Karachi, Reliance Insurance Company Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on March 26, 2016. The agenda of the meeting was discussion of profit and loss account for year ended Dec 31, 2015 which portrayed a profit of Rs. 80,988,637 and earnings per share 1.75 basic and diluted. Further, final payment of cash dividend @ Rs. 0.50 per share i.e. 5%, issue bonus shares in the proportion of 10 shares for every 100 shares held i.e. 10% and nil right shares was agreed. The annual general meeting of the company is scheduled to be held on March 30, 2016 at the registered office of the company in Karachi. Furthermore, the share transfer books of the company will remain closed from April 19, 2016 to April 30, 2016 (both days inclusive). Reliance Insurance Company Limited was incorporated in Pakistan as a public limited company on November 4, 1981. The company is engaged in general insurance business. Its registered office is located in Karachi. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan and it is registered with Central Depository Company of Pakistan Limited. The company is jointly owned by two industrial groups the Al-Noor Group and the Bawany Group. The company has a nationwide branch network with 25 operating stations spread in all the major cities of Pakistan. The products of the company are fire, marine, marine hull, motor, engineering, bond/ guarantee, terrorism, aviation and miscellaneous insurances. The symbol “RICL” is being used by the stock exchanges for the shares of Reliance Insurance Company Limited.

Karachi, Shifa International Hospitals Limited informed Pakistan Stock Exchange about subscription of 338,600 shares to Miss Komal Ahmed and the amount of Rs. 88,035,958 being the subscription amount for 338,600 shares (including premium of Rs. 250/- per share). The relevant documents including auditors’ certificate shall be sent to you by Monday, March 28, 2016. Shifa International Hospitals Limited is incorporated in Pakistan on September 29, 1987 as a private limited company and converted into a public limited company on October 12, 1989. The principal activity of the Company is to establish and run medical centres and hospitals in Pakistan. The Company has established its first hospital in 1993 in Islamabad, second hospital in 2011 in Faisalabad and another in 2014 in G-10/4, Islamabad. Besides this, the Company is running medical centres, pharmacies and lab collection points in different cities of Pakistan. The shares of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Islamabad. The symbol “SHFA” is being used by the stock exchange for the shares of Shifa International Hospitals Limited.

Karachi, March 28, 2016 (PPI-OT):Sindh Chief Minister Syed Qaim Ali Shah has said that the recruitment in education department must be made on merit. “Education is the only weapon through […]

Karachi, March 28, 2016 (PPI-OT):Director General Sindh Rangers Major General Bilal Akbar called on Sindh Chief Minister Syed Qaim Ali Shah here at the CM House today. In their meeting […]

Karachi, March 28, 2016 (PPI-OT):The leadership of Businessmen Group (BMG) and Office Bearers of Karachi Chamber of Commerce and Industry (KCCI) have strongly condemned the suicide attack at Gulshan Park […]

Karachi, March 28, 2016 (PPI-OT):The President FPCCI, Abdul Rauf Alam, Senior Vice President Sheikh Khalid Tawab, S. M. Muneer, Senior Business Leader and former President FPCCI, Iftikhar Ali Malik, Former […]

Karachi, March 28, 2016 (PPI-OT):IGP Sindh A. D. Khowaja today presided over a meeting at CPO and reviewed functioning/progress of completed/ongoing projects related to e-policing. The meeting was attended by […]