Ghani Global to sell Ghani Chemical Industries shares in IPO

KARACHI, PAKISTAN: Ghani Global Group will sell around 50 per cent shares in its subsidiary Ghani Chemical Industries Limited (GCIL) through an initial public offering (IPO) at Pakistan Stock Exchange…

NNR October 4, 2021

PSX

Citi Pharma plans $3.0 million subsidiary in Central Asia

KARACHI, PAKISTAN: Citi Pharma Limited will establish a wholly owned subsidiary in Uzbekistan with a total estimated cost of $3.0 million, a news release said. Pakistan is catalyzing the stability…

NNR September 16, 2021

PSX

Engro Enfrashare signs Rs4.5bn financing to develop mobile towers

KARACHI: Engro Enfrashare, a wholly owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.5 billion, led by Meezan Bank and Faysal Bank. The proceeds…

NNR September 14, 2021

PSX

PTCL and Ufone joins hands with NOWPDP for Justuju Internship Program

KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Ufone signed MoU to launch 2nd batch of Justuju Internship Program in collaboration with Network of Organizations Working with Persons with Disabilities Pakistan…

NNR September 14, 2021

PSX

PTCL to equip The City School with premium ICT services

KARACHI, PAKISTAN: Pakistan Telecommunications Company Limited (PTCL), signed a Memorandum of Understanding (MoU) with The City School to offer premium ICT services including telephone and high-speed internet to the students,…

NNR September 12, 2021

PSX

BankIslami Pakistan wins restitution claim in USA Court

KARACHI: BankIslami, Pakistan’s leading Islamic finance institution, has emerged victorious and won a restitution case in the US as one of the victims of a cybercrime that occurred in 2018.…

NNR September 10, 2021

PSX

PIBT plans to expand coal handling capacity to 16mn tons

KARACHI: Pakistan International Bulk Terminal (PIBT), country’s only fully mechanized bulk terminal, plans an expansion of the terminal’s coal handling capacity to 16 million tons from existing 12 million tons.…

NNR September 10, 2021

PSX

KE expects 700MW of new electricity connections in 2 years

KARACHI, PAKISTAN: Growth in power demand in K-Electric (KE) service area is expected to remain above 5 per cent and KE expects over 700 MW of new electricity connections in…

NNR September 9, 2021

PSX

Indus Motor Company to invest $100mn in Hybrid Electric Vehicles

KARACHI, PAKISTAN: Indus Motor Company (INDU), the assembler of Toyota vehicles in Pakistan, has announced a whopping $100 million investment in Hybrid Electric Vehicles (HEVs) production over next three years,…

NNR September 8, 2021

PSX

InfraZamin signs ITMinds for back office accounting services

KARACHI, PAKISTAN: InfraZamin Pakistan Limited and ITMinds Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide back office…

NNR September 1, 2021

PSX

Pakistan awarded Offshore Block in Abu Dhabi

KARACHI, PAKISTAN: A Pakistan Petroleum Limited (PPL) led consortium has been awarded Offshore Block 5 in Abu Dhabi’s second competitive exploration block bid round. Offshore Block 5 covers an area…

NNR August 31, 2021

PSX

Bank Alfalah posts growth in deposits and consumer lending

KARACHI, PAKISTAN: Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited condensed interim financial statements for the half year ended…

NNR August 25, 2021