A 51% stake in Askari General Insurance Company Limited (PSX: AGIC) will be transferred from Army Welfare Trust ("AWT") to Fauji Foundation ("FF") at a carrying cost of Rs17.06 per share, subject to applicable regulatory approvals and codal formalities, according to a notice sent to the Pakistan Stock Exchange. AWT currently holds 60.23% shares in AGIC. AWT is a charitable/non-profit organizati
S.G. Power Limited (PSX: SGPL) has entered into a Distribution Agreement with Lablink Enterprises in relation to the distribution of Nipro hospital products in Pakistan. Nipro Corporation, headquartered in Osaka, Japan, is a leading global healthcare and medical technology company with a history spanning more than seven decades. The company is engaged in the development, manufacture and supp
Air Link Communication Limited and its wholly owned subsidiary, Select Technologies Limited, have achieved the financial close of a Rs4.76bn, 10-year Islamic syndicated term finance facility to support the expansion of their manufacturing operations at the Sundar Green Special Economic Zone. The financing has been arranged through a consortium led by The Bank of Punjab, with Askari Bank Limited
Pakistan's textile industry received a major boost as the 32nd Textile Asia Exhibition concluded in Lahore with business agreements worth more than $350 million. This development indicates growing investor interest and international confidence in the country's manufacturing sector. The three-day exhibition, jointly organized by the Special Investment Facilitation Council (SIFC) and Ecommerc
Pakistan's long-awaited refinery upgrade policy has been submitted to the federal cabinet and is expected to receive approval shortly, paving the way for billions of rupees in refinery modernization investments and the production of Euro-V compliant fuels. Petroleum Minister Ali Pervaiz Malik told the National Assembly Standing Committee on Petroleum on Tuesday that the policy had already been