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Recent Press Releases

Amendments made in the Finance Act – 2016-17

August 26, 2016 | | Share:

Karachi, Pakistan Stock Exchange that the amendments pertaining to the Capital Gain Tax Regime implemented through National Clearing Company of Pakistan Limited (“NCCPL”) are listed on the website of Pakistan Stock Exchange; they shall be effective from July 01, 2016.

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Suspension of trading in the shares of the companies

August 26, 2016 |

Karachi, Pakistan Stock Exchange informed that trading in the shares of the following companies shall remain suspended for another period of 60 days from August 29, 2016 or until such time as the cause of suspension have been rectified.
Globe Textile M…

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Notice for change of status of branch office into office and office into branch office

August 26, 2016 |

Karachi, Pakistan Stock Exchange informed that to all market participants that M\S Ghani Osman Securities Private Limited, TRE certificate holder of the exchange has intimated the exchange the change of status of their branch office and office into bra…

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Hemispherx Biopharma Announces Major Breakthrough: Approval for Commercial Sale of Rintatolimod (U.S. Tradename: Ampligen®) to Treat Severe Cases of Myalgic Encephalomyelitis/Chronic Fatigue Syndrome (ME/CFS) in the Argentine Republic

August 26, 2016 | Business & Finance

First Product Approved for ME/CFS Indication Anywhere in the World Breakthrough Approval Provides Clear Path for Growth in Latin America and the European Union PHILADELPHIA, Aug. 26, 2016 (GLOBE NEWSWIRE) — Hemispherx Biopharma, Inc. (NYSE MKT:HEB) (the “Company” or “Hemispherx”), announced that it has received approval of its New Drug Application (NDA) from Administracion Nacional […]

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Voluntarily delisting of KASB Corporation Limited

August 26, 2016 | General

Karachi, KASB Corporation Limited informed Pakistan Stock Exchange that the initial buy-back period of purchase of shares has already been expired on July 31, 2016. The remaining minority shareholders of the company, who could not avail the opportunity earlier and desire to sell the shares are requested to approach their purchase agent M/s. Al Hoqani Securities & Investment Corporation (Private) Limited. KASB Corporation Limited was incorporated in Pakistan on April 11, 1996 as a Public Limited Company. It received certificate of commencement of business on January 27, 1997. KASB Finance Private Limited is considered as the holding company. The core business operations of the company are undertaking portfolio investment management and investment in other financial instruments. During the previous year, the majority shareholders of the Company entered into an agreement with KASB Finance Private Limited about acquisitions of 29,996,406 ordinary shares of the company, representing 99.99% of the issued and paid up capital of the company. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the Company is located in Islamabad. On May 31, 2012, the Securities and Exchange Commission of Pakistan de-registered the Company as a Non-banking Finance Company and revoked its license to carry on leasing business on June 22, 2012. The SECP has issued certificate of change of name of the company from “Sigma Leasing Corporation Limited” to “Sigma Corporation Limited”. On 5 September 2013, SECP issued a certificate for change of name of the company from “Sigma Corporation Limited” to “KASB Corporation Limited. Necessary amendments have also been made in the Memorandum and Articles of Association of the company. The symbol “KCORP” is being used by the stock exchanges for the shares of KASB Corporation Limited.

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Financial results of Standard Chartered Bank Pakistan Limited for period ended June 30, 2016

August 26, 2016 | General

Karachi, Standard Chartered Bank Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 25, 2016. The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended June 30, 2016 which portrayed a profit of Rs. 5,294,859 and Rs. 2,085,385 with earnings per share 1.37 and 0.54 basic and diluted respectively. Further, Rs. 0.75 per share i.e. 75% payment of cash dividend, nil bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from September 16, 2016 to September 22, 2016 (both days inclusive). Standard Chartered Bank Pakistan Limited was incorporated in Pakistan on July 19, 2006. It was granted approval for commencement of banking business by State Bank of Pakistan, with effect from December 30, 2006. The ultimate holding company of the Bank is Standard Chartered PLC which is incorporated in England. The Bank commenced formal operations on December 30, 2006 through amalgamation of entire undertaking of Union Bank Limited and the business carried on by the branches in Pakistan of Standard Chartered Bank, a bank incorporated by Royal Charter and existing under the laws of England. The scheme of amalgamation was sanctioned by State Bank of Pakistan vide its order dated December 4, 2006. The registered office of the bank is located in Karachi. The bank serves retail, corporate and institutional banking customers. Retail banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Corporate and institutional banking provides clients with services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance. It also offers a complete suite of Islamic banking solutions under its Standard Chartered Saadiq brand. It is engaged in the banking business as defined in the Banking Companies Ordinance, 1962 and has a total number of 130 branches operating in Pakistan as on December 31, 2012. Standard Chartered Bank Pakistan Limited has three subsidiaries all of them incorporated in Pakistan. The subsidiaries are namely Standard Chartered Leasing Limited, Standard Chartered Modaraba and Standard Chartered Services of Pakistan Private Limited The symbol “SCBPL” is being used by the stock exchanges for the shares of Standard Chartered Bank Pakistan Limited.

