President pays tributes to workers on Pakistan People’s Party’s Founding Day

Islamabad, November 30, 2012 (PPI-OT): On the eve of the 46th founding day of the Pakistan Peoples Party on Friday November 30, 2012 Co-Chairman and President Asif Ali Zardari has asked the democratic forces in the country to gear themselves for the forthcoming elections which he said will be held in a fair, free and transparent manner within the constitutionally mandated time frame. He also called for continuous struggle to build a progressive and democratic Pakistan in which everyone lives with honour and dignity.

The founding day celebrations this year are taking place at a time when the democratically elected government is nearing completion of its term after having waded through a sea of vicious campaign to tarnish its image, he said in a message on the occasion adding also, “It is an occasion for celebrations and rejoicing as well as of introspection”.

“Let us pledge once again today that we will continue to work for strengthening democratic institutions as envisioned by Shaheed Mohtarma Bhutto and for which she laid down her life”.

Bhutto-ism is the name of an ideology that lives and will live on to empower the people and strengthen democracy and democratic institutions and to serve the masses, he said.

As the government nearly completes its democratic tenure it is useful to look up the score card and brace for the challenges that lie ahead, the President said.

Recounting the achievements of the government and democratic political forces the President said that these included restoration of the unanimous Constitution of 1973, opening the doors of political reforms for the first time in over a century reforms in FATA, democratic amendments in the FCR, empowering the Parliament, strengthening democracy through political reconciliation, taking the militants head on and launching a massive poverty alleviation program the Benazir Income Support Program (BISP).

These are some of the great victories and the people of Pakistan can be genuinely proud of it, he said.

Paying tributes to the political workers he said that the courageous and devoted political workers are the pillars of the political process and the nation. They have never wavered in their quest for a modern, progressive and democratic Pakistan, the President said.

The President said that democracy has survived and flourished on the sweat, blood and tears of political workers. It is because of their sacrifices that dictatorship has not been able to take roots in Pakistan.

The heroic struggle for safeguarding democracy and democratic institutions and empowering people must continue, the President said adding, “It will”.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Message of Prime Minister on Foundation Day of Pakistan People’s Party

Islamabad, November 30, 2012 (PPI-OT): November 30 marks the 45th foundation day of Pakistan People’s Party. The day provides the workers of PPP an opportunity to reflect upon the core ideals, aims and objectives of the Party and reiterate their pledge to keep working hard for making Pakistan an egalitarian democracy and a welfare state in the truest sense.

The foundation day is also an occasion to pay tributes to the vision of Chairman Shaheed Zulifkar Ali Bhutto, Pakistan’s first elected Prime Minister, and Shaheed Mohtarma Benazir Bhutto for their matchless services and contributions to the cause of democracy and empowerment of the masses.

The huge sacrifices rendered by the workers of the Party during dictatorial regimes form a glorious chapter in the annals of the country’s history. The more they were subjected to persecution by undemocratic forces, the greater was their resolve to fight for people’s rights, political emancipation, personal liberties and freedom.

Pakistan People’s Party is the only federal party, which has its roots among a cross section of society including professionals, peasants, workers, labourers, and farmers. By virtue of its federal character, the party has strengthened the federation of Pakistan and has been a strong bulwark against the forces which tried to undermine the federation under various pretexts.

It is a matter of pride for the workers of PPP that all key milestones on which the people of Pakistan can rightfully take pride, were achieved during the governments of PPP, be it framing of new Constitution in 1973, land reforms, establishment of Pakistan’s Steels Mills, or the country’s nuclear programme.

In line with the party’s manifesto and vision of its founding chairman, the present government of PPP has not only restored the original character of the Constitution by doing away with dictatorial insertions but also devolved political and administrative powers to the federating units through 18th Constitutional Amendment.

Benazir Income Support Programme, 7th National Finance Commission Award, Renaming of KPK, Political Reforms in FATA, Gilgit-Baltistan Self-Governance and Empowerment Act, steps for women empowerment, strengthening of state institutions including Parliament, Judiciary, Election Commission of Pakistan and media are some of the key steps taken by the democratic government, which have far-reaching impact for the country.

The present government has employed the policy of national reconciliation, originally espoused by Shaheed Mohtarma Benazir Bhutto in dealing with national challenges. The near completion of constitutional tenure by the present parliament is a tribute to the vision and leadership of the Shaheed leader and a giant step forward in our march towards consolidating democracy in the country.

