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 […]

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 […]

Stock Market

HSM approved the CAPEX amounting to Rs. 750Mn for improving the efficiency of the plant

Husein Sugar Mills Limited (PSX: HSM) in a notification to stock exchange announced that the Board of Directors of HSM has approved CAPEX amounting to Rs. 750Mn for improving the efficiency of the plant by inducting latest energy-efficient technology.

PSX Stock Market

Bestway Cement decided to setup a Greenfield Cement plant with a capacity of 7,200 tonnes

Bestway Cement Limited (PSX: BWCL) in a latest notification to PSX, announced to setup a Greenfield Cement plant with a capacity of 7,200 tonnes of clinker/day near Paikhel, District Mianwali along with 9MW Waste Heat Recovery Plant. BWCL has entered into an agreement with Sinoma International Engineering Co Ltd for EPC.

Stock Market

SAZEW Sales declined by 22% during March, 2021

In a latest notification to the Stock Exchange, the Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of March 2021. SAZEW Production Units were recorded at 1,193 units, showing a decline of 12% on Monthly basis. While 1,209 units were sold as compared to the 1,553 units sold in […]

Stock Market

ENGRO’s board approved an amount of USD 31.4Mn towards conducting study in relation to the PDH-PP Project.

This is in continuation to our letter to the PSX dated April 26, 2019, in relation to the company’s intent to explore investment opportunities in the petrochemical sector and the approval by the Board of Directors of the company (the “Board”) for commencement of a study in relation to a polypropylene facility based on propane […]

Stock Market

Avanceon awarded contract to Automate Fuel Retail Sites for a Leading Oil Marketing Company

Avanceon Limited has been contracted to deploy a state-of-the-art fuel retail automation solution for one of the largest oil marketing companies in Pakistan. The fuel retail automation solution will be deployed on multiple sites and integrated with the customer’s central remote monitoring system. Fuel Retail Automaton plays a critical role in improving consumer experience and […]

Stock Market

TOMCL granted registration by Chinese Custom Authorities for the export of heat-treated meat

The Organic Meat Company Limited (TOMCL) in a notification to PSX informed that it has received approvals and has been granted registration by Chinese customs authorities for the export of heat-treated beef meat to the People’s Republic of China. The Company has pioneered the heat treatment process whereby Foot and Mouth Disease (FMD) virus can […]