Day: February 23, 2023

Karachi, Oil and Gas Development Company Limited informed Pakistan Stock Exchange that Mr. Ahmed Hayat Lak has been appointed as Managing Director of the Company with effect from February 23, 2023 in place of Syed Khalid Siraj Subhani.

Oil and Gas Development Company Limited (OGDCL), was incorporated on 23 October 1997. The Company was established to undertake exploration and development of oil and gas resources, including production and sale of oil and gas and related activities formerly carried on by Oil and Gas Development Corporation. The nature of business of the Company is exploration and production of Oil and Gas / Hydrocarbons.

The total number of shares are 4,300,928,400. The Earnings per shares is 23.27 in 2020 which was 27.53 in 2019. The Profit After Taxation is 100,081,671,000 in 2020 which was 118,385,788,000 in 2019.

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on March 20, 2023 at Karachi.

The agenda of the meeting will be confirming the minutes of Extraordinary General Meeting held on December 06, 2023, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from March 14, 2023 to March 20, 2023 (both days inclusive).

Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.

They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.

The symbol “BAFL” is used in respect of the shares of the Bank.

The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.

Karachi, Sazgar Engineering Works Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on March 18, 2023 at Lahore.

Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company and later converted into a Public Limited Company on the 21st of November 1994. The Company is engaged in the manufacture and sale of automobiles, automotive parts and household electric appliances.

Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. With manufacturing facilities based in Pakistan and a Global Dealer Network, Sazgar is leading the market in Pakistan and also exporting to international markets.

The total number of shares of the Company are 46,496,893. The Earnings per share is 0.96 in 2020 which was 3.04 in 2019. The Profit After Taxation is 27,634,000 in 2020 which was 81,997,000 in 2019.

Karachi, Pakistan Cables Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

Pakistan Cables Limited was incorporated in Pakistan as a private limited company on 22 April 1953 and in 1955 it was converted into a public limited company. The Company is engaged in the manufacturing of copper rods, wires, cables and conductors, aluminum extrusion profiles and PVC compounds.

The Company is listed on Pakistan Stock Exchange with the total number of Shares that are 35,577,970. The Earnings per shares of the Company (2.58) in 2020 which was 3.56 in 2019. The Profit After Taxation in 2020 is (91,786,000) which was 126,233,000 in 2019.

Karachi, EMCO Industries Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

EMCO Industries Limited was incorporated as a Joint Stock Company in Pakistan on August 17, 1954 by the name of Electric Equipment Manufacturing Company (Private) Limited. Later, it was converted into a public company on August 20, 1983 and its name was changed to EMCO Industries Limited on September 12, 1983. The Company is principally engaged in the manufacture and sale of high / low tension electrical porcelain insulators and switchgear.

The shares of the Company are 34,999,667. The Earnings per shares of the Company is 3.37 in 2020 which was 4.13 in 2019. Their Profit after Taxation is 117,899,000 in 2020 which was 144,539,000 in 2019.

Karachi, Trust Modaraba informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

Trust Modaraba was formed in Pakistan and managed by Al-Zamin Modaraba Management (Private) Limited (AZMML). The Modaraba commenced its business operations on November 12, 1991. It is listed on Pakistan Stock Exchange. The Modaraba is perpetual, multi-purpose and multi-dimensional, engaged in the business of Murabaha, Musharakah and Ijarah financing, investment in marketable securities, trading and other permissible businesses.

The total number of shares are 29,800,000. The Earnings per share is 0.06 in 2020 which was 0.03 in 2019. The Profit after Taxation is 1,732,000 in 2020 which was 1,037,000 in 2019.