Karachi, April 28, 2016 (PPI-OT):The urban search and rescue unit of municipal services department of KMC would be improved on modern lines with increased staff to provide instant help to […]

Islamabad, April 28, 2016 (PPI-OT):The Chairman, Securities and Exchange Commission of Pakistan (SECP), Zafar Hijazi, said that a vibrant and well regulated insurance sector is the most lending force contribution […]

SHANGHAI, China, Apr. 28, 2016 /Xinhua-AsiaNet/– On April 28, UnionPay International announced its joint issuance of the first UnionPay credit card (card number starting with 62) in the US with Industrial and Commercial Bank of China (US) (hereinafter referred to as the “ICBC US”). It is also the first credit card issued by a Chinese […]

Karachi, ICI Pakistan Limited informed Pakistan Stock Exchange about transaction of shares by a Director of the company. Four shares have been inherited on April 22, 2016 through CDC. ICI Pakistan Limited is a company incorporated in Pakistan. It is engaged in the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonate and polyurethanes. It also markets seeds, toll manufactured and imported pharmaceuticals and animal health products and is a merchant of general chemicals. Besides this the company also acts as an indenting agent and toll manufacturer. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The subsidiary of the company is ICI Pakistan Power Gen Limited incorporated in Pakistan as an unlisted public company. It is a wholly owned subsidiary company of ICI Pakistan Limited which is engaged in generating, selling and supplying electricity to the Company. The symbol “ICI” is being used by the stock exchange for the shares of ICI Pakistan Limited.

Karachi, Systems Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 27, 2016. The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended March 31, 2016 which portrayed a profit of Rs. 99,353,380 with earnings per share 0.91 and 0.90 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Systems Limited is a global leader of next-generation IT services and BPO solutions. Ever since its inception in 1977, the company has evolved and taken center stage in information and technology by providing computing strategies and solutions to Government and Private Organizations. With three decades of experience and IT evolution, they have accomplished above 500 projects completed in the US, Pakistan, Middle East and Africa. They excel at delivering business solutions to a huge list of clients from diverse industries that also includes several names from the Fortune 500. Their offshore facilities established in the US, UAE, UK, and Pakistan, comprise of over 2,500 customer-focused employees providing a great customer experience. Systems Limited serves to enrich their productivity by guaranteeing that their core business functions work faster, cheaper and better. Using ability to conceptualize, they design, innovate, and implement with the latest and advanced tech proficiencies, hence enabling clients to metamorphose their legacy models and take their business to the next level. The symbol “SYS” is being used by the stock exchanges for the shares Systems Limited.

Karachi, Babri Cotton Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on April 28, 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. 4,844 with loss per share 1.33 basic and diluted, and a profit of Rs. 2,469 with earnings per share 0.68 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Babri Cotton Mills Limited was incorporated on the 26th of October, 1970 as a Public Limited Company under the capable professional guidance of founder chairman (Late) Lt.General (R) M Habibullah Khan Khattak. It was established as a textile spinning unit at Kohat with a capacity of 25,056 spindles. The mill is located in Kohat at a distance of 55 km south of Peshawar. Its Commercial production started in 1973. The textile industry in Pakistan suffered a serious crisis from 1977 to 1985. Many mills were forced to close down their weaving and processing units especially in Khyber Pakhtunkhwa (Formerly N.W.F.P). However, from 1986 onwards the management of the company with untiring efforts converted this unit back to a profit earning unit. The Company from its own resources has added another 27984 spindles along with complete back process till 2010. The Company is engaged in production of super fine counts of 80s combed yarn from extra-long staple cotton of USA Pima and CIS origin. We also manufacture and sell 52/s combed yarn which is being sold at premium. The company has invested since 1995 a total sum of Rs. 399.767 million in plant and machinery under balancing modernization and replacement (BMR) scheme out of its own cash resources Rs. 178.767 million and 221.000 million loan obtained from National Bank of Pakistan. Presently the mill is equipped with 53,040 spindles (109 Ring Frames) with complete latest model back process and auto coners. All products pass through a stringent Quality Management System and are supervised by laboratory checks to ensure conformity to the highest standards. The total capacity of the mills is now 53,040 spindles & 400 rotors. The Mill employs around 1200 full time employees. The symbol “BCML” is being used by the stock exchange for Babri Cotton Mills Limited.

Karachi, Masood Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on April 28, 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 profit of Rs. 518,602 and Rs. 181,172 with earnings per share 8.26 and 2.90 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Masood Textile Mills is the only textile mill in Pakistan with latest computerized Barcode System that assures quality in every operation of production from spinning to packing. Products of each department carry bar coded stickers, which bear all the details and history of the operations of that product. Hence if any problem is reported, one can trace back the root of the problem and enable to prevent occurrence of the same in future. Besides, MTM is one of the few fully vertical textile mills in Pakistan having in-house Yarn, Knitting, Fabric dyeing, Processing, Laundry and Apparel Manufacturing facilities. The vertically integrated operations help us in achieving shorter lead times and greater flexibility to cater to the customers demand. The symbol “MSOT” is being used by the stock exchange for Masood Textile Mills.