Citi Pharma forms JV with China’s Hangzhou Newsea Technology
Lahore-based Citi Pharma Limited has entered into a joint venture with Hangzhou Newsea Technology Co., Ltd, a renowned player in the pharmaceutical industry in China.
The pharma shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.
“The JV, named as ETACI LIMITED (Public limited company) will focus on producing the remaining portion of APIs (Active Pharmaceutical Ingredient) that are not currently manufactured by Citi Pharma Limited,” the company said, as it intends to expand its product portfolio.
As per the statement, Citi Pharma Limited currently manufactures approximately 20 to 22 APIs, catering to various medical needs.
“Through the proposed joint venture with Hangzhou Newsea Technology Co., Ltd, Citi Pharm Limited plans to manufacture an additional 30 APIs, effectively expanding its range of offerings,” it said. “The decision to pursue this joint venture underscores Citi Pharma Limited’s proactive approach towards sustainable growth and transfer of technology to Pakistan,” it added.
COURT NOTICE
In the court of Hafiz shahid Javed sb civil judge Shaker garh Iqra sardar vs Mohammad Zahid
Suit for dissolution of marriage
Mohammad Zahid son of Murad Ali caste Gujjar resident of chak nahla tehsil Zafarwal district Narowal current resident abroad your next hearing date is 13/05/2024 you Will appear in the court In person or through legal hier other Wise proceeding will be taken ex parte against you.
PUBLIC NOTICE
Mr. Khalid Bashir s/o M.Bashir Qaisrani R/o Mohalla Sharqi Kot Qaisrani Tehsil Taunsa District DG Khan submitted an application and affidavit, death certificate and FRC issued by the NADRA Office DG Khan Plot No 279 Street-20’, Block A, Measuring 07-Marla in ADS Taunsa DG Khan has been Transferred to Mr. Muhammad Bashir S/o Allah Bakhsh Qaisrani vide transfer order no DHC/DGK/930 dated 31-5-1993. The allotee / Transfree was died on 30-05-2021. Now Plot No 279 Street 20’ Measuring 07 Marla in ADS Taunsa DG Khan is transferred to the legal heirs Zubaida bibi widow, Khalid Bashir son, Shahida Zarif, Humaira Bashir, Zarina Bashir, Mazhar Bashir, Shabana Bashir, Samina Bashir, Sadia Bashir, M.Athar Bashir, Tahira Bashir, r/o Kot Qaisrani Tehsil Taunsa DG Khan. Through the policy letter issued by the secretary HUD & PHED Punjab Lahore letter No. SO(H-H)/Misc-2022 dated 6-7-2022 and Director General PHATA Headquarter Punjab Lahore Memo No. DG/PHATA/EMS/A-1/Policy-22 Act-14/1158-78 dated 15-7-2022. In this behalf if any one may have any objection / legal heirs he may contact the office of the undersigned within 14 days with evidence from the date of publication of notice, After expiry of 14 days the department will not take any responsibility / claim etc. whatsoever and Plot will be transferred as per request.
COURT NOTICE
In The of Judge Banking Court No I Lahore Old State Bank Building Opp. G.P.O. The Mall Road, Lahore,
Suit No 88/1/2024 Shoukat Ali Versus Habib Bank Limited. Defendants Summons U/S 9(5) of the financial Institution (Recovery of Finances) Ordinance, 2001. (Ordinance No: XLVI of 2001).)
Summons to. Habib Bank Branch at Badmi Bagh Lahore. Whereas the aforesaid plaintiff has instituted a suit against you and others for the recovery of Along with markup/ Interest and costs etc, claimed to be payable by you. Summons U/S 9(5)01 of Ordinance XLVI of 2001 referred to above is hereby issued requiring you to make within 30 days of the service of this summon an application for leave to defend the suit u/s 10 ibid.
Take notice that on your failure to file such application within time specified above, the Banking Court shall pass a decree as prayed for in the plaint, in favour of the plaintiff Banking Company. Next date for further proceeding in the case has been fixed on 15-5-2024 Given under my hand and seal of thes Court this 24 Day of Apr 2024
Sharing the legal structure of ETACI LIMITED, Citi Pharma Limited said that it will retain a controlling interest of 65%, with Hangzhou Newsea Technology Co., Ltd holding the remaining 35%.
“By manufacturing a greater portion of APIs locally through ETACI LIMITED, Citi Pharma Limited will decrease its reliance on imported products, thereby improving cost efficiency, enhancing supply chain resilience and reduction in import bill,” it said. The Pakistani pharmaceutical said that the JV is expected to generate an annual turnover of more than Rs15 billion.
“From this, the projected cost of sale will be around Rs10.5 billion, resulting in a gross profit of Rs4.5 billion,” said the company. -APP
Correction of Father Name
I Shan Allah Rakha have passed the Secondary School Annual Examination 2006 under Roll No 30011 and Intermediate Supply Examination 2008 under Roll No 3072 from B.I.S.E Lahore.
My Father's Name is Asghar Ali wheras on certificate my Father's name has been mentioned as Muhammad Asghar which is incorrect. I want to get changed my Father's name from Muhammad Asghar to Asghar Ali.
If any person/organization/agency has any objection, then the same may be intimated in writing to the Secretary Board of Intermediate and Secondary Education 86Mozang Road Lahore within 15 days.
COURT NOTICE
In The Court Of Ahmad Zia Ch. sb Civil Judge Gujrat Case Title Ghulam Murtaza V/S Muhammad Sadeeq etc Notice to (3) Muhammad Ali S/O Mahboob Ahmad(4)Mahboob Ahmad S/O Ahmad Khan Caste Rehmani R/O Seydahry Tehsil and District Gujrat
,Suit For Declaration etc The above mentioned defended are not be served in ordinary way. It is therefore proclaimed that If the said defended with not appear personally or through a duly authorized agent or pleader in court at 8 AM on 16-052024 the proceedings will be taken ex-part against.
COURT NOTICE
In The of Judge Banking Court No IV Lahore Old State Bank Building Opp. GPO The Mall Road, Lahore,
Suit No 107/1/2024 Ahtsham Bashart Versus Dubi Islamic Bank. Defendants Summons U/S 9(5) of the financial Institution (Recovery of Finances) Ordinance, 2001. (Ordinance No: XLVI of 2001).)
Summons to. Dubai Islamic Bank Limited Branch Office at Main Shadman Market Lahore Through its Branch Manager . Whereas the aforesaid plaintiff has instituted a suit against you and others for the recovery of Along with markup/ Interest and costs etc, claimed to be payable by you. Summons U/S 9(5)01 of Ordinance XLVI of 2001 referred to above is hereby issued requiring you to make within 30 days of the service of this summon an application for leave to defend the suit u/s 10 ibid. Take notice that on your failure to file such application within time specified above, the Banking Court shall pass a decree as prayed for in the plaint, in favour of the plaintiff Banking Company. Next date for further proceeding in the case has been fixed on 15-5-2024 Given under my hand and seal of thes Court this 24 Day of Apr 2024