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VEON Group Holding Company Ltd had announced on September 08, 2025, its Intention to acquire controlling interest of TPL Insurance Limited (PSX:TPLI). Arif Habib Limited, manager to the offer, has issued addendum to the offer dated December 16, 2025, wherein the acquirer has been changed and f finalized as Jazz International Holding Limited, a subsidiary…
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Pakistan International Bulk Terminal Limited (PSX:PIBTL) has executed the Supplemental Implementation Agreement with the Port Qasim Authority, which grants the Company the supplemental concessions, rights and licenses to cater for handling, storage and export of copper-gold commodities, including minerals, metals, andother natural earth commodities on non-exclusive basis. Concurrently, the Company has also executed an agreement…
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The Organic Meat Company Limited (PSX:TOMCL) has received an export order from Al Abeer Cold store Trading Company (“Al Abeer”) at the FoodAg Exhibition currently being held in Karachi and organised by the Trade Development Authority of Pakistan (TDAP). The order relates to the supply of private label frozen raw meat products to be marketed…
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Altern Energy Limited (PSX:ALTN) has initialled a “Termination Agreement” on 24 November 2025, to be executed in due course by the company, the President of Islamic Republic of Pakistan (GoP), and the Central Power Purchasing Agency Guarantee Limited (CPPA-G). Pursuant to the Termination Agreement, the following instruments shall stand terminated with mutual consent of the…
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OilBoy Energy Limited (PSX:OBOY) has approved the change in the purpose of utilization of funds raised through the right Issue amounting to Rs. 250,000,000. The funds were originally intended for the project titled “Bio-Oil from Pyrolysis–Waste to Energy through Fast Pyrolysis” The funds have have since been utilized for the followingpurposes: –1- Expansion of the…
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Premium Textile Mills (PSX:PRET) has informed that the Board of Directors of Premium Textile Mills Limited through Circular Resolution dated November 24, 2025 has approved the purchase of a 7.5 MW Wind Turbine. The estimated cost of the above project is amounting to USD 4,150,000 (United States Dollars Four Million One Hundred Fifty Thousand Only).…
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Pakistan Petroleum Limited (PSX:PPL) has announced successful workover operations of well in Adam West field located in Hala Block, Matiari district, Sindh Province. The Company is the operator of the Block with 65% working interest (WI), along with JV partner Mari Energies Limited (MariEnergies) with 35% Working Interest. Discovery of hydrocarbons was made in Adam…
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Pakistan Engineering Company Ltd (PSX:PECO) has appointed Mr. Abdul Shabbir Khan Khattak (Joint Secretary (A&F), Industries and Production Division, as Managing Director of Pakistan Engineering Company Ltd. (PECO) through Ministry of Industries and Production (MoIP) letter no. 1(1)/2022-LED-III dated 07.11.2025. The Board of Directors of Pakistan Engineering Company Ltd. (PECO) in its 228th meeting held…
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Security Leasing Corporation Limited (PSX:SLCL) has submitted a quarterly progress report to PSX with regards to its operations. The company has disclosed that they are in porcess of restructuring and revival efforts of Security Leasing Corporation Limited (SLCL), as well as the status of settlements with outstanding creditors. Negotiations with several creditors are continuing in…
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Pakistan Petroleum Limited (PSX:PPL) has issued a clarification on the news regarding “Reclaiming Land from Sea and Artificial Island” originally published by Bloomberg. The company has clarified that the aforesaid media coverage is misleading and does not fully reflect the technical scope and design of the project. The activities underway relate to enabling safe drilling…