General

Karachi: United Bank Limited informed Karachi Stock Exchange about transaction of shares of the bank. 1,500 shares were purchased @ Rs. 162.47 per share from the market on September 03, 2015 through stock broker. United Bank Limited is incorporated in Pakistan and is engaged in the business of commercial banking and other related services. The foundations of the bank are developed under the Banking Companies Ordinance, 1962. The bank is responsible for accepting the deposits of money on current accounts and withdrawal by cheque, draft or order. The registered office of the bank is located at Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The global depository receipts of the bank are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market. The subsidiaries are located in Switzerland, UK and Tanzania. United Bank AG Zurich, UBL Funds Managers and United Executors and Trustees Company Limited are also the subsidiaries of the bank. The associate companies include UBL Insurers Limited and Oman United Exchange Company LLC. The products of the bank are UBL Click N Bank, UBL Tezraftaar, UBL Click N Remit, UBL Tezraftaar Account Services, NRP Direct and UBL Tezraftaar Pardes Card for the customers. The bank is also provides global remittance facilities to its customers. The symbol “UBL” is being used by the stock exchanges for the shares of United Bank Limited.

Karachi: NIB Bank Limited informed Karachi Stock Exchange about transaction of shares of the bank. 99,500 shares were purchased @ Rs. 2.13 per share, 100,000 shares were purchased @ Rs. 2.14 per share and 100,000 shares were purchased @ Rs.2.15 per share from the market on September 03, 2015 through CDC. NIB Bank Limited is incorporated in Pakistan the operations of which started in October, 2003. It is a scheduled commercial bank and is principally engaged in the business of banking as defined in the Banking Companies Ordinance, 1962. The business of the bank is Consumer Banking, Commercial Banking and Wholesale Banking. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the bank is located in Islamabad. The bank is a subsidiary of Bugis Investments (Mauritius) Pte. Limited which is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Limited which in turn is a wholly owned subsidiary of Temasek Holdings, an investment arm of the Government of Singapore. Temasek Holdings of Singapore continues to be the largest single investor in NIB Bank with a stake in excess of 88%. The branch network of the bank includes 179 branches across the country. The symbol “NIB” is being used by the stock exchanges for the shares of NIB Bank Limited.

Karachi: EFU Life Assurance Limited informed Karachi Stock Exchange about transaction of shares of the company. 500 shares were sold @ Rs. 250 per share in the market on September 01, 2015 through CDC. EFU Life Assurance Limited is a company incorporated in Pakistan on August 9, 1992 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The operations of the company started from November 8, 1992. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Islamabad while principal place of business is located at Karachi. The company is engaged in life insurance business which includes ordinary life business, pension fund business and accident and health business and has established statutory funds such as investment linked business, conventional business, pension business and accident and health business as required by the Insurance Ordinance, 2000. The product of the company includes Unit-linked products, Critical Illness Products, Education Planning Product, Inflation Protection Benefit, Pension Plans and Islamic Fund Products. The company is ISO 9001:2008 certified. The symbol “EFUL” is being used by the stock exchanges for the shares of EFU Life Assurance Limited.

Karachi: Mehran Sugar Mills Limited informed Karachi Stock Exchange that interim dividend warrants @ Rs. 12.5% announced by the board of directors in their meeting held on July 28, 2015 for year ending September 30, 2015, have been dispatched to shareholders on September 02, 2015 at their addresses through courier. Mehran Sugar Mill’s core business is sugar manufacturing and is involved both at farm and factory level. The company has invested in a JV ethanol company, Unicol Limited, which produces 30 Million litres annually by converting molasses into Ethanol. Unicol Limited is one of Pakistan’s leading ethanol producers and exporters. Mehran Sugar Mill manages 1,000 acres of farming as a separate profit centre with an objective to cultivate high yielding sugar cane varieties, which can be given to our farmers as seed to improve their future plantations. Mehran Sugar Mill Limited also manage an equity portfolio of Rs 250 Million with emphasis of investing in leading blue chip companies of Pakistan. The objective of the portfolio is to provide a diversified source of income, through dividends and capital gains.

Karachi: Engro Corporation Limited informed Karachi Stock Exchange about transaction of shares of the company. 10,000 shares were sold @ Rs. 320 per share in the market on August 25, 2015 through CDC. Engro Corporation Limited is a publically listed company incorporated in Pakistan under the Companies Ordinance, 1984. The company is engaged in the business of managing investments in subsidiary companies and joint venture, engaged in chemical fertilizers, PVC resin manufacturing, food, energy, exploration, LNG and liquid chemical terminal and storage businesses. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The business ventures of the company started in 1957 from the search for oil by Pak Stanvac an Esso/Mobil joint venture which led to the discovery of the Mari Gas field near Daharki. Later, Esso proposed the establishment of a urea plant in that area which led to a fertilizer plant agreement signed in 1964. In the subsequent year, Esso Pakistan Fertilizer Company Limited was incorporated, with 75% of the shares owned by Esso and 25% by the general public. The subsidiary companies of the group are Engro Fertilizers Limited, Engro Foods Limited, Engro Polymers And Chemicals Limited, Engro Powergen Limited, Engro EXIMP Private Limited, Engro Vopak Terminal Limited and Elengy Terminal Pakistan Limited. The symbol “ENGRO” is being used by the stock exchange for the shares of Engro Corporation Limited.

Karachi: Sui Southern Gas Company Limited informed Karachi Stock Exchange about resignation of Ms. Faiza Kapadia Raffay, Company Secretary with effect from August 22, 2015. Sui Southern Gas Company is an integrated gas company operating in Pakistan. The company is engaged in the business of transmission and distribution of natural gas besides construction of high pressure transmission and low pressure distribution systems. The company’s transmission system extends from Sui in Balochistan to Karachi in Sindh comprising over 3,220 KM of high pressure pipeline ranging from 12 – 24″ in diameter. The distribution activities covering over 1200 towns in Sindh and Balochistan are organized through the regional offices of the company. The company also owns and operates gas meter manufacturing plant in the country which has an annual production capacity of over 750,000 meters. The Government owns the majority of the shares which is presently over 70%. 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 “SSGC” is being used by the stock exchanges for the shares of Sui Southern Gas Company.

Karachi, September 01, 2015 (PPI-OT): Corps Commander Karachi Lt. General Naveed Mukhtar called on Sindh chief Minister Syed Qaim Ali Shah this morning. In the meeting both they discussed the […]