Month: March 2023

Karachi, Engro Powergen Qadirpur Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 29, 2023 at Karachi.

“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”

Engro Powergen Qadirpur Limited is a public listed company, incorporated in Pakistan. The Company is a subsidiary of Engro Energy Limited, which is a wholly owned subsidiary of Engro Corporation Limited. Engro Corporation Limited is a subsidiary of Dawood Hercules Corporation Limited (the Ultimate Parent Company).

The Company was established with the primary objective to undertake the business of power generation and sale. Engro Energy Limited owns and operates Engro Powergen Qadirpur Limited, a 217 MW combined cycle power plant and the first green facility in Pakistan to utilize permeate gas for reduced carbon emissions. Under this project, a gas turbine of 127 MW (GE) and a steam turbine of 100 MW (GE) have been installed.

The total numbers of shares are 323,800,000. The Earnings per share is 6.42 in 2020 which was 10.51 in 2019. The Profit after Taxation is 2,109,320,000 in 2020 which was 3,402,682,000 in 2019.

Karachi, EFU Life Assurance Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 31, 2023 at Islamabad.

“Resolved that the minutes of the previous Annual General Meeting held on March 31, 2022, is unanimously approved by the shareholders.”

“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”

EFU Life Assurance Limited is a Public Limited company incorporated in Pakistan on August 9, 1992. The company is engaged in life insurance business which includes ordinary life business, pension fund business and accident and health business. It is a subsidiary of EFU General Insurance Ltd.

The Government of Pakistan reopened the life insurance business to the private sector organizations and EFU Life Assurance Ltd started operations in November 1992.

The Shares which the company has introduced are 100,000,001. The Earnings per shares of the company has increased in 2020 and is 17.84 which was 15.49 in 2019. Their Profit after Taxation is 1,784,150,000 in 2020 which was 1,549,264,000 in 2019.

Karachi, EFU Life Assurance Limited informed Pakistan Stock Exchange about transaction of shares of the company. 46,000 shares @ Rs. 199.51 per share were bought from the market on March 30, 2023 through CDC.

EFU Life Assurance Limited is a Public Limited company incorporated in Pakistan on August 9, 1992. The company is engaged in life insurance business which includes ordinary life business, pension fund business and accident and health business. It is a subsidiary of EFU General Insurance Ltd.

The Government of Pakistan reopened the life insurance business to the private sector organizations and EFU Life Assurance Ltd started operations in November 1992.

The Shares which the company has introduced are 100,000,001. The Earnings per shares of the company has increased in 2020 and is 17.84 which was 15.49 in 2019. Their Profit after Taxation is 1,784,150,000 in 2020 which was 1,549,264,000 in 2019.

Karachi, Netsol Technologies Limited informed Pakistan Stock Exchange about transaction of shares of the company. 110,000 shares @ Rs. 74.33 per share were bought from the market on March 30, 2023 through CDC.

NetSol Technologies Limited was incorporated in Pakistan on August 22, 1996 as a private company limited by shares, was later on converted into public limited company. Main business of the Company is development and sale of computer software and allied services in Pakistan as well as abroad.

The total numbers of shares are 89,836,923. The Earnings per share is 2.73 in 2020 which was 13.86 in 2019. The Profit after Taxation is 244,840,000 in 2020 which was 1,243,484,000 in 2019.

Karachi, Zephyr Textiles Limited informed Pakistan Stock Exchange that the Extraordinary General Meeting of the Company is scheduled to be held on April 13, 2023 at Lahore, to consider and If deemed fit, pass with or without modification, a resolution as Special Resolution, as proposed in the Statement of Material Facts, pursuant to the provisions of Section 208 and all other applicable provisions of the Companies Act, 2017 to ratify and approve the transaction of acquisition of land by the Company.

Resolved that pursuant to the requirements of Section 208 and all other applicable provisions of the Companies Act, 2017 and related rules and regulations made thereunder, approval and ratification of the members of Zephyr Textiles Limited the "Company") be and is hereby accorded and the Company be and is hereby authorized the acquisition of land comprising 46.29 acres valued at PKR 231.47 Million from Mr. Mussaid Hanif, Mr. Arbab Muhammad Khan, Ms. Sabah Buchan and Ms. Henna Hag related parties.

Further resolved that Further resolved that the Chief Executive Officer be and Is hereby singly empowered and authorized to take all steps and actions necessary, incidental and ancillary including execution of any and all documents and agreements as may be required in this regard and to do all acts, deeds and things, that may be considered for the purpose of implementing this resolution.

Zephyr Textiles Limited was incorporated in Pakistan on February 26, 1999 as a private limited Company. Subsequently on October 04, 2004 it was converted into a public limited Company. The Company is principally engaged in the manufacturing, dying and trading of woven cloth which also includes towels.

The total numbers of shares are 59,428,729. The Earnings per share is 0.93 in 2020 which was 1.98 in 2019. The Profit after Taxation is 55,072,000 in 2020 which was 117,838,000 in 2019.

