More Efficient Customs Clearance and More Preferential Policies — Cross-border Trade Quality of Guangxi Improved and Upgraded

NANNING, China, March 14, 2023 /Xinhua-AsiaNet/– Right now, at the Youyiguan Port in Pingxiang City, Guangxi, trucks loaded with goods are crossing the China-Vietnam border. With the optimization and adjustment of entry-exit policies this year, this major trade corridor linking China to ASEAN and the rest of the world has returned to its previous bustling and vibrant atmosphere.

Due to climate differences, fruits from ASEAN countries such as Vietnam and Thailand ripen earlier, and for China, March is the peak season for fruit imports. Fruits are perishable goods, posing high requirements on logistics transportation, warehousing and customs clearance. According to Huang Feifei, the chief of Youyiguan Customs Supervision Section I, “While administering strict inspections, the Customs also implements measures such as ‘green channels’ for imported fruits, ‘7*24 hours’ pre-booked clearance, and rapid laboratory testing, which substantially shorten customs clearance time for ASEAN fruit imports.”

In recent years, Guangxi has vigorously supported the infrastructure construction of key border ports, including more inspection checkpoints and larger cargo transfer sites. At the Youyiguan Port, it only takes around a minute or even less for trucks to pass through the checkpoint. According to Xia Gaofeng, Director of Chongzuo Foreign Affairs and Commercial Port Bureau, “We have implemented a series of reform measures such as one-stop customs clearance, fully information-based intelligent customs clearance, ‘advance review and clearance of import and export goods, and checkpoint inspection and release’, resulting in a significant reduction of time for vehicle customs clearance.”

The improvement of customs clearance efficiency has genuinely unleashed the potentials of the port, while Guangxi’s border financial reform has provided great convenience for cross-border trade. In the China (Dongxing Pilot Zone) ASEAN Currency Business Center, just a few steps away from Dongxing Port, a giant electronic screen displays the official exchange rate of RMB to VDN. Today, the area has realized the currency exchange between RMB and VDN using direct quote.

Financial reform along the border has benefited the people of both China and Vietnam, and cross-border trade has become more prosperous. In recent years, financial institutions such as Bank of Guilin have successively carried out cross-border transfer of RMB and VDN banknotes, and cross-border finance has gradually expanded from merely a transaction settlement business to multiple fields.

Wang Yunxiao, Vice President of Guilin Bank said, “We have also launched special border prospering and enriching financing products such as ‘Huibian Loan’, ‘Hushi Loan’ and ‘Bianyi Loan’ to meet the financial needs of border residents engaged in cross-border trade, enterprises engaged in processing of imported materials, and purchasers.”

Guangxi’s excellent border infrastructure is a guarantee for the rapid recovery of cross-border trade. The upgrading of border power grid has led to a leap in power supply capacity; the acceleration of the construction of border communication infrastructure has basically realized 4G network coverage; the constantly improving highway network, and the increasingly smoother logistics channels, and the like. The infrastructure of Guangxi’s border has been veritably enhanced due to the concerted efforts of multiple parties.

According to Wu Xiaohui, Executive Deputy Director of the Chongzuo District Management Committee of China (Guangxi) Pilot Free Trade Zone, Pingxiang has 13 cross-border railway trains and 22 cross-border highway logistics lines, capable of reaching more than 20 major hub cities in ASEAN countries, with logistics network covering the Indo-China Peninsula.

In order to facilitate investment, trade, cross-border capitals, and transportation, the People’s Government of Guangxi Zhuang Autonomous Region recently issued a multi-pronged plan to further promote the deepening of reforms and advance opening-up efforts.

Bai Lan, the Full-time Deputy Director of the Office of China (Guangxi) Pilot Free Trade Zone, introduced that the plan calls for the Guangxi Free Trade Zone to fully implement the pre-establishment national treatment plus negative management system list, and establish an operational and post-operational supervision management system that is compatible with the negative list management method, while promoting the opening-up of telecommunications, the Internet, education and other fields in an orderly manner, as well as the vigorously development of new forms and models of foreign trade such as cross-border e-commerce, offshore trade, and digital trade.

In addition, in terms of open development and exploration and innovation, the China (Guangxi) Pilot Free Trade Zone will hasten the exploration of institutional opening-up, create a Regional Comprehensive Economic Partnership Agreement (RCEP) demonstration projects cluster implemented as per high standards, benchmark against the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) rules, and carry out pilot trials and risk stress tests in key areas such as trade in services, financial opening, and digital economy.

