Karachi: Byco Petroleum Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 18, 2016 at Karachi. The agenda of the meeting is to inter-alia consider and approve the unaudited separate and consolidated financial statements of the Company for the half year ended December 31, 2015 Further, the Company has declared the closed period from February 11, 2016 to February 19, 2016. Byco Petroleum Pakistan Limited was incorporated in Pakistan as a public limited company on January 9, 1995. The foundations of the company are laid under the Companies Ordinance, 1984. The certificate of commencement of business was awarded to the company on March 13, 1995. Byco Oil Pakistan Limited is the parent company and holds 82.27% shares in the company. It is a wholly owned subsidiary of Byco Industries Incorporated, Mauritius which acts as the ultimate parent company. The company is principally engaged in the production, marketing and sale of petroleum products. The shares of the company are listed on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office is situated at Karachi. The company operates using two major activities namely Oil Refinery Business and Petroleum Marketing Business. Crude oil refining business commenced in 2004 with a rated capacity of 35,000 barrels per day. It is engaged in the business of refining crude oil into various saleable components including Liquefied Petroleum Gas, Light Naphtha, Heavy Naphtha, High Octane Blending Component, Motor Gasoline, Kerosene, Jet Fuels, High Speed Diesel and Furnace Oil. The Oil Refinery is located at Hub, Balochistan. Petroleum Marketing Business was launched in 2007 and comprises 231 retail outlets across the country. The wholly owned subsidiary of the company is Byco Terminal Pakistan Limited incorporated in Pakistan as a private limited company on June 14, 2002. The symbol “BYCO” is being used by the stock exchanges for the shares of Byco Petroleum Pakistan Limited.

Karachi: National Bank of Pakistan informed Pakistan Stock Exchange that board of directors meeting of the bank will be held on February 19, 2016 at Karachi. The agenda of the meeting is to consider Annual Accounts of the Bank for year ended December 31, 2015. Further, the bank has declared closed period from February 12, 2016 to February 19, 2016 (both days inclusive). National Bank of Pakistan was incorporated in Pakistan under the National Bank of Pakistan Ordinance, 1949. The bank is engaged in providing commercial banking and related services in Pakistan and overseas. It also handles treasury transactions for the Government of Pakistan as an agent to the State Bank of Pakistan. The operational branches of the bank in Pakistan are 1,342 and 23 overseas branches including the Export Processing Zone branch in Karachi. The bank also provides services as trustee to National Investment Trust, Long-Term Credit Fund and Endowment Fund for student loans scheme. The registered office of the bank is located in Karachi. The shares of are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The bank has transformed from a public sector organization into a commercial bank. The services are available for individuals, corporate entities and government. Besides the presence of the bank as an agent to the State Bank of Pakistan it has significant penetration in the debt equity market, corporate investment banking, retail and consumer banking, agricultural financing, treasury services and showing interest in the development and promoting interest in the development of small and medium enterprises of the country. The operations of the bank have been partially privatized. Some of the activities are state owned and some are privately owned. The core products of the bank are premium amdani, premium saver, saibaan, advance salary, cash card, investor advantage, kisan taqat, kisan dost and cash and gold. The subsidiaries of the bank are Taurus Securities Limited, NBP Exchange Company Limited, NBP Capital Limited, NBP Modaraba Management Company Limited, and CJSC Bank, Almaty, Kazakhstan. It has also recently opened a subsidiary in Dushanbe, Tajikistan. The joint ventures include, United National Bank of UK, First Investment Bank and NAFA, an Asset Management Company which is a joint venture with NIB Bank and Fullerton Fund Management of Singapore. The symbol “NBP” is being used by the stock exchange for the shares of National Bank of Pakistan.

Karachi: Lucky Cement Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 20, 2016 at Karachi. The agenda of the meeting is to consider financial statements for half year ended December 31, 2...

Karachi: Ghandhara Nissan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 18, 2016 at Karachi. The agenda of the meeting is to inter-alia consider and approve un-audited accounts for Half...

Karachi: Karam Ceramics Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on February 18, 2016 at Karachi. The agenda of the meeting is to consider Second Quarter Accounts (Half Yearly) of the company f...

OpenStack-based SDN and Brocade IP Fabric delivers robust on-demand services, data privacy and best value for hosting and cloud computing customers AMSTERDAM, THE NETHERLANDS–(Marketwired – Feb 9, 2016) –  Servers.com has completed the roll out of a new software-defined network using Brocade IP Fabric. The network connects four data centres across two continents to ensure […]

Islamabad, February 10, 2016 (PPI-OT): The Ministry of Commerce will introduce the draft of Trade Dispute Resolution Organization (TDRO) in the Parliament this year. The proposed Law is designed to introduce into Pakistan a state-of-the-art, comprehensive regime for the swift, efficient and effective resolution of international import and export complaints and disputes. This was stated ...