The public offering of ordinary shares of Agritech Limited (AGL), managed by Integrated Equities Limited on behalf of Fauji Fertilizer Company Limited (FFC), has been successfully completed. “We would like to inform you that the acceptance period began on Thursday, December 12, 2024, and ended on Saturday, January 4, 2025,” the FFC said in a … Read more
Mari Energies Limited, formerly known as Mari Petroleum Limited, has been given a preliminary entity rating of AAA (long-term) and A1+ (short-term) by the Pakistan Credit Rating Agency (PACRA) based on its strong operational and financial position as a major player. in the country’s energy sector. Specializing in the exploration, development and production of hydrocarbons, … Read more
The shareholders of Silkbank Limited approved the merger of the bank with and into United Bank Limited (UBL). The decision was taken at the Extraordinary General Assembly Meeting held on Thursday, 26 December 2024, and remains subject to regulatory approvals. This decision follows UBL’s offer dated 31 October 2024 for the proposed merger. On November … Read more
The Board of Directors of ZIL Limited has appointed Muhammad Irfanul Haq as the CEO of the company. ZIL Co., Ltd., a trusted name in the beauty and personal care industry for decades, specializes in providing high-quality products that enhance daily care. With its heritage of innovation and customer-first approach, ZIL continually delivers solutions that … Read more
Islamabad: Mughal Energy Company Limited announced plans to issue sukuks worth 2.5 billion rupees, after its board of directors approved amending the terms and structure of the issuance. The company disclosed this development to the Pakistan Stock Exchange (PSX) on Monday. According to the notice, the sukuk will be offered to the company’s existing shareholders … Read more
Islamabad: In a major corporate shift, the Board of Directors of Shell Pakistan Limited (SHEL) has approved the renaming of the company to Wafi Energy Pakistan Limited. This decision comes in the wake of Wafi Energy Holding Limited’s acquisition of an additional 22,165,837 ordinary shares in SHEL, representing approximately 10.36% of the company’s total issued … Read more
Oil prices fell by about $4 a barrel on Monday after Israel’s retaliatory strike against Iran over the weekend bypassed oil and nuclear facilities and did not disrupt energy supplies. By 1445 GMT, Brent crude futures fell $4.13, or 5.43%, to $71.92 per barrel, while US West Texas Intermediate crude futures lost $4.04, or 5.63%, … Read more