Source: The Management Committee of China (Guangxi) Pilot Free Trade Zone

Transmission of Quarterly Report for the Period Ended December 31, 2022 of Oilboy Energy Limited

Karachi, Oilboy Energy Limited informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

Drekkar Kingsway Limited was registered on June 28, 1993 as Private Limited Company and was subsequently converted into Public Limited Company as on June 29, 1994. The principal activity of the company was manufacturing of all type of electrical appliances, cosmetics, toiletries, leather goods, machinery, components and parts.

In 1996, the company sold its plant and machinery. The company is currently engaged in making equity investments in undervalued profitable situations.

The total numbers of shares are 10,000,000. The (0.68) in 2020 which was (0.07) in 2019. The Company had a loss of Rs. 6,809,000 in 2020 which was 716,000 in 2019.

Transmission of Quarterly Report for the Period Ended December 31, 2022 of Modaraba Al-Mali

Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange that Quarterly Report of the Company for the period ended December 31, 2022 have been transmitted through PUCARS and is also available on Company’s website.

Modaraba Al-Mali is a multipurpose and perpetual Modaraba floated in Pakistan on July 8, 1987 and is managed by BankIslami Modaraba Investments Limited. The Modaraba is engaged in the business of leasing, Murabaha, Musharaka financing, operation of petrol and diesel filling/service station. The Modaraba is listed at Pakistan Stock Exchange.

The total number of shares are 18,423,945. The Earnings per share is 1.01 in 2020 which was 0.43 in 2019. The Profit after taxation is 18,607,000 in 2020 which was 7,965,000 in 2019.

Transaction of 275,500 shares of Panther Tyres Limited

Karachi, Panther Tyres Limited informed Pakistan Stock Exchange about transaction of shares of the company. 82,000 shares @ Rs. 16.76 per share were bought from the market on March 09, 2023, 79,000 shares @ Rs. 17.35 per share were bought from the market on March 10, 2023 and 114,500 shares @ Rs. 18.08 per share were bought from the market on March 13, 2023 through CDC.

Panther Tyres Limited is in the tyres and tubes industry of Pakistan. Apart from its main business, the Company has also ventured into trading business of automobile spare parts and lubricants.

The total numbers of shares are 140,000,000. The Earnings per share is 7.06 in 2021 which was 2.50 in 2020. The Profit after taxation is 851,262,000 in 2021 which was 251,827,000 in 2020.

Transaction of 5,500 shares of Bunny’s Limited

Karachi, Bunny’s Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5,500 shares @ Rs. 19.47 per share were bought from the market on March 13, 2023 through CDC.

Bunny’s Limited was incorporated in Pakistan as a private limited company on October 22, 1980, and was later converted into Public Limited Company. The company is principally engaged in manufacturing of bakery and other food products.

The total numbers of shares are 66,805,269. The Earnings per share is 2.49 in 2020 which was 2.19 in 2019. The Profit after taxation is 127,802,000 in 2020 which was 112,376,000 in 2019.

Corporate Briefing Session of Pervez Ahmed Consultant Services limited

Karachi, Pervez Ahmed Consultant Services limited informed Pakistan Stock Exchange that Corporate Briefing Session of the Company will be held on March 21, 2023 through video link, to brief the investors/analysts about Company Financial Performance and Outlook for the year ended June 30, 2022.

Further, interested participants/analysts are requested to mention their name email address, cell number and name of institution they represent in an email to ds@dsgpk.com.

Interested participants are requested to please confirm their participants through email ds@dsgpk.com latest by March 20, 2023.

Pervez Ahmed Consultant Services limited is an investment company/brokerage firm. The company got listed on the Karachi stock exchange on 25 April 2007. The company’s principal activities include Equity Investments, Securities Brokerage, Underwriting, Corporate Finance and Research.

The symbol “PASL” is being used by the stock exchanges for the shares of Pervez Ahmed Securities limited.

Board Meeting in Progress of Haleon Pakistan Limited

Karachi, Haleon Pakistan Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on March 14, 2023 at Karachi to consider Financial Statements for the period ended December 31, 2022 is in progress.

Haleon Pakistan Limited formerly known as “GlaxoSmithKline Pakistan Limited” was created January 1st, 2001 through the merger of SmithKline and French of Pakistan Limited, Beecham Pakistan (Private) Limited and Glaxo Welcome (Pakistan) Limited and stands today as a pharmaceutical company in Pakistan.

GlaxoSmithKline Pakistan Limited is incorporated in Pakistan as a limited liability company and. It is engaged in manufacturing and marketing of research based ethical specialties and pharmaceutical products. The Company is a subsidiary of S.R. One International B.V., incorporated in Netherlands, whereas its ultimate parent company is GlaxoSmithKline Plc, UK (GSK Plc). GSK Pakistan operates mainly in two industry segments: Pharmaceuticals and consumer healthcare.

