PSX lists first shelf registered instrument issued by Bank Alfalah
KARACHI: In a very encouraging development for the debt market of Pakistan, an innovative, new debt instrument has been issued and listed on Pakistan Stock...
Fauji Foundation conducts due diligence for the acquisition of Silkbank Limited
KARACHI: Silkbank Limited has agreed to allow Fauji foundation to conduct due diligence and evaluate the bank, as the Fauji Foundation intends to acquire Silkbank...
Mari Petroleum announces provisional award of 4 exploration blocks
KARACHI: Directorate General of Petroleum Concessions (DGPC) has provisionally awarded four new exploration blocks to Mari Petroleum Company Limited (MPCL) in the latest block bidding...
PLL gets considerably lower LNG supply offers retendered for March
KARACHI: Pakistan LNG Limited (PLL) received considerably lower bids for three LNG cargoes for March in the range of 12.7 percent to 13.6 percent of...
Pakistan’s overall urea sales grow 5pc to 2.87 million tons
KARACHI: Urea sales grew five percent year-on-year to 2.87 million tons in the last six months as buyers rushed to pile up stocks ahead of...
OGDC makes oil and gas discovery in Sindh
KARACHI, PAKISTAN: Oil & Gas Development Company Limited (OGDCL), operator of Bitrism Block has announced oil and gas discovery from its exploratory well Pandhi #...
Pak Suzuki posts loss in 2Q 2019
KARACHI: Pak Suzuki Motor Company (PSMC) announced its 2QCY19 ended June 30, 2019 financial results wherein the company booked net loss of Rs545 million translating into...
Habib bank posts 78% decline in profits
KARACHI: Habib Bank Limited (HBL) unveiled its 2QCY19 ended June 30, 2019 consolidated net earnings at Rs750 million translating into earning per share (EPS) of...
Abraaj Group’s K-Electric seeks 150 mmcfd RLNG for its power plants
KARACHI: Abraaj Group’s K-Electric Limited (KE) is considering the procurement of 150 mmcfd of re-gasified liquefied natural gas (RLNG), in the initial phase, to meet...