BEIJING, March 28, 2016 /PRNewswire/ — Sunrise Kempinski Hotel, Beijing & Yanqi Island is carrying out a nine-day authentic butler service training from 21 to 29 March. Three professional butler trainers from Heilbron Hospitality South Africa are delivering the tailor-made training courses to ten selected staff from the destination. Following that, Sunrise Kempinski Hotel, Beijing & Yanqi Island is going […]

Karachi, March 28, 2016 (PPI-OT):With the announcement of the LG 360 CAM at Mobile World Congress last week, LG Electronics (LG) expects to see an increase in interest in creating and sharing 360-degree visual content using mobile devices. With the introduction of affordable, consumer-friendly devices such as the upcoming LG 360 CAM and the G5 ...

Karachi, March 28, 2016 (PPI-OT):The annual financial statements of Soneri Bank Limited for the year ended 31 December 2015 were approved by the shareholders of the Bank in its 24th AGM held on Friday, 25 March 2016. The meeting was chaired by Mr. Alauddin Feerasta, Chairman of the Bank. Bank declared Rs.2.21 billion after tax ...

Lahore, March 28, 2016 (PPI-OT):PACRA withdraws entity ratings of Islamabad Electric Supply Company [Long Term: “AA-” and Short term: “A1”] with immediate effect on account of inconsistent pattern in provision of key information. Meanwhile, IESCO has not paid PACRA’s outstanding dues. For more information, contact: Hammad Rashid Analyst The Pakistan Credit Rating Agency Limited (PACRA) ...

Karachi: East West Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 28, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended Dec 31, 2015 which portrayed a profit of Rs. 131,252 and earnings per share 2.91 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. The annual general meeting of the company is scheduled to be held on April 27, 2016 at the registered office of the company in Quetta. Further, the share transfer books of the company will remain closed from April 20, 2016 to April 27, 2016 (both days inclusive). East West Insurance Company Limited is a public limited company incorporated in Pakistan in the year 1983. The foundations of the company have been laid under the Companies Ordinance, 1984. The sister concern of the company is East West Insurance Company Limited. The company is engaged in the general insurance business and operates through 52 branches in Pakistan. Besides traditional Insurance business like Fire, Marine & Motor, the company underwrites specialized portfolios for which it has created specialized divisions within the company namely, Engineering, Crops and Livestock divisions. The company business is diversified and provides coverage to a wide range of agricultural and commercial business activities. The stock of the company is quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located Quetta. The core operation of the company is conducted through the office located in Karachi. The symbol “EWIC” is being used by the stock exchanges for the shares of East West Insurance Company Limited.

Karachi: Saif Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on March 28, 2016. The agenda of the meeting was discussion of profit and loss account for the year e...

Karachi: Gul Ahmed Textile Mills Limited informed Karachi Stock Exchange about the issuance of 30% right shares at a premium of Rs. 7.50/ per share. Further, the book closure of the company shall be from March 18, 2016 to April 01, 2016 (both days inclusive). Gul Ahmed Textile Mills Limited was incorporated on April 01, 1953 in Pakistan as a private limited company. It was later converted into public limited company on January 07, 1955. The company is a composite textile mill and is engaged in the manufacture and sale of textile products. 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 installed capacity of the plant is more than 130,000 spindles with 300 weaving machines and yarn dyeing, processing and stitching units, the company has its own captive power plant comprising of gas engines, gas & steam turbines, and backup diesel engines. Besides being a textile manufacturer the company also operates in the retail industry by the opening of its flagship store Ideas by Gul Ahmed. The company has a chain of more than 40 retail stores across the country offering a range of products from home accessories to fashion clothing. Subsidiary companies of the company includes GTM USA Corporation, Gul Ahmed International Limited, GTM Europe Ltd which are 100% owned subsidiary of Gul Ahmed Textile Mills Limited. The symbol “GATM” is being used by the stock exchanges for the shares of Gul Ahmed Textile Mills Limited.