DALLAS, Nov. 21, 2016 (GLOBE NEWSWIRE) — Today, YPO, the premier leadership organization of chief executives in the world, announced the election of J. Randall “Randy” Waterfield to YPO’s highest elected office, the 2017-2018 chairman of the YPO Board of Directors. Waterfield, the 66th member to hold this office, will succeed current YPO Chairman McKeel […]

Karachi, 21 November 2016: Pakistan Press Foundation and through UNESCO’s International Programme for the Development of Communication (IPDC) is completing the last round of trainings in Pakistan on promoting safety of journalists. 116 journalists and media professionals benefited from the last round of trainings held in Balochistan, Khyber Pakhtunkhwa, Punjab and Sindh provinces. The three-day […]

Industry utility continues its momentum, as customers report a 45 percent reduction in the time it takes to complete the KYC process HONG KONG, Nov. 21, 2016 /PRNewswire/ — More than 3,000 financial institutions have signed up to use The Know Your Customer (KYC) Registry, SWIFT’s centralised repository that maintains a standardised set of information […]

Karachi, Prosperity Weaving Mills Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs. 1.75 per share, i.e. 17.50% for the year ended June 30, 2016 have been dispatched by registered post or through courier service on November 18, 2016. Prosperity Weaving Mills Limited is a company incorporated in Pakistan on November 20, 1991. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacturing and sale of woven cloth. The Mill is located at District Sheikhupura in the Province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The symbol “PRWM” is being used by the stock exchange for the shares of Prosperity Weaving Mills Limited.

Karachi, Kot Addu Power Company Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs. 4.75 per share, i.e. 47.50% for the year ended June 30, 2016 have been dispatched by registered post or through courier service on November 19, 2016. Kot Addu Power Plant was built by the Pakistan Water and Power Development Authority in five phases between 1985 and 1996. It is located in Kot Addu, district Muzaffargarh, Punjab. In April 1996, Kot Addu Power Company Limited was incorporated as a public limited company under the Companies Ordinance, 1984 with the objective of acquiring the Power Plant from WAPDA. The principal activities of KAPCO include the ownership, operation and maintenance of the power plant. Successful completion of the offer for sale by the privatization commission on behalf of WAPDA in February 2005, 18% of KAPCO’s shareholding is now held by the general public. KAPCO is listed on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. KAPCO is an independent power producer with a capacity of 1600 MW. It comprises of ten multi fuel fired gas turbines and five steam turbines which are divided into three energy blocks with each block having a combination of gas and steam turbines. The power plant operates using combined cycle technology which enables it to use the waste heat from the gas turbine exhaust to produce steam in the heat recovery steam generator. It is a multi fuel gas turbine power plant with the capability of using natural gas, low sulphur furnace oil and high speed diesel to generate electricity. The symbol “KAPCO” is being used by the stock exchange for the shares of Kot Addu Power Company Limited.

Karachi, Nagina Cotton Mills Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs. 1 per share, i.e. 10% for the year ended June 30, 2016 have been dispatched by registered post or through courier service on November 18, 2016. Nagina Cotton Mills Limited is a company incorporated in Pakistan on May 16, 1967. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activity of the company is to manufacture and sale of cotton and blended yarn. The manufacturing facilities are located in Kotri Industrial Trading Estate in the Province of Sindh. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “NAGC” is being used by the stock exchange for the shares of Nagina Cotton Mills Limited.

Karachi, Engro Fertilizers Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5000 shares @ Rs. 62.95 per share were bought from the market on November 17, 2016 through CDC. Engro Fertilizers Limited is a wholly owned subsidiary of Engro Corporation which incorporated in June 29, 2009 under the Companies ordinance, 1984 in Pakistan. Nitrogenous urea, phosphate & blended fertilizers, and micronutrients are imported, manufactured and sold by the company. Other activities include training and educating the farmers for generating a better yield. The registered office of the company is located in Karachi and the manufacturing facility is located in Daharki. The shares of the company are quoted on Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The product line of the company includes Nitrogenous urea, phosphate & blended fertilizers, and micronutrients. The products of the company include Engro Urea, Engro DAP, Engro Zorawar, Engro Zarkhez and Zingro. The symbol “EFERT” is being used by the stock exchange for the shares of Engro Fertilizers Limited.