January 7, 2016 - AsiaNet-Pakistan

Archive for January 7th, 2016

Italian archaeologists work in Swat Valley

January 7, 2016 | General

Karachi, Dec 6 (PPI/AGI): Italian archaeologists have worked for more than 60 years, digging, finding, restoring and preserving the treasures at the point where West and East meet in the Swat Valley, Northern Pakistan, reports Italian news agency AGI from Rome on Wednesday. The valley was an important point on Alexander the Great’s expedition to […]

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بنك Banco Popular Dominicano يختار بطاقة EMV المصنعة من مصادر بيولوجية لشركة Gemalto

January 7, 2016 | Other Language, Urdu

أمستردام، 7 يناير 2016 – توفر شركة Gemalto الرائدة على مستوى العالم في مجال الأمن الرقمي (والمسجلة في بورصة يورونيكست تحت الرقم NL0000400653 GTO) بطاقة Optelio EMV البنكية المصنعة من مواد بيولوجية إلى بنك Banco Popular Dominicano الرائد في جمهورية الدومينيكان. تُصنّع البطاقة المصرفية الصديقة للبيئة من مادة متعدد حمض اللاكتيك PLA* المشتقة من الذرة وتتيح لبنك […]

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Transaction of 10,000 shares of United Bank Limited

January 7, 2016 | General

Karachi: United Bank Limited informed Karachi Stock Exchange about transaction of shares of the bank. 1000 shares @ Rs. 155.35 per share and 500 shares @ Rs. 155.30 per share were sold in the market on January 04, 2016, 2600 shares @ Rs. 155.00 per share, 1000 shares @ Rs. 154.99 per share, 500 shares @ Rs. 154.88 per share and 4400 shares @ Rs. 154.95 per share were sold in the market on January 05, 2016 through Stock Broker. 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.

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Re-appointment of Chief Executive Officer of Attock Refinery Limited

January 7, 2016 | General

Karachi: Attock Refinery Limited informed Karachi Stock Exchange about re-appointment of Mr. M. Adil Khattak as Chief Executive Officer for a period of one year commencing January 01, 2016 to December 31, 2016. Attock Refinery Limited was incorporated in Pakistan on November 8, 1978 as a private limited company and was converted into a public company on June 26, 1979. It is subsidiary of the Attock Oil Company Limited, UK and its ultimate parent is Bay View International Group S.A. The company is principally engaged in business of refining the crude oil. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company is also registered with Central Depository Company of Pakistan Limited. Its registered office is situated at Rawalpindi. The crude oil refining operations of the company date back to 1922 which amounts to more than 90 years of vast experience for the company. Several up gradation processes are in progress for the company which shall be completed by September 2015. The company is ISO 9001, ISO 14001, ISO/IEC 17025; OHSAS 18001 certified and is implementing ISO 50001 Energy Management System. The symbol “ATRL” is being used by the stock exchanges for the shares of Attock Refinery Limited.

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Islamabad Stock Exchange Market Statistics Report Thursday January 07, 2016

January 7, 2016 | General Business News

Islamabad, January 07, 2016 (PPI-OT): MARKET TREND: Bearish COMPANIES TRADED: TOTAL PLUS MINUS EQUAL 150 39 -111 0 INDEX POSITION: INDEX Opening Closing Change ISE-10 Index: 2717.64 2641.58 (76.06) INDEX Opening Closing Change IMI- 25 Index 2432.41 2404.45 (27.96) TOTAL VOLUME: Previous Current Change 218,500 1,500 900 (600) Previous Current Change B to B Volume …

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Hi-Tech Lubricants Limited’s book building over-subscribed by 2.23 times with bids of 48.674Mn against 21.75Mn

January 7, 2016 | General Business News

Lahore, January 07, 2016 (PPI-OT): The book building portion of Hi-Tech Lubricants Limited’s shares has been over-subscribed by 2.23 times after the two day book building process of the first stage IPO of the company, which closed today. The share price of the company’s shares were offered at the base price of Rs 37 per …

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Huawei Mate 8 has revolutionized Camera and Photography with Smart phone

January 7, 2016 | General Business News

Lahore, January 07, 2016 (PPI-OT): Huawei is known for its efficient research and development approach in the world of technology. It has achieved some incredible milestone with an attitude of revolutionizing the technology utility in daily. A smart phones section of Huawei is an example of this commitment and with every passing year Huawei is …

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Pakistan Credit Rating Agency Limited maintains entity ratings of First Habib Modaraba

January 7, 2016 | General Business News

Lahore, January 07, 2016 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of First Habib Modaraba (FHM) at “AA+” (Double A plus) and “A1+” (A One Plus), respectively. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment …

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Pakistan Credit Rating Agency Limited maintains Insurer Financial Strength Rating of Habib Insurance Company Limited

January 7, 2016 | General Business News

Lahore, January 07, 2016 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) rating of Habib Insurance Company Limited (HIC) at “A+” (Single A plus). The rating has “Positive Outlook”. The rating denotes strong capacity to meet policyholder and contract obligations. The rating reflects HIC’s sustained risk profile. The rating …

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Rating of Pak-Kuwait Takaful Company Limited

January 7, 2016 | General Business News

Karachi, January 07, 2016 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) had placed Insurer Financial Strength (IFS) rating of ‘BBB’ assigned to Pak-Kuwait Takaful Company Limited (PKTCL) on ‘Rating Watch Developing’ status in view of an ongoing business review exercise. The exercise was initiated by a key shareholder following identification of weaknesses in PKTCL’s control …

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JCR-VIS reaffirms ratings of Fatima Fertilizer Company Limited

January 7, 2016 | General Business News

Karachi, January 07, 2016 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Fatima Fertilizer Company Limited (Fatima) at ‘AA-/A-1’ (Double A Minus/A-One) with a ‘Stable’ Outlook. The previous rating action was announced on April 16, 2014. The ratings take into account low business risk profile of Fatima emanating primarily from …

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Economic stability government’s foremost priority: President

January 7, 2016 | General Business News

Islamabad, January 07, 2016 (PPI-OT): President Mamnoon Hussain Thursday said that the stability of the national economy was government’s foremost priority for which the government was extending all possible facilities to the business community. Addressing the annual dinner of Rawalpindi Chamber of Commerce and Industry held here, the President said the reduction of power tariff …

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