2016 September : AsiaNet-Pakistan

Archive for September, 2016

Furniture Design Stars Break New Ground at China International Furniture Fair

September 30, 2016 | Business, General

SHANGHAI, Sept. 30, 2016 /PRNewswire/ — The 38th China International Furniture Fair (CIFF) Shanghai hosted from September 7 to 10 at the National Exhibition and Convention Center (NECC) in Shanghai brought the public’s attention to pioneering furniture design concepts and products, highlighting modern architecture’s relationship with art through a series of exhibitions, forums and dialogue […]

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Pakistan Stock Exchange Limited Market Position on 30-09-2016

September 30, 2016 | Stock Exchange Announcements

Karachi, September 30, 2016 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On September-30-2016 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi KMIALLSHR POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 310 Current 22436.20 40541.81 27682.25 68959.36 17378.63 15833.42 19176.82 Minus 114 Previous 22351.35 40295.52 27469.01 68667.20 17264.05 15804.61 19025.15 Unchanged 11 High …

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Secretary Commerce of Pakistan and British Permanent Secretary at Department for International Trade agree on strong commercial relations

September 30, 2016 | General Business News

Islamabad, September 30, 2016 (PPI-OT):Mr. Azmat Ali Ranjha, Federal Secretary Commerce is on an official visit to the UK, to assess post Brexit trade opportunities in the UK. His visit schedule includes senior level interactions with Department for International Trade (DTI), Foreign and Commonwealth Office (FCO), British Parliamentarians, key business leaders and chambers, says a …

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Banks advised to specifically focus on Training and Development of their Employees

September 30, 2016 | General Business News

Karachi, September 30, 2016 (PPI-OT): State Bank of Pakistan (SBP) issued “Guidelines for Training and Development of Bank Employees.” The guidelines primarily aim to provide continuous learning atmosphere to bank employees. The guidelines advised banks to prepare a comprehensive training and development policy duly approved by their Board of Directors for all major functional areas, …

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یونین پے انٹرنیشنل بین السرحدی صارفی خدمت نظام بناتا ہوا

September 30, 2016 | Business, General, Urdu

شنگھائی، 29 ستمبر 2016ء/پی آرنیوزوائر/– یونین پے انٹرنیشنل نے اعلان کیا ہے کہ کیو یو این آر، کنگ پاور ڈیوٹی فری اور پانچ معروف برانڈ اسٹورز جو سنگاپور ولیرام گروپ کے ماتحت ہیں اس کے بین السرحدی مارکیٹنگ پلیٹ فارم میں شمولیت اختیار کر چکے ہیں۔ صارفین موبائل فونز کے ذریعے خصوصی کوپنز حاصل کر […]

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Financial results of Towellers Limited for period ended June 30, 2016

September 30, 2016 | General

Karachi, Towellers Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 26, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 144,832,741 with earnings per share 8.52 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 18, 2016 to October 25, 2016 (both days inclusive). Towellers Limited is a company for design, manufacturing and production of premium lifestyle products in five environments, bedroom, living room, kitchen and bathroom and institutional. The link with clothing is certain and not just because of the company’s vocation, but also because of the innovative decision to transfer techniques, skills, materials, colors and ideas from households to clothing. The Symbol “TOWL” is being used by the stock exchange for Towellers Limited.

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Financial results of Orix Leasing Pakistan Limited for period ended June 30, 2016

September 30, 2016 | General

Karachi, Orix Leasing Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 29, 2016. The agenda of the meeting was discussion of consolidated profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 741,664,080 with earnings per share 9.04 basic and diluted and unconsolidated profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 742,175,650 with earnings per share 9.04 basic and diluted respectively. Further, 45% payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 22, 2016 to October 29, 2016 (both days inclusive). ORIX Leasing Pakistan Limited is a company incorporated in Pakistan as a private limited company on July 1, 1986 and was converted into a public limited company on December 23, 1987. The foundations of the company are laid under the Companies Ordinance, 1984. The Company is licensed to carry out leasing business as a Non-Banking Finance Company under the Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003 (NBFC Rules) issued by the Securities and Exchange Commission of Pakistan. 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 at Karachi. The symbol “OLPL” is being used by the stock exchanges for the shares of Orix Leasing Pakistan Limited.

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Change of Secretary of Redco Textiles Limited

September 30, 2016 | General

Karachi, Redco Textiles Limited informed Pakistan Stock Exchange about appointment of Mr. Monim Ul Haq as Secretary of the company with effect from September 06, 2016. Redco Textiles Limited is a company incorporated in Pakistan. It is a public limited company which commenced operations in October, 1991. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company include manufacture and sale of yarn and greige fabric. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Islamabad. The symbol “REDCO” is being used by the stock exchange for the shares of Redco Textiles Limited.

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Financial results of Ashfaq Textile Mills Limited for period ended June 30, 2016

September 30, 2016 | General

Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on September 30, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 3,120,057 with earnings per share 0.09 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 24, 2016 to October 31, 2016 (both days inclusive). Ashfaq Textile Mills Limited is a company incorporated in Pakistan on January 14, 1988 as a private limited company. It was then subsequently converted into a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The core business activities of the company are manufacturing and sale of textiles and rendering of sizing and conversion services. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office and mills of the company is located in Faisalabad. The symbol “ASHT” is being used by the stock exchange for the shares of Ashfaq Textile Mills Limited.

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Annual general meeting of Artistic Denim Mills Limited to be held on October 22, 2016

September 30, 2016 | General

Karachi, Artistic Denim Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company will be held on October 22, 2016 at Karachi. The agenda of the meeting will be confirming the minutes of 23rd annual general meeting held on October 24, 2015, to receive and adopt the Audited Financial Statements for the year ended June 30, 2016 and to appoint the Auditors of the Company for the year 2016-17 and fix their. Further, the closed period of the company is from October 14, 2016 to October 22, 2016 (both days inclusive). Artistic Denim Mills Limited is a company incorporated in Pakistan on May 18, 1992. It is a public limited company which started its production in 1993. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is to manufacture and sell rope dyed denim fabric, yarn and value added textile products. 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 company is a complete vertical unit converting cotton to finished garments. The company is equipped with rope dyeing machines with a capacity of 140,000 meters. The symbol “ADMM” is being used by the stock exchanges for the shares of Artistic Denim Mills Limited.

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Board of directors meeting of Ravi Textile Mills Limited

September 30, 2016 | Board Meetings

Karachi, Ravi Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 06, 2016 at Lahore. The agenda of the meeting is to consider the Annual Accounts for the year ended June 30, 2016 for declaration of any entitlement. Further, the Company has declared the closed period from September 29, 2016 to October 06, 2016 (both days inclusive) Ravi Textile Mills limited is a manufacturer and exporter of yarn, fabrics and made-ups operating in Pakistan. Its registered office is located in Lahore. The products of the company include all sorts of grey, bleached, dyed and printed fabrics. The symbol “RAVT” is being used by the stock exchange for the shares of Ravi Textile Mills Limited.

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Postponed of Board of directors meeting of Fauji Fertilizer Company Limited

September 30, 2016 | Board Meetings

Karachi, Fauji Fertilizer Company Limited informed Pakistan Stock Exchange that 178th board of directors meeting of the company scheduled held on October 04, 2016 at Rawalpindi has been postponed. 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.

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