Month: July 2022

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Transaction of 50,000 shares of MCB Bank Limited

Karachi, MCB Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 50,000 shares @ Rs. 123.67 per share were sold in the market on July 28, 2022 through CDC.

MCB Bank Limited is a Public Limited Company, incorporated in Pakistan. The Bank engages in the provision of commercial banking and related services.

The total number of shares are 1,185,060,006. The Earnings per share of the Company is 24.50 in 2020 which was 20.23 in 2019. The Profit after Taxation is 29,037,301,000 in 2020 which was 23,976,839,000 in 2019.

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Annual general meeting of Sui Northern Gas Pipelines Limited to be held on July 29, 2022

Karachi, Sui Northern Gas Pipelines Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on July 29, 2022 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on July 29, 2021, 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, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Sui Northern Gas Pipelines Limited (SNGPL) was incorporated as a private limited Company in 1963 and converted into a public limited company in January 1964. The Company took over the existing Sui-Multan System (217 miles of 16 inch and 80 miles of 10 inch diameter pipelines) from Pakistan industrial Development Corporation (PIDC) and Dhulian-Rawalpindi-Wah system (82 miles of 6 inch diameter pipeline) from Attock Oil Company Limited.

Sui Northern Gas Pipelines Limited (SNGPL) is the largest integrated gas company serving more than 7.13 million consumers in North Central Pakistan through an extensive network in Punjab, Khyber Pakhtunkhwa and Azad Jammu & Kashmir. The company has also expanded its activities as Engineering, Procurement and Construction (EPC) Contractor to undertake the planning, designing and construction of pipelines, both for itself and other organizations.

SNGPL transmission system extends from Sui in Baluchistan to Peshawar in Khyber Pakhtunkhwa comprising over 9,143.75 KM of Transmission System (Main lines & Loop lines). The distribution activities covering 5,065 main towns along with adjoining villages in Punjab & Khyber Pakhtunkhwa are organized through 16 regional offices. Distribution system consists of 140,003 KM of pipeline.

The Company is listed on Pakistan Stock Exchange Limited with the total number of shares of the Company that is 634,216,665. The Earnings per shares of the Company is 9.46 in 2020 which was 11.16 in 2019. The Profit after taxation in 2020 is Rs. 5,997,709,000 which was 7,075,834,000 in 2019.

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Appointment of Chief Financial Officer of United Bank Limited

Karachi, United Bank Limited informed Pakistan Stock Exchange that Mr. Akmal Saifie has been appointed as Chief Financial Officer of the Bank with effect from August 01, 2022, in place of Mr. Aameer Karachiwalla.

United Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of Bestway (Holdings) limited which is a wholly owned subsidiary of Bestway Group Limited.

With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.

The total number of shares of the Company are 1,224,179,688. The Earnings per share I s17.07 in 2020 which was 15.63 in 2019. The Profit after tax is 20,898,783,000 in 2020 which was 19,133,774,000 in 2019.

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Financial results of Bank Al-Falah Limited for Quarter ended June 30, 2022

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 28, 2022.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 3,684,530 and 3,725,598 with earnings per share 2.08 and 2.10 basic and diluted respectively.

Further, 25% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from August 12, 2022 to August 16, 2022 (both days inclusive).

Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.

They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.

The symbol “BAFL” is used in respect of the shares of the Bank.

The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.

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Transaction of 4,054,500 shares of Feroze 1888 Mills Limited

Karachi, Feroze 1888 Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 961,250 shares @ Rs. 77.97 per share were sold in the market on July 26, 2022, 165,000 shares @ Rs. 68.97 per share were sold in the market on July 26, 2022, 901,000 shares @ Rs. 77.97 per share were sold in the market on July 26, 2022, 1,862,250 shares @ Rs. 77.97 per share were bought from the market on July 26, 2022 and 165,000 shares @ Rs. 68.97 per share were bought from the market on July 26, 2022 through CDC.

