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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PRL and Air Link Withdraw Intention to Acquire Shell Pakistan
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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