Karachi, August 7, 2024 – MCB Bank has announced a record-breaking profit before tax (PBT) for the first half of 2024, reaching Rs 62.7 billion, a 16% increase from the previous year.
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UBL Reports Robust 2Q2024 Earnings Growth
KARACHI, July 31, 2024 – United Bank Limited (UBL) posted impressive consolidated earnings of Rs12.1 per share for the second quarter of 2024 (2Q2024), marking a 17% year-on-year (YoY) increase, although reflecting a 7% quarter-on-quarter (QoQ) decline. The results were in line with market expectations.
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SECP Registers 27,542 New Companies in Fiscal Year 2023-24
Islamabad, July 27, 2024 – The Securities and Exchange Commission of Pakistan (SECP) registered 27,542 new companies during the fiscal year 2023-24, bringing the total number of SECP-registered companies to 222,697, according to an official statement.
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Honda Cars Pakistan Exhibits 40% Quarterly Profit Growth
Karachi, July 24, 2024 – Honda Atlas Cars Pakistan Limited announced a remarkable financial performance for the first quarter ended June 30, 2024, reporting a 40% increase in profit.
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DG Khan Cement Expands Horizons with New Subsidiary in USA
Karachi, July 19, 2024 – DG Khan Cement Company Limited, a leading name in Pakistan’s cement industry, has announced plans to establish a subsidiary in the United States. The decision was communicated to the Pakistan Stock Exchange (PSX) on Friday.
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Pakistan Oilfields Strikes Black Gold in Jhandial-03 Well
Karachi, July 15, 2024 – Pakistan Oilfields Limited (POL), a leading oil and gas exploration company, has announced a significant discovery of hydrocarbon reserves at its Jhandial-03 well located in Attock district. This promising development comes after drilling commenced in October 2023.
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UBL Completes Sale of UNBL UK Stake
Karachi, July 5, 2024 – United Bank Limited (UBL) has successfully concluded the sale of its entire shareholding in United National Bank Limited (UNBL) UK, marking a strategic shift aimed at enhancing its financial position and shareholder returns.
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Pakistan Petroleum Announces Gas Discovery at Khairpur in Sindh
Karachi, July 2, 2024 – Pakistan Petroleum Limited (PPL) has reported a significant gas discovery in Khairpur District, Sindh Province, with the successful exploration of the Tor-1 well in the Latif Block.
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Mari Petroleum Announces Successful Drilling in Sindh
Karachi, July 2, 2024 – Mari Petroleum Company Limited has announced the successful drilling of an appraisal well in the Ghazij Formation, Sindh. This achievement marks a significant milestone in the company’s exploration efforts.
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Citi Pharma Pakistan Inks Supply Agreement with Indian Company
Karachi, July 2, 2024 – Citi Pharma Limited Pakistan has announced a landmark agreement with Murli Krishna Pharma Private Limited, an Indian company. The partnership, revealed on Tuesday, aims to enhance the pharmaceutical landscape in Pakistan through the supply of high-quality Active Pharmaceutical Ingredients (APIs) and products.
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