General

Karachi: Pak-Gulf Leasing Company informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on April 20, 2016 at Karachi. The agenda of the meeting will be confirming the minutes of 22nd annual general meeting held on October 27, 2015 and election of 08 directors for a term of three years commencing from April 20, 2016. Further, the closed period of the company is from April 14, 2016 to April 20, 2016 (both days inclusive). Pak-Gulf Leasing Company is a company incorporated in Pakistan on December 27, 1994 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The operations of the company commenced on September 16, 1996. The company is principally engaged in the business of leasing. The shares of the company are quoted on all the three Stock Exchanges of Pakistan, namely, the Karachi Stock Exchange (Guarantee) Limited, the Lahore Stock Exchange (Guarantee) Limited and the Islamabad Stock Exchange (Guarantee) Limited. The registered office of the company is located at Karachi. The symbol “PGLC” is being used by the stock exchanges for the shares of Pak-Gulf Leasing Company.

Karachi: Fatima Fertilizers Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,500 shares were bought from the market on March 18, 2016 through CDC. Fatima Fertilizers Company Limited was incorporated in Pakistan on December 24, 2003. The company operates as a joint venture between two major groups in Pakistan namely Fatima Group and Arif Habib Group. The company produces fertilizers and industrial solutions to its customers. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore and production plant is located at Rahim Yar Khan. The fertilizer production complex produces Ammonia and Nitric Acid which are intermediate products and Urea, Calcium Ammonium Nitrate, Nitro Phosphate and nitrogen Phosphorous Potassium which are final products. Foundation of the complex was laid on April 26, 2006 and the construction process commenced in 2007. The production capacity of the complex is 500,000 metric tons of Urea per annum, 420,000 metric tons of Calcium Ammonium Nitrate per annum, 360,000 metric tons of Nitro Phosphate per annum, 420,000 metric tons of NPK per annum. The symbol “FATIMA” is being used by the stock exchange for the shares of Fatima Fertilizers Company Limited.

لاس اینجلس، 29 مارچ 2016ء/پی آرنیوزوائر/ — مکمل قدرتی اور اسٹیم سیلز کی ابھرتی ہوئی سائنس کے ذریعے جلدی دیکھ بھال کے بہترین نامیاتی فارمولے پیش کرنے سے وابستہ ادارہ اسٹیمولوجی اعلان کرتا ہے کہ بحر الکاہل کے کناروں پر اس کی فروخت سات ہندسوں کا سنگ میل عبور کرگئی ہے۔ مارچ 2015ء سے اسٹیمولوجی […]

Karachi: East West Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on March 28, 2016. The agenda of the meeting was discussion of profit and loss account for the year ended Dec 31, 2015 which portrayed a profit of Rs. 131,252 and earnings per share 2.91 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. The annual general meeting of the company is scheduled to be held on April 27, 2016 at the registered office of the company in Quetta. Further, the share transfer books of the company will remain closed from April 20, 2016 to April 27, 2016 (both days inclusive). East West Insurance Company Limited is a public limited company incorporated in Pakistan in the year 1983. The foundations of the company have been laid under the Companies Ordinance, 1984. The sister concern of the company is East West Insurance Company Limited. The company is engaged in the general insurance business and operates through 52 branches in Pakistan. Besides traditional Insurance business like Fire, Marine & Motor, the company underwrites specialized portfolios for which it has created specialized divisions within the company namely, Engineering, Crops and Livestock divisions. The company business is diversified and provides coverage to a wide range of agricultural and commercial business activities. The stock of the company is quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located Quetta. The core operation of the company is conducted through the office located in Karachi. The symbol “EWIC” is being used by the stock exchanges for the shares of East West Insurance Company Limited.

Karachi: Saif Power Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on March 28, 2016. The agenda of the meeting was discussion of profit and loss account for the year e...

Karachi: Gul Ahmed Textile Mills Limited informed Karachi Stock Exchange about the issuance of 30% right shares at a premium of Rs. 7.50/ per share. Further, the book closure of the company shall be from March 18, 2016 to April 01, 2016 (both days inclusive). Gul Ahmed Textile Mills Limited was incorporated on April 01, 1953 in Pakistan as a private limited company. It was later converted into public limited company on January 07, 1955. The company is a composite textile mill and is engaged in the manufacture and sale of textile products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The installed capacity of the plant is more than 130,000 spindles with 300 weaving machines and yarn dyeing, processing and stitching units, the company has its own captive power plant comprising of gas engines, gas & steam turbines, and backup diesel engines. Besides being a textile manufacturer the company also operates in the retail industry by the opening of its flagship store Ideas by Gul Ahmed. The company has a chain of more than 40 retail stores across the country offering a range of products from home accessories to fashion clothing. Subsidiary companies of the company includes GTM USA Corporation, Gul Ahmed International Limited, GTM Europe Ltd which are 100% owned subsidiary of Gul Ahmed Textile Mills Limited. The symbol “GATM” is being used by the stock exchanges for the shares of Gul Ahmed Textile Mills Limited.

Karachi: Unilever Pakistan Foods Limited informed Pakistan Stock Exchange that 18th annual general meeting of the company is scheduled to be held on April 20, 2016 at Karachi. The agenda of the meeting will be consideration of the audited financial statement of the company for the year ended December 31, 2015, considering the payment of final cash dividend of Rs. 96.00 per share i.e. 960%, appointing and fixing the remuneration of the auditors. Further, the closed period of the company is from April 14, 2016 to April 20, 2016 (both days inclusive) Unilever Pakistan Limited is a limited liability company incorporated in Pakistan. The foundations of the company are formed under the Companies Ordinance, 1984. It manufactures and sells consumer and commercial food products under brand names of Rafhan, Knorr, Energile, Glaxose-D and Foodsolutions. The company is listed on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Karachi. The company is a subsidiary of Conopco Inc. USA, whereas its ultimate parent company is Unilever N.V. Holland. Unilever represents in 150 countries globally with over 200,000 employees. In Pakistan, Unilever made its debut in 1948, and today it is one of the most prominent multinationals in the country operating though two affiliated companies viz. Unilever Pakistan and Unilever Pakistan Foods. The two public listed limited companies have 5 wholly owned and 7 third party manufacturing sites across Pakistan and employees around 1,500 people on their payroll and many thousands indirectly. The symbol “UPFL” is being used by the stock exchanges for the shares of Unilever Pakistan Foods Limited.