Karachi, Shakarganj Mills Limited informed Pakistan Stock Exchange about appointment of Mr. Muhammad Asif as Chief Financial Officer with effect from August 11, 2016 in place of Mr. Nisar Ahmed. Shakarganj Mills Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. It is principally engaged in manufacture, purchase and sale of sugar, bio fuel, building materials, yarn (textile) and engaged in generation and sale of electricity (bio power). The manufacturing facility of the company is located at Jhang and satellite manufacturing facilities at Bhone. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the Company is situated at Lahore. The symbol “SGML” is being used by the stock exchange for the shares of Shakarganj Mills Limited.

Karachi, Pakistan Telecommunications Company Limited informed Pakistan Stock Exchange that the board of directors meeting of the company is in progress due to which company was unable to communicate the financial results on July 19, 2016. The results of the meeting shall be conveyed on the next working day i.e. on July 20, 2016. Pakistan Telecommunication Company Limited is a company incorporated in Pakistan on December 31, 1995 and commenced business on January 01, 1996. The foundations of the company are laid under the Companies Ordinance, 1984. The company was established to undertake the telecommunication business formerly carried on by the Pakistan Telecommunication Corporation (PTC). All the business was transferred to the Company on January 01, 1996 under the Pakistan Telecommunication Reorganization Act, 1996, on which date, the Company took over all the properties, rights, assets, obligations and liabilities of PTC, except those transferred to the National Telecommunication Corporation (NTC), the Frequency Allocation Board (FAB), the Pakistan Telecommunication Authority (PTA) and the Pakistan Telecommunication Employees’ Trust (PTET). The company provides telecommunication services in Pakistan. It owns and operates telecommunication facilities and provides domestic and international telephone services and other communication facilities throughout Pakistan. The company has also been licensed to provide such services in territories of Azad Jammu and Kashmir and Gilgit-Baltistan. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad. The symbol “PTC” is being used by the stock exchange for the shares of Pakistan Telecommunications Company Limited.

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on July 27, 2016 at Rawalpindi. The agenda of the meeting shall be consideration of half yearly accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from July 20, 2016 to July 27, 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, Adam Sugar Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on July 27, 2016 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from July 19, 2016 to July 27, 2016 (both days inclusive). Adam Sugar Mills Limited was incorporated in Pakistan in 1965 in the name of Bahawalnagar Sugar Mills Limited as a public limited company. In 1985 the name of the company was changed to Adam Sugar Mills Limited. The provisions and directives of the Companies Ordinance, 1984 prevail within the organization. The company is engaged in the business of manufacturing sugar. The registered office of the company is located in Karachi. The factory is situated in Punjab. The shares of the company are quoted on Karachi and Lahore stock Exchanges of Pakistan. The symbol “ADAMS” is being used by the stock exchanges for the shares of Adam Sugar Mills Limited.

Karachi, July 19, 2016 (PPI-OT):Shaikh Mohammad Shafiq, central chairman, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in a statement said that the exports fell by 12.11% from $23.667 billion to $20.802 billion in the fiscal year 2015 – 2016. The imports increased by 2.27%, standing at $4.467 billion in June 2016 compared to $4.368 ...

Lahore, July 19, 2016 (PPI-OT):Huawei is one of the youngest and biggest brands in the telecom world. The Global business world is a complex and dynamic arena, where only the most competitive and rapidly evolving enterprises can thrive. Specially, when it comes to the technology sector, only the organizations that can consistently innovate and keep ...

Islamabad, July 19, 2016 (PPI-OT):The Securities and Exchange Commission of Pakistan (SECP) deplores articles and comments published in a section of the press, giving misleading impression that brokerage houses are surrendering their trading right entitlement (TRE) certificates due to stringent regulatory framework put in place by the SECP. As a matter of fact, the 12 ...