2018 October 12 : AsiaNet-Pakistan

Archive for October 12th, 2018

Board of directors meeting of MCB-Arif Habib Savings and Investments Limited

October 12, 2018 |

Karachi, MCB-Arif Habib Savings and Investments Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 22, 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 15, 2018 to October 22, 2018. MCB-Arif Habib Savings and Investments Limited is an Asset Management, Investment Advisory and Pension Fund Management Company, managing Open-end Mutual Fund and Pension Funds. The Company is registered with the Securities & Exchange Commission of Pakistan (SECP) and regulated under the Non-Banking Finance Companies (Establishment and Regulation) Rules, 2003, NBFC and Notified Entities Regulations 2008 and Voluntary Pension System Rules 2005. MCBAH is a member of the Mutual Funds Association of Pakistan (MUFAP). MCB-Arif Habib Savings and Investments Limited manages over Rs.64.7 billion as on March 31st, 2016. It has 14 Mutual Funds, 2 Voluntary Pension schemes and different Investments Plans in its product portfolio to meet the investment needs of its growing clientele. The Company was conceived in the year 2000 and, in March 2002, two of its flagship Funds, the MCB Pakistan Stock Market Fund (MCB-PSM) (Formerly: Pakistan Stock Market Fund PSM) and the Pakistan Income Fund (PIF) were launched. The symbol “MCBAH” is being used by the stock exchanges for the shares of MCB-Arif Habib Savings and Investments Limited.

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Board of directors meeting of Packages Limited

October 12, 2018 |

Karachi, Packages Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 24, 2018 at Lahore. 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 16, 2018 to October 24, 2018. Packages Limited is a public limited company incorporated in Pakistan. The company is principally engaged in the manufacture and sale of paper, paperboard, packaging materials and tissue 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 in Karachi. On September 17, 2012 the company has entered into a 50/50 joint venture with the ‘Stora Enso OYJ Group’ of Finland in its 100% wholly owned subsidiary Bulleh Shah Packaging Private Limited. The Joint Venture will include Paper & Paperboard and Corrugated business operations at Kasur and Karachi and will involve initial equity participation of Stora Enso of 35% by way of subscription of right shares with a commitment to increase the shareholding to 50% at a later stage subject to certain conditions being met. The company also decided to close down its Paper and Paperboard operations in Lahore which has divided the business into continuing and discontinued operations. The symbol “PKGS” is being used by the stock exchanges for the shares of Packages Limited.

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Board of directors meeting of Abbott Laboratories Limited

October 12, 2018 |

Karachi, Abbott Laboratories Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 19, 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 19, 2018. Abbott Laboratories Limited is a public limited company. It was incorporated in Pakistan on July 2, 1948. Abbott started operations in Pakistan as a marketing affiliate in 1948. The company is engaged in the manufacturing, importing and marketing of research based pharmaceutical, nutritional, diagnostic, diabetic care, molecular devices, and hospital and consumer products. The company also provides toll manufacturing services. 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. Abbott Pakistan is part of the global healthcare corporation of Abbott Laboratories, Chicago, USA. It has over 70,000 employees worldwide and a global presence in more than 130 countries. It has a work force of over 1500 employees. Besides this the company has two manufacturing facilities located at Landhi and Korangi in Karachi. The symbol “ABOT” is being used by the stock exchanges for the shares of Abbott Laboratories Limited.

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Board of directors meeting of Lotte Chemical Pakistan Limited

October 12, 2018 |

Karachi, Lotte Chemical Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 19, 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 19, 2018. Lotte Chemical Pakistan Limited formerly Lotte Pakistan PTA Limited is incorporated in Pakistan. The company is engaged in the manufacture and sale of Pure Terephthalic Acid an essential raw material used in the polyester industry. The company is also engaged in manufacturing Polyester Staple Fibre, Filament Yarn and PET resin. The production capacity of the plant is around 500,000 tons per annum. It is a subsidiary of Lotte Chemical Corporation and the ultimate parent company is South Korean conglomerate Lotte. The shares 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 “LOTCHEM” is being used by the stock exchanges for the shares of Lotte Chemicals Pakistan Limited.

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Board of directors meeting of Pakistan Refinery Limited

October 12, 2018 |

Karachi, Pakistan Refinery Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 19, 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 12, 2018 to October 19, 2018. Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May, 1960. The foundations of the company are based on the Companies Ordinance, 1984. The company is engaged in the production and sale of petroleum products the domestic market and Pakistan defense forces. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated in Karachi. The refinery is operating at two locations. Main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Keamari. The design capacity of the refinery is 2.1 million tons per annum. The company is a hydro skimming refinery designed to process various imported and local crude oil to meet the strategic and domestic fuel requirements of the country. The refinery has a capacity of processing 47,000 barrels per day of crude oil into a variety of distilled petroleum products such as furnace oil, high speed diesel, kerosene oil, jet fuel and motor gasoline etc. The symbol “PRL” is being used by the stock exchanges for the shares of Pakistan Refinery Limited.

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JCR-VIS upgrades NPO Governance Rating of The Citizens Foundation

October 12, 2018 |

Karachi, October 12, 2018 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded Non-Profit Organization Governance Rating of The Citizens…

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KCCI concerned over DPP’s unnecessary hindrances in commodities’ imports

October 12, 2018 | General Business News

Karachi, October 12, 2018 (PPI-OT): President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda has expressed deep concern…

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President of Lahore Chamber of Commerce and Industry urges business community to take corrective measures to face challenging circumstances

October 12, 2018 | General Business News

Lahore, October 12, 2018 (PPI-OT): President of the Lahore Chamber of Commerce and Industry Almas Hyder has urged the business…

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Message of United Nations’ Secretary General on International Day of Rural Women 15 October 2018

October 12, 2018 | General, Official News

Islamabad, October 12, 2018 (PPI-OT): The empowerment of rural women and girls is essential to building a prosperous, equitable and peaceful future for all on a healthy planet. It is needed for achieving gender equality, ensuring decent work for all,…

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Message of United Nations’ Secretary General on International Disaster Reduction Day 13 October 2018

October 12, 2018 | General, Official News

Islamabad, October 12, 2018 (PPI-OT): This year’s International Day for Disaster Reduction falls shortly after a devastating earthquake and tsunami in Indonesia, [and] showed yet again the urgency of resilience and risk-awareness. Disasters have a steep human cost. Millions of…

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Hammad assures support to marble industry

October 12, 2018 | General, Official News

Islamabad, October 12, 2018 (PPI-OT): A delegation of the office-bearers and members of the All Pakistan Marble Association met Minister of State for Revenue Hammad Azhar here at FBR House and briefed him on the issues and problems facing the…

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Pakistan Tax Bar assures Hammad full support in enhancing revenue collection

October 12, 2018 | General, Official News

Islamabad, October 12, 2018 (PPI-OT): A delegation of the office-bearers and members of the Pakistan Tax Bar Association met Minister of State for Revenue Hammad Azhar here at FBR House to ensure him full support in FBR’s efforts for enhancing…

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