2018 October 03 : AsiaNet-Pakistan

Archive for October 3rd, 2018

Board of directors meeting of Pakistan International Bulk Terminal Limited

October 3, 2018 |

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 03, 2018 at Karachi. Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi. The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years. The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo. The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.

Read More

Board of directors meeting of Pakistan Telecommunication Company Limited

October 3, 2018 |

Karachi, Pakistan Telecommunication Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 11, 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 October 03, 2018 to October 11, 2018. Pakistan Telecommunication Company Limited is a company incorporated in Pakistan on December 31, 1995 and commenced business on January 01, 1996. The foundations of the company are laid under the Companies Ordinance, 1984. The company was established to undertake the telecommunication business formerly carried on by the Pakistan Telecommunication Corporation (PTC). All the business was transferred to the Company on January 01, 1996 under the Pakistan Telecommunication Reorganization Act, 1996, on which date, the Company took over all the properties, rights, assets, obligations and liabilities of PTC, except those transferred to the National Telecommunication Corporation (NTC), the Frequency Allocation Board (FAB), the Pakistan Telecommunication Authority (PTA) and the Pakistan Telecommunication Employees’ Trust (PTET). The company provides telecommunication services in Pakistan. It owns and operates telecommunication facilities and provides domestic and international telephone services and other communication facilities throughout Pakistan. The company has also been licensed to provide such services in territories of Azad Jammu and Kashmir and Gilgit-Baltistan. 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 Islamabad. The symbol “PTCL” is being used by the stock exchange for the shares of Pakistan Telecommunications Company Limited.

Read More

Board of directors meeting of Engro Polymer and Chemicals Limited

October 3, 2018 |

Karachi, Engro Polymer and Chemicals Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 16, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018. Further, the company has declared the closed period from October 08, 2018 to October 16, 2018. The company was set up in 1997 by the name of Engro Asahi Polymer and Chemical Ltd. It was a joint venture between Engro Chemical, Asahi Glass Company and Mitsubishi Corporation to set up a 100,000 ton capacity PVC plant at Port Qasim. The plant came into commercial operation in 1999. In 2006, Asahi Glass divested from the business and Engro Chemical acquired its shareholding. The name of the company was changed to Engro Polymer & Chemicals Limited. The registered office of the company is located in Karachi. Other than producing caustic soda, sodium hypochlorite, EDC and VCM, Engro Polymer & Chemicals Limited is also the manufacturer of PVC resin in Pakistan. The symbol “EPCL” is being used by the stock exchange for the shares of Engro Polymer and Chemicals Limited.

Read More

Board of directors meeting of Mari Petroleum Company Limited

October 3, 2018 |

Karachi, Mari Petroleum Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 18, 2018 at Islamabad. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018. Further, the company has declared the closed period from October 10, 2018 to October 18, 2018. Mari Gas Field was originally owned by Pakistan Stanvac Petroleum Project, a joint venture formed in 1954 between Government of Pakistan and M/s Esso Eastern Incorporated, having 49% and 51% ownership interest, respectively. The first gas discovery was made by the Joint Venture in 1957 when the first well in lower Kirthar ‘Zone-B’ Limestone Formation was drilled. Production from the field started in 1967. In 1983, M/s Esso Eastern transferred its entire share to Fauji Foundation, which set up a public limited company for the purpose of acquiring the assets and liabilities of the Project. In 2001, the Company expanded its operations and entered into exploration business. The Company is now a major player in the Country’s oil and gas exploration and production sector operating eleven exploration and production assets (two D&P leases and nine operated blocks) and has partnership with leading national and international E&P companies in six non-operated blocks. To reflect its diversified business operations and expanded activities, the name of the Company was changed from “Mari Gas Company Limited” to “Mari Petroleum Company Limited” (MPCL) in November 2012.

Read More

Board of directors meeting of TRG Pakistan Limited

October 3, 2018 |

Karachi, TRG Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 10, 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 October 03, 2018 to October 10, 2018. The Resource Group Pakistan Limited is engaged in managing and maintaining the telephone answering services, call centers, business process outsourcing services and information technology related services in Pakistan. The group operates internationally in various different countries including North America, Africa and Europe. The registered office of the business is located in Karachi. TRG operates in the business process outsourcing sector. The company has acquired more than twenty four companies in the last decade which develops a global structure for the organization. The symbol “TRG” is being used by the stock exchanges for the shares of The Resource Group Pakistan Limited.

