Lahore, January 23, 2017 (PPI-OT):Replacement draft for the HBL Pakistan Super League (PSL) 2017 edition was held today at the National Cricket Academy (NCA), Lahore. The draft was organized to facilitate the inclusion of replacement …

Lahore, January 23, 2017 (PPI-OT):The widow of the murdered professor of Govt. Science College Wahdat Road and her minor son called on Punjab Chief Minister Muhammad Shehbaz Sharif, expressed heartfelt condolences over the death of …

Srinagar, January 23, 2017 (PPI-OT):In occupied Kashmir, a sit-in protest against brute and egoistic approach of the puppet administration and deteriorating condition of detainees was held at Hyderpora as per scheduled programme by joint resistance &he...

Karachi, Redco Textiles Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on February 13, 2017 at Islamabad. The agenda of the meeting will be confirming the minutes of the Last meeting Further, the closed period of the company is from February 07, 2017 to February 13, 2017 (both days inclusive). Redco Textiles Limited is a company incorporated in Pakistan. It is a public limited company which commenced operations in October, 1991. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company include manufacture and sale of yarn and greige fabric. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Islamabad. The symbol “REDCO” is being used by the stock exchange for the shares of Redco Textiles Limited.

Karachi, Arif Habib Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 30, 2017 at Karachi. The agenda of the meeting will to consider the quarterly accounts for the period ended December 31, 2016. Further, the Company has declared the closed period from January 24, 2017 to January 30, 2017 Arif Habib Limited is a public listed company incorporated in Pakistan under the Companies Ordinance, 1984. It was initially incorporated as an unquoted public limited company wholly owned by Arif Habib Corporation Limited. The company is engaged in providing brokerage and corporate finance services to a large number of institutional, corporate, high net worth individuals and retail clients. The shares are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The parent company holds 69% shares of the company and offered its 25% share holding in the company to general public and obtained listing on the Karachi Stock Exchange Limited on January 31, 2007. The company is holder of Trading Right Entitlement Certificate of Karachi, Lahore and Islamabad Stock Exchanges. The principal activities of the company are Investments in a mix of listed and unlisted equity and debt securities and reverse repurchase transactions, share brokerage, interbank brokerage, initial public offer underwriting, advisory and consultancy services. The symbol “AHL” is being used by the stock exchanges for the shares of Arif Habib Limited.

Karachi, The General Tyre and Rubber Company of Pakistan Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 02, 2017 at Karachi. The agenda of the meeting will to consider the quarterly accounts for the period ended December 31, 2016. Further, the Company has declared the closed period from January 24, 2017 to February 02, 2017 The General Tyre and Rubber Company of Pakistan Limited is a public limited company incorporated in Pakistan. The company came into existence in 1963, in Karachi and commenced its production in 1964. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing of tyres and tubes for automobiles and motorcycles. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi. The company was established by General Tyre International Corporation of USA, with a total capacity of only 120,000 tyres per annum. GTIC sold 90% of their shares to the present owners M/s Bibojee Services Ltd. in 1977 and retained 10% of the ownership. In 1985, the company completed a major expansion, which took the capacity to 600,000 tyres annually. The capacity of the Company stands at 2.3 million tyres approximately with potential to meet one third of the country’s demand. The current main sponsors of the company beside Bibojee Services are Pak Kuwait Investment Company, NIT and Continental AG of Germany. The remaining shares are held by the general public. The symbol “GTYR” is being used by the stock exchanges for the shares of General Tyre and Rubber Company of Pakistan Limited.

Karachi, First Pak Modaraba informed Pakistan Stock Exchange about transaction of shares of the company. 10,000 shares @ Rs. 4.20 per share were sold in the market on January 20, 2017 through CDC. First Pak Modaraba is a multipurpose, perpetual modaraba. It is registered under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Modaraba Companies and Modaraba Rules, 1981 and is managed by Royal Management Services Private Limited, a company incorporated under the Companies Ordinance, 1984. The Modaraba is currently engaged in various modes of Islamic funding and businesses which include Ijarah Financing, deployment of fund in musharika, morabaha and investment in securities. The stocks of the modaraba are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan. The registered office of the modaraba is situated at Islamabad. The symbol “PAKMI” is being used by the stock exchange for the shares of First Pak Modaraba.