Karachi, July 19, 2024 – DG Khan Cement Company Limited, a leading name in Pakistan’s cement industry, has announced plans to establish a subsidiary in the United States. The decision was communicated to the Pakistan Stock Exchange (PSX) on Friday.
(more…)Category: Corporate
Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.
-
Pakistan Oilfields Strikes Black Gold in Jhandial-03 Well
Karachi, July 15, 2024 – Pakistan Oilfields Limited (POL), a leading oil and gas exploration company, has announced a significant discovery of hydrocarbon reserves at its Jhandial-03 well located in Attock district. This promising development comes after drilling commenced in October 2023.
(more…) -
UBL Completes Sale of UNBL UK Stake
Karachi, July 5, 2024 – United Bank Limited (UBL) has successfully concluded the sale of its entire shareholding in United National Bank Limited (UNBL) UK, marking a strategic shift aimed at enhancing its financial position and shareholder returns.
(more…) -
Pakistan Petroleum Announces Gas Discovery at Khairpur in Sindh
Karachi, July 2, 2024 – Pakistan Petroleum Limited (PPL) has reported a significant gas discovery in Khairpur District, Sindh Province, with the successful exploration of the Tor-1 well in the Latif Block.
(more…) -
Mari Petroleum Announces Successful Drilling in Sindh
Karachi, July 2, 2024 – Mari Petroleum Company Limited has announced the successful drilling of an appraisal well in the Ghazij Formation, Sindh. This achievement marks a significant milestone in the company’s exploration efforts.
(more…) -
Citi Pharma Pakistan Inks Supply Agreement with Indian Company
Karachi, July 2, 2024 – Citi Pharma Limited Pakistan has announced a landmark agreement with Murli Krishna Pharma Private Limited, an Indian company. The partnership, revealed on Tuesday, aims to enhance the pharmaceutical landscape in Pakistan through the supply of high-quality Active Pharmaceutical Ingredients (APIs) and products.
(more…) -
OGDCL Announces Production Optimization of Naspha-4 Well
Karachi, July 1, 2024 – The Oil and Gas Development Company Limited (OGDCL) announced on Monday the successful revitalization of the Naspha-4 well. This achievement underscores the company’s ongoing efforts to enhance its production capabilities and optimize resource extraction.
(more…) -
PTCL Secures $400 Million Loan from IFC for Strategic Acquisition
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.
(more…) -
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.
(more…) -
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.
(more…)