Corporate announcements on Pakistan Stock Exchange (PSX)
KARACHI, PAKISTANI: Pakistan Stock Exchange (PSX) listed The Organic Meat Company Limited (TOML) has received approvals and has been granted registration by Chinese Customs authorities for export of heat treated beef to China, a news release said on Friday. The…
KARACHI: An agreement was signed between Pakistan Stock Exchange (PSX) and 1LINK to launch the new payment and registration system by PSX. This new payment and registration system will support in digitally transforming the Initial Public Offering (IPO) process through…
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 Searle Company has concluded an exclusive licensing and supply agreement with Livzon Mapharm Inc. for…
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. It was the first time PLL invited bids on fixed dollar rates instead of percentage…
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 in the tanker segment. PNSC has already invited bids from international suppliers in this regard,…
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 now in the early stages of its e-commerce life cycle and has a growing middle…
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 ZIC brand products to Afghanistan. “We have widened the scope of HTL’s distribution network beyond…
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 demand of fuel products in summers. The first delivery window is May 20-21 and second…
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 of USD 197mn during Feb’20. On YoY basis, the primary reason behind the decline in…
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 a polyester resin (PET Resin) plant. Ismail Resin intends to setup PET Resin manufacturing plant…
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 and commercial vehicles in Pakistan, a bourse filing said on Friday. This vehicle assembly technical…
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 its commercial operations with effect from March 10, 2021. The said cement production facility is…