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 province along with 9MW waste…

NNR May 27, 2021

PSX

Engro Polymer to setup R&D think-tank for plastic waste management

KARACHI: Engro Polymer and Chemicals Limited (EPCL) plans to establish a Circular Plastics Institute (CPI), a not-for-profit think-tank, to promote research and development in Pakistan’s circular plastics economy, a news…

NNR May 27, 2021

PSX

Payment processor PayFast granted commercial license by State Bank of Pakistan

KARACHI: State Bank of Pakistan (SBP) has granted commercial license to PayFast, the indigenous payments solution by APPS, under its rules for Payment System Operators / Providers (PSO/PSP). PayFast enables…

NNR May 26, 2021

PSX

Supernet with partner Avara Technologies win multi-million dollar project in Pakistan

ISLAMABAD: Pakistan based Supernet Limited and their Australian partner Avara Technologies have been awarded a long-term program by a major Pakistani customer for the supply of multiservice multiplexers and associated…

NNR May 25, 2021

PSX

Hatem Mohamad Bamatraf appointed CEO of PTCL in place of Matthew Willsher

KARACHI: Hatem Mohamad Bamatraf has been appointed Chief Executive Officer (CEO) of Pakistan Telecommunication Company Limited (PTCL), in place of Matthew Willsher, a news release said. Pakistan Telecommunication Company (PTCL)…

NNR May 24, 2021

PSX

PSX proposes to address structural imbalances in country’s economic system

“Implementation of these proposals will greatly help in improving the saving rate, encourage investment, increase tax revenue, contribute to economic growth and lower wealth inequality,” MD PSX Farrukh Khan said.…

NNR May 20, 2021

PSX

NRL offers government to develop and implement Tanjeel and Rekodiq reserves in Baluchistan

QUETTA: Balochistan Mineral Exploration Company (BMEC) – a JV of Government of Balochistan (90%) and Government of Pakistan (10%) and the concession holder of EL199 (consisting of Rekodiq & Tanjeel…

NNR May 16, 2021

PSX

Gul Ahmed to spin out its retail business ‘Ideas’ through an IPO

KARACHI: Gul Ahmed Textile Mills Limited is spinning out its retail segment, Ideas, to enable it to be a 100% owned subsidiary. “Gul Ahmed is aiming for its Initial Public…

NNR May 11, 2021

PSX

Pakistan Stock Exchange appoints first woman chairperson, Shamshad Akhtar

KARACHI: For the first time in the 73 year history of Pakistan Stock Exchange (PSX), a woman Chairperson has been elected on the Board of Directors. In the first meeting…

NNR May 5, 2021

PSX

Meezan Bank to advise EXIM Bank on providing Shariah-compliant consulting services

KARACHI: Meezan Bank has recently signed an agreement with Export-Import (EXIM) Bank of Pakistan to act as its consultant for developing Islamic Trade Finance, Takaful Insurance / Guarantee Products and…

NNR May 4, 2021

PSX

Honda Atlas Cars re-appoints CEO and Chairman

KARACHI: Honda Atlas Cars has re-appointed Hironobu Yoshimura as the President and Chief Executive Officer of the company for a period of three years commencing May 02, 2021. The Board…

NNR May 3, 2021