Category: Board Meetings

Karachi, Fauji Fertilizer Bin Qasim Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on January 27, 2023 at Islamabad. The agenda of the meeting shall be consideration of Annual accounts for the period ended December 31, 2022.

Further, the closed period of the company shall be from January 20, 2023 to January 27, 2023 (both days inclusive).

“Fauji Fertilizer Bin Qasim Limited is a public limited company incorporated in Pakistan. The foundation of the company is laid under the Companies Ordinance, 1984. The principal objective of the company is manufacturing, purchasing and marketing of fertilizers. The company commenced its commercial production effective January 1, 2000. The company is a subsidiary of Fauji Fertilizer Company Limited with shareholding of 50.88%. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Rawalpindi.

The plant is a Granular Urea and Di-Ammonium Phosphate fertilizers manufacturing complex, built at a cost of US$ 468 Million and located in Eastern Zone of Bin Qasim, Karachi, with Head Office at Rawalpindi. The plant is ISO certified with memberships of industry association and trade bodies i.e. Rawalpindi Chamber of Commerce and International Fertilizer Association.

The symbol “FFBL” is being used by the stock exchanges for the shares of Fauji Fertilizer Bin Qasim Limited.”

Karachi, Hafiz Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on February 24, 2023 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended December 31, 2022.

Further, the closed period of the company shall be from February 22, 2023 to February 28, 2023 (both days inclusive).

Hafiz Limited are Manufacturers and Exporters of all sort of textiles, a composite unit with sister branches established since 1936 in Mumbai, re-established in 1947 Karachi and expanded its operation from Textiles to Jute Mills in the year 1956 in Dhaka-Chittagong.

Karachi, Premium Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 17, 2023 at Karachi to consider the appointment of two directors in place of retiring ones. The meeting will include discussion on reconstitution of the board Committees in addition to reconstitutions of the board.

“Premium Textile Mills Limited is a company incorporated in Pakistan as a Public Limited Company in 1987. The foundation of the company is laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of cotton and polyester yarn. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The symbol “PRET” is being used by the stock exchange for the shares of Premium Textile Mills Limited.”

Karachi, Data Textiles Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 20, 2023 at Lahore to consider the Annual Accounts for the period ended June 30, 2022 for declaration of any entitlement.

Data Textiles started commercial operations in October 1991.The main activity of the company is manufacturing and sale of yarn. The total numbers of shares are 9,909,600. The Earnings per share is (0.03) in 2020 which was (0.03) in 2019. The Company had a loss of Rs. 2,541,000 in 2020 which was 2,530,000 in 2019.

Karachi, Tandlianwala Sugar Mills Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company be held on January 06, 2023 at Karachi to consider First Quarter Accounts for the period ended September 30, 2022 is in progress.

The Company was incorporated in Pakistan on November 01, 1988 as a public limited company. The principal activity of the Company is production and sale of white crystalline sugar and ethanol.

TSML produces sugar, ethanol and carbon dioxide and produced its first refined sugar in 1992 and have expanded frequently since then. The Sugar operation of the company is began with their mill at Kanjwani, in Punjab’s Faisalabad District. TSML is also Pakistan’s ethanol producer, manufacturing both ENA and REN grades.

The total numbers of shares are 117,706,300. The Earnings per share is (2.39) in 2020 which was 12.30 in 2019. The Profit after Taxation is (281,725,000) which were 1,448,317,000 in 2019.

Karachi, Al-Abid Silk Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 09, 2023 at Karachi to consider, to approve matters other than financial results.

Further, the company has declared the closed period from January 07, 2023 to January 09, 2023.

Al-Abid Silk Mills Limited was incorporated in 196, and engaged in manufacturing and processing of various kinds of fabrics. They export printed and dyed cloths, bed sheets and other textile made ups.

Al-Abid Silk Mills Limited is capable of printing 4.5 million meters per month where dyeing capacity of 2.5 million meters per month. Al-Abid Silk Mills can also print using pigments, reactive, VATS, puff, flock, discharge & burnout print techniques in:
(20 colors upto 75″ width) (16 colors upto 126″ width)

Al-Abid also operates modem back coating and flocking plants in the country with products like black out curtains, acrylic coated and flocked fabric. All their production facilities are adapted for printing, dyeing and finishing for jersey and man-made fibers.

The company’s total number of shares issued are 13,409,550 where the Earnings Per Share in 2020 was 185.90 whereas in 2019 it was (9.39) per share. Their Profit After Tax has also increased up to 2,492,790,000 in 2020 which was (125,956,000) in 2019.

