Karachi, Chakwal Spinning Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 173,500 shares @ Rs. 6.00 per share, 6,500 shares @ Rs. 6.01 per share were sold in the market on December 09, 2016 and 500 shares were transfer on December 01, 2016. Chakwal group has around 160,000 spindles, which are operationally organized into 6 spinning units; the entire machinery is from world-renowned manufactures. Chakwal Spinning consists of 34,552 Spindles. The flag ship company of Chakwal Group is Kohinoor Spinning comprising of 80,000 spindles, distributed into three separate units which are tailor made to make specialized yarns. The unit has its own in house doubling and is capable of producing 75 tons of cotton and blended yarn per day. The symbol “CWSM” is being used by the stock exchanges for the shares of Chakwal Spinning Mills Limited.

December 13, 2016 in Board Meetings Short URL

Karachi, Associated Services Limited informed Pakistan Stock Exchange that board of directors meeting of the company held on December 13, 2016. Further, the Company has declared the closed period from December 28, 2016 to January 05, 2017 (both days inclusive) Associated Services Limited, formerly Latif Jute Mills Limited, is a Pakistan-based management services company. The Company offers an array of services ranging from feasibility and conceptual design, through to detailed design, planning submission, tendering, and contract advice, appointment of contractor, site inspection and completion. It specializes in providing advice on conservation, repair and restoration of historic buildings. It offers historical research and analysis of both individual and groups of buildings. Its services include project management, construction, cost management, engineering, architecture, Web design, brand design, consultancy, computer services, ground surveys, maintenance, marketing, employment services, catering staffing and promotional work. The Company offers professional management services to a range of businesses and organizations, including owner-occupiers, public sector, commercial developers, funds, contractors and residential developers. The symbol “ASRL” is being used by the stock exchange for the Associated Services Limited.

December 13, 2016 in Board Meetings Short URL

Karachi, D.M. Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 20, 2016 at Rawalpindi. The agenda of the meeting to fix the number of directors to be elected in the forthcoming extraordinary general meeting of the members of the Company for a period of three years commencing from January 02, 2017. D.M. Textile Mills Limited is a company incorporated in Pakistan on May 28, 1958 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984 previously known as Companies Act, 1913. The core business activities of the company are manufacture of textile products in Pakistan. These include cotton and blended yarn, cotton and poly cotton fabrics in grey, bleached, dyed and printed bed sheets, pillow covers, cotton shopping bags etc. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchange of Pakistan. The mill of the company and its registered office is located in Rawalpindi. The symbol “DMTX” is being used by the stock exchange for the shares of D.M. Textile Mills Limited.

Islamabad, December 13, 2016 (PPI-OT): UBL Fund Managers Limited (UBL Funds), one of Pakistan’s leading asset management companies, has been recognized for its ImPro Application under the category of the Financial Industry Application by APICTA – Asia Pacific ICT Alliance. UBL Funds beat the financial applications of Singapore, Hong Kong, China, Malaysia, Vietnam and Chinese Taipei to grab the silver award at Asia-Pacific ICT Awards 2016 –dubbed as the ‘Oscars of the ICT arena’ held in Taipei, Taiwan.

In its esteemed global awards for 2016, Asia Pacific ICT Alliance recognized organizations from17 countries in 17 different categories. More than 60 judges finalized the winners out of 238 teams fitting the criteria of technology, innovation, capability and adoption. The President of Republic of China (Taiwan) also graced the event with his presence.

Elated on this achievement, Rehan Qadri, founder of the application and Chief Technology Officer of UBL Funds, stated “ImPro enables the organization to reduce the five days processing time to two days which improves the operational efficiency and significantly cuts down transaction costs. UBL Funds has always emphasized on innovation with world class services. Being the pioneer of such application in the asset management industry not just gives us the confidence to provide more for our customers but position us as a market leader in modernization”. He further added “We are pleased to be recognized by APICTA and with this recognition we ensure to offer more unique services for the convenience of our investors. UBL funds believe in providing best investment opportunities to the masses with least complex procedures”

Pakistan won 3 Gold Awards and 6 Silver Awards at the ceremony held in Taipei, Taiwan. Mr. Rehan Qadri Chief Technology Officer UBL Funds attended the ceremony and received a silver award on behalf of his organization.

UBL Fund Managers has bagged a number of recognitions and awards, not just locally, but globally as well, for its outstanding fund performance, customer service, and innovation in Pakistan’s asset management industry. It is the only AMC in Pakistan to be recognized by International Data Group’s CIO Magazine as one of the CIO 100 2016 Award winners (cio.com), who are considered the top 100 companies in the world for leading-edge IT practices and measurable results. It is also a winner of the P@SHA ICT Awards 2015 (http://pashaictawards.com/)for ‘Best in Service Innovation’. UBL Funds has also been awarded The Most Customer-Centric Asset Manager in Pakistan by The European in its prestigious Global Banking and Finance Awards 2016 (http://www.the-european.eu).

For more information, contact:
Head of Marketing and Alternative Distribution Channels
UBL Fund Managers Limited
4th Floor, STSM Building,
Beaumont Road,
Karachi
Tell: +92-21-111-825-262 Ext. 161
Fax: +92-21-35622793
Cell: +92-300-8251222
Email: rlatif@ublfunds.com

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