Another Pakistani company to establish subsidiary in UAE: Symmetry Group announces plan Looking to take advantage of business-friendly environment in the UAE, another listed Pakistani company announced... Updated 06 Sep, 2024 10:18pm
Markets KSE-100 closes flat after range-bound trading The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed flat on Thursday after witnessing range-bound... Updated 05 Sep, 2024 10:21pm
Markets KSE-100 gains as Aurangzeb’s IMF-related remarks generate positivity The Pakistan Stock Exchange (PSX) witnessed a bullish sentiment on Wednesday as its benchmark KSE-100 rallied 492... Updated 04 Sep, 2024 09:23pm
Technology Chakwal Spinning (CLOUD) refutes inside trading reports even as share price shoots Chakwal Spinning Mills Limited (CLOUD) has claimed that reports around the company’s management being involved in... Updated 04 Sep, 2024 10:17pm
Business & Finance BF Biosciences enters into agreement with Lucky Core Industries Pakistan’s pharmaceutical company BF Biosciences Limited (BFBL) has entered into a contract manufacturing and supply... Updated 04 Sep, 2024 09:11pm
Business & Finance Imran Maniar resigns as Sui Southern Gas Company CEO, MD Imran Maniar has resigned from his position as Chief Executive Officer (CEO) and Managing Director (MD) of Sui... Updated 03 Sep, 2024 10:24pm
Markets KSE-100 closes 205 points lower in mixed session The Pakistan Stock Exchange (PSX) endured a mixed session on Monday as the benchmark KSE-100 Index closed 205 points... Updated 02 Sep, 2024 11:34pm
Markets Nishat Mills Limited to establish company in UK The Board of Directors of Nishat Mills Limited (NML), the flagship company of Nishat Group, has given its nod to... Updated 02 Sep, 2024 11:35pm
Business & Finance Despite auto sector’s slowdown, Indus Motor Company’s profit up 56% at Rs15.07bn in FY24 Indus Motor Company (IMC) reported a profit of Rs15.07 billion for the fiscal year that ended June 30, 2024 (FY24),... Updated 02 Sep, 2024 10:37pm
Markets National Refinery suffers massive Rs15.8bn loss in FY24 Despite higher revenue and lower finance cost, National Refinery Limited (NRL) registered a massive loss of Rs15.79... Updated 02 Sep, 2024 04:32pm
Markets Indus Motor to invest another Rs1.1bn ‘for additional localization’ Indus Motor Company Limited (INDU) announced that its board has approved an additional investment of Rs1.1 billion... Updated 02 Sep, 2024 04:33pm
Markets KSE-100 closes 139 points higher as profit-taking trims intra-day gains The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed 139 points higher on Friday as late-session... Updated 30 Aug, 2024 09:22pm
Markets Positivity returns to PSX, KSE-100 gains 357 points After three consecutive negative sessions, positivity returned to the Pakistan Stock Exchange (PSX) as the benchmark... Published 29 Aug, 2024 06:12pm
Business & Finance Fauji Foundation wants to acquire controlling stake in Agha Steel Industries Fauji Foundation, one of the largest conglomerates in Pakistan, has expressed its intention to acquire shares and... Updated 29 Aug, 2024 09:15pm
Markets PSX appoints Nadeem Naqvi as interim CEO The Board of Directors (BoD) of Pakistan Stock Exchange Limited (PSX) has appointed Nadeem Naqvi, a Shareholder... Updated 29 Aug, 2024 03:04pm
Business & Finance 1H’24: NBP records total income of Rs96.8bn, up 5.1pc YoY KARACHI: The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met on August 28 to approve the... Updated 30 Aug, 2024 04:18pm
Business & Finance Standard Chartered Pakistan’s profit marginally up YoY in 2QCY24 Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, posted earnings of... Published 27 Aug, 2024 03:30pm
Business & Finance Bawany Air Products says will raise Rs6bn through rights issue Bawany Air Products Limited (BAPL) said on Tuesday it will raise Rs6 billion through a rights issue of nearly 600... Published 27 Aug, 2024 02:37pm
Markets PSO’s profit doubles, clocks in at Rs19.6bn in FY24 Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) doubled, clocking in at Rs19.65 billion for the... Updated 27 Aug, 2024 05:54pm
Business & Finance JS Bank records 678% jump in consolidated profit in 2QCY24 JS Bank Limited (JSBL) posted massive earnings of Rs5.5 billion during the quarter ending June 30, 2024, up over... Published 27 Aug, 2024 01:14pm
Business & Finance Millat Tractors stops production, says govt has failed to address issues Millat Tractors Limited (MTL), Pakistan’s largest tractor manufacturer, said on Thursday it has ceased production... Updated 22 Aug, 2024 08:11pm
Technology Azfar Manzoor appointed PTCL chairman Pakistan Telecommunication Company Limited (PTCL) has appointed Azfar Manzoor as the new chairman of the company.... Published 22 Aug, 2024 03:24pm
Business & Finance Engro Corp’s quarterly profit down 61%, clocks in at Rs5.07bn in Apr-Jun Pakistan’s conglomerate Engro Corporation Limited (ENGRO) posted a consolidated profit-after-tax (PAT) of Rs5.07... Updated 22 Aug, 2024 10:40pm
Markets Bullish run at PSX, KSE-100 Index gains over 500 points Bullish sentiments dominated the Pakistan Stock Exchange (PSX) on Wednesday, driven by optimism surrounding the... Published 21 Aug, 2024 06:40pm
Business & Finance Crescent Steel to supply additional coated pipes for K-IV project Crescent Steel and Allied Products Limited (CSAP) has reached an agreement with the joint venture of China Harbour... Published 21 Aug, 2024 05:02pm
Business & Finance Allied Bank’s profit jumps 25% in 2QCY24 Despite marginally lower net income, Allied Bank (ABL) posted a profit-after-tax of Rs12.47 billion in quarter ended... Published 21 Aug, 2024 02:04pm
Markets KSE-100 closes marginally lower after volatile trading The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally lower in a volatile session on... Updated 20 Aug, 2024 10:53pm
Markets Air Link partners with Acer Gadget to assemble laptops, tablets in Pakistan Air Link Communication Limited, a manufacturer and distributor of smartphones in Pakistan, has entered into a... Updated 20 Aug, 2024 10:51pm
Technology Chakwal Spinning to set up data centre, cloud operations in Pakistan The management of Chakwal Spinning Mills Limited (CLOUD) has signed the term sheet for investment of Rs7.784 billion... Updated 19 Aug, 2024 04:37pm
Markets Pakistan Oilfields announces significant hydrocarbon find in Khyber Pakhtunkhwa Pakistan Oilfields Limited (POL), an oil and gas exploration company, announced further testing results from the... Updated 19 Aug, 2024 04:35pm
Capacity-based model transition to take-and-pay model: 24 conditions proposed to strike new deals between govt, IPPs