General

Addressing Senior Civil and Military Officers participating in the National Security and War Course 2017 at the National Defense University here at the FBR headquarters today, the Finance Minister, Senator Mohammad Ishaq Dar said that Growth is the nam...

Karachi, The Bank of Punjab informed Pakistan Stock Exchange that the information being circulated through social media vide a fake letter regarding sale of 50,00,000 shares of the Bank by Mr. Shahid Waqar Mehmood, an executive of the Bank on November 04, 2016 is totally incorrect and baseless. The Bank of Punjab constituted pursuant to The Bank of Punjab Act, 1989. It acquired the status of a scheduled bank on September 19, 1994 awarded by the State Bank of Pakistan. The registered office of the bank is located in Lahore along with a growing number of 306 branches. Majority shares of the bank are held by the Government of Punjab. The bank is listed on Karachi, Lahore and Islamabad stock exchanges. The bank has also acquired the permission for commencement of Islamic Banking Operations by the State Bank of Pakistan. The products of the bank include Islamic banking, retail banking, retail finance, payment services, corporate banking and commercial banking. The symbol “BOP” is being used by the stock exchanges for the shares of The Bank of Punjab.

Karachi, Adamjee Insurance Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000,000 shares @ Rs. 58.00 per share were sold in the market on November 04, 2016 and 1,322,500 shares @ Rs. 58.43 per share were sold in the market on November 04, 2016 through CDC. Adamjee Insurance Company Limited was incorporated in Pakistan on September 28, 1960. It is a public limited company listed on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The company is also listed with Central Depositary Company of Pakistan. The company is involved in the business of general insurance. The classification of its products includes fire and property, health, marine, motor and miscellaneous kinds of insurance. The registered office of the company is located in Karachi through which networks of branches are operated across Pakistan. Two branches of the company are also located in UAE. AICL with Hollard Insurance based in South Africa launched Life assurance operations through a separate entity name, Adamjee Life Assurance Company Limited. The symbol “AICL” is being used by the stock exchanges for the shares of Adamjee Insurance Company Limited.

Karachi, Bank Al-Habib Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 27, 2016 at Multan. The agenda of the meeting will to consider and if thought fit pass the following resolutions as special resolutions with or without modification. Further, the closed period of the company is from December 17, 2016 to December 27, 2016 (both days inclusive). Bank Al-Habib Limited is a banking company incorporated in Pakistan on October 15, 1991 as a public limited company under the Companies Ordinance, 1984. It is a scheduled bank principally engaged in the business of commercial banking. The registered office of the company is located in Multan and the principle place of business is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The bank has a network of 320 branches, 96 sub-branches and 3 representative offices. The branch network of the bank includes a wholesale branch in the Kingdom of Bahrain, a branch in Karachi Export Processing Zone and 17 Islamic Banking Branches. The bank has also invested in 66.67% shares of Al-Habib Capital Markets Private Limited. The symbol “BAHL” is being used by the stock exchanges for the shares of Bank Al-Habib Limited.

Karachi, Fauji Fertilizer Bin Qasim Limited informed Pakistan Stock Exchange that 12th extraordinary general meeting of the company is scheduled to be held on November 29, 2016 at Karachi. The agenda of the meeting will be confirming the minutes of 11th extra ordinary general meeting held on August 24, 2016. Further, the closed period of the company is from November 23, 2016 to November 29, 2016 (both days inclusive). Fauji Fertilizer Bin Qasim Limited is a public limited company incorporated in Pakistan. The foundation of the company is laid under the Companies Ordinance, 1984. The principal objective of the company is manufacturing, purchasing and marketing of fertilizers. The company commenced its commercial production effective January 1, 2000. The company is a subsidiary of Fauji Fertilizer Company Limited with shareholding of 50.88%. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Rawalpindi. The plant is a Granular Urea and Di-Ammonium Phosphate fertilizers manufacturing complex, built at a cost of US$ 468 Million and located in Eastern Zone of Bin Qasim, Karachi, with Head Office at Rawalpindi. The plant is ISO certified with memberships of industry association and trade bodies i.e. Rawalpindi Chamber of Commerce and International Fertilizer Association. The symbol “FFBL” is being used by the stock exchanges for the shares of Fauji Fertilizer Bin Qasim Limited.

Karachi, Wah Noble Chemicals Limited informed Pakistan Stock Exchange that 33rd annual general meeting of the company is scheduled to be held on November 30, 2016 at Wah Cantt. The agenda of the meeting will be confirming the minutes of extraordinary general meeting held on May 30, 2016, to receive, consider and adopt the audited accounts of the Company for the year ended June 30, 2016 Further, the closed period of the company is from November 24, 2016 to November 30, 2016 (both days inclusive). Wah Nobel is a company founded in 1962 in Pakistan. It is a joint venture between Saab Sweden, Almisehal Saudi Arabia and the Pakistan Ordnance Factories. The foundations of the company are laid on the principals of Companies Ordinance, 1984. Wah Nobel shows safety, reliability, service and commitment in its products. The products of the company are used both locally and internationally. The main product of the company is explosives. It also provides training facilities for its customers. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Wah Cantt. The symbol “WAHN” is being used by the stock exchanges for the shares of Wah Nobel.

Karachi, Attock Refinery Limited informed Pakistan Stock Exchange that as part of the Company up-gradation project operation of isomerization unit has commenced on November 07, 2016. The isomerization unit will enable the refinery to enhance production of Motor gasoline by about 15,000 to 20,000 M. Ton per month. Attock Refinery Limited was incorporated in Pakistan on November 8, 1978 as a private limited company and was converted into a public company on June 26, 1979. It is subsidiary of the Attock Oil Company Limited, UK and its ultimate parent is Bay View International Group S.A. The company is principally engaged in business of refining the crude oil. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The company is also registered with Central Depository Company of Pakistan Limited. Its registered office is situated at Rawalpindi. The crude oil refining operations of the company date back to 1922 which amounts to more than 90 years of vast experience for the company. Several up gradation processes are in progress for the company which shall be completed by September 2015. The company is ISO 9001, ISO 14001, ISO/IEC 17025; OHSAS 18001 certified and is implementing ISO 50001 Energy Management System. The symbol “ATRL” is being used by the stock exchanges for the shares of Attock Refinery Limited.