Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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Secure Logistics Group to raise Rs1.5bn through IPO

January 24, 2022 (MLN): The Secure Logistics Group Limited (SLG), previously named Asia Capital Partners (Pvt.) Ltd has applied for listing on Pakistan Stock Exchange, seeking to raise Rs1.5 billion to expand the logistic business.

Fauji Foods appoints Faisal Yaseen as CFO

January 24, 2022 (MLN): The board of directors of Fauji Foods (FFL) has appointed Mr. Faisal Yaseen as Chief Financial Officer (CFO) of the company with effect from December 10, 2021. He has been hired

ICPL transfers 37.5% holding to Dolmen, Al Feroz

January 24, 2022 (MLN): Dolmen City Reit (DCR), Pakistan’s first REIT scheme, has informed that International Complex Project Limited (ICPL), a holding company has transferred 37.5% of its units to Dolmen (Private) Limited and Al

Yousuf Weaving Mills to increase authorized capital to Rs2bn

January 24, 2022 (MLN): The board of directors of Yousuf Weaving Mills Limited, have decided to increase the company’s authorized capital to Rs2 billion, the company’s filing on bourse showed today. Additionally, the board also

FIA nabs Hascol’s founder in Rs54bn scam

January 24, 2022 (MLN): The Federal Investigation Agency (FIA) has arrested Mumtaz Hasan, founder of the Hascol Petroleum Limited (HPL), in Rs54 billion scam. According to the Federal Investigation Authority (FIA)’s document available with MG,

SPWL announces 50% cash dividend

January 24, 2022 (MLN): The Board of Directors (BoD) of Saif Power Limited (PSX: SPWL) announced the 2nd interim cash dividend of Rs5 per share (50 %) for the year ended December 31, 2021, the company filing

Petition withdrawal likely to revive Globe Textile

January 24, 2022 (MLN): Globe Textile Mills Limited (GLOT) has informed through a notice to exchange that the company has been actively following up with the Securities and Exchange Commission of Pakistan (SECP) for withdrawal

Parker Russel appointed to investigate Hascol’s fraud

January 24, 2022 (MLN): The management of Hascol Petroleum Limited (PSX: HASCOL) has informed the exchange on Monday that the Securities & Exchange Commission of Pakistan (SECP) has appointed Parker Russel AJS, Chartered Accountants as

MARI: Profitability intacts

January 24, 2022 (MLN): Mari Petroleum Company Limited (MPCL) has announced its financial results for 6MFY22 ended on December 31, 2021, wherein the bottom-line of the company saw a meagre increase of 1.03% YoY, to

Weekly Market Roundup

January 23, 2022 (MLN): Domestic equities remained under pressure throughout this week due to higher COVID-19 cases and an increase in global commodity prices, witnessing a decline of 745 points or 1.6% WoW to close

Honda Atlas raises car prices by up to Rs126,000

January 21, 2021 (MLN): Following the tax imposed in recent Finance Amendment Bill, Honda Atlas Cars Pakistan Limited has raised the prices of cars by up to Rs126,000 on Friday. Earlier this week, Pak Suzuki

PSX Closing Bell: Walking Contradiction

January 21, 2022 (MLN): Domestic equities ended the last day of the week on a positive note, mainly on the back of expectations that SBP will hold the policy rate at 9.75% in its upcoming

Amreli Steel decreases rebar price by Rs5,000/MT

January 21, 2022 (MLN): Amid a continuous decline in raw material price, the booking rates of Amreli Steels' rebars have been decreased by Rs5,000/MT with effect from 21st January 2022, according to a notification issued

Secure Logistics Group to raise Rs1.5bn through IPO

January 24, 2022 (MLN): The Secure Logistics Group Limited (SLG), previously named Asia Capital Partners (Pvt.) Ltd has applied for listing on Pakistan Stock Exchange, seeking to raise Rs1.5 billion to expand the logistic business.

Fauji Foods appoints Faisal Yaseen as CFO

January 24, 2022 (MLN): The board of directors of Fauji Foods (FFL) has appointed Mr. Faisal Yaseen as Chief Financial Officer (CFO) of the company with effect from December 10, 2021. He has been hired

ICPL transfers 37.5% holding to Dolmen, Al Feroz

January 24, 2022 (MLN): Dolmen City Reit (DCR), Pakistan’s first REIT scheme, has informed that International Complex Project Limited (ICPL), a holding company has transferred 37.5% of its units to Dolmen (Private) Limited and Al

Yousuf Weaving Mills to increase authorized capital to Rs2bn

January 24, 2022 (MLN): The board of directors of Yousuf Weaving Mills Limited, have decided to increase the company’s authorized capital to Rs2 billion, the company’s filing on bourse showed today. Additionally, the board also

FIA nabs Hascol’s founder in Rs54bn scam

January 24, 2022 (MLN): The Federal Investigation Agency (FIA) has arrested Mumtaz Hasan, founder of the Hascol Petroleum Limited (HPL), in Rs54 billion scam. According to the Federal Investigation Authority (FIA)’s document available with MG,

SPWL announces 50% cash dividend

January 24, 2022 (MLN): The Board of Directors (BoD) of Saif Power Limited (PSX: SPWL) announced the 2nd interim cash dividend of Rs5 per share (50 %) for the year ended December 31, 2021, the company filing

Petition withdrawal likely to revive Globe Textile

January 24, 2022 (MLN): Globe Textile Mills Limited (GLOT) has informed through a notice to exchange that the company has been actively following up with the Securities and Exchange Commission of Pakistan (SECP) for withdrawal

Parker Russel appointed to investigate Hascol’s fraud

January 24, 2022 (MLN): The management of Hascol Petroleum Limited (PSX: HASCOL) has informed the exchange on Monday that the Securities & Exchange Commission of Pakistan (SECP) has appointed Parker Russel AJS, Chartered Accountants as

MARI: Profitability intacts

January 24, 2022 (MLN): Mari Petroleum Company Limited (MPCL) has announced its financial results for 6MFY22 ended on December 31, 2021, wherein the bottom-line of the company saw a meagre increase of 1.03% YoY, to

Weekly Market Roundup

January 23, 2022 (MLN): Domestic equities remained under pressure throughout this week due to higher COVID-19 cases and an increase in global commodity prices, witnessing a decline of 745 points or 1.6% WoW to close

Honda Atlas raises car prices by up to Rs126,000

January 21, 2021 (MLN): Following the tax imposed in recent Finance Amendment Bill, Honda Atlas Cars Pakistan Limited has raised the prices of cars by up to Rs126,000 on Friday. Earlier this week, Pak Suzuki

PSX Closing Bell: Walking Contradiction

January 21, 2022 (MLN): Domestic equities ended the last day of the week on a positive note, mainly on the back of expectations that SBP will hold the policy rate at 9.75% in its upcoming

Amreli Steel decreases rebar price by Rs5,000/MT

January 21, 2022 (MLN): Amid a continuous decline in raw material price, the booking rates of Amreli Steels' rebars have been decreased by Rs5,000/MT with effect from 21st January 2022, according to a notification issued