Day: May 3, 2023

Karachi, Gharibwal Cement Limited has transmitted its quarterly report for the period ended 2023-03-31. The report has been made available on the company’s website, providing shareholders and investors with a detailed analysis of the company’s financial performance during the first quarter of the year.

The quarterly report includes information on the company’s revenue, expenses, profits, and other financial metrics, as well as a discussion of its operational and strategic initiatives. It also provides an update on the state of the cement industry in Pakistan, and outlines the company’s outlook for the remainder of the year.

Shareholders and investors are encouraged to review the report and stay informed about the company’s progress and performance. The transmission of the quarterly report demonstrates Gharibwal Cement Limited’s commitment to transparency and accountability, and its dedication to keeping its stakeholders informed.

Karachi, Service Global Footwear Limited has announced an Extraordinary General Meeting (EOGM) of its shareholders, which is scheduled to take place on May 26, 2023 in Lahore. The meeting has been called to elect nine directors of the company for the next three-year term, starting from May 29, 2023.

The retiring directors whose names have been fixed by the Board of Directors for re-election are Mr. Ahmed Javed, Mr. Arif Saeed, Mr. Omar Saeed, Mr. Hassan Javed, Mr. Azmat Ali Ranjha, Mr. Abdul Rashid Lone, Ms. Maleeha Humayun Bangash, Mr. Hassan Ehsan Cheema, and Mr. Qadeer Ahmed Vaseer.

It is important to note that the Share Transfer Books of the Company will remain closed from May 19, 2023 to May 26, 2023 (both days inclusive). This means that no transfer of shares will be allowed during this period.

Minister for Planning and Development Ahsan Iqbal has directed all the Ministries to prepare a report on socio-economic impacts of CPEC projects on the country on the occasion of completion of ten years of this mega project.

He issued these directives while presiding over a meeting to review pace of development on projects being carried out under China-Pakistan Economic Corridor in Islamabad on Wednesday.

Speaking on the occasion, Ahsan Iqbal said during his recent visit to China, both sides agreed to hold meeting of the Joint Working Group after every two months.

The Minister said government is taking all possible steps to provide security and safety to the investment under China-Pakistan Economic Corridor.

The meeting reviewed progress on ML-1 and Karachi Circular Railways and also deliberated upon different projects including up gradation of Yarak-D I Khan- Zhob Highway, Mirpur-Muzaffarabad road, Mansehra-Babusar Tunnel and Alternate Alignment of Motorway connecting Karachi with Hyderabad.

Source: Radio Pakistan

Karachi, Alfalah Asset Management Limited (formerly Alfalah GHP Investment Management Limited) has approved the daily dividend distribution for its Alfalah Islamic Rozana Amdani Fund (AIRAF). The Chief Executive, on behalf of the Board of Directors, has announced that a dividend of Re. 0.2052 per unit will be paid to unit holders whose names appeared in the unit holder register at the close of May 02, 2023.

Investors who hold units in the AIRAF as of May 02, 2023, will be eligible to receive the dividend payment. The distribution of the dividend will be made to unit holders through the electronic mode of payment. Alfalah Asset Management Limited encourages its investors to keep their contact details updated to ensure that they receive their dividend payments in a timely manner.

The daily dividend distribution for the AIRAF reflects Alfalah Asset Management’s commitment to providing its investors with consistent returns and growing their wealth over the long term.

Minister for Education and Professional Training Rana Tanveer Hussain has said that promoting skills, technical and vocational education for youth bulge is a top priority for the current government.

He was talking to a senior delegation of World Bank led by the Vice President World Bank Human Development Group Mamta Murthi in Islamabad today.

The Minister said the government under the leadership of Prime Minister Shahbaz Sharif has put high importance on education. He said that by enhancing digital learning practices in education sector and by developing distance education eco-system, we could provide blended learning solutions through technology-enabled opportunities in the entire country.

Rana Tanveer said that one of the areas of focus is to streamline Madrassas and religious education centers that offer regular educational opportunities to the students nationally. He said that a special regulatory authority has been set up which has registered 14,000 Madrassas nationally out of 40,000.

He said that the issue of out of School children is a top priority that needs urgent focus.

Vice President World Bank Human Development Group Mamta Murthi acknowledged the role of Ministry of Federal Education and Professional Training in the implementation of the on-going World Bank funded projects.

Source: Radio Pakistan

Karachi, Sanofi-Aventis Pakistan Limited has announced that it will hold its 55th Annual General Meeting (AGM) of Shareholders on May 25, 2023, at Karachi, with an option to join virtually through video conferencing. The following business is expected to be transacted at the meeting:

– Confirmation of minutes of the Extraordinary General Meeting held on October 11, 2022.

– Receipt, consideration, and adoption of the audited Financial Statements, together with the Directors’ and Auditors’ Report, for the year ended December 31, 2022.

– Appointment of external auditors of the Company for the year ending December 31, 2023, and fixing their remuneration. The Board of Directors proposes the appointment of M/s A.F. Ferguson & Co. Chartered Accountants.

– Election of 9 Directors for a term of 3 years starting immediately after the conclusion of the AGM. The names of the retiring Directors who are eligible for re-election are mentioned in the statement.

– Any other business with the permission of the Chair.

The Company has also announced that the share transfer books of the Company will remain closed from May 19, 2023, to May 25, 2023 (both days inclusive).

Minister for Planning and Development Ahsan Iqbal has called for passing on the benefits of development to individuals, communities and under-developed localities to achieve sustainable national progress.

Chairing a review-meeting on development projects of backward districts in Islamabad, he said the government had prepared a special package for 20 selected under-privileged districts to bring them at par with other developed areas of the country.

Sharing detail of the package, Ahsan Iqbal said development activities would be carried out in 11 selected districts of Balochistan, five of Sindh, three of Khyber Pakhtunkhwa and one of Punjab, with 50 per cent contribution by the federal government and 50 per cent of respective provinces.

Source: Radio Pakistan