Category: Business & Finance

PHILIP MORRIS PAKISTAN APPOINTS ALI TAKESH AS NEW CEO

Karachi: Philip Morris (Pakistan) Limited (PMPKL) has announced a change in leadership with the appointment of Mr. Ali Takesh as the new Chief Executive Officer, effective August 1, 2024. He will succeed Mr. Roman Yazbeck, who is stepping down from th…

ALFALAH INVESTMENTS DECLARES DAILY DIVIDEND FOR ISLAMIC FUND

Karachi: Alfalah Investments has announced a daily dividend distribution for its Alfalah Islamic Rozana Amdani Fund (AIRAF), set to benefit unit holders registered as of July 22, 2024.

According to information available from the Pakistan Stock Excha…

Baba Farid Sugar Mills Reports Significant Loss in Third Quarter

Lahore: Baba Farid Sugar Mills Limited announced a substantial loss in its third quarter financial results for the period ended June 30, 2024.

The Lahore-based company disclosed the figures following a board meeting on July 23, 2024. The quarterly f…

ADAMJEE INSURANCE REPORTS SUBSTANTIAL SHAREHOLDER TRANSACTION

Karachi: Adamjee Insurance Company Limited has disclosed a significant transaction by a substantial shareholder, the Trustee-MCB Employees Pension Fund, which purchased 2,000,000 shares of the company on July 18, 2024, at a rate of PKR 37.50 per share…