PSX

CHCC has approved the installation of a Green Field Cement plant

Cherat Cement Company Limited (PSX: CHCC) in a latest notification to the stock Exchange announced that the Board of Directors has approved the installation of a green field cement plant at D.I. Khan, KPK with an installed production capacity of 11,000 tons/ day of clinker. Total cost of the project is estimated to be approximately […]

IT PSX

Octopus Digital Ltd applies for listing at PSX

Octopus Digital Ltd, subsidiary of Avanceon Limited applies for listing at PSX. The Company shall be issuing 27,350,000 Ordinary Shares using Book Building Method at a Floor Price of PKR 29/share. The Draft Prospecturs of the Issuer is being placed on the PSX website for seeking public comments.

PSX

KAPCO announced Dividend of Rs 5 per share

Kot Addu Power Company Limited (PSX: KAPCO) in its Board of Directors of Kot Addu Power Company Limited (KAPCO), has announced an Interim Cash Dividend of Rs5 per share i.e 50% for the year ending June 30, 2021. This is in addition to the Interim Cash Dividend already paid at Rs1.5 per share i.e 15%.

PSX

SAZEW monthly sales declined by 11% in May

In a latest notification to the Stock Exchange, the Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of May 2021. SAZEW Production Units were recorded at 955 units, showing a decline of 22% on Monthly basis. While 912 units were sold in May, as compared to the 1,021 units […]

PSX

IMAGE approves the incorporation of wholly owned subsidiary

Image Pakistan Limited (PSX: IMAGE) Board of director in their meeting held today resolved that a wholly owned subsidiary under the name & style of Image Tech Limited be incorporated to avail the recently announced incentives by the Government of Pakistan for technology companies including digital electronics and intemet related services such as ecommerce services. […]

Stock Market

GGL commenced the trading activities of Energy Storage Devices

Ghani Global Holdings Ltd (PSX:GGL) in a notification to PSX, announced that it has commenced the trading activities of the Energy Storage Devices in Pakistan. Ghani Global announced to enter into JV agreement for setting up of manufacturing facility, sales and marketing of Technology Solutions in Pakistan along with the JV partner M/s Kilowatt LAbs […]

Economy

CPI Inflation increased by 10.9% on YoY in May 2021

CPI Inflation Rate (New Base 2015-16) increased by 10.9% on year-on-year basis in May 2021 as compared to an increase of 11.1% in the previous month and 8.2% in May 2020. On month-on-month basis, it increased by 0.1% in May 2021 as compared to an increase of 1.0% in the previous month and a increase […]

IT Stock Market

Systems Ltd completed its due diligence in the acquisition of a minority shareholding in Retailistan (Private) Limited (RPL)

Systems Limited having completed its due diligence in the acquisition of a minority shareholding in Retailistan (Private) Limited (RPL), presented the case to the Systems Limited Board in it meeting on May 28th 2021. The board approved the acquisition of 20% of the shares of RPL at a cost of Rs. 468 million and authorized […]