Karachi, December 18, 2024 – M/s. Pharaon Investment Group Limited (Holding) S.A.L., Lebanon, the parent company of Attock Cement Pakistan Limited, has announced plans to re-evaluate its long-term strategic options regarding its investment in Pakistan’s cement sector. This includes the possibility of selling its stakes in Attock Cement.
(more…)Category: Corporate
Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.
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OGDCL Optimizes Rajian Field, Enhances Oil Output
Karachi, December 16, 2024 – Oil and Gas Development Company Limited (OGDCL) has successfully restored production at a heavy oil well located within its Northern Region field, marking a significant milestone in the company’s efforts to enhance output and operational efficiency.
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IMC Temporarily Suspends Operations for Annual Maintenance
Karachi, December 13, 2024 – Indus Motor Company Limited (IMC) has announced a temporary shutdown of its production facility to conduct its annual maintenance activities. The announcement was made on Friday, with IMC informing the Pakistan Stock Exchange (PSX) about the scheduled maintenance at its manufacturing and assembly plant.
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Symmetry Group to Transform PBA’s Digital Channels
Karachi, December 12, 2024 – The Pakistan Banks Association (PBA) has appointed Symmetry Group Limited to spearhead the transformation of its digital channels, aiming to modernize and enhance its digital presence.
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Chinese Firm Explores JV for Tyre Manufacturing in Pakistan
Karachi, December 10, 2024 – A Chinese company has taken a significant step toward fostering industrial collaboration by exploring a joint venture (JV) to manufacture tyres in Pakistan.
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Engro Corp to Amalgamate With PMCL in Strategic Partnership
Karachi, December 6, 2024 – Engro Corp has announced a significant step toward enhancing its telecommunications portfolio by entering into an amalgamation agreement with Pakistan Mobile Communication Limited (PMCL). This scheme of arrangement, subject to the sanction of the High Court, marks a major milestone in Engro’s strategic initiatives.
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DFML Announces Successful Assembly of Over 100 EVs
Karachi, December 5, 2024 – Dewan Farooque Motors Limited (DFML) has achieved a significant milestone with the successful assembly of over 100 electric vehicles (EVs). This announcement was made through a communication sent to the Pakistan Stock Exchange (PSX) on Thursday.
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PIBT Reports Fire Incident at Terminal, Operations Affected
Karachi, December 5, 2024 – Pakistan International Bulk Terminal Limited (PIBT) has officially disclosed a fire incident that occurred at its terminal, resulting in significant damage to infrastructure. The company shared the update with the Pakistan Stock Exchange (PSX) on Thursday.
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HUBCO Signs Shareholders’ Agreement with MCPL
Karachi, December 5, 2024 – Hub Power Company Limited (HUBCO) has entered into a significant strategic partnership with Mega Conglomerate (Private) Limited (MCPL) by signing a shareholders’ agreement. The development was formally disclosed in a notice to the Pakistan Stock Exchange (PSX).
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Symmetry Group Secures SBP Website Maintenance Contract
Karachi, December 4, 2024 – Symmetry Group Limited has announced its successful bid for the development and maintenance of the State Bank of Pakistan’s (SBP) external website. The contract, spanning five years, was awarded following a competitive process and underscores Symmetry Group’s growing prominence in the digital technology sector.
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