Karachi: Pakistan Mobile Communication Limited informed Pakistan Stock Exchange about notice of book closure for 16th Redemption/profit payment. The closed period of the company is from April 08, 2016 to April 18, 2016 (both days inclusive). Pakistan Mobile Communications Limited was founded in 1994 and is based in Islamabad, Pakistan with a sales office and customer care centre in Muzzafarabad. Pakistan Mobile Communications Ltd. operates as a subsidiary of Global Telecom Holding S.A.E. It provides telecommunication services in Pakistan. The registered office of the company is located in Islamabad. The company offers cellular and Blackberry services; and postpaid and prepaid solutions to individuals, businessmen, corporate companies, and multinationals. It also provides on-demand audio dramas; and international roaming services, such as mobile in flight roaming, maritime roaming, GPRS roaming, and Jazz international roaming services. The symbol “PMTFC” is being used by the stock exchanges for the shares of Pakistan Mobile Communication Limited.

Karachi: Adam Sugar Mills Limited informed Karachi Stock Exchange about the progress report on completion of the purpose of right issue. The total amount received was Rs. 288,182,700 consisting Rs. 115,273,080 for 200% right shares and Rs. 172,909,620 for shares premium. Company purchased fixed assets heavily and claimed that these fixed assets could not be reflected in their earning/ financial results. Adam Sugar Mills Limited was incorporated in Pakistan in 1965 in the name of Bahawalnagar Sugar Mills Limited as a public limited company. In 1985 the name of the company was changed to Adam Sugar Mills Limited. The provisions and directives of the Companies Ordinance, 1984 prevail within the organization. The company is engaged in the business of manufacturing sugar. The registered office of the company is located in Karachi. The factory is situated in Punjab. The shares of the company are quoted on Karachi and Lahore stock Exchanges of Pakistan. The symbol “ADAMS” is being used by the stock exchanges for the shares of Adam Sugar Mills Limited.

Karachi, Pak Refinery Limited informed Pakistan Stock Exchange about increasing the shares of the company acquired by Pakistan State Oil Limited. Pakistan State Oil Limited intends to increase its Shareholding in the company from 22.5% to 49.17%. Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May, 1960. The foundations of the company are based on the Companies Ordinance, 1984. The company is engaged in the production and sale of petroleum products the domestic market and Pakistan defense forces. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated in Karachi. The refinery is operating at two locations. Main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Kemari. The design capacity of the refinery is 2.1 million tons per annum. The company is a hydro skimming refinery designed to process various imported and local crude oil to meet the strategic and domestic fuel requirements of the country. The refinery has a capacity of processing 47,000 barrels per day of crude oil into a variety of distilled petroleum products such as furnace oil, high speed diesel, kerosene oil, jet fuel and motor gasoline etc. The symbol “BYCO” is being used by the stock exchanges for the shares of Byco Petroleum Pakistan Limited.

Karachi: Descon Chemicals Limited informed Pakistan Stock Exchange that the Board of the company in its meeting held on February 22, 2016 has considered and recommended to the shareholders of the company, for the change of name of Descon Chemicals Limited to Nimir Resins Limited, subject to the approval of the shareholders and Registrar of Companies after completing all necessary procedures and approvals prescribed by law with a view to making the change of name complete and effective. Furthermore, to put this decision into effect, the Board has also proposed amendment in the Clause 1 of the Memorandum and Article 1 of the Articles of Association of Company, in accordance with requirement under the Ordinance. Descon Chemicals Limited was incorporated in Pakistan on December 17, 1964 as a private limited company and was converted into public limited company on August 19, 1991 with the name of Nimir Resins Limited. The name of the company was changed to Descon Chemicals Limited on April 01, 2010 when the company entered a scheme of arrangement for merger/amalgamation with Descon Chemicals Private Limited. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing surface coating resins and polyesters for paint industry and optical brightener and textile auxiliaries for textile industry. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The company has a workforce of 600 persons which operates from Lahore. The product range of the company includes 200 innovative products and services for markets including Coating & Emulsion, Paper and Packaging, Textile Auxiliaries, Printing Inks and Unsaturated Polyester. The plant owned by the company has an annual capacity of 30,000 metric tons. The symbol “DCH” is being used by the stock exchanges for the shares of Descon Chemicals Limited.

Karachi: PICIC Insurance Limited informed Pakistan Stock Exchange that Ms Ayesha Mohammad has resigned from the Board of the company with effect from March 24, 2016. The casual vacancy shall be filled by the board within the prescribed time. PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000. The registered office of the company is located at Karachi. The company is listed on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. PICIC Insurance Limited is a part of the Temasek Group operating in Pakistan. NIB Bank Limited a subsidiary of the Temasek Group in Pakistan is a shareholder of PICIC Insurance Limited with a 30% stake. The symbol “PIL” is being used by the stock exchange for the shares of PICIC Insurance Limited.

Karachi: Nimir Industrial Chemicals Limited informed Pakistan Stock Exchange about transaction of shares of the company. 15,000 shares were bought from the market on March 24, 2016 through CDC. Nimir Industrial Chemicals Limited, previously known as Ravi Alkalis Limited and owned by a local business family was incorporated in Pakistan on February 6, 1994. The foundations of the company are laid under the Companies Ordinance, 1984. Nimir Chemicals Company Limited, a Bermuda registered company, took over the management of the company in 1997 and consequently the name of the company was changed to Nimir Industrial Chemicals Limited in March 1998. The commercial operations of the company started from January 1, 2000. The principal activity of the company is manufacturing and sale of industrial chemical products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges. The registered office of the company is located in Faisalabad. The symbol “NICL” is being used by the stock exchanges for the shares of Nimir Industrial Chemicals Limited.

Karachi: Linde Pakistan Limited informed Pakistan Stock Exchange that board meeting of the company will be held on April 26, 2016 at Karachi. The agenda of the meeting shall be consideration of financial statement for quarter ending March 31, 2016. Further, the closed period of the company shall be from March 28, 2016 to April 26, 2016. Linde Pakistan Limited formerly known as BOC Pakistan Limited was incorporated in Pakistan under the Companies Act, 1913 now known as Companies Ordinance, 1984. The foundation of the company was laid as a private limited company in 1949 and converted into a public limited company in 1958. The company is a subsidiary of The BOC Group Limited whereas its ultimate parent company is Linde AG, Germany. The company was rebranded as Linde Pakistan limited on September 14, 2011. Linde Pakistan Limited is a member of the Linde Group, a supplier of gas and engineering solutions globally. The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. The company is operating in Pakistan for over more than 65 years. The registered office of the company is located at Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company manufactures and distributes industrial, medical and specialty gases. Besides this the company is also engaged in the manufacturing of welding products and provides a range of related services including installation of on-site plants, gas equipment, pipelines and associated engineering services. The production facility of the company includes ten gas plants producing atmospheric gases, CO2, hydrogen, dissolved acetylene and nitrous oxide, spread across various major cities of Pakistan. The sales centers of the business are spread all across Pakistan. The symbol “LINDE” is being used by the stock exchange for the shares of Linde Pakistan Limited.