Service Fabrics Limited (PSX: SERF) in a notification to PSX informed that the authorized share capital of the
Company has been raised from Rs. 160Mn to Rs. 2,500Mn divided into 250,000,000
ordinary shares of Rs. 10 each
Service Fabrics Ltd increased its Authorized Share Capital from Rs. 160Mn to Rs. 2,500Mn
Maryam criticises PM for ‘handing over Kashmir to India’
Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz on Saturday again criticised Prime Minister Imran Khan for “handing over the valley to India,” as she continued her campaigning for the upcoming polls.
“Nawaz Sharif and I are pure Kashmiris, I see Nawaz Sharif in every participant of the rally,” she said as she addressed a gathering in Sharda town of Neelam district, Azad Jammu & Kashmir.
“Nawaz has a place in every person’s heart,” the PML-N leader said and went on to add that a “coward like Imran Khan couldn’t be the leader of Kashmiris”.
“A brave premier is the one who can lead Kashmiris. The selected doesn’t enjoy respect, neither at home, nor abroad”.
“He throws Kashmir to India and then asks Pakistanis to observe a two-minute silence,” said the PML-N vice president and added that the masses will not stay quite anymore.
Source: Tribune.com.pk
SAZEW sales for the month of June surged by 113%
In a latest notification to the Stock Exchange, the Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of June 2021.
SAZEW Production Units were recorded at 1,366 units, showing an increase of 43% on Monthly basis.
While 1,942 units were sold in June surged by 113% as compared to the last month.
Image Pakistan LTD resolves to invest Rs. 200Mn in Image Tech LTD
Image Pakistan Limited in a notification to the stock exchange on 6th July has resolved that the shareholders of the company to invest up to Rs 200 million in Image Technology Limited. The company will hold 100% shareholding of IMAGE TECH LIMITED thus it a wholly owned Subsidiary company of Image Pakistan Limited as per terms and conditions as disclosed to the members .
IMAGE Pakistan Ltd becomes first approved seller on Amazon
Image Pakistan Limited (IMAGE) in a notification to PSX announcedhas taken the lead to become Pakistan’s first approved seller on Amazon.
TRGI has completed the sale of its subsidiary Etelequote Limited
TRG Pakistan hereby announces that its associate The Resource Group International Limited has completed the sale of all its economic interest in its subsidiary Etelequote Limited according to the terms and conditions disclosed in our announcement dated 20th April 2021. This closing took place on 1st July 2021.
FinnFund has entered into Letter of Intent with TPL Insurance
TPL Insurance Limited, a subsidiary of TPL Corp Limited, is pleased to announce that the Finnish Fund for Industrial Cooperation Limited, a Private Limited Company incorporated in Finland, (“Finnfund”), a major development financier and impact investor, investing in responsible and profitable businesses in the developing countries, has entered into a Letter of Intent, with TPL Insurance Limited.
Upon completion of successful legal and financial due diligence and obtaining all regulatory approvals, Finnfund will look to invest in TPL Insurance Limited.
WTL enters into commercial operation with World Mobile Group (WMG)
WorldCall Telecom Limited ‘WTL” has entered into close commercial cooperation with World Mobile Group “WMG” for the deployment of Blockchain secured service management solution.
This arrangement would ensure the provision of affordable broadband connectivity across Pakistan in addition to its existing roll-out projects, a notification to PSX revealed.
All WTL subscribers would be enabled and integrated into the digital economy landscape with a state-of-the-art Digital ID; both universally unique and “absolutely secure”. The Digital ID and attached e-Wallet is secured through authentication protocols powered by the latest 3rd generation crypto technology. Subscribers would join the digital economy eco-system and using this unique Digital ID, all forms of on-demand services targeting education, health and other service sectors can be launched. It would prove instrumental in transforming WTL into a significant technology-driven business entity.
WTL is currently undertaking an aggressive roll-out with Fiber To The Home “FTTH” and “Broadband for All” projects.
World Mobile Group is leading one of the most innovative and exciting adaptations for blockchain deployments in legacy telecom infrastructure and plans to promote “Connect the Unconnected” right across the globe.
As per the notice, WTL would derive immense benefit from this exclusive relationship within Pakistan. With its fiber-optic infrastructure and network connectivity already in place, subscriber signup and connectivity would be significantly higher in its current FTTH and Broadband for All projects. Through the use of this technology, WTL would target a revenue upside from its broadband connectivity and augment its revenue streams with minimal costs.
CCP gives pre-merger clearance to Treet Corporation for sale of Global Arts Ltd’s 100% stake
Competition Commission of Pakistan (CCP) has given pre-merger clearance/approval to Treet Corporation Limited for the sale of Global Arts Limited’s 100% shareholding to Chimera Education (Private) Limited (a wholly owned subsidiary of PAL Group).
GGGL approves the MoU to set up a plant in Serbia
Ghani Global Glass Limited (PSX: GGGL), in a notification to PSX has announced that it has approved the MoU signed by the Company with a Serbian (Eastern European) company for setup of a plant in Serbia.
This will be carried out in the form of a joint venture with the Serbian company with a 50% sharing ratio for the manufacturing of glass Ampoules and Vials from glass tubes to be supplied by the GGGL. The initial cost of this project is US $ 2.00 – 2.50 million. Thereafter on the addition of Ampoules and Vials machines, the project cost may increase to US $ 9.00 million.
The Company will utilize its own resources for investment in Serbia. This strategic decision will potentially open the doors for the export of GGGL glass tubes in Europe.
