Karachi, April 3, 2024 – Pakistan Refinery Limited (PRL) and Air Link Communication have jointly announced their decision to withdraw their intention to acquire Shell Pakistan, citing failed negotiations with the seller.
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Unilever Pakistan Anticipates Challenges Ahead
Karachi, March 26, 2024 – Unilever Pakistan Foods Limited, in its latest report released on Tuesday, has underscored the daunting economic and operational hurdles expected in the near term.
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SECP Clarifies Reporting Requirements for Shareholding Changes
Islamabad, March 25, 2024 – The Securities and Exchange Commission of Pakistan (SECP) has issued a crucial clarification concerning the reporting procedures for changes in shareholding among non-listed companies.
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EPCL Empowers Women in Forklift Training Program
Karachi, March 13, 2024 – Engro Polymer & Chemicals Limited (EPCL), a subsidiary of Engro Corporation, in collaboration with Engro Foundation, has joined hands with Descon Technical Institute to pioneer a groundbreaking forklift training program exclusively for women in Pakistan.
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Unilever Pakistan Reports Record Profit of Rs 9.74 Billion for CY23
Karachi, March 5, 2024 – Unilever Pakistan Foods Limited has announced a significant surge in its profit after tax (PAT), reaching an impressive Rs 9.74 billion for the calendar year ending December 31, 2023.
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TRG Pakistan Declares Massive Rs 11.47 Billion Loss in 1HFY24
Karachi, March 1, 2024 – TRG Pakistan Limited, a leading player in the technology and business process outsourcing industry, has reported a staggering loss of Rs 11.47 billion for the first half (July – December) of the fiscal year 2023-24.
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Bank Alfalah Allocates Rs 3.6 Billion Amid Windfall Tax Challenge
Karachi, February 28, 2024 – Bank Alfalah, one of Pakistan’s prominent banking institutions, has set aside a substantial sum of Rs 3.6 billion as a precautionary measure in anticipation of potential windfall tax payments.
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Pakistan Stock Exchange Registers 221% Profit Jump in 1HFY24
Karachi, February 28, 2024 – In a surprising turn of events, the Pakistan Stock Exchange (PSX) announced a remarkable 221 percent surge in net profit for the first half (July – December) of fiscal year 2023-24, according to the unconsolidated financial statement released on Wednesday.
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Circular Debt and High-Interest Rates Pose Challenges for PSO
Karachi, February 28, 2024 – Pakistan State Oil (PSO) is grappling with formidable challenges as circular debt and soaring interest rates have substantially increased financial costs, according to a report unveiled on Wednesday.
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OGDCL Reports Robust 30% Profit Growth in 1HFY24
Karachi, February 27, 2024 – The Oil and Development Company Limited (OGDCL) has delivered an impressive financial performance, announcing a significant 30% growth in net profit for the first half of fiscal year 2023-24.
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