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Recent Press Releases

Norwegian national payment scheme BankAxept trusts Gemalto to enable mobile financial services for banks

September 27, 2016 | Business & Finance | Share:

AMSTERDAM, Netherlands, Sept. 27, 2016 (GLOBE NEWSWIRE) — Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, has been awarded a major contract by BankAxept, the national payment scheme of Norway, to enable all local banks to interconnect through a single credentials management hub for streamlined and secure management of mobile payments services. BankAxept […]

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Idera Pharmaceuticals Reports Promising Data from Ongoing Phase 1 Dose Escalation in Clinical Trial of Intra-tumoral IMO-2125 in Combination with Ipilimumab in Patients with PD-1 Refractory Metastatic Melanoma

September 26, 2016 | Uncategorized

– 3 Patients with PD-1 Refractory Cutaneous Melanoma are Responders Including One Complete Response (CR) – – Driven by Increased Prioritization of IMO-2125 Clinical Development, Company Suspends Development of IMO-8400 for B-Cell Lymphomas – CAMBRIDGE, Mass. and EXTON, Pa., Sept. 26, 2016 (GLOBE NEWSWIRE) — Idera Pharmaceuticals, Inc. (NASDAQ:IDRA), a clinical-stage biopharmaceutical company developing Toll-like receptor […]

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Financial results of Pakistan PVC Limited for period ended June 30, 2016

September 26, 2016 | General

Karachi, Pakistan PVC Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on September 24, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 24,713,900 with loss per share 1.65 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 20, 2016 to October 29, 2016 (both days inclusive). Pakistan PVC Limited is a Chlor-Alkali/PVC Complex, producing PVC Resins and processing these and other thermo-plastic compounds into finished and semi-finished products. The Plant is situated at Shaffiabad , Gharo district Thatta , 66 KM from Karachi. Another production facility for pipes and fittings has been put up at Islamabad Industrial Area. The symbol “PPVC” is being used by the stock exchanges for the shares of Pakistan PVC Limited.

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Extraordinary general meeting of Pak Elektron Limited to be held on October 21, 2016

September 26, 2016 | General

Karachi, Pak Elektron Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on October 21, 2016 at Lahore. The agenda of the meeting will be confirming the minutes of the annual general meeting held on April 28, 2016 and to elect Seven Directors as fixed by the Board under Section 178 and 180 of the Companies Ordinance, 1984 for a period of three years. Further, the closed period of the company is from October 17, 2016 to October 23, 2016 (both days inclusive). Pak Elektron Limited was incorporated in Pakistan on March 03, 1956 as a public limited company. The foundations of the company are developed under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. It is currently organized into two main operating divisions the power division and appliances division. The stocks of the company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The activities of the company in the power division include manufacturing and distribution of transformers, switchgears, energy meters, power transformers, construction of grid stations and electrification works. The appliance division is associated with manufacturing, assembling and distribution of refrigerators, air conditioners, microwave ovens, televisions, generators and washing machines. The symbol “PAEL” is being used by the stock exchanges for the shares of Pak Elektron Limited.

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Financial results of Fateh Industries Limited for period ended June 30, 2016

September 26, 2016 | General

Karachi, Fateh Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Hyderabad on September 29, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 8,896,583 with earnings per share 4.45 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 25, 2016 to October 31, 2016 (both days inclusive). Fateh Industries Ltd is a Shoe Manufacturing Unit based in Hyderabad. They have the capacity to produce 1.2 million pairs per annum. Our company has all the modern equipment to produce high quality leather shoes. In past they have been working with high class brands such as Bally, Balitimoore and many others. They are working in local market with our high quality brand ARINO. The symbol “FIL” is being used by the stock exchange for the shares of Fateh Industries Limited.

