Panther Tyres Limited raises Rs2.63 billion in an over-subscribed bookbuilding

The book building was over-subscribed by 4.4 times with price closing at the Rs. 65.80 per share KARACHI: Panther Tyres Limited successfully raised Rs2.632 billion through a two-day book building,…

NNR January 28, 2021

PSX

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 Exchange (PSX) by Bank Alfalah…

NNR January 28, 2021

PSX

Fauji Foundation conducts due diligence for the acquisition of Silkbank Limited

Owned by armed forces, Fauji Foundation is a Pakistani conglomerates company active in financial services, fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, and security…

NNR January 28, 2021

PSX

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 round, the company announced. Mari…

NNR January 27, 2021

PSX

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 Brent against the tender that…

NNR January 27, 2021

PSX

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 price hike and rainfalls boosted…

NNR July 26, 2019

PSX

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 # 01, which is located in…

NNR July 24, 2019

PSX

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 loss per share (LPS) of…

NNR July 24, 2019

PSX

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 Rs0.44 versus Rs3.44 billion EPS…

NNR July 24, 2019

PSX

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 the fuel requirements of its…

NNR July 23, 2019