Day: February 2, 2024

Pakistan Refinery Posts Highest Ever Half-Year Profit

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PRL-Project

Pakistan Refinery Limited (PRL) has announced its financial results for the half-year ended December 31, 2023, showcasing the highest-ever profit and production milestones in the first half of the fiscal year in the company’s history. During the first half of the financial year 2023, PRL achieved an exceptional profit after tax of Rs. 6.51 billion, a substantial increase from Rs. 0.76 billion in the corresponding period of the previous year (July to December 2022). This extraordinary financial achievement underscores the company’s robust operational efficiency and strategic initiatives. The Refinery attained…

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Faysal Bank and Total Parco Sign Agreement for Digital Payments Acceptance

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Faysal-Bank

Karachi, 2 February 2024 – Faysal Bank Limited and Total Parco, signed an agreement for the provision of cashless transactions across Total Parco’s extensive retail network.Through this alliance Faysal Bank’s state-of-the-art point-of-sale card acceptance solution will provide Total Parco’s customers the ability to make payments via cards as well as NFC solutions. Commenting on the partnership, Mr. Yousaf Hussain, President & CEO, Faysal Bank, stated, “At Faysal Bank we are privileged to have a multi-faceted relationship with Total Parco. This arrangement with Total Parco, is a testament of our agenda…

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Trina Solar Heralded as an ESG Champion by Bloomberg Green

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Trina-Solar

Trina Solar has been recognized for its exceptional performance in promoting sustainable development by gaining a Bloomberg Green ESG-Enterprises award as part of the Bloomberg Green ESG 50 list. This achievement once again underscores Trina Solar’s leadership in the photovoltaic industry. Drawing on data from the Bloomberg ESG Index and the advice of global experts, Bloomberg Green conducted a six-month evaluation and selected 50 outstanding companies. The panel of experts commended Trina Solar for its remarkable performance in all three ESG areas. The company’s 2022 Sustainable Development Report, noted for…

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MPCL successfully drills well in Mari Deep Goru-B formation

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mari-petrolium

KARACHI: Mari Petroleum Company Limited (MPCL) has successfully drilled another development well in Mari Deep Goru-B formation in the Mari Development and Production Lease (D&PL), Sindh. “As part of the field development activities in the Mari D&PL area, MPCL has successfully drilled and tested Mari Deep-20 well in the Goru-B formation”, material information sent to Pakistan Stock Exchange on Thursday said. The well was spudded in on December 17, 2023, and drilled down to a depth of 2,975 meters. The well is tested at 19 million standard cubic feet per…

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