General

Karachi, Safa Textiles Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 11, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 183,623 with loss per share 45.91 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 22, 2016 to October 29, 2016 (both days inclusive). Safa Textiles Limited is a company incorporated in Pakistan as a private limited liability company on November 08, 1984. It was subsequently converted into a public limited company on April 01, 1992. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing and export of readymade garments. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The symbol “SFAT” is being used by the stock exchange for the shares of Safa Textiles Limited.

Karachi, Askari Bank Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Rawalpindi on October 13, 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. 1,227,116 with earnings per share 0.97 basic and diluted and consolidated profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 1,224,825 respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Askari Bank Limited was incorporated in Pakistan on October 9, 1991, as a public limited company and commenced its operation on April 1, 1992. The company is engaged in the business of banking defined in the Banking Companies Ordinance, 1962. The branch networks of the bank also include Islamic and agricultural banking. The registered office of the bank is located in Rawalpindi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The bank has more than 240 branches located all over Pakistan. The products and services which the bank provides to its customers include agricultural banking, branch banking, consumer banking, corporate banking and Islamic banking services. The symbol “AKBL” is being used by the stock exchange for the shares of Askari Bank Limited.

Karachi, Nina Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 10, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a loss of Rs. 133,744,700 with loss per share 5.53 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from October 24, 2016 to October 31, 2016 (both days inclusive). Nina Industries Limited is located in Karachi. It is listed on Pakistan Stock Exchange. The symbol “NINA” is being used by the stock exchange for the shares of Nina Industries Limited.

Karachi, Salfi Textile Mills Limited informed Pakistan Stock Exchange that pursuant to Section 178(3) of the Companies Ordinance, 1984 the following persons have filled with the Company notices of their intention to offer themselves for election as Directors of the Company at the Annual General Meeting to be held on October 20, 2016 Salfi Textile Mills Limited is a company incorporated in Pakistan on January 5, 1968. It is a public limited company formed under the Companies Act, 1913 as repealed by Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of yarn. The manufacturing facilities of the company are located at Landhi Industrial Estate, Karachi in the province of Sindh. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The symbol “SALT” is being used by the stock exchanges for the shares of Salfi Textile Mills Limited.

Karachi, Island Textile Mills Limited informed Pakistan Stock Exchange that pursuant to Section 178(3) of the Companies Ordinance, 1984 the following persons have filed with the Company notices of their intention to offer themselves for election as Directors of the Company at the Annual General Meeting to be held on October 20, 2016. Island Textile Mills Limited is a company incorporated in Pakistan on May 20, 1970. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal business activity of the company includes the manufacture and sale of yarn. The manufacturing facility of the company is located in Kotri Industrial Estate in the province of Sindh. The shares of the company are quoted on Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The symbol “ILTM” is being used by the stock exchange for the shares of Island Textile Mills Limited.

BEIJING, Oct. 12, 2016 /PRNewswire/ — Today UnionPay announced its chip card technology licensing cooperation with seven members of the Asian Payment Network (APN). This marks a new breakthrough in the “Going Global” of China’s financial technology standards. Major switch networks in Singapore, Thailand, South Korea, Malaysia, Indonesia and the Philippines will adopt UnionPay chip card standard […]

Srinagar, October 12, 2016 (PPI-OT):In occupied Kashmir, Muharram processions could not be taken out today due to stringent curfew and a 27- year old official ban on them. Strict restrictions […]