Morgan Stanley Capital proposes to reclassify Pakistan into MSCI Frontier Markets
KARACHI, Pakistan: In a recent development, Morgan Stanley Capital International (MSCI) has proposed to reclassify Pakistan into MSCI Frontier Markets (MSCIFM) from MSCI Emerging Markets...
Octopus Digital selling its 20% shares for Rs793.15 million through IPO
KARACHI, PAKISTAN: Octopus Digital Limited will sell 20% shares at a floor price of Rs29/share translating into Rs793.15 million, a news release said. Pakistan Stock...
Pakistan LNG Limited invites bids for eight LNG cargoes
KARACHI: State-owned Pakistan LNG Limited (PLL) has floated a tender seeking delivery of eight cargoes of the liquefied natural gas (LNG) to be delivered in...
Image Pakistan becomes country’s 1st approved seller on Amazon
KARACHI: Image Pakistan Limited, country’s first approved seller on Amazon, plans to create a wholly owned subsidiary titled Image Tech Limited to avail the recently...
Vitol Bahrain to provide one LNG cargo to Pakistan LNG Limited
KARACHI, PAKISTAN: Vitol Bahrain has offered to provide one LNG cargo of 140,000 cubic meters to Pakistan LNG Limited (PLL) at the rate of $12.77/mmbtu....
K-Electric announces launch of K-solar, a renewable energy company
KARACHI, PAKISTAN: K-Electric Limited (KE) has announced the launch of K-Solar, a renewable energy company that will enable the shift towards a greener and cleaner...
Pakistan Kuwait Investment Company to make Rs500 million equity investment in Planet N
KARACHI, PAKISTAN: Pakistan Kuwait Investment Company (Private) Limited (PKIC) announces that it is making an equity investment of PKR 500 million in Planet N (Private)...
Danish firms evaluate forming JV in Pakistan, it’s listing on PSX
VEJLE, DENMARK: Two Danish companies are evaluating owning a joint venture company, which would offer initial share sales on Pakistan Stock Exchange (PSX), to establish...
Shell Energy Pakistan receives gas marketing license from OGRA
KARACHI, PAKISTAN: The Oil & Gas Regulatory Authority (OGRA) has awarded a ‘gas-marketing license’ to Shell Energy Pakistan (Pvt) Limited, a news release said. Shell...
Reliance Petrochem Industries petrochemicals exports to Europe
KARACHI, PAKISTAN: Reliance Petrochem Industries has secured a $145 million export order for Europe, and dispatched the first ever shipment of Made in Pakistan petrochemicals...
Pakistan LNG Limited seeks 9 LNG cargoes of 140,000 cubic meters each
KARACHI: Pakistan LNG Limited (PLL) has invited bids for the supply of nine LNG cargoes of 140,000 cubic meters each on fixed dollar rate and...
Bestway Cement to setup Greenfield cement plant in Punjab
KARACHI, PAKISTAN: Bestway Cement Limited has announced to setup a Greenfield cement plant with a capacity of 7,200 tons of clinker per day in Punjab...