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Home » Archive by Month

Article Archive for October 2016

Improvement of Pakistan’s ranking in the ease of Doing Business, 2017

October 31, 2016 – 10:23 am | Comments Off on Improvement of Pakistan’s ranking in the ease of Doing Business, 2017

Islamabad, October 31, 2016 (PPI-OT):The World Bank launched Doing Business report 2017 on 25th Oct. 2016. Pakistan improved its position from 148 (DB-2016) of 189 to 144 (DB-2017) out of 190 countries under the new methodology. On the Distance to Frontier (DTF) metric, Pakistan’s score went up from 49.48 (DB2016) to 51.77 (DB2017), using a …

[five_sixth_last]Minister rejects All Pakistan Textile Mills Association demand for duty free cotton import conditionally

October 31, 2016 – 10:23 am | Comments Off on [five_sixth_last]Minister rejects All Pakistan Textile Mills Association demand for duty free cotton import conditionally

Islamabad, October 31, 2016 (PPI-OT):APTMA has demanded duty free cotton for import purposes but the Federal Minister for National Food Security and Research Mr. Sikandar Hayat Khan Bosan has declined this demand conditionally, whereby no duty free cotton import will be permitted until and unless all the locally produced cotton is sold completely. We are …

Financial results of Ecopack Limited for quarter ended September 30, 2016

October 31, 2016 – 8:50 am | Comments Off on Financial results of Ecopack Limited for quarter ended September 30, 2016

Karachi, Ecopack Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 29, 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. 14,710 with earnings per share 0.64 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 23, 2016 to October 29, 2016 (both days inclusive). Ecopack Limited is a company incorporated on August 25, 1991 as a private limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company was converted into a public limited Company on April 29, 1992. The principal business activity of the Company is manufacturing and sale of Polyethylene Terephthalate bottles and preforms for the market of Beverages and other liquid packaging industry. The company has supply in the emerging Central Asian markets. The shares of the company are quoted Karachi Stock Exchange of Pakistan. The company has its registered office and manufacturing facility located at Khyber Pakhtunkhawa. The current capacity of EcoPack is over 300 million bottles and 400 million preforms per annum and is therefore the largest supplier of PET bottles in Pakistan. The symbol “ECOP” is being used by the stock exchanges for the shares of ECOPACK Limited.

Financial results of The Pakistan General Insurance Company Limited for quarter ended September 30, 2016

October 31, 2016 – 8:50 am | Comments Off on Financial results of The Pakistan General Insurance Company Limited for quarter ended September 30, 2016

Karachi, The Pakistan General Insurance Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on October 29, 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. 9,459,820 with earnings per share 0.24 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 23, 2016 to October 29, 2016 (both days inclusive). Pakistan General Insurance Company Limited was incorporated in Pakistan in October, 1947 as a public limited company. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The operations of the business are related to life and general insurance. The registered office of the company is located in Lahore. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The products of the company includes fire insurance, property insurance, motor insurance, miscellaneous insurance, marine insurance, engineering insurance, shop owners insurance and group health insurance. The symbol “PKGI” is being used by the stock exchanges for the shares of Pakistan General Insurance Company Limited.

Financial results of Arif Habib Corporation Limited for quarter ended September 30, 2016

October 31, 2016 – 8:50 am | Comments Off on Financial results of Arif Habib Corporation Limited for quarter ended September 30, 2016

Karachi, Arif Habib Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 29, 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. 733,790,860 with earnings per share 1.41 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Arif Habib Corporation Limited is a holding company of Arif Habib Group incorporated in Pakistan under the Companies Ordinance, 1984. Arif Habib Corporation Limited was incorporated in Pakistan on November 14, 1994 as a public limited company. The principal activity of the Company is to manage strategic investments in subsidiary companies and associates engaged in chemical, fertilizer, financial services, construction materials, industrial metal, steel and other sectors including investments in securities. The company has a portfolio across sectors including fertilizers, financial services, construction materials, industrial metals, dairy farming, energy and others. 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 Karachi. The symbol “AHCL” is being used by the stock exchanges for the shares of Arif Habib Corporation Limited.

Financial results of Feroze 1888 Mills Limited for quarter ended September 30, 2016

October 31, 2016 – 8:50 am | Comments Off on Financial results of Feroze 1888 Mills Limited for quarter ended September 30, 2016

Karachi, Feroze 1888 Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 29, 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. 543,664 with earnings per share 1.44 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Feroze 1888 is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is principally engaged in production and export of towels. The company manufactures and exports specialized yarn and textile terry products in Pakistan. The company maintains ISO 9001:2008 certified quality standards. The company is partnered with 1888 Mills (USA) through which the company is recognized as a global manufacturer of quality textile products for home, hospitality and healthcare. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The symbol “FML” is being used by the stock exchanges for the shares of Feroze 1888 Mills Limited.