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 commercial production. The Board…

NNR February 8, 2021

PSX

Ghandhara Nissan to manufacture Chery cars/SUVs in Pakistan

KARACHI: Ghandhara Nissan Limited has entered into formal arrangements with Chery International Corporation - Wuhu, China for manufacturing and distribution of Chery passenger cars (SUVs/ Crossovers) in Pakistan. Ghandhara Nissan…

NNR February 5, 2021

PSX

AGP Limited led SPV to acquire product portfolio of Sandoz

KARACHI: AGP Limited, along with its parent Aitkenstuart Pakistan, has formed a special purpose vehicle (SPV), to acquire a select product portfolio of Sandoz AG. “The Board of Directors has…

NNR February 4, 2021

PSX

K-Electric committed to keeping industries powered up

KARACHI: Following the Federal Cabinet’s approval of moratorium on gas supply to industrial units for self-generation of electricity, K-Electric (KE) continues to remain fully committed to facilitating Karachi’s industrial customers…

NNR February 4, 2021

PSX

Vitol Bahrain to supply Pakistan with two LNG cargoes in April

ISLAMABAD: Vitol Bahrain has offered the lowest rates for supply of two sport cargoes tendered by Pakistan LNG Terminal for delivery in April 2021. Pakistan LNG Limited (PLL) has received…

NNR February 4, 2021

PSX

Agha Steel to install 2.25 megawatt Solar captive power plant

KARACHI: Agha Steel Industries, a leading Steel rebar manufacturing company has signed a contract with Renewable Power Pvt. Ltd. for installing a 2.25 Megawatt solar power project at its production facility…

NNR February 3, 2021

PSX

OGDCL reports hydrocarbon discovery in Sindh

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) as operator (95%) and Government Holdings (Pvt) Limited (5%) has discovered gas & condensate from its exploratory well Sial-1, which is located…

NNR February 2, 2021

PSX

PSX holds Ceremony for onboarding of Meezan Bank as market maker

KARACHI: A Gong Ceremony was held at Pakistan Stock Exchange (PSX) to welcome Meezan Bank Limited on-board as a Market Maker for Shariah-compliant debt securities on PSX. An agreement was…

NNR February 1, 2021

PSX

Bank Alfalah and Beaconhouse Group sign MoU for personal loan financing solutions

LAHORE: Bank Alfalah and The Beaconhouse Group – one of Pakistan’s largest private school networks - have signed a memorandum of understanding (MoU) to facilitate personal loan financing solutions for…

NNR February 1, 2021

PSX

Waves Singer Pakistan to acquire 96.6% stake in Heavy Electrical Complex

KARACHI: The Board of Directors of Waves Singer Pakistan Limited (WSPL) have approved submission of an Expression of Interest (EOI) for the acquisition of 96.6 percent shares in Heavy Electrical…

NNR February 1, 2021

PSX

Pakistan State Oil (PSO) issues tender for supply of LNG, motor gasoline cargoes

Analysts anticipate higher demand of fuel products owing to increasing import-export activities, higher vehicle sales, and demand from the power sector. KARACHI: Pakistan State Oil (PSO) has invited bids for…

NNR January 30, 2021

PSX

Agreement signed for onboarding of MRA Securities as market maker of ETFs

KARACHI: In a very positive development for Pakistan’s capital market, an agreement has been signed between Pakistan Stock Exchange (PSX) and MRA Securities Limited (MRA) for on-boarding of MRA as…

NNR January 29, 2021