August 16, 2018 - AsiaNet-Pakistan

Archive for August 16th, 2018

PACRA Maintains Entity Ratings of ORIX Leasing Pakistan Limited

August 16, 2018 | General Business News

Lahore, August 16, 2018 (PPI-OT): The ratings reflect OLP’s augmented market position in the industry. The Company’s operations are supported…

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AkzoNobel Pakistan and National Power Parks Management Company join hands to further power Pakistan

August 16, 2018 | General Business News

Lahore, August 16, 2018 (PPI-OT): AkzoNobel Pakistan has expanded its footprint in the Power sector of Pakistan by supplying protective…

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JCR-VIS Reaffirms Entity Ratings of ASA Pakistan Limited

August 16, 2018 | General Business News

Karachi, August 16, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited has reaffirmed entity ratings of ASA Pakistan Limited (ASA Pakistan)…

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Projected Cost of Expo 2020 needs revision- FPCCI

August 16, 2018 | General Business News

Karachi, August 16, 2018 (PPI-OT): In order to effectively participate in the EXPO-2020 at Dubai there is a need to…

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PACRA Maintains Entity Ratings of Jahangir Siddiqui and Co. Limited

August 16, 2018 | General Business News

Lahore, August 16, 2018 (PPI-OT): The ratings reflect JSCL’s strong presence as a Holding Company in the financial sector with…

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Board of directors meeting of Dynea Pakistan Limited

August 16, 2018 | Board Meetings

Karachi, Dynea Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 30, 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 16, 2018 to August 30, 2018. Dynea Pakistan Limited was incorporated in Pakistan on June 20, 1982 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing of formaldehyde, urea/melamine formaldehyde and aminoplast compound. The stocks of the company are quoted on the Karachi and Lahore stock exchanges in Pakistan. The registered office of the company is located at Karachi. The associated companies are Shabbir Tiles Ceramics Limited and Agriauto Industries Limited. The symbol “DYNO” is being used by the stock exchanges for the shares of Dynea Pakistan Limited.

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Board of directors meeting of SME Leasing Limited

August 16, 2018 | Board Meetings

Karachi, SME Leasing Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2018 at Islamabad. 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 16, 2018 to August 27, 2018. SME Leasing Limited was incorporated as an unlisted public limited company on July 12, 2005. The company, while a still remains a subsidiary of SME Bank Limited has now become a listed Company on Pakistan Stock Exchange. The core Objective of the Company is to extend Lease and Working Capital financing facilities to small and medium enterprises of the country. The Company was granted the Certificate for commencement of business on January 28, 2003 and under an arrangement with SME Bank Limited, the assets and liabilities of the leasing division of SME Bank Limited were transfer to the Company on January 31, 2003. The objective for forming SMEL is to contribute monetarily, as much as possible, towards the economics growth of the country and at the same time bringing about cultural change in the uplift of the SME sector by providing client-specific financing facilities. The Company primarily concentrates on SME sector with a vision to enhance their assets and technology capabilities. it provides a window to the SMEs with one of the largest branch networks in Pakistan. Currently the company has eight branches operating in the major cities of the country. The symbol “SLL” is being used by the stock exchanges for the shares of SME Leasing Limited.

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Board of directors meeting of Faysal Bank Limited

August 16, 2018 | Board Meetings

Karachi, Faysal Bank Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2018 at Karachi. The agenda of the meeting will to consider the 2nd Quarterly Accounts for the period ended June 30, 2018. Further, the company has declared the closed period from August 17, 2018 to August 27, 2018. Faysal Bank Limited was incorporated in Pakistan on October 3, 1994. The foundations of the company were laid as a public limited company under the Companies Ordinance, 1984. Ithmaar Bank B.S.C., a Bahrain based retail bank, is the parent company of the bank. The business activities of the bank include commercial banking, consumer banking, corporate banking and Islamic banking activities. The bank has a branch network comprising of over more than 265 branches in around 80 cities of Pakistan. The registered office of the bank is situated in Karachi. The stocks of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The bank provides products to its customers in the field of personal and business banking. This includes deposits products, retail services, lending and insurance solutions. In the business banking the services related to corporate and agri solutions are provided. The symbol “FABL” is being used by the stock exchange for the shares of Faysal Bank Limited.

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Board of directors meeting of Universal Insurance Company Limited

August 16, 2018 | Board Meetings

Karachi, Universal Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 25, 2018 at Rawalpindi. 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 16, 2018 to August 25, 2018. Universal Insurance Company Limited is a public limited company incorporated in Pakistan on May 9, 1958. The foundations of the company rely on the Companies Act, 1913 now referred to as Companies Ordinance, 1984. It is engaged in the business of non-life insurance business. The services of the company includes motor insurance, marine insurance, fire insurance, miscellaneous insurance, travel insurance and claim settlement procedures. The registered office of the company is located in Lahore. The stocks of the company are quoted on Karachi and Lahore Stock Exchange of Pakistan. The company is a part of the Bibojee Group of Companies. The operations of the company started in 1960. The reinsurers of the company are Hanover Reinsurance Company of West Germany, Somitomo Marine and Fire Insurance Company of Japan, Korean Reinsurance Company of Korea and J.B Boda & company broker of Singapore. This clientage of the company includes Textile/Spinning Mills, Flour Mills, Sports and Surgical Manufacturers, Garment Factories, Sugar Mills, Ghee Industries and various other industrial projects the number of which runs over fifteen thousand. The company is also on the approved panel of all the local and foreign Banks/Financial Institutions/Leasing Companies and Modarabas etc. The symbol “UVIC” is being used by the stock exchange for the shares of Universal Insurance Company Limited.

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Board of directors meeting of Bolan Castings Limited

August 16, 2018 | Board Meetings

Karachi, Bolan Castings Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2018 at Lahore. 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 21, 2018 to August 27, 2018. Bolan Castings Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company was incorporated on July 15, 1982. The company is engaged in the business of manufacturing and selling castings for tractors and automotive parts which includes Grey Iron Castings and Spheroidal Graphite/ Nodular/ Ductile Iron Castings. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Balochistan. The symbol “BCL” is being used by the stock exchanges for the shares of Bolan Castings Limited.

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Board of directors meeting of UBL Fund Managers Limited

August 16, 2018 | Board Meetings

Karachi, UBL Fund Managers Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 28, 2018 at Karachi to consider and approve the financial statements for the period ended June 30, 2018 of the fun…

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Nestle Pakistan records 4.24% revenue growth in H1 2018

August 16, 2018 | General Business News

Lahore, August 16, 2018 (PPI-OT): Nestle Pakistan recorded a revenue growth of 4.2% for the six months ended on June…

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