Islamabad, Aug 23: Production has been suspended by Bolan Castings Limited (PSX: BCL) as of August 26 (Monday) and will remain suspended indefinitely. “The company is seeing a decline in sales as a result of the sharp decline in orders from our clients. Furthermore, our primary customer’s payment delays are seriously straining our finances. As a result, the company’s management has chosen to suspend production beginning on Monday, August 26, 2024, and continuing until further notice, according to the stock filing. BCL’s share price on the stock exchange ended the day at Rs. 93.89, down 10%, or Rs. 10.43, with…
Author: Mawadat Fatima
Islamabad, Aug 23: A company in the E-com sector is considering selling its E-commerce business to Blue-Ex (PSX: GEMBLUEX). “Blue-Ex (“the Company”) consider to buy business of domestic e-commerce firm that one of the e-commerce sector companies is offering for sale. In its meeting on August 30, 2024, the Board of Directors will discuss it, according to the stock filing on Friday. The company’s main functions include freight forwarding, local and international courier services, and related activities. With more than 9,300 shares, Blue-Ex Limited’s scrip at the GEM board closed at Rs. 64.99 on Friday, up 8.59 percent or Rs.…
Islamabad, Aug 23; As long as the company stays currently within the restrictions imposed by section 111 of the Securities Act of 2015, Fatima Fertilizer Company Limited (PSX: FATIMA) has decided to try to purchase ordinary shares, convertible preference shares, non-convertible preference shares, and other instruments (such as zero-coupon term finance certificates and zero coupon sukuks) and debt of Agritech Limited. The stock filing mentioned that the board might eventually adopt a different board resolution allowing the purchase of up to majority voting shares, going beyond section 111 of the Securities Act of 2015. The company’s main operations include the…
Islamabad, Aug 23: Senator Muhammad Aurangzeb, the federal minister of finance and revenue, met with Mehmat T. Nane, the chairperson of Pegasus Airlines, and Muhammad Ali Tabba, the CEO of Lucky Cement Limited. In addition to expressing gratitude for the Turkish aviation industry’s achievement, Aurangzeb said that working together in the field of aviation was a crucial component of their bilateral relationship and that it was consistent with the prime minister’s goal of advancing Pakistan’s aviation sector. Mehmat T. Nane gave a summary of the Turkish aviation strategy at the meeting, emphasizing important elements that can help Pakistan’s aviation industry.…
Islamabad, Aug 23: Mohammad Rizwan and Saud Shakeel gave some outstanding efforts on the second day of Pakistan’s first Test match against Bangladesh at the Rawalpindi Cricket Stadium. Pakistan recovered spectacularly from an early setback, thanks batting centuries from Mohammad Rizwan and Saud Shakeel that helped the team to a formidable 448/6 in the first innings. After making an incredible 141, Saud Shakeel was removed from the game, but Rizwan persisted and finished unbeaten with 171. The decision by Pakistani captain Shan Masood to declare the innings after the team reached 448 runs caused controversy among both cricket commentators and…
Islamabad, Aug 23: Microsoft has revealed the date of release for the next Xbox Series S and Series X, as well as the special edition 2TB Series X. According to an official press release, the three versions, which were unveiled earlier this month, will be available in select regions on October 29 and on October 15 respectively. “The Xbox Series S – 1TB in Robot White, Xbox Series X – 1TB Digital Edition in Robot White, and Xbox Series X – 2TB Galaxy Black Special Edition will be available for pre-order starting later today,” the August 21 statement stated. The…
Islamabad, Aug 23: The screening exam for the Combined Competitive Examination (CCE) 2023, which was held on August 10, 2024, has been deemed void by the Sindh Public Service Commission (SPSC). This choice was made during a review meeting on Thursday, during which it was found that very few candidates had the necessary 50% passing score. At a meeting held at its regional headquarters in Karachi on August 22, 2024, SPSC discussed the ramifications of the most recent test results. In the next rounds of the examination process, the commission expressed concerns that there would not be enough suitable individuals…
Islamabad, Aug 23: Pakistan holds a share of less than 0.04 percent in the worldwide IT market, according to information provided before the Senate Standing Committee on Information Technology and Telecommunication on Thursday. The committee, led by Senator Palwasha Mohammad Zai Kha, met to examine the performance and workings of the Electronic Certification Accreditation Council (ECAC) and the Pakistan Software Export Board (PSEB). The committee was informed that the PSEB is run by a seven-member Board of Directors, having been founded in 1995 as a Private Software Export Board. As of right now, the Securities and Exchange Commission of Pakistan…
Islamabad, Aug 23: Pakistan is in advanced discussions to obtain $4 billion in loans from Middle Eastern banks to cover its external finance needs for the current fiscal year. The foundation of this endeavor is the unlocking of the $7 billion International Monetary Fund (IMF) bailout. To discuss investment potential in Pakistan, Finance Minister Muhammad Aurangzeb had virtual meetings with officials from Mashreq Bank and Dubai Islamic Bank (DIB). Aurangzeb highlighted Pakistan’s attempts to stabilize its economy and the anticipated start of commercial borrowing from the Middle East, which had been put on hold because of lower credit ratings. For…
Islamabad, Aug 23: Students are not allowed to wear T-shirts and jeans on campus, according to a new dress code policy established by Government College University (GCU) Lahore. The university administration formally announced this decision, which has caused a range of responses from both students and professors. All male and female students must adhere to the new dress code requirements as stated in the GCU Lahore notification that was made public earlier this week. The document states that the administration’s choice is a part of a larger effort to preserve the academic atmosphere and defend the institution’s principles. The policy…
