Transaction of 5,000 shares of Olympia Mills Limited

Karachi, Olympia Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5,000 shares @ Rs. 16.00 per share were bought from the market on August 12, 2022 through CDC.

 

“The company was incorporated in Pakistan as a public limited company on October 28, 1960, and its shares are quoted on the Pakistan Stock Exchange. The registered office of the company is situated at H-23/3, Landhi Industrial Area Karachi.

 

The principal line of the company has also been changed to renting/leasing of company’s fixed assets as approved by Shareholders in AGM dated 30 October 2017.

 

The name of the company has been changed from Olympia Spinning and Weaving Mills Ltd to Olympia Mills Limited which was approved by SECP in November 2017.

 

The principal business activity of the company is now renting/leasing of Factory building and Paper Plant Machinery.”

Change of Company Secretary of Pakistan Tobacco Company Limited

Karachi, Pakistan Tobacco Company Limited informed Pakistan Stock Exchange that Mr. Nauman Masood Butt, Company Secretary has ceased to be the Company Secretary of the Company with effect from August 10, 2022 and Ms. Madeeha Arshad Chaudhry has been appointed as Company Secretary of the Company with effect from August 10, 2022.

“Pakistan Tobacco Company Limited is a public listed company incorporated in Pakistan on November 18, 1947. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of cigarettes. The shares of the company are the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated in Islamabad.

 

The company is a subsidiary of British American Tobacco Investments Limited, United Kingdom. The ultimate parent company is British American Tobacco Plc. United Kingdom. The business was formed in 1902 with over 300 brands in the portfolio in over more than 180 countries.

 

The brands which the company has include Dunhill, Benson and Hedges, John Player Gold Leaf, Capstan, Gold Flake and Embassy cigarettes.

 

The symbol “PAKT” is being used by the stock exchange for the shares of Pakistan Tobacco Company Limited.”

Transaction of 110 shares of Millat Tractors Limited

Karachi, Millat Tractors Limited informed Pakistan Stock Exchange about transaction of shares of the company. 110 shares @ Rs. 880.42 per share were bought from the market on August 12, 2022 through CDC.

“Millat Tractors Limited is a company incorporated in Pakistan on June 11, 1964 as a public limited company. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activities of the business are manufacturing agricultural tractors and machinery which includes implements and multi-application products. 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 Sheikhupura.

The symbol “MTL” is being used by the stock exchanges for the shares of Millat Tractors Limited.”

Some 350 World Leaders From 157 Nations With Diplomatic Relations With North or South Korea Attended the August 11-15, Conference

International Leadership Summit Addresses Korean Reconciliation, Religious Freedom, and New Peace Alliances in Africa and the World

Washington, DC, Aug. 14, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE

UPF International Leadership Summit Addresses Korean Reconciliation, Religious Freedom, and

New Peace Alliances in Africa and the World

Condolences Expressed for late Prime Minister Shinzo Abe

 International leaders at the Universal Peace Federation’s (UPF) Summit 2022 and Leadership Conference affirmed their support for global peacebuilding, especially on the Korean Peninsula. Sessions addressed the universal right to religious freedom and called for more education of youth in Africa.

Some 350 world leaders from the 157 nations with diplomatic relations with either North or South Korea attended the August 11-15, 2022, conference, either in person or virtually, at Jamsil Lotte Hotel in Seoul, to discuss “Toward Peace on the Korean Peninsula: Toward a World Culture of Peace.” In his welcoming remarks, UPF Chairman Thomas G. Walsh expressed hope that the focus and vision for peace on the Korean Peninsula could be taken to a broader level, and that “the divided world be reconciled into one humanity and one global culture of peace.”

In addition to calling for peace, the leaders expressed deep condolences for the loss of Japanese Prime Minister Shinzo Abe. UPF offered a video and floral tribute.

“My grandfather said the one thing people cannot go without is peace,” said Sheikh Mansour Diouf of the Murid Brotherhood in Senegal. “We are supposed to be brothers…” This sentiment was echoed by many of the religious leaders.

Korean reconciliation was a major theme, due to the passion of UPF co-founders, Rev. Dr. Sun Myung Moon and Dr. Hak Ja Han Moon, who were born in what is now North Korea. In 1991, anti-communist Rev. Moon went to Pyongyang to meet communist North Korea leader Kim Il-sung. The two men embraced as brothers and agreed to launch various projects together. That unity underscores the hope to bring peace to the 80 million people on the Korean Peninsula, despite decades of division, said Dr. Michael Jenkins, President, UPF International.

