Business & Finance News

Karachi: The Board of Directors of Sazgar Engineering Works Limited has appointed M/S Crowe Hussain Chaudhury and Co., Chartered Accountants, as the company's new external auditors, effective June 29, 2024. This decision comes after the previous audit...

Karachi: The Board of Directors of Hascol Petroleum Limited disclosed substantial financial losses in the annual accounts for the year ended December 31, 2023. The results, announced in a meeting held at the corporate office on June 28, 2024, highligh...

Karachi: The sale of Regent Plaza Hotel by Pakistan Hotels Developers Limited ("the Company") to SIUT Trust has progressed significantly, with all necessary approvals obtained and a majority of the payment completed. The title transfer of the property...

Karachi: Pakistan: MCB Investment Management Limited, the management company of the Alhamra Daily Dividend Fund (ALHDDF), announced a dividend distribution for its investors. The announcement was made on behalf of the Board of Directors by the Chief E...

Karachi: The interim cash dividend for the fiscal year ending June 28, 2024, was credited electronically into the designated bank accounts of the shareholders of ABL-FUNDS ABL SSP - Plan II on July 1, 2024. According to information available from the ...

Karachi: Wilmar Pakistan Holdings Pte. Ltd., in collaboration with Unity Wilmar Agro (Private) Limited, Mr. Muhammad Farrukh, and Ms. Fehmida Amin, successfully completed a public offer to acquire a 23.20% stake in Unity Foods Limited. The acquisition...

Lahore: The Board of Directors of Punjab Modaraba Services, the management company for First Punjab Modaraba, has released its unaudited financial statements for the period ending March 31, 2024. The report highlights a notable improvement in performa...