General

Karachi, Haydari Construction Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 20, 2016. The agenda of the meeting was discussion of profit and loss account for nine months period ended September 30, 2016 which portrayed a loss of Rs. 117,210 with loss per share 0.0183 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Haydari Construction Company Limited is engaged in the construction of buildings and warehouses in Pakistan. It was incorporated in August of 1946 and its shares are floated in the Pakistan Stock Exchange under the ticker symbol of HADC. It transacts business from its registered head office located in Karachi, Pakistan. The company provides new construction, reconstruction, rehabilitation, and repairs of various projects such as land subdivisions, and commercial, industrial, and residential areas. The company predominantly operates within the domestic market. The symbol “HADC” is being used by the stock exchanges for the shares of Haydari Construction Company Limited.

Karachi, BankIslami Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held on October 19, 2016. The agenda of the meeting was discussion of unconsolidated profit and loss account for nine months period September 30, 2016 which portrayed a profit of Rs. 594,897 with earnings per share 0.590 basic and diluted and consolidated profit and loss account for nine months period September 30, 2016 which portrayed a profit of Rs. 651,326 with earnings per share 0.646 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. The State Bank of Pakistan declared Bank Islami Pakistan Limited as a Scheduled Bank with effect from March 17, 2006. BankIslami started its Banking operations on April 7, 2006 in Karachi. The idea of Bank Islami was conceptualized by Jahangir Siddiqui & Company Limited and Randeree family in late 2003. Mr. Hasan A. Bilgrami was appointed as Adviser to the sponsors on March 16, 2004 for formalizing the idea. He presented the concept paper of Bank Islami to sponsors on March 24, 2004. A detailed business plan was then prepared and a formal application was submitted to the State Bank of Pakistan on May 26, 2004. On September 26, 2005, Dubai Bank joined the Sponsors and became one of the founding shareholders of Bank Islami by investing 18.75% in the total Capital. By the end of 2013, the bank possessed 201 branches in 77 cities nationwide. Under the Islamic banking policy of 2003 the bank acquired its Islamic banking license in 2005. The registered office of the company is located in Karachi. The core business area of the bank includes wealth management including shariah compliant and retail banking products, proprietary products and third party products. Financial planning service is also an important part of the process. The symbol “BIPL” is being used by the stock exchange for the shares of Bank Islami Pakistan Limited.

Karachi, Attock Cement Pakistan Limited informed Pakistan Stock Exchange about appointment of Mr. Sajid Nawaz as Alternate Director of the company in place of Mr. Fakhrul Islam Baig with effect from October 19, 2016. Attock Cement Pakistan Limited is a company incorporated in Pakistan on October 14, 1981 as a public limited company. The foundations of the company are formed using the Companies Ordinance, 1984. The company is a subsidiary of Pharaon Investment Group Limited Holding S.A.L., Lebanon. The main business activity is manufacturing and sale of cement. The cement manufacturing plant of the company is located in Balochistan. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The company has attained ISO 9001:2000 and ISO 14000 certifications from Lloyds Register Quality Assurance in 2002 and 2006. The products of the company include ordinary Portland cement, Falcon Cement, Sulphate Resistant Cement, Block Cement and Portland Blast Furnace Stag Cement. The symbol “ACPL” is being used by the stock exchanges for the shares of Attock Cement Pakistan Limited.

Lahore, October 20, 2016 (PPI-OT): The Small and Medium Enterprises Development Authority (SMEDA) has entered into partnership with Subcontracting Partners Exchange (SPX) project of the United Nations Industrial Development Organization […]

On Friday, October 21, 2016 at 9:00 a.m. the Bureau of Oceans and International Environmental and Scientific Affairs (OES) and the Secure World Foundation will convene a panel discussion at the U.S. Department of State on International Best Practices f...

Karachi, Ashfaq Textile Mills Limited informed Pakistan Stock Exchange that 28th annual general meeting of the company is scheduled to be held on October 31, 2016 at Faisalabad. The agenda of the meeting will be confirming the minutes of last meeting and to receive, consider and adopt audited financial statements of the company for the year ended June 30, 2016. Further, the closed period of the company is from October 24, 2016 to October 31, 2016 (both days inclusive). Ashfaq Textile Mills Limited is a company incorporated in Pakistan on January 14, 1988 as a private limited company. It was then subsequently converted into a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The core business activities of the company are manufacturing and sale of textiles and rendering of sizing and conversion services. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office and mills of the company is located in Faisalabad. The symbol “ASHT” is being used by the stock exchange for the shares of Ashfaq Textile Mills Limited.

Karachi, National Refinery Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on October 19, 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. 1,905,331. Further, nil payment of cash dividend, bonus shares and right shares was agreed. National Refinery Limited is a company incorporated in Pakistan on August 19, 1963 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing, production and sale of large range of petroleum products. The refinery complex of the company comprises of three refineries consisting of two lube refineries, commissioned in 1966 and 1985, and a fuel refinery added to the complex in 1977. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges in Pakistan. The registered office of the company is located at Karachi. The symbol “NRL” is being used by the stock exchanges for the shares of National Refinery Limited.