chairperson Sindh Board of Investment to discuss development in Sindh

August 3, 2018 | General Business News

Karachi, August 03, 2018 (PPI-OT): A five-member team of DFID led by Lindy Cameron Director General, Country Programmes, DFID, Joanna…

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1,076 new companies registered in July 2018

August 3, 2018 | General Business News

Islamabad, August 03, 2018 (PPI-OT): The SECP registered 1,076 new companies in July. As compared to the corresponding month of…

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State Bank of Pakistan conducts Open Market Operation

August 3, 2018 | General Business News

Karachi, August 03, 2018 (PPI-OT): State Bank of Pakistan conducted its Open Market Operation, Reverse Repo Purchase (Injection), in following…

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DFID team calls upon Chairperson Sindh Board of Investment to discuss development in Sindh

August 3, 2018 | Ministries, Official News

Karachi, August 03, 2018 (PPI-OT): A five-member team of DFID led by Lindy Cameron Director General, Country Programmes, DFID, Joanna Reid, Head of DFID Pakistan, and Elin Burns, UK Deputy High Commissioner, called upon Chairperson, Sindh Board of Investment, Naheed…

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State Bank of Pakistan conducts Open Market Operation

August 3, 2018 | General, Official News

Karachi, August 03, 2018 (PPI-OT): State Bank of Pakistan conducted its Open Market Operation, Reverse Repo Purchase (Injection), in following contracts on August 3, 2018. Quotes received and accepted are as given below: A: OMOs NO OMO Tenor Range Number…

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1,076 new companies registered in July 2018

August 3, 2018 | General, Official News

Islamabad, August 03, 2018 (PPI-OT): The SECP registered 1,076 new companies in July. As compared to the corresponding month of last financial year, it represents a growth of 30 percent as compared to corresponding period last year, raising the number…

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