Octopus Digital Limited, a 100% wholly-owned subsidiary of Avanceon Limited, has been contracted by one of the largest tea manufacturers to ensure overall equipment efficiency (OEE) on two of its plants. Octopus Digital’s Infrastructure as a Service (IaaS) proposal is based on its BTMI value proposition which constitutes Conceive, Design, Implement, Maintain, and Improve methodology. 

Octopus Digital will deploy the following scope of automation infrastructure under BTMI basis for the customer,

• Design, Implementation, and Integration to establish data connectivity services for SAP
• Application-Specific Support with 24/7 monitoring and administration
• Offsite & Onsite response powered by Augmented Reality Support Setup

Kot Addu Power Company Limited (PSX: KAPCO) in its Board of Directors of Kot Addu Power Company Limited (KAPCO), has announced an Interim Cash Dividend of Rs5 per share i.e 50% for the year ending June 30, 2021.

This is in addition to the Interim Cash Dividend already paid at Rs1.5 per share i.e 15%.

Image Pakistan Limited (PSX: IMAGE) Board of director in their meeting held today resolved that a wholly owned subsidiary under the name & style of Image Tech Limited be incorporated to avail the recently announced incentives by the Government of Pakistan for technology companies including digital electronics and intemet related services such as ecommerce services. These companies have been allowed a l00Yo tax credit against their tax liability for 3 years subject to certain conditions. The name of Image Tech Limited has already been reserved by SECP for incorporation of company.

The Company is also authorized to make an equity investment of upto Rs. 200,000,000/- (Rupees two hundred million only) in the capital of the proposed wholly owned subsidiary company to be incorporated in the name Image Tech Limited as per terms and conditions to be disclosed to the members of the Company.