Month: February 2022

Karachi, Al-Abid Silk Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“AI-Abid Silk Mills Limited was incorporated as a private limited company in Pakistan in the year 1968. Later the company was converted into a public limited company on December 24, 1987. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in manufacturing and processing of various kinds of fabrics and export of printed and dyed cloth, bed sets and other textile made-ups. 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. The manufacturing facilities of the Company are located at Karachi.

The symbol “AASM” is being used by the stock exchanges for the shares of AI-Abid Silk Mills Limited.”

Karachi, First UDL Modaraba informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“First UDL Modaraba was formed in 1991 under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under. It is managed by UDL Modaraba Management Private Limited, a company incorporated in Pakistan. It is a perpetual, multipurpose and multidimensional Modaraba and is engaged in providing finance on Murabaha and Musharaka arrangements, Ijarah, commodity trading and trading in listed and non-interest bearing securities. The Modaraba is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.

The symbol “FUDLM” is being used by the stock exchange for the shares of First UDL Modaraba.”

Karachi, Fauji Cement Company Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Fauji Cement Company Limited is a public limited company incorporated in Pakistan on November 23, 1992. The foundations of the company are laid under the Companies Ordinance, 1984. The business commenced from May 22, 1993. The principal activity of the company is manufacturing and sale of ordinary Portland cement. The shares of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges in Pakistan. The company’s registered office is situated at Rawalpindi.

The cement plant of the company is located in Punjab. The annual production capacity of the plant is 1.165 million tons of Cement. The company has a Refuse Derived Fuel (RDF) Processing Plant which solves problem of Municipal Garbage Disposal. Minimum 300-400 tons of garbage is being lifted from each garbage dump located at Rawalpindi and Islamabad. In addition, the other important advantages include reduced use of fossil fuel, lowering of green house gases in the atmosphere and availability of compost fertilizer as a byproduct.

The symbol “FCCL” is being used by the stock exchanges for the shares of Fauji Cement Company Limited.”

Karachi, Otsuka Pakistan Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Otsuka Pakistan Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is an indirect subsidiary of Otsuka Pharmaceutical Company Limited, Japan. The principal activity of the company is manufacturing, marketing and distribution of intravenous infusions and trading in pharmaceutical products, nutritional foods and medical equipment. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.

The symbol “OTSU” is being used by the stock exchange for the shares of Otsuka Pakistan Limited.”

Karachi, Next Capital Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Next Capital Limited is a company incorporated in Pakistan as a public limited company on December 14, 2009. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a member of the Karachi Stock Exchange Limited and a member of Pakistan Mercantile Exchange Limited. The company is principally engaged in the brokerage of shares, stocks, securities, commodities and other financial instruments and consultancy services. The company is engaged in trading in equity and debt securities on its own account through ready, spot and forward counters of the exchange. The shares of the company are quoted on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.

The symbol “NEXT” is being used by the stock exchange for the shares of Next Capital Limited.”

Karachi, Pak Leather Crafts Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Pak Leather Crafts Limited is a public limited company incorporated in Pakistan. The foundation of the company is laid under the Companies Ordinance, 1984. The principal activity of the Company is leather tanning, manufacturing of leather garments and export of leather and leather garments. The stocks of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi.

The symbol “PAKL” is being used by the stock exchange for the shares of Pak Leather Crafts Limited.”

Karachi, Sitara Chemical Industries Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Sitara Chemical Industries Limited is a company incorporated in Pakistan on September 8, 1981. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the Company are operation of Chlor Alkali plant and yarn spinning unit. The Company is currently organized into two operating divisions and these divisions are the basis on which the Company reports its primary segment information. Principal business activities are Chemical Division Manufacturing of caustic soda and allied products and Textile Division Manufacturing of yarn and fabric. The manufacturing facilities are located at Faisalabad in the province of Punjab. The shares of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.

The symbol “SITC” is being used by the stock exchange for the shares of Sitara Chemical Industries Limited.”

Karachi, Pakistan Petroleum Limited informed Pakistan Stock Exchange about transaction of shares of the company. 500 shares @ Rs. 79.26 per share were sold in the market on February 23, 2022 through CDC.

