Karachi, Pakistan Services Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Rawalpindi on February 16, 2014. The agenda of the meeting was discussion of un-audited interim profit and loss account for six month period ended December 31, 2014, which portrayed a profit of Rs. 459,223,000 and earnings per share 14.12 basic and diluted. Pakistan Services Limited was incorporated in Pakistan on December 6, 1958 in Karachi as a public limited company. The foundations of the company have been laid under the Companies Act, 1913 now referred to as the Companies Ordinance, 1984. The company is engaged in the hotel business and owns and operates the chain of “Pearl Continental Hotels” in Pakistan. PSL owns six luxury hotels in all major cities of Pakistan. The total capacity of all six hotels is 1,526 rooms which are managed by more than 3000 employees across Pakistan. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The subsidiary of the company is Pearl Tours and Travels Private Limited, Pear Continental Hotels Private Limited, Bhurban Resorts Private Limited and Mustafa International Private Limited. The “PC” logo is a local brand and a registered trademark owned by PSL. The company has granted the use of its trademark to other hotel operating companies across the country. “Zaver Pearl Continental Hotel” set up in the deep seaport city of Gwadar, Baluchistan owned by a sister concern Hashwani Hotels Limited and upcoming PC Faisalabad Hotel both these hotels have been granted franchise by PSL to use the said trademark. PSL has also granted use of its trademark to another sister concern M/s. Hotel One Private Limited. It is running hotels in different parts of the country namely, Islamabad, Multan, Faisalabad, Sialkot, Bahawalpur and Lahore. The symbol “PSEL” is being used by the stock exchanges for the shares of Pakistan Services Limited.
Karachi, May 29, 2013 (PPI-OT): Please find enclosed herewith a copy of the Notice of Extra-Ordinary General Meeting to be held on Monday, June 17, 2013 for circulation amongst your members. Notice of Extra Ordinary General Meeting Notice is hereby given that pursuant to the order dated May 16, 2013 of the Honourable Islamabad High […]
Karachi, May 24, 2013 (PPI-OT): Pursuant to the directions given by the Honourable Islamabad High Court a Joint Extra-Ordinary General Meeting of Pakistan Services Limited (PSEL) and Musafa International (Pvt,) Limited (wholly owned subsidiary of Pakistan Services Limited) to be held on Monday, June 17, 2013 at 11:00a.m. at Marriott Hotel Islamabad under the chairmanship […]
Karachi, May 03, 2013 (PPI-OT): Pursuant to Clause (xx) of Regulation No. 35 of the Listing Regulation of Karachi Stock Exchange, we are pleased to inform that the Board of Directors approved the acquisition of two properties i.e. at Multan and Mirpur, Azad Jammu and Kashmir for the construction of five star Hotels. You may […]
Karachi: This is to inform you that a meeting of the Board of Directors of the Company will be held on Monday, September 26, 2011 at 03:00 p.m. Gulf Standard […]