Engro to invest Rs21.5bn in its telecom infrastructure business

KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO), has announced that it would enhance its total equity investment in the Telecom Infrastructure vertical to PKR 21.5 billion. Engro has also…

NNR August 25, 2021

PSX

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 Rs31 million, a news release…

NNR August 23, 2021

PSX

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, constituting 14.99 per cent of…

NNR August 20, 2021

PSX

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 of 27.350 million ordinary shares…

NNR August 13, 2021

PSX

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 the position. The Board has…

NNR August 5, 2021

PSX

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 drivers. Through this collaboration, Uber…

NNR July 29, 2021

PSX

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 area of 1,847 sq. km…

NNR July 18, 2021

PSX

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 mobile device production plant is…

NNR July 16, 2021

PSX

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 Askari-4 forecourt located at Rashid…

NNR July 9, 2021

PSX

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, Meezan Bank will extend its…

NNR July 8, 2021

PSX

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 years. Kamran has already been…

NNR June 30, 2021

PSX

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 around 50 MW project deal…

NNR June 29, 2021