Category: Featured
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Fast Cables Limited Completes Plant Expansion Using IPO Proceeds
PAKISTAN Fast Cables Limited has announced the successful completion of a major expansion of plant and machinery at its manufacturing facility, financed through proceeds raised from the Company’s Initial Public Offering (IPO). According to the company’s statement, the expansion has significantly enhanced production capacity and led to the induction of advanced, state-of-the-art machinery. The upgraded…
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Chemical Manufacturers Raise Sector Concerns; Minister Assures Policy Review
PAKISTAN A delegation of the Pakistan Chemical Manufacturers Association (PCMA) presented its concerns regarding the performance of the country’s chemical sector, underscoring the growing challenges confronting local manufacturers. The Chairman highlighted that rising energy costs, financing constraints, tariff rationalization measures, and regulatory inefficiencies have placed significant pressure on domestic producers. The delegation noted that high…
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Samba Bank Limited Board Appoints Rashid Jahangir as President & CEO
PAKISTAN Samba Bank Limited (SBL) has informed the Pakistan Stock Exchange (PSX) that its Board of Directors has approved the appointment of Mr. Rashid Jahangir as President and Chief Executive Officer of the bank. The decision was taken during the 133rd meeting of the Board of Directors held on February 17, 2026. Mr. Jahangir, who…
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FBR Signs Training Agreement with LUMS for Officer Certification Program
PAKISTAN The Federal Board of Revenue (FBR) has signed a contract with the Lahore University of Management Sciences (LUMS) to deliver customized professional certification programs for its officers, marking a significant step in strengthening institutional capacity and modernization efforts. The signing ceremony was attended by Chairman FBR, Member (Admin/HR), Member IR-Operations, Member Customs-Operations, Directors General…
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Oil and Gas Development Company Boosts Output at Kal-03 Well to 750 BPD
PAKISTAN Oil and Gas Development Company Limited (OGDCL) has informed the Pakistan Stock Exchange (PSX) that it has significantly enhanced oil production from its Kal-03 well, located in District Chakwal, following a successful workover operation. According to the company’s disclosure, prior to the intervention, the well was producing approximately 50 barrels of oil per day…