Mobile Lifecycle Solutions Offer Diagnostics, Content Transfer and Secure Wipe Solutions for New Handset Across 150,000 Retail Service Points Globally PETAH TIKVAH, ISRAEL–(Marketwired – May 6, 2016) – Cellebrite, the leading developer and provider of Mobile Lifecycle solutions, today announces that it is supporting the launch of the new HTC 10 by offering fast, secure […]

Karachi, May 06, 2016 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On May-06-2016 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi KMIALLSHR POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 157 Current 21095.17 35973.69 24615.93 62616.88 15789.93 14597.24 16681.89 Minus 178 Previous 21090.67 35941.47 24620.63 62624.35 15756.32 14815.08 16687.01 Unchanged 25 High ...

Lahore, May 06, 2016 (PPI-OT):Bank Islami Pakistan Limited acquired and amalgamated the defunct KASB Bank on May 7, 2015. BIPL had to face many challenges during the merger process. This inter-alia includes post-acquisition fair valuation of KASB’s assets and liabilities; this resulted in delay in finalization of accounts. Till date only published financial statements are ...

Karachi, May 06, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited has revised the entity ratings of Burj Bank Limited (BBL) to ‘BBB+/A-2’ (Triple B Plus/A-Two) from ‘A-/A-2’ (Single A Minus/A-Two). Ratings have been placed under ‘Rating Watch – Developing’ Status on account of ongoing merger and acquisition (M and A) activity. Currently three commercial banks have ...

Islamabad, May 06, 2016 (PPI-OT):The Board of Directors at Bestway Cement Limited announced financial results for nine months to March, 2016. Bestway’s turnover on a consolidated basis soared by more than 49% percent from Rs. 22.03 billion to Rs. 32.91 billion. This was largely due to acquisition of Pakcem Limited and increase in domestic demand. ...

Karachi: Ansari Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on May 27, 2016 at Hyderabad. The agenda of the meeting is to consider the Half Yearly Accounts for the period ended March 31, 2016 for declaration of any entitlement. Further, the Company has declared the closed period from May 21, 2016 to May 27, 2016 Ansari Sugar Mills Limited is a company incorporated in Pakistan on July 9, 1989 as a public limited company. The principal activity of the company is manufacture and sale of white sugar. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and its factory outlet is located District Hyderabad and District Badin. The overall crushing capacity of the company is 8000 Metric Tons per day. The products of the company are White Refined Sugar and Molasses. The symbol “ANSM” is being used by the stock exchanges for the shares of Ansari Sugar Mills Limited.

Karachi: The Universal Insurance Company Limited informed Pakistan Stock Exchange that appointment of Mr. Muhammad Kuli Khan Khattak with effect from April 30, 2016 in place of Ch. Sher Mohammad. 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.