PSX Stock Market

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 […]

PSX Stock Market

Avanceon FZE, wins Contract to Upgrade Critical Infrastructure for the Saudi Ministry of Environment

Avanceon FZE, a subsidiary of Avanceon Limited in Dubai, has been contracted to provide a comprehensive solution for the Sewage Treatment Plant in the city of Al Ras. Avanceon will be responsible for the Supply, Installation, Testing and Commissioning of the SCADA systems & PLC with HMI for the Sewage Treatment Plant. This contract execution […]

PSX Stock Market

Avanceon has incorporated a subsidiary in Qatar Avanceon QFZ LLC

In a latest notification issued to PSX, Avanceon Limited (PSX:AVN) announced that it has incorporated a new wholly owned subsidiary in the State of Qatar with the name Avanceon QFZ LLC. The Qatari Government has established Free Zones in Qatar Doha whereby allowing to incorporate Companies with full foreign ownership without having the need of […]


Samba Bank Ltd approve issuance of additional Tier 2 Capital Term Finance Certificates of up to Rs. 5 Bn

In a notification to the PSX, Samba Bank Limited (PSX:SBL) has infored that its Board of Directors have approved the issuance of Additional Tier 2 Capital Term Finance Certificates of up to PKR 5,000 million. The bank approved issuance of the TFC as an instrument of redeemable capital under Section 66(1) of the Companies Act, […]

Stock Market

TPLP enters into ‘Agreement to Sell’ to develop Technology Park

In a latest notification to PSX, TPL Properties Limited (TPLP) announced that its wholly-owned subsidiary, has entered into an ‘Agreement to Sell’ dated 10th November 2020, for the purchase of Plot situated at Korangi Industrial Area, Karachi, to develop a Technology Park. The Company plans to use this property to develop a Technology Park. The […]