Karachi: Crescent Star Insurance Limited informed Karachi Stock Exchange about signing of agreement with Frontier Works Organization (FWO) covering motor insurance of around 67,000 vehicles/day using the motorway (M2) between toll to toll which may add considerably to the premium base of CSIL with expected revenue of Rs. 300 million/per annum. The launching ceremony of the deal will be held on January 15, 2016. Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan. The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services. The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.

Karachi: Siemens Pakistan Engineering Company Limitedinformed Karachi Stock Exchange about the annual general meeting of the company will be held on January 26, 2016. The agenda of the meeting will be confirming the minutes of extraordinary general meeting held on November 30, 2015, consideration of the audited financial statement of the company for the year ended September 30, 2015, considering the payment of cash dividend of 100%, appointing and fixing the remuneration of the auditors for financial year ending September 30, 2015. Further, the closed period of the company is from January 19, to January 26, 2016 (both days inclusive). Siemens Pakistan Engineering Company Limited was founded in 1922 in the Indo-Pak region. In 1953 the company was recognized as a private limited company. In 1963 the company was restructured as a public limited company. The business of the company includes operating in the industry sector, energy sector, health care sector, and infrastructure and cities sector. The head office of the company is located in Karachi whereas the regional offices of the company are in Lahore, Islamabad and Quetta. The representative offices of the company are located in Peshawar and Multan. The core operations of the business include supplying high voltage grid stations, switch gear products and systems, power and distribution transformers and network consultancy. The company is engaged in educating the students about the engineering advancements and for this automated labs have been structured. The recent projects of the company in Pakistan include development of the airfield lighting solution for Pakistan’s first green field project, the Benazir Bhutto International Airport in Islamabad, supply, installation, testing and commissioning of an integrated building management system for Dolmen Mall, Karachi and providing smart grid turnkey automation solutions to the Karachi Electric Supply Company Load Dispatch Center. The symbol “SIEM” is being used by the stock exchange for the shares of Siemens Pakistan Engineering Company Limited.

Karachi: Mitchells Fruit farms Limited informed Karachi Stock Exchange about the board meeting of the company will be held on January 08, 2016 at Lahore. The agenda of the meeting shall be consideration of annual accounts for the period ended September 2015. Further, the closed period of the company shall be from January 01, 2016 to January 08, 2016. Mitchell’s Fruit Farms Limited is a company incorporated in Pakistan in 1933 by Francis J. Mitchell under the name of Indian Mildura Fruit Farms Ltd. After the country gained independence in 1947, the company’s name was changed to “MITCHELL’S Fruit Farms Ltd.” with the brand name of “MITCHELL’S”. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacture and sale of various farm and confectionery products. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The products of the company ranges from squashes and fruit drinks, fruity jam, jellies and marmalade, tomato ketchup and sauces, tasty pickles, nutritious canned fruits and vegetables, to a wholesome assortment of candies, toffees and chocolates. The products are sold locally and internationally in areas like UK, USA, Canada, Middle-East and South-West Asia. The symbol “MFFL” is being used by the stock exchanges for the shares of Mitchell’s Fruit Farms Limited.

Islamabad, January 01, 2016 (PPI-OT): Shaban Khalid, former President, Islamabad Chamber of Commerce and Industry and Chairman, ICCI Young Entrepreneurs Forum has taken over the charge as President, Commonwealth Alliance of Young Entrepreneurs-Asia (CAYE-Asia) from 1st January for the year 2016. He was unanimously elected for this position during the 4th CAYE-Asia Summit held in ...

Islamabad, January 01, 2016 (PPI-OT): Prime Minister Muhammad Nawaz Sharif visited Mr Gohar Ayub (former speaker National Assembly) at his personal residence in Islamabad. The Prime Minister offered condolence on […]

Islamabad, January 01, 2016 (PPI-OT): Air Chief Marshal Sohail Aman, Chief of Air Staff called on Prime Minister Muhammad Nawaz Sharif at PM House Islamabad today. The Chief of Air […]

Islamabad, January 01, 2016 (PPI-OT): Dr Maleeha Lodhi, Permanent Representative of Pakistan to the United Nations (UN) called on Prime Minister Muhammad Nawaz Sharif at PM House Islamabad this morning. […]