Pakistan Press Release Distribution Services

Recent Press Releases

DHA Parks – Bringing nature and beauty together

December 7, 2016 | General | Share:

Karachi, December 07, 2016 (PPI-OT): Parks are important elements of a city which serve the purpose of revitalization of senses. DHA has paid special attention to the horticultural needs of […]

Read More

Rivers flows and reservoirs level report

December 7, 2016 | Energy & Power

Lahore, December 07, 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

China 2016 Asian International Stamp Exhibition Closed in Nanning

December 7, 2016 | General

Nanning, China, Dec. 7, 2016 /Xinhua-AsiaNet/– China 2016 Asian International Stamp Exhibition was held from December 2 to December 6 in Nanning. The Exhibition was sponsored by Inter-Asia Philatelic Federation (FIAP) and recognized by International Philatelic Federation (FIP). Established by the FIAP, the exhibition is a regional stamp exhibition which is aimed to boost the […]

Read More

Material Information of Wyeth Pakistan Limited

December 6, 2016 | General

Karachi, Wyeth Pakistan Limited informed Pakistan Stock Exchange that a strategic proposal is being considered by the Board of the Company for disposal of its manufacturing facility and certain related products manufactured at the facility. No disclosure of material information has been made by the Company in this respect as the Company believes that since no decision has been taken by the Board in relation to the proposal it would have been misleading for the market to make any pre-mature disclosure. Wyeth Pakistan Limited is a public limited company incorporated in 1949 in Pakistan. The company is engaged in manufacturing and marketing of research based ethical specialties and other pharmaceutical products. With effect from October 15, 2009 Pfizer Inc. has acquired WYETH LLC, USA. Accordingly Pfizer Inc. USA has become the ultimate parent USA of the company however, Wyeth LLC, USA continues to be the principal shareholder of the company. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The symbol “WYETH” is being used by the stock exchanges for the shares of Wyeth Pakistan Limited.

Read More

Transaction of 4,000 shares of Engro Fertilizers Limited

December 6, 2016 | General

Karachi, Engro Fertilizers Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000 shares @ Rs. 65.21 per share were sold in the market on December 02, 2016 and 3,000 shares @ Rs. 66 per share were sold in the market on December 05, 2016 through CDC. Engro Fertilizers Limited is a wholly owned subsidiary of Engro Corporation which incorporated in June 29, 2009 under the Companies ordinance, 1984 in Pakistan. Nitrogenous urea, phosphate & blended fertilizers, and micronutrients are imported, manufactured and sold by the company. Other activities include training and educating the farmers for generating a better yield. The registered office of the company is located in Karachi and the manufacturing facility is located in Daharki. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The product line of the company includes Nitrogenous urea, phosphate & blended fertilizers, and micronutrients. The products of the company include Engro Urea, Engro DAP, Engro Zorawar, Engro Zarkhez and Zingro. The symbol “EFERT” is being used by the stock exchange for the shares of Engro Fertilizers Limited.

Read More

Financial results of Husein Industries Limited for quarter ended March 31, 2015

December 6, 2016 | General

Karachi, Husein Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 06, 2016. The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2015 which portrayed a loss of Rs. 8,062 with loss per share 0.76 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Husein Industries Limited was incorporated in 1951 as a manufacturer and exporter of textile products. The company’s manufacturing activities includes spinning, weaving and processing of home textile and apparel. The products of the company range from bedding, curtains, cushions, blankets and other apparels. The registered office of the company is located in Karachi. The symbol “HUSI” is being used by the stock exchange for the shares of Husein Industries Limited.

Read More

Dispatch of final dividend warrants of Pioneer Cement Limited

December 6, 2016 | General

Karachi, Pioneer Cement Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs. 3.75 per share, i.e. 37.50% for the year ended June 30, 2016 have been dispatched by registered post or through courier service on December 05, 2016. Pioneer Cement Limited was incorporated in Pakistan as a public limited company by shares on February 09, 1986. The principal activity of the Company is manufacturing and sale of cement. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges in Pakistan. The registered office of the company is located in Lahore. The production plant of the company is situated in district Khushab. The company commenced its operations with an installed capacity of 2,000 tons per day clinker. During 2005, the capacity was optimized to 2,350 tons per day. During the year ended June 30, 2006, another production line of 4,300 tons per day clinker capacity was completed which started commercial operations from April 2006. The company is ISO 14001-2004 and ISO 9001-2008 certified. The symbol “PIOC” is being used by the stock exchange for the shares of Pioneer Cement Limited.

Read More

Business News

LG Electronics Promotes Head of Successful Home Appliance Business to Company CEO

December 6, 2016 | General Business News | Share:

Karachi, December 06, 2016 (PPI-OT): LG Electronics (LG) announced that Seong-jin Jo, the head of its Home Appliance and Air Solution (H and A) Company and one of the three Representative Directors responsible for key decisions of the entire organization, has been promoted to the position of sole Chief Executive Officer, effective immediately. Mr. Jo’s responsibility will extend across all of LG Electronics’ business units including the H and A Company, Mobile Communications, Home Entertainment and Vehicle Components and oversight of over 120 operations around the world.

