Pakistan Press Release Distribution Services

Recent Press Releases

Vivid Sydney’s Glow Takes Over the City

May 27, 2016 | Entertainment | Share:

World’s largest festival of light, music and ideas kicks off in Sydney SYDNEY, May 27, 2016 /PRNewswire/ — Image gallery of Vivid Sydney available here Broadcast quality footage available here Sydney, Australia is awash with colour this evening as more than 90 light installations light up the city for the annual Vivid Sydney festival, projecting […]

Read More

Extraordinary general meeting of Hi-Tech Lubricant Limited to be held on June 16, 2016

May 26, 2016 | General

Karachi, Hi-Tech Lubricant Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on June 16, 2016 at Lahore. The agenda of the meeting will be confirming the minutes of 4th extraordinary general meeting held on Dec 23, 2015. Further, the closed period of the company is from June 09, 2016 to June 16, 2016 (both days inclusive). Hi-Tec Lubricants is ISO 9001:2008 Certified Company. Hi-Tec Lubricants is a part of the MAS group of companies and has been marketing lubricants in Pakistan for the last 20 years. They have been hitherto focusing marketing efforts mainly in the retail markets and our performance in industrial sector has been satisfactory and their products are available in more than seventy-two stations in Pakistan through their network of distributors. The lubricants they are marketing in Pakistan are manufactured by the world renowned M/s SK Corporation, South Korea. SK has the single largest Petrochemical Chemical Complex in the world, having the state art upstream and downstream manufacturing facilities. SK facilities and its products have the required ISO approval i.e. ISO 9002 and the coveted Environment Management System ISO 14001. In the Lubricant Sector, SK enjoys a enviable position as it is the single largest producer for VHVI Base Oil. This base is used for SK producing Lubricants and is also exported to leading multinational lubricant blenders. The symbol “HTL” is being used by the stock exchanges for the shares of Hi-Tech Lubricant Limited.

Read More

Transaction of 2,500 shares of Jubilee Life Insurance Company Limited

May 26, 2016 | General

Karachi, Jubilee Life Insurance Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 2,500 shares @ Rs. 10.38 per share were sold in the market on May 25, 2016 through CDC. Jubilee Life Insurance Company Limited incorporated in Pakistan on June 29, 1995 as a public limited company under the Companies Ordinance, 1984. The operations of the company started on June 20, 1996. The products and services which the company offers include individual life insurance, banc assurance, micro insurance, corporate insurance and priority insurance. The shares of the company are quoted at the Karachi Stock Exchange. The registered office of the company is located in Karachi. Jubilee Life Insurance is a subsidiary of the Aga Khan Fund for Economic Development, Switzerland. It is the economic development arm of the AKDN, a group of private, non-denominational development agencies. The sister concerns of the company are the Aga Khan University Hospital, Jubilee General Insurance Company Limited, the Aga Khan Health Services, Tourism Promotion Services, First Micro Finance Bank Limited, Habib Bank Limited, the Aga Khan Education Services and Focus Humanitarian Assistance. The international associate of the company includes Jubilee Insurance Kenya, Uganda, Tanzania, Burundi and Mauritius. The symbol “JLICL” is being used by the stock exchanges for the shares of Jubilee Life Insurance Company Limited.

Read More

Extraordinary general meeting of Trust Investment Bank Limited to be held on June 17, 2016

May 26, 2016 | General

Karachi, Trust Investment Bank Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on June 17, 2016 at Lahore. The agenda of the meeting will be confirming the minutes of 24th annual general meeting held on Oct 30, 2015. Further, the closed period of the company is from June 10, 2016 to June 17, 2016 (both days inclusive). Trust Investment Bank Limited was incorporated in 1992 as a public limited company under the Companies Ordinance, 1984. The company is mainly engaged in the business of investment finance services. It is classified as a Non-Banking Finance Company and is regulated by the Securities and Exchange Commission of Pakistan. The registered office of the company is located in Lahore. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. Trust Capital Private Limited is the subsidiary of Trust Investment Bank Limited. TCPL is engaged in the business of stock brokerage, portfolio management and trading in listed securities on all the three Stock Exchanges of Pakistan. The banks portfolio includes services related to financial products i.e. trade finance, factoring, term loans, investment advisory services, syndication and trusteeship services etc. The bank serving clients in the urban centers like Karachi, Lahore, Faisalabad & Islamabad as well as smaller towns like Multan & Peshawar. Besides this the bank works with local and international financial institutions for local or foreign currency syndications. Fixed term deposits and services are managed by the bank. The symbol “TRIBL” is being used by the stock exchange for the shares of Trust Investment Bank Limited.

Read More

Transaction of 34,000 shares of Bank Al-Falah Limited

May 26, 2016 | General

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about transaction of shares of the company. 29,000 shares @ Rs. 24.91 per share and 5,000 shares @ 24.90 per share sold in the market on May 24, 2016 through CDC. Bank Alfalah Limited was incorporated as a public limited company on June 21, 1992. The foundations of the bank are laid under the Companies Ordinance 1984. The banking operations of the company commenced from November 1, 1997. The bank is owned and operated by the Abu Dhabi Group and does business through a network of over 500 branches in more than 170 cities in Pakistan. The bank has an international presence in Afghanistan, Bangladesh, Bahrain and a representative office in the UAE. The shares of the bank are quoted on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The core operations of the bank are providing financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, commercial, SME, agri-finance, Islamic and asset financing. The symbol “BAFL” is being used by the stock exchanges for the shares of Bank Al-Falah Limited.

