Sep 27

Indus Motors to increase car prices to pass cost impact

KARACHI: Indus Motors, the maker of Toyota cars in Pakistan, is likely to increase prices to pass on the cost impact to consumers. The company management said in corporate briefing session on Tuesday. READ MORE: PSMC offers free WagonR registration amid sales slump Regarding car prices, management informed that company has to increase price to […]

by Faisal Shah

PQAMCL gets approval to launch investment schemes

Sep 22

Corporate

PQAMCL gets approval to launch investment schemes

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMCL) has announced to get approval for the launch of Shariah Compliant Collective Investment Schemes (Mutual Funds). In a statement PQAMCL said that the Securities and Exchange Commission of Pakistan (SECP) had accorded approval for the launch of the scheme. PQAMCL is going for Initial Public Offering (IPO) of […]

by Faisal Shah

Murree Brewery annual tax payment increases 139%

Sep 22

Corporate

Murree Brewery annual tax payment increases 139%

Murree Brewery Company Limited – Pakistan’s largest and oldest producer of alcoholic products – on Thursday announced financial results for the year ended June 30, 2022. The annual profit of the company remained flat at Rs1.29 billion as tax payment surged by 139 per cent. According to financial statement submitted to the Pakistan Stock Exchange […]

by Faisal Shah

Sep 22

Corporate, Stock & Commodity

PSX declares 43% fall in annual profit

Pakistan Stock Exchange (PSX) on Thursday announced a decline of 43 per cent in profit for year ended June 30, 2022. According to financial results for the year 2021/2022 released by the stock exchange, PSX declared a net profit of Rs399 million for the year ended June 30, 2022 as compared with Rs396 million in […]

by Faisal Shah

National Foods donates PKR 60 million for flood relief activities

Sep 21

Corporate, National

National Foods donates PKR 60 million for flood relief activities

KARACHI: ATC Holdings and its subsidiary National Foods Limited have announced to donate PKR 55 million for flood relief activities. Additionally, the group has created a dedicated account for employee contribution, leading to additional collection of PKR 8 million so far, taking the tally to over PKR 60 million. “Pakistan contains more glacial ice than […]

by Hamza Shah

Amreli Steels extends shutdown of production plants

Sep 19

Corporate

Amreli Steels extends shutdown of production plants

KARACHI: Amreli Steels Limited on Monday announced to continue its shutdown of production plants up to September 30, 2022. “The company will resume its production from October 01, 2022,” according to a communication received by the Pakistan Stock Exchange (PSX). It further said that the company had sufficient stocks in hand to meet its customers’ […]

by Faisal Shah

GSK confirms raid related to Panadol shortage

Sep 16

Corporate, National

GSK confirms raid related to Panadol shortage

KARACHI: GlaxoSmithKline (GSK) on Friday confirmed that government authorities raided one of its warehouses related to shortage of Panadol. According to information received by Pakistan Stock Exchange (PSX), the company confirmed the raid to one of its warehouses. “We firmly reject the claims related to the hoarding of Panadol intentionally to create shortage,” said Farhan […]

by Faisal Shah

Lucky Cement installs 25.3 MW solar energy plant at Karachi

Sep 14

Corporate, Energy

Lucky Cement installs 25.3 MW solar energy plant at Karachi

KARACHI: Lucky Cement Limited on Wednesday announced a signing of an agreement for installation of a 25.3 megawatts captive solar power project at an estimated cost of Rs3 billion. In a communication sent to Pakistan Stock Exchange (PSX), Lucky Cement informed that it had entered into an arrangement with Orient Energy System (Private) Limited for […]

by Faisal Shah

ekaterra donates 100 tons of tea to flood victims

Sep 13

Corporate, National

ekaterra donates 100 tons of tea to flood victims

ISLAMABAD: ekaterra, world renowned company, has donated 100 tons of tea to one million families displaced by the devastating floods, according to a statement issued on Tuesday. As part of the national plan of providing maximum relief to over 33 million flood-affected people across Pakistan, the company pledged to donate 100 tons of tea to […]

by Hamza Shah

Sep 12

Corporate, Stock & Commodity

PSX announces top 25 companies for year 2021

KARACHI: Pakistan Stock Exchange (PSX) on Monday announced top 25 Companies Award for the year 2021. In a statement the stock exchange said that every year, the PSX announces the names of the twenty-five (25) leading, publicly traded companies which have been adjudged in accordance with a comprehensive Selection Criteria approved by the PSX Board […]

by Faisal Shah