LIMA, Peru, Nov. 22, 2016 /Xinhua-AsiaNet/– The 2016 APEC CEO Summit was held on 17-19 November, in Lima, Peru. As the representative of Chinese enterprises, Jumore E-commerce Co., Ltd., with the world’s latest e-commerce model of E4B (Ecosystem for Business), was invited to attend the summit and delivered a significant speech. During the summit, Jumore […]

Karachi, First Imrooz Modaraba informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend declared @ Rs. 12/- per certificate for the year ended June 30, 2016 have been dispatched by registered post or through courier service on November 21, 2016. First Imrooz Modaraba (FIM) has been operational since 1994 and is listed on the Pakistan Stock Exchange. The Modaraba primarily trades in industrial raw materials catering to numerous industries like paint, coatings, pharmaceuticals, food, agriculture, personal care, household, textile etc. The common perception of a Modaraba is that it is a financial institution however FIM does not offer any financial services. First Imrooz Modaraba (FIM) is managed by AR Management Services (Pvt) Limited, having its head office in Karachi with a branch office in Lahore. The symbol “FIMM” is being used by the stock exchange for the shares of First Imrooz Modaraba.

Karachi, Next Capital Limited informed Pakistan Stock Exchange about transaction of shares of the company. 81,500 shares @ Rs. 15.81 per share were bought from the market on November 16, 2016 through CDC. Next Capital Limited is a company incorporated in Pakistan as a public limited company on December 14, 2009. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a member of the Karachi Stock Exchange Limited and a member of Pakistan Mercantile Exchange Limited. The company is principally engaged in the brokerage of shares, stocks, securities, commodities and other financial instruments and consultancy services. The company is engaged in trading in equity and debt securities on its own account through ready, spot and forward counters of the exchange. The shares of the company are quoted on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “NEXT” is being used by the stock exchange for the shares of Next Capital Limited.

Karachi, Pakistan Cables Limited informed Pakistan Stock Exchange that the final dividend warrants in respect of 45% i.e. 4.50 per share for the year ended June 30, 2016 have been dispatched by registered post or through courier service on November 14, 2016. Pakistan Cables Limited was incorporated in Pakistan as a private limited company on April 22, 1953. In 1955 it was converted into a public limited company. The foundations of the company are based on the Companies Ordinance, 1984. The products of the company include cables and wires, aluminum sections/ profiles, copper rod and PVC compound. In 1955 the stocks of the company were quoted on the Karachi Stock Exchange. The registered office of the company is located in Karachi. Pakistan Cables is part of the Chinoy Group of Companies, which includes International Industries and International Steels Limited, as well as other interests in diverse businesses. The company is ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certified and is the only cable manufacturer in Pakistan to have its cables type tested by the KEMA Laboratory in Netherlands. Pakistan Cables is an affiliate of General Cable, which has a global presence with 57 plants in 26 countries including the US, Canada, France, Germany, Spain, Brazil, China, Thailand, South Africa, and the Philippines. The affiliation with General Cable gives Pakistan Cables several advantages over its competitors, including the ability to source almost any type of cable for customers, access to cutting edge technology, technical support & management best practices, procurement advantages and export opportunities. The symbol “PCAL” is being used by the stock exchanges for the shares of Pakistan Cables Limited.

Karachi, Pakistan Cables Limited informed Pakistan Stock Exchange about appointment of Mr. Shoaib Mir as Director of the company in place of Ms. Nargis Ghaloo. Pakistan Cables Limited was incorporated in Pakistan as a private limited company on April 22, 1953. In 1955 it was converted into a public limited company. The foundations of the company are based on the Companies Ordinance, 1984. The products of the company include cables and wires, aluminum sections/ profiles, copper rod and PVC compound. In 1955 the stocks of the company were quoted on the Karachi Stock Exchange. The registered office of the company is located in Karachi. Pakistan Cables is part of the Chinoy Group of Companies, which includes International Industries and International Steels Limited, as well as other interests in diverse businesses. The company is ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certified and is the only cable manufacturer in Pakistan to have its cables type tested by the KEMA Laboratory in Netherlands. Pakistan Cables is an affiliate of General Cable, which has a global presence with 57 plants in 26 countries including the US, Canada, France, Germany, Spain, Brazil, China, Thailand, South Africa, and the Philippines. The affiliation with General Cable gives Pakistan Cables several advantages over its competitors, including the ability to source almost any type of cable for customers, access to cutting edge technology, technical support & management best practices, procurement advantages and export opportunities. The symbol “PCAL” is being used by the stock exchanges for the shares of Pakistan Cables Limited.

Karachi, Pakistan State Oil Company Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs. 7.5 per share, i.e. 75% for the year ended June 30, 2016 have been dispatched by registered post or through courier service on November 18, 2016. 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.

Karachi, Ismail Industries Limited informed Pakistan Stock Exchange that subsequent to the election of directors held in the 28th annual general meeting of the Company on November 16, 2016 the board of directors in their meeting held on November 18, 2016 at Karachi, have approved the composition of the new board and its committees. Ismail Industries Limited is a company incorporated in Pakistan as a Private Limited Company on June 21, 1988. On November 01, 1989 the company was converted to a Public Limited Company. The principal activities of the company are manufacturing and trading of sugar confectionery items, biscuits, potato chips and cast polypropylene film under the brands of Candyland, Bisconni, Snackcity and Astropack. The company is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office is situated at Karachi. The symbol “ISIL” is being used by the stock exchange for the shares of Ismail Industries Limited.