Karachi, April 11, 2014 (PPI-OT): Insurance Sector gains confidence | Portfolio galore…maintain buy in AICL The macro-economic indicators showing revival of Pakistan economy which has attracted foreign investors to invest in Pakistan Reportedly a Switzerland based private equity fund has shown interest in the insurance sector in Pakistan, where at least 3 companies are likely ...

Karachi, April 11, 2014 (PPI-OT): Marred by sluggish economic performances (5 yr average GDP growth at 2.9% and engulfed by the menace by the menace of circular debt ,Pakistan ‘s oil sales during the past 5 yrs (FY09-13)failed to live up to the precedent set inFY05-08.Such was the magnitude of negativity brought by circular debt ...

Karachi, April 11, 2014 (PPI-OT): State Bank of Pakistan conducted its Open Market Operation (Injection) in following contracts on April 11, 2014, received and accepted as given below: A: OMO BIDS NO OMO Tenor Range Number of Quotes Offered 1 7-Days (Injection) 10.25 – 9.99% 23 B: OMO RESULT (Rs. In Millions) 7-Days (Injection) OMO ...

Karachi: United Bank Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on April 18, 2014 at Islamabad. The agenda of the meeting shall be consideration of quarterly accounts for period ended March, 2014. Further, the closed period of the company shall be from April 10, 2014 to April 18, 2014. United Bank Limited is incorporated in Pakistan and is engaged in the business of commercial banking and other related services. The foundations of the bank are developed under the Banking Companies Ordinance, 1962. The bank is responsible for accepting the deposits of money on current accounts and withdrawal by cheque, draft or order. The registered office of the bank is located at Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The global depository receipts of the bank are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market. The subsidiaries are located in Switzerland, UK and Tanzania. United Bank AG Zurich, UBL Funds Managers and United Executors and Trustees Company Limited are also the subsidiaries of the bank. The associate companies include UBL Insurers Limited and Oman United Exchange Company LLC. The products of the bank are UBL Click N Bank, UBL Tezraftaar, UBL Click N Remit, UBL Tezraftaar Account Services, NRP Direct and UBL Tezraftaar Pardes Card for the customers. The bank is also provides global remittance facilities to its customers. The symbol “UBL” is being used by the stock exchanges for the shares of United Bank Limited.

Karachi: Haydari Construction Company Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on April 19, 2014 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the perio...

Karachi: Pakistan International Airlines Corporation has informed Karachi Stock Exchange about postponement of annual general meeting of the company by one month. The agenda of the meeting shall be discussion of financial statement of the company for t...

Karachi: Security Papers Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on April 21, 2014 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended March...