Searle Company to manufacture Livzon Mapharm’s Covid vaccine in Pakistan
KARACHI: The Searle Company Limited has concluded an agreement with China’s Livzon Mapharm Inc. for the manufacturing of novel coronavirus vaccine (V-01) in Pakistan. “The...
Pakistan LNG Limited finalizes bidders for supply of eight LNG cargoes
KARACHI: Pakistan LNG Limited (PLL) has finalized lowest bids ranging $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021....
Pakistan National Shipping Corporation to acquire used AFRAMAX tanker
KARACHI: Pakistan National Shipping Corporation (PNSC) has planned to acquire a used AFRAMAX tanker, with a deadweight of 10,5000 tons, to expand its customer base...
InstaMall, an online marketing platform, gets seed investment from Arif Habib
KARACHI: Arif Habib, Chairman Arif Habib Group, has made the seed investment in InstaMall, which is building a trustworthy, customer-centric and tech-enabled platform. “Pakistan is...
HTL expands Zic oil distribution to Afghanistan
KARACHI: Hi-Tech Lubricants Ltd. (HTL) and Osman Ghani Ltd., an Afghanistan based company, have entered into a non-exclusive distribution agreement for export of locally blended...
PSO seeks two LNG import cargoes to be delivered in May 2021
KARACHI: Pakistan State Oil (PSO) has invited bids for two cargoes of liquefied natural gas (LNG) to be delivered in May 2021 amid higher anticipated...
Pakistan CAD narrowed to USD 50mn in Feb’21, down 75% YoY
Current Account Deficit (CAD) for the month of Feb’21 was down by 75% YoY to USD 50mn or 0.2% of the GDP compared with deficit...
Ismail Industries makes equity investment in PET resin plant
KARACHI: Ismail Industries Limited will make an equity investment of Rs1.5 billion in a recently incorporate subsidiary Ismail Resin Private Limited, which intends to setup...
SEWL signs another Chinese automaker to assemble/sale its cars in Pakistan
KARACHI: Sazgar Engineering Works (SEWL) has signed an agreement with a renowned Chinese automobile manufacturer for the manufacture/assembly, sales and after sales service of passenger...
Lucky’s greenfield cement plant in Iraq commences commercial operations
KARACHI: Lucky Cement notified the bourse on Thursday that the greenfield cement production facility in Samawah, Iraq with a capacity of 1.2 million tons/annum commenced...
Hub Power to acquire upstream operations, renewable assets of ENI in Pakistan
KARACHI: Hub Power Holdings Limited (HPHL), a wholly owned subsidiary of The Hub Power Company Limited (Hubco), together with ENI’s local employees (in a 50:50...
Humayun Bashir elected Chairman of NCCPL
KARACHI: The Board National Clearing Company of Pakistan Limited (NCCPL) has re-elected Humayun Bashir as its Chairman from amongst the independent directors. NCCPL is an...