Day: May 8, 2023

Karachi, Alfalah Asset Management Limited has announced the daily distribution of Alfalah Islamic Rozana Amdani Fund (AIRAF) for unit holders whose names appeared in the unit holder register at the close of May 05, 2023. The Chief Executive on behalf of the Board of Directors of Alfalah Asset Management Limited has approved the distribution of a dividend of Re. 0.0519 per unit.

The distribution of the dividend has been credited to the bank accounts of the unit holders electronically. The announcement of the daily dividend distribution is a reflection of Alfalah Asset Management Limited's dedication to transparency and timely information dissemination to its investors.

Karachi, ALHAMRA DAILY DIVIDEND FUND (ALHDDF), managed by MCB Arif Habib Savings and Investments Limited, has announced a daily dividend distribution on May 7, 2023. The Chief Executive Officer of the company, on behalf of the Board of Directors, has approved the payout of Re. .0458 per unit to the unit holders whose names appeared in the unit holder register at the close of May 7, 2023.

The daily dividend distribution is part of the fund's investment strategy to provide regular income to its unit holders. The payout will be made to the unit holders on May 8, 2023, and will be credited directly to their respective accounts.

Karachi, EFU General Insurance Limited's independent director, Yasmin Hyder, has purchased 1000 shares of the company. The transaction was executed on May 5, 2023, at a rate of Rs. 87.00 per share. The purchase was made in CDC Ready form of share certificates.

As per the regulatory requirement of the Pakistan Stock Exchange, EFU General Insurance Limited has disclosed the transaction made by one of its directors, CEO, executives, their spouses, or substantial shareholders. T

The purchase of shares by Yasmin Hyder indicates her confidence in the company's performance and growth prospects. The market responded positively to the news, with the stock price of EFU General Insurance Limited increasing slightly after the disclosure.

Karachi, NBP Pakistan Growth ETF (NBPGETF) will rebalance its portfolio effective May 08, 2023, according to an announcement made by the company. The rebalancing is being done in accordance with the NBP Pakistan Growth Index, and the process will start on May 08, 2023.

As a result, dissemination of iNAV will be suspended during this time. The company has assured that it will inform the Exchange once the portfolio is rebalanced. The move is aimed at ensuring that NBPGETF's portfolio is aligned with the market conditions and the index it tracks.

Karachi, MCB Arif Habib Savings and Investments Limited, the management company of ALHAMRA DAILY DIVIDEND FUND (ALHDDF), has approved a daily dividend payout of Re. .0458 per unit for the unit holders whose names appeared in the unit holder register at the close of 07-MAY-23.

The announcement was made by the Chief Executive Officer of MCB Arif Habib Savings and Investments Limited on behalf of the Board of Directors. The daily dividend payout is part of the company's ongoing commitment to providing consistent returns to its unit holders.

Karachi, Engro Powergen Qadirpur Limited has announced that Ms. Fauzia Viqar has resigned from her position as a Director of the company, effective May 8, 2023.

According to the company, the Casual Vacancy arising from the resignation will be filled by the Board of Directors at a later date. No further details were provided regarding the reason for Ms. Viqar's resignation. Engro Powergen Qadirpur Limited is a subsidiary of Engro Energy Limited and is involved in the production of electricity through a gas-fired power plant in Qadirpur, Pakistan.

Karachi, Fauji Fertilizer Bin Qasim Limited has announced that its power supply from FFBL Power Company Limited (FPCL) has been discontinued due to a technical fault, which is expected to last for about four weeks.

The company will manage its operations through self-generated power and steam, using costlier fuel. While the outage will partially affect urea production depending on the volume of natural gas availability from SSGC, the DAP plant is operating normally.

No decision has been made to delay the disclosure of inside information, nor any disclosure of transactions conducted by persons discharging managerial responsibilities within the company or persons closely associated with them.

Karachi, AL Habib Asset Management Limited has approved an interim distribution of cash dividends for the year ending June 30, 2023. The Chief Executive Officer, under the authority of the Board of Directors, has approved the distribution for two funds: AL HABIB CASH FUND and AL HABIB ISLAMIC SAVINGS FUND.

The cash dividend for AL HABIB CASH FUND is Rs. 1.5658/- per unit and for AL HABIB ISLAMIC SAVINGS FUND, it is Rs. 1.4500/- per unit. The dividend will be paid to the unit holders whose name appeared in the register of unit holders on May 05, 2023.

Karachi, Faysal Bank Limited has announced that an urgent meeting of the Board of Directors will be held on May 11, 2023, at 11:00 AM in Karachi. The company has declared a "Closed Period" from May 8, 2023, to May 11, 2023, in accordance with Clause 5.6.l d) of PSX Regulations, during which no Director, CEO or Executive shall, directly or indirectly, deal in the shares of the Company in any manner.

The company has not provided any further details regarding the purpose of the meeting. However, it is expected that the Board will discuss matters of strategic importance to the bank and its stakeholders. The outcome of the meeting will be communicated to the Pakistan Stock Exchange as required by law.

Karachi, Packages Limited has announced that it will hold an Extraordinary General Meeting (EoGM) on May 29, 2023. The meeting, to be held at the company's headquarters, will address two main agenda items. The first is to confirm the minutes of the 68th Annual General Meeting held on April 28, 2023. The second is to elect 10 directors to the Board of Directors. The term of office of the elected directors will be three years, commencing from May 29, 2023.

The retiring directors who are eligible for re-election are Towfq Habib Chinoy, Syed Hyder Ali, Syed Shahid Ali, Hassan Askari, Syed Aslam Mehdi, Atif Aslam Bajwa, Saba Kamal, Tariq Iqbal Khan, Josef Meinrad Mueller, and Irfan Mustafa.

The company has announced that the share transfer books will remain closed from May 23, 2023, to May 29, 2023, both days inclusive. Shareholders of Packages Limited are requested to attend the meeting and take part in the election process. Any other business can also be transacted with the permission of the Chairman.

Karachi, Fateh Industries Limited has announced that a meeting of the Board of Directors will be held on May 15, 2023, at Hyderabad. The purpose of the meeting is to consider the election of directors and to fix the date of Extraordinary General Meeting (EOGM) along with the number of directors to be elected.

As per the PSX Regulations, the company has declared a "Closed Period" from May 08, 2023, to May 15, 2023. During this period, no Director, CEO or Executive is allowed to deal directly or indirectly in the shares of the company in any manner.

This news has been received positively by the investors of Fateh Industries Limited, who are keen to know the outcome of the Board Meeting. The shareholders are also eagerly waiting to know the date of the EOGM and the number of directors to be elected, as this will give them clarity on the future direction of the company.