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Daily Archives: September 23, 2016

Annual general meeting of Power Cement Limited to be held on October 15, 2016

Karachi, Power Cement Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 15, 2016 at Karachi. The agenda of the meeting will be confirming the minutes of extraordinary general meeting held on November 28, 2015, consideration of the audited financial statement of the company for the year ended June 30, 2016, to appoint auditors for the year ending June 30, 2017 and fix their remuneration. Further, the closed period of the company is from October 06, 2016 to October 15, 2016 (both days inclusive). Power Cement Limited formerly Al-Abbas Cement Industries Limited was established as a private limited company on December 1, 1981. On July 9, 1987 the company was converted into a Public Limited Company. The core operation of the company includes manufacturing and selling cement. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located in Karachi. Power Cement Limited is part of the Arif Habib Group which is related to securities brokerage, investment and financial advisory, investment management, commercial banking, commodities, and private equity cement and fertilizer industry. The symbol “POWER” is being used by the stock exchanges for the shares of Power Cement Limited.

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Notice of book closure of Emco Industries Limited

Karachi, Emco Industries Limited informed Pakistan Stock Exchange that the correct date of Book Closure is October 12, 2016 to October 19, 2016 instead of October 11, 2016. EMCO Industries Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company operated as a private limited company on August 17, 1954 by the name of Electric Equipment Manufacturing Company Private Limited. Later, it was converted into a public company on August 20, 1983 and its name was changed to EMCO Industries Limited on September 12, 1983. The company is principally engaged in the manufacture and sale of high/low tension electrical porcelain insulators, switchgear and ceramic tiles. 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 “EMCO” is being used by the stock exchanges for the shares of EMCO Industries Limited.

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Transaction of 75,000 shares of JDW Sugar Mills Limited

Karachi, JDW Sugar Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 75,000 shares @ Rs. 450/- per share were sold in the market on September 22, 2016 through CDC. The Sugar Division comprises of three sugar mills Units in the districts of Rahim Yar Khan, Punjab and Ghotki, Sindh. With its combined crushing capacity of 44,500 TCD, it is one of the largest group in the sugar sector and contributes approximately 15-17% of country’s sugar production. The Company has been successful in completing and commissioning its two high-pressure Co-Generation plants at Unit-II (Sadiqabad) and Unit-III (Ghoki). The first 26.6 MW plant at Unit-II achieved commercial operations on 12 June 2014 after clearing all testing, certification and trial run requirements. The second 26.8 MW project at Unit-III achieved commercial operations on 03 October 2014 after similarly completing all pre-commissioning formalities. JDW is also managing Sugarcane Corporate Farms over the area of 24,000 Acres in the Provinces of Punjab & Sindh. By using knowledge, experience together with modern tools and machinery and distinctive agronomic strategies, JDW has been able to build highly efficient and eco-friendly farms with higher yields. Company’s unique farming techniques have also led to the capacity building of existing farmers thereby resulting in improved and reliable cane supply to JDW. The symbol “JDWS” is being used by the stock exchange for the shares of J. D. W. Sugar Mills Limited.

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Samsung Electronics Accelerates the NVMe Era for Consumers with Its Highest Performing 960 PRO and EVO Solid State Drives

Lahore, September 23, 2016 (PPI-OT): Samsung Electronics, a worldwide leader in advanced memory solutions for more than two decades, today unveiled the Samsung 960 PRO and 960 EVO, its newest solid state drives (SSDs). The V-NAND based, M.2 form factor SSDs were built on the company’s category-defining Non-Volatile Memory Express (NVMe) SSD leadership. With powerful ...

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Expanding current account deficit a threat to the economy: Pakistan Businessmen and Intellectuals Forum

Islamabad, September 23, 2016 (PPI-OT): President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday asked the authorities to take notice of the falling exports and dropping remittances which has almost doubled the current account deficit in the ...

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