Along with the conference, UPF organized a Fact-Finding Delegation for Peace on the Korean Peninsula with US officials and South Korean leaders. Amb. Joseph DeTrani, Special Envoy to the Six-Party Talks with DPRK (2003-2006); Amb. Harry Harris, a US Navy admiral who served as US Ambassador to South Korea from 2018 to 2021; (Ret.) Gen. Walter Sharp, who led US forces, the UN Command, and ROK-US Combined Forces Command (2008-2011); and Dr. Alexandre Mansourov, Adjunct Professor at the Edmund Walsh School of Foreign Studies at Georgetown University, offered their assessments. (Full details will be available at UPF.org).

“Idealism must be rooted in realism,” said Amb. Harris. He praised South Korea President Suk-yeol Yoon for his intentions “to make the US-ROK Alliance the centerpiece of his foreign policy,” as that means outreach to Japan as well as military readiness.

Former US President Donald Trump, former Canadian Prime Minister Stephen Harper, Cambodia Prime Minister Samdech Hun Sen, Dr. Sok Siphana, head of Asian Vision Institute, and former Taiwan Vice President Lu Hsiu-lien offered remarks on the need to achieve peace.

Protecting religious freedom worldwide was another major theme. Religious freedom is “the most important single topic on the planet,” said US House Speaker Newt Gingrich (1995-1999). That is because it presupposes God’s existence and God’s bestowing rights to humanity, and this forms the basis of freedom, he explained.

Religious freedom is key to security concerns, added US Secretary of State Mike Pompeo (2018-2021), recalling that he always left his Bible open on his desk for inspiration. “Nations that threaten others, like China and Iran” also “have death holds” on religious freedoms, he noted.

From Japan, lawyer Norishige Kondo of the Family Federation for World Peace and Unification (FFWPU) talked about “a serious crisis of religious freedom in our country.” He spoke of the surreal situation of Japan’s media transferring blame for the brutal assassination of Prime Minister Abe from the shooter to FFWPU. He discussed human rights violations against 4,300 FFWPU members, while FFWPU member Toru Goto talked about his kidnapping, 12-year confinement, and lawsuits against perpetrators.

Hon. Jan Figel, Special Envoy for the Promotion of Freedom of Religion, European Union (2016-2019), noted that while 84% of the world population claims religious affiliation, 79% live in countries “with high or very high obstacles to religious freedom.” Religious prejudice generates three evils—”intolerance, discrimination, and persecution,” said Dr. Massimo Introvigne, Managing Director of the Center for Studies on New Religions in Italy.

A third major highlight was about strengthening peace and prosperity in Africa

The growing power of Africa—where the average age is 20—brings opportunities for education, jobs, encouraging peace, and protecting the environment, especially desertification. “It is imperative for us: We must train our youth so that they can resolutely take charge of their destiny,” said H.E. Brigi Rafini, Executive Secretary of the Community of Sahel and Saharan States (CEN-SAD) and former Prime Minister of Niger.

At an afternoon International Youth Leaders Conference, leaders from Malawi, Nigeria, Eswatini, Cape Verde, Somalia, DR Congo, and Niger discussed the importance of vocational training and character education for African youth. This was followed by the signing of an agreement to raise “youth for peace.”

In a separate session, Imboni Dr. Uzwi-Lezwe Radebe, founder of the Revelation Spiritual Home in South Africa, joined Most Rev. Daniel Okoh, President of the Christian Association of Nigeria; Hon. Issaka Sourwema, Minister of Religious and Customary Affairs of Burkina Faso; H.E. Rev. Nevers Mumba, Founder of the National Christian Coalition in Zambia; and Dr. Nokuzola Mndende, National Chairperson of the Council of African Religion in South Africa, to discuss a resolution to protect religious freedom in Africa. This resolution was subsequently signed.

Other highlights:

—The 40th Anniversary of The Washington Times. Chairman Thomas P. McDevitt, President and Executive Editor Christopher Dolan, and Opinion Editor Charles Hurt spoke of The Times’ impact and its dedication to accurate news and the ideals of freedom, faith, and family.

—The 60th Anniversary of The Little Angels. The world-famous children’s folk ballet company founded by Rev. and Mrs. Moon gave a beautiful special performance to the delight of conference participants.

Visionary Sessions on Peace, Family, Science, Media, Higher Education, Youth, and Religion. The HJ Academic Foundation hosted more than 50 academicians for stimulating discussions on topics such as a Unity of Science movement, Character Education and the University in the Next 100 Years, the God Conference and Heavenly Parent’s Holy Community, the Women’s Movement and Family, and CEN-SAD Conference on Youth Education.

—Resolutions: Summit leaders signed the Resolution for a Universal Peace Charter; a Declaration on the Universal Value of Religious Freedom; a resolution to promote interfaith cooperation within Africa; and an agreement between the CEN-SAD, UPF, International Association of Youth and Students for Peace (IAYSP) and the Sunhak Educational Foundation to develop vocational training and character education for African youth.