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

August 26, 2016 | General

Karachi, GlaxoSmithKline Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 26, 2016. The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended June 30, 2016 which portrayed a profit of Rs. 1,073,339 and Rs. 363,981 with earnings per share 3.37 and 1.15 respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. 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.

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Business News

Commercial banks unpreparedness for facilitating business with Iran detrimental

August 26, 2016 | General Business News | Share:

Karachi, August 26, 2016 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) invited the attention of the Director State Bank of Pakistan (SBP) Policy and Regulations Department to the unpreparedness of commercial banks for facilitating transactions with Iran although the SBP circular dated February 25th 2016 very clearly and specifically permits transactions with Iran. …

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Official News

CCTV cameras to be installed at worship places of minorities: Dr. Khatumal Jeewan

August 26, 2016 | Ministries | Share:

Karachi, August 26, 2016 (PPI-OT): Special Assistant to Chief Minister Sindh for Minority Affairs Dr Khatumal Jeewan has said that Sindh government has taken practical steps to provide security to […]

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Company News

Board meeting of Gadoon Textile Mills Limited to be held on September 02, 2016

August 26, 2016 | Board Meetings | Share:

Karachi, Gadoon Textile Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on September 02, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from August 26, 2016 to September 05, 2016 (both days inclusive). Gadoon Textile Mill Limited was incorporated in Pakistan on February 23, 1988. The commercial production of the business started in 1990. It is a public limited company under the Companies Ordinance, 1984. The company is engaged in the business of manufacturing and selling yarn. The registered office of the company is located in district Swabi. The manufacturing facilities of the company are located near Gadoon and Nooriabad near Karachi. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The products which are manufactured by the company include compact yarn, murata jet spinning yarn, core spun yarn, compact core spun yarn, grey cotton, ring spun yarn, synthetic yarn and poly cotton yarn. The symbol “GADT” is being used by the stock exchange for the shares of Gadoon Textile Mill Limited.

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Energy & Power

Rivers flows and reservoirs level report

August 26, 2016 | Energy & Power | Share:

Lahore, August 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 meeting of Gadoon Textile Mills Limited to be held on September 02, 2016

August 26, 2016 | Board Meetings | Share:

Karachi, Gadoon Textile Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on September 02, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from August 26, 2016 to September 05, 2016 (both days inclusive). Gadoon Textile Mill Limited was incorporated in Pakistan on February 23, 1988. The commercial production of the business started in 1990. It is a public limited company under the Companies Ordinance, 1984. The company is engaged in the business of manufacturing and selling yarn. The registered office of the company is located in district Swabi. The manufacturing facilities of the company are located near Gadoon and Nooriabad near Karachi. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The products which are manufactured by the company include compact yarn, murata jet spinning yarn, core spun yarn, compact core spun yarn, grey cotton, ring spun yarn, synthetic yarn and poly cotton yarn. The symbol “GADT” is being used by the stock exchange for the shares of Gadoon Textile Mill Limited.

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Entertainment

PRESIDENT KOC GROUP TURKEY CALLS ON THE PRIME MINISTER Islamabad

August 25, 2016 | Brokerage, Entertainment | Share:

Mr. Fatih Kemal Ebiclioglu, President KOC Group Turkey along with delegation called on Prime Minister Muhammad Nawaz Sharif at PM House today.Ambassador of Turkey to Pakistan Mr. Babur Girgin was also present during the meeting.Welcoming the delegation…

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