Category: Corporate
Engro Enfrashare signs Rs4.5 billion Islamic financing
KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.5 billion, led by Meezan Bank and Faysal Bank, according to a […]
Gerry’s dnata awarded handling for Gulf Air in Pakistan
KARACHI: Gerry’s dnata, Pakistan’s leading ground services provider, has been awarded a multi-year contract by Gulf Air, the national carrier of the Kingdom of Bahrain. The partnership will see Gerry’s […]
K-Electric profit surges five times
KARACHI: The annual profit of K-Electric, the utility company providing electricity to Karachi city, has surged by five times to Rs12 billion for the year ended June 30, 2021. According […]
Carrefour, McDonald’s introduce new retail experience
KARACHI: Carrefour, owned and operated by Majid Al Futtaim in Pakistan, signed an MoU with McDonald’s Pakistan to introduce a new retail experience to its customers, according to a statement […]
Foodpanda to deliver medicines through pandago
LAHORE: Enhancing the e-commerce avenues, Foodpanda has partnered with Servaid Pharmacy to deliver medicines and other pharmaceutical products via pandago, a rider on demand service. A signing ceremony took place […]
Pak-Qatar Takaful, PakWheels ink pact for auto products
KARACHI: Pak-Qatar General Takaful has signed a Memorandum of Understanding (MoU) with PakWheels.com to promote auto Takaful products to its customers. Mehmood Arshad, Country Head – Marketing Pak-Qatar General Takaful […]
SECP warns against investing in fraudulent schemes
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday warned the general public against investing in any fraudulent investment schemes, which promise hefty profits and unrealistic incentives. The […]
Saigols of KTML disclose availing amnesty scheme
KARACHI: Kohinoor Textile Mills Limited (KTML) on Thursday shared information disclosing that its senior management has avail an amnesty scheme of undeclared foreign assets. A communication sent to Pakistan Stock […]
Engro, BOP make arrangements for agri financing
KARACHI: Engro Fertilizers Limited and The Bank of Punjab (BOP) have made arrangements to provide financing to farmers through the bank’s branch network across Pakistan, a statement said on Thursday. […]
Indus Motors announces 152% growth in annual profit
KARACHI: Indus Motor Company Limited on Friday announced 152 per cent increase in profit after tax for the year 2020/2021. The company declared Rs12.83 billion as profit after tax for […]