Day: August 9, 2021

Posted on

Expereo announces the grand opening of their new Center of Excellence in Dubai

Dubai Office – Raed and Irwin

Irwin Fouwels, Expereo CEO, and Raed Rached, Managing Director for Expereo Middle East.

DUBAI, United Arab Emirates, Aug. 09, 2021 (GLOBE NEWSWIRE) — Expereo, the leading global provider of managed Internet, SD-WAN, SASE, and Cloud Access solutions, announces the opening of their brand new state of the art 10,000 sq. ft Customer Support Excellence Center in Dubai, UAE.

The Center represents Expereo’s latest expansion of their presence in the UAE, complementing their global Customer Support presence in the Philippines and Buenos Aires, supported by expert Network Engineering Centers in the Netherlands, France, and USA. The latest UAE Center will house more than 100 talented experts from 18 different nationalities speaking 32 languages, ensuring a truly global customer experience and quality of service across Expereo’s global Internet and cloud access supplier base.

Boasting state-of-the-art IT infrastructure, Expereo’s latest Customer Support Excellence Center will operate fully cloud native with multilayered security controls. Expereo’s environmental and social responsibility program has been a key driver in the planning and design. Decommissioned technology and legacy IT equipment will be donated to educational institutions within the developing world. The new Center is designed to minimize energy consumption, eliminate single-use plastics, and improve employee well-being with state-of-the-art facilities and air quality management.

Commenting on Expereo’s latest growth in global presence, Irwin Fouwels, CEO says:

“As we grow our suite of cloud fabric connectivity solutions and global enterprises accelerate the transformation to internet-based networking, we are committed to providing world class and truly global support capabilities; from initial architecture design, to deployment and support. To do so we attract the best talent, and do so at scale. Over the last 18 months, we have adopted working-from-home policies balancing employee-wellness, customer experience and productivity. The addition of our new state-of-the-art UAE facilities will allow us to do so at scale, delivering on our ambition to provide an unrivaled customer experience.”

Raed Rached, Managing Director for Expereo Middle East says:

“The new Center of Excellence will harness talent in pursuit of maintaining our customers’ mission-critical infrastructure and cloud applications. This follows Expereo’s strategy to empower, adopt, monetize and rapidly accelerate our customers’ transition to a cloud-based ecosystem. The new center provides our customers with the ability to utilize next-generation connectivity and offers them unrivaled capabilities to prepare them for tomorrow’s challenges. I am deeply proud of the experts who have enabled Expereo to reshape and evolve the telco industry by positioning the customer experience at the heart of everything that we do.”

About Expereo
Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD-WAN, SASE and Cloud Acceleration services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business’ productivity with flexible and optimal Internet performance.

www.expereo.com
Twitter | LinkedIn

© Expereo 2021

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6d1c2d83-3b9b-47b8-a814-46cd05570a46

Contact:
Conor McGee
conor@grammatikagency.com

Posted on

Material Information of Hi-Tech Lubricants Limited

Karachi, Hi-Tech Lubricants Limited informed Pakistan Stock Exchange that the Oil and Gas Regulatory Authority (OGRA) has acknowledged the satisfactory completion of the Company’s second Oil Storage Facility situated at Nowshera, KPK to be in compliance with the application standards. The OGRA has based its acknowledgement on its third party Inspection Report which concluded that the Company’s oil storage Facility at Nowshera-KPK meets the mandatory requirements of Regulations/Technical Standards for the Petroleum Industry (Depots for the Storage of Petroleum Products) S.R.O. 624(1)2009 as well as license by Department of Explosives.

Hi-Tec Lubricants is ISO 9001:2008 Certified Company. Hi-Tec Lubricants is a part of the MAS group of companies and has been marketing lubricants in Pakistan for the last 20 years. They have been hitherto focusing marketing efforts mainly in the retail markets and our performance in industrial sector has been satisfactory and their products are available in more than seventy-two stations in Pakistan through their network of distributors.

The lubricants they are marketing in Pakistan are manufactured by the world renowned M/s SK Corporation, South Korea. SK has the single largest Petrochemical Chemical Complex in the world, having the state art upstream and downstream manufacturing facilities. SK facilities and its products have the required ISO approval i.e. ISO 9002 and the coveted Environment Management System ISO 14001.

