Daily Archives: September 3, 2018

Board Meeting of Bannu Woollen Mills Limited

Karachi, Bannu Woollen Mills Limited informed Pakistan Stock Exchange that the meeting of the Board of Directors of the Company shall be held on September 10, 2018 at Rawalpindi to consider and approve the financial plan (production and financial budget) of the Company for the financial year 2018-19 and to transact any other business with the permission of the chair.

Bannu Woollen Mills Ltd was established by PIDC in 1953 and as such is the oldest woolen industry of Pakistan. On disinvestments by PIDC in 1964, it was purchased by Bibojee Group of Companies founded by a renowned industrialist of the country Late Lt.Gen.(R)M. Habibullah Khan Khattak. This group of companies is engaged in the manufacture of a vast range of products, providing jobs to thousands of hands directly and many more indirectly through down-stream industries and is making considerable contribution to the National exchequer and the GDP.

The mills was made a public limited company in 1992 and is quoted at Karachi/Islamabad Stock Exchanges.

The company’s quality management system has been certified and registered against ISO 9001-2000 standards by M/S Moody International Certification Ltd; with accreditation to M/S UKAS(U.K).

The Mills manufactures a variety of woollen products which include tweed, blazer, velour, superior/donigal/honey shirting, byla & byma for light winter wear, blankets, shawls, services dress cloth, upholstery and curtain cloth etc. in attractive shades and designs.

The symbol “BNWM” is being used by the stock exchange for Bannu Woollen Mills Limited.

Board of directors meeting of Kohinoor Energy Limited

Karachi, Kohinoor Energy Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 11, 2018 at Lahore. 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 September 03, 2018 to September 11, 2018.

Kohinoor Energy Limited is a company incorporated in Pakistan on April 26, 1994 as a public limited company. The foundation of the company is laid under the Companies Ordinance, 1984. The principal activity of the company is to own, operate and maintain a power plant of 124 MW capacity in Lahore and to sell the electricity produced therefrom to a sole customer, the pakistan Water and Power Development authority under a power purchase agreement for a term of 30 years which commenced fromJune 19, 1997. 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 Islamabad.

The symbol “KOHE” is being used by the stock exchanges for the shares of Kohinoor Energy Limited.

Board of directors meeting of Hafiz Limited

Karachi, Hafiz Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 03, 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 September 20, 2018 to September 27, 2018.

Hafiz Limited are Manufacturers and Exporters of all sort of textiles, a composite unit with sister branches established since 1936 in Mumbai, re-established in 1947 Karachi and expanded its operation from Textiles to Jute Mills in the year 1956 in Dhaka-Chittagong.

Board of directors meeting of Pakistan Paper Products Limited

Karachi, Pakistan Paper Products Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 18, 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 September 07, 2018 to September 18, 2018.

Pakistan Paper Products Limited is a company incorporated in Pakistan on July, 1962 as a private limited company. It later converted into public limited company and the foundations are laid under the Companies Ordinance, 1984. The principal activity of the company is production and sale of sensitized papers, pro-labels and exercise books. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is situated at Karachi.

The symbol “PPP” is being used by the stock exchange for the shares of Pakistan Paper Products Limited.

Asia’s Rising Appetite for Meat, Seafood Will ‘Strain Environment’

Asia’s growing appetite for meat and seafood over the next three decades will cause huge increases in greenhouse gas emissions and antibiotics used in foods, researchers said Tuesday.

Rising population, incomes and urbanization will drive a 78 percent increase in meat and seafood demand from 2017 to 2050, according to a report by Asia Research and Engagement Pte Ltd., a Singapore-based consultancy firm.

We wanted to highlight that, because of the large population and how fast the population is growing, it is going to put a strain on the environment, said co-author Serena Tan.

By recognizing this and where it comes from, we can tackle the solutions, she told the Thomson Reuters Foundation.

More carbon dioxide, antibiotics

With supply chains ramping up to meet demand, greenhouse gas emissions will jump from 2.9 billion tons of CO2 per year to 5.4 billion tons, the equivalent of the lifetime emissions of 95 million cars, the researchers said.

A land area the size of India will be needed for additional food production, according to the report, while water use will climb from 577 billion cubic meters per year to 1,054 billion cubic meters per year.

The use of antimicrobials, which kill or stop the growth of microorganisms, and include antibiotics, will increase 44 percent to 39,000 tons per year, said the report, which was commissioned by the Hong Kong-based ADM Capital Foundation.

Overuse and misuse of antibiotics in food is rife in Southeast Asia, the Food and Agriculture Organization (FAO) said this year, warning of serious risks for people and animals as bacterial infections become more resistant to treatment.

Income growth

Growing urban areas contribute to the rising demand for meat and seafood, because people there usually have better access to electricity and refrigeration, said David Dawe, a senior economist at the FAO in Bangkok.

But income growth is the big driver, he added.

Indonesia, Cambodia, Laos, Myanmar and Pakistan are among nations likely to contribute most to the rise in meat and seafood consumption, while countries with aging populations, like China, will likely limit growth, Tan said.

Food producers can increase efficiency by implementing rainwater harvesting, using sustainable animal feed and capturing biogas from cattle, Tan said.

Regulators, consumers and investors can also pressure restaurant chains and producers to limit the use of antibiotics in meat supplies, she added.

At meal times, consumers can also choose plant-based foods made to look like meats as an alternative, Tan said.

You have a lot of people in Asia who don’t get that great a diet so animal-sourced food intake will increase, said the FAO’s Dawe. In many ways it’s a good thing for nutrition, but it does raise environmental issues.

Source: Voice of America

Pakistan To Discuss U.S. Military Payment Cut During Pompeo Visit

Pakistani Foreign Minister Shah Mehmood Qureshi says he intends to speak with U.S. Secretary of State Michael Pompeo about Washington’s decision to cut $300 million in U.S. payments to Pakistan’s military.

Qureshi said he will raise the issue on September 5 when Pompeo and General Joseph Dunford, chairman of the U.S. Joint Chiefs of Staff, visit Islamabad.

“We will sit with [Pompeo], present our point of view and exchange ideas,” Qureshi told reporters late on September 2.

Qureshi argued that the money was not “aid,” as described by Washington, but a payment to reimburse Pakistan for costs in a joint campaign against terrorism.

“This $300 million was neither any aid nor assistance,” he said. “This is the money which Pakistan has already spent in the fight against terrorism through its own resources, and they were to reimburse it to us.”

The Pentagon announced on September 1 that will cancel $300 million in military aid to Pakistan due what the United States says is Islamabad’s lack of action against militants.

Pentagon spokesman Kone Faulkner said the funds would be reallocated to “other urgent priorities” if approved by Congress.

Earlier in 2018, another $500 million in payments to Pakistan was revoked by the U.S. Congress from so-called Coalition Support Funds (CSF), bringing the total amount of funds withheld to $800 million.

At the start of 2018, President Donald Trump suspended CSF payments to Pakistan along with aid under other programs.

Trump earlier in 2018 wrote on Twitter that the “United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit, thinking of our leaders as fools.”

“They give safe haven to the terrorists we hunt in Afghanistan, with little help. No more!” Trump tweeted.

Pakistan rejects allegations it is not doing enough to fight terrorism and that it provides safe havens for militants operating in Afghanistan.

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