LSE SPAC-I Limited said on Tuesday that following its successful IPO, it had paid Rs230 million for the acquisition of 19.04% equity stake in Ningbo Green Light Energy Limited. The company informed the Pakistan Stock Exchange today. Ningbo Green Light Energy Limited is a leading solar energy solutions provider and EРС company in Pakistan, partly owned by Ningbo Green Light Energy Group Compa
Millat Tractors Limited, Pakistan’s largest tractor manufacturer, on Tuesday announced that one of its subsidiary companies has signed a memorandum of understanding (MoU) with a leading Chinese electric bike manufacturer to manufacture electric bikes in Pakistan. “Millat Tractors Limited (MTL) is pleased to inform that a subsidiary company of Millat Tractors Limited has signed a MoU with a lea
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 900 points during the opening minutes of trading on Monday. At 10am, the benchmark index was hovering at 170,249.17, down by 866.65 points or 0.51%. Selling was observed in key sectors, including cement, commercial banks, oil and gas exploration companies, OMCs and power gener
Chairman Gwadar Port Noorul Haq Baloch continued his important meetings in Karachi, holding consultations with investors regarding Gwadar Port, transshipment and feeder services, the role of shipping lines including COSCO, and Central Asian trade routes via Iran. According to details, Chairman Gwadar Port Noorul Haq Baloch visited the head office of PIFFA, where he met business personalities an
Pakistani and Chinese officials have toured the under-construction Challenge Special Economic Zone in Lahore, reaffirming strong bilateral economic ties as the landmark USD 200 million project edges closer to completion. Pakistan’s Ambassador to China, Khalil Hashmi, and Punjab’s Minister for Industries and Commerce, Chaudhry Shafay Hussain, joined Chinese investors at the site located on Lahor