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 […]

Stock Market

SEARL has concluded an exclusive licensing & supply agreement with Livzon Mapharm Inc

SEARL in a notice informed that it has concluded an exclusive licensing & supply agreement with Livzon Mapharm Inc for the “recombinant novel coronavirus vaccine(V-01)’ which also covers manufacturing transition of (V-01) in Pakistan. Please follow and like us:

Stock Market

FLYNG decided to increase the Paid up capital by the issue of Right Share

Flying Cement Company Limited in their board meeting held today have decided to increase the paid up share capital of the company by the issue of further 2Bn ordinary shares having face value of Rs. 10 each as right share to be offered to the member of the company in the proportion of 113.64 Right […]

Stock Market

SAZEW monthly sales declined by 23% for the month of February

In a latest notification to the Stock Exchange, the Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of February 2020. SAZEW Production Units were recorded at 1,352 units, showing a decline of 13% on Monthly basis. While 1,553 units were sold as compared to the 2,007 units sold in […]

PSX Stock Market

Unity Foods Ltd approved acquisition of 31% shares of Sunridge Food (Pvt) Ltd

Unity Foods Limited approved in principle acquisition of 16,467,818 (31%) shares of Sunridge Food (Pvt) Ltd at Rs. 28 per share. It may be noted that the company also holds 69% shares of of Sunridge Food (Pvt) Ltd. This acquisition is subject to approval of shareholders for which General Meeting will be convened in due […]

Stock Market

Kohat Cement approves setting up of Cement manufacturing Plant

In a latest notification to the PSX, Kohat Cement Company Limited (PSX:KOHC) in its Board of Directors meeting has approved subject to all regulatory approvals, setting up of 7,800-10,000 tpd Cement manufacturing Plant along with 8-10 MW Waste Heat Recovery and 25MW Coal fired Recovery Power Plants, in Khushab , Punjab. The estimated cost of […]

Economy Stock Market

ECC approves the removal of dividend distribution cap on MPCL

The Economic Coordination Committee (ECC) was presided over by Minister for Finance and Revenue Dr Abdul Hafeez Shaikh on Wednesday received a summary from the Petroleum Division for removal of dividend distribution cap on Mari Gas Company Limited (MPCL) under Gas Pricing Agreement as the company is being considered for privatisation. The ECC of the […]