—A special program to commemorate the 10th Anniversary of the passing of the Rev. Dr. Sun Myung Moon. North Korean Premier Kim Jong-un sent flowers and a personal message to Mrs. Moon, said UPF International Director-General Dr. Yun Young-ho.

— The 5th THINK TANK 2022 Forum. Experts gathered to discuss concrete ideas on how to achieve reconciliation on the Korean Peninsula. The forum will be broadcast at a future date.

Among the more than 100 distinguished speakers were: Senegal President Macky Sall; H.E. Muhammadu Buhari, President, Nigeria; Hon. Mike Pence, US Vice President (2017-2021); Hon. Dan Burton, US Member of Congress (1983-2013); Beeland Interests Chairman Jim Rogers; Pastor Paula White-Cain, City of Destiny Church; Bishop Don Meares, the Evangel Cathedral; Hee-Taek Chung, President of the Segye Ilbo newspaper; H.E. Boris Tadic, President (2004-2012), Serbia; H.E. Yves Leterme, Prime Minister (2008, 2009-2011), Belgium; H.E. Ehud Olmert, Prime Minister (2006-2009), Israel; Hon. Neziha Labidi, Minister of Women, Family & Children (2016-2020), Tunisia; Hon. German Blanco Alvarez, Senator, Colombia; Hon. Grigore Novac, Member of Parliament, Moldova; Hon. Prof. Sunaina Singh, Vice Chancellor, Nalanda University, India; Mme. Adi Koila Nailatikau, First Lady (2009-2015), Fiji; H.E. Johnson Toribiong, President (2009-2013), Palau; Hon. Patricia Terrazas Baca, Member of Parliament, Mexico; Dr. Ann Higgins, President, World Dance Congress, Bahamas; Hon. Dave Laksono, Member of Parliament, Indonesia; Hon. Ross Robertson, Member of Parliament (1987-2014), New Zealand; and H.E. Jose Manuel Barroso, President, European Commission, (2004-2014).


For media inquiries:

William P. Selig
Communications Director
Universal Peace Federation
Ph: 240-274-1744
Email: wselig@upf.org
www.UPF.org

Attachment

William P. Selig

Universal Peace Federation

240-274-1744 wselig@upf.org

Financial results of Nishat Chunian Power Limited for Year ended June 30, 2022

Karachi, Nishat Chunian Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 15, 2022.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2022 which portrayed a profit of Rs. 2,503,733 with earnings per share 6.82 basic and diluted respectively.

Further, 100% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from August 31, 2022 to September 06, 2022 (both days inclusive).

Nishat Chunian Power Limited is a public company limited by shares incorporated in Pakistan. The company is a subsidiary of Nishat Chunian Limited. The principal activity of the company is to build, own, operate and maintain a fuel fired power station. The company has a Power Purchase Agreement with its sole customer, National Transmission and Dispatch Company Limited (‘NTDCL’) for twenty five years.

The total number of shares are 367,346,939. The Earnings per share is 12.54 in 2020 which was 9.30 in 2019. The Profit After Taxation is 4,605,770,000 in 2020 which was 3,416,558,000 in 2019.

Appointment of Company Secretary of Pakistan Services Limited

Karachi, Pakistan Services Limited informed Pakistan Stock Exchange that the undersigned has been appointed as Company Secretary of the company with effect from August 15, 2022 in place of Mr. Mansoor Khan.

Pakistan Services Limited was incorporated on 06 December 1958 in Pakistan as a public limited company. The Company is principally engaged in the hotel business and owns and manages the chain of Pearl Continental Hotels. The Company also owns one small sized property in Lahore operating under the budget hotel concept. The Company also grants franchise to use its trade mark and name “Pearl Continental”.

The Company is listed on Pakistan Stock Exchange with a large number of shares that are 32,524,250. The Earnings per shares of the Company is (53.62) in 2020 which was (26.55) in 2019. The Company had a loss of Rs. 1,744,014,000 in 2020 which was (863,398,000) in 2019.

Transaction of 21,000 shares of First Elite Capital Modaraba

Karachi, First Elite Capital Modaraba informed Pakistan Stock Exchange about transaction of shares of the company. 13,000 shares @ Rs. 3.54 per share were brought from the market on August 11, 2022 and 8,000 shares @ Rs. 3.24 per share were brought from the market on August 12, 2022 through CDC.

First Elite Capital Modaraba is a perpetual, multi-purpose and multi-dimensional non-trading Modaraba. It is managed by Crescent Modaraba Management Company Limited. The Modaraba is primarily engaged in the business of ijarah, musharakas and murabahas financing, investment in marketable securities and other related businesses.

The total numbers of shares are 11,340,000. The Earnings per share is (0.46) in 2020 which was (0.39) in 2019. The Company had a loss of Rs. 5,272,000 in 2020 which was 4,371,000 in 2019.

