Islamabad, January 12, 2015 (PPI-OT): Islamabad Chamber of Commerce and Industry has strongly protested against the decision of the Economic Coordination Committee of the Cabinet to approve imposition of extra burden of Rs.75 billion per year on the power consumers by including three surcharges worth Rs.2.4/unit and additional cost of system losses in the consumer ...

Lahore, January 12, 2015 (PPI-OT): Small and Medium Enterprises Development Authority (SMEDA) has initiated a process to evolve concrete measures for promoting Pakistan’s red meat industry in the world market. It was disclosed by Mr. Alamgir Chaudhry, CEO SMEDA while chairing a consultative meeting held at SMEDSA head office today with key stakeholders of the ...

Karachi, January 12, 2015 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On JAN-12-2015 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHARES KMI-30 BATi OGTi POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX Plus 229 Current 20347.56 31299.72 22692.96 49944.37 17353.75 18146.34 Minus 109 Previous 20332.81 31197.98 22706.46 49786.79 17462.16 18771.71 Unchanged 26 High 20486.51 31441.78 22805.97 50137.79 ...

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Karachi, Pakistan Cables Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on January 19, 2015 at Karachi. The agenda of the meeting shall be consideration of half yearly accounts for the period ended December, 2014. Further, the closed period of the company shall be from January 12, 2015 to January 19, 2015. Pakistan Cables Limited was incorporated in Pakistan as a private limited company on April 22, 1953. In 1955 it was converted into a public limited company. The foundations of the company are based on the Companies Ordinance, 1984. The products of the company include cables and wires, aluminum sections/ profiles, copper rod and PVC compound. In 1955 the stocks of the company were quoted on the Karachi Stock Exchange. The registered office of the company is locate in Karachi Pakistan Cables is part of the Chinoy Group of Companies, which includes International Industries and International Steels Limited, as well as other interests in diverse businesses. The company is ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certified and is the only cable manufacturer in Pakistan to have its cables type tested by the KEMA Laboratory in Netherlands. Pakistan Cables is an affiliate of General Cable, which has a global presence with 57 plants in 26 countries including the US, Canada, France, Germany, Spain, Brazil, China, Thailand, South Africa, and the Philippines. The affiliation with General Cable gives Pakistan Cables several advantages over its competitors, including the ability to source almost any type of cable for customers, access to cutting edge technology, technical support & management best practices, procurement advantages and export opportunities. The symbol “PCAL” is being used by the stock exchanges for the shares of Pakistan Cables Limited.

Karachi, Ansari Sugar Mills Limited informed Karachi Stock Exchange about the annual general meeting of the company scheduled to be held on January 30, 2015 at Karachi. The agenda of the meeting will be confirming the minutes of annual general meeting held on January 31, 2014, consideration of the audited financial statement of the company for the year ended September 30, 2014, appointing and fixing the remunerate the auditors. Further, the closed period of the company is from January 24, 2015 to January 30, 2015 both days inclusive. Ansari Sugar Mills Limited is a company incorporated in Pakistan on July 9, 1989 as a public limited company. The principal activity of the company is manufacture and sale of white sugar. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and its factory outlet is located District Hyderabad and District Badin. The overall crushing capacity of the company is 8000 Metric Tons per day. The products of the company are White Refined Sugar and Molasses. The symbol “ANSM” is being used by the stock exchanges for the shares of Ansari Sugar Mills Limited.

Karachi, Asia Insurance Company Limited informed Karachi Stock Exchange about election of directors in the extra ordinary general meeting held at the registered office in Karachi. The appointment of elected directors will be subject to approval of SECP under Insurance Companies Regulations 2012. Asia Insurance Company Limited was established in 1979 as a Public Limited Company and commenced its business in 1980. The company is a composite insurance company which has been authorized by the department of insurance to transact all classes of general insurance business like fire and allied perils, marine cargo, motor, personal /travel personal accident, burglary, student insurance cash in transit and safe, fidelity, machinery breakdown, contractor all risk, erection all risk, custom bond, bid bond and mobilization advance bond, etc. The company has a vast network of branches in all the major cities of Pakistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The symbol “ASIC” is being used by the stock exchanges for the shares of Asia Insurance Company Limited.