Read More

Chance of R/TA Confirmation of First Pak Modaraba

May 26, 2016 | General

Karachi, Pakistan Stock Exchange informed that R/TA has been changed for Modaraba Certificates of First Pak Modaraba in CDS w.e.f. May 23, 2016. New R/TA name is F.D Registrar Services (Smc-Pvt.) Limited with New R/TA ID of C00451. First Pak Modaraba is a multipurpose, perpetual modaraba. It is registered under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Modaraba Companies and Modaraba Rules, 1981 and is managed by Royal Management Services Private Limited, a company incorporated under the Companies Ordinance, 1984. The Modaraba is currently engaged in various modes of Islamic funding and businesses which include Ijarah Financing, deployment of fund in musharika, morabaha and investment in securities. The stocks of the modaraba are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the modaraba is situated at Islamabad. The symbol “PAKMI” is being used by the stock exchange for the shares of First Pak Modaraba.

Read More

Dispatch of final dividend warrants of GlaxoSmithKline Pakistan Limited

May 26, 2016 | General

Karachi, GlaxoSmithKline Pakistan Limited informed Pakistan Stock Exchange that final dividend warrants @ Rs. 4 per share, i.e. 40% for year ended Dec, 2015 have been dispatched to the shareholders by registered post or through courier service on May 25, 2016. Glaxo Smith Kline Pakistan Limited is incorporated in Pakistan as a limited liability company. The company is engaged in manufacturing and marketing of research based pharmaceutical and consumer products. The company is a subsidiary of S.R. One International B.V., Netherlands, whereas its ultimate parent company is GlaxoSmithKline Plc, UK. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The company was created on January 1, 2001 through the merger of SmithKline and French of Pakistan Limited, Beecham Pakistan Private Limited and Glaxo Wellcome Pakistan Limited. Some of the pharmaceutical brands produced by the company include Augmentin, Seretide, Amoxil, Velosef, Zantac and Calpol and renowned consumer healthcare brands, which include Panadol, Horlicks, Aquafresh, Macleans and ENO. The symbol “GLAXO” is being used by the stock exchanges for the shares of GlaxoSmithKline Pakistan Limited.

Read More

Business News

Chief Executive Trade Development Authority of Pakistan meets Russian delegation

May 26, 2016 | General Business News | Share:

Karachi, May 26, 2016 (PPI-OT): Chief Executive, TDAP Mr. S.M Muneer along with Dr. M. Yousuf Khan, Director General, TDAP and other officers had a meeting with the representatives of Russian delegates at TDAP Head-office Karachi on 25-May-2016. The Russian side was represented by Mr. Sergey Vasiliev, Deputy Chairman, Chamber of Commerce and Industry of …

Read More

Official News

Business community supports economic vision of Prime Minister: Abdul Rauf Alam

May 26, 2016 | Chambers of Commerce | Share:

Karachi, May 26, 2016 (PPI-OT): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday lauded the government for stabilising bankrupting economy within three years contrary to expectations […]

Read More

Company News

Board of directors meeting in progress of Dadex Eternit Limited

May 26, 2016 | Board Meetings | Share:

Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange that the board of directors meeting of the company is in progress due to which company was unable to communicate the financial results on April 26, 2016. The results of the meeting shall be conveyed on the next working day i.e. April 27, 2016. Dadex Eternit Limited is a limited liability company incorporated in Pakistan on April 13, 1959 as a public limited company under the Companies Ordinance, 1984. Sikander Private Limited is the holding company which represents 63.18% shares of the company. The principal business activities of the company include manufacturing and sale of construction material which includes piping systems and other allied products manufactured from chrysotile cement, rubber and plastics, merchandising of imported pipe fittings, accessories and other building products. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The company operates with three factories located Karachi, Hyderabad and Lahore. The company has a rubber plant located within Karachi which produces rubber rings to meet the international standards. Besides this the company is also associated with providing irrigation solutions for agriculture and landscaping. The symbol “DADX” is being used by the stock exchanges for the shares of Dadex Eternit Limited.

Read More

Energy & Power

Rivers flows and reservoirs level report

May 26, 2016 | Energy & Power | Share:

Lahore, May 26, 2016 (PPI-OT): The position of the river inflows and outflows at Tarbela, Mangla and Chashma along with the reservoirs levels and the barrages today is as under: […]

Read More

Board Meetings

Board of directors meeting in progress of Dadex Eternit Limited

May 26, 2016 | Board Meetings | Share:

Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange that the board of directors meeting of the company is in progress due to which company was unable to communicate the financial results on April 26, 2016. The results of the meeting shall be conveyed on the next working day i.e. April 27, 2016. Dadex Eternit Limited is a limited liability company incorporated in Pakistan on April 13, 1959 as a public limited company under the Companies Ordinance, 1984. Sikander Private Limited is the holding company which represents 63.18% shares of the company. The principal business activities of the company include manufacturing and sale of construction material which includes piping systems and other allied products manufactured from chrysotile cement, rubber and plastics, merchandising of imported pipe fittings, accessories and other building products. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The company operates with three factories located Karachi, Hyderabad and Lahore. The company has a rubber plant located within Karachi which produces rubber rings to meet the international standards. Besides this the company is also associated with providing irrigation solutions for agriculture and landscaping. The symbol “DADX” is being used by the stock exchanges for the shares of Dadex Eternit Limited.

Read More

Entertainment

Vivid Sydney’s Glow Takes Over the City

May 27, 2016 | Entertainment | Share:

World’s largest festival of light, music and ideas kicks off in Sydney SYDNEY, May 27, 2016 /PRNewswire/ — Image gallery of Vivid Sydney available here Broadcast quality footage available here Sydney, Australia is awash with colour this evening as more than 90 light installations light up the city for the annual Vivid Sydney festival, projecting […]

Read More