Pakistan NewsWire | Latest News and Press Releases

وِوِڈسڈنی کی روشنیوں نے شہر کو گھیر لیا

دنیا کا سب سے بڑا روشنی، موسیقی اور خیالات کا میلہ سڈنی میں شروع سڈنی، 27 مئی 2016ء/پی آرنیوزوائر/– وِوِڈسڈنی کا تصویر خانہ یہاں دستیاب ہے نشریاتی معیار کی فوٹیجیہاں دستیاب ہے سڈنی، آسٹریلیا آج شام روشنیوں سے جگمگا اٹھا جب 90 سے زیادہ روشنی تنصیبات نے شہر کو سالانہ وِوِڈسڈنی میلے کے لیے منور […]

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Vivid Sydney’s Glow Takes Over the City

World’s largest festival of light, music and ideas kicks off in Sydney SYDNEY, May 27, 2016 /PRNewswire/ — Image gallery of Vivid Sydney available here Broadcast quality footage available here Sydney, Australia is awash with colour this evening as more than 90 light installations light up the city for the annual Vivid Sydney festival, projecting […]

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Financial results of Mirpurkhas Sugar Mills Limited for period ended March 31, 2016

Karachi, Mirpurkhas Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 26, 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. 50,657 and Rs. 373 with earnings per share 4.13 and 0.03 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Mirpurkhas Sugar Mills Limited is a Public Limited Company, was established in 1964, its principal activity is manufacturing and selling of sugar. It is located about 300 km from the port city of Karachi, in Mirpurkhas and is listed on the Pakistan Stock Exchange Limited. The Company has a crushing capacity of 7,500 tons per day and is one of the most efficient sugar mills in Pakistan. Moreover, it is involved in development of higher yield sugarcane varieties on its 1,300 acre experimental farms. The symbol “MIRKS” is being used by the stock exchanges for the shares of Mirpurkhas Sugar Mills Limited.

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Transaction of 40,500 shares of Bank Al-Falah Limited

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about transaction of shares of the company. 40,500 shares at different rates per share were sold in the market on May 26, 2016 through CDC. Bank Alfalah Limited was incorporated as a public limited company on June 21, 1992. The foundations of the bank are laid under the Companies Ordinance 1984. The banking operations of the company commenced from November 1, 1997. The bank is owned and operated by the Abu Dhabi Group and does business through a network of over 500 branches in more than 170 cities in Pakistan. The bank has an international presence in Afghanistan, Bangladesh, Bahrain and a representative office in the UAE. The shares of the bank are quoted on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The core operations of the bank are providing financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, commercial, SME, agri-finance, Islamic and asset financing. The symbol “BAFL” is being used by the stock exchanges for the shares of Bank Al-Falah Limited.

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Voluntary Delisting of KASB Corporation 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.

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