Symposium on Dairy Animal Reproduction on 30th

LAHORE (Staff Reporter): The University of Veterinary and Animal Sciences Lahore will organise 6th annual reunion of the Alumni Association and two-day International Symposium on Dairy Animal Reproduction (ISDAR) on 30 March, 2015 at the City Campus Lahore. Vice-Chancellor Prof Dr Talat Naseer Pasha chaired a meeting of the conveners and secretaries of various organizing committees and reviewed arrangements for the Alumni reunion and the symposium. The conveners briefed the Vice-Chancellor on the progress in arrangements and different activities planned for the 6th annual reunion and  ISDAR.

UVAS, DRDF sign MoU for development of dairy sector

LAHORE (Staff Reporter): The University of Veterinary and Animal Sciences Lahore signed a memorandum of understanding (MoU) with Dairy and Rural Development Foundation (DRDF) to collaborate in training of master trainers and other training programmes for the development of dairy sector. Vice-Chancellor Prof Dr Talat Naseer Pasha and DRDF Chairman Dr Salman Shah signed the MoU at a ceremony in UVAS. Under the MoU, UVAS and DRDF will collaborate for training of master trainers, trainee certification, curriculum development, registration, examination and training certification of Women Livestock Extension Workers (WLEWs), Farm Managers, Artificial Insemination Technicians (AITs) and farmers.

 Certified master trainers will be entitled to conduct subsequent trainings for Women Livestock Extension Workers, farmers and artificial insemination technicians (AITs) in various areas of Punjab identified by DRDF.

UVAS will support DRDF in areas where it requires technical assistance, consultancy and sample analysis. The curriculum for Women Livestock Extension Workers (WLEWs), Artificial Insemination Technicians (AITs) and Farmers’ one-day and seven-day and one month training will be developed, revised and modified by DRDF in consultation with designated faculty members at UVAS. The university will also conduct examination and certification of trainees. Speaking on the occasion, Vice-Chancellor Prof Dr Talat Naseer Pasha said that UVAS is working for improvement and development of livestock, dairy and related sectors. He said that  UVAS is always open to capacity building and development of livestock farmers.

LSE decides to delist Libaas Textile

LAHORE (Staff Reporter): Due to merger of Libaas Textile Limited with and into Ghani Global Glass Limited, LSE decided to delist Libaas Textile Limited from the Ready Board Quotations of the Exchange with effect from March 31, 2015. After the de-listing of this company the number of Companies listed at LSE would reach to 432. The shareholders of Libaas Textile Ltd. and Ghani Global Glass Ltd. in their respective EOGMs held on December 12, 2014 approved the Scheme of Arrangement for the Merger of Libaas Textile Ltd. with and into Ghani Global Glass Ltd. Lahore High Court vides its Order dated January 27, 2015 has approved the Scheme of Arrangement.As per Scheme of Arrangement the shareholders of Libaas Textile Ltd. allotted shares of Ghani Global Glass Ltd.

 in a swap ratio of 2:1. The register of shareholders of Libaas Textile Ltd. has been finally closed on February 26, 2015. Ghani Global Glass Ltd. will be technically listed at Lahore Stock Exchange after fulfillment of necessary regulatory requirements. Further to our Notice No. 0626 dated February 13, 2015, concerning suspension of trading of Libas Textile Limited . It is hereby informed to all concerned that Libaas Textile Limited as a result of amalgamation/merger with an into Ghani Global Glass Limited shall stand delisted from the Lahore Stock Exchange with effect from Tuesday, March 31, 2015. It is further informed that Ghani Global Glass Limited will be listed on the Exchange upon fulfillment of the relevant requirements as applicable in this behalf.

KSE develops online CMS for

investors to lodge complaints

Karachi (Staff Reporter): Karachi Stock Exchange has developed an Online Complaint Management System (CMS) that enables investors to lodge their e-complaints pertaining to their trade related issues with TRE Certificate Holders.  The Complaint Management System (CMS) is designed to facilitate investors by creating electronic log for each separate complaint. An Investor’s complaint is entered into CMS by creating User ID and Password. Within the system, investors are able to view the status of their complaint, change the password, lodge new complaint and can also modify their profiles. The CMS also enables the TRE Certificate Holders to lodge complaints against their clients with whom trade related disputes are not settled amicably.

The Apex Regulator (SECP) and the Frontline Regulator (Karachi Stock Exchange) have common objective to build the confidence of investors in the Capital Market and safeguard investors’ interest.

Bank Alfalah earns Rs8.51 billion profit before tax

Karachi (Staff Reporter):  Bank Alfalah delivered strong financial results with profit before taxation of Rs.8.514billion for the year ended 31 December 2014, as compared to Rs.6.807 billion earned in 2013, registering an increase of 25 percent over the previous year. Earnings per share increased by 20 percent and were reported at Rs 4.09 as against Rs 3.41 in 2013. During the 23rd Annual General Meeting (AGM) of the Bank held on Friday, the shareholders were informed that the Bank’s deposits stood at Rs606 billion at year end, witnessing a growth of 15.3 percent over the year 2013. Gross advances increased from Rs.274 billion to Rs.305 billion at end of December 2014, reflecting a year on year growth of 11.3 percent.

At the AGM, shareholders were informed that the Bank registered a balance sheet growth of 22 percent, with net investments increasing by 48 percent during 2014. The Bank’s current Capital Adequacy Ratio stands at 12.75 percent, as per Basel III standards. The Bank’s Islamic Banking business continues to serve as one of the largest Islamic Banking window operations in Pakistan and generated a profit before tax of Rs1.142 billion for the year 2014.

Speaking at the occasion, Atif Bajwa, President & CEO of Bank Alfalah said “The Bank has delivered sound financial performance along with strong and consistent long-term shareholder returns in a tough business environment. Understanding our customers’ needs, developing innovative financial solutions and building long-term relationships are the foundations of our commitment to our customers. We are optimistic that we will continue to create further value in the lives of the people we touch.”

The AGM of the Bank was chaired by Abdulla Khalil Al Mutawa and attended by other Board members, including Khalid Mana Saeed Al Otaiba, Nadeem Iqbal Sheikh and Atif Bajwa, senior management of Bank Alfalah and the Bank’s shareholders.