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Home » Archive by Month

Article Archive for October 2016

JS Securities Limited – Result Review

October 31, 2016 – 10:24 am | Comments Off on JS Securities Limited – Result Review

Karachi, October 31, 2016 (PPI-OT): DCL: 1QFY17 EPS fall in-line with expectations Dewan Cement Limited (DCL) announced its result for 1QFY17 wherein the company announced EPS of Rs0.55 for the quarter (+62% YoY).The announcement remained in-line with JS Securities Limited’s expectations of Rs0.54 for the quarter. Revenues of DCL increased by 14% YoY to Rs2,942mn …

Arcelik is to finalize Dawlance acquisition process until 7 November

October 31, 2016 – 10:24 am | Comments Off on Arcelik is to finalize Dawlance acquisition process until 7 November

Karachi, October 31, 2016 (PPI-OT):Following the disclosure made on 30 June 2016, Arcelik A.S., one of the leading global home technologies manufacturers, has disclosed that all closing conditions had been satisfied regarding the acquisition of production and sales companies operating in Pakistan under Dawlance brand. Following the payment of the share purchase price by Arcelik’s …

Karachi Chamber of Commerce and Industry demands immediate release of seized cargo containers

October 31, 2016 – 10:24 am | Comments Off on Karachi Chamber of Commerce and Industry demands immediate release of seized cargo containers

Karachi, October 31, 2016 (PPI-OT):President of the Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo, while expressing deep concern over seizure of huge number of containers laden with import and export consignments in Punjab and Khyber Pakhtunkhwa provinces, urged the government to immediately release all these containers in order to save the business …

Pakistan Telecommunication Company Limited and Netflix sign collaboration agreement

October 31, 2016 – 10:23 am | Comments Off on Pakistan Telecommunication Company Limited and Netflix sign collaboration agreement

Islamabad, October 31, 2016 (PPI-OT):PTCL becomes the first Telecommunication operator in Pakistan to sign a partnership agreement with Netflix, the global internet television network for the Pakistan market. After this agreement, PTCL and Netflix will use their respective resources for mutual benefit, utilizing and maximizing the viewing experience and penetration of Netflix services in Pakistan. …

Amalgamation of Burj Bank with Al Baraka (Pakistan) Limited takes effect

October 31, 2016 – 10:23 am | Comments Off on Amalgamation of Burj Bank with Al Baraka (Pakistan) Limited takes effect

Karachi, October 31, 2016 (PPI-OT):State Bank of Pakistan sanctioned the scheme of amalgamation of Burj Bank Limited with and into Al Baraka Bank (Pakistan) Limited under Section 48 of the Banking Companies Ordinance, 1962. The scheme of amalgamation would become effective from close of business today i.e. October 31, 2016. Accordingly, all the branches of …

Safeguarding national economic interest a priority: Commerce Minister

October 31, 2016 – 10:23 am | Comments Off on Safeguarding national economic interest a priority: Commerce Minister

Islamabad, October 31, 2016 (PPI-OT):The Minister for Commerce, Engineer Khurram Dastagir Khan has said that safeguarding national economic interests of Pakistan will be the supreme priority while negotiating 23-country Trade in Service Agreement (TiSA). He said this while chairing an inter-ministerial TiSA Council meeting on Monday which was attended by the representatives of all the …