“Pakistan Petroleum Limited was incorporated in Pakistan in 1950. The objectives of company include conducting exploration, prospecting, development and production of oil and natural gas resources. The subsidiaries of the company are PPL Europe E&P Limited formerly MND Exploration and Production Limited, PPL Asia DMCC and the Pakistan Petroleum Provident Fund Trust Company Private Limited. The jointly controlled entity is Bolan Mining Enterprises with 50% shareholding. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The operations of the company include production of natural gas, crude oil, liquid natural gas and liquefied petroleum gas. The company was incorporated in Pakistan as a public limited company in June 1950. The major shareholdings belonged to Burmah Oil Company of the UK. In September 1997, BOC disinvested from the exploration and production sector worldwide and sold its equity in PPL to the Government of Pakistan. The shareholding of the company is currently divided between the government which owns 71% of the shares, private owners with 22% shares and PPL employee Empowerment Trust which amounts to 7% shares.

PPL operates six producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani and Hala and holds working interest in fifteen partner-operated producing fields, including Qadirpur. PPL has a portfolio of 47 exploration assets from which the company operates 27, including one contract in Iraq, while 20 blocks, comprising three offshore leases in Pakistan and two onshore concessions in Yemen, are operated by joint venture partners. The PPL fields/ departments are ISO 9001, 14001 and OHSAS 18001 certified.

The symbol “PPL” is being used by the stock exchange for the shares of Pakistan Petroleum Limited.”

Karachi, Prosperity Weaving Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Prosperity Weaving Mills Limited is a company incorporated in Pakistan on November 20, 1991. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacturing and sale of woven cloth. The Mill is located at District Sheikhupura in the Province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.

The symbol “PRWM” is being used by the stock exchange for the shares of Prosperity Weaving Mills Limited.”

Karachi, Zahidjee Textile Mills Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Zahidjee Textile Mills Limited is a company incorporated in Pakistan on July 17, 1990 as a public limited company under the Companies Ordinance, 1984. The principal business of the company is export of all kinds of value-added fabrics and textile made-ups. The Company is also engaged in the business of manufacturing and sale of yarn. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated in Faisalabad.

The weaving unit is located at Satyana and spinning units are located at Tehsil Jaranwala, District Faisalabad in the province of Punjab.

The symbol “ZAHT” is being used by the stock exchanges for the shares of Zahidjee Textile Mills Limited.”

Karachi, Allied Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 158,500 shares @ Rs. 86.50 per share were bought from the market on February 22, 2022, 16,000 shares @ Rs. 86.50 per share were bought from the market on February 23, 2022 through CDC.

“Allied Bank Limited is incorporated in Pakistan under the Companies Ordinance, 1984. It is a scheduled bank, engaged in commercial banking and related services. The Bank operates a total of 948 branches in Pakistan, 1 branch in Karachi Export Processing Zone Branch, and 1 wholesale banking branch in Bahrain. The subsidiary of the company includes ABL Asset Management Company Limited. The bank is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Lahore.

The services of the company are in the personal and business banking segment. The services of the bank in the banking segment includes everyday accounts, lifestyle banking, savings and term deposits, credit and debit cards, domestic remittances, banc-assurance and e-banking services.

The symbol “ABL” is being used by the stock exchanges for the shares of Allied Bank Limited.”

Karachi, Atlas Income Fund informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2021 have been transmitted through PUCARS and is also available on Company’s website.

“Atlas Income Fund (AIF) was established by a Trust Deed dated February 20, 2003 between Atlas Asset Management Limited (AAML), a management company and Muslim Commercial Financial Services (Private) Limited (MCFSL)-a wholly owned subsidiary of MCB Bank as trustee. With effect from June 11, 2005, with the signing of the Deed of Change of Trustee and First Supplemental Trust Deed dated June 11, 2005, Central Depository Company of Pakistan Limited, (CDC), has been appointed as trustee in place of the retiring Trustee (MCFSL).

The symbol “OEFAIF” is being used by the stock exchange for Atlas Income Fund.”