In a robust performance, Murree Brewery Company Limited has recorded a significant 84% increase in its profits for the first nine months of fiscal year 2023-24. The company’s after-tax profit soared to Rs 1.79 billion, up from Rs 973 million in the corresponding period of the previous fiscal year.
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Mari Petroleum Announces First Oil Discovery in Sindh
Karachi, April 22, 2024 – In a significant development for Pakistan’s energy sector, Mari Petroleum Company Limited (MPCL) revealed on Monday that it has discovered oil at the Shawal-1 exploratory well in the Sindh province.
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PTCL Declares Rs 4.79 Billion Loss in 1QCY24
Pakistan Telecommunication Company Limited (PTCL) has reported a substantial loss of Rs 4.79 billion for the first quarter of 2024, according to the financial results released on Thursday. This news comes amidst a challenging economic landscape and evolving market dynamics.
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Mari Petroleum Announces Successful Drilling of Appraisal Well
In a significant development within the energy sector, Mari Petroleum Company Limited (MPCL) proudly declared the triumphant drilling of yet another appraisal well within the Mari Development and Production Lease (D&PL) located in Sindh.
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SECP Registers First Digital Takaful Operator
In a landmark development, the Securities and Exchange Commission of Pakistan (SECP) has ushered in a new era of digitalization in the insurance sector by registering and issuing a license to M/s Salaam Family Takaful Limited as the country’s first-ever digital family takaful operator.
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Bank Alfalah Considers Acquisition Offer from Bank Asia Limited
The Board of Directors of Bank Alfalah Limited has given its in-principle approval to the non-binding indicative offer received from Bank Asia Limited, Dhaka, Bangladesh, to acquire Bank Alfalah’s operations and assets in Bangladesh.
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PSX Observes Unusual Movement in NBP’s Share Price
Karachi, April 10, 2024 – The Pakistan Stock Exchange (PSX) issued a notice to the National Bank of Pakistan (NBP) on Tuesday, concerning the unusual movement of its share price. This development has raised concerns within the financial community and prompted regulatory action.
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Indus Motor Clinches Compliant Taxpayer Award
April 4, 2024, Karachi: Indus Motor Company (IMC) has been awarded the prestigious ‘Compliant Corporate Taxpayer’ accolade by Prime Minister Shahbaz Sharif.
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Engro Strikes Deal for Sale of Thermal Energy Assets
April 04, 2024, Karachi: Engro Energy Limited, a subsidiary of Engro Corporation Limited, has recently inked a significant Share Purchase Agreement (SPA) with Liberty Power Holding (Pvt.) Limited and a consortium, marking the sale of its thermal energy assets portfolio.
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GSK Pakistan’s Gross Margin Declines Amid Economic Challenges, Says Chairperson
Karachi, April 3, 2024 – GlaxoSmithKline (GSK) Pakistan’s Chairperson, Lai Kuen Goh, has disclosed a significant decline in the company’s gross margin by 10 percent, attributing it to the prevailing economic conditions in the country.
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