Month: February 2022

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Dawood Equities Limited

Karachi, Dawood Equities 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.

“Dawood Equities Limited is a company incorporated in Pakistan on May 3, 2006 as public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. It is also registered under the Securities and Exchange Commission of Pakistan as a broker. The activity of the company includes providing equity trading platforms for the capital markets within the brokerage of listed equities, underwriting and other investments service industry of Pakistan. The company has corporate membership and the sticks are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.

The symbol “DEL” is being used by the stock exchanges for the shares of Dawood Equities Limited.”

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Pakistan Hotels Developers Limited

Karachi, Pakistan Hotels Developers 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.

“Pakistan Hotels Developers Limited (Formerly Taj Mahal Hotels Limited) (Company) was incorporated in 1979 at Karachi, Pakistan under the Companies Act, 1913 (now Companies Ordinance, 1984) as a private limited company and converted into public limited company in 1981. The company is listed with Pakistan Stock Exchange. The registered office of the company is situated at 195/2, Shahrah-e-Faisal, Karachi. The company is principally engaged in hotel business and owns and operates a Five Star Hotel known as Regent Plaza Hotel and Convention Centre, Karachi.

Regent Plaza Hotel & Convention Centre, Karachi features 413 rooms and extensive conferencing facilities. The Hotel also boasts two tempting restaurants; a Coffee shop serves round the clock, a well-equipped fitness center, tennis courts, spa, secretarially maintained business center and sun-drenched outdoor swimming pool.

The symbol “PHDL” is being used by the stock exchanges for the shares Pakistan Hotels Developers Limited.”

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Image Pakistan Limited

Karachi, Image 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.

Image Pakistan Limited, formerly Tri-Star Polyester Limited was incorporated in Pakistan, as a public limited company on November 14, 1990, under the Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act, 2017 on May 30, 2017). The principal activity of the Company is manufacturing and sale of Embroidered Fabric and Ready-To-Wear garments and Polyester Filament Yarn.

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Rupali Polyester Limited

Karachi, Rupali Polyester 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.

“The Rupali Group is an established leading corporation in the Petrochemical industry, responsible for producing the primary raw materials for the downstream Textile industry of Pakistan. The Groups’ focus is in diversified commercial interests ranging from manufacturing, importing, exporting and catering to producers of various cloth and fabric variants within the Textile Industries. Of these variants, the Group is able to capture a majority of the market share in knitting, weaving, bed sheets, sportswear, and water jet users.

With over thirty years of experience, The Rupali Group has become one of the largest producers of Polyester Filament Yarn (PFY) and is a leading producer of quality Polyester Staple Fiber (PSF) in Pakistan. Managed by the Feerasta family, Rupali Group has a direct influence on the progressive vision and development of Soneri Bank Limited. The Group established Soneri Bank in the early 90s and as founding sponsors, Rupali has over the years helped the bank become one of Pakistan’s top commercial banks.

In recent years, power factor and natural resource consumption for energy has played a detrimental role in the manufacturing industry. In order to provision sustained flow of energy, The Group has managed to venture out into Coal Fired Power Generation. This will eventually aid in making all our manufacturing facilities completely self-reliant for energy.

The philosophy of the Group is to build on its strength and quality while maintaining reliability.”

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Crescent Fibres Limited

Karachi, Crescent Fibres 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.

“Crescent Fibres Limited was incorporated in Pakistan on August 06, 1977 as part of Crescent Sugar Mills and Distillery Limited. The foundations of the company are laid under the Companies Ordinance, 1984 as a public limited company. The principal business of the Company is manufacture and sale of yarn. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated in Lahore.

The wood related and chemical operations have been discontinued. The textile company operates 55,956 spindles based on the latest European and Japanese machinery and specializes in production of high value added polyester / cotton and chief value cotton yarns. The manufacturing facilities are located at Nooriabad Industrial Estate, District Dadu, in the Province of Sindh, and at Bhikhi, District Sheikhupura in the Province of Punjab.

The associated companies are Crescent Powertec Limited, Equity Textile Limited, Mohd Amin Mohd Bashir Inter Private Limited, Premier Financial Services Private Limited, Premier Insurance Limited, Suraj Cotton Mills Limited and Shams Textile Mills Limited.

The symbol “CFL” is being used by the stock exchanges for the shares of Crescent Fibres Limited.”

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Transaction of 8,000 shares of Habib Bank Limited

Karachi, Habib Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 3,000 shares @ Rs. 121.80 per share were sold in the market on February 21, 2022, 3,000 shares @ Rs. 124.95 per share were sold in the market on February 02, 2022, 2,000 shares @ Rs. 124.27 per share were sold in the market on December 01, 2021 through CDC.

