Pak Suzuki declares huge loss of Rs1.52 billion in first half despite multiple increases in prices

KARACHI: Pak Suzuki Motors (PSMC) has declared massive loss of Rs1.52 billion for the first half ended June 30, 2019 despite multiple increase in prices of vehicles during the period. Read more »

OGDCL announces discovery of oil and gas in Sindh

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Wednesday announced discovery of oil and gas in District Sanghar of Sindh province. Read more »

Hascol, Vitol Dubai enter $42 million financial arrangement

KARACHI: Vitol Dubai Limited (VDL) has agreed to provide financial facility of $42 million to Hascol Petroleum Limited, an announcement said on Monday. Read more »

Oversight Board revokes registration of audit firm

KARACHI: The Audit Oversight Board (AOB) has revoked the registration of an audit firm and thereby stopped it from carrying out audit of public interest companies, a statement said on Wednesday. Read more »

Largest share offering: Hubco raises Rs7 billion through right shares

KARACHI: The largest independent power producer of Pakistan, Hub Power Company Limited (HUBCO) has issued right shares and raised an amount of Rs7 billion from Pakistan Stock Exchange (PSX), a statement said... Read more »

PIA implements business plan to improve financial health

ISLAMABAD: Pakistan International Airlines Corporation (PIAC) has implemented strategic business plan to improve its financial health, according to Economic Survey 2018/2019 launched a day earlier. Read more »

Engro Fertilizers, DFAT train over 4,000 smallholder farmers

LAHORE: Engro Fertilizers Limited, Engro Foundation and the Department of Foreign Aid and Trade (DFAT), Government of Australia have successfully trained more than 4,000 smallholder farmers so far, including 600 women, on... Read more »

OGDCL discovers huge deposits of gas in Sindh

KARACHI: Oil and Gad Development Company Limited (OGDCL) has discovered huge amount of gas at exploratory well Mangrio 01, District Tando Muhammad Khan, Sindh Province. Read more »

Secured transactions registry established in SECP

ISLAMABAD: The function of Secured Transaction Registry (STR) has been established at the Securities and Exchange Commission of Pakistan (SECP). Read more »

Meezan Bank signs payment services pact with PSL

KARACHI: Meezan Bank, leading Islamic bank in Pakistan, has recently joined hands with Port Services Limited (PSL), Sialkot as their exclusive partner for payments & cash management services, a statement said on... Read more »