Feb 292016
 
Financial results of ICC Textile Limited for period ended December 31, 2015

Karachi: ICC Textile Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Lahore on February 29, 2016. The agenda of the meeting was discussion of un-audited interim profit and loss accounts for half year ended December 31, 2015 which portrayed a loss of Rs. 78,185,005 and loss per share of Rs. 2.61 basic and diluted. Secondly, un-audited interim profit and loss accounts was discussed for quarter ended December 31, 2015 which portrayed a loss of Rs. 36,231,341 and loss per share of Rs. 1.21 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Click for detailed story

Feb 292016
 
Financial results of Ayesha Textile Mills Limited for period ended December 31, 2015

Karachi: Ayesha Textile Mills informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Lahore on February 29, 2016. The agenda of the meeting was discussion of un-audited interim profit and loss accounts for quarter ended December 31, 2015, which portrayed a loss of Rs. 106,204 and loss per share Rs.75.86 basic and diluted. Secondly, un-audited interim profit and loss accounts was discussed for half year ended December 31, 2015 which portrayed a loss of Rs. 155,299 and loss per share Rs. 110.93 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, share transfer books of the company will remain closed from February 23, 2016 to February 29, 2016 (both days inclusive). Click for detailed story

Feb 292016
 
GFC Fans exports to Sri Lanka

Karachi, March 01, 2016 (PPI-OT): GFC Fan is exporting two 20 ft containers to Sri Lanka having net worth of around USD 50,000/-. These orders got matured by recent participation of GFC Fans in Single Country Exhibition at Sri Lanka from (15-17) January 2016 organized by TDAP. G.F.C is one of the largest manufacturers of high quality electric fans in Pakistan with an extensive distribution network all over the Globe. TDAP organized the said “Pakistan Single Country Exhibition at Sri Lanka, 2016 at Bandaranaike Memorial International Conference Hall (BMICH) in order to enhance the bilateral trade between two countries that were growing at a slow pace despite having FTA which came into effect in 2005. However Pakistan and Sri Lanka were unable to utilise it to its potential. Such endeavours of TDAP can provide a level playing field to all potential sectors of Pakistan in pursuance of achieving a quantum leap in exports. For more information, contact: Mr. Farooque Memon Director Information and Communication Division Trade Development Authority of Pakistan (TDAP) 3rd Floor, Block A, Finance and Trade Centre, P. O. Box No. 1293, Shahrah-e-Faisal, Karachi 75200, Pakistan UAN: +92-21-111-444-111 Tel: +92-21-99206487-90, +92-21-99201526 Fax: +92-21-99206461, +92-21-99201526 Email: tdap@tdap.gov.pk, farooque.memon@tdap.gov.pk Website: www.tdap.gov.pk FacebookTwitterGoogle+Pin It Click for detailed story

Feb 292016
 
IGI Securities Limited – Investor Kit

Karachi, March 01, 2016 (PPI-OT): Bank The National Bank of Pakistan (NBP) has disbursed approximately Rs6.8 billion to 7,300 young entrepreneurs under the Prime Minister’s Youth Business Loan scheme, a statement said on Monday. FacebookTwitterGoogle+Pin It Click for detailed story

Feb 292016
 
Securities and Exchange Commission of Pakistan notifies committee for divestment of Pakistan Stock Exchange shares

Islamabad, March 01, 2016 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has constituted a “Divestment Committee” for the purposes of divestment of shares of the Pakistan Stock Exchange Limited (PSX). The Committee comprises of the four newly elected directors of the Exchange – Mr. Abid Ali Habib, Mr. Muhammad Yasin Lakhani, Mr. Abdul Majeed Adam and Mr. Ahmed Chinoy, and renowned capital market experts having extensive experience i.e. Mr. Arif Habib, Mr. Najam Ali, Mr. Ferozuddin Cassim, Mr. Amin Issa Tai, Mr. Muhammad Sohail and Mr. Shehzad Chamdia. The Divestment Committee has been notified in terms of requirements of the Stock Exchanges (Corporatisation, Demutualization and Integration) Regulations, 2012 and has been entrusted with ensuring completion of the divestment process within six months. It is expected that post integration, PSX will be able to attract global strategic investors and financial institutions and form technological partnerships, to fulfil the objectives of integration, become a major regional investment hub and play its due role in the development of national economy. For more information, contact: Shakil Ahmad Chaudhary Head, Internal and External Communication Securities and Exchange Commission of Pakistan (SECP) NIC Building, 63 Jinnah Avenue, Islamabad Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378) Fax: +92-51-9206459 Cell: +92-302-8552254 E-mail: shakil.chaudhary@secp.gov.pk Website: www.secp.gov.pk Click for detailed story

Feb 292016
 
Pakistan, Japan sign agreements for support in energy, education sectors

Islamabad, March 01, 2016 (PPI-OT): Pakistan and Japan on Tuesday signed bilateral agreements for two projects to support energy and education sectors in Pakistan. Charge d’ Affaires ad interim of the Embassy of Japan, Mr. Junya Matsuura and Mr. Tariq Bajwa, Secretary, Economic Affairs Division (EAD) signed the agreements at a ceremony held at the Economic Affairs Division. The Government of Japan has accordingly agreed to provide grants approximately worth 1,967 million Yen (approx. 17.5 million USD) to the Government of Pakistan to strengthen training facilities on power grid operations and to build around 25 girls’ schools in Northern Rural Sindh. The agreements add another chapter to Pak-Japan economic cooperation. Senior officials of the Economic Affairs Division and the Embassy of Japan attended the signing ceremony. For more information, contact: Haji Ahmed Malik Principal Information Officer Press Information Department (PID) Tel: +92-51-9252323 and +92-51-9252324 Fax: +92-51-9252325 and +92-51-9252326 Email: piopid@gmail.com Click for detailed story

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