Srinagar, March 30, 2016 (PPI-OT):In occupied Kashmir, a Kashmiri youth detained at Central Jail in Srinagar has said that police had forced him into confession with third degree torture and […]

Srinagar, March 30, 2016 (PPI-OT):In occupied Kashmir, a prayer session was organized by the Jammu and Kashmir Liberation Front in Srinagar on the martyrdom anniversaries of Ishfaq Majeed Wani, Shabbir […]

Srinagar, March 30, 2016 (PPI-OT):In occupied Kashmir, the All Parties Hurriyet Conference has called for settlement of the Kashmir dispute to ensure lasting peace in South Asian region. The demand […]

Brussels, March 30, 2016 (PPI-OT):The Kashmir Council European Union held protest demonstrations, today, on Indian Prime Minister, Narendra Modi’s arrival in Brussels, the Belgium’s capital and EU headquarters. The protest […]

Srinagar, March 30, 2016 (PPI-OT):In occupied Kashmir, Hurriyet leaders have reaffirmed the Kashmiris’ commitment to continue the mission of their martyrs till it reaches its logical conclusion. The reaffirmation was […]

Karachi: Aisha Steel Mills Limited informed Pakistan Stock Exchange about conversion of preference shares into ordinary shares during the period July 2015 to December 2015. Aisha Steel Mills Limited is a company incorporated in Pakistan on May 30, 2005. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the business are supplying cold rolled steel coils to local and international customers. The company has entered into a strategic tie-up with Mitsubishi Corporation and ensures seamless marketing, sales, and distribution of its products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The company is a joint venture between blue chip Pakistani and Japanese business groups which are Arif Habib Group, Pakistan Metal One Corporation, Japan, and Universal Metal Corporation, Japan. The capacity of the plant is 220,000 metric tons per year. The symbol “ASL” is being used by the stock exchanges for the shares of Aisha Steel Mills Limited.

Karachi: United Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 700 shares were bought from the market on March 29, 2016 and 5,000 shares were bought from market on March 30, 2016 through CDC. 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.