Business
PSX gains 170 points
Islamabad, December 14, 2023 : The trading day for Pakistani equities commenced with a downward trend, extending its decline to revisit the previous day’s lows at around 64,400. However, buyers stepped in and effectively maintained support at this level once again. The market index then traded within a specific range for the remainder of the…
Jubilee Life stands as sole insurance company in Pakistan to bag Top 25 companies award by PSX
Karachi, December 14, 2023 : Mr. Farhan Faridi, Group Head, Retail Operations, Marketing and Administration at Jubilee Life Insurance receives the Top 25 Companies Award by Pakistan Stock Exchange from Honorable Prime Minister of Pakistan Anwar-ul-Haq Kakar at a ceremony held at Mohatta Palace, Karachi. This is the fourth time that Jubilee Life has won…
HEC and Microsoft forge strategic partnership transforming education in the era of AI
Islamabad, December 14, 2023 : The long-term cooperation between the Higher Education Commission (HEC) and Microsoft continues. The Education Transformation Agreement (ETA) was signed at a ceremony in Islamabad, which aims to further modernize technological education in the country. At the same time, the Imagine Cup competition n, Founders Hub & AI Skilling for students…
PTCL to acquire 100 percent share of telenor Pakistan
Islamabad, December 14, 2023: Pakistan Telecommunication Company Limited (“PTCL”), part of e& Group (e&), today announced that it has signed a Share Purchase Agreement with Telenor Pakistan B.V. (Telenor) to acquire a 100% stake in Telenor Pakistan (Pvt) Ltd (Telenor Pakistan) based on an Enterprise Value of PKR 108 Billion on a cash free, debt…
Aramco to acquire a 40% stake in Gas & Oil Pakistan
Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”). GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. The transaction is subject to certain…