Karachi: In a significant corporate development, Farrukh H. Khan has resigned as the Chief Executive Officer of the Pakistan Stock Exchange Limited (PSX), effective July 4, 2024. The emergent board meeting held today accepted his resignation, acknowle…
Karachi: In a swift administrative move, Dr. Aliya Hashmi Khan has been removed from her position as a Director of the Bank of Khyber, effective immediately. The decision, enacted through a notification issued by the Government of Khyber Pakhtunkhwa o…
Karachi: First Capital Equities Limited is actively negotiating with secured creditors and financial institutions to settle its overdue financial obligations under favorable terms.
These negotiations, as disclosed in response to a Pakistan Stock Exc…
Lahore: Jubilee Spinning and Weaving Mills Limited is close to securing a crucial No Objection Certificate (NOC) from the National Bank of Pakistan (NBP), a significant step towards the company’s planned name change.
The management has been diligent…
Lahore: Nazir Cotton Mills Limited has announced an Extraordinary General Meeting (EOGM) scheduled for July 27, 2024, to elect new directors and adopt digital methods for distributing financial statements to shareholders.
The meeting will focus on t…
Karachi: Haji Mohammad Ismail Mills Limited continues to face significant challenges, including ongoing legal proceedings and difficulties in securing investors for restructuring.
The company’s troubles began in 2017 when the Securities and Exchange…
Karachi: The Board of Directors of LSE Capital Limited has approved significant corporate actions in a meeting held at the company’s registered office on July 5, 2024.
The board approved the second term sheet for the complete disinvestment of its eq…
Karachi: The Pakistan Stock Exchange announced that the JS Momentum Factor Exchange Traded Fund (JSMFETF) has commenced the rebalancing of its portfolio as of August 7, 2024. This action follows the guidelines set by Section 96 of the Securities Act, …
Karachi: United Bank Limited (UBL) has successfully completed the sale of its shareholding in United National Bank Limited (UNBL), UK, as confirmed today.
The transaction, finalized on July 5, 2024, followed all necessary regulatory approvals as req…
Karachi: The Chief Executive Officer of MCB Investment Management Limited, the managing entity for Alhamra Islamic Money Market Fund (ALHIMMF), declared today that a dividend distribution has been sanctioned by the Board of Directors. According to inf…
Karachi: Waves Corporation Limited has announced a series of share transactions by Nighat Haroon Khan, a Non-Executive Director of the company, which were carried out on July 1 and July 3, 2024. According to information available from the Pakistan Sto…
Karachi: Citi Pharma Limited has officially appointed Mr. Ghulam Dastgeer as the new Company Secretary, effective from July 1, 2024. This strategic appointment comes as part of the company’s ongoing efforts to strengthen its management team and enhanc…
