Karachi: BF Biosciences Ltd. (BFBL), Pakistan’s inaugural biotech pharmaceutical company, is poised for its initial public offering (IPO) with a book-building process scheduled for September 25-26, 2024. The company aims to raise PKR 1.38 billion by of…
Karachi: Oil and Gas Development Company Ltd (OGDC) has announced its financial results for FY24, showing a 7% decline in annual Profit After Tax (PAT) despite a more favorable quarter marked by increased oil prices and dividend payouts. The company’…
Karachi: The KSE-100 Index experienced a significant surge, hitting an all-time high of 82,004 points before closing at 81,459 points, up 998 points from the previous session. The bullish trend was supported by a 24% increase in trading volumes, signal…
Karachi: Pakistan Petroleum Limited (PPL) announced a notable increase in its annual earnings for fiscal year 2024, despite facing higher operating costs in the fourth quarter. The company’s full-year earnings reached PkR115.4 billion, reflecting a 19%…
Karachi: In a significant move within the fertilizer industry, the boards of directors of Fauji Fertilizer Company Ltd. (FFC) and Fauji Fertilizer Bin Qasim Ltd. (FFBL) have approved the merger of FFBL into FFC. This strategic consolidation is set to r…
Karachi: The KSE100 index reached a new all-time intraday high of 80,000 points before closing at 81,459, marking a notable gain of 998 points day-over-day. The surge was driven by investor interest in the Banking, Exploration and Production (E and …