Pakistan Company News

Annual general meeting of JS Investments Limited to be held on April 10, 2019

Karachi, JS Investments Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 10, 2019 at Karachi.

The agenda of the meeting will to receive, consider and adopt the separate and consolidated audited financial statements of the Company for the year ended December 31, 2018, together with the Directors and Auditors reports thereon and Chairman’s Review Report and to appoint Auditors of the Company and fix their remuneration.

Further, the closed period of the company is from April 03, 2019 to April 10, 2019 (both days inclusive).

JS Investments Limited is a public listed company incorporated in Pakistan on February 22, 1995. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a subsidiary of JS Bank Limited which has 52.24 percent direct holding in the company. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The company has obtained the license of an Investment Adviser and Asset Management Company under the Non-Banking Finance Companies Establishment and Regulation Rules, 2003 the NBFC Rules and the Non-Banking Finance Companies and Notified Entities Regulations, 2008.  In addition, the company has also obtained registration to act as Pension Fund Manager under the Voluntary Pension System Rules, 2005. It is an asset management company for Closed-End, JS Growth Fund and JS Value Fund Limited and Open-End, Unit Trust of Pakistan, JS Income Fund, JS Islamic Fund, JS Aggressive Asset Allocation Fund, JS Fund of Funds, JS KSE-30 Index Fund, JS Aggressive Income Fund, JS Cash Fund and JS Large Capital Fund. It is a pension fund manager for JS Pension Savings Fund and JS Islamic Pension Savings Fund.

The company is a member of Mutual Fund Association of Pakistan. The founding partners include INVESCO PLC formerly known as AMVESCAP PLC and International Finance Corporation the private sector arm of the World Bank Group. The company maintains sufficient risk management systems and controls to enable it to identify, assess, mitigate, control and monitor risks in best interest of unit holders of the Collective Investment Schemes.