Category: Board Meetings

Karachi, Modaraba Al-Mali informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 16, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

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.

Karachi, AGP Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 26, 2021 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 19, 2021 to August 26, 2021.

“AGP Limited (AGP) began its commercial operations in 1989 as an independent pharmaceutical manufacturing company in Karachi, Pakistan. It has steadily grown through manufacturing and marketing products under licensing arrangements with many companies of international repute and also through manufacturing and marketing its own brands. Today, it is one of the largest pharmaceutical companies in Pakistan, providing a broad range of pharmaceutical products. The determination to upgrade the pharmaceutical resources of Pakistan and improvement of the quality of life of a common man was the key motivating factors in the inception of AGP.

The operations of AGP include manufacturing, marketing and sales of pharmaceuticals and healthcare products in the domestic and export market. The delivery of AGP’s products, across the country, is managed by one of the largest and state of art pharmaceutical distribution set ups in Pakistan.”

Karachi, The Bank of Punjab informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 27, 2021 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 27, 2021.

“The Bank of Punjab constituted pursuant to The Bank of Punjab Act, 1989. It acquired the status of a scheduled bank on September 19, 1994 awarded by the State Bank of Pakistan. The registered office of the bank is located in Lahore along with a growing number of 306 branches. Majority shares of the bank are held by the Government of Punjab. The bank is listed on Karachi, Lahore and Islamabad stock exchanges. `

The bank has also acquired the permission for commencement of Islamic Banking Operations by the State Bank of Pakistan. The products of the bank include Islamic banking, retail banking, retail finance, payment services, corporate banking and commercial banking.

The symbol “BOP” is being used by the stock exchanges for the shares of The Bank of Punjab.”

Karachi, Mari Petroleum Company Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 26, 2021 at Islamabad. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 10, 2021 to August 26, 2021.

“Mari Gas Field was originally owned by Pakistan Stanvac Petroleum Project, a joint venture formed in 1954 between Government of Pakistan and M/s Esso Eastern Incorporated, having 49% and 51% ownership interest, respectively. The first gas discovery was made by the Joint Venture in 1957 when the first well in lower Kirthar ‘Zone-B’ Limestone Formation was drilled. Production from the field started in 1967. In 1983, M/s Esso Eastern transferred its entire share to Fauji Foundation, which set up a public limited company for the purpose of acquiring the assets and liabilities of the Project.

In 2001, the Company expanded its operations and entered into exploration business. The Company is now a major player in the Country’s oil and gas exploration and production sector operating eleven exploration and production assets (two D&P leases and nine operated blocks) and has partnership with leading national and international E&P companies in six non-operated blocks.

To reflect its diversified business operations and expanded activities, the name of the Company was changed from “Mari Gas Company Limited” to “Mari Petroleum Company Limited” (MPCL) in November 2012.”

Karachi, EFG Hermes Pakistan Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 25, 2021 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 25, 2021.

EFG Hermes Pakistan Limited provides financial brokerage, corporate finance, and financial research services in Pakistan. Its financial brokerage activities comprise the operation of online trading and portfolio management facilities; and provision of commodities trading services. The company’s corporate finance services include arranging and advising on debt and equity issues, such as private placements and public listing; underwriting of equity and debt issues; lease and debt syndications; corporate restructuring; mergers and acquisitions; and divestitures for corporate sector clients, government entities, and private investors. Its financial research services comprise research on economy, sectors, and companies to assist institutional and retail clients in taking equity investment decisions. The company was formerly known as Invest and Finance Securities Limited and changed its name to EFG Hermes Pakistan Limited in May 2017. EFG Hermes Pakistan Limited was incorporated in 1999 and is headquartered in Karachi, Pakistan.

Karachi, Askari Life Assurance Company Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 25, 2021 via Video Conferencing. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 25, 2021.

Askari Life Assurance Company Limited, formerly East West Life Assurance Company Limited, is a Pakistan-based company, which is engaged in life and health insurance business. The Company extends individual life insurance, and group or corporate life, accidental and health insurance to companies across Pakistan. Its segments are ordinary life, universal life, and accident and health. Its ordinary life segment provides life assurance coverage to individuals under conventional policies issued by the Company, and members of business enterprises, and corporate entities under life insurance schemes issued by the Company. Its universal life segment provides life assurance coverage to individuals under universal life policies issued by the Company. Its accident and health segment provides health coverage to individuals members of enterprises, corporate entities and common interest groups under health insurance schemes. Its products include individual life and accident insurance plans.

