Cherat Packaging Limited has successfully completed the sale of its IV paper bag production line, generating proceeds of $638,000, according to a PSX filing. This comes after the Board of Directors approved the deal announced on August 22, 2024. With the conclusion of sales of its paper bag production line, Cherat Packaging said it remains … Read more
ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more
The parent company of Attock Cement Pakistan Limited (ACPL), Pharaoh Investment Group Limited (Holdings) SAL, is exploring strategic options, including the potential sale of its investments in the cement sector in Pakistan. This development was disclosed by ACPL in a notification to the Pakistan Stock Exchange (PSX) on Wednesday. ACPL said in its letter to … Read more
Cherat Packaging Limited has completed the sale of its paper bag production line (Line 3), receiving proceeds of €440,000 from the buyer. The announcement was made in accordance with regulatory requirements and was disclosed to the Pakistan Stock Exchange (PSX) on Thursday. “We are pleased to announce that Cherat Packaging Limited (the “Company”) has successfully … Read more
The Board of Directors of NetSol Technologies Limited (PSX: NETSOL) has approved important decisions aimed at strengthening the company’s financial position and providing value to its shareholders. These decisions include the sale of 2 million treasury shares to employees under the Company’s stock options program and the launch of a repurchase plan for issued common … Read more