Lahore, November 24, 2015 (PPI-OT): Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here today which decided to take immediate and comprehensive measures for the promotion […]

Lahore, November 24, 2015 (PPI-OT): The 29th meeting of the Board of Directors (BoD) of Neelum Jhelum Hydropower Company held today at WAPDA Administrative Staff College Islamabad. During the meeting, […]

Karachi, November 24, 2015 (PPI-OT): Research on global trade has identified domestically created Non-Tariff Barriers as the most important element impeding the free flow of trade stated by Mian Muhammad […]

Karachi: Dadabhoy Cement Industries Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on November 23, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for first quarter ended September 30, 2015 which portrayed a loss of Rs. 4,803 and loss per share 0.05 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Dadabhoy Cement Industries Limited was incorporated on August 9, 1979 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing and sale of ordinary Portland, slag and sulphate resistant cement. The commercial production of the company started in 1986. The stocks of the company are quote on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The group has introduced coal technology for cement and other process industries such as cement. Presently the company is running on 100% usage of coal. Management is finding measures so that 100% coal can be used and utilized. . The symbol “DBCI” is being used by the stock exchanges for the shares of Dadabhoy Cement Industries Limited.

Karachi: Dadabhoy Sack Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on November 23, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for first quarter ended September 30, 2015 which portrayed a loss of Rs. 639,677 and loss per share 0.16 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Dadabhoy Sack Limited was incorporated on September 27, 1983 as a private limited company by the name of Paperpro Industries Private Limited. It was later converted into a public limited company on October 27, 1994 and its name was changed to Dadabhoy Sack Limited on January 19, 1995. The main activity of the company is manufacturing and sale of paper bags. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The plant is located on the main Super Highway adjacent to Dadabhoy Cement Industries to be able to supply the major portion of its production to the sister concern. The company’s surplus production is supplied to cement plant in the vicinity. The project was financed by United Bank Limited. Flush cut paper bags are manufactured using only the finest paper reels from Austria, Canada and Sweden. The symbol “DBSL” is being used by the stock exchanges for the shares of Dadabhoy Sack Limited.

Karachi: ICI Pakistan Limited informed Karachi Stock Exchange that dividend warrants in respect of final dividend @ Rs. 6.50 per share (i.e. 65%) for year ended June 30, 2015 have been dispatched to shareholders by registered post. ICI Pakistan Limited is a company incorporated in Pakistan. It is engaged in the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonate and polyurethanes. It also markets seeds, toll manufactured and imported pharmaceuticals and animal health products and is a merchant of general chemicals. Besides this the company also acts as an indenting agent and toll manufacturer. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The subsidiary of the company is ICI Pakistan Power Gen Limited incorporated in Pakistan as an unlisted public company. It is a wholly owned subsidiary company of ICI Pakistan Limited which is engaged in generating, selling and supplying electricity to the Company. The symbol “ICI” is being used by the stock exchange for the shares of ICI Pakistan Limited.

Karachi: Meezan Bank Limited informed Karachi Stock Exchange about transaction of shares of the bank. 1,000,000 shares @ Rs. 47/- per share were purchased from the market on November 19, 2015 through CDC. Meezan Bank Limited was incorporated in Pakistan on January 27, 1997, as a public limited company under the Companies Ordinance, 1984. The bank carried on the business of investment banking from July 13, 1987 and was registered as an ‘Investment Finance Company’ on August 8, 1997 in accordance and in conformity with the principles of Islamic Shariah. Certificate of Commencement of Business was issued to the Bank on September 29, 1997. The bank commenced operations as a Scheduled Islamic Commercial Bank from March 20, 2002. The stocks of the bank are quoted on the Karachi Stock Exchange of Pakistan. Its registered office is located at Karachi. The bank is engaged in corporate, commercial, consumer, investment and retail banking activities. The bank was operating through three hundred and ten branches as at December 31, 2012. The symbol “MEBL” is being used by the stock exchanges for the shares of Meezan Bank Limited.