Samba Bank Limited to raise Rs5.0 billion through issuance of TFCs
KARACHI: Samba Bank Limited is raising Rs5.0 billion through Term Finance Certificates (TFCs) to meet its Tier-2 capital requirements. “State Bank of Pakistan (SBP) had...
PSX signs agreement with NIFT to launch E-IPO system
KARACHI: Pakistan Stock Exchange (PSX) and National Institutional Facilitation Technologies (NIFT) signed an agreement to collaborate in the development of a new payment and registration...
EPCL’s new PVC plant commences commercial operations
KARACHI: Engro Polymer and Chemicals Limited (EPCL) announced that commercial operation date of the new PVC plant of 100,000 tons capacity has been achieved. Engro...
TPL Properties to develop Sindh’s first technology park in Karachi
KARACHI: TPL Properties Limited, through its wholly owned Subsidiary G-18 (Private) Limited, has acquired a 10,002 square yards plot in Korangi Industrial Area to develop...
Kohat Cement to setup cement manufacturing facility ,coal-fired power plant with a cost of Rs30 billion
KARACHI: Kohat Cement Company Limited has announced setting up of 7,800 – 10,000 tpd Cement Manufacturing Plant along with 8-10 MW Waste Heat Recovery and...
Carrington Textiles forms JV with Sapphire Textiles in Asia, announces growth in Europe
LANCASHIRE: Britain based Carrington Textiles and Sapphire Textile Mills have formed a joint venture in Pakistan under the name of Carrington Textiles International, with new...
Packages Limited to acquire Mitsubishi’s stake in Tri-Pack Films
KARACHI: Packages Limited has expressed intention to acquire Mitsubishi Corporation’s 19.33 percent shareholding in Tri-Pack Films Limited. Mitsubishi Corporation had indicated its intention of selling...
Suleman Lalani appointed Chairman JS Investments’ Board
KARACHI: Board of Directors of JS Investments Limited has appointed Suleman Lalani as Chairman of the Board of the company with affect from February 09,...
K-Electric would recover an additional Rs3.9 billion from consumers
KARACHI: K-Electric Limited would collect an additional Rs3.9 billion from consumers on account of fuel cost adjustment (FCA) for the months of June to December...
SSGC initiates tracing of attachable assets to realize debts and receivables
KARACHI: Sui Southern Gas Company (SSGC) has initiated an exercise for tracing of attachable assets for realization of the debt and outstanding amounts by attachment...
CEO of Bahria Town’s Escorts Investment Bank resigns
KARACHI: Naveed Amin has resigned from the position of Chief Executive Officer (CEO) of Escorts Investment Bank Limited (EIBL), a news release said. Naveed would...
Dynea Pakistan’s new plant commences commercial production
KARACHI, PAKISTAN: Dynea Pakistan Limited has notified the installation of a new moulding compound plant at Gadoon Unit is completed and the plant has commenced...