Karachi, Hala Enterprises Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Lahore on April 29, 2016. The agenda of the meeting was discussion of profit and loss accounts for nine months period and quarter ended March 31, 2016 which portrayed a loss of Rs. 6,911,985 and Rs. 1,153,477 with loss per share 1.02 and 0.17 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Since 1974, Hala Enterprises Limited has been one of the leading innovators and market trend setters in the towel industry of the region. The company’s core business activity is centered on towel and other terry products manufacturing in the Lahore district of Pakistan. The entire manufacturing is based on custom-made items for specific clientele for export purposes. While exports are world-wide, the concentration of sales is within Europe – aimed at both the institutional and the retail sector. Hala is a completely integrated towel manufacturing unit with all facilities in-house. The total manufacturing capacity is approximately 1500 tons annually – due to which the company is able to exercise astonishing levels of flexibility when it comes to query-based orders. The symbol “HAEL” is being used by the stock exchanges for the shares of Hala Enterprises Limited.

Karachi, Pak Services Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Islamabad 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 profit of Rs. 1,530,488 and Rs. 660,706 with earnings per share 47.06 and 20.31 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Pakistan Services Limited was incorporated in Pakistan on December 6, 1958 in Karachi as a public limited company. The foundations of the company have been laid under the Companies Act, 1913 now referred to as the Companies Ordinance, 1984. The company is engaged in the hotel business and owns and operates the chain of “Pearl Continental Hotels” in Pakistan. PSL owns six luxury hotels in all major cities of Pakistan. The total capacity of all six hotels is 1,526 rooms which are managed by more than 3000 employees across Pakistan. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The subsidiary of the company is Pearl Tours and Travels Private Limited, Pear Continental Hotels Private Limited, Bhurban Resorts Private Limited and Mustafa International Private Limited. The “PC” logo is a local brand and a registered trademark owned by PSL. The company has granted the use of its trademark to other hotel operating companies across the country. “Zaver Pearl Continental Hotel” set up in the deep seaport city of Gwadar, Baluchistan owned by a sister concern Hashwani Hotels Limited and upcoming PC Faisalabad Hotel both these hotels have been granted franchise by PSL to use the said trademark. PSL has also granted use of its trademark to another sister concern M/s. Hotel One Private Limited. It is running hotels in different parts of the country namely, Islamabad, Multan, Faisalabad, Sialkot, Bahawalpur and Lahore. The symbol “PSEL” is being used by the stock exchanges for the shares of Pakistan Services Limited.

Karachi, Khurshid Spinning Mills Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Faisalabad 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 loss of Rs. 13,730 and Rs. 4,423 with loss per share 1.04 and 0.34 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Khurshid Spinning Mills Limited is a company incorporated in Pakistan. The registered office of the company is located in Lahore. The company is engaged in manufacture and sale of knitting and weaving yarn. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The production of the company is ISO 9002 certified. The production capacity of the plant is 450,000 Kilograms of yarn. The symbol “KHSM” is being used by the stock exchange for the shares of Khurshid Spinning Mills Limited.

Pakistan is witnessing worrying new policies and practices that can have serious consequences on freedom of expression and safety of media in the country, according to the Pakistan Press Freedom Report issued by Pakistan Press Foundation (PPF) on World Press Freedom Day commemorated globally on May 3. The report cites aggressive system of editorial advice […]

Islamabad, May 02, 2016 (PPI-OT):Federal Minister for Planning, Development and Reform Ahsan Iqbal urged World Trade Organization (WTO) to support Pakistan in capacity building in SME sector and trade facilitation for CPEC. Pakistan eyes $150 billion exports by 2025 under Vision-2025, which requires a paradigm shift in nature and composition of exports by adding value ...

Islamabad, May 02, 2016 (PPI-OT):Mr. Roberto Azevedo, DG World Trade Organization called on Prime Minister Muhammad Nawaz Sharif at PM House today. Warmly welcoming the DG WTO, the Prime Minister said that Pakistan is actively pursuing regional integration and China Pakistan Economic Corridor (CPEC), which consists of $ 46 billion investment and infrastructure projects. These ...

3 مئی کو عالمی یوم آزادی صحافت پر پاکستان پریس فاؤنڈیشن (پی پی ایف) کی جاری کردہ پاکستان آزادی صحافت رپورٹ کے مطابق پاکستان ان پریشان کن رحجانات اور طریقوں کا مشاہدہ کررہا ہے جو ملک میں آزادی اظہار رائے اور میڈیا کے تحفظ پر سنجیدہ اثرات مرتب کر سکتے ہیں۔ رپورٹ پاکستان الیکٹرانک میڈیا […]