Mr. Jo (60), joined Goldstar in 1976, becoming part of the team which developed LG’s first automatic washing machine in 1980. Prior to becoming president of the H and A Company in 2015, Mr. Jo was the head of LG’s H and A washing machine division. In 2007, Mr. Jo received the Bronze Tower Order of Industrial Service Merit from the Korean government in recognition of his valuable contributions to the development of new technologies and Korean industry. More recently Mr. Jo was instrumental in LG’s move into premium appliances with the introduction of the LG SIGNATURE brand and built-in Signature Kitchen Suite as well as building the foundation for future businesses in the areas of IoT and smart homes.

The Board of Directors of LG also promoted Dae-hyun Song (58), currently head of the CIS Region and president of LG Russia, to president and CEO of the Home Appliance and Air Solutions Company, replacing Mr. Jo. A 33-year veteran of LG Electronics, Mr. Song has been involved on the business side of nearly every major product line of the H and A Company, including air conditioners, refrigerators and cooking appliances. As head of Russia and CIS since 2012, Mr. Song was responsible for successfully growing LG’s business in the region during an economically challenging period.

In addition to the promotions of Messrs. Jo and Song, five others were promoted to executive vice presidents, thirteen executives were named senior vice presidents and thirty-eight individuals were made new vice presidents. New roles and responsibilities take effect today, Dec. 1, 2016, with promotions going into effect on Jan. 1, 2017 after the general meeting of shareholders.

For more information, contact:
LG Pakistan
Corporate Office
ST-8, 4th Floor, Tower-A, Technology Park,
Main Shahrah-e-Faisal,
Karachi
Representative Phone Number: +92 (0) 21 32787452
FAX: +92 (0) 21 3278 7463
Web: http://www.lg.com/pk

Read More

Official News

Saudi Arabia asked to focus on enhancing imports from Pakistan

December 7, 2016 | Chambers of Commerce | Share:

Islamabad, December 07, 2016 (PPI-OT): A delegation of Islamabad Chamber of Commerce and Industry led by President Khalid Iqbal Malik called on H.E. Abdullah Marzouq Al-Zahrani, Ambassador of Saudi Arabia […]

Read More

Company News

Board meeting of Philip Morris Pakistan Limited

December 6, 2016 | Board Meetings | Share:

Karachi, Philip Morris Pakistan Limited informed Pakistan Stock Exchange that the board of directors of the Company in its meeting held on December 05, 2016 approved the sale of Company’s idle property situated in Karachi. Phillip Morris Pakistan Limited was incorporated on February 10, 1969. It is a publically listed company under the Companies Ordinance 1984. The company is a subsidiary of Phillip Morris International Inc., through Phillip Morris Investment B.V. and Phillip Morris Brands Sarl. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges. Its core activities include manufacturing tobacco and cigarettes. The registered office of the company is located in Karachi. The company acquired a major stake in the business in 2007. The company has a tobacco-leaf threshing plant, three cigarette manufacturing factories and sales offices across the country. The employee strength amounts to around 2,500 people. The symbol “PMPK” is being used by the stock exchanges for the shares of Phillip Morris Pakistan Limited.

Read More

Energy & Power

Rivers flows and reservoirs level report

December 7, 2016 | Energy & Power | Share:

Lahore, December 07, 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 meeting of Philip Morris Pakistan Limited

December 6, 2016 | Board Meetings | Share:

Karachi, Philip Morris Pakistan Limited informed Pakistan Stock Exchange that the board of directors of the Company in its meeting held on December 05, 2016 approved the sale of Company’s idle property situated in Karachi. Phillip Morris Pakistan Limited was incorporated on February 10, 1969. It is a publically listed company under the Companies Ordinance 1984. The company is a subsidiary of Phillip Morris International Inc., through Phillip Morris Investment B.V. and Phillip Morris Brands Sarl. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges. Its core activities include manufacturing tobacco and cigarettes. The registered office of the company is located in Karachi. The company acquired a major stake in the business in 2007. The company has a tobacco-leaf threshing plant, three cigarette manufacturing factories and sales offices across the country. The employee strength amounts to around 2,500 people. The symbol “PMPK” is being used by the stock exchanges for the shares of Phillip Morris Pakistan Limited.

Read More

Entertainment

CATHERINE A. NOVELLI CALLS FINANCE MINISTER ISHAQ DAR Islamabad

December 6, 2016 | Entertainment, General | Share:

Senator Mohammad Ishaq Dar, Minister for Finance, received a telephone call from Ms Catherine A. Novelli, Under Secretary of State for Economic Growth, Energy and Environment, U.S. State Department today.Ms. Novelli appreciated the deep reforms and bol…

Read More