Karachi, Abbott Laboratories Pakistan Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 26, 2021 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 17, 2021 to August 26, 2021.

“Abbott Laboratories Limited is a public limited company. It was incorporated in Pakistan on July 2, 1948. Abbott started operations in Pakistan as a marketing affiliate in 1948. The company is engaged in the manufacturing, importing and marketing of research based pharmaceutical, nutritional, diagnostic, diabetic care, molecular devices, and hospital and consumer products. The company also provides toll manufacturing services. 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 Karachi.

Abbott Pakistan is part of the global healthcare corporation of Abbott Laboratories, Chicago, USA. It has over 70,000 employees worldwide and a global presence in more than 130 countries. It has a work force of over 1500 employees. Besides this the company has two manufacturing facilities located at Landhi and Korangi in Karachi.

The symbol “ABOT” is being used by the stock exchanges for the shares of Abbott Laboratories Limited.”

Karachi, Sakrand Sugar Mills Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 25, 2021 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2021.

Further, the company has declared the closed period from August 18, 2021 to August 25, 2021.

“Sakrand Sugar Mills Limited is a company incorporated in Pakistan as a Public Limited Company on March 2, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the company includes manufacture and sale of sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The mill is located at Deh Tharo Unar, District Shaheed Benazir Abad, Sindh, Pakistan. The sugar plant has a crushing capacity of 6,500 metric tons of sugarcane per day. The registered office of the company is located in Karachi.

The symbol “SKRS” is being used by the stock exchanges for the shares of Sakrand Sugar Mills Limited.”

Karachi, Agriauto Industries Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 26, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 18, 2021 to August 26, 2021.

“Agriauto Industries Limited is a company incorporated in Pakistan on June 25, 1981 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of components for automotive vehicles, motor cycles and agricultural tractors. The stocks of the company are listed on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located at Karachi.

Quality control is maintained at all stages of manufacturing. The company follows international standards i.e. B.S.S., S.A.E, ASTM, JIS, ISO & TS-16949, as the basis of quality control program. Agriauto is a part of the prestigious House of Habib Group.

The symbol “AGIL” is being used by the stock exchanges for the shares of Agriauto Industries Limited.”

Karachi, Pak Elektron Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 26, 2021 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 20, 2021 to August 26, 2021.

“Pak Elektron Limited was incorporated in Pakistan on March 03, 1956 as a public limited company. The foundations of the company are developed under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. It is currently organized into two main operating divisions the power division and appliances division. 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 at Lahore.

The activities of the company in the power division include manufacturing and distribution of transformers, switchgears, energy meters, power transformers, construction of grid stations and electrification works. The appliance division is associated with manufacturing, assembling and distribution of refrigerators, air conditioners, microwave ovens, televisions, generators and washing machines.

The symbol “PAEL” is being used by the stock exchanges for the shares of Pak Elektron Limited.”

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange that 208th Board of Directors Meeting of the Company scheduled on August 25, 2021 has been postponed.

“Fauji Fertilizer Company Limited is a public company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizer, chemical, other manufacturing, and energy generation and banking operations. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Rawalpindi and it is domiciled there.

Associated companies of the group are FFC Energy Limited, Fauji Fertilizer Bin Qasim Limited, Askari Bank Limited and Al-Hamd Foods Limited.

The symbol “FFC” is being used by the stock exchanges for the shares of Fauji Fertilizer Company Limited.”

Karachi, KSB Pumps Company Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on August 24, 2021 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 18, 2021 to August 24, 2021.

“KSB Pumps Company Limited is part of the globally operating KSB Group. The company incorporated in Pakistan since 1959 and since then it is known for providing services and consultancy in manufacturing pumps, valves and systems for industrial services, energy and water along with waste water applications. KSB manufactures special pumps, design and production of bespoke systems. The Head office of the company is located in Lahore. The manufacturing facility of the company is located at Hassanabdal along with sale houses in Lahore, Karachi, Multan, Rawalpindi, Khyber Pakhtunkhwa and Quetta. The company is listed on the Karachi and Lahore Stock Exchanges.

The product range of the company includes brand pumps, valves, systems and other accessories. The trademarks which the company has includes SISTO diaphragm valve, GIW slurry pumps, MIL control valves, KSB ITUR pumps, Ajax pumps and KAGEMA pumps, control cabinets and emergency power generators.

The symbol “KSBP” is being used by the stock exchanges for the shares of KSB Pumps Company Limited.”