Karachi, October 13, 2023 – The Pakistan Credit Rating Agency (PACRA) has bestowed an Asset Manager rating of ‘AM2’ (AM-Two) with a stable outlook upon Pak-Qatar Asset Management Company Limited (PQAMC), signifying the company’s dedication to excellence in Islamic fund management.
(more…)Category: Corporate
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Pakistan Reports Total Company Incorporations Reaching 202,892
Islamabad, October 12, 2023 –Securities and Exchange Commission of Pakistan (SECP) has reported that the total number of registered companies in Pakistan has reached 202,892 by the end of September 30, 2023.
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Engro Fertilizers Achieves Record Quarterly Profit of Rs9.6 Billion
Karachi, October 12, 2023 – Engro Fertilizers (EFERT) has reported its financial results for the third quarter of 2023, posting the highest consolidated quarterly profit in its history at Rs9.6 billion.
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TRG Pakistan Calls for Relying on Official Information, Denounces Malicious Campaign
Karachi, October 12, 2023 – TRG Pakistan Limited has issued a strong response to a recent malicious media campaign against the company, emphasizing the need for stakeholders to rely on official information and refrain from being influenced by misleading, false, and defamatory assertions made by its former CEO, Zia Chishti.
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Faysal Bank and State Life Insurance Join Forces for Takaful Operations
Karachi, October 10, 2023 – In a significant move, Faysal Bank Limited (FBL) and State Life Insurance Company (SLIC) have inked a collaboration agreement to provide Takaful operations.
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Engro Polymer Supports Flood-Resilient Housing Solutions in Pakistan
Karachi, October 10: In a proactive move to address the escalating challenges of climate-related disasters, Engro Polymer and Chemicals Limited has taken a significant step by offering support for flood-resilient housing solutions in Pakistan.
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PPL Discloses Successful Outcome of Rigless Production Enhancement Campaign
Karachi, October 6, 2023 – Pakistan Petroleum Limited (PPL), a major player in Pakistan’s energy sector, has unveiled the results of its rigless production enhancement campaign, reaffirming its commitment to bolster the country’s energy security by optimizing domestic hydrocarbon production.
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Bank Alfalah Announces Launch of Exchange Company with Rs 2 Billion Share Capital
Karachi, October 3, 2023 – Bank Alfalah, a leading financial institution in Pakistan, has unveiled plans to establish an exchange company with an authorized share capital of Rs 2 billion.
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OGDCL Announces Remarkable 68% Surge in Profits for FY23
Karachi, September 28, 2023 – In a remarkable financial performance, the Oil and Gas Development Company Limited (OGDCL) has announced a staggering 68 percent growth in net profit for the fiscal year ending June 30, 2023.
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Meezan Bank Decides to Establish Exchange Company
Karachi, September 15, 2023 – Meezan Bank Limited, in a significant strategic move, has announced its intention to establish an Exchange Company.
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