Karachi, Globe Textile Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on July 29, 2016 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended March 31, 2016. Further, the closed period of the company shall be from July 22, 2016 to July 29, 2016 (both days inclusive). A spinning unit in the name of Globe Textile Mills Limited was established in the year 1969 which started production in the year 1970. The capacity of the unit was 25,200 spindles with complete Back Process and Murata Winders. The unit was updated in the late 1980’s and an extensive programme of balancing, modernisation, and replacement was carried out at a huge capital investment. Blow Room, card and Drawing with Autolevel from Rieter were installed and modernization of Toyoda Simplex and Toyoda Rings was undertaken. The unit was specialized in the manufacture of hosiery yarn, 100% cotton and is known for its quality locally as well as internationally. In the year 1990, the Company went into an expansion programme to establish another spinning unit consisting of 14,400 spindles with complete Back Process including Combers from Rieter, Toyoda FL-16 Simplex, Chinese Ring with Invertors from Shanghai No.2 and Winders from Murata (Mach Splicers) with Polymatic. The symbol “Glot” is being used by the stock exchanges for the Globe Textile Mills Limited.

Karachi, Al-Abbas Sugar Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on July 29, 2016 at Karachi. The agenda of the meeting shall be consideration of nine month accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from July 23, 2016 to July 29, 2016 (both days inclusive). Al-Abbas Sugar Mills Limited is a company incorporated in Pakistan on May 2, 1991 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company is manufacturing and sale of sugar, processing and sale of industrial ethanol, manufacturing and sale of Calcium Carbide and Ferro alloys, generation and sales of electricity and providing bulk storage facility. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The manufacturing facilities of the company are located at Mirpurkhas, Thatta and Karachi. The company has also entered into agreement of supply of Carbon Dioxide gas at its Ethanol division. The symbol “AABS” is being used by the stock exchanges for the shares of Al-Abbas Sugar Mills Limited.

Karachi, Imperial Sugar Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on July 29, 2016 at Lahore. The agenda of the meeting shall be consideration of third quarterly accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from July 22, 2016 to July 29, 2016 (both days inclusive). Imperial Sugar Limited is a public limited company, incorporated on May 9th, 2007 to undertake Sugar and Allied businesses. The company acquired two Sugar plants and one Ethyl Alcohol (Ethanol) Distillery in the year 2007. After completion of these acquisitions and approval of the SECP and KSE, the Company was listed on Karachi Stock Exchange on August 13th, 2008. In order to recover a huge amount of Carbon Dioxide Gas (CO2) that is produced during the fermentation process of Molasses, a state of the art CO2 Recovery Plant with 48 Metric Tons/Day capacity was bought from Italy, which is currently under erection and installation process. It is worth mentioning that no distillery in Pakistan but one other than ours has the CO2 recovery system installed. Elsewhere in Pakistan, CO2 produced during fermentation process is exhausted in the atmosphere and thus wasted. The Symbol “IMSL” is being used by the stock exchange for Imperial Sugar Limited.

Karachi, Hinopak Motors Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 22, 2016. The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2016 which portrayed a profit of Rs. 73,539 with earnings per share 5.93 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Hinopak Motors Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is assembly, manufacture and sale of Hino buses and trucks. The company also sells buses and trucks in the international market. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi. The company is a subsidiary of Hino Motors Limited Japan and the ultimate parent of the company is Toyota Motors Corporation Japan. In 1998, Hino Motors Limited and Toyota Tsusho Corporation obtained majority shareholding in the company after disinvestments by the other two founding sponsors. It has over 50% share in the Pakistani Truck and Bus industry. The symbol “HINO” is being used by the stock exchanges for the shares of Hinopak Motors Limited.

SINGAPORE, July 22, 2016 /PRNewswire/ — Mandarin Orchard Singapore’s eponymous Szechwan restaurant, Shisen Hanten by Chen Kentaro, has been awarded two stars in the Michelin Guide Singapore 2016 — Singapore’s first-ever list of Michelin hotels and restaurants. The accolade makes Shisen Hanten by Chen Kentaro the highest Michelin-rated Chinese restaurant island-wide. “We are beyond thrilled and […]

Karachi, July 22, 2016 (PPI-OT): LG Electronics (LG) and Volkswagen AG have entered into a memorandum of understanding signalling their commitment to cooperate on the research and development of a next-generation connected car service platform. Key LG executives present at the signing at Volkswagen HQ in Wolfsburg, Germany included Richard Choi, head of LG Cloud ...

Karachi, July 22, 2016 (PPI-OT): Committed to providing relief to its data hungry consumers, Jazz has announced a reduction in its data base rate for the Champion’s package. Previously, the package was being offered to consumers at PKR 10/MB, which has now been reduced to PKR 2/MB. Speaking about this latest offer, Muhammad Ali khan, ...