Karachi: Pak Elektron LImited informed Karachi Stock Exchange about the board of directors meeting of the company will be held on June 26, 2015 at Lahore. The agenda of the meeting to consider the N/A Accounts for the period ended N/A for the declaration of any entitlement. Further, the company has declared the Close Period from June 19, 2015 to June 26, 2015. “Pak Elektron Limited was incorporated in Pakistan on March 03, 1956 as a public limited company. The foundations of the company are developed under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. It is currently organized into two main operating divisions the power division and appliances division. The stocks of the company are quoted on the Karachi Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The activities of the company in the power division include manufacturing and distribution of transformers, switchgears, energy meters, power transformers, construction of grid stations and electrification works. The appliance division is associated with manufacturing, assembling and distribution of refrigerators, air conditioners, microwave ovens, televisions, generators and washing machines. The symbol “PAEL” is being used by the stock exchanges for the shares of Pak Elektron Limited.”

Lahore, June 19, 2015 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Standard Chartered Bank (Pakistan) Limited (SCBPL) at ‘AAA’ (Triple A), and ‘A1+’ (A One Plus). Meanwhile, the rating of the bank’s listed, subordinated TFC has been maintained at ‘AAA’ (Triple A). These ratings denote the ...

Karachi, June 19, 2015 (PPI-OT): The National Bank of Pakistan takes immense pride in being the Nation’s Bank. Keeping in view our responsibility to the nation, we are fully committed to provide modern and up-to-date banking services, in this regard NBP is in the process of improving and enhancing the bank’s technological-base, whereby technological infrastructure ...

Islamabad, June 19, 2015 (PPI-OT): The World Bank Group on Thursday approved the Development Policy Credit (DPC) worth US$ 500 million to boost economic growth through fostering private and financial sector development, and mobilizing revenue while expanding fiscal space to meet social needs. The Fiscally Sustainable and Inclusive Growth (FSIG-II) single-tranche policy credit is the ...

Karachi, June 19, 2015 (PPI-OT): The Karachi Chamber of Commerce and Industry (KCCI), while criticizing the imposition of 14 percent GST on indenting commission imposed by Sindh government in its recently announced Provincial Budget 2015-16, said that this unjust levy cannot be charged from Indenting Commission Agents as they do not fall in the services ...

Jeddah, June 19, 2015 (PPI-OT): The President of the Islamic Republic of Pakistan Mr. Mamnoon Hussain met King Salman bin Abdul Aziz al Saud in Jeddah on 18 June 2015. […]

Karachi, June 19, 2015 (PPI-OT): Name of the Fund Date Offer Redemption ABL Income Fund (ABL-IF) June 19, 2015 – – ABL Stock Fund (ABL-SF) June 19, 2015 13.8549 13.5832 ABL Islamic Income Fund (ABL-IIF) June 19, 2015 – – ABL Government Securities Fund (ABL-GSF B) June 19, 2015 – – ABL-ISF June 19, 2015 ...