Karachi, Salman Noman Enterprise Limited informed Pakistan Stock Exchange that the Board of Directors of the Company resolved that:

1. Mr. Muhammad Saeed, Company Secretary having CNIC No. 35404-1602430-3 is authorized to represent the company at Securities & Exchange Commission of Pakistan and its Company Registration Office. Mr. Noman Almas to sign off various forms/ documents and to do all needful acts in order to complete all procedural and legal formalities incidental and ancillary thereto.

2. Any and all actions of the authorized representative/nominated officer in pursuant to, or in furtherance of the intent and purposes of the foregoing resolution, are hereby in all respects adopted, approved, confirmed and ratified as the valid and subsisting acts of this company.

Salman Noman Enterprises Limited was incorporated in Pakistan on November 05, 1985 as a Public Limited Company. The principal business of the company is to manufacturing and sale of yarn. The Company had ceased its operations since February 2018.

The total number of shares are 4,467,036. The Earnings per share is (6.88) in 2020 which was (7.21) in 2019. The Company had a loss of Rs. 30,745,000 in 2020 which was (32,204,000) in 2019.

Karachi, Summit Bank Limited informed Pakistan Stock Exchange that the AGM of the shareholders of the Bank held on Thursday, March 30, 2023 at 12:00 pm at Serena Hotel, Islamabad has been adjourned and the aforesaid meeting shall now be held on Thursday, April 06, 2023. Moreover, the share transfer books of the Bank will be closed from April 03, 2023 to April 06, 2023 (both days inclusive).

In October 2007, Arif Habib Securities Limited under the Scheme of Amalgamation set by the State Bank of Pakistan acquired the Pakistan Operations of Rupali Bank Limited; hence forming Arif Habib Bank. In 31st March 2010, Suroor Investments Ltd, a Mauritius based investment firm, acquired 59.41% stake in Arif Habib Bank Ltd from Arif Habib Securities Ltd, and on the 18th of August 2010, Arif Habib Bank Ltd was rebranded as Summit Bank Ltd.

Summit Banks parent company, Suroor Investments Ltd, later acquired majority shares of MyBank Ltd and Atlas Bank Ltd in Pakistan. The operations of the later mentioned banks were then merged under the single umbrella of Summit Bank Ltd, thus expanding the Bank’s network to more than 193 Branches.

The company is listed on Pakistan Stock Exchange and the total numbers of shares of the Company are 2,638,151,060. The Earnings per shares of the Company was (3.32) in 2018 which was (0.86) in 2017. The company had a loss of Rs. 8,751,073,000 in 2018 compared to the loss of Rs. 1,939,850,000 in 2017.

Karachi, Habib Metropolitan Bank Limited informed Pakistan Stock Exchange that the resolution passed in annual general meeting of the company held on March 30, 2023 at Karachi.

“Resolved that the Annual Audited Accounts of the company for the year ended December 31, 2022 together with the Reports of the Independent Auditors, Chairman and Director’s review reports thereon be and are hereby approved and adopted.”

Habib Metropolitan Bank Limited was incorporated in Pakistan on 3 August 1992, as a public limited company and is engaged in commercial banking and related services. The Bank is a subsidiary of Habib Bank AG Zurich - Switzerland (the holding company with 51% shares in the Bank) which is incorporated in Switzerland.

Habib Metro Bank commenced its commercial-banking operations as Metropolitan Bank in October 1992 when the Bank merged with Habib Bank AG Zurich’s Pakistan operations. The merged entity was named Habib Metropolitan Bank Limited.

Habib Metro Bank currently operates with nationwide network of over 400 branches in more than 138 cities across Pakistan. Habib Metro offers retail, commercial, consumer and corporate banking solutions to its clientele, in addition to its expertise of trade finance. The Bank also of provides highly innovative e-Banking and Shariah-compliant Islamic Banking solutions.

The total numbers of shares of the Company are 1,047,831,480. The Earnings per share of the Company is 11.46 in 2020 which was 6.28 in 2019. Their Profit after Taxation is 12,008,196,000 in 2020 which was 6,583,481,000 in 2019.

Karachi, TPL Properties Limited informed Pakistan Stock Exchange about transaction of shares of the company. 3,050,000 shares @ Rs. 14.36 per share were sold in the market on March 29, 2023 and 3,050,000 shares @ Rs. 14.95 per share were bought from the market on March 29, 2023 through CDC.

TPL Properties Limited was incorporated in Pakistan as a private limited company on February 14, 2007. The principal activities of this real estate development company are to invest, purchase, develop, sell, lease or dispose of real estate assets primarily in the commercial and residential asset classes.

The registered office of the company is situated at Centrepoint building, off Shaheed-e-Millat Expressway near KPT Interchange, Karachi.

TPL Properties Limited successfully completed its initial public offering conducted through a Book Building process in June 2016.

The total numbers of shares are 327,393,105. The Earnings per share is 0.85 in 2020 which was 2.23 in 2019. The Profit after Taxation is 276,980,000 in 2020 which was 730,062,000 in 2019.