As we head towards next general elections in 2013, the workers of PPP are ready to go into elections under the leadership of Mr. Bilawal Bhutto Zardari, chairman of PPP and President Asif Ali Zardari, co-chairperson of PPP.

Let us pledge to work for strengthening of democracy and people’s empowerment. Let us dedicate ourselves to making Pakistan an egalitarian democracy in which all people irrespective of any discrimination have equal stakes.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Shams Textile Mills Limited’s dispatch of final dividend warrants

Karachi, November 30, 2012 (PPI-OT): We are pleased to inform you that the dividend warrants in respect of final dividend @ Rs. 1.25/- per share, i.e. 12.5% for the year ended June 30, 2012 have been dispatched to the respective shareholders by registered post as on November 29, 2012.

For more information, contact:
Shams Textile Mills Limited
7-B-3 Aziz Avenue,
Gulberg 5, Lahore, Pakistan
Tel: +92 (42) 576 0381 – 576 0379
Fax: +92 (42) 576 0376

Arif Habib Corporation Limited’s disclosure of material information emergency board meeting and closed period

Karachi, November 30, 2012 (PPI-OT): With reference to the subject cited above, this is to inform you that Arif Habib Corporation Limited (AHCL) is intending to enter into a put option agreement with Silkbank Limited and subscribers of the Preference Shares (Identified Investors) in connection with the proposed issue of 960 Million privately placed, perpetual, non-cumulative preference shares of Silkbank Limited of Rs. 2.50 each having a tenor of 3 years. The said shares are convertible into ordinary shares of Silkbank at a conversion ratio of 1:1.

In this regard a letter of intent has been written to Silkbnak Limited which is subject to the approval of Board of Directors of the Company and regulatory authorities.

To consider and approve the above, an emergency meeting of Board of directors will be held on Saturday, 1st December 2012 at 11:30 am at Arif Habib Centre, 23 M.T. Khan Road, Karachi.

Further, it is hereby notified that in compliance with the clause xxiii of the Code of Corporate Governance, Closed Period is hereby determined from 30th November 2012 to 1st December 2012 (both days inclusive) prior to the outcome of the meeting. The decision taken by the Board will be informed after the Board Meeting.

We believe that the aforementioned information meets the requirements of the Listing Regulations of the esteemed Exchanges.

For more information, contact:
Basit
Company Secretary
Arif Habib Corporation Limited
Arif Habib Centre,
23 M. T. Khan Road, Karachi 74000
Phone: 32460717-9
Fax: 32429653,
Web: www.arifhabib.com.pk

Suraj Cotton Mills Limited’s dispatch of final dividend warrants

Karachi, November 30, 2012 (PPI-OT): We are pleased to inform you that the dividend warrants in respect of final dividend @ Rs. 4.00/- per share, i.e. 40% for the year ended June 30, 2012 have been dispatched to the physical and CDC shareholders by registered post as on November 29, 2012.

For more information, contact:
Suraj Cotton Mills Limited
7-B-3, Aziz Avenue,
Gulberg 5, Lahore, Pakistan.
Tel: +92(42)3576 0381
Fax: +92 (42) 3576 0376
Web: www.suraj.com

Pakistan Hotels Developers Limited’s notice of the extra-ordinary general meeting

Karachi, November 30, 2012 (PPI-OT): Please find enclosed a copy of the Notice of Extra-ordinary General Meeting to be held on 21st December, 2012 for circulation amongst your members.

Notice of the Extra Ordinary General Meeting

Notice is hereby given, to all the members of Pakistan Hotels Developers Ltd. that an Extra Ordinary General Meeting of the Company will be held on Friday, 21st December, 2012 at 10:00 a.m. at the Registered Office of the Company 195/2, Shahrah-e-Faisal, Karachi to transact the following business.

1. To confirm the minutes of 33rd Annual General Meeting of the Company held on 18th October, 2012.

2. To elect 7 (Seven) Directors as fixed by the Board of Directors in accordance with the requirement of section 178 of the Companies Ordinance, 1984 for a period of 3 years commencing from 21st December, 2012.

The present Directors who are retiring are as follows:

– Mr. S. Ferozuddin Baweja
– Mrs. Lubna Muzaffar
– Mr. Muzaffar F. Baweja
– Mrs .Muniza Zubair
– Mr. Zubair Baweja
– Mr. Mudabbir Muzafar Baweja
– Mst. Shahida Begum

All the above retiring Directors are eligible for re-election.