“Habib Bank Limited is incorporated in Pakistan as a commercial bank in 1947 and the foundations of the company are laid under the Banking Ordinance of Pakistan and Companies Ordinance, 1984. The company is engaged in the business of commercial banking, modaraba management and asset management related services in Pakistan and overseas. The shares of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The bank has a branch network of over 1,500 branches inside Pakistan including 33 Islamic banking branches and 43 branches outside the country including Karachi Export Processing Zone. The bank also has 1,300 ATMs across the country and a customer base exceeding five million relationships. The bank has presence in 25 countries, subsidiaries in Hong Kong and the UK, affiliates in Nepal, Kenya and Kyrgyzstan and rep offices in Iran and China. The bank is also expanding its presence in principal international markets including the UK, UAE, South and Central Asia, Africa and the Far East.

The Government of Pakistan privatized HBL in 2004 through which the Aga Khan Fund for Economic Development acquired 51% of the Bank’s shareholding and management control, 42.5% of the shareholding is retained by the Government of Pakistan, whilst 7.5% is owned by the general public i.e. over 170,000 shareholders following the public listing that took place in July 2007.

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

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Change of Chief Executive of Saritow Spinning Mills Limited

Karachi, Saritow Spinning Mills Limited informed Pakistan Stock Exchange that Mr. Samir Iqbal Saigol, Chief Executive has ceased to be the Chief Executive of the Company with effect from February 28, 2022 and Mr. Muhammad Zeid Yousuf Saigol has been appointed as Chief Executive.

“Saritow Spinning Mills 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 principal activity of the company is spinning unit engaged in the manufacture 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 at Lahore. The manufacturing facility of the company is located at Bhai Pheru, District Kasur in the province of Punjab.

The symbol “SSML” is being used by the stock exchange for the shares of Saritow Spinning Mills Limited.”

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Crescent Textile Mills Limited

Karachi, Crescent 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.

“The Crescent Textile Mills Limited is a public limited company incorporated in Pakistan. The foundations of the company are laid under the principals of the Companies Ordinance, 1984. The company is engaged in the business of textile manufacturing comprising of Made ups, processed fabrics, Greige Fabric and Yarn. These products are made from raw cotton and synthetic fibers. The company also operates a cold storage and a power generation house. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

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

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Escorts Investment Bank Limited

Karachi, Escorts Investment Bank 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.

“Escorts Investment Bank Limited is a public limited company incorporated in Pakistan on 15 May 1995. The foundation of the company is laid under the Companies ordinance, 1984. The Company started its commercial operations on October 16, 1996. The Company is licensed to carry out investment finance services, as a non-Banking Finance Company under section 282C of the Companies ordinance, 1984 and non-Banking Finance Companies Establishment and Regulations Rules, 2003. The Pakistan Credit Rating Agency has maintained the long-term credit rating of the Company to “BBB” (Triple B) and also maintained the short-term rating at “A3” (A three) dated 27 March 2014. The ratings denote an adequate capacity of timely payment of financial commitments. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore.

The symbol “ESBL” is being used by the stock exchange for the shares of Escorts Investment Bank Limited.”

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of Kohinoor Textile Mills Limited

Karachi, Kohinoor 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.

“Kohinoor Textile Mills Limited is a Pakistan-based textile company. The Company operates through three segments: spinning, weaving, and processing and home textile. The Company’s spinning segment produces yarn using natural and artificial fibers. Its weaving segment is engaged in producing greige fabric using yarn. Its processing and home textile segment is engaged in processing greige fabric for production of printed and dyed fabric, and manufacturing of home textile articles. The Company owns production facilities at Rawalpindi, District Kasur and Gujar Khan. The Company’s production facilities include approximately 156,528 ring spindles capable of spinning a range of counts using cotton and man-made fibers. The Company’s stitching facilities produce a range of home textiles for the export market. The Company is engaged in the dyeing and printing fabrics for the home textile market. The Company’s subsidiaries are Maple Leaf Cement Factory Limited and Maple Leaf Capital Limited.

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

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Transmission of Quarterly Report for the Period Ended December 31, 2021 of First Pak Modaraba

Karachi, First Pak 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 Pak Modaraba is a multipurpose, perpetual modaraba. It is registered under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Modaraba Companies and Modaraba Rules, 1981 and is managed by Royal Management Services Private Limited, a company incorporated under the Companies Ordinance, 1984. The Modaraba is currently engaged in various modes of Islamic funding and businesses which include Ijarah Financing, deployment of fund in musharika, morabaha and investment in securities. The stocks of the modaraba are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the modaraba is situated at Islamabad.

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

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Appointment of Company Secretary of Tri-Pack Films Limited

Karachi, Tri-Pack Films Limited informed Pakistan Stock Exchange that Ms. Iqra Sajjad has been appointed as Company Secretary with effect from February 28, 2022 in place of Ms. Arjumand Ahmed Shah.

“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.”