Naya Nazimabad Promises New Lifestyle
An innovative housing project, ‘Naya Nazimabad’ was launched in Karachi recently. It has been specially planned for the middle class and will offer a range of amenities such as modern, well-designed houses, schools, colleges and a university, hospitals and clinics, parks and shopping malls, playgrounds and even a stadium with an enclosed community spread over a large area close to North Nazimabad. The project will have its own water reservoir and electricity supply.
Arif Habib (Chairman of the Arif Habib Group), one of the lead sponsors of the project, says “The main purpose behind this project is to provide safe, affordable and convenient housing to the middle class. Our vision is to create a model city that is based on social convenience, innovation, better living standards and a peaceful life”.
In an area where there are apprehensions about security, the complex will offer a clean, secure and hospitable living environment with a dependable security system using both manual surveillance as well as an extensive CCTV network.
The project has been launched by Javedan Corporation and is sponsored by a consortium comprising Arif Habib, AKD and Ghani Usman Hum Group.
Arif Habib Corporation Limited‚Äôs financial results for the year ended 30th June, 2011
We have to inform you that Board of Directors of our company in their meeting held on Wednesday, 14th September, 2011 at 03:30 p.m. at Arif Habib Centre, 23 M.T. Khan Road, Karachi recommended a final Cash Dividend for the year ended 30th June, 2011 at Rs. 2 per share i.e. 20%. Also, it has been recommended by the Board of Directors to issue Bonus shares in the proportion of one share for every ten shares held i.e. 10%.
Fatima Fertilizer enters into agreement with leading German firm to develop and implement CDM (Clean Development Mechanism) Project
Fatima Fertilizer Company Limited has entered into an agreement with N. Serve Environmental Services GmbH, a German Limited Liability Company, for development and implementation of a Clean Development Mechanism (CDM) project at its Plant located in Sadiqabad under the provision of the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol.
The central feature of the Kyoto Protocol is the requirement that countries limit or reduce their greenhouse gas emissions to set levels. The CDM allows emission-reduction projects in developing countries to earn Certified Emission Reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol.
N. Serve Environmental Services GmbH specializes in developing and financing high quality greenhouse gas emission reduction projects globally and is a world-leading expert for nitric acid N2O abatement project implementation and management.