Day: November 13, 2020

Three NICVD doctors get interim bail in NICVD corruption case

KARACHI:Three more doctors of the National Institute of Cardiovascular Diseases (NICVD) on Friday moved the Sindh High Court (SHC) for interim bail after receiving call-up notices issued by the National Accountability Bureau (NAB).

 

Three doctors of the NICVD including Dr Muhammad Raza, Jibran and Dr Rabia approached the SHC after the call-up notices by the NAB.

 

The SHC granted them the interim bail against the surety bonds of Rs0.5 million each. The court, later, adjourned the hearing until November 23 after issuing notice to the NAB.

 

The NAB is probing into the matters of alleged corruption and illegal appointments in the NICVD.

The Longyan 11th Cross-Strait Machinery Industry Expo and 13th Investment Project Fair (the Machinery Expo and Investment Fair) gets under way

Longyan (China):The Machinery Expo and Investment Fair kicked off in Longyan, Fujian Province on November 8. The event was hosted by the China Machinery Industry Federation, and supported by the China Chamber of International Commerce, the Taiwan, Hong Kong and Macau Affairs Office of Fujian Province, the Fujian Provincial Department of Industry and Information Technology, the Fujian Provincial Department of Commerce and various other chambers of commerce and associations in Taiwan, according to the Publicity Department of Longyan Municipality.

 

With the theme ‘Cross-Strait Cooperation for a Win-win Development Path’, the event was guided by the Taiwan Affairs Office of the State Council and the People’s Government of Fujian Province. It took place at the Longyan Convention Center from November 8 to 10. The exhibition covered an area of 30,000 square meters, divided into six exhibition areas – Industrial Development, Engineering and Environmental Protection Machinery, Special Vehicles and Emergency Equipment, Taiwan Machinery, Intelligent Manufacturing, and Accessories. 623 exhibitors displayed more than 600 construction machines, environmental sanitation machines, special vehicles, items of military-civilian equipment, of emergency equipment, and of intelligent manufacturing equipment, as well as more than 5,000 instruments, tools, functional parts and accessories.

 

This event also included more than 20 sessions and activities, such as the Industry Development Summit Forum, the inaugural Internet Conference of Longyan and the Longyan Digital Industry Development Project Meeting 2020, the Cross-Strait Youth Entrepreneurship and Employment Forum (Longyan) with the theme, Aiming to Develop and Facilitate Integration, the Development Forum of Inclusive Financing and the Integration of Entrepreneurship, Innovation, and Venture Capital, the Longyan Special Vehicle Testing Platform Promotion Meeting 2020, the Russia-Fujian Online Meeting for Auto Parts Trading, and other investment study and trade fair activities.

Man shot dead sister for “honor”

KARACHI:A man shot his sister to death in the name of honor in Korangi area of the city in the wee hours of Friday.

 

The ruthless incident took place in Korangi when a 20-year-old girl Anum was reportedly shot dead by her brother, 28-year-old Suhail Zaman, in the name of honor.

 

The alleged murderer, now in police custody, killed his sister with a fatal gunshot after trying to choke her with a stranglehold; the police said. The body of the deceased was shifted to a nearby hospital for medico-legal formalities, later handed over to family.

Board Meeting Other Than Financial Results of Engro Powergen Qadirpur Limited

Karachi, Engro Powergen Qadirpur Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on November 20, 2020 at Karachi to consider the certain corporate actions.

 

Further, the company has declared the closed period from November 16, 2020 to November 20, 2020.

“Engro Powergen is incorporated in 2008 as a subsidiary to develop power projects in Pakistan. It is Engro Corp’s first initiative into the country’s power sector. Our aim is to ease the burden on the nation’s energy sector by developing projects exploring cleaner, more efficient and economically viable sources of power generation including wind, hydro and solar energy. Engro Powergen Limited owns and operates Engro Powergen Qadirpur Limited, a 217 megawatt power plant and the group’s first initiative in the power sector of Pakistan. Engro Powergen Qadirpur Limited was listed on the Karachi Stock Exchange in October 2014 where 25% of the shares were offered. As of now Engro Powergen Qadirpur Limited is 69% owned by Engro Corp via Engro Powergen whereas the remainder is owned by the International Finance Corporation (IFC) and employees.

 

This project is very unique in a way that it utilizes high sulfur gas which was being flared through Qadirpur Gas Field for almost a decade. This energy conservation idea showed the waste gas a right path to burn. This is a one + 1 + one configuration dual fuel fired combined cycle power plant with a 123 MW Gas T Turbine, 400 tons/hour Heat Recovery Steam Generator and 110 MW Steam Turbine.

 

The symbol “EPQL” is being used by the stock exchanges for the shares Engro Powergen Qadirpur Limited.”

 

Board Meeting Other Than Financial Results of Summit Bank Limited

Karachi, Summit Bank Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on November 18, 2020 at Karachi to consider the various business and operational affairs of the Company.

 

Further, the company has declared the closed period from November 13, 2020 to November 18, 2020.

“Summit Bank Limited was incorporated in Pakistan as a public company limited on December 09, 2005 under the Companies Ordinance, 1984. The ultimate holding company of the Group which comprises of Summit Bank Limited the holding company and Summit Capital Private Limited a wholly owned subsidiary is Suroor Investments Limited a company incorporated in Mauritius. The bank is principally engaged in the business of commercial banking through its 187 branches in Pakistan as defined in the Banking Ordinance, 1962. The stocks of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Islamabad.

 

The bank commenced its operation in August, 2006 and commenced in all the segments of banking which include Corporate and Investment Banking, Trade Finance, Commercial Mid-Market / SMEs, and Consumer Banking.

 

The symbol “SMBL” is being used by the stock exchanges for the shares of Summit Bank Limited.”