Feroze 1888 Mills Limited was incorporated in Pakistan as a public limited company in October 1972. The Company is principally engaged in the production and export of towels.

The shares of the company are quoted on the Pakistan Stock Exchange that are 376,800,968. The Earnings per shares of the Company is 7.80 in 2020 which was 15.90 in 2019. Their Profit after Taxation is 2,937,221,000 in 2020 which was 5,989,810,000 in 2019.

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ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Celsius Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CEL

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Celsius Financial Products, including CEL Tokens, Earn Rewards high-interest accounts, and/or Celsius Loan products, between February 9, 2018, and June 13, 2022, inclusive (the “Class Period”), against Celsius Network LLC (“Celsius”), Celsius Lending LLC, Celsius KeyFi LLC (collectively, the “Celsius Entities”) and its executives Alexander Mashinsky, Shlomi “Daniel” Leon, David Barse, and Alan Jeffrey Carr (together, “Defendants”), of the important September 13, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Celsius Financial Products, including CEL Tokens, Earn Rewards high-interest accounts, and/or Celsius Loan products you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=7586 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 13, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Defendants violated provisions of the Securities Act by selling non-exempt securities without registering it. The complaint alleges that Celsius and Individual Defendants violated provisions of the Securities Act by also participating in Celsius’ failure to register the Celsius Financial Products. The complaint alleges that the Defendants violated provisions of the New Jersey Common Law by possessing the monetary value of Celsius Financial Products of inflated value which rightfully belongs to the Plaintiff and members of the Class.

Also according to the lawsuit, Defendants violated provisions of the Exchange Act by carrying out a plan, scheme, and course of conduct that Celsius intended to and did deceive retail investors and thereby caused them to purchase Celsius Financial Products at artificially inflated prices; endorsed false statements they knew or recklessly should have known were material misleading, and they made untrue statements of material fact and omitted to state material facts necessary to make the statements made not misleading.

To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=7586 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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‫ پانچویں سی آئی آئی ای (CIIE) نے بیلٹ اینڈ روڈ سے ملحقہ ممالک کو فائدہ پہنچایا

شنگھائی، 28 جولائی، 2022/پی آرنیوزوائر/ — بین الاقوامی خریداری، سرمایہ کاری کے فروغ، ثقافتی تبادلوں اور کھلے تعاون کے لیے ایک اہم پلیٹ فارم، چائنا انٹرنیشنل امپورٹ ایکسپو (CIIE) مسلسل چار سالوں سے کامیابی کے ساتھ منعقد کیا جارہاہے اور اس کو ایک بین الاقوامی سطح کے عوامی بھلائی اور کثیر القومی تجارتی نظام ہونے کے ساتھ ساتھ ایک کھلی عالمی معیشت اور بنی نوع انسان کے مشترکہ مستقبل کی حامل ایک کمیونٹی کی تعمیر کے لیے ایک اہم کیریئر کے طور پر سراہاجاتا ہے۔https://mma.prnewswire.com/media/1868287/China_International_Import_Expo.jpg

2018 میں اپنے آغاز کے بعد سے، CIIE اپنے معیار اور اثر و رسوخ میں بڑھ رہا ہے۔ اس کی کاروباری نمائش کا رقبہ 2018 میں 270,000 مربع میٹر سے بڑھ کر 2021 میں 366,000 مربع میٹر ہو گیا۔ گزشتہ چار CIIEs میں نمائش کنندگان نے 1,500 سے زیادہ نئی مصنوعات، ٹیکنالوجیز اور خدمات شروع کیں اور 270 بلین ڈالر سے زیادہ مالیت کے آزمائشی سودوں کے حصول میں کامیابی حاصل کی۔
اب جبکہ CIIE اپنے پانچویں سال میں داخل ہو رہا ہے تو بیلٹ اینڈ روڈ سے ملحقہ مزید اور زیادہ ممالک نے چینی مارکیٹ پر اپنی نگاہیں ڈالنا اور اپنی مصنوعات چین کو برآمد کرنا شروع کر دی ہیں۔

