In a notification sent to PSX on 04/04/2024, Pak Elektron Limited (PAEL) has announced that the board approved thee planned UAE subsidiary for trade expansion.
The Board of Directors of PAK ELEKTRON LIMITED in its meeting held on April 04, 2024
has accorded its approval for incorporation of a wholly owned foreign subsidiary in the
UAE, subject to all applicable regulatory approvals.
The subsidiary will be primarily engaged in commercial trading with import, export,
distribution and warehousing as its ancillary activities.
Pursuant to the requirements of the Securities Act, 2015, the Company has duly caused
this form/statement to be signed on its behalf by the undersigned hereunto duly
authorized.
The shares of PAEL were trading at Rs. 22.32 today.
Shifa International (SHFA) has already rallied 150%, but there is still more upside to the…
The closure of the Hub Power Company Limited (HUBC) plant marks a significant shift in…
Fatima's 2QCY24 financial performance reflects a challenging quarter, marked by a significant decline in profitability…
Habib Metropolitan Bank Limited (HMB) recently released its second-quarter results for 2024, revealing a mixed…
In the oil and gas sector, the longevity of reserves is a critical measure of…
Cherat Cement Company Limited (CHCC) has recently released its financial results for the fourth quarter…