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Financial results of Nishat Power Limited for period ended June 30, 2016

September 26, 2016 | General

Karachi, Nishat Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 26, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 2,851,065 with earnings per share 8.052 basic and diluted respectively. Further, 15% payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 22, 2016 to October 29, 2016 (both days inclusive). Nishat Power Limited is a public limited company incorporated in Pakistan in February 2007 under the Companies Ordinance, 1984. It is a subsidiary company of Nishat Mills Limited. The principal activity of the company is to build, own, operate and maintain a fuel fired power station having gross capacity of 200 MW ISO in Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab, Pakistan. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located in Lahore. The company has a Power Purchase Agreement with its sole customer, National Transmission and Dispatch Company Limited for twenty five years which commenced from June 09, 2010. The symbol “NPL” is being used by the stock exchanges for the shares of Nishat Power Limited.

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Financial results of Fateh Sports Wear Limited for period ended June 30, 2016

September 26, 2016 | General

Karachi, Fateh Sports Wear Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Hyderabad on September 26, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 1,247,987 with loss per share 0.62 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 25, 2016 to October 31, 2016 (both days inclusive). Fateh Sports Wear Limited is a company incorporated in pakistan as a public limited company. The principal activity of the company is manufacturing of readymade garments and selling them locally as well as doing export. Currently the manufacturing activity of the company is closed. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The plant of the company is located at Hyderabad. The symbol “FSWL” is being used by the stock exchanges for the shares of Fateh Sports Wear Limited.

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Business News

Economy stable but some indicators threatening many Countries shifting investment to safe destinations Pak-India tensions to hit economy of both countries: Mian Zahid Hussain

September 26, 2016 | General Business News | Share:

Islamabad, September 26, 2016 (PPI-OT): President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Monday said economy is stable but some indicators are threatening that should be considered immediately. Situation of exports, remittances and investment is unsatisfactory while …

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Official News

Study recommends pregnant women with jaundice should be screened for hepatitis e

September 26, 2016 | Press Information Department | Share:

Islamabad, September 26, 2016 (PPI-OT): Pakistan Health Research Council attached department of Ministry of National Health Services, conducted study that Hepatitis E during pregnancy becomes fatal. This study was done […]

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Company News

Board of directors meeting of Fauji Fertilizer Company Limited

September 26, 2016 | Board Meetings | Share:

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange that 178th board of directors meeting of the company will be held on October 04, 2016 at Rawalpindi. The agenda of the meeting is to consider investment opportunities. Further, the Company has declared the closed period from September 27, 2016 to October 04, 2016 Fauji Fertilizer Company Limited is a public company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizer, chemical, other manufacturing, and energy generation and banking operations. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Rawalpindi and it is domiciled there. Associated companies of the group are FFC Energy Limited, Fauji Fertilizer Bin Qasim Limited, Askari Bank Limited and Al-Hamd Foods Limited. The symbol “FFC” is being used by the stock exchanges for the shares of Fauji Fertilizer Company Limited.

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Energy & Power

Rivers flows and reservoirs level report

September 26, 2016 | Energy & Power | Share:

Lahore, September 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: […]

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Board Meetings

Board of directors meeting of Fauji Fertilizer Company Limited

September 26, 2016 | Board Meetings | Share:

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange that 178th board of directors meeting of the company will be held on October 04, 2016 at Rawalpindi. The agenda of the meeting is to consider investment opportunities. Further, the Company has declared the closed period from September 27, 2016 to October 04, 2016 Fauji Fertilizer Company Limited is a public company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizer, chemical, other manufacturing, and energy generation and banking operations. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Rawalpindi and it is domiciled there. Associated companies of the group are FFC Energy Limited, Fauji Fertilizer Bin Qasim Limited, Askari Bank Limited and Al-Hamd Foods Limited. The symbol “FFC” is being used by the stock exchanges for the shares of Fauji Fertilizer Company Limited.

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Entertainment

Prime Minister Nawaz Sharif arrives in London en route to Pakistan

September 24, 2016 | Brokerage, Entertainment | Share:

Prime Minister Muhammad Nawaz Sharif arrived in London en route to Pakistan from New York, where he addressed the 71st Session of the United Nations General Assembly (UNGA). The Prime Minister was received at the airport by H.E. Syed Ibne Abbas, High C…

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