In a latest notification to the Pakistan Stock Exchange, Pioneer Cement Company Limited (PSX:PIOC) announced that its newly installed Coal Power Plant 1×12 MW out of 12 MW has started Power generation from today.
Month: November 2020
TPL Trakker Ltd has been awarded the contract for consultancy services for Mapping of Historical and Religious Sites in Pakistan
In a latest notification to PSX, TPL Trakker Limited (“TPLT”) announced that it has been awarded the contract for consultancy services for Mapping of Historical and Religious Sites in Pakistan in order to bring to light all the diverse aspects of Pakistan’s history and culture (“Project”). The Project will enable local and foreign tourists, as […]
Avanceon’s subsidiaries received three contracts worth multi-million-dollars
Avanceon Automation and Control WLL, and Avanceon FZE, both subsidiaries of Avanceon Limited, have received three contracts worth multi-million-dollars. Avanceon FZE, a subsidiary of Avanceon Limited, has been contracted to provide a sophisticated SCADA System for Pumping Stations Pipeline 1 & 2 in Al Qassim Province worth 1.3 Million AED. The scope of work for […]
Agha Steels enlisted as manufacturer cum supplier to Military Engineering Services
In a latest notification to the PSX, Agha Steel Industries announced that Military Engineering Services (MES) of Pakistan Army has enlisted Agha Steel Industries Limited as the manufacturer cum supplier of deformed steel bar for its projects. The Engineer-in-chief’s branch already issued the company a provisional certificate of enlistment/ registration. Military Engineering Services (MES) is […]
Monetary Policy: SBP maintained the Policy rate at 7%
The Monetary Policy Committee (MPC) decided to maintain thepolicy rate at 7 percent. The MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent in FY21, and business sentiment has improved further. Nevertheless, there are risks to the […]
MCB Bank has informed that the sale of its wholly owned subsidiary MCB Financial Services Ltd (MCBFSL) has now completed
In a notification to PSX, MCB Bank Limited , has informed that the sale of its wholly owned subsidiary MCB Financial Services Limited (“MCBFSL”), through Share Purchase Agreement has now completed in accordance with necessary approvals, including the approval granted by the Securities and Exchange Commission of Pakistan (SECP). Following this transaction, MCBFSL is no […]
FBR selected TPL Trakker to avail its real-time video monitoring system
We are pleased to announce that the Federal Board of Revenue (“FBR”), after a rigorous qualification process, vide its approval letter dated November 23, 2020 has selected TPL Trakker Limited (the “TPLT”), as one of the approved vendors till December 30, 2023 to avail video monitoring system (“System”) as required under the newly implemented Video […]
Avanceon Secures its Biggest Oil and Gas Contract to date in United Arab Emirates
Avanceon FZE, a subsidiary of Avanceon Limited, has secured a multimillion-dollar long term purchase contract from a major oil company in the middle east. As per the contract, Avanceon shall supply Hydraulic & PLC control panels on a call off basis as and when requested by the client. This contract execution gives a pathway for […]
PAKOXY approved an investment plan of Rs. 6.3Bn to setup an efficient Air Separation Unit
The Board of Directors of the Company in its meeting held on November 20, 2020 has approved an investment plan of about Rs. 6.3 billion to setup the latest and the most energy efficient Air Separation Unit (the “Plant”) in its class. The new state-of-the-art Plant will be sourced from Linde GmbH, Linde Engineering Pullach […]