2018 October 10 : AsiaNet-Pakistan

Archive for October 10th, 2018

Board of directors meeting of Cyan Limited

October 10, 2018 |

Karachi, Cyan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 18, 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 11, 2018 to October 18, 2018. Cyan Limited is a public limited company incorporated in Pakistan on April 23, 1960. The foundations of the company are laid under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a subsidiary of the Dawood Group Limited. The company is engaged mainly in providing funding to Cyan Capital for its private equity investments. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The company is in the phase of restructuring the operations so that new business platforms and dimensions can be explored. On November 30, 2011 the insurance license of the company was also revoked by the Securities and Exchange Commission of Pakistan. The associate companies of Cyan Limited Include Dawood Hercules Corporation Limited, Dawood Lawrencepur Limited, Dawood Corporation Private Limited, Elixir Securities Pakistan Private Limited, Sach International Private Limited, Dawood Industries Private Limited, Patek Private Limited, Pebbles Private Limited, Inbox Technologies Private Limited, Engro Corporation Limited, ABL Assets Management Company Limited, UBL Funds Manager. The symbol “CYAN” is being used by the stock exchange for the shares of Cyan Limited.

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Board of directors meeting of Otsuka Pakistan Limited

October 10, 2018 |

Karachi, Otsuka Pakistan 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 18, 2018 to October 24, 2018. Otsuka Pakistan Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is an indirect subsidiary of Otsuka Pharmaceutical Company Limited, Japan. The principal activity of the company is manufacturing, marketing and distribution of intravenous infusions and trading in pharmaceutical products, nutritional foods and medical equipment. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi. The symbol “OTSU” is being used by the stock exchange for the shares of Otsuka Pakistan Limited.

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Board of directors meeting of National Foods Limited

October 10, 2018 |

Karachi, National Foods Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 18, 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 11, 2018 to October 18, 2018. National Foods Limited was incorporated in Pakistan on February 19, 1970 as a private limited company and began its operations as a spice company On March 30, 1988 the company was converted to a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacture and sale of convenience based food products. 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 at Karachi. The symbol “NATF” is being used by the stock exchanges for the shares of National Foods Limited.

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Board of directors meeting of International Industries Limited

October 10, 2018 |

Karachi, International Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 18, 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 12, 2018 to October 12, 2018. The International Industries Limited was established as Sultan Chinoy & Company in Pakistan in 1948. Later it was incorporated as International Industries Limited along the development process. It became a public limited company in 1984. IIL is in the business of producing of GI pipe, steel tubes and pipes, API line pipe & polyethylene line pipes globally. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The manufacturing capacity of the company is 300,000 tons of small diameter steel pipe with OD range (12.70mm – 168mm). The company has plant and storage area of 25 acres along with a power generating capacity of 4MW. The symbol “INIL” is being used by the stock exchange for the shares of International Industries Limited.

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Board of directors meeting of International Steels Limited

October 10, 2018 |

Karachi, International Steels 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 10, 2018 to October 16, 2018. International Steels Limited was incorporated on 3 September 2007 as a public unlisted company limited by the International Industries Limited. The foundations of the company are developed under the Companies Ordinance, 1984. The primary activities of the Company are business of manufacturing of cold rolled steel coils and galvanized sheets. The production capacity of the company is 250,000 tons per annum of cold rolled coils from which 150,000 tons is Hot Dipped Galvanized Steel. The commercial operations of the project initiated in January 1, 2011. 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 equity contributions of the company come from Sumitomo Corporation and International Finance Corporation which has develop the country’s engineering and hi-tech manufacturing industries. The group organizations of the company include International Steel Limited, Pakistan Cables Limited and International Industries Limited. The company has an Effluent Treatment Plant and an 18MW gas fired power plant. The power plant has started production and supplying to the KESC. The symbol “ISL” is being used by the stock exchange for the shares of International Steel Limited.

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Board of directors meeting of Bank of Khyber

October 10, 2018 |

Karachi, Bank of Khyber informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 19, 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 19, 2018. Bank of Khyber is a bank incorporated in Pakistan under the Bank of Khyber Act, 1991. It is principally engaged in the business of commercial banking and related services. The bank acquired the status of a scheduled bank in 1994. The bank operates 100 branches including 44 Islamic Banking Branches. The stocks of the company are quoted on the Karachi Stock Exchange. The registered office of the Bank is situated at Peshawar. The symbol “BOK” is being used by the stock Exchange for the shares of the Bank of Khyber.

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Board of directors meeting of Sindh Modaraba Management Limited

October 10, 2018 |

Karachi, Sindh Modaraba Management Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 17, 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 10, 2018 to October 17, 2018. Sindh Modaraba is a perpetual, multi-dimensional non-trading modaraba formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980. Sindh Modaraba is managed by Sindh Modaraba Management Ltd., a company 100% owned by Government of Sindh. The registered office of the Sindh Modaraba Management Ltd. is 1st floor, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi. The Modaraba is primarily engaged in the business of Ijarah, Musharakah and Murabahah financing, Investment in marketable securities and other related businesses. The symbol “SINDM” is being used by the stock exchange for Sindh Modaraba Managment Limited.

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Board of directors meeting of Indus Motor Company Limited

October 10, 2018 |

Karachi, Indus Motor Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 26, 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 10, 2018 to October 26, 2018. Indus Motor Company Limited is a public limited company incorporated in 1989 in Pakistan. The commercial production by the company started in May 1993. The company operates as a joint venture between the House of Habib, Toyota Motor Corporation and Toyota Tsusho Corporation of Japan. The operations of the company include assembling, manufacturing and marketing of Toyota and Daihatsu brand automobiles for domestic consumption. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The manufacturing facility is located in Port Qasim, Karachi. The registered office of the company is also located in Karachi. The stocks of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The product is delivered nationwide through a strong network of 37 independent dealership spread across Pakistan. The workforce employed by the organization is more than 2000 workers. The production system of the company is built on application of Just-In-Time and Jidoka. The symbol “INDU” is being used by the stock exchange for the shares of Indus Motor Company Limited.

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Board of directors meeting of Askari General Insurance Company Limited

October 10, 2018 |

Karachi, Askari General Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 22, 2018 at Rawalpindi. 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 15, 2018 to October 22, 2018. Askari General Insurance Company Limited is a company incorporated in Pakistan on April 12, 1995 as a public limited company. The commercial operations of the company commenced from October 15, 1995. The foundations of the company are laid under the fundamentals of the Companies Ordinance, 1984. The company is engaged in the business of non-life insurance business comprising of fire, marine, motor, accident, health and miscellaneous. The insurance company has around 19 branches located across Pakistan. 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 at Rawalpindi. The company is sponsored by the Army Welfare Trust which is itself engaged in the business of finance, banking and production of consumer goods and service. The company apart from traditional coverage offers specialized coverage for various engineering risks. The symbol “AGIC” is being used by the stock exchanges for the shares of Askari General Insurance Company Limited.

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IGI Securities Limited – Investor Kit

October 10, 2018 |

Karachi, October 10, 2018 (PPI-OT): Top News The International Monetary Fund (IMF) sees growth to fall at four percent during…

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IGI Securities Limited – Investor Kit

October 10, 2018 |

Karachi, October 10, 2018 (PPI-OT): Top News Deviation of the fiscal deficit from the target indicates the difficulty faced by…

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Taurus Securities Limited – Market Roundup

October 10, 2018 |

Karachi, October 10, 2018 (PPI-OT): KSE-100 index gained 607 points yesterday, to close at 38505 with 225mn shares being traded.…

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