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Posted inPSX

U Bank and Bank Alfalah join hands to boost microfinance in Pakistan

KARACHI: In a bid to strengthen the microfinance sector in Pakistan and promote financial inclusion, U Microfinance Bank (U Bank) and Bank Alfalah Limited have entered into a strategic partnership…
Posted by NNR December 19, 2023
Posted inMore PSX

Pakistan’s internet shutdown sparks controversy and criticism

Country’s telecom authority, the Pakistan Telecommunication Authority (PTA), has reportedly launched an investigation into the alleged internet shutdown that occurred on Sunday, ahead of a virtual meeting of the opposition…
Posted by NNR December 18, 2023
Posted inPSX

Pakistan’s auto assembling sector shines despite import woes

KARACHI: Pakistan’s auto assembling sector has been in the spotlight at the Pakistan Stock Exchange (PSX) outperforming the KSE 100 Index by 12% since Pak Suzuki (PSMC) announced its voluntary…
Posted by NNR November 22, 2023
Posted inPSX

UBL to set up exchange company and sell UK subsidiary

KARACHI, UK: United Bank Limited (UBL) has announced its plans to establish an exchange company with a paid-up capital of PKR 1.0 billion, subject to approval by the State Bank…
Posted by NNR September 12, 2023
Posted inPSX

Zyp Technologies to revolutionize transportation with electric motorcycles amid soaring petrol prices in Pakistan

KARACHI: As Pakistan grapples with skyrocketing petrol prices, a glimmer of hope has emerged on the horizon with the announcement of a groundbreaking initiative by a new start-up company. Zyp…
Posted by NNR September 12, 2023
Posted inPSX

Automobile sales roar back to life in August 2023, surging 49%

KARACHI: Pakistan’s automobile industry experienced a significant surge in sales during the month of August 2023, with a staggering 7.6K units sold. This surge, representing a 49% month-on-month (MoM) increase,…
Posted by NNR September 11, 2023
Posted inPSX

Indus Motor plans to introduce locally assembled Toyota hybrid cars in 4-6 months

KARACHI: Indus Motor Company, the producer of Toyoto cars, announced that its Hybrid facility is under construction and it plans to launch the HEV car in the next four to…
Posted by NNR September 5, 2023
Posted inPSX

OGDCL deploy production optimization initiatives, achieves major boost from Siab-1 Well

KARACHI, PAKISTAN: The Oil & Gas Development Company Limited (OGDCL) has achieved a major boost in its hydrocarbon production from the Siab-1 well, located in the Baratai Block of Kohat…
Posted by NNR August 30, 2023
Posted inPSX

Pakistan blocks 120 loan apps from Google Play and Apple stores

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), the regulator of the non-banking finance sector, has taken strict action against illegal loan apps that were operating without its approval…
Posted by NNR August 17, 2023
Posted inPSX

Summit Bank Limited changes name to Bank Makramah Limited

KARACHI, PAKISTAN: Summit Bank Limited announced that the State Bank of Pakistan has granted its consent to change Summit Bank’s name to Bank Makramah Limited (abbreviated as BML). This will…
Posted by NNR July 18, 2023
Posted inPSX

Divestment of Shell Pakistan by parent company may value around US$140mn

KARACHI, PAKISTAN: Shell Pakistan Limited (SHEL) is set to be sold by its parent company, Shell Global. The announcement was made in a notice to the Pakistan Stock Exchange (PSX).…
Posted by NNR June 15, 2023
Posted inPSX

Pakistan’s petroleum sales plunge by 40% YoY in May 2023

The sales of petroleum products in Pakistan witnessed a sharp decline of 40% year-on-year (YoY) in May 2023, reaching 1.30 million tons, according to the latest data released by the…
Posted by NNR June 2, 2023

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All news and articles on NewsnReleases are based on press releases, corporate announcements and analysts’ reports issued to London Stock Exchange (LSE), Euronext, Singapore Exchange (SGX), Japan Stock Exchange (JPX), Dubai Financial Market (DFM), Saudi Stock Exchange (Tadawul), Qatar Stock Exchange (QSE), BSEIndia, Australia Stock Exchange etc.

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