Karachi, Sui Southern Gas Company informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 05, 2023 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021 for declaration of any entitlement has been rescheduled on January 06, 2023.

Further, the company has declared the closed period from December 16, 2022 to January 06, 2023.

Sui Southern Gas Company Limited’s main activity is transmission and distribution of natural gas in Sindh and Baluchistan. The Company is also engaged in certain activities related to the gas business including the manufacturing and sale of gas meters and construction contracts for laying of pipelines.

The total number of shares are 880,916,400. The Earnings per share is (20.88) in 2019 which was (16.86) in 2018. The Company had a loss of Rs. 18,394,768,000 in 2019 which was 14,848,208,000 in 2018.

Karachi, Standard Chartered Bank Pakistan Limited informed Pakistan Stock Exchange that Mr. Adam Long has resigned as non-executive director of the Board of the Bank and Ms. Rola Abu Manneh has been appointed as non-executive Director of the Bank.

Standard Chartered Bank (Pakistan) Limited was incorporated in Pakistan on 19 July 2006 and was granted approval for commencement of banking business by State Bank of Pakistan, with effect from 30 December 2006. The ultimate holding company of the Bank is Standard Chartered Plc., incorporated in England.

The Banks serves both Retail and Corporate and Institutional Banking customers. Retail Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals. Corporate and Institutional Banking provides clients with services in trade finance, transactional banking, lending, securities services, foreign exchange, debt capital markets and corporate finance. It also offers a complete suite of Islamic banking solutions under its Standard Chartered Saadiq brand.

The Bank is listed on Pakistan Stock Exchange with the total number of shares that are 3,871,585,021. The Earnings per shares of the Company is 3.39 in 2020 which was 4.14 in 2019. The Profit after Taxation is 13,132,982,000 in 2020 which was 16,017,447,000 in 2019.

Karachi, Nimir Resins Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 09, 2023 at Lahore to consider the matters other than financial results.

Further, the company has declared the closed period from January 03, 2023 to January 09, 2023.

With over 50 years’ experience, Nimir Resins Limited (Formerly Descon Chemicals Limited) prides itself at providing its customers the best possible chemical solutions in the industry. Catering to a multitude of industrial sectors, our solutions and services provide the best value and quality that our customers deserve.

Innovation is an integral part towards, Nimir Resin’s business philosophy. Nimir Resins Limited (Formerly Descon Chemicals Limited) is a technology leader for new development in commercial and advanced application.

The symbol “NRSL” is being used by the stock exchange for the shares of Nimir Resins Limited.

Karachi, Punjab Oil Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on January 02, 2023 at Islamabad to consider the matters other than financial results.

Punjab Oil Mills was incorporated in Pakistan as a Public Limited Company. It is mainly engaged in manufacturing, and sale of Ghee, Cooking Oil, Specialty Fats, Laundry Soap, Mushroom and Coffee.

The total numbers or shares are 5,390,625. The Earnings per share is 15.62 in 2020 which was 19.92 in 2019. The Profit After Taxation of the Company is 84,178,000 in 2020 which was 107,378,000 in 2019.

Karachi, Mubarak Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 06, 2023 at Lahore to consider the matters other than financial results.

Further, the company has declared the closed period from January 04, 2023 to January 09, 2023.

The company is a publicly quoted firm based in Pakistan that is active in the textile industry. Its core business is the design, manufacture and distribution of made-up textile articles. The company is primarily involved in the production of household textile products such as bedspreads, sheets, tablecloths, linen, towels, carpets, and shower curtains, from purchased materials. The firm principally conducts its business operations within the country.

The symbol “MUBT” is being used by the stock exchange for the Mubarak Textile Mills Limited.

Karachi, Askari Life Assurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on December 29, 2022 at Karachi to consider and approve Annual Budget for the Year 2023.

Askari General Insurance Company Limited (AGICO), under the umbrella of AWT, has been operating since 1995 with a prominent standing in Pakistan’s Insurance industry. Askari Life Assurance Co. Ltd is a Public Limited Company with shares traded in Pakistan Stock Exchange (PSX).

Askari Life Assurance Company was incorporated in Pakistan on August 18, 1992 as a public limited company. The Company is engaged in life insurance business including ordinary life business and accidental and health business. Army Welfare Trust is its parent company.

The total numbers of shares are 150,172,014. The Earnings per share is (2.09) in 2020 which was (2.39) in 2019. The Company had a loss of Rs. 238,801,000 in 2020 which was 262,880,000 in 2019.