Shanghai Power allowed extension for public announcement offer to acquire KE shares

KARACHI: Securities and Exchange Commission of Pakistan (SECP) has allowed 90 days extension to Shanghai Power Company to make public announcement of offer to acquire 66.40 percent ordinary shares of K-Electric Limited.... Read more »

SECP registers 1,956 new companies in November

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 1,956 new companies in November 2020, indicating an increase of 41 percent as compared with the same month of the last... Read more »

Agha Steel enlisted as supplier for military projects

KARACHI: Agha Steel Industries on Tuesday announced that Military Engineering Services (MES) of the Pakistan Army has enlisted the company as manufacturer-cum-supplier. In a communication sent to Pakistan Stock Exchange (PSX), the... Read more »

Pak-Qater signs deal to provide online Takaful services to HashMove clients

KARACHI: Pak-Qatar General Takaful (PQGTL) has signed a MoU with HashMove (a global multi-modal logistics platform) to provide online Takaful coverage for cargo (Sea/Air/Warehousing & Land) for businesses in Pakistan. The purpose... Read more »

HUBCO issues Sukuk wroth Rs6bn for capital requirements

KARACHI: The Hubco Power Company Limited (HUBCO) has issued Sukuk worth Rs6 billion for financing the ongoing capital requirement of the company. In a communication sent to Pakistan Stock Exchange (PSX) on... Read more »

SECP extends coronavirus contingency plan for corporate meetings

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has extended the applicability of coronavirus related contingency planning for general meetings of shareholders. In a notification issued on Friday, the SECP extended... Read more »

PIA declares Rs39.85bn loss for nine-month period as revenue declines sharply

KARACHI: Pakistan International Airlines (PIA) has declared net loss of Rs39.85 billion for the nine-month period ended on September 30, 2020, which is mainly attributed to 31 percent decline in total revenue.... Read more »

Gul Ahmed Textile Mills declares 64.35 percent quarterly growth in net profit

KARACHI: Gul Ahmed Textile Mills Limited has announced a massive growth of 64.35 percent profit after tax for the quarter ended September 30, 2020. According to financial result posted on Pakistan Stock... Read more »

UBL makes Rs5.45 billion quarterly provisioning, write-offs

KARACHI: High provisioning and write-offs of Rs5.45 billion has resulted in decline of after tax profit declared by United Bank Limited (UBL) UBL submitted its financial results to Pakistan Stock Exchange (PSX)... Read more »

Ogra imposes penalty of Rs10 million on Hascol Petroleum

KARACHI: Oil and Gas Regulatory Authority (OGRA) has imposed a penalty of Rs10 million and suspended the marketing license of the company for Khyber Pakhtunkhwa. Hascol Petroleum Limited in a communication sent... Read more »