Islamabad, September 22, 2024 – In a significant move to harness Pakistan’s indigenous energy resources, the Oil and Gas Development Company Limited (OGDCL) has signed a Memorandum of Understanding (MoU) with China’s CCDC to explore shale and tight gas reserves in Pakistan.
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TRG Pakistan Announces Major Restructuring of Afiniti Limited
Karachi, September 20, 2024 — TRG Pakistan Limited announced a significant restructuring of Afiniti Limited, a portfolio company of The Resource Group International Limited (TRGI), on Friday.
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Citi Pharma Becomes Pakistan’s First Nutraceutical Exporter to US
Lahore, September 20, 2024 — In a historic achievement, Citi Pharma Limited has announced its entry into the U.S. market, becoming Pakistan’s first exporter of nutraceutical products to the United States. The announcement, made in a statement on Friday, marks a significant milestone in the country’s pharmaceutical industry.
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National Foods Sees 26.35% Profit Decline Despite Strong Sales
Karachi, September 6, 2024 – National Foods Limited on Friday reported a significant 26.35% decline in net profit for the fiscal year ended June 30, 2024, despite robust sales growth.
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NBP Faces Rs 100 Billion Deposit Hit After TSA Rollout
Karachi, September 2, 2024 – The National Bank of Pakistan (NBP) reported a significant impact on its deposits following the implementation of the Treasury Single Account (TSA), with a recorded effect of Rs 100 billion.
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PSO Registers Staggering 180% Jump in FY24 Profit
Karachi, August 27, 2024 – Pakistan State Oil (PSO) has reported an extraordinary 180% increase in net profit for the fiscal year 2023-24, marking a significant achievement for the country’s leading oil marketing company.
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Nestle Pakistan Fears 2024-25 Taxes to Impact Growth
Karachi, August 23, 2024 – Nestle Pakistan Limited has expressed concerns that the new taxes introduced in the recent federal budget 2024-25 could significantly impact its growth trajectory.
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CCP Moves to Phase II Analysis in PTCL-Telenor Merger
Islamabad, August 20, 2024 – The Competition Commission of Pakistan (CCP) has initiated a Phase II Merger analysis in response to the proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan (Private) Limited.
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OGDCL Launches Tight Gas Production at Sindh’s Nur West Well-1
Karachi, August 12, 2024 – Oil and Gas Development Company Limited (OGDCL), Pakistan’s premier Exploration and Production (E&P) firm, has proudly announced the initiation of tight gas production from its Nur West Well-1 located in Sindh. This marks a significant milestone for the company and the national energy sector.
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Mari Petroleum Achieves Record Annual Earnings in FY24
Karachi, August 8, 2024 – Mari Petroleum Company Limited announced on Thursday that it achieved its highest-ever annual earnings for the fiscal year 2023-24, marking a significant milestone in the company’s history.
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