Islamabad, December 23, 2016 (PPI-OT):The Finance Minister, Senator Mohammad Ishaq Dar, chaired a meeting here today to review matters related to the upcoming Pakistan-China Joint Cooperation Committee (JCC) meetings and CPEC. Secretary Planning, Development and Reforms briefed the Finance Minister on the implementation status of various projects under CPEC. Secretary Economic Affairs Division briefed the Minister on development assistance for ongoing and upcoming CPEC projects.

The Finance Minister appreciated the ongoing efforts of Planning Division, EAD, FBR and all other stakeholders to make CPEC a success. He said that CPEC will provide a major impetus to Pakistan’s economy and will enable higher, inclusive and sustainable economic growth. He urged all stakeholders to ensure timely and successful completion of various CPEC projects. He emphasized that all government ministries and departments who are involved in the implementation of CPEC should ensure effective coordination amongst each other. The meeting was attended by senior officials of the Ministry of Finance.

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Karachi, December 23, 2016 (PPI-OT):The Government of Sindh has announced the Saturday 24th December 2016 as Local Holiday on the (Yom-e-Shuda Kamber) due to agitation for establishing district Headquarter Kamber […]

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Karachi, East West Insurance Company Limited informed Pakistan Stock Exchange that Bonus shares in respect of interim bonus share in the proportion of 1.25 shares for every 10 shares held i.e. 12.5% for the year ended December 2016 have been dispatched by registered post or through courier service on December 23, 2016. East West Insurance Company Limited is a public limited company incorporated in Pakistan in the year 1983. The foundations of the company have been laid under the Companies Ordinance, 1984. The sister concern of the company is East West Insurance Company Limited. The company is engaged in the general insurance business and operates through 52 branches in Pakistan. Besides traditional Insurance business like Fire, Marine & Motor, the company underwrites specialized portfolios for which it has created specialized divisions within the company namely, Engineering, Crops and Livestock divisions. The company business is diversified and provides coverage to a wide range of agricultural and commercial business activities. The stock of the company is quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located Quetta. The core operation of the company is conducted through the office located in Karachi. The symbol “EWIC” is being used by the stock exchanges for the shares of East West Insurance Company Limited.

Karachi, Sui Southern Gas Company Limited informed Pakistan Stock Exchange that they have received the certified copy of the decision of Oil and Gas Regulatory Authority regarding Company’s petition for determination of final revenue requirement FRR for the financial year 2015-16 on December 23, 2016. Sui Southern Gas Company is an integrated gas company operating in Pakistan. The company is engaged in the business of transmission and distribution of natural gas besides construction of high pressure transmission and low pressure distribution systems. The company’s transmission system extends from Sui in Balochistan to Karachi in Sindh comprising over 3,220 KM of high pressure pipeline ranging from 12 – 24″ in diameter. The distribution activities covering over 1200 towns in Sindh and Balochistan are organized through the regional offices of the company. The company also owns and operates gas meter manufacturing plant in the country which has an annual production capacity of over 750,000 meters. The Government owns the majority of the shares which is presently over 70%. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The symbol “SSGC” is being used by the stock exchanges for the shares of Sui Southern Gas Company.