JETEX FUELS THE FUTURE WITH SUSTAINABLE AVIATION FUEL

Jetex is committed to ambitious emissions reduction goals set by The International Air Transport Association (IATA). The company is at the forefront of the shift towards a lower carbon aviation industry as it introduces biofuel at Jetex Le Bourget, Paris.

Dubai, United Arab Emirates, Aug. 23, 2021 (GLOBE NEWSWIRE) — Jetex, an award-winning global leader in executive aviation, continues to offer more ways of reducing carbon emissions of travel. The company began offering sustainable aviation fuel (SAF) produced by TotalEnergies in France, made from used cooking oil at Jetex Le Bourget, Paris, from June 2021.

SAF gives an impressive reduction of up to 90% in carbon emissions over the lifecycle of the fuel compared to traditional jet fuel it replaces and complies with RED sustainability criteria. Fueling at Jetex Le Bourget, Paris, is facilitated by a 100% electric refueling truck which further reduces carbon footprint of the operation.

“We take pride in being part of the aviation community that has yet again proven to be accountable and responsible, taking a positive step towards reducing carbon emissions. Jetex has reiterated its stance towards this goal by making it easier for customers to avail SAF at one of its FBO base at Paris Le Bourget. As a one-stop shop aviation service provider, we are pleased to be able to include SAF arrangements as part of our world-class services for customers looking to meet the challenge of carbon neutrality”, commented Sufiyan Asif, Director of Fuel at Jetex.

Progressing the development and commercial deployment of SAF is crucial to decarbonizing the aviation industry. According to IATA, more than 100 million liters of SAF will be produced in 2021. The use of SAF is a major focus for Jetex and forms part of the company’s commitment to achieving net zero carbon emissions by 2050 through a series of short, medium and long-term initiatives. It is vital for the future of aviation to continue to address climate change and Jetex remains focused on playing its part to reduce the impact on the planet.

About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook, and LinkedIn.

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Oleg Kafarov - Director of Portfolio Development & Corporate Communications
Jetex
+971 4 212 4900
teamorange@jetex.com

Material Information of Faysal Asset Management Limited

Karachi, Faysal Asset Management Limited informed Pakistan Stock Exchange that the Company has clarified that Sindh Workers’ Welfare Fund (SWWF) is not applicable on Mutual Funds and Pension Funds, accordingly the Board of Directors of Mutual Funds Association of Pakistan (MUFAP) in its meeting held on August 13, 2021 has decided to reverse the provisioning against SWWF held in the Mutual Funds and Pension Funds.

Faysal Asset Management (FAML) is an Investment Manager that delivers structured and customized professional investment solutions to its domestic and international clientele. Our endeavors are directed towards facilitating our clients with investing in multiple asset categories to diversify risk in a prudent manner, while capitalizing on the ever-shifting financial and real-economy dynamics within Pakistan as well as across international waters to generate that coveted investment alpha.

Operating out of Pakistan, Faysal Asset Management is the financial investment arm of the Faysal Group – sponsored by Islamic Investment Company of the Gulf, Ithmaar Bank of Bahrain, Dar Al-Maal Al-Islami Trust in Switzerland and Faysal Bank in Pakistan. The organization was setup in 2003 and has matured in a short span of time to command Assets under Management worth $78 million and Discretionary Funds worth $76 million.

Material Information of Crescent Star Insurance Company Limited

Karachi, Crescent Star Insurance Company Limited informed Pakistan Stock Exchange that the Company in addition to the interest claimed for Rs.225 million, has a stake amounting to PKR.354 million in Dost Steels Ltd (DSL) which according to shareholders agreement CSIL is entitled to 78 million shares of DSL , which once issued is equivalent to the sponsors holding.

According to shareholders agreement CSIL should have 60% representation on the Board of DSL. CSIL has already filed a petition in the Honorable High Court of Lahore for directions for issuance of shares as per agreement. In the Board Meeting the efforts made so far by initiating discussions with the current sponsors / management of DSL were deliberated upon which will lead to options available for approaching the Honorable Lahore High Court and / or regulator for necessary approval of the strategy for issuance of shares, against advances which will strengthen the possible revival of DSL by presenting a clearer reflection of the assets and liabilities /affairs of DSL.

This will brighten the options available for discussion with potential buyers / investors which will protect the stakeholders & creditors of the company. The Board of CSIL has decided to take bold initiatives to find a way forward to resolve the long outstanding matter keeping in view the potential available and losing opportunity considering the healthy potential available in the steel sector with the ready for production capacity available at DSL. In doing so CSIL management has assessed the valuation of DSL viz a viz asset to liability ratio on current valuation being of great interest.

Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan.

The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services.

The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.

Material Information of Tri-Pack Films Limited

Karachi, Tri-Pack Films Limited informed Pakistan Stock Exchange that the shares/dividends issued by the Company, details whereof are appearing on the Company’s website www.tripack.com.pk under “Investor Desk Stock Information” have remained unclaimed or unpaid for a period of three years (and more) from the date these have become due and payable.

Tri-Pack Films Limited is a joint venture between Mitsubishi Corporation of Japan and Packages Limited of Pakistan. The company was incorporated as a Public Limited Company on April 29, 1993. The foundations of the company are laid under the Companies Ordinance, 1984. It produces Biaxially Orientated Polypropylene Films in Pakistan. The company produces Transparent, Pearlized and Metallized films in different varieties and thickness ranging from 12 to 60 micron. 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 “TRIPF” is being used by the stock exchanges for the shares of Tri-Pack Films Limited.

Change of Address of Pakistan Synthetics Limited

Karachi, Pakistan Synthetics Limited informed Pakistan Stock Exchange that the address of the registered office/share registrar/share department/fax/telephone/e-mail/website has been changed with effect from August 21, 2021.

The Company was incorporated on 18th November 1984 as a private limited company in Pakistan, with the registered office in Karachi, Sindh and subsequently converted into a public limited company on 30th December 1987. The shares of the company are listed on Karachi, Lahore and Islamabad Stock Exchanges. The principal activity of the company is manufacturing and sale of Polyester Staple Fibre.

Subscription of Right Shares of Service Fabrics Limited

Karachi, Service Fabrics Limited informed Pakistan Stock Exchange to issuance of 1,486%, right shares @ Rs. 10 per share by the Company on July 29, 2021, and they informed that the directors and substantial shareholders of the Company have subscribed their portion of right shares amounting to Rs. 339,476,700/-

Service Fabrics Limited (SFL) is a public limited company (listed on Stock Exchanges). The company was incorporated in 1987 and is equipped with 96 Sulzer shuttleless looms, sizing from Zell and warping from Beninger. The project is situated at Manga, Lahore, with a capacity to produce nearly 20.000 million meters grey cloth per annum of various constructions. Almost entire production of the company is being exported to Far East & Europe with more than Rs. 725,000 million annual sales. In 1997, Service Fabrics was awarded a special merit trophy from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI).

The symbol “SERF” is being used by the stock exchanges for the Service Fabrics Limited.

Credit of Right Shares of Service Fabrics Limited

Karachi, Service Fabrics Limited informed Pakistan Stock Exchange that 1486%, unpaid right shares of the Company have been credited into respective accounts or sub accounts of the shareholders in Central Depository System.

Service Fabrics Limited (SFL) is a public limited company (listed on Stock Exchanges). The company was incorporated in 1987 and is equipped with 96 Sulzer shuttleless looms, sizing from Zell and warping from Beninger. The project is situated at Manga, Lahore, with a capacity to produce nearly 20.000 million meters grey cloth per annum of various constructions. Almost entire production of the company is being exported to Far East & Europe with more than Rs. 725,000 million annual sales. In 1997, Service Fabrics was awarded a special merit trophy from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI).

The symbol “SERF” is being used by the stock exchanges for the Service Fabrics Limited.

Disclosure of Price-Sensitive Information of Pakistan Stock Exchange Limited

Karachi, Pakistan Stock Exchange Limited informed Pakistan Stock Exchange that the transaction for additional investment of PKR 69,411,706/- in NCCPL by the Exchange through acquisition of 2,669,681 ordinary shares of PKR I01- each from Pakistan Kuwait Investment Company (Private) Limited (a shareholder of NCCPL) at a price of PKR 26/- per share, has been positively concluded. As a result of the above transaction, the aggregate shareholding of PSX in NCCPL has been increased to 49.71 per cent (i.e. 50,130,598 ordinary shares of PKR 10/- each).

The Exchange was incorporated in 1949 as a company Limited by Guarantee. As a result of demutualization, the Exchange stood corporatized and demutualized as a public company limited by shares under the name of ‘Karachi Stock Exchange Limited’, with effect from August 27, 2012. Subsequently, the three stock exchanges namely Karachi Stock Exchange, Lahore Stock Exchange & Islamabad Stock Exchange were integrated into Pakistan Stock Exchange Limited (PSX) on January 11, 2016.

