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Monthly Archives: December 2016

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

Karachi, Sui Northern Gas Pipelines Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 1,399,159 with earnings per share 2.21 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Sui Northern Gas Pipeline Limited was incorporated in Pakistan as a public limited company. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are the purchase, transmission, distribution and supply of natural gas. 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. The symbol “SNGP” is being used by the stock exchanges for the shares of Sui Northern Gas Pipeline Limited.

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Special Resolution passed in extraordinary general meeting of Systems Limited

Karachi, Systems Limited informed Pakistan Stock Exchange that special resolution passed in extraordinary general meeting hel on December 28, 2016 at Lahore. The agenda of the meeting was the members of the Company be and is hereby approved the increase in running credit line of PKR 60 million to PKR 120 million to the Company’s subsidiary E-Processing the Company for meeting its working capital requirement at an annual markup rate of 7%. Systems Limited is a global leader of next-generation IT services and BPO solutions. Ever since its inception in 1977, the company has evolved and taken center stage in information and technology by providing computing strategies and solutions to Government and Private Organizations. With three decades of experience and IT evolution, they have accomplished above 500 projects completed in the US, Pakistan, Middle East and Africa. They excel at delivering business solutions to a huge list of clients from diverse industries that also includes several names from the Fortune 500. Their offshore facilities established in the US, UAE, UK, and Pakistan, comprise of over 2,500 customer-focused employees providing a great customer experience. Systems Limited serves to enrich their productivity by guaranteeing that their core business functions work faster, cheaper and better. Using ability to conceptualize, they design, innovate, and implement with the latest and advanced tech proficiencies, hence enabling clients to metamorphose their legacy models and take their business to the next level. The symbol “SYS” is being used by the stock exchanges for the shares Systems Limited.

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Change in beneficial position of Habib Sugar Mills Limited

Karachi, Habib Sugar Mills Limited informed Pakistan Stock Exchange that their Chairman Mr. Asghar D Habib has informed them his daughter Ms. Marzia Ali Asghar has gifted him 385,720 shares of the Company. Habib Sugar Mills Limited is a public limited Company incorporated in Pakistan, with its shares quoted on the Pakistan Stock Exchange. The Company is engaged in the manufacturing and marketing of refined sugar, molasses, ethanol, liquid carbon dioxide, household textiles and providing bulk storage facilities. The symbol “HABSM” is being used by the stock exchanges for the shares Habib Sugar Mills Limited.

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