Service Long March Tyres Limited (SLM), a Chinese-Pakistani joint venture, approved an $80 million investment to establish a Passenger Car Radial (PCR) tyre manufacturing facility in Nooriabad, Sindh. SLM, an associated company of Service Industries Limited, shared the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. The new project will serve the domestic as well as e
Beco Steel Limited said on Monday that its Board has commenced finalisation of funding arrangements with the Company’s sister concern, Beco Steel Ferrous and Non Ferrous Metal Trading LLC, United Arab Emirates (UAE), for investment in solar project. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) today. “The Company is structuring an arm’s leng
Pakistan National Shipping Corporation (PNSC) announced on Monday that an Aframax tanker was successfully inducted into the PNSC-managed fleet. The company disclosed in a notice to the Pakistan Stock Exchange (PSX) today. The company shared that the new vessel, M.T Lahore, weighed 112,05 tonnes. Pakistan National Shipping Corporation (PSX: PNSC) is a national carrier of Pakistan. It is engag
Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs523,762 after a decline of Rs3,200 during the day. Similarly, 10-gram gold was sold at Rs449,041 after it fell by Rs2,743, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per t
Massive selling pressure was observed at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index shedding over 2,100 points during the opening minutes of trading. At 10:05am, the benchmark index was hovering at 178,391.58, down 2,121.06 points or 1.18%. Selling was observed in key sectors, including cement, commercial banks, fertiliser, oil and gas exploration companies