General

Karachi, Clover Pakistan Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,000 shares @ Rs. 45.90 per share were sold in the market on May 26, 2016 through CDC. Clover Pakistan Limited is a company incorporated in Pakistan in 1986. It is a public limited company the foundations of which are laid under the principals of the Companies Ordinance, 1984. The core business activities of the company include manufacture and sale of food and plastic products and trading in food and consumer durables. During the year ended June 30, 2013 the company signed a distributors agreement with Titan Company Limited India for marketing of the products within the territorial jurisdiction of Pakistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The registered office of the company is situated at Karachi. The symbol “CLOV” is being used by the stock exchanges for the shares of Clover Pakistan Limited.

Karachi, Jauharabad Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on May 27, 2016. The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 105,789 and Rs. 170,486 with earnings per share 9.70 and 15.63 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Jauharabad Sugar Mills Limited (Formerly “Kohinoor Sugar Mills Limited”) is a public limited company, and has an honor of being one of the pioneer sugar mills of Pakistan, established since independence at Jauharabad, District Khushab in the Punjab Province by the Thal Development Authority. The Company has designed crushing capacity of 8000 MT of sugar cane per day. Cane Processing (Pvt) Limited acquired the majority shares from Saigol family under sales purchase agreement dated October 14, 2013.The new management took the control of the Company after the approval of acquisition of majority voting shares and control of the company by the Securities and Exchange Commission of Pakistan. The Company’s name has also been changed to “Jauharabad Sugar Mills Limited” with effect from August 27, 2014. The new management has removed the bottlenecks of the plant and is focused to revitalize the project. The symbol “JSML” is being used by the stock exchanges for the shares Jauharabad Sugar Mills Limited.

Karachi, KASB Corporation Limited informed Pakistan Stock Exchange about voluntary delisting of the company. Company presented certified true copy of special resolution of shareholders of KASB Corporation Limited passed in their extraordinary general meeting held on May 25, 2016 at 3:00 P.M at Karachi. KASB Corporation Limited was incorporated in Pakistan on April 11, 1996 as a Public Limited Company. It received certificate of commencement of business on January 27, 1997. KASB Finance Private Limited is considered as the holding company. The core business operations of the company are undertaking portfolio investment management and investment in other financial instruments. During the previous year, the majority shareholders of the Company entered into an agreement with KASB Finance Private Limited about acquisitions of 29,996,406 ordinary shares of the company, representing 99.99% of the issued and paid up capital of the company. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the Company is located in Islamabad. On May 31, 2012, the Securities and Exchange Commission of Pakistan de-registered the Company as a Non-banking Finance Company and revoked its license to carry on leasing business on June 22, 2012. The SECP has issued certificate of change of name of the company from “Sigma Leasing Corporation Limited” to “Sigma Corporation Limited”. On 5 September 2013, SECP issued a certificate for change of name of the company from “Sigma Corporation Limited” to “KASB Corporation Limited. Necessary amendments have also been made in the Memorandum and Articles of Association of the company. The symbol “KCORP” is being used by the stock exchanges for the shares of KASB Corporation Limited.

Karachi, Chashma Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on May 27, 2016. The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 137,646 and Rs. 62,535 with earnings per share 4.80 and 2.18 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Chashma Sugar Mills Limited is a company incorporated in Pakistan on May 5, 1988 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The commercial production of the company started from October 01, 1992. The company is engaged principally in the manufacture and sale of white sugar. The company is a subsidiary of The Premier Sugar Mills and Distillery Company Limited. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The head office of the company is located in Islamabad. The symbol “CHAS” is being used by the stock exchange for the shares of Chashma Sugar Mills Limited.

Karachi, Allied Bank Limited informed Pakistan Stock Exchange that interim dividend warrants @ Rs. 1.75 per share, i.e. 17.50% for year ending Dec, 2016 have been dispatched to the shareholders by registered post or through courier service from May 19, 2016 to May 26, 2016. Allied Bank Limited is incorporated in Pakistan under the Companies Ordinance, 1984. It is a scheduled bank, engaged in commercial banking and related services. The Bank operates a total of 948 branches in Pakistan, 1 branch in Karachi Export Processing Zone Branch, and 1 wholesale banking branch in Bahrain. The subsidiary of the company includes ABL Asset Management Company Limited. The bank is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the bank is situated at Lahore. The services of the company are in the personal and business banking segment. The services of the bank in the banking segment includes everyday accounts, lifestyle banking, savings and term deposits, credit and debit cards, domestic remittances, banc-assurance and e-banking services. The symbol “ABL” is being used by the stock exchanges for the shares of Allied Bank Limited.

Karachi, Premier Sugar Mills and Distillery Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on May 27, 2016. The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended March 31, 2016 which portrayed a loss of Rs. 24,091 and Rs. 34,329 with loss per share 6.42 and 9.15 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Premier Sugar Mills and Distillery Company Limited is a company incorporated in Pakistan on July 24, 1944 as a Public Company. The company is principally engaged in manufacture and sale of white sugar and spirit. The shares of the company are quoted on Karachi and Islamabad Stock Exchanges of Pakistan. The company’s mills and registered office are located at Mardan (Khyber Pakhtunkhwa) whereas the Head Office is situated at Islamabad. The symbol “PMRS” is being used by the stock exchanges for the shares of Premier Sugar Mills and Distillery Company Limited.

Islamabad, May 26, 2016 (PPI-OT):Chief of the Naval Staff Admiral Muhammad Zakaullah is on an official visit to South Africa. During the visit, the Naval Chief called on Chief of […]