Karachi, The Bank of Punjab informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 19, 2016 at Lahore. The agenda of the meeting will be confirming the minutes of 25th annual general meeting held on May 30, 2016. Further, the closed period of the company is from December 12, 2016 to December 18, 2016 (both days inclusive). The Bank of Punjab constituted pursuant to The Bank of Punjab Act, 1989. It acquired the status of a scheduled bank on September 19, 1994 awarded by the State Bank of Pakistan. The registered office of the bank is located in Lahore along with a growing number of 306 branches. Majority shares of the bank are held by the Government of Punjab. The bank is listed on Karachi, Lahore and Islamabad stock exchanges. ` The bank has also acquired the permission for commencement of Islamic Banking Operations by the State Bank of Pakistan. The products of the bank include Islamic banking, retail banking, retail finance, payment services, corporate banking and commercial banking. The symbol “BOP” is being used by the stock exchanges for the shares of The Bank of Punjab.

Karachi, Feroze 1888 Mills Limited informed Pakistan Stock Exchange about appointment of Mr. Mohammad Imran Younus Tola as Chief Financial Officer with effect from November 22, 2016. Feroze 1888 is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in production and export of towels. The company manufactures and exports specialized yarn and textile terry products in Pakistan. The company maintains ISO 9001:2008 certified quality standards. The company is partnered with 1888 Mills (USA) through which the company is recognized as a global manufacturer of quality textile products for home, hospitality and healthcare. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The symbol “FML” is being used by the stock exchanges for the shares of Feroze 1888 Mills Limited.

Karachi, Meezan Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 14,000 shares @ Rs. 59.02 per share, 1,000 shares @ Rs. 61.99 and 5,000 shares @ Rs. 60.99 per share were sold in the market on November 24, 2016 through stock broker. Meezan Bank Limited was incorporated in Pakistan on January 27, 1997, as a public limited company under the Companies Ordinance, 1984. The bank carried on the business of investment banking from July 13, 1987 and was registered as an ‘Investment Finance Company’ on August 8, 1997 in accordance and in conformity with the principles of Islamic Shariah. Certificate of Commencement of Business was issued to the Bank on September 29, 1997. The bank commenced operations as a Scheduled Islamic Commercial Bank from March 20, 2002. The stocks of the bank are quoted on the Karachi Stock Exchange of Pakistan. Its registered office is located at Karachi. The bank is engaged in corporate, commercial, consumer, investment and retail banking activities. The bank was operating through three hundred and ten branches as at December 31, 2012. The symbol “MEBL” is being used by the stock exchanges for the shares of Meezan Bank Limited.

Lahore, November 25, 2016 (PPI-OT): National Transmission and Despatch Company Ltd (NTDC) has completed the construction work of two 500 kV transmission lines under its China Pakistan Economic Corridor (CPEC) […]

Lahore, November 25, 2016 (PPI-OT): The business community of Pakistan, especially the traders and industrialists related with Port, Shipping and Logistics sectors, should start quick planning to reap maximum benefits […]

Karachi, November 25, 2016 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) welcomed and appreciated the State Bank of Pakistan (SBP) for organizing to hold the Expo/Seminar for promotion […]

Karachi, November 25, 2016 (PPI-OT): Provincial Minister for Excise and Taxation and Narcotics Control Mukesh Kumar, while taking notice of the news regarding sale of illicit liquor in Karachi, has […]