Cordoba to purchase 32.5% shares in capital markets technology firm
KARACHI: Cordoba Logistics & Ventures has decided to acquire 32.5 percent stake in Finox (Private) Limited, capital markets technology firm, at a purchase price of...
International Packaging Films mulls Rs2.1bn IPO on PSX
KARACHI, PAKISTAN: International Packaging Films Limited (IPAK) has announced Rs2.159 billion initial public offering (IPO) on Pakistan Stock Exchange (PSX). IPAK plans to sell Rs63.5 million,...
SECP approves Octopus Digital IPO
ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has accorded approval to Octopus Digital Limited to issue, circulate and publish the prospectus for the issuance...
Aqeel Ahmed Khan appointed CEO of Hascol Petroleum
KARACHI, PAKISTAN: Hascol Petroleum Limited has approved the appointment of Aqeel Ahmed Khan as its CEO w.e.f. 5 August 2021, replacing Adeeb Ahmad who has resigned from...
Shell, Uber and Muawin collaborate for innovative fuel management solutions
KARACHI, PAKISTAN: Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner...
Mari Petroleum acquires working interest in Margala Block
KARACHI, PAKISTAN: Mari Petroleum Company Limited (MPCL) has executed a farm-out agreement with MOL Pakistan Oil and Gas Co. B.V. over Margala Block with an...
Samsung and Lucky Motor sign Samsung mobile manufacturing agreement
KARACHI, PAKISTAN: Samsung Gulf Electronics and Lucky Motor Corporation, subsidiary of Lucky Cement Limited, have signed an agreement for production of Samsung branded mobile devices in Pakistan. The...
Shell and K-Electric inaugurate first electric vehicle charging station in Karachi
KARACHI: Shell Pakistan Limited (SPL) and K-Electric (KE) inaugurated the first ‘Rapid Charger’ station with a capacity of 50 kWh for Electric Vehicles at the Shell...
Meezan Bank and NCCPL collaborate to develop new shariah-compliant products for capital markets
KARACHI: Meezan Bank has collaborated with National Clearing Company of Pakistan Limited (NCCPL) for developing new Shariah-compliant products for the country’s capital market. Through this collaboration,...
Kamran Kamal appointed CEO of HUBCO
KARACHI: Hub Power Company (Hubco) has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight...
Bestway Cement commissions 14.3 MW solar plant at it’s Farooqia facility
KARACHI, PAKISTAN: Bestway Cement and Reon Energy Limited today energized 14.3 MW captive solar power project at Farooqia, Khyber Pakhtunkhwa. The plant is part of...
PTCL signs Huawei for transformation of its IP Edge & Optical Transport Network
KARACHI: Pakistan Telecommunication Company Limited (PTCL), has signed strategic contracts with Huawei Technologies Pakistan for the transformation of its IP Edge and Optical Transport Network...