PSX provides a reliable, orderly, liquid and efficient digitized market place where investors can buy and sell listed companies’ common stocks and other securities. For over 60 years, the Exchange has facilitated capital formation, serving a wide spectrum of participants, including individual and institutional investors, the trading community and listed companies.

Corporate Briefing Session of Khyber Tobacco Company Limited

Karachi, Khyber Tobacco Company Limited informed Pakistan Stock Exchange that Corporate Briefing Session of the Company will be held on August 31, 2021 at Mardan. All shareholders and analysts are hereby invited.

“Khyber Tobacco Company Limited is a public limited company incorporated in Pakistan on October 15, 1954. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of cigarettes and re-drying of tobacco. The products of the company are Gold Street, Classic, Hero, Chance and Virtue. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Mardan.

The company has extended its operation around the world with an established distribution network in parts of Eastern Europe, South and West Africa, Central and South Asia and the Middle East. It has internationally recognized brands and a fully integrated production facility to provide leaf and blended tobaccos.

The symbol “KTC” is being used by the stock exchanges for the shares of Khyber Tobacco Company Limited.”

Annual general meeting of Century Paper and Board Mills Limited to be held on September 23, 2021

Karachi, Century Paper and Board Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on September 23, 2021 at Karachi.

The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2021 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2021 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 September 17, 2021 to September 23, 2021 (both days inclusive).

Century Paper & Board Mills Limited was incorporated in Pakistan as a public limited company on August 2, 1984. The foundations of the company are laid under the Companies Ordinance, 1984. The Company is engaged in manufacturing and marketing of paper, board and related products. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is located at Karachi.

It is a flagship company of the Lakson Group of Companies, Pakistan. The company started commercial production in 1990 and established its name as a major producer of quality packaging boards in the country. It is indulged in packaging boards in particular and is considered as most preferred supplier to printing and packaging industry. The company serves a large clientele and maintains Strategic Business Relationships with leading Packaging and Converting units as well as end users. This includes national and multinational companies.

The symbol “CEPB” is being used by the stock exchanges for the shares of Century Paper and Board Mills Limited.

Transmission of Quarterly Report for the Period Ended June 30, 2021 of Highnoon Laboratories Limited

Karachi, Highnoon Laboratories 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.

“Highnoon Laboratories Limited was incorporated in March 1984 as a Private Limited Company in the historical and cultural city of Lahore, Pakistan. It became Public Limited Company in 1995 and the shares of the Company are listed on all the stock exchanges of Pakistan.

Right from its inception, alliance with some of the best-known research houses of the global pharmaceutical industry were forged by Highnoon. These alliances coupled with aggressive yet ethical marketing activities enabled Highnoon to become the first pharmaceutical Company of Pakistan origin to be in the top twenty league of Pakistan pharmaceutical industry.

Equally responsible for Highnoon’s success is the unshakeable consumer confidence that the Company has been able to build on the quality of its products manufactured in its ISO 9001:2008 approved facility. Highnoon is continuously re-aligning its portfolio to ensure that it is able to harness opportunities. At the same time, the Company is modernizing its plant, by investing in new equipment and technology to upgrade its manufacturing facilities to comply with ‘Current Good Manufacturing Practices (cGMP)’. Highnoon’s therapeutic focus in Cardiology, Gastroenterology, Respiratory and Diabetics has led to the development of franchises, which are now the most admired in the healthcare industry. Highnoon has since then, marched ahead introducing state of the art products and setting new trends.

The symbol “HINOON” is being used by the stock exchange for the shares of Highnoon Laboratories Limited.”

Change of Chairman of Mian Textile Industries Limited

Karachi, Mian Textile Industries Limited informed Pakistan Stock Exchange that Ms. Anum Raza, Chairperson has ceased to be the Chairperson of the Company with effect from August 23, 2021 and Mr. Zeeshan Afzal has been appointed as Chairman.

“Mian Textile Industries Limited, “”the Company””, was incorporated in Pakistan on December 01, 1986 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on Karachi and Lahore Stock Exchanges. The registered office of the Company is situated at 29-B/7, Model Town, Lahore and its manufacturing facilities are located at 48.5 K.M. Multan Road, Bhai Pheru, Tehsil Chunian, District, Kasur. The Company is principally engaged in the business of manufacturing, sale and export of textile products. Due to the un-economical condition the production of own yarn and cloth was closed down and conversion services were extended to other parties. Weaving section building and Spinning section machinery, factory building has been leased to third parties.

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