Last update: Sat, 06 Feb 2016 11pm

Company News: Pakistan


Faran Sugar Mills (PSX:FRSM) was incorporated under the umbrella of the Amin Bawany Group in 1981 for the manufacturing and sale of white sugar in Sheikh Bhirkio, Tando M Khan District, Hyderabad. Starting with a cane-crushing capacity of 2000 tons per day in 1983, the company now boasts a capacity of 9000 tons per day, and its market capitalisation is north of Rs 2.8 billion.
The biggest name in fertilisers and one of the largest corporations in Pakistan, Fauji Fertilizer Company Limited (PSX:FFC) started its epic journey in 1978 as a private limited company. The company listed itself in 1991 and today its market capitalisation is north of a staggering Rs 141 billion.
Nimir Industrial Chemicals Limited (PSX: NICL), is engaged in manufacturing and sale of industrial chemical products. Among the chemical industry in Pakistan, it is known as a pioneer in establishing Oleo chemicals business in the country. The Company from its humble begging in 1994 has become a major player in the chemical industry of Pakistan. NICL was listed on nation's stock exchanges in 1996.
With a background in leather, textile, and banking businesses, Mr. S.M. Muneer is no stranger to Pakistan's business community; nor is he to government circles. In his decades of illustrious career, Mr. Muneer holds and has held numerous positions including Vice Chairman of MCB Bank, President India-Pakistan Chamber of Commerce & Industry, Vice Chairman SITE Association and what not. In March 2014, Mr. Muneer was appointed as the CEO of Trade Development Authority of Pakistan (TDAP).
An interview with Ambassador Sha Zukang President of China-Pakistan Friendship Association China's 'miracle maker', Ambassador Sha Zukang wears many hats. Earlier this month he brought a big delegation of Chinese private sector businessmen to Pakistan in the capacity of President of China-Pakistan Friendship Association (CPFA) in China. Sha, who is the former head of United Nations Department of Economic and Social Affairs (2007 to 2012), and the former Chinese ambassador to the United Nations Office in Geneva, also currently holds the position of honorary president of China Arms Control and Disarmament Association, and as Senior Advisor to the prestigious China Institute for International Strategic Studies.
The Board of Directors of Bank Al Habib Limited (BAHL) in their meeting held on Wednesday at Karachi, recommended a final cash dividend for the year ended December 31, 2015 at Rs 3.50 per share, ie 35 percent. According to unconsolidated profit and loss account, the bank has earned a profit after tax Rs 7.404 billion in CY15 compared to Rs 6.348 billion in CY14. The bank's Earnings Per Share surged to Rs 6.66 in CY15 as against Rs 5.71 in CY14.
As Jubilee Life (PSX:JLICL) and EFU Life battle out for the top spot in private sector life insurance space, there is a clear winner when it comes to the speed of business expansion. The former has been the fastest growing firm in its already rapidly expanding sector in recent years and has come from a long way behind to overtake rival EFUL in terms of net premiums in 2014.