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 […]
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 […]
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 […]
As per the data published by the State Bank of Pakistan (SBP), Pakistan’s total liquid foreign reserves held by the country stood at USD 20,085.60 Million on Nov 13, 2020. The Forex Reserves increased by USD 178.70 Million or 0.9%. Please follow and like us:
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 […]
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, […]
As per the data released by the State Bank of Pakistan (SBP) Debt of Central Government during the month of September 2020 was recorded at Rs.35.68Trn, surged by 7.34% YoY basis. Whereas, on a monthly basis, the debt figure remained stable. Out of the total debt, 66% debt was from domestic sources while remaining 34% […]
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 […]
In a latest notification to the Pakistan Stock Exchange, Ghani Glass Limited (PSX:GHGL) announced that the operations of the pharma container glass furnace at the Karachi plant have been restarted. Please follow and like us:
In a latest notification to PSX, the BoDs of Kohat Cement Company Limited (PSX:KOHC) has approved the projects at Company’s plant site which shall be financed through mix of debt & equity. In addition, company has also secured a plant site in Punjab to achieve future expansion plans &,Develop certain investment properties of Company into […]