In the Lubricant Sector, SK enjoys an enviable position as it is the single largest producer for VHVI Base Oil. This base is used for SK producing Lubricants and is also exported to leading multinational lubricant blenders.

The symbol “HTL” is being used by the stock exchanges for the shares of Hi-Tech Lubricant Limited.

Posted on

Material Information of Khalid Siraj Textile Mills Limited

Karachi, Khalid Siraj Textile Mills Limited informed Pakistan Stock Exchange that pursuant to the authority of the special resolution passed by the shareholders in the extraordinary general meeting held on April 30, 2021, the Company has been lease out M/s ASM Industries (Private) Limited for three years on rental amount Rs. 2.20 Million per month, of which was 75% of rental amount will be deducted by licensee against initial investment incurred by the licensee to restore the machinery of unit into operations.

Khalid Siraj Textile Mills Limited is one of the Textile Products in Lahore, Punjab. Production Capacity is 29, 80,277 Kgs Converted Into 30/S Cotton Yarn and the Mill Installed has 17,280 Spindles.

The symbol “KSTM” is being used by the stock exchanges for the shares of Khalid Siraj Textile Mills Limited.

Posted on

Daily Distribution of Lakson Investments Limited

Karachi, Lakson Investments Limited informed Pakistan Stock Exchange that the Chief Executive Officer of the Company of the Lakson Money Market Fund (hereinafter collectively called as Funds) under the authority of the Board of Directors has approved the interim distribution for the period ended August 06, 2021.

Lakson Investments Limited, the investment management arm of The Lakson Group, is licensed by the Securities & Exchange Commission of Pakistan to provide asset management and investment advisory services under the Non-Banking Finance Companies Rules, 2003 and Notified Entities Regulations, 2008.

Lakson Investments currently manages six unique open end mutual funds. The Lakson Money Market Fund (LMMF) is designed for those with a short term investment horizon, the Lakson Income Fund (LIF) caters to those with an intermediate investment horizon and the Lakson Equity Fund (LEF) provides diversified exposure to domestic stocks.

Posted on

Transaction of 100 shares of Colgate Palmolive Pakistan Limited

Karachi, Colgate Palmolive Pakistan informed Pakistan Stock Exchange about transaction of shares of the company. 100 shares @ Rs. 2,898,97 per share were sold in the market on August 06, 2021 through CDC.

The Company is incorporated in 1977 as a Public Limited Company with the name of National Detergents Limited. The name of the Company was changed to Colgate-Palmolive (Pakistan) Limited on March 28, 1990 when the Company entered into a Participation Agreement with Colgate-Palmolive Company, USA. The Company is mainly engaged in the manufacture and sale of detergents, personal care and other related products

The Shares of the Company are quoted on Pakistan Stock Exchange Limited and the symbol “COLG” is being used for the shares of the Company.

The total shares of the Company introduced are 63,300,512. The Earnings per share has increased in 2020 and is 84.54 which was 61.01 in 2019. Their Profit after Taxation is 4,864,816,000 in 2020 which was 3,510,803,000 in 2019.

Posted on

Transmission of Quarterly Report for the Period Ended June 30, 2021 of Adam Sugar Mills Limited

Karachi, Adam Sugar Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended June 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Adam Sugar Mills Limited was incorporated in Pakistan on 1965. The name of the company was Bahawalnagar Sugar Mills Limited, but as a public limited company, in 1985, the name of the company was changed to Adam Sugar Mills Limited. The Shares of the company are now quoted in Pakistan Stock Exchange, and “ADAMS” symbol is being used for the shares of the company.

Adam Sugar Mills Limited is engaged in the manufacturing and sale of Sugar, part of Candy manufacturing industry.

The total number of shares the company has issued are 17,291,008. Earnings per shares in 2020 has increased up to 18.42 whereas it was (14.69) in 2019. The Profit after tax recorded in 2020 is 318,557,000 which was (254,059,000) in 2019.

Posted on

Resignation of Director of Agha Steel Industries Limited

Karachi, Agha Steel Industries Limited informed Pakistan Stock Exchange that Mr. Saleem Parekh (Non –Executive Director) of the Company has resigned from the position of Director on the Board with effect from August 07, 2021.