پہلے CIIE کے موقع پر ، جنوبی امریکہ میں مقیم ایک چینی کاروباری خاتون ما یوژیا (Ma Yuxia) نے چینی مارکیٹ میں ‘الپاکا پلش ٹوائز ‘ متعارف کرائے تھے۔

ما اور اس کے پیرو سے تعلق رکھنے والے پارٹنرز نے پیرو میں ان کھلونوں اور ہاتھ سے بنی دیگر روایتی دستکاریوں کی نمائش اور فروغ کے لیے 9 مربع میٹر کا ایک چھوٹا بوتھ کرائے پر لیا۔ انہوں نے ‘وارمپاکا ‘کے نام سے اپنے برانڈ کا بھی آغاز کیا۔https://mma.prnewswire.com/media/1868286/CIIE_Logo.jpg

ایکسپو میں جانے کا یہ سفر حیرت انگیز طور پر بارآور ثابت ہوا۔ مسلسل چار سال تک CIIE میں حصہ لینے کے بعد،’وارمپاکا ‘ اب چین کے 20 سے زیادہ تجارتی مراکز میں پایا جا سکتا ہے۔

اب تک، پانچویں CIIE کے لیے منصوبہ بند کاروباری نمائش کا 80 فیصد سے زیادہ حصہ مخصوص کر لیا گیا ہے۔ اس سال ایکسپو میں فارچیون گلوبل 500 کی 260 سے زائد کمپنیاں اور صنعتی رہنما شرکت کریں گے۔

ملکی سطح کی اس نمائش میں بہت سے ممالک نے اپنی شرکت کی تصدیق کی ہے، جبکہ، ہانگ چیاؤ انٹرنیشنل اکنامک فورم جو ایکسپو کا ایک بڑا حصہ ہے، میں عالمی کھلے پن کی ایک نئی رپورٹ اور عالمی کھلے پن کا اشاریہ جاری کیا جائے گا۔

بہت سے لوگوں کے دلچسپی لینےکے باعث جگہ تیزی سے بھر جائے گی۔ وقت ختم ہونے سے پہلے پانچویں ایڈیشن کے لیے سائن اپ کرنا یقینی بنائیں! رجسٹر ہونے کے لیے یہاں کلک کریں: https://www.ciie.org/exhibition/f/book/register?locale=en۔

رابطہ کیجئے: نی چنگ شین (Nie Qingxin)
ٹیلیفون:
0086-21-67008870/67008988

لوگو: https://mma.prnewswire.com/media/1868286/CIIE_Logo.jpg

تصویر: https://mma.prnewswire.com/media/1868287/China_International_Import_Expo.jpg

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The fifth CIIE benefits countries along the Belt and Road

SHANGHAI, July 28, 2022 /PRNewswire/ — A major platform for international procurement, investment promotion, cultural exchanges and open cooperation, the China International Import Expo (CIIE) has been held successfully for four consecutive years and is widely regarded as an international public good and the multinational trading system, as well as a pivotal carrier for building an open world economy and a community with a shared future for mankind.

The fifth China International Import Expo will take place from Nov 5 to 10 this year. (Photo/IC)

Since its inception in 2018, the CIIE has been growing in scale and influence. The area of its business exhibition increased from 270,000 square meters in 2018 to 366,000 square meters in 2021. Exhibitors at the past four CIIEs launched more than 1,500 new products, technologies and services and clinched tentative deals worth over $270 billion.

As the CIIE enters its fifth year, more and more countries along the Belt and Road have begun to cast their sights on the Chinese market and export their products to China.

At the first CIIE, Ma Yuxia, a Chinese businesswoman based in South America, introduced alpaca plush toys to the Chinese market.CIIE logo

Ma and her Peruvian partners rented a small 9-square-meter booth to display and promote these toys and other traditional hand-made crafts in Peru. They also established their own brand called Warmpaca.

