Daily Archives: August 29, 2018

Board Meeting of ABL Asset Management Company Limited

Karachi, ABL Asset Management Company Limited informed Pakistan Stock Exchange that the 56th meeting of the Board of Directors of the Company will be held on September 06, 2018 at Lahore to consider and approve the account (audited) for the year/period ended June 30, 2018 of the funds under its managements.

ABL Asset Management Company Limited (ABL AMC) is a wholly owned subsidiary of Allied Bank Limited (ABL) with a paid up capital of Rs.500 Million. ABL Asset Management Company is licensed to undertake asset management and investment advisory services and aims to set the highest industry standards for integrity and quality of service through professional fund management of Mutual Funds. Allied Bank Limited, the parent concern of ABL AMC, is one of the oldest banks in Pakistan established in 1942 and privatized in 2004.

Since then ABL has come a long way in offering various technology based products and services, including real-time banking to its diversified clientele through its network of more than 800 online branches and 500 plus ATMs across Pakistan.

Board of directors meeting of National Foods Limited

Karachi, National Foods Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 06, 2018 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from August 30, 2018 to September 06, 2018.

National Foods Limited was incorporated in Pakistan on February 19, 1970 as a private limited company and began its operations as a spice company On March 30, 1988 the company was converted to a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacture and sale of convenience based food products. 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 Karachi.

The symbol “NATF” is being used by the stock exchanges for the shares of National Foods Limited.

Board of directors meeting of Oil and Gas Development Company Limited

Karachi, Oil and Gas Development Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 07, 2018 at Islamabad. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from August 30, 2018 to September 07, 2018.

Oil and Gas Development Company Limited was incorporated in Pakistan on October 23, 1997 under the Companies Ordinance, 1984. The operations of the company include exploration, drilling operation, process and plants production, reservoir management, engineering support and commercials. The registered office of the company is located in Islamabad. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The global depositor’s shares of the company are listed on the London Stock Exchange.

The company has oil and gas fields located in all the four provinces of Pakistan. The equipment and operational base of the company include drilling rigs, work over rigs, geological field party, seismic parties, engineering field parties, gas gathering and pipeline construction party, seismic data processing centre, geological analysis laboratory, wire line logging unit, cementing units and data logging unit.

The associated company of OGDCL is Mari Petroleum Company Limited. The membership of the company is of Petroleum Institute of Pakistan, Pakistan Petroleum Exploration and Production Companies Association, Management Association of Pakistan, Society of Petroleum Engineers, Pakistan Association of Petroleum Geoscientist, World Wild Fund and World Energy Council.

The symbol “OGDC” is being used by the stock exchange for the shares of Oil and Gas Development Company Limited.

Board of directors meeting of Habib-ADM Limited

Karachi, Habib-ADM Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 05, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from August 29, 2018 to September 05, 2018.

Habib-ADM Limited is a company incorporated in Pakistan. It produces and markets a wide range of rice based starch sugars, protein concentrates, and derivatives. The head office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The product range of the company include rice syrup, rice syrup 95 DE, rice syrup solid, maltrodextrins, high maltose rice syrup, soluble rice fibre, rice protein concentrate, high fructose rice syrup 42, rice sorbitol syrup and rice maltitol syrup. The starch sugars include Clarified Rice Syrups, Brown Rice Syrups, High Fructose Syrup, Rice Syrup Solids, Maltitol Syrup, Sorbitol Syrup, and Maltodextrins. All are essential ingredients for the food, confectionery, and pharmaceutical industries. The production system of the company is ISO 9001:22000 and HACCP certified.

The symbol “HAL” is being used by the stock exchange for the shares of Habib-ADM Limited.

British High Commissioner calls on Foreign Minister

Islamabad, August 29, 2018 (PPI-OT): British High Commissioner to Pakistan Thomas Drew called on the Foreign Minister in his office today. The High Commissioner congratulated the Foreign Minister on assuming the office and expressed desire of his government to further enhance cooperation between the two countries in all areas of mutual interest, including trade and investment, peace and security, and development cooperation.

Foreign Minister Makhdoom Shah Mahmood Qureshi thanked the High Commissioner and expressed satisfaction at the current level of bilateral cooperation. He emphasized on the need to promote trade and economic linkages and greater people to people contacts between the two countries. He also appreciated the role being played by the Department for International Development (DFID) in providing assistance in health and education sectors.

For more information, contact:
Spokesman
Ministry of Foreign Affairs
Government of Pakistan
Tell: +92-51-9205494
Fax: +92-51-9204202
Cell: +92-336-5644459
Website: www.mofa.gov.pk

Shifting of TeH activist to Kathua jail denounced

Karachi, August 29, 2018 (PPI-OT): In occupied Kashmir, the Chairman of Tehreek-e-Hurriyat Jammu and Kashmir, Muhammad Ashraf Sehrai has strongly condemned the shifting of party activist Farooq Ahmad Shah from Mattan to Kathua jail in Jammu after invoking draconian law Public Safety Act (PSA) against him.

Muhammad Ashraf Sehrai in a statement issued in Srinagar said that Farooq Ahmad Shah was arrested in 2016 and was released, later. “Since then, Farooq has not been involved in political activities, but police arrested him on 13th of August 2018 in Kulgam district and shifted him to Mattan jail on 15th of August.”

He said that the authorities had slapped PSA against him and shifted him to Kathua jail in Jammu. He described the slapping of PSA on Farooq as blatant injustice. Sehrai also condemned the continued illegal detention of Muslim League leader Feroz Ahmad Khan at Khanyar police station.

Meanwhile, a delegation of Tehreek-e-Hurriyat Jammu and Kashmir comprising Muhammad Yousuf Makroo, Sheikh Ghulam Mohiuddin, Muzaffar Ahmad, Ashiq Hussain Narchoor and Sabzar Ahmad visited Gadool area of Kukernag to express solidarity with Muhammad Ismail Chopan and others whose houses were destroyed with explosives and crops fields were set on fire by the Indian troops during a cordon and search operation in the area.

On the other hand, Jammu and Kashmir Muslim League in a statement denounced the heavy deployment of forces in various parts of South Kashmir and the subsequent search and frisking operation, arrest of youth and harassment of local population.

For more information, contact:
Kashmir Media Service
Phone: +92-51-4435548, +92-51-4435549
Fax: +92-51-4861736
Email: info@kmsnews.org
Website: www.kmsnews.org