Karachi, Samba Bank Limited informed Pakistan Stock Exchange about resignation of Mr. Farhat Abbas Mirza, director of the company with effect from April 21, 2016. The casual vacancy shall be filled by the board within the prescribed time. Samba Bank Limited is a banking company incorporated in Pakistan. It is engaged in the business of commercial banking and other related services. The Bank is a subsidiary of SAMBA Financial Group of Saudi Arabia, which holds 80.68% shares of the Bank as at December 31, 2012. The registered office of the company is located in Karachi. The shares of the bank are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The businesses of the bank include providing corporate banking, investment banking, treasury and transactional services to its customers. The symbol “SBL” is being used by the stock exchanges for the shares of Samba Bank Limited.

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Rawalpindi on April 26, 2016. The agenda of the meeting was discussion of consolidated profit and loss account for period ended March 31, 2016 which portrayed a profit of Rs. 769,415 with earnings per share 0.60 basic and diluted. Further, Rs. 1.85 per share i.e. 18.50% payment of cash dividend, nil bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from June 06, 2016 to June 12, 2016 (both days inclusive). Fauji Fertilizer Company Limited is a public company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing, purchasing and marketing of fertilizers and chemicals, including investment in other fertilizer, chemical, other manufacturing, and energy generation and banking operations. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The registered office of the company is situated at Rawalpindi and it is domiciled there. Associated companies of the group are FFC Energy Limited, Fauji Fertilizer Bin Qasim Limited, Askari Bank Limited and Al-Hamd Foods Limited. The symbol “FFC” is being used by the stock exchanges for the shares of Fauji Fertilizer Company Limited.

Karachi, Mian Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 26, 2016. The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a loss of Rs. 6,252 and Rs. 5,121 with loss per share 0.28 and 0.23 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Mian Textile Industries Limited, “the Company”, was incorporated in Pakistan on December 01, 1986 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on Karachi and Lahore Stock Exchanges. The registered office of the Company is situated at 29-B/7, Model Town, Lahore and its manufacturing facilities are located at 48.5 K.M. Multan Road, Bhai Pheru, Tehsil Chunian, District, Kasur. The Company is principally engaged in the business of manufacturing, sale and export of textile products. Due to the un-economical condition the production of own yarn and cloth was closed down and conversion services were extended to other parties. Weaving section building and Spinning section machinery, factory building has been leased to third parties. The symbol “MTIL” is being used by the stock exchange for the Mian Textile Mills Limited.

Karachi, SG Power Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on May 02, 2016 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended March 31, 2016. SG Power Limited has been an electricity generating unit to supply the electricity to its associated company SG Fibre Limited. The symbol “SGPL” is being used by the stock exchange for the shares of SG Power Limited.

Karachi, SG Fibre Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on May 02, 2016 at Karachi. The agenda of the meeting shall be consideration of third quarterly accounts for the period ended March 31, 2016. SG Fibre Limited emerged as a Private Limited Company on December 11, 1968, with the name of SG Rayon Mills that later converted into a Public Limited Company on March 16, 1994 and renamed as SG Fibre Limited on November 3, 1994. SG Fibre Limited was listed on the Karachi Stock Exchange on March 28, 1996 and just after a year of its enlistment the Company’s share became highest among the category of Filament Yarn Manufacturers on the Exchange. The symbol “SGFL” is being used by the stock exchange for the shares of SG Fibre Limited.

Karachi, Dewan Cement Limited informed Pakistan Stock Exchange that the board of directors meeting of the company is in progress. The results of the meeting shall be conveyed on April 26, 2016 after the meeting will end. Dewan Cement Limited was incorporated in Pakistan as a public limited company in March, 1980. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activity of the company is manufacture and sale of cement. The company has two production facilities at Karachi and Khyber Pakhtunkhwa. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi. The symbol “DCL” is being used by the stock exchanges for the shares of Dewan Cement Limited.

Islamabad, April 26, 2016 (PPI-OT): A 19-member delegation from the National Defence University (NDU) Pakistan led by Lt. Gen. Nazir Ahmed Butt, HI (M) is currently visiting Sri Lanka, says […]