Daily Archives: January 12, 2018

Board of directors meeting of Khairpur Sugar Mills Limited

Karachi, Khairpur Sugar Mills Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 18, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended September 30, 2017.

Further, the company has declared the closed period from January 11, 2018 to January 18, 2018.
Khairpur Sugar Mills Limited was incorporated on August 23, 1989 as a public limited company under Companies Ordinance and the plant is located in KotDiji area of Khairpur District, Sindh, Pakistan

Khairpur Sugar Mills Limited has been manufactured under licience by Fives Call Babcock (FCB) of France. Trial production began on 17 January, 1994 and commercial operation started on 01 March, 1995. The Management decided to upgrade the plant in 2008 to a proposed capacity of 7,000 metric tons daily. The up gradation was completed in 201. Khairpur Sugar Mills Limited also facilitates the local area Cane Growers in the form of seeds and fertilizer subsidy. Khairpur Sugar Mills Limited is also a listed company with Pakistan Stock Exchange Limited (Formerly Karachi Stock Exchange Limited).

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

Board of directors meeting of Hinopak Motors Limited

Karachi, Hinopak Motors Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 19, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended December31, 2017.

Further, the company has declared the closed period from January 12, 2018 to January 19, 2018.
Hinopak Motors Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is assembly, manufacture and sale of Hino buses and trucks. The company also sells buses and trucks in the international market. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi.

The company is a subsidiary of Hino Motors Limited Japan and the ultimate parent of the company is Toyota Motors Corporation Japan. In 1998, Hino Motors Limited and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding sponsors. It has over 50% share in the Pakistani Truck and Bus industry.

The symbol “HINO” is being used by the stock exchanges for the shares of Hinopak Motors Limited.

Board of directors meeting of Attock Petroleum Limited

Karachi, Attock Petroleum Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 24, 2018 at Rawalpindi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December31, 2017.

Further, the company has declared the closed period from January 15, 2018 to January 24, 2018.
Attock Petroleum Limited was incorporated in Pakistan as a public limited company on December 3, 1995. The company commenced its operations in 1998. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is procurement, storage and marketing of petroleum and related products. Pharon Investment Group Limited is the holding company and it holds 34.38% of the company. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Rawalpindi.

The symbol “APL” is being used by the stock Exchange for the shares of Attock Petroleum Limited.

Lahore Chamber of Commerce and Industry for effective forest management system

Lahore, January 12, 2018 (PPI-OT):Pakistan’s poor international ranking in under forest area is causing massive economic and environmental damage to the country therefore this should be taken very seriously. Government would have to make forest management system effective as importance of forests cannot be underestimated.

In a statement, the LCCI President Malik Tahir Javaid and Vice President Zeeshan Khalil said that Pakistan ranked 79 with around 1% area under forest while Russia and India stand first and 10th position respectively with over 49% and 23%.

They said that deforestation in Pakistan seems small but actually is a big issue as it not only leaving adverse impact on the environment but is also hitting the economy hard. Government, private sector and all segments of society should join hands to tackle the issue of shrinking forests in Pakistan.

They said that forests are not only safeguarding biodiversity and acting as a shield against climate changes but are also equally important for the economic safety of the country. They said that wood production, processing and the pulp and paper industries accounts over one percent of the global gross domestic product.

The LCCI office-bearers said that forests also resist against devastating floods besides being a major source of fresh water, medicine, shelter and employment for the people. They said that forestation is one of the most neglected areas and there is a dire need to make joint efforts to protect and enhance forests through public-private partnership.

“We have to recognize that forestry is an integral feature of sustainable economic development. It should be the focus policy corridors for generating new economic opportunities”, the LCCI office-bearers said adding that by developing forestry as a commercially viable sector, the country can make the agriculture sector stable and valuable for economy.

They said that considering the available facts and figures, the potential for new investment in forestry is very much significant. Currently, local industry such as paper and furniture is experiencing serious supply-shocks which are not only impeding their further growth and but also slashing their international competitiveness.

They said that government should make long-term arrangements for attracting large investment and also provide incentives for advanced forest management technologies. They said that all city-district governments should earmark certain percentage of land in their areas for forestation.

The LCCI office-bearers said that timely policy-response, investment and coordinated efforts from the key stakeholders are required to improve the situation. They proposed that Ministry of Environment should adopt a comprehensive forest development strategy to address the production and conservation needs in close consultation with the private sector and scientific community.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

ICCI felicitates newly elected office bears of TWA Super Market

Islamabad, January 12, 2018 (PPI-OT):A delegation of Islamabad Chamber of Commerce and Industry led by its President Sheikh Amir Waheed visited F-6, Islamabad and congratulated the newly elected President Shehzad Shabbir Abbasi, Muhammad Hussain General Secretary, Ahmed Mughal and other office bearers of Traders Welfare Association of Super Market.

