Karachi, Bilal Fibres Limited informed Pakistan Stock Exchange that minutes of extraordinary general meeting of the shareholders be held on January 13, 2017 at Lahore. Bilal Fibres Limited is a company incorporated in Pakistan on April 13, 1987. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business of the company is manufacturing and sale of yarn. The manufacturing unit of the company is located in Faisalabad. It is listed on Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office is situated at Lahore. The symbol “BILF” is being used by the stock exchange for the shares of Bilal Fibres Limited.

Karachi, Pakistan Petroleum Limited informed Pakistan Stock Exchange that board of directors of the company at its reconvened meeting held on January 18, 2017, recommended payment of final cash dividend for the financial year ended June 30, 2016 @ Rs. 3.50 per share i.e. 35% on fully paid ordinary shares and Rs. 0.75 per share 7.5% on fully paid convertible preferences shares. If approved at the annual general meeting to be held on February 28, 2017 the final dividend will be paid to members whose names appear in the register of members as at the close of business on February 14, 2017. Further, the share transfer books of the Company will remain closed from February 15, 2017 to February 28, 2017 (both days inclusive) Pakistan Petroleum Limited was incorporated in Pakistan in 1950. The objectives of company include conducting exploration, prospecting, development and production of oil and natural gas resources. The subsidiaries of the company are PPL Europe E&P Limited formerly MND Exploration and Production Limited, PPL Asia DMCC and the Pakistan Petroleum Provident Fund Trust Company Private Limited. The jointly controlled entity is Bolan Mining Enterprises with 50% shareholding. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The operations of the company include production of natural gas, crude oil, liquid natural gas and liquefied petroleum gas. The company was incorporated in Pakistan as a public limited company in June 1950. The major shareholdings belonged to Burmah Oil Company of the UK. In September 1997, BOC disinvested from the exploration and production sector worldwide and sold its equity in PPL to the Government of Pakistan. The shareholding of the company is currently divided between the government which owns 71% of the shares, private owners with 22% shares and PPL employee Empowerment Trust which amounts to 7% shares. PPL operates six producing fields across the country at Sui, Adhi, Kandhkot, Chachar, Mazarani and Hala and holds working interest in fifteen partner-operated producing fields, including Qadirpur. PPL has a portfolio of 47 exploration assets from which the company operates 27, including one contract in Iraq, while 20 blocks, comprising three offshore leases in Pakistan and two onshore concessions in Yemen, are operated by joint venture partners. The PPL fields/ departments are ISO 9001, 14001 and OHSAS 18001 certified. The symbol “PPL” is being used by the stock exchange for the shares of Pakistan Petroleum Limited.

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Karachi, January 18, 2017 (PPI-OT):Provincial Ombudsman Sindh, Mr. Asad Ashraf Malik directed Karachi Metropolitan Corporation for release of pension to Raj Wali and three other employees who filed a complaint […]

Karachi, January 18, 2017 (PPI-OT):Provincial minister for education and literacy Jam Mehtab Hussain Dahar has said that Sindh Education Department is committed to enhance enrolment of the students especially of […]

Karachi, January 18, 2017 (PPI-OT):Advisor to Chief Minister Sindh on Information Moula Bux Chandio has said that the KPK Government has failed to deliver in the province. The situation of […]

Karachi, January 18, 2017 (PPI-OT):Special Assistant to Chief Minister Sindh for Special education Zulfiqar Behan said that Sindh government was making all efforts to impart quality education and training to […]