Karachi, June 28, 2024 – Pakistan Telecommunication Company Limited (PTCL) has secured a $400 million loan from the International Finance Corporation (IFC). In a communication shared with the Pakistan Stock Exchange (PSX) on Friday, PTCL announced that the IFC Board of Directors has approved the debt financing to support PTCL’s acquisition of Telenor Pakistan and Orion Towers (Private) Limited.
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Honda Cars Pakistan Announces 800% Annual Profit Growth
Karachi (PkRevenue.com) – In a remarkable financial performance, Honda Atlas Cars Pakistan has reported an extraordinary 800 percent surge in annual profit for the fiscal year ended March 2024.
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TPL Trakker Announces Partnership with UAE Gargash Group
Karachi, May 24, 2024 – TPL Trakker Limited announced on Friday that its Board of Directors has authorized a fresh equity injection into its associated company, Trakker Middle East Limited (TME), and approved a binding agreement with the UAE-based Gargash Group.
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Jazz Posts 19.2% Revenue Increase in 1Q24
Islamabad, May 21, 2024 – After enduring eight consecutive quarters of negative USD revenue growth, Jazz, one of Pakistan’s leading digital operators, has reported a remarkable 19.2% revenue increase in USD for the first quarter of 2024 (1Q24).
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Zong 4G and MEPCO Forge Strategic Partnership
Islamabad, May 15, 2024 – Zong 4G, Pakistan’s premier telecom operator, has joined forces with Multan Electric Power Company (MEPCO) to elevate business communication services and address the telecommunications needs of one of Pakistan’s largest power distribution entities.
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Meezan Bank and Roche Pakistan Partner Against Breast Cancer
Karachi, May 9, 2024 – Meezan Bank, Pakistan’s leading Islamic financial institution, has announced a landmark partnership with Roche Pakistan, a subsidiary of the global biotechnology giant, to combat breast cancer, a leading health challenge in the country.
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Toyota Motor Reports Record Earnings of 4.94 Trillion Yen
Toyota Motor Corporation announced a historic milestone, reporting a record net profit of 4.94 trillion yen (approximately $31.82 billion USD) for the fiscal year 2023, ending in March.
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PTCL Battles Extensive Tax Contingencies into 2024
Karachi, May 7, 2024 – Pakistan Telecommunication Company Limited (PTCL) has unveiled a comprehensive report on its tax contingencies for the fiscal year ending December 31, 2023.
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Citi Pharma Announces China-Based JV for API Expansion
Citi Pharma Limited, a key player in Pakistan’s pharmaceutical sector, has announced a significant joint venture (JV) with Hangzhou Newsea Technology Co. Ltd, aiming to bolster its Active Pharmaceutical Ingredients (API) manufacturing capabilities.
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Engro and DH Corp Boards Greenlight Major Restructuring Plan
In a significant move on May 3, 2024, the boards of Engro Corporation Limited (Engro Corp) and DH Corporation Limited (DH Corp) approved a restructuring plan involving, aiming to optimize capital allocation and enhance shareholder returns.
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