Day: October 11, 2021

Karachi, Pakistan Hotels Developers Limited informed Pakistan Stock Exchange that the shareholders of M/s Pakistan Hotels Developers Limited that in accordance with the provision of Section 237 of the Companies Act, 2017, the audited financial statements of the company for the period ended June 30, 2021 have been placed on the Company’s website www.phdl.com.pk

Pakistan Hotel Developers Limited was incorporated and domiciled in 1979 in Pakistan, as a private limited company and converted into public limited company in 1981. Pakistan Hotels Developers Limited (Formerly Taj Mahal Hotels Limited). The company is principally engaged in hotel business and owns and operates a Five Star Hotel Known as Regent Plaza Hotel and Convention Center, Karachi.

The total numbers of shares are 18,000,000. The Earnings per share is 0.02 in 2020 which was 1.56 in 2019. The Profit after Taxation of the Company is 442,000 in 2020 which was 28,013,000 in 2019.

Karachi, Gulistan Textile Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 30, 2021 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting of the Company, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2020 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 October 23, 2021 to October 30, 2021 (both days inclusive).

Gulistan Textile Mills Limited was incorporated on February 02, 1966 in Pakistan as a private company limited by shares and was converted into public listed company on April 11, 1966. The company is principally engaged in the manufacture and sale of yarn, fabrics and other ancillary products.

The total numbers of shares are 18,983,872. The Earnings per share is (72.48) in 2019 which was (24.67) in 2018. The Company had a loss of Rs. 30,186,000 in 2020 which was 1,375,935,000 in 2019.

Karachi, Gulistan Spinning Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 30, 2021 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting of the Company, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2020 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 October 23, 2021 to October 30, 2021 (both days inclusive).

Gulistan Textile Mills Limited was incorporated in 1966. It engages in the manufacture and sale of yarn in Pakistan and internationally and is based in Lahore, Pakistan. The Company was incorporated in Pakistan on February 25, 1966 as a public limited company.

The current status of the Shares of the Company are 14,641,000. The Earnings per shares of the Company is 0.03 in 2020 which was (0.82) in 2019. The Profit after Taxation of the Company is 465,000 in 2020 which was (12,045,000) in 2019.

Karachi, Hala Enterprises Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended June 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Since 1974, Hala Enterprises Limited has been one of the leading innovators and market trend setters in the towel industry of the region. The company’s core business activity is centered on towel and other terry products manufacturing in the Lahore district of Pakistan. The entire manufacturing is based on custom-made items for specific clientele for export purposes. While exports are world-wide, the concentration of sales is within Europe – aimed at both the institutional and the retail sector. Hala is a completely integrated towel manufacturing unit with all facilities in-house. The total manufacturing capacity is approximately 1500 tons annually – due to which the company is able to exercise astonishing levels of flexibility when it comes to query-based orders.

The symbol “HAEL” is being used by the stock exchanges for the shares of Hala Enterprises Limited.

Karachi, Dawood Equities Limited informed Pakistan Stock Exchange that Mr. Asim Iftikhar Yakub has resigned from the directorship of the Company with effect from October 11, 2021.

Dawood Equities Limited was incorporated on May 3, 2006 as public limited company. DEL commenced commercial operations from October 03, 2006. DEL is also registered under the Securities and Exchange Commission of Pakistan as a broker. The Company’s principal business is trading and brokerage of listed equities, underwriting and other investments.

The total shares of the Company are 25,000,000. The Earnings per share is 0.32 in 2020 which was 0.02in 2019. Their Profit after Taxation is 8,104,000 in 2020 which was 480,000 in 2019.

Karachi, International Steels Limited informed Pakistan Stock Exchange that the final cash dividend @ Rs. 7per share, i.e. 70% for the year ended June 30, 2021 has been credited electronically into the designated bank accounts of the shareholders of the Company on October 11, 2021

International Steels Limited was set up in 2007 as a public limited company. It is a subsidiary of International Industries Limited. The Company manufactures cold rolled, galvanized and color coated steel coils and sheets.

ISL’s manufacturing facilities are located on 32 acres in the port city of Karachi, where the company produces Cold Rolled Steel, Galvanized Steel and Color Coated Steel for numerous industrial and commercial applications. The company has a strong nationwide supplier network that is served through regional offices in Lahore, Islamabad and Multan. ISL exports its products to more than 20 countries worldwide. The company has a production capacity of over 1,000,000 Metric Tons.

The Company has quoted its shares that are 435,000,000. The Earnings per shares of the Company is 1.14 in 2020 which was 6.12 in 2019. Their Profit after Taxation is 494,851,000 in 2020 which was 2,664,373,000 in 2019.

Karachi, Macter International Limited informed Pakistan Stock Exchange about transaction of shares of the company. 956,250 shares @ Rs. 0.00 per share were gift-in the market on October 07, 2021 and 956,249 shares @ Rs. 0.00 per share were gift-in the market on October 07, 2021 through CDC.

Macter International Limited was incorporated in Pakistan in 1992 as a private limited company and was converted into a public limited company in 2011. The principal activity of the company is to manufacture and market pharmaceutical products.

