Karachi, Shezan International Limited informed Pakistan Stock Exchange about resignation of Mr. Munaf Ibrahim, Director of the company. The casual vacancy shall be filled by the board within the prescribed time. Shezan International Limited is a public limited company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing, trading and sale of juices, pickles, jams, ketchups etc., based upon or derived from fresh fruits and vegetables. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The symbol “SHEZ” is being used by the stock exchanges for the shares of Shezan International Limited.

Karachi, Baba Farid Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on July 29, 2016. The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended June 30, 2016 which portrayed a profit of Rs. 8,835,872 and Rs. 3,494,699 with earnings per share 0.94 and 0.37 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Baba Farid Sugar Mills Limited is a company incorporated in Pakistan in 1978 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. It is principally engaged in the manufacturing and sale of sugar including its by-products i.e. Molasses and V. Filter Cake. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and its manufacturing facility is located in Punjab. Baba Farid Sugar Mills Limited is the second sugar mill of the Imporient Group and is located in Okara. The production capacity of the company is 27,200 Tonnes. The company is also a member of the Chamber of Commerce and Industry. The symbol “BAFS” is being used by the stock exchanges for the shares of Baba Farid Sugar Mills Limited.

Karachi, Pakistan State Oil Company Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 06, 2016 at Karachi. The agenda of the meeting shall be consideration of annually accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from July 30, 2016 to August 08, 2016(both days inclusive). Pakistan State Oil Company Limited is a public limited company incorporated in Pakistan in 1976. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are procurement, storage and marketing of petroleum and related products. The company is also known for blending various kinds of lubricating oils. 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 Karachi. The products which the company sells include Motor Gasoline, High Speed Diesel, Furnace Oil, Jet Fuel, Kerosene, CNG, LPG, Petrochemicals and Lubricants. The distribution network of the company comprises of 3,689 outlets out of which 3,500 outlets serve the retail sector and 189 outlets serve the bulk customers. In addition to retail customers more than 2,000 industrial units, business houses, power plants and airlines are being fueled by the company. The associated companies of PSO are Asia Petroleum Limited with 49% shareholding and Pak Grease Company Limited with 22% shareholding percentage. The industry association and trade bodies of the company include Management Association of Pakistan and World Economic Forum. The symbol “PSO” is being used by the stock exchanges for the shares of Pakistan State Oil Company Limited.

Lahore, July 29, 2016 (PPI-OT): The President APBF Ibrahim Qureshi asked the government to consider automatic refund mechanism which will reduce complaints, ensure transparency and boost exports. Government should consider automating the refund system which will allay concerns of the business community and reduce load on the FBR, said Ibrahim Qureshi. He said that automatic ...

Karachi, July 29, 2016 (PPI-OT): PIA has formalized wet leasing of three A-330 aircraft from Sri Lankan Airlines. At a ceremony held in Colombo today, CEO, Mr. Bernd Hildenbrand signed […]

Peshawar, July 29, 2016 (PPI-OT): There is no justification- be it cultural, economic or social-for denying girls and women an education, Illiteracy keeps women marginalized and constitutes a foremost obstacle […]

Karachi, July 29, 2016 (PPI-OT): In order to facilitate its valued customers living outside Bahawalpur, DHA Bahawalpur Management is pleased to announce that in Karachi the Transfer and Record Sub […]