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 infrastructure institution of Pakistan’s capital…

NNR March 8, 2021

PSX

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 granted its final approval to…

NNR March 3, 2021

PSX

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 system by PSX. PSX takes…

NNR March 2, 2021

PSX

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 Polymer and Chemicals Ltd (EPCL)…

NNR March 1, 2021

PSX

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 state-of-art, first ever technology park…

NNR February 22, 2021

PSX

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 25MW Coal Fired Power Plants…

NNR February 17, 2021

PSX

Carrington Textiles forms JV with Sapphire Textiles in Asia, announces growth in Europe

This new venture with Sapphire Textile Mills will increase the company’s capacity to 130 million square metres a year. LANCASHIRE: Britain based Carrington Textiles and Sapphire Textile Mills have formed…

NNR February 15, 2021

PSX

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 its entire 19.33 percent shareholding…

NNR February 12, 2021

PSX

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, 2021, in place of Kamran…

NNR February 12, 2021

PSX

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 2020. Recovery of these outstanding…

NNR February 9, 2021

PSX

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 and auction proceedings. SSGC, through…

NNR February 9, 2021

PSX

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 continue to serve as Director…

NNR February 8, 2021