Corporate announcements on Pakistan Stock Exchange (PSX)
KARACHI, PAKISTAN: The TAL Joint Venture comprising MOL Pakistan Oil & Gas Co. B.V. (Operator), Oil & Gas Development Company Limited (OGDCL) (30% working interest in exploratory phase), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL) and Government Holdings Private…
KARACHI, PAKISTAN: In a major step forward towards facilitating investors, stakeholders, and market participants, Pakistan Stock Exchange (PSX) has launched its first fundamental index, PSX Dividend 20 Index. This index is designed to track the performance of the top 20…
ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has introduced registration regime for digital-only insurers and dedicated microinsurers. This will promote digitalization and improve customer convenience through instant provision of services. In this regard, amendments to the Insurance…
KARACHI, PAKISTAN: Arif Habib Group (AHG), and Meezan Bank Limited (MBL) have entered into a strategic partnership to jointly develop and sell apartment towers at Naya Nazimabad. This collaboration will allow customers to opt for the Shariah Compliant Home financing…
KARACHI, PAKISTAN: In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by Exchange Companies (ECs) and banks to their customers, Pakistan’s central bank has increased the monitoring of the…
KARACHI, Pakistan: Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered into a Memorandum of Understanding (“MOU”) with Excelerate Energy Inc. (NYSE: EE), a leading provider of flexible LNG infrastructure solutions around the world, related…
KARACHI, PAKISTAN: Supernet Limited in conjunction with their Japanese technology partner Trend Micro Incorporated have been awarded a new multi-year project for the acclaimed “Tipping Point” Threat Protection System (TPS) by a major Pakistani customer valued at over Rs450 million….
KARACHI, PAKISTAN: Finnfund, a major development financier and impact investor in Finland, investing in responsible and profitable businesses in developing countries, has invested by acquiring 17.59% shareholding in TPL Insurance Limited. The acquisition follows TPL Insurance Limited’s earlier disclosure, dated…
KARACHI, PAKISTAN: ICI Pakistan Limited has received a conditional offer from Morinaga Milk Industry Co. Ltd, Japan to acquire an aggregate of approximately 33.3% of the issued and paid up share capital of NutriCo Morinaga (Pvt) Limited, a subsidiary of ICI Pakistan, from NutriCo…
KARACHI, PAKISTAN: A Gong Ceremony was held at Pakistan Stock Exchange (PSX) on the visit of the Ambassador of the United States of America to Pakistan, Mr. Donald Blome, to PSX. The US Ambassador, accompanied by the US Consul General…
KARACHI: The rate of tax applicable to the taxable income of banking companies is proposed to be enhanced to 45 per cent from 35 per cent for tax year 2023 and onwards. Also, the Finance Bill 2022 proposes to abolish…
KARACHI, PAKISTAN: Pakistan’s banking regulator has issued an advisory against Illegal offshore forex trading websites, mobile applications and platforms. “Buying products and services being offered by platforms including OctaFX, Easy Forex, etc. by any person resident in Pakistan is prohibited…