What SBP’s interest rate cut to 11% means for the economy?
In a widely anticipated move, the State Bank of Pakistan (SBP) has reduced the benchmark policy rate by 100 basis points, bringing it down to...
PSX Skyrockets 9,475 Points as Ceasefire and IMF Boost Investor Confidence
The Pakistan Stock Exchange (PSX) witnessed a historic surge on May 12, 2025, as the KSE-100 Index soared by 9,475 points (8.84%) to close at...
PTC to launch Africa-1 submarine cable
In November 2020, the Board of Directors approved an investment of US$ 59.5 million for the Africa-1 submarine cable project. This initiative aims to provide...
LCC Korea to sell 75.01% stake in Lotte Chemical Pakistan
On 20-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.
LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan
The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%) shareholder of Lotte Chemical Pakistan Limited (Company), has approved and...
GGGL suspends furnace operations for maintenance until May 15, 2025
After the completion of the expected life of the furnace, Ghani Global Glass Limited (GGGL) has temporarily closed down furnace operations until May 15, 2025,...
PRL announces 6-day plant shutdown ​
Pakistan Refinery Limited (PRL) needs to undertake a maintenance job, which will necessitate shutdown of its plant for approximately 6 days from February 15, 2025,...
AGL announces 4-day urea plant shutdown
The Urea plant operations of the company will be stopped with effect from February 17, 2025, to attend unscheduled maintenance tentatively for approximately 4 days.