Business & Finance News

Karachi, Faysal Asset Management Limited has announced an interim payout for its Faysal Special Savings Fund for the fiscal year ending June 30, 2024. The Chief Executive Officer, with powers conferred by the Board, has sanctioned distributions for th...

Karachi, Mughal Energy Limited has successfully utilized its initial offer shares fund in compliance with its obligations under the listing requirements of the GEM Board of Pakistan Stock Exchange Limited. The update follows a directive in a letter re...

Islamabad, Gharibwal Cement Limited has announced the successful completion of a 12-megawatt solar power plant at its Ismailwal site in District Chakwal, aiming to cut power costs. According to the details provided on June 28, 2024, the newly instal...

Karachi, MCB Investment Management Limited has declared an interim dividend for holders of its ALHAMRA SMART PORTFOLIO units. The announcement, made by the Chief Executive Officer on behalf of the Board of Directors, specifies a dividend payout of Rs....

Karachi, In response to an inquiry from the Pakistan Stock Exchange (PSX) regarding unusual trading activity, Askari Bank Limited disclosed that it has no knowledge of any events or developments that could have caused the recent surge in its trading v...

Lahore, Hi-Tech Lubricants Limited (HTL) has entered a significant partnership by signing a Memorandum of Understanding (MOU) on June 27, 2024, with SK Enmove Co. Ltd. (SKEN), a leader in the Korean lubricant market. This agreement aims to procure spe...

Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the credit rating of Pakistan Aluminum Beverage Cans Limited (PABC) to "AA-" for long term and "A1" for short term, both with a stable outlook as of June 27, 2024. This upgrade fr...