The total numbers of shares are 39,144,351. The earnings per share is 0.38 in 2020. The Profit after Taxation is 14,930,000 in 2020.

Karachi, Paramount Spinning Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 30, 2021 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting of the Company, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2020 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 October 23, 2021 to October 30, 2021 (both days inclusive).

Paramount Spinning Mills Limited principally engaged in progressive manufacture and sales of cotton yarn, fabric, yarn dyeing and garments.

The total number of shares are 17,352,330. The Earnings per share is (3.47) in 2020 which was (10.69) in 2019. The Company had a loss of Rs. 60,155,000 in 2020 which was 185,525,000 in 2019.

Karachi, Olympia Mills Limited informed Pakistan Stock Exchange that the corporate briefing session of the Company will be held on October 22, 2021 at Karachi for members and analysts.

The company was incorporated in Pakistan as a public limited company on October 28, 1960. The principal line of business is renting / leasing of company’s fixed assets. The principal line of business of the company is renting / leasing of company’s fixed assets. The registered office of the company is situated Karachi.

The Company has quoted its shares on Pakistan Stock Exchange Limited that are 12,000,000 in numbers. The Earnings per shares of the Company is 5.93 in 2020 which was 4.33 in 2019. The Profit After Taxation is 71,134,000 in 2020 which was 52,001,000 in 2019.

Karachi, Escorts Investment Bank Limited informed Pakistan Stock Exchange that Annual Report of the Company for the year ended June 30, 2021 have been transmitted through PUCARS and is also available on Company’s website.

Escorts Investment Bank Limited was incorporated in Pakistan on 15 May 1995 and is regulated and supervised by the Securities and Exchange Commission of Pakistan and is listed on the Pakistan Stock Exchange.

The Company is licensed to carry out investment finance services, as a Non-Banking Finance Company and Nonbanking Finance Companies. The Company is a subsidiary of Bahria Town (Private) Limited.

The total numbers of shares are 135,600,000. The Earnings per share is (0.24) in 2020 which was (1.14) in 20219. The Company had a loss of Rs. 29,910,000 in 202 which was 50,296,000 in 2019.

Karachi, Summit Bank Limited informed Pakistan Stock Exchange that an Extraordinary Meeting of the Bank has been scheduled for October 26, 2021 at Karachi.

The agenda for this meeting is to consider and approve the extension in the maturity date of the Term Finance Certificate (TFC) of the Bank for a period of further one (I) year i.e until October 27, 2022 together with the extension in the payment of all the Redemption Amount (including principal and related mark-up) falling due since the original maturity date i.e. October 27, 2018 (including the accrued redemption amount as of October 27, 2018 April 27, 2019, October 27, 2019, April 27, 2020, October 27, 2020, April 27, 2021 and the Redemption Amount that shall accrue on October 27, 2021, April 27, 2022 and October 27, 2022) on the proposed revised maturity date of October 27, 2022 for the Term Finance Certificate Issue of the Bank i.e amounting PKR 1.5 BN, on the existing terms and conditions, subject to compliance with all the applicable laws, rule regulations and requisite approvals.

In October 2007, Arif Habib Securities Limited under the Scheme of Amalgamation set by the State Bank of Pakistan acquired the Pakistan Operations of Rupali Bank Limited; hence forming Arif Habib Bank. In 31st March 2010, Suroor Investments Ltd, a Mauritius based investment firm, acquired 59.41% stake in Arif Habib Bank Ltd from Arif Habib Securities Ltd, and on the 18th of August 2010, Arif Habib Bank Ltd was rebranded as Summit Bank Ltd.

Summit Banks parent company, Suroor Investments Ltd, later acquired majority shares of MyBank Ltd and Atlas Bank Ltd in Pakistan. The operations of the later mentioned banks were then merged under the single umbrella of Summit Bank Ltd, thus expanding the Bank’s network to more than 193 Branches.

The company is listed on Pakistan Stock Exchange and the total numbers of shares of the Company are 2,638,151,060. The Earnings per shares of the Company was (3.32) in 2018 which was (0.86) in 2017. The company had a loss of Rs. 8,751,073,000 in 2018 compared to the loss of Rs. 1,939,850,000 in 2017.

Karachi, Bank of Punjab informed Pakistan Stock Exchange that the four members have files their papers against the vacant seats of Elected Directors of the Company.

The Bank of Punjab was constituted pursuant to the Bank Act, in 1989 and it was given the status of Scheduled Bank by the State Bank of Pakistan in 1994. The Bank is engaged in the commercial banking and related services with its Head office located in Lahore. The Bank of Punjab is Public Listed Company, and the license issued to the Bank of Punjab by the State Bank of Pakistan on September 19, 1994. The Punjab Modaraba Services Private Limited is a wholly owned subsidiary of The Bank of Punjab.

The number of shares the company has introduced are 2,643,692,380. The Earnings per share is 2.63 in 2020 which was 3.12 in 2019. Their Profit after Taxation is 6,943,739,000 in 2020 which was 8,248,529,000 in 2019.