Gamer Pakistan Expected to Begin Trading Monday, October 9, 2023 on the Nasdaq Capital Market GPAK Rings Nasdaq Bell HENDERSON, N.V., Oct. 09, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced […]
MGA Entertainment Initiates Merger with Zapf Creation AG
LOS ANGELES and RÖDENTAL, Germany, Oct. 09, 2023 (GLOBE NEWSWIRE) — MGA Entertainment, Inc. (MGA), one of the world’s largest and fastest growing privately held toy and entertainment companies, announced today that it intends to merge with Zapf Creation AG, Europe’s leading manufacturer of nurturing dolls. Specifically, MGA’s wholly-owned German subsidiary, which is the current […]
Honda Ends Dealership Agreement With Massive Rawalpindi Outlet
In a public notice, Honda Atlas Cars (Pakistan) Limited (HACPL) has announced to terminate its 3S Dealership