Agha Steel Industries Limited (ASIL) is the fully automatic leading Steel Re-Rolling Manufacturing Company in Pakistan with an annual capacity of 240,000 Metric Ton per annum. ASIL represents one of the largest private sector investments in the steel industry of Pakistan. ASIL is the fastest growing steel manufacturers of Pakistan, which prides in its focus on continuously improving the quality of its products. ASIL is Pakistan’s first completely automatic Rolling Mill with 17 Strand, having a capacity to make Re-Bars ranging from 8mm to 40mm at the maximum speed of 18 m/s, thus leading Pakistan into a new era of steel-making.

ASIL’s state of the Art 45 Tons Furnace with Tap to Tap Time is 48 Minutes. Addition of most modern technologies such as Catfis, EBT Eye, EBT Sand the furnace performance has enhanced to an extent where we have been able to increase our capacity 2.5 times of our previously installed furnace.

The Company is pioneer in introducing the TMT technology in the country, in conjunction with fully automated rolling mill. This has enabled the Company to produce high quality rebars having accuracy in terms of length and grade for meeting the customer’s needs. Pioneer of ASTM A706 Deformed Grade 60-Pakistan’s first Earthquake Resistance rebar.

Posted on

Rebalancing of National Bank of Pakistan

Karachi, National Bank of Pakistan informed Pakistan Stock Exchange that the rebalancing activity of NBPGETF has been concluded. Accordingly, dissemination iNAV may be resumed from August 09, 2021.

National Bank of Pakistan was incorporated in Pakistan. The Bank is engaged in providing commercial banking and related services in Pakistan and Overseas. The Bank also handles treasury transactions for the Government of Pakistan (GoP) as an agent to the State Bank of Pakistan.

The total number of shares of the Company are 2,127,512,862. The Earnings per share of the Company is 14.36 in 2020 which was 7.43 in 2019. The Profit after Taxation is 30,558,919,000 in 2020 which was 15,809,811,000 in 2019.

Posted on

Financial results of Meezan Bank Limited for Year ended June 30, 2021

Karachi, Meezan Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 09, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 8,512,447.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The Bank was granted a ‘Scheduled Islamic Commercial Bank license on January 31, 2000 and formally commenced operations as a Scheduled Islamic Commercial Bank with effect from March 20, 2002. It is engaged in corporate, commercial, consumer, investment and retail banking activities.

The total number of shares are 1,414,722,747. The Earnings per shares of the Company is 15.67 in 2020 which was 10.77 in 20190. The Profit after Taxation of the Company is 22,165,606,000 in 2020 which was 15,232,074,000 in 2019.

Posted on

Financial Results of Lucky Cement Limited for Year ended June 30, 2021

Karachi, Lucky Cement Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Karachi on August 07, 2021.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for year ended June 30, 2021 which portrayed a profit of Rs. 14,070,189 and Rs. 28,228,924 with earnings loss per share 43.51 and 70.69 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 14, 2021 to September 28, 2021 (both days inclusive).

“Lucky Cement Limited was incorporated in Pakistan on September 18, 1993 under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and marketing of cement. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company has also issued Global Depository Receipts which are listed and traded on the Professional Securities Market of the London Stock Exchange. The registered office of the Company is located at Khyber Pakhtunkhwa. The company has two production facilities in Khyber Pakhtunkhwa and at Karachi.

The production capacity of the company is approximately 7.75 million tons per annum. The company exports sizeable quantities of loose cement and has its own loading and storage terminal at Karachi Port. The company is ISO 9001:2008 and 14001:2004 certified. It also possesses many other international certifications including Bureau of Indian Standards, Sri Lankan Standard Institute, Standards Organization of Nigeria, Kenya Bureau of Standards and South African Bureau of Standards.

The symbol “LUCK” is being used by the stock exchanges for the shares of Lucky Cement Limited.”

Posted on

Financial Results of United Bank Limited for Quarter ended June 30, 2021

Karachi, United Bank Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Karachi on August 06, 2021.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 7,592,630 and Rs. 7,459,475 with earnings per share 6.20 and 6.04 basic and diluted respectively.

Further, 40% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from August 28, 2021 to September 03, 2021 (both days inclusive).

“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.”

Posted on

Board of directors meeting of Pakistan Refinery Limited

Karachi, Pakistan Refinery Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 16, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 10, 2021 to August 16, 2021.

Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May 1960. The company is engaged in the production and sale of petroleum products.