Tag: psx

PSX Will Suspend Trading GTECH
Economy

GTECH Shareholders Will Receive 0.3 Shares of GCIL

GTECH shareholders will receive 0.3 shares of GCIL Based on the proposed merger between GTECH and GCIL, the SWAP ratio is 0.30 shares of GCIL for each share of GTECH, as described by GTECH. Tax Up to 500% On Imported Cars to Protect Domestic Industry The right to issue GCIL shares to GTECH shareholders is […]

Interloop earnings jump 85% in Q1 2023
Economy

Interloop earnings jump 85% in Q1 2023

Interloop earnings jump 85% in Q1 2023 Interloop Limited (ILP), a textile and apparel export company, posted a profit of Rs 4.96 billion in the first quarter of fiscal year 2022-23, beating industry expectations. According to the company’s financial results, profit increased by 85 percent compared to Rp 2.69 billion recorded in the same period […]

Maple Leaf profits 2.2 Times Despite Higher Coal Prices
Economy

Maple Leaf profits 2.2 Times Despite Higher Coal Prices

Maple Leaf profits 2.2 times despite higher coal prices Maple Leaf Cement Factory Limited (MLCF) profitability increased 2.2times in the first quarter of fiscal year 2023 despite higher coal prices and less sales, the company said in a filing. First UDL Modaraba Fully Merged with UDLI Company share price gains 73 paisa or 2.63% after […]

Crescent Steel Issues Rs. 800 Million Sukuk For Enhancing Capital Working Requirements
Economy

Crescent Steel Issues Rs. 800 Million Sukuk For Enhancing Capital Working Requirements

CSAP (Crescent Steel & Allied Products Limited) just issued Rs. 800 million untradeable Sukuk payable within 3 years. As per PSX Rule Book provisions of the Securities Act 2015 requirements and as per Company’s letter dated 16th September 2022, CSAP has successfully issued Privately placed, secured, and untradeable long-term sukuk of Rs. 800 million for […]

Al-Ghazi Tractors Introduced the 2023 models
Economy

Al-Ghazi Tractors Introduced the 2023 models

To celebrate 40 years of success, Al-Ghazi Tractors Limited (AGTL) has introduced new 2023 models with glossy paint features on all New Holland tractor variants. Oil bulls near to $100 The new 2023 model will be available on the following models: 480s, 480 Power Plus, Ghazi, 640, 70-56, and Dabang. In addition, AGTL will dominate […]

SECP is Revising Rules for Effective Takeover of Listed Companies
Economy

SECP is Revising Rules for Effective Takeover of Listed Companies

SECP is revising rules for effective takeover of listed companies The Securities and Exchange Commission of Pakistan (SECP) has revised the Substantial Acquisition of Shares and Takeovers Regulations 2017 to provide a transparent and efficient regime for the acquisition of significant voting shares and takeovers of companies registered on behalf of investors, especially minority shareholders. […]

SALIC interested in acquiring 30% stake in TOMCL
Economy

SALIC Interested in Acquiring 30% Stake in TOMCL

SALIC interested in acquiring 30% stake in TOMCL Pakistani meat processor The Organic Meat Company Ltd. (TOMCL) announced Wednesday that a Saudi investment firm that invests in agricultural commodities, has announced its intention to acquire a 30 percent stake in TOMCL. “We hereby inform you that the Saudi Agricultural and Livestock Investment Company (SALIC), a […]

CNERGY Will Issue 163.5 Million Shares to Parent Company
Economy

CNERGY Will Issue 163.5 Million Shares to Parent Company

CNERGY will issue 163.5 million shares to parent company The Board of Directors of Cnergyico Pk Limited (CNERGY) will seek shareholder approval at the Annual General Meeting to issue 163.5 million shares in kind to Cnergyico Mu Incorporated. The 28th Annual General Meeting of Cnergyico Pk Limited (the “Meeting”) will be held on Wednesday, 19 […]