Financial results of Pakistan Capital Market Fund for quarter ended September 30, 2016

Karachi, Pakistan Capital Market Fund informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 21, 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. 23,183. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Pakistan Capital Market Fund (A Balanced Fund) (referred to as PCM) is an open end balanced fund that invests in a range of asset classes such as equity and debt in Pakistani market. The asset allocation to equities and debt is made on the basis of relative attractiveness of each asset class. The investment process is driven by fundamental research. For equities investment, fundamental outlook of sectors/companies and DCF (discounted cash flow) valuations are the primary factors in sectors’ allocation and stock selection. For debt investment, interest rate outlook is the key determining factor and allocation to this segment is increased when the yields are comparatively higher compare to the total returns on equities. Investment is made in corporate bonds (investment grade) and government bonds. The symbol “OEFPCMF” is being used by the stock exchange for the Pakistan Capital Market Fund.

ICC Judgment in Bemba et al. Witness Tampering Case

The United States welcomes the delivery of this week’s verdict by a panel of judges at the International Criminal Court (ICC), which found Jean-Pierre Bemba and four associates guilty of offenses against the administration of justice.

These five individuals were found to have corruptly influenced defense witnesses in connection with Bemba’s separate ICC trial, in which he was convicted of atrocities committed by a Congolese militia under his command in the Central African Republic.

Witness tampering�including intimidation and violence against witnesses testifying for the prosecution and the defense �remains a critical vulnerability for efforts all over the world to establish the truth aboutatrocities and promote justice for the victims. When threats emerge to the integrity of such proceedings, we encourage national authorities to take steps to address them and hold those who are responsible to account.

The United States is committed to working as appropriate with governments, tribunals, and other actors to better ensure that those who have the courage to share their testimony about mass atrocities are not made victims a second time for doing so. Witness intimidation must not become a pathway to impunity.

Source: U.S. State Department

Dispatch of final dividend warrants of Exide Pakistan Limited

Karachi, Exide Pakistan Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs.10 per share i.e. 100% for the year ended March 31, 2016 have been dispatched to the shareholders by courier service on September 16, 2016. Exide Pakistan Limited is a limited liability company and is incorporated in Pakistan in 1953. The company is engaged in the manufacturing and sale of batteries, chemicals and acids. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office and manufacturing facility of the company is located in Karachi and Hub Balochistan. The company serves its outlets in Pakistan through regional offices in Karachi, Sukkhur, Multan, Faisalabad, Lahore, Rawalpindi and Peshawar. These regional offices provide after sales service to all customers and are supported by a vast network of dealerships all over the country. Industrial Batteries for Telecommunication, Railways, WAPDA and other stand-by applications are new and exclusive features of the company. The production capacity of the company is ISO 9002 certificate in accordance with appropriate quality control and management systems being followed by the company. The symbol “EXIDE” is being used by the stock exchanges for the shares of Exide Pakistan Limited.

Financial Plan of Ghandhara Industries Limited for the upcoming year

Karachi, Ghandhara Industries Limited informed Pakistan Stock Exchange that the board meeting held on August 31, 2016 at Karachi has approved the financial plan for the upcoming year. Ghandhara Industries Limited is a company incorporated in Pakistan as a public limited company on February 23, 1963. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. The principal activity of the company is assembly and progressive manufacturing of Isuzu Trucks and Buses. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is situated at Karachi. The symbol “GHNI” is being used by the stock exchange for the shares of Ghandhara Industries Limited.