Karachi, December 3, 2024 – Citi Pharma Limited has announced a landmark partnership with Mersi Farma, a leading pharmaceutical company based in Indonesia, to advance Active Pharmaceutical Ingredient (API) manufacturing and expand the nutraceutical market in Indonesia.
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UBL Board Approves Amalgamation of Silk Bank
KARACHI, December 3, 2024 – In a significant move towards strengthening its market presence, United Bank Limited (UBL) has announced that its board of directors has approved the amalgamation of Silk Bank Limited (SBL) into UBL.
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ACCA Celebrates 120 Years of Excellence and Growth
Karachi, November 30, 2024 – The Association of Chartered Certified Accountants (ACCA) is marking a historic milestone, celebrating 120 years since its establishment on November 30, 1904.
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PPL Discovers Significant Gas Deposits in Sindh
Pakistan Petroleum Limited (PPL), as the operator of the Shah Bandar Block in Sujawal District, Sindh, has made a significant gas and condensate discovery at the Pateji X-1 well. This marks the second discovery in the block, highlighting its hydrocarbon potential.
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DFML Postpones Board Meeting After Malware Attack
Karachi, November 29, 2024 – Dewan Farooque Motors Limited (DFML) announced on Friday the postponement of its scheduled board meeting due to a severe malware attack that compromised its IT infrastructure and corrupted critical data.
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IGI Holdings Alerts PSX About Fraudulent Activities
Karachi, November 29, 2024 – IGI Holdings Limited has informed the Pakistan Stock Exchange (PSX) about unauthorized and fraudulent activities involving its subsidiary, IGI Finex Securities Limited. The company disclosed that fake social media platforms and WhatsApp groups are impersonating its subsidiary, misleading the public under the guise of investment discussions.
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HTL Begins Local Production of ZIC Lubricants
Karachi, November 28, 2024 – HTL Hi-Tech Lubricants Limited (HTL) has announced a significant milestone, commencing local production of high-end synthetic lubricants under its collaboration with South Korea’s SK Enmove Co. Ltd. (SKEN).
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KAPCO Secures Lowest Bid for KE Solar Project
Karachi, November 27, 2024 – Kot Addu Power Company Limited (KAPCO) has achieved a significant milestone by submitting the lowest bid for K-Electric’s (KE) proposed solar power project, furthering Pakistan’s shift towards renewable energy solutions.
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Indus Motor Announces Three-Day Shutdown: PSX Notice
Karachi, November 26, 2024 – Indus Motor Company Limited announced on Tuesday that it will temporarily shut down its operations for three days due to a shortage of raw materials.
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CCP Imposes Penalty on Pharma Firm Over Fake Certification
The Competition Commission of Pakistan (CCP) has imposed a hefty fine of Rs. 20 million on a pharmaceutical company for using fraudulent certification for kidney dialysis machines and referred the matter to the Federal Investigation Agency (FIA) for further investigation.
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