Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and consortium for the sale of its thermal energy assets portfolio.
The consortium is made up of Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through...
Secure Logistics Group becomes the first IPO in the logistics sector on the main board of the Pakistan Stock Exchange (PSX).
The issue size of PKR 600 mn was oversubscribed with a strike price of PKR 12/share.
Well-rounded participation was observed with strong participation from institutions (76%) and high net-worth individuals...
Secure Logistics Group Ltd IPO’s book-building phase will be held on the 27th and 28th of March where high net worth individuals and institutional investors will subscribe to 100% percent of the issue size (50 million shares).
The book building will start at the floor price of Rs 12 per...
The Competition Commission of Pakistan (CCP) confirmed on Monday that PTCL's application to acquire Telenor Pakistan is still under review.
In a statement, the CCP clarified that PTCL seeks to acquire 100% ownership of both Telenor Pakistan (Private) Limited and Orion Towers Private Limited.
The application process has seen some delays....
Nestlé Pakistan ended the year on a positive note, with an increase of 23.4% in its revenue as compared to FY 2022.
The results were shared after the Board of Directors’ meeting at the Company’s Head Office.
Despite several external challenges, a focus on innovation and renovation and ensuring product availability,...
In a notable financial development, Pakistan Petroleum Limited (PPL) has witnessed a robust growth in profits, marking a significant 41% increase during the initial half of the fiscal year 2024. This positive financial performance underscores the company's resilience and effective operational strategies amid dynamic market conditions.
The substantial growth in...
On a consolidated basis, Engro Corporation’s revenue grew by 35% to PKR 482 billion in 2023, while consolidated PAT before accounting impact due to remeasurement of thermal energy assets increased to PKR 66 billion versus PKR 46 billion last year, recording an EPS of PKR 63.01.
Major variance is attributable...
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the year ended December 31, 2023. The Company continued its growth trajectory and delivered another record year with the highest-ever top line and operating profit. This was in the face of a challenging macroeconomic environment and intense competition. The...
The Pakistan Stock Exchange (PSX) witnesses a severe downturn as political and economic uncertainty in the aftermath of recent elections triggered a substantial crash in the benchmark KSE-100 index. PSX witnesses as stock crumbles by over 1200 points, reflecting the heightened concerns and reactions of investors to the prevailing...
