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.
(more…)Category: Corporate
Corporate sector insights covering business strategies, governance, finance, taxation, and regulatory developments shaping company performance.
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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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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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