2018 October 09 : AsiaNet-Pakistan

Archive for October 9th, 2018

Cross Ocean Partners Closes its First US Special Situations Fund at $605 Million; Total Capital Commitments Across the Strategy Grow to $885 Million

October 9, 2018 | Press Release

GREENWICH, Conn., Oct. 09, 2018 (GLOBE NEWSWIRE) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean USSS Fund I (A), its US Special Situations (“USSS”) credit fund, on June 29, 2018.  The fund closed with total aggregate committed capital of c. $605 million, which brings aggregate capital […]

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Cross Ocean Partners Closes its First Aviation Fund at $438 Million

October 9, 2018 | Press Release

GREENWICH, Conn., Oct. 09, 2018 (GLOBE NEWSWIRE) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean Aviation Fund I on August 20, 2018, with total aggregate committed capital of c. $438 million. The Aviation Fund attracted a diverse investor base which includes private pension plans, insurance companies, […]

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Board of directors meeting of Punjab Oil Mills Limited

October 9, 2018 | Board Meetings

Karachi, Punjab Oil Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 16, 2018 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended September 30, 2018. Further, the company has declared the closed period from October 10, 2018 to October 16, 2018. Punjab Oil Mills Limited is incorporated in Pakistan as a Public Limited Company on February 5, 1981. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and sale of ghee, cooking oil, specialty fats and laundry soap. 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 quality standards of the company are ISO 9001:2008 & HACCP certified. As a result the Zaiqa and CanOlive brands enjoy a valuable brand franchise. The company is also engaged in making a line of laundry soap products marketed under the brand name of Raja. The symbol “POML” is being used by the stock exchanges for the shares of Punjab Oil Mills Limited.

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Board of directors meeting of Pakistan Paper Products Limited

October 9, 2018 | Board Meetings

Karachi, Pakistan Paper Products Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 29, 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 19, 2018 to October 29, 2018. Pakistan Paper Products Limited is a company incorporated in Pakistan on July, 1962 as a private limited company. It later converted into public limited company and the foundations are laid under the Companies Ordinance, 1984. The principal activity of the company is production and sale of sensitized papers, pro-labels and exercise books. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is situated at Karachi. The symbol “PPP” is being used by the stock exchange for the shares of Pakistan Paper Products Limited.

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Board of directors meeting of United Bank Limited

October 9, 2018 | Board Meetings

Karachi, United Bank 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. United Bank Limited is incorporated in Pakistan and is engaged in the business of commercial banking and other related services. The foundations of the bank are developed under the Banking Companies Ordinance, 1962. The bank is responsible for accepting the deposits of money on current accounts and withdrawal by cheque, draft or order. The registered office of the bank is located at Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The global depository receipts of the bank are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market. The subsidiaries are located in Switzerland, UK and Tanzania. United Bank AG Zurich, UBL Funds Managers and United Executors and Trustees Company Limited are also the subsidiaries of the bank. The associate companies include UBL Insurers Limited and Oman United Exchange Company LLC. The products of the bank are UBL Click N Bank, UBL Tezraftaar, UBL Click N Remit, UBL Tezraftaar Account Services, NRP Direct and UBL Tezraftaar Pardes Card for the customers. The bank is also provides global remittance facilities to its customers. The symbol “UBL” is being used by the stock exchanges for the shares of United Bank Limited.

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Board of directors meeting of Awwal Modaraba Management Limited

October 9, 2018 | Board Meetings

Karachi, Awwal Modaraba Management 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 09, 2018 to October 16, 2018. Awwal Modaraba Management Limited (AMML) is licensed by the Registrar of Modarabas, Securities and Exchange Commission of Pakistan to float and manage multipurpose Modaraba Funds. The Company was incorporated on June 5, 2014 with an authorized and paid-up capital of PKR 300 million and PKR 105 million, respectively, as a wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”). The establishment of a Modaraba Management Company (MMC) is expected to translate into significant financial benefits for its shareholders and investors in the Modaraba funds. The symbol “AWWAL” is being used by the stock exchange for the Awwal Modaraba Management Limited.

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Board of directors meeting of Habib-ADM Limited

October 9, 2018 | Board Meetings

Karachi, Habib-ADM 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 09, 2018 to October 16, 2018. Habib-ADM Limited is a company incorporated in Pakistan. It produces and markets a wide range of rice based starch sugars, protein concentrates, and derivatives. The head office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The product range of the company include rice syrup, rice syrup 95 DE, rice syrup solid, maltrodextrins, high maltose rice syrup, soluble rice fibre, rice protein concentrate, high fructose rice syrup 42, rice sorbitol syrup and rice maltitol syrup. The starch sugars include Clarified Rice Syrups, Brown Rice Syrups, High Fructose Syrup, Rice Syrup Solids, Maltitol Syrup, Sorbitol Syrup, and Maltodextrins. All are essential ingredients for the food, confectionery, and pharmaceutical industries. The production system of the company is ISO 9001:22000 and HACCP certified. The symbol “HAL” is being used by the stock exchange for the shares of Habib-ADM Limited.

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IGI Securities Limited – Investor Kit

October 9, 2018 | General Business News

Karachi, October 09, 2018 (PPI-OT): Top News Pakistan will try to convince on Monday a nine-member visiting team of global…

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LCCI urges government to direct Ministry of Finance and State Bank of Pakistan to immediately intervene in the matter of rupee devaluation as it is bound to hit all sectors of economy hard

October 9, 2018 | General Business News

Lahore, October 09, 2018 (PPI-OT): The Lahore Chamber of Commerce and Industry has urged the government to direct Ministry of…

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Health Minister requests Federal and Provincial Education Ministers to ban sale and supply of Sugary Drinks to Educational Institutions

October 9, 2018 | Official News

Islamabad, October 09, 2018 (PPI-OT): Aamer Mehmood Kiani Federal Minister for National Health Services has requested the Federal Minister for Education and Provincial Education Ministers for KPK, Balochistan and Gilgit Baltistan to ban sale and supply of the sugary drinks…

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Deputy Chairman Senate holds key meetings on the side-lines of 3rd MSEAP

October 9, 2018 | Official News

Islamabad, October 09, 2018 (PPI-OT): Mr. Saleem Mandviwalla, Deputy Chairman Senate, who is leading a Parliamentary delegation consisting of Senators Mohsin Aziz, Khush Bakht Shujat, Naseebullah Bazai, and Members National Assembly Junaid Akbar and Arbab Amir Ayub to the 3rd…

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Poll bound areas to observe shutdown tomorrow

October 9, 2018 | Official News

Srinagar, October 09, 2018 (PPI-OT): In occupied Kashmir, complete shutdown will be observed in the areas scheduled to go for second phase of local bodies’ election drama, tomorrow. Call for the strike has been given by the Joint Resistance Leadership…

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