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Wafi Energy becomes the majority shareholder of Shell Pakistan Limited

Karachi, October 31st, 2024: Wafi Energy Holding Limited (Wafi Energy) becomes the majority shareholder of Shell Pakistan Limited (SPL) after The Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), completes the sale of its 77.42% interest in SPL. Wafi Energy, an established Saudi company and affiliate of the Asyad Group, now holds approximately…

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Over $10 million in business deals signed at Food Asia 2024

Karachi, October 31 2024: The 17th edition of the Plastic Packaging, Corrugated, and Food Asia International exhibition and conferences recorded over $10 million in business deals between foreign and local companies in different segments, according to the organizers. Various exhibiting companies from Vietnam, Thailand, Turkey, China, and Iran have received overwhelming responses from local delegates…

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HUB POWER COMPANY

Hub Power Company Reports 1QFY25 Earnings: EPS Rises 12% YoY Amid Market Challenges

KARACHI, October 30 2024: Hub Power Company (HUBC) has released its financial results for the first quarter of FY25, showcasing earnings per share (EPS) of Rs14.74, which reflects a 12% increase year-on-year, although it represents a 7% decline compared to the previous quarter. The net earnings for the quarter stood at Rs19 billion, aligning with…

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