Karachi, Engro Polymer and Chemical Limited informed Pakistan Stock Exchange that board of the company has approved the reliability enhancement and debottlenecking of its plants to increase its annual PVC production capacity to 195,000 tons. Further, the project is expected to be completed by December 2017 with an estimated capex of US $ 9 million which will be funded through internal cash generation. The company was set up in 1997 by the name of Engro Asahi Polymer and Chemical Ltd. It was a joint venture between Engro Chemical, Asahi Glass Company and Mitsubishi Corporation to set up a 100,000 ton capacity PVC plant at Port Qasim. The plant came into commercial operation in 1999. In 2006, Asahi Glass divested from the business and Engro Chemical acquired its shareholding. The name of the company was changed to Engro Polymer & Chemicals Limited. The registered office of the company is located in Karachi. Other than producing caustic soda, sodium hypochlorite, EDC and VCM, Engro Polymer & Chemicals Limited is also the manufacturer of PVC resin in Pakistan. The symbol “EPCL” is being used by the stock exchange for the shares of Engro Polymer and Chemicals Limited.

Karachi, IGI Insurance Limited informed Pakistan Stock Exchange about transaction of shares of the company. 27,800 shares @ Rs. 269.6034 per share were bought from the market on December 21, 2016 and 5,900 shares @ Rs. 270.0000 per share were bought from the market on December 22, 2016. IGI Insurance Limited a Packages Group Company, was incorporated in Pakistan as a public limited company in 1953 under Companies Ordinance, 1984. The insurance company is engaged in providing general insurance services in spheres of Fire, Marine, Motor, Health and Miscellaneous. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is located in Karachi. The company is currently engaged in the process of acquisition of American Life Insurance Company for the acquisition of ownership interest of 40,986,690 ordinary shares representing approximately 81.97% of the total issued, subscribed and paid up capital shares of the company. The associated companies of the group includes packages limited, nestle Pakistan Limited, Sanofi-Aventis, Tri-Pack Films Limited, Treet Corporation Limited, Siemens Pakistan Engineering Company Limited, Coca-Cola Beverages Pakistan Limited, Mitchell’s Fruit Farms Limited, Zulfeqar Industries Limited, Loads Limited, IGI Investment Bank Limited and IGI Securities Limited. The symbol “IGIIL” is being used by the stock exchanges for the shares of IGI Insurance Limited.

Karachi, Hub Power Company Limited informed Pakistan Stock Exchange that the Company has today filed the scheme of arrangement in the High Court of Sindh for the demerger of its Narowal Plant into its wholly owned subsidiary Narowal Energy Limited. The hearing could not take place today and would be taken up by the Court at its discretion. HUBCO was incorporated in Pakistan in 1991as a limited liability company. The company owns oil-fired power station with installed net capacity of 1,200 MW in Baluchistan and 214 MW Punjab. The Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Global depository receipts are also listed on the Luxemburg Stock Exchange. The production capacity of the power stations varies. The business partners of HUBCO are Water and Power Development Authority, Pakistan State Oil, National Transmission and Despatch Company Limited, BAKRI Trading Company Pakistan, Government of Pakistan, Government of Baluchistan and International Power. The symbol “HUBC” is being used by the stock exchanges for the shares of the Hub Power Company Private Limited.

Karachi, Netsol Technologies Limited informed Pakistan Stock Exchange about transaction of shares of the company. 106,500 shares @ Rs. 56.56 per share were sold in the market on December 22, 2016 and 91,000 shares @ Rs. 55.00 per share were sold in the...

Karachi, Sitara Chemical Industries Limited informed Pakistan Stock Exchange about appointment of Mr. Ahmad Nawaz as Director with effect from December 23, 2016 in place of Mr. Muhammad Yousaf Adil. Sitara Chemical Industries Limited is a company incorporated in Pakistan on September 8, 1981. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the Company are operation of Chlor Alkali plant and yarn spinning unit. The Company is currently organized into two operating divisions and these divisions are the basis on which the Company reports its primary segment information. Principal business activities are Chemical Division Manufacturing of caustic soda and allied products and Textile Division Manufacturing of yarn and fabric. The manufacturing facilities are located at Faisalabad in the province of Punjab. The shares of the company are quoted on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “SITC” is being used by the stock exchange for the shares of Sitara Chemical Industries Limited.

Karachi, ICI Pakistan Limited informed Pakistan Stock Exchange that the disclosure made on October 25, 2016 in relation to the acquisition of 100% shares of Cirin Pharmaceuticals Private Limited, the transaction has been successfully completed and the Company has taken over control and ownership of the Company as a wholly owned subsidiary. ICI Pakistan Limited is a company incorporated in Pakistan. It is engaged in the manufacture of polyester staple fibre, POY chips, soda ash, specialty chemicals, sodium bicarbonate and polyurethanes. It also markets seeds, toll manufactured and imported pharmaceuticals and animal health products and is a merchant of general chemicals. Besides this the company also acts as an indenting agent and toll manufacturer. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The subsidiary of the company is ICI Pakistan Power Gen Limited incorporated in Pakistan as an unlisted public company. It is a wholly owned subsidiary company of ICI Pakistan Limited which is engaged in generating, selling and supplying electricity to the Company. The symbol “ICI” is being used by the stock exchange for the shares of ICI Pakistan Limited.

Karachi, Fatima Fertilizer Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 10,000 shares @ Rs. 33.12 per share were sold in the market on June 29, 2016, 1,000 shares @ Rs. 33.49 per share were bought from the market on November 24, 2016 and 1,000 shares @ Rs. 35.10 per share were sold in the market on December 01, 2016. Fatima Fertilizers Company Limited was incorporated in Pakistan on December 24, 2003. The company operates as a joint venture between two major groups in Pakistan namely Fatima Group and Arif Habib Group. The company produces fertilizers and industrial solutions to its customers. 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 Lahore and production plant is located at Rahim Yar Khan. The fertilizer production complex produces Ammonia and Nitric Acid which are intermediate products and Urea, Calcium Ammonium Nitrate, Nitro Phosphate and nitrogen Phosphorous Potassium which are final products. Foundation of the complex was laid on April 26, 2006 and the construction process commenced in 2007. The production capacity of the complex is 500,000 metric tons of Urea per annum, 420,000 metric tons of Calcium Ammonium Nitrate per annum, 360,000 metric tons of Nitro Phosphate per annum, 420,000 metric tons of NPK per annum. The symbol “FATIMA” is being used by the stock exchange for the shares of Fatima Fertilizers Company Limited.