The share of the Company are 318,467,278. The Earnings per shares of the company is 10.60 in 2020 which was 9.55 in 2019. The profit after taxation is Rs. 3,375,240,000 in 2020 which was 3,041,123,000 in 2019.

Board of directors meeting Rescheduled of Ghani Chemical Industries Limited

Karachi, Ghani Chemical Industries Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on March 15, 2023 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December 31, 2022 for declaration of any entitlement has been rescheduled on March 22, 2023.

Ghani Chemical Industries Limited was incorporated in Pakistan as a private limited company on November 23, 2015 and was converted into a public limited company on April 20, 2017. The Company is principally engaged in manufacturing, sale and trading of medical & industrial gases and chemicals. Ghani Chemicals planning to set up a state-of-the-art chemical plant in Phool Nagar Distt. Kasur

Transaction of 7,000 shares of The Hub Power Company Limited

Karachi, The Hub Power Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 500 shares @ Rs. 72.20 per share were bought from the market on March 07, 2023, 297 shares @ Rs. 72.25 per share were bought from the market on March 07, 2023, 252 shares @ Rs. 72.25 per share were bought from the market on March 07, 2023, 5,000 shares @ Rs. 72.29 per share were bought from the market on March 07, 2023 and 951 shares @ Rs. 72.30 per share were bought from the market on March 07, 2023 through CDC.

The Hub Power Company Limited was incorporated in Pakistan on August 1, 1991 as a public limited company. The principal activities of the Company are to develop, own, operate and maintain power stations. The Company owns an oil-fired power station of 1,200 MW in Baluchistan (Hub plant). Narowal Plant is also an RFO-fired, engine based, combined cycle power station, located at Mouza Poong, Narowal in Punjab.

The Company also holds 75% controlling interest in Laraib Energy Limited, which is a run off the river hydel power plant downstream of Mangla Dam in Azad Jammu and Kashmir. The joint-venture with China Power International Holdings (CPIH), a 1320MW imported coal-based power plant, China Power Hub Generation Company Limited (CPHGC) has started its commercial operations providing energy to over 4 million households.

The total numbers of shares are 1,297,154,400. The Earnings per shares of the Company is 7.84 in 2020 which was 6.70 in 2019. Their Profit after Taxation is 10,166,739,000 in 2020 which was 8,036,981,000 in 2019.

Addendum of Extraordinary General Meeting of Reliance Cotton Spinning Mills Limited

Karachi, Reliance Cotton Spinning Mills Limited informed Pakistan Stock Exchange that the Extraordinary General Meeting pursuant to Companies (Postal Ballot), members will be allowed to exercise their right to vote through postal mode, in accordance with the requirements and procedure contained in the aforesaid Regulations.

Reliance Cotton Spinning Mills Limited was incorporated in Pakistan on June 13, 1990 as a public limited company. The principal activity of the Company is manufacturing and sale of yarn.

Reliance cotton spinning mills ltd. Sapphire group had installed the Latest Machinery with capacity to produces Premium quality yarn from 6 Ne to 80 Ne (single & double), plied, Slubs, mélanges, blends and variety of other yarns from Special Fibers.

The total numbers of shares are 10,292,000. The Earnings per share is 26.64 in 2020 which was 37.96 in 2019. The Profit after Taxation is 274,182,000 in 2020 which was 390,682,000 in 2019.

Transaction of 9,500 shares of Feroze 1888 Mills Limited

Karachi, Feroze 1888 Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000 shares @ Rs. 62.41 per share were bought from the market on March 07, 2023, 4,000 shares @ Rs. 62.94 per share were bought from the market on March 08, 2023, 1,500 shares @ Rs. 63.16 per share were bought from the market on March 09, 2023 and 3,000 shares @ Rs. 62.30per share were bought from the market on March 13, 2023 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.

Transaction of 176,000 shares of Ghani Chemical Industries Limited

Karachi, Ghani Chemical Industries Limited informed Pakistan Stock Exchange about transaction of shares of the company.8,000 shares @ Rs. 7.48 per share were bought from the market on March 10, 2023 and 168,000 shares @ Rs. 8.68 per share were bought from the market on March 13, 2023 through CDC.

Ghani Chemical Industries Limited was incorporated in Pakistan as a private limited company on November 23, 2015 and was converted into a public limited company on April 20, 2017. The Company is principally engaged in manufacturing, sale and trading of medical & industrial gases and chemicals. Ghani Chemicals planning to set up a state-of-the-art chemical plant in Phool Nagar Distt. Kasur