Material Information of Faisal Spinning Mills Limited

Karachi, Faisal Spinning Mills Limited informed Pakistan Stock Exchange that the VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Faisal Spinning Mills Limited (FSML) at ‘A/A-1’ (Single A/A-One). Outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on May 27, 2021.

Faisal Spinning Mills Limited is incorporated in Pakistan as a Public Limited Company. The Company is primarily a spinning and weaving unit engaged in the manufacture and sale of yarn and woven fabric, however, it is also engaged in the generation of electricity for self-consumption.

The total numbers of shares are 10,000,000. The Earnings per share is 52.39 in 2020 which was 57.79 in 2019. The Profit after Taxation is 523,879,000 in 2020 which was 577,855,000 in 2019.

Credit of Interim Cash Dividend of United Insurance Company of Pakistan Limited

Karachi, United Insurance Company of Pakistan Limited informed Pakistan Stock Exchange that the interim cash dividend @ Rs. 1.50 per share i.e. 15% for the year ending June 30, 2022 has been credited electronically into the designated bank accounts of the shareholders of the Company on August 11, 2022.

Further, the Share Transfer Books of Meezan Bank Ltd. will be closed from August 25, 2022 to August 29, 2022 (both days inclusive).

The United Insurance Company of Pakistan Limited was incorporated on October 20, 1959, in Pakistan as a Public Limited Company. The principal activity of the Company is General Insurance Business and it qualifies as a domestic insurance company under the Insurance Ordinance, 2000 and undertakes Fire & Property Damage, Marine Aviation & Transport, Motor, Crop and Miscellaneous General Insurance.

The Company has been allowed to carry on Window Takaful Operation on August 18, 2014 by the Securities and Exchange Commission of Pakistan (SECP) under the Takaful Rules, 2012. The Company has not transacted any insurance business outside Pakistan.

The total number of shares are 295,000,044. The Earning per share is 1.41 in 2020 which was 1.54 in 2019. The Profit after tax is 414,555,000 in 2020 which was 401,591,000 in 2019.

Transaction of 36,023 shares of The International Industries Limited

Karachi, The International Industries Limited informed Pakistan Stock Exchange about transaction of shares of the company. 10,000 shares @ Rs. 111.19 per share were bought from the market on August 11, 2022, 8,003 shares @ Rs. 111.19 per share were bought from the market on August 11, 2022, 8,020 shares @ Rs. 111.19 per share were bought from the market on August 12, 2022 and 10,000 shares @ Rs. 111.19 per share were bought from the market on August 12, 2022 through CDC.

International Industries Limited is Pakistan’s largest manufacturer of steel pipes & tubes, stainless steel tubes and polymer pipes & fittings with an annual manufacturing capacity of 817,000 tons and annual revenues of almost PKR 18.9 billion.

The Company is engaged in the business of manufacturing and marketing of galvanized steel pipes, precision steel tubes, API line pipes, polymer pipes & fittings.

The Company has quoted total number of shares on Pakistan Stock Exchange Limited that are 131,881,860. The Earnings per shares is (5.26) in 2020 which was 11.94 in 2019. The Profit After Taxation in 2020 is (694,205,000) which was 1,574,713,000 in 2019.

Financial results of Highnoon Laboratories Limited for Quarter ended June 30, 2022

Karachi, Highnoon Laboratories Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 15, 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. 559,651,476 and Rs. 583,645,715 with earnings per share 13.36 and 13.36 basic and diluted respectively.

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

Highnoon Laboratories Limited was incorporated in Pakistan. The Company is principally engaged in the manufacture, import, sale and marketing of pharmaceutical and allied consumer products.

The total numbers of shares are 38,076,441. The Earnings per share is 41.01 in 2020 which was 28.05 in 2019. The Profit after Taxation is 1,420,736,000 in 2020 which was 971,013,000 in 2019.

Financial results of Askari General Insurance Company Limited for Quarter ended June 30, 2022

Karachi, Askari General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 15, 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. 76,344 and Rs. 76,739 with earnings per share 1.20 and 1.20 basic and diluted respectively.

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

Askari General Insurance Company Limited was incorporated in 1995. It is a Public Limited Company, registered and supervised by Securities and Exchange Commission of Pakistan. The shares of the company are quoted on Pakistan Stock Exchange with the symbol “AGIC” used for the shares of the company.

The Company is engaged in non-life insurance business comprising of fire, marine, motor, health, miscellaneous, and has a subsidiary of Army Welfare Trust.

The total number of shares company has issued so far are 71,901,898. Earning Per Share is 5.50 in 2020 which was 5.03 in 2019. The Net Profit Margin percentage has increased in 2020 and is 21.24% which was 17.95 % in 2019.