Read More

Board of directors meeting of Pakistan Cables Limited

October 3, 2018 |

Karachi, Pakistan Cables Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 24, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2018. Further, the company has declared the closed period from October 17, 2018 to October 24, 2018. Pakistan Cables Limited was incorporated in Pakistan as a private limited company on April 22, 1953. In 1955 it was converted into a public limited company. The foundations of the company are based on the Companies Ordinance, 1984. The products of the company include cables and wires, aluminum sections/ profiles, copper rod and PVC compound. In 1955 the stocks of the company were quoted on the Karachi Stock Exchange. The registered office of the company is located in Karachi. Pakistan Cables is part of the Chinoy Group of Companies, which includes International Industries and International Steels Limited, as well as other interests in diverse businesses. The company is ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certified and is the only cable manufacturer in Pakistan to have its cables type tested by the KEMA Laboratory in Netherlands. Pakistan Cables is an affiliate of General Cable, which has a global presence with 57 plants in 26 countries including the US, Canada, France, Germany, Spain, Brazil, China, Thailand, South Africa, and the Philippines. The affiliation with General Cable gives Pakistan Cables several advantages over its competitors, including the ability to source almost any type of cable for customers, access to cutting edge technology, technical support & management best practices, procurement advantages and export opportunities. The symbol “PCAL” is being used by the stock exchanges for the shares of Pakistan Cables Limited.

Read More

Board of directors meeting of Ali Asghar Textile Mills Limited

October 3, 2018 |

Karachi, Ali Asghar Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 08, 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 October 03, 2018 to October 08, 2018. Ali Asghar Textile Mills Limited is a company incorporated in Pakistan. It is a public limited company under the Companies Ordinance, 1984. The company is engaged in the business of manufacturing and selling yarn. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The products manufactured by the company include compact yarn, polyester yarn and viscose yarn. The symbol “AATM” is being used by the stock exchange for the shares of Ali Asghar Textile Mills Limited.

Read More

Board Meeting of Saudi Pak Leasing Company Limited

October 3, 2018 |

Karachi, Saudi Pak Leasing Company Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the company will be held on October 09, 2018 at Islamabad to consider the operational and other matters of the Company. The requirement for notice to be served seven days notice prior to the meeting has been waived by the directors in accordance with the regulation 35(vi) of the code of corporate Governance, 2012, due to the emergent nature of the matters. Saudi Pak Leasing Company Limited was incorporated in January 1991. In October 1997, Saudi Pak Industrial & Agricultural Investment Company acquired the entire 30% shareholding of Standard Chartered Bank. SAPICO is the second largest of the three investment companies set up by the Government of Pakistan as joint venture with other sovereigns. The Saudi Arabian government holds 50% equity stake in SAPICO with the other 50% held by Pakistan. The Company has a seven member board of which three, including the CEO, represent SAPICO, two, the Piracha Group, and one each, the Premier Mercantile Services and NIT. SPLC is one of the largest leasing companies in Pakistan in terms of asset size. The registered office of the company is located in Karachi. The company is listed on all the three stock exchanges in Pakistan which are namely Karachi, Lahore and Islamabad stock exchanges. SPLCs main activity is writing full payout financial leases for establishing corporate entities. The preferred assets for leasing are machinery, computers, vehicles etc. The focus of the company is on the blue chip segment, which includes multinational companies and established local companies such as small and medium sector enterprise. The products of the company are for sole proprietorship, partnership concerns or even private limited companies. Its financial services are offered in various categories such as business and office equipment, manufacturing machinery, heavy machinery, medical equipment, automobiles and generators. The symbol “SPLC” is being used by the stock exchange for the shares of Saudi Pak Leasing Company Limited.

Read More

Board of directors meeting of Data Agro Limited

October 3, 2018 |

Karachi, Data Agro Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 05, 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 September 28, 2018 to October 04, 2018. The company was formed in 1992 as a private limited company and was changed to a public limited company later on. To start with, the main business of the company was to produce and market delinted cotton seed. Later on it was decided to include other crops like wheat, paddy, oilseeds, and pulses in the product line. It took about two years for the erection of the cotton seed delinting plant, and the company started its business in 1994. At present, the company does not owe anything to the banks and does not have any liabilities. From the year 2000, the company decided to enter into the business of value added products like hybrid corn, hybrid forages, sunflower, and vegetable crops. At present, the company has established a good research and development program of hybrid corn for grain and silage, and sorghum-sudangrass hybrids. Data Agro is testing 2000 to 3000 combinations of corn each year and releasing hybrids for different market segments of Pakistan. The symbol “DAAG” is being used by the stock exchanges for the Data Agro Limited.

Read More

“Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene products across 1 million rural households, backed by the UK Government”

October 3, 2018 |

Karachi, October 03, 2018 (PPI-OT): One million rural households will receive quality health and hygiene products, as Project Hope scales…

Read More

Junaid Makda urges FIA to refrain from harassing businessmen

October 3, 2018 | General Business News

Karachi, October 03, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda, while expressing deep concerns…

Read More

Hubco announces equity injection by CMEC in its indigenous coal project

October 3, 2018 | General Business News

Karachi, October 03, 2018 (PPI-OT): Pakistan’s largest Independent Power Producer, The Hub Power Company Limited, has announced a capital investment…

Read More