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Car prices increase by an average 9.4% in March
KARACHI: In a fresh round of car prices increase, the automobile assemblers in Pakistan, across the board have hiked the prices by an average 9.4% in March 2022 to pass-on…
Coworking space startup, Colabs, secures $3 million in seed funding
LAHORE, PAKISTAN: Coworking space startup, Colabs, has secured $3 million in seed funding in a round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures. Colabs co-founder and CEO Omar…
Posted inPSX
Lucky Cement commissioned 660MW super critical coal-fired plant in Karachi
KARACHI, PAKISTAN: Lucky Electric Power Company Limited (LEPCL), a wholly owned subsidiary of Lucky Cement, has successfully commissioned its 660 MW super critical, lignite coal-based power plant at Deh Ghangiaro,…
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Lucky Motors launches locally assembled Peugeot SUVs in Pakistan
KARACHI, Pakistan: European automotive manufacturer, PEUGEOT, on Saturday has officially launched operations in Pakistan with Peugeot New 2008 SUVs with its exclusive partner Lucky Motor Corporation. The 1.2L Peugeot New…
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Fatima Group inks $1 billion deals with global agriculture giants at Expo Dubai
LAHORE, PAKISTAN: Fatima Group, one of the fastest-growing industrial conglomerates in Pakistan, has signed two MoUs of over USD1 billion with two key global agriculture stakeholders – China Machinery Engineering…
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Systems Limited invests Rs150mn in Jomo Technologies
KARACHI: PSX listed Systems Limited, a global leader of next-generation IT services and BPO solutions, has agreed to make a strategic investment of Rs150 million in Jomo Technologies (Private) Limited,…
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Octopus Digital to setup industrial data center infrastructure in Pakistan
LAHORE, PAKISTAN: Octopus Digital Limited, a subsidiary of Avanceon Group, will setup and maintain industrial data center infrastructure for one of the largest FMCG corporations in Pakistan. The FMCG giant…
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Cordoba Logistics & Ventures to acquire 50% stake in CC Retail
KARACHI, PAKISTAN: The Board of Directors of Cordoba Logistics & Ventures Limited (Formerly Mian Textile Industries Limited) has approved investment of Rs 65.00 million in Children Clothing Retail (Private) Limited…
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Pakistan Refinery announces $1.2bn expansion
KARACHI: State owned Pakistan Refinery Limited (PRL) has announced a $1.2 billion expansion, which would increase crude processing capacity to 100,000 barrels/day. Moreover, with this expansion, PRL will comply with…
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PTCL launches cyber security services for corporate customers
KARACHI, PAKISTAN: Pakistan Telecommunication Company Limited (PTCL) has launched new cyber security services based on its cutting-edge Security Operations Center (SOC) to protect its corporate and financial customers against cyber-attacks.…
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Supernet and PAKSAT sign partnership for proliferation of satellite communications
KARACHI, PAKISTAN: Supernet Limited and PAKSAT International, Pakistan’s national satellite operator have signed a strategic partnership to expand the existing relationship. Through this partnership, Supernet will be able to provide…
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PSX lists Pak Agro Packaging on its maiden GEM Board
KARACHI, PAKISTAN: Pak Agro Packaging Limited (PAPL) has become the very first company to be listed on Pakistan Stock Exchange (PSX) Growth Enterprise Market (GEM) Board, a statement noted. Growth…