That outing to the expo proved to be incredibly fruitful. After participating in the CIIE for four consecutive years, Warmpaca can now be found in more than 20 malls in China.

To date, more than 80 percent of the planned business exhibition area for the fifth CIIE has been reserved. More than 260 Fortune Global 500 companies and industry leaders will attend the expo this year.

Many countries have confirmed their participation in the country exhibition, while a new World Openness Report and World Openness Index will be released at the Hongqiao International Economic Forum, a major part of the expo.

With so many showing their interest, space will be filling up fast. Be sure to sign up for the fifth edition before time runs out! Click here to register: https://www.ciie.org/exhibition/f/book/register?locale=en.

Contact: Nie Qingxin
Tel.: 0086-21-67008870/67008988

Logo – https://mma.prnewswire.com/media/1868286/CIIE_Logo.jpg
Photo – https://mma.prnewswire.com/media/1868287/China_International_Import_Expo.jpg

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Financial results of Nestle Pakistan Limited for Quarter ended June 30, 2022

Karachi, Nestle Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on July 28, 2022.

The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 3,279,263 with earnings per share 72.31 basic and diluted respectively.

Further, 1550% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from August 11, 2022 to August 12, 2022 (both days inclusive).

Nestle Pakistan Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the business of manufacturing, processing and sale of food products. This includes imported products dairy, confectionery, culinary, coffee, beverages, infant nutrition and drinking water. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is situated in Lahore.

The company owns brands in the category of ambient dairy, chilled dairy, beverages, bottled water, culinary and food, baby food, breakfast cereals and confectionary.

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

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Financial results of Sanghar Sugar Mills Limited for Quarter ended June 30, 2022

Karachi, Sanghar Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 28, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2022 which portrayed a loss of Rs. 8,250 with loss per share 0.69 basic and diluted respectively.

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

The Company is a public limited Company incorporated in 1986 in Pakistan. The Company is principally engaged in the manufacture and sale of sugar and sale of its by-products i.e. molasses and bagasse. The Company has also installed bagasse based power generation and transmission equipment to sell surplus electric power. The Company went into commercial production in January 1988. Initially Mills having a capacity of 2,000 T.C.D. was installed. Subsequently the capacity has been increased to 6,000 T.C.D. and now currently stands at 8,500 T.C.D.

The total number of shares the company has introduced so far are 11,946,000. The Earnings per share is 9.94 in 2020 which was 8.28 in 2019. The Company had a loss of Rs. 118,755,000 in 2020 which was 98,855,000 in 2019.

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Financial results of Fauji Fertilizer Company Limited for Quarter ended June 30, 2022

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on July 28, 2022.

The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 6,784,942 with earnings per share 5.14 basic and diluted respectively.

Further, 21% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from August 10, 2022 to August 12, 2022 (both days inclusive).

Fauji Fertilizer Company Limited was incorporated as a Public Limited Company. The principal activity of the Company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizer, chemical, cement, energy generation, food processing and banking operations.

The Company is listed on Pakistan Stock Exchange and the shares of the company are 1,272,238,147. The Earnings per shares of the company is 16.36 in 2020 which was 13.45 in 2019. Their Profit after Taxation is 20,819,459,000 in 2020 which was 17,110,490,000 in 2019.

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Financial results of Khairpur Sugar Mills Limited for Quarter ended June 30, 2022

Karachi, Khairpur Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 28, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2022 which portrayed a profit of Rs. 23,844 with earnings per share 1.49 basic and diluted respectively.

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

Khairpur Sugar Mills Limited was incorporated in Pakistan on August 23, 1989 as a public limited company. The Company is principally engaged in the manufacture and sale of sugar and by products.

The total numbers of shares are 16,017,500. The Earnings per share is (2.12) in 2020 which was (4.00) in 2019. The Company had a loss of Rs. 33,972,000 in 2020 which was 64,003,000 in 2019.