Pakistan News

    Zero Dividend Preference Shares In Pakistan

  • Philip Morris to issue Rs11bn preference shares

    KARACHI: Philip Morris (Pakistan) Ltd on Tuesday proposed to issue preference shares of up to Rs11 billion...

    It stated in a filing with the stock exchanges that the board had approved an irredeemable, non-voting, non-cumulative and convertible preference shares at Rs10 per share to Philip Morris Investments BV and Philip Morris Brands Sarl, which own 77...

  • Dividend of shares

    IT is regrettable that the shareholders who have invested their savings in the shares of public limited companies are the worst sufferers...

    It has been observed that after the announcement of profit at the annual general meeting of these companies, they take too long to despatch dividend warrants to shareholders...

  • Preference for English harming local languages

    ISLAMABAD: “It seems Pakistan, a land of various colourful languages, has got married to a foreigner and has been asked to speak the foreign language whereas Urdu, wearing beautiful attire, has been asked to serve this ruler from abroad...

    She and other speakers lamented that owing to the socio-economic pressures, less preference was being given to Urdu and other local languages as compared to English, causing serious harm to...

  • Mari Petroleum to redeem minority shareholders’ preference stock

    KARACHI: Mari Petroleum Company Limited (MPCL) proposes redemption of preference shares “other than on pro rata basis...

    67 billion on June 30, 2014, was to be surrendered to the government and minority shareholders in the form of non-voting, non-cumulative, redeemable preference shares as ‘quid pro quo’ for dismantling of Mari GPA,” Assad Rabbani, company secretary, Mari Petroleum, said on Thursday...

  • 63M women, girls statistically 'missing' due to India’s preference for boys: govt report

    A deeply felt preference for boys has left more than 63 million women statistically “missing” across India and more than 21 million girls unwanted by their families, government officials say...

    “The challenge of gender is long-standing, probably going back millennia,” wrote the report’s author, chief economic adviser Arvind Subramanian, noting that India must “confront the societal preference for boys”...

  • CINEMASCOPE: ZERO PLUS ZERO

    The story goes something like this: in 1997 producer Sajid Nadiadwala and director David Dhawan (known for their utter disregard of common sense in stories) thought to rework the twin-brother formula by adapting the hit Telugu film Hello Brother with Salman Khan in the lead...

    Their movie Judwaa, and its amateurishly penned songs, were a mammoth hit
  • Reaping the gender dividend

    Interestingly, the current juncture of low oil prices offers the best prospect for Saudi Arabia and other oil producing countries in West Asia to reap a gender dividend...

    Unlike in the past when expatriate labour would take them up, the preference now is for using educated Saudi youth...

  • Dividend disbursement through banks notified

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Monday notified regulations making it mandatory for listed companies to distribute their dividends through banking transfers only...

    “This data of CDC will be provided the information not only to the respective shareholder and the respective companies but it will also help the authorities if a probe of any shareholder is required — to determine the number shares...

  • 114 firms not paying dividend despite earning profit

    Whether the corporates earning profit should be forced to pay dividend or the decision between payout and retention should be left to the company boards has remained a subject of intense debate...

    Since the government holds more than half the total stock holdings in the market and the dividends received from high return yielding stocks is the major source of revenue for the state, non-payment of dividend is a big drag on its...

  • Missing dividend

    Maulai’s letter (May 4), I may add that there are some limited companies which have not been paying any dividend to their investors, nor giving any reason thereof, since their very inception...

    Another company, Sui Southern Gas Company Ltd, was distributing dividend warrants to its investors but has abruptly stopped doing so...

  • Use of electric dryers brings dividend for Swat fruit farmers

    MINGORA: Electric dryers powered by local micro hydro power plants (MHPs) are transforming the poor farmers’ lives towards economic advancement as they saw over 80 per cent increase in their profits for their dried red persimmons after seeing attractive demand in the local and national markets...

    Owing to suitable climatic conditions, the red persimmons are in abundance in Swat valley which produces over 50,000 tons of the fruit, and,...
  • PTCL declares interim dividend

    KARACHI: Pakistan Tele­communication Company Ltd (PTCL) declared consolidated earnings of Rs3...

    The PTCL in a press statement said that the board announced an interim cash dividend of 10pc for the shareholders...

  • SECP makes CNIC mandatory for dividend payments

    ISLAMABAD: The Securi­ties and Exchange Commission of Pakistan (SECP) has allowed companies to withhold all future dividends of shareholders who have not provided their CNIC numbers to be written on the dividend warrants...

    However, the companies will require the SECP’s approval to withhold dividend of any shareholder, a notification issued on Tuesday said...

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