Speaking at the occasion, Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry said that Super Market was located in a posh area of Islamabad where foreign diplomats, foreign nationals and other high profile dignitaries frequently visited for shopping.

He stressed upon the CDA to focus on resolving the key issues of Super Market including provision of filtration plant, restoration of all street lights and redesigning of car parking for expansion as well as its re-carpeting to facilitate the visitors. He assured the newly elected office bearers of TWA Super Market that ICCI would fully cooperate with the Association in its endeavours aimed at better development of the market and bringing it at par with well-developed markets of the region.

Muhammad Naveed Senior Vice President, Nisar Mirza Vice President, Islamabad Chamber of Commerce and Industry and Khalid Javed Chairman Founder Group also congratulated the newly elected office bearers of Super Market TWA. They said the 2nd consecutive victory of the office bearers was proved of the fact that the traders of the area were satisfied with their good performance. They hoped that the newly elected office bearers would render more effective services for the traders of the area and for the development of Super Market on modern lines to make it a role model for other markets.

In his welcome address, Muhammad Hussain, General Secretary, Traders Welfare Association, Super Market, Islamabad thanked the ICCI delegation for visiting their market to congratulate the newly elected office bearers, which was a source of encouragement for them. Highlighting the key issues of Super Market, he said there was no filtration plant in the market due to which the traders and residents of the area were deprived of clean drinking water.

He said current car parking has become insufficient and urged that CDA should redesign the parking to expand it and arrange its re-carpeting. He said CDA should restore all street lights in Super Market to curb the incidents of thefts and other problems. He assured that TWA Super Market would fully support ICCI in its efforts for resolving the key issues of the local business community.

Muhammad Naveed Senior Vice President, Nisar Mirza Vice President ICCI, Khalid Javed Chairman Founder Group, Mian Akram Farid, Tariq Sadiq, Muhammad Ijaz Abbasi, Baser Daud, Ch. Abdul Ghaffar, Tahir Ayub, Sh. Abdul Waheed, Khalid Chaudhry, Saeed Ahmed Bhatti, Shiraz Siddiqui, Musharraf Janjua, Rashid Yumayun, Izzat Bakhsh, Raja Abdul Majeed, Syed Adil Anis, Abbas Hashmi, Ashfaq Chatha, Muhammad Faheem and others were in ICCI delegation.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk

Lahore Chamber of Commerce and Industry for effective forest management system

Lahore, January 12, 2018 (PPI-OT):Pakistan’s poor international ranking in under forest area is causing massive economic and environmental damage to the country therefore this should be taken very seriously. Government would have to make forest management system effective as importance of forests cannot be underestimated.

In a statement, the LCCI President Malik Tahir Javaid and Vice President Zeeshan Khalil said that Pakistan ranked 79 with around 1% area under forest while Russia and India stand first and 10th position respectively with over 49% and 23%.

They said that deforestation in Pakistan seems small but actually is a big issue as it not only leaving adverse impact on the environment but is also hitting the economy hard. Government, private sector and all segments of society should join hands to tackle the issue of shrinking forests in Pakistan.

They said that forests are not only safeguarding biodiversity and acting as a shield against climate changes but are also equally important for the economic safety of the country. They said that wood production, processing and the pulp and paper industries accounts over one percent of the global gross domestic product.

The LCCI office-bearers said that forests also resist against devastating floods besides being a major source of fresh water, medicine, shelter and employment for the people. They said that forestation is one of the most neglected areas and there is a dire need to make joint efforts to protect and enhance forests through public-private partnership.

“We have to recognize that forestry is an integral feature of sustainable economic development. It should be the focus policy corridors for generating new economic opportunities”, the LCCI office-bearers said adding that by developing forestry as a commercially viable sector, the country can make the agriculture sector stable and valuable for economy.

They said that considering the available facts and figures, the potential for new investment in forestry is very much significant. Currently, local industry such as paper and furniture is experiencing serious supply-shocks which are not only impeding their further growth and but also slashing their international competitiveness.

They said that government should make long-term arrangements for attracting large investment and also provide incentives for advanced forest management technologies. They said that all city-district governments should earmark certain percentage of land in their areas for forestation.

The LCCI office-bearers said that timely policy-response, investment and coordinated efforts from the key stakeholders are required to improve the situation. They proposed that Ministry of Environment should adopt a comprehensive forest development strategy to address the production and conservation needs in close consultation with the private sector and scientific community.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk