Author: Waheed Ahmed
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Siddiqsons Tin Plate Reports Rs. 2.05 Bn Loss
By Najeeb Naich Siddiqsons Tin Plate Limited has posted a significant loss of Rs. 2.05 billion for the fiscal year ended June 30, 2024, as per the company’s statement of profit or loss submitted to the Pakistan Stock Exchange (PSX). The company’s revenue declined to Rs. 4.07 billion in FY24 compared to Rs. 4.39 billion…
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Pakistan Oilfields Discovers Significant Hydrocarbons at Makori Deep-03 Well
Pakistan Oilfields Limited (POL) has announced a significant discovery of hydrocarbons from the Makori Deep-03 development well, located in Karak District, Khyber Pakhtunkhwa. The well is part of the TAL Block, operated by MOL, where POL holds a 25% pre-commerciality working interest. According to the company’s notice to the Pakistan Stock Exchange, drilling of the…
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SNGPL Board Approves Formation of Wholly Owned Subsidiary
Sui Northern Gas Pipelines Limited (SNGPL) has announced that its Board of Directors, in its 638th meeting held on June 25, has approved the formation and registration of a wholly owned subsidiary company. According to a regulatory filing submitted to the Pakistan Stock Exchange (PSX) and the Securities and Exchange Commission of Pakistan (SECP), the…
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Govt Prioritizes Resolving Issues Faced by Chinese Investors: Ahsan Iqbal
Amid rising concerns over delays and operational hurdles faced by Chinese companies, Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has reaffirmed the government’s commitment to swiftly resolving all pending issues related to Chinese investment projects in Pakistan. Chairing a high-level meeting of the Cabinet Committee on Chinese Investment Projects, the minister said…
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PNSC Signs MoU with Chinese Firm to Boost Maritime Cooperation, Pakistan’s shipping sector poised for a major transformation
Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has said that Pakistan’s shipping sector is poised for a major transformation following the signing of a Memorandum of Understanding (MoU) between the Pakistan National Shipping Corporation (PNSC) and China’s Shandong Xinxu Group. The federal minister expressed these views while addressing the signing ceremony of the…