Business & Finance » Companies

Money & Banking

UBL submits merger offer to Silkbank

KARACHI: The United Bank Limited (UBL) has formally submitted an offer to Silkbank Limited for the amalgamation of...

Published 02 Nov, 2024 06:15am

Companies

Siemens AG acquires additional stake in Pakistan’s subsidiary for Rs1.7bn

Siemens AG, a German multinational technology conglomerate, has acquired an additional stake in Siemens (Pakistan)...

Published 01 Nov, 2024 04:38pm

Companies

UBL submits merger offer to Silkbank

Proposes share swap for amalgamation

Updated 01 Nov, 2024 11:01pm

Companies

Closing transaction for Telenor’s sale to PTCL likely now early 2025

ISLAMABAD: The closing transaction for the sale of Telenor Pakistan to Pakistan Telecommunications Company Ltd ...

Published 01 Nov, 2024 08:12am

Companies

Lahore and Riyadh: Fly Jinnah expands its international network with new flights

KARACHI: Fly Jinnah, Pakistan’s low-cost carrier, announces the expansion of its international network with the...

Published 01 Nov, 2024 08:06am

Energy

Share capital of Shell Pakistan: Proposed name ‘Wafi Energy Pakistan Ltd’ approved

KARACHI: After the completion of acquisition of 87.78 percent of the total issued share capital of Shell Pakistan...

Published 01 Nov, 2024 07:44am

Companies

Temu to be investigated by EU tech regulators over sale of illegal products

BRUSSELS: Chinese online retailer Temu will be investigated over whether it may have breached rules aimed at...

Published 31 Oct, 2024 06:35pm

Companies

Samsung Q3 operating profits soar to $6.6bn, miss forecast

SEOUL: South Korea’s Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to...

Published 01 Nov, 2024 06:51am

Companies

Siemens’ $10.6 billion Altair deal strengthens its industrial software offering

Siemens is to buy U.S. engineering software firm Altair Engineering for $10.6 billion, strengthening its position in...

Published 31 Oct, 2024 06:05pm

Industry

Shell Pakistan Limited to become Wafi Energy Pakistan Limited

The Board of Directors (BoD) of Shell Pakistan Limited (SHEL) has approved changing the company’s name to the...

Updated 31 Oct, 2024 06:55pm

Companies

Riyadh Air plans wide-body jet order next year: official

RIYADH: Saudi Arabia’s new national airline, Riyadh Air, plans next year to order wide-body aircraft capable of...

Published 31 Oct, 2024 01:42pm

Industry

PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer

Process of PIA bidding concludes with just one sole bid
Ball now in PC and cabinet's court

Updated 01 Nov, 2024 09:55am

Industry

HUBCO plans to install EV charging network across Pakistan

Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), is in the process of...

Updated 31 Oct, 2024 09:37pm

Companies

Bank Makramah to secure Rs5bn advance from Lootah

KARACHI: Bank Makramah Limited and Abdulla Nasser Abdulla Hussain Lootah have entered into an agreement, subject to...

Published 31 Oct, 2024 06:18am

Money & Banking

BOP announces remarkable growth of 58pc in PBT in 9M24

LAHORE: The Board of Directors of The Bank of Punjab convened on Wednesday, to review and approve the unaudited...

Updated 31 Oct, 2024 07:29am

Energy

KE, SBP collaborate to enable seamless bill payments via Raast

KARACHI: Accelerating the digitisation of payments, the State Bank of Pakistan (SBP) and K-Electric (KE) have made a...

Published 31 Oct, 2024 07:31am

Companies

Unity Foods CEO Farrukh Amin to speak at TFS 8th Edition 2024

KARACHI: Farrukh Amin, Chief Executive Officer, Unity Foods Limited, will join distinguished national &...

Published 31 Oct, 2024 07:36am

Companies

DWP Group secures prestigious accolades

LAHORE: DWP Technologies, a division of Pakistan’s leading business conglomerate, DWP Group, has secured two...

Updated 31 Oct, 2024 12:23pm

Companies

Toyota worldwide output drops for 8th straight month in September

TOKYO: Toyota Motor said on Wednesday its worldwide production fell for an eighth straight month in September, as...

Published 30 Oct, 2024 10:52am

Companies

Samsung collaborates with HMR Group to provide complete air solution

Samsung’s cutting-edge innovations in design and technology have gained accolades around the world and its air...

Published 30 Oct, 2024 10:35pm

Companies

IMC exhibits Toyota Corolla Cross at Pakistan Auto Show (PAPS) 2024

Indus Motor Company (IMC) proudly participated as the Diamond Sponsor of the 2024 Pakistan Auto Show (PAPS), being...

Published 30 Oct, 2024 10:40am

Business & Economy

Real estate developer Blue World City cleared to bid for PIA, company chairman says

KARACHI: A Pakistani real estate development company said on Wednesday it had completed requirements to enter the...

Updated 30 Oct, 2024 10:02pm

Companies

First Aramco-branded retail station launched

KARACHI: Aramco unveiled its first fuel retail station in Pakistan on Tuesday. It follows Aramco’s acquisition ...

Published 30 Oct, 2024 06:32am

Companies

Pakistan Cables expands ‘ASCEND’ Programme

KARACHI: Pakistan Cables announced partnering with two leading engineering universities of Pakistan for a second...

Published 30 Oct, 2024 06:32am

Companies

LCI announces results for quarter ended Sep 30, 2024

KARACHI: Following the meeting of the Board of Directors, Lucky Core Industries Limited (the ‘Company’) ...

Published 30 Oct, 2024 06:32am

Companies

LCCI, PITB sign MoU to set up job-matching platform

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and the Punjab Information Technology Board (PITB) on...

Published 30 Oct, 2024 06:58am

Companies

Engro Corp reports solid 9-month results

KARACHI: Engro Corporation’s revenue from continued operations grew by 12 percent to Rs. 279 billion, compared to...

Published 30 Oct, 2024 07:00am

Companies

Govt receives one bid for stake in flag carrier PIA: report

Other 5 groups stay away from depositing 'earnest money'

Updated 30 Oct, 2024 12:44am

Companies

Aramco launches its first fuel station in Pakistan

Unveils facility in Lahore

Updated 29 Oct, 2024 11:49pm

Companies

NLC stall at TEXPO attracts large number of visitors

The stall set up by National Logistics Corporation (NLC) in the fifth edition of Textile Exhibition (TEXPO)...

Published 29 Oct, 2024 05:53pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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