International Packaging Films Limited (IPAK) IPO's book-building phase will be held on May 08 and 09, 2024 where high net worth individuals and institutional investors will subscribe to 70.1 million shares. The book building will start at the floor price of Rs 21 per share. Based on the interest from investors...
The Boards of Dawood Hercules Corporation Limited (DH Corp) and Engro Corporation Limited (Engro Corp) have, in principle, approved a proposal to restructure the shareholding between the two companies, aiming to enhance investment opportunities of the enterprise. The restructuring proposal is subject to final Board and shareholder approvals. The proposed...
Icewarp, a software company from the Czech Republic, announced its plans to launch its full-fledged operation in Pakistan, including a handsome investment in the establishment of a data center. Established in 1998, the software company is operating in more than 100 countries with its specialized and highly cost-effective services such...
Indus Motor Company (IMC) announced its financial results for the nine-month period ending March 31, 2024, which witnessed a 61% increase in profit after tax, to PKR 9.41 billion, compared to PKR 5.84 billion, for the same period last year. IMC’s net sales turnover for the nine-month period decreased to Rs....
TPL Insurance, a leading provider of innovative insurance solutions, is proud to announce a strategic partnership with Regal Automobiles Industries Ltd. (RAIL), a renowned name in the automotive industry. The memorandum of understanding (MoU) signing ceremony solidifies the alliance between the two entities, paving the way for groundbreaking offerings...
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2024, delivering a strong topline growth of 21% (PKR 27.5 billion compared to PKR 22.7 billion in the same period last year) despite the challenging operating environment and economic slowdown. This increase was fueled by volume growth and...
Effective protection of intellectual property rights is essential for attracting and retaining FDI . According to the OICCI IPR Survey 2023, infringements resulted in a loss of up to Rs800 billion to the national exchequer last year alone. Companies too reported a total loss of 20% of their...
Engro Corporation’s revenue from continued operations grew by 45% to PKR 104.3 bn versus PKR 72.1 bn in 2023, as per Q1 results announced on PSX. Consolidated PAT of Q1 stood at PKR 10.4 bn (EPS 10.66) versus PKR 8.8 bn in 2023. Higher profitability on account of higher fertilizer...
K-Pop has undeniably become a cultural phenomenon worldwide, captivating audiences with its diverse sounds, mesmerizing performances, and magnetic personalities. In Pakistan and across Southeast Asia, the love for K-Pop has surged dramatically in recent years. Since 2014, K-hip-hop streams on Spotify have skyrocketed by 95 times globally, and since...
10Pearls, a leading end-to-end digital services company, hosted the 4th edition of AI Summit,  Pakistan’s foremost conference, and expo on Artificial Intelligence, on April 18 and 19, 2024 at the Lahore Expo Centre. Making its inaugural appearance in Lahore after successful episodes in Karachi and Islamabad, the summit proved...