Web Desk
Islamabad, March 29, 2023 (PPI-OT): Oil and Gas Development Company Limited (OGDCL) is the largest exploration and production company in Pakistan working across the nation. The company has an impressive track record of carrying out social work in areas where it operates for welfare of local communities. OGDCL has always exceeded its CSR obligations and…
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Lahore, March 29, 2023 (PPI-OT): H.A.R Fibres (Pvt) Limited reflects the adequate positioning of the company in the textile spinning industry. The company deals in the manufacturing of carded yarn of three blends: Cotton, Polyester cotton and Viscose (Coarse (1s –20s). The Company imports 70% of its cotton from the United States, Brazil, and Africa,…
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Lahore, March 29, 2023 (PPI-OT): UBL Cash Fund (or the Fund) is a low risk profile Fund. The assigned rating reflects the strength of the Fund’s credit and interest rate risk profile. The Fund had allocated ~57.6% in T-Bills, ~17.9% in bank majority in AAA rated bank. Whereas ~1.8% in commercial papers rated AA and…
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Karachi, March 28, 2023 (PPI-OT): KSE-100 – Consolidation expected The index opened on a negative note and traded in a narrow range amidst low volumes. The local bourse posted an intraday high of 127pts, a low of 101pts and concluded with a loss of 58pts to settle at 40,000pts. The volumes clocked in the last…
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Karachi, March 28, 2023 (PPI-OT): FCCL: Flying under the radar FCCL commissioned its Nimazpur capacity expansion of 2.05mn tons per annum in late Oct’22. Moreover, another capacity expansion of 2.05mn TPA at D.G Khan is in pipeline and expected to be commissioned in 2QFY24. Post D.G Khan’s expansion, company will be the third largest cement…
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Faisalabad, March 28, 2023 (PPI-OT): Faisalabad Electric Supply Company (FESCO) Second Circle disconnected the Water and Sanitation Agency (WASA) and Corporation electricity connection on the liability of Rs.540 million. On the special directives of Chief Executive Officer (CEO) FESCO, Eng. Bashir Ahmed, recovery campaign against the government defaulting departments is in full swing. In this…
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Karachi, March 28, 2023 (PPI-OT): JS Bank – one of Pakistan’s fastest-growing banks – partnered with Green Climate Fund, the world’s largest climate finance organization, to promote and undertake Climate Resilient projects in Pakistan. In a meeting hosted by JS Bank in Islamabad, both parties discussed various aspects of the Pakistan Distributed Solar Project (PDSP)…
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