3. To transact any other ordinary business with the permission of the Chair.

Notes:

1. The share transfer books of the company shall remain closed from 14th December, 2012 to 21st December, 2012 (Both days inclusive). Transfers, complete in all respects, received at our independent Share Registrar Office M/s. Technology Trade (Pvt) Ltd., Dagia House, 241-C., Block 2, P.E.C.H.S., Off: Shahrah-e-Quaideen, Karachi by 13th December, 2012 will be entitled to attend the meeting.

2. A member entitled to attend and vote at the Extra Ordinary General Meeting is entitled, to appoint another member as a proxy to attend and vote on the member’s behalf. Proxies must be deposited at our Independent Share Registrar Office not less than 48 hours before the meeting.

The proxy form Shall be witnessed by two persons whose names, addresses and CNIC numbers shall be mentioned on the form.

Attested copies of CNIC or the passport of the beneficial owners and of the proxy shall be furnished with proxy form.

The Proxy shall produce his/ her original CNIC or original passport at the time of the meeting.

In case of a corporate entity, the Board of Directors resolution/ power of attorney with specimen signatures shall be submitted (unless it has been provided earlier) along with form to the company.

3. Any member who seeks to contest election to the office of Directors of the company should file with the Company at its Registered Office, a notice of his intention to offer himself for election not later than 14 days before the date of Extra Ordinary General Meeting.

4. Members, whose shares are deposited with Central Depository System, are requested to bring their Original National Identity Cards or Original Passports along with their Account Numbers in Central Depository System for attending the meeting.

5. Shareholders are requested to notify any change in their address.

For more information, contact:
Abdul Hafiz Khan (FCMA)
Company Secretary
Pakistan Hotels Developers Limited
Regent Plaza Hotel,
Shahrah-e-Faisal Karachi – Pakistan
UAN: 111-111-774,
Tel: 021-35657000,
Fax: 021-35631523
Email: rphcc@cyber.net.pk
Web: www.rphcc.com

(Colony) Sarhad Textile Mills Limited’s financial results for the quarter ended 30-09-2012

Karachi, November 30, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 1700 hrs on Thursday, the 29th Day of November, 2012 recommended the following:

(i) Cash Dividend

An final Cash Dividend for the Quarter ended September 30, 2012 @ Nil per share i.e. Nil. Interim Dividend already been paid at Rs. Nil per share i.e. Nil%.

(ii) Bonus Share

It has also been recommended by the Board of Directors to issue bonus shares in the proportion of Nil shares for every share held i.e. Nil%. The bonus shares will be entitled/not entitled for the right shares.

(iii) Right Shares

The board also recommended to issue Nil % Right Shares at par/at a premium of Rs. Nil per share in proportion of Nil shares for every Nil shares.

The final dividend if approved by Shareholders will be paid to the shareholders whose names appear in the Register.

The Share Transfer Register of the Company will be closed from 22nd November 2012 to 29th November 2012 (both days inclusive). Transfers received at the Company’s Registered Office 125-Murree Road Rawalpindi at the close of business on 21st November, 2012 will be treated in time for the purpose of payment of Dividend, Right and Bonus Shares to the transferees.

(iv) Any Other Entitlement

The Financial results of the company are as per enclosure A:

Profit and Loss Account or the Period Ended September 30, 2012 (Un-Audited)

Quarter ended

Quarter ended

30.09.2012

30.09.2011

Rupees

Rupees

Unabsorbed direct cost

(1,970,104)

(1,945,650)

Administrative expenses

(860,170)

(841,882)

Finance cost

(1,692,227)

(1,788,683)

———

———

(4,522,501)

(4,576,215)

Other income

151,700

7,930

———

———

Loss for the period before taxation

(4,370,801)

(4,568,285)

Taxation

———

———

Loss for the period after taxation

(4,370,801)

(4,568,285)

———

———

Loss per share-basic

(1.39)

(1.14)

The annexed notes form an integral part of these financial statements.

For more information, contact:
(Colony) Sarhad Textile Mills Limited
125, Murree Road, P.O. Box No. 341
Rawalpindi (Pakistan).
H.O. Rawalpindi Phone: (051) 5568051-3,
Fax: 92-51-5566310