Day: April 28, 2026

Paramount Spinning Mills Reports a Significant Financial Downturn

Karachi: Paramount Spinning Mills Limited has released its audited financial statements for the nine-month period ending March 31, 2026, revealing a notable financial downturn compared to the same period in the previous year.

According to the compan…

Altern Energy Limited Issues Clarification on Shariah Disclosures

Karachi: Altern Energy Limited has released a clarification regarding its Shariah disclosure requirements, as stipulated under clauses 5.6.9A and 5A.13(g) of the applicable regulations. The company provided detailed information about its financial act…

Usman Zahur Appointed as CEO of Pakistan Tobacco Company Limited

Karachi: Pakistan Tobacco Company Limited announced the appointment of Mr. Usman Zahur as the new Chief Executive Officer, effective May 1, 2026. Mr. Zahur will succeed Syed Ali Akbar in this leadership role.

The company communicated this developmen…

First Habib Modaraba Reports Decline in Nine-Month Profit

Karachi: The financial performance of First Habib Modaraba for the nine months and quarter ending March 31, 2026, has been disclosed following a meeting of the Board of Directors of its management company, Habib Metropolitan Modaraba Management Compan…