Islamabad, March 31, 2016 (PPI-OT):The Minister of State for Foreign Affairs, and the Special Assistant to the Prime Minister on Foreign Affairs (SAPM), Syed Tariq Fatemi, held a bilateral meeting […]

Islamabad, March 31, 2016 (PPI-OT):The Second Round of Bilateral Political Consultations between Pakistan and Bulgaria was held in Islamabad on 31st March, 2016. Mr. Rafiuzzaman Siddiqui, Additional Secretary (Europe) led […]

Karachi, Al-Ghazi Tractors Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 21, 2016 at Karachi. The agenda of the meeting will be consideration of the audited financial statement of the company for year ended December 31, 2015, considering the payment of cash dividend of Rs. 25 per share, i.e. 500%, appointing and fixing remuneration of the auditors. Further, the closed period of the company is from April 14, 2016 to April 21, 2016 (both days inclusive). Al-Ghazi Tractors Limited is a company incorporated in Pakistan as a public limited company in June, 1983. The foundations of the company have been laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacture and sale of agricultural tractors, implements and spare parts. 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 manufacturing facility of the company is located in Dera Ghazi Khan. The symbol “AGTL” is being used by the stock exchanges for the shares of Al-Ghazi Tractors Limited.

Karachi, Universal Insurance Company Limited informed Pakistan Stock Exchange that board meeting of the company is scheduled to be held on April 07, 2016 at Rawalpindi. The agenda of the meeting shall be consideration of annual accounts for period ended December 31, 2015. Further, the closed period of the company shall be from March 31, 2016 to April 07, 2016. Universal Insurance Company Limited is a public limited company incorporated in Pakistan on May 9, 1958. The foundations of the company rely on the Companies Act, 1913 now referred to as Companies Ordinance, 1984. It is engaged in the business of non-life insurance business. The services of the company includes motor insurance, marine insurance, fire insurance, miscellaneous insurance, travel insurance and claim settlement procedures. The registered office of the company is located in Lahore. The stocks of the company are quoted on Karachi and Lahore Stock Exchange of Pakistan. The company is a part of the Bibojee Group of Companies. The operations of the company started in 1960. The reinsurers of the company are Hanover Reinsurance Company of West Germany, Somitomo Marine and Fire Insurance Company of Japan, Korean Reinsurance Company of Korea and J.B Boda & company broker of Singapore. This clientage of the company includes Textile/Spinning Mills, Flour Mills, Sports and Surgical Manufacturers, Garment Factories, Sugar Mills, Ghee Industries and various other industrial projects the number of which runs over fifteen thousand. The company is also on the approved panel of all the local and foreign Banks/Financial Institutions/Leasing Companies and Modarabas etc. The symbol “UVIC” is being used by the stock exchange for the shares of Universal Insurance Company Limited.

Karachi, IGI Insurance Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on April 21, 2016 at Karachi. The agenda of the meeting will be confirming minutes of extraordinary general meeting held on March 31, 2016, consideration of the audited financial statements of the company for year ended December 31, 2015, considering the payment of cash dividend of 40%, appointing and fixing the remuneration of the auditors. Further, the closed period of the company is from April 11, 2016 to April 21, 2016 (both days inclusive). IGI Insurance Limited a Packages Group Company, was incorporated in Pakistan as a public limited company in 1953 under Companies Ordinance, 1984. The insurance company is engaged in providing general insurance services in spheres of Fire, Marine, Motor, Health and Miscellaneous. 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 company is currently engaged in the process of acquisition of American Life Insurance Company for the acquisition of ownership interest of 40,986,690 ordinary shares representing approximately 81.97% of the total issued, subscribed and paid up capital shares of the company. The associated companies of the group includes packages limited, nestle Pakistan Limited, Sanofi-Aventis, Tri-Pack Films Limited, Treet Corporation Limited, Siemens Pakistan Engineering Company Limited, Coca-Cola Beverages Pakistan Limited, Mitchell’s Fruit Farms Limited, Zulfeqar Industries Limited, Loads Limited, IGI Investment Bank Limited and IGI Securities Limited. The symbol “IGIIL” is being used by the stock exchanges for the shares of IGI Insurance Limited.

Karachi, Pakistan Stock Exchange informed that share certificates of Standard Chartered Modaraba have been reported lost/misplaced by the shareholders, as notified by the registrar companies. If the company does not receive any objection within 21 days...

Karachi: Masood Textile Mills Limited informed Pakistan Stock Exchange that pursuant to Board meeting of the company dated March 31, 2016, Mr. Naseer Ahmad Shah and Mr. Shahid Nazir Ahmad have been appointed as Chairman and CEO of the company respectiv...