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Systems Ltd
Systems Limited (SYS) is a Pakistani multi-national public technology company, involved in mortgage, apparel, retail and BPO services. Systems is the parent company of the Techvista Systems (United Arab Emirates), Systems Arabia (Saudi Arabia), Systems Misr (Egypt) and Techvista Qatar (Qatar), NdcTech. It has a market capitalisation of around as of June 2023. History Systems Limited was established in 1977. The company is Pakistan's first software house. The company began its operations in the United States in 1997 and then in the United Arab Emirates in 2013. In the same year, Asif Peer was appointed as the CEO of Systems. The company went public with an initial public offering (IPO) on December 4, 2014 and is now one of the largest IT exporters listed on the Pakistan Stock Exchange. 13 million shares were listed on the Karachi, Islamabad, and Lahore stock exchanges. In 2020, the company was the top performer in tech stocks, despite the COVID-19 pandemic. In Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1977 Establishments In Pakistan
Events January * January 8 – Three bombs explode in Moscow within 37 minutes, killing seven. The bombings are attributed to an Armenian separatist group. * January 10 – Mount Nyiragongo erupts in eastern Zaire (now the Democratic Republic of the Congo). * January 17 ** 49 marines from the and are killed as a result of a collision in Barcelona harbour, Spain. * January 18 ** Scientists identify a previously unknown bacterium as the cause of the mysterious Legionnaires' disease. ** Australia's worst railway disaster at Granville, a suburb of Sydney, leaves 83 people dead. ** SFR Yugoslavia Prime minister Džemal Bijedić, his wife and 6 others are killed in a plane crash in Bosnia and Herzegovina. * January 19 – An Ejército del Aire CASA C-207C Azor (registration T.7-15) plane crashes into the side of a mountain near Chiva, on approach to Valencia Airport in Spain, killing all 11 people on board. * January 20 – Jimmy Carter is sworn in as the 39th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Established In 1977
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Companies In Pakistan ...
Following is a list of largest companies in Pakistan: Conglomerates Companies References {{Reflist Pakistan *Largest companies A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Syed Aminul Haque
Syed Aminul Haque ( ur, ) is a Pakistani politician who has been a member of the National Assembly of Pakistan since August 2018. Currently serving as Federal Minister of Information Technology and Telecommunication after resignation of MQM(P) Chief Khalid Maqbool Siddiqui. He served twice in National Assembly before winning the general election of 2018. He is the part of Muttahida Qaumi Movement Pakistan (MQM-P) Party and a member of Rabta Committee of MQM Pakistan. Political career He was elected to the National Assembly of Pakistan from constituency NA-251 (Karachi West-IV) as a candidate of Muttahida Qaumi Movement in 2018 Pakistani general election. On 6 April 2020 he was appointed as Federal Minister for Telecommunications. Amin-ul-Haque was elected 2 times as an MNA before general elections of 2018. He was first elected as a member of the national assembly on 16 November 1988 from NA-194 (Karachi East lll). He was then elected in 1990 from the same constituency. Exte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include '' Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan Software Export Board
Pakistan Software Export Board (PSEB) ( ur, ) is an apex Government body mandated to promote Pakistan's IT Industry in local and international markets. PSEB facilitates the IT industry through a series of projects and programs. PSEB was established through an executive order vide Cabinet Division's notification dated 12 June 1995. Mission PSEB's mission is to strengthen and promote the IT industry of Pakistan both locally and globally and to make Pakistan the second largest IT exporter in South Asia. Major functions Primary functions of PSEB are to * Undertake research and study on the state of the Information and Communication Technology (ICT) sector and propose strategies for fast track and sustainable development of the Pakistan IT industry including software and services, IT enabled services, and hardware in both export and domestic markets. * Study the laws and regulations of various competitor countries and propose improvements and modifications in Pakistan public p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later COVID-19 pandemic by country and territory, worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused COVID-19 pandemic cases, more than cases and COVID-19 pandemic deaths, confirmed deaths, making it one of the deadliest pandemics in history, deadliest in history. COVID-19 symptoms range from Asymptomatic, undetectable to deadly, but most commonly include fever, Nocturnal cough, dry cough, and fatigue. Severe illness is more likely ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan Stock Exchange
The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on 11 January 2016 after the merger of the Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange. As of January 2022, there are about 375 companies listed on the PSX with a total market capitalisation of PKR 7,756 billion (US$52 billion). Investors on the exchanges include 1,886 foreign institutional investors and 883 domestic institutional investors along with about 220,000 retail investors. There are also about 400 brokerage houses which are members of the PSX as well as 21 asset management companies. One of the PSX's constituent stock exchanges, the Karachi Stock Exchange, was listed among the world's best performing frontier stock markets: between 2009 and 2015 it delivered an average 26% return annually. In De ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Capitalisation
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asif Peer
Asif Peer is the CEO and managing director of Pakistani software company Systems Ltd since 1 January 2013. Early life and education Peer completed his bachelor's degree majored in Computer Science from National University of Computer and Emerging Sciences, Karachi in 1995, and MBA Finance and Marketing from Institute of Business Administration, Karachi in 1999. Career Peer served as the Chief Operating Officer (COO) of Visionet Systems, Inc. from 2008 to 2012 in US. Peer was appointed as Chief Executive Officer (CEO) of Systems Ltd Systems Limited (SYS) is a Pakistani multi-national public technology company, involved in mortgage, apparel, retail and BPO services. Systems is the parent company of the Techvista Systems (United Arab Emirates), Systems Arabia (Saudi Arabia), ... on 1st January 2013. Under his leadership, the company has won several accolades, including Microsoft Country Partner of the Year, Top IT exporter 2019 award by PSEB IT Export Awards. Awards Pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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