Karachi: JS Investments Limited has announced an ambitious buyback program, set to commence on October 21, 2024. According to the details provided, the company plans to repurchase up to 4,630,000 of its ordinary shares, which represent approximately 7...
Read More »Nazir Cotton Mills Limited Forecasts Growth and Efficiency Improvements Under New Management
Karachi: Nazir Cotton Mills Limited has concluded its fiscal year 2023-2024 with a transition to a new management team, which is set to implement innovative strategies aimed at enhancing the company's operational efficiency and future growth prospects...
Read More »Artistic Denim Mills Executive Buys Company Shares Worth Rs. 150.50 Million
Karachi: In a significant financial move, Mr. Muhammad Faisal Ahmed, Chief Executive of Artistic Denim Mills Ltd., has acquired 3.5 million shares of the company, escalating his total shareholding to 76.53 million shares, which represents 91.107% of t...
Read More »Altern Energy Limited Announces Board Meeting for Interim Dividend Declaration
Lahore: Altern Energy Limited has scheduled a board meeting for October 14, 2024, in Lahore to discuss the potential declaration of an interim dividend for the year 2025. The meeting, set at Lahore. Salman Ali, the company secretary, conveyed the de...
Read More »Siemens AG Sells Energy Business to Siemens Gamesa for Rs 17.82 Billion
Karachi: In a significant move within the energy sector, Siemens AG has finalized the sale of its Energy Business Segment to Siemens Gamesa Renewable Energy (Private) Limited. This transaction, approved by Siemens AG's Board of Directors, carries a to...
Read More »EFG Hermes to Issue Shares in Merger with IMS Securities Limited
Karachi: EFG Hermes Pakistan Limited (EFGH) announced the approval of its merger with IMS Securities Limited (IMS) following the sanction of the Scheme of Arrangement by the Honourable High Court of Sindh. According to the disclosure issued by EFG Her...
Read More »Meezan GORP Pension Fund Reports Robust Performance in Shariah Compliant Investments
Karachi: The Meezan GORP Pension Fund (MGOFRPP), which primarily invests in Shariah-compliant stocks and debt instruments, has reported a significant increase in assets for the period ending December 14, 2023. According to information available from...
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