Lahore, May 02, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) re-affirms long-term and short-term entity ratings of Tameer Microfinance Bank Limited (Tameer Bank) at “A+” (Single A plus) and “A1” (A One), respectively. These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. Telenor Group, ...

Islamabad, May 02, 2016 (PPI-OT):Mr. Roberto Azevedo Director General World Trade Organization in his meeting with the Minister for Commerce and at the joint press conference said that: The business environment in Pakistan is improving which is essential for economic growth and my visit will air this message to the world in most unequivocal terms. ...

Karachi, May 02, 2016 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On May-02-2016 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi KMIALLSHR POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 128 Current 20074.52 34567.52 23838.75 60118.60 14971.19 13854.67 16201.30 Minus 216 Previous 20205.61 34719.29 23953.98 60532.83 15050.76 14084.73 16254.48 Unchanged 12 High ...

Islamabad, May 02, 2016 (PPI-OT):Mr. Mohammad Ishaq Dar, Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization held a meeting with Mr. JinLiqun, President Asian Infrastructure Investment Bank (AIIB) who was accompanied by Mr. Zhou Yong, Senior Adviser to the President, Sir Danny Alexander, Vice President, Mr. Huan Chen, Chief Officer and Henry Bell, Senior ...

Karachi, Salfi Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 30, 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. 280,113 and Rs. 113,689 with loss per share 83.80 and 34.01 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Salfi Textile Mills Limited is a company incorporated in Pakistan on January 5, 1968. It is a public limited company formed under the Companies Act, 1913 as repealed by Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of yarn. The manufacturing facilities of the company are located at Landhi Industrial Estate, Karachi in the province of Sindh. 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 symbol “SALT” is being used by the stock exchanges for the shares of Salfi Textile Mills Limited.

Karachi, Salman Noman Enterprise Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 30, 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. 121,494,552 and Rs. 25,582,041 with loss per share 27.20 and 5.73 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Salman Noman Enterprise Limited incorporated on November 5, 1985. It is categorized as a Public Limited Company under the companies Ordinance, 1984. The manufacturing activities of the company include yarn production. The product line of the company includes polyester/ cotton/ viscose yarn along with carded and combed yarn. The mills have an operating capacity of 28248 spindles. The company is listed on Karachi and Lahore stock exchanges. Its registered office and mills are located in District Kasur. The symbol “SANE” is being used by the stock exchange for the shares of Salman Noman Enterprise Limited.

Karachi, PICIC Growth Fund informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on April 29, 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. 170,284 with earnings per share 0.60 and 0.62, and a profit of Rs. 18,061 with earnings per share 0.06 and 0.37 respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. PICIC Growth Fund is a closed-end equity scheme established under a Trust Deed executed between PICIC Asset Management Company Limited as the Management Company and Central Depository Company of Pakistan Limited as the Trustee. The principal business of the Fund is to invest in listed equity securities with an objective to generate capital growth. The fund is being managed by PICIC Asset Management Company Limited which is the Management Company. The fund is managed in accordance with the provisions of The Non-Banking Finance Companies Establishment and Regulation Rules, 2003, NBFC Rules, 2003. The certificates of the fund are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the fund is situated at Karachi. The symbol “PGF” is being used by the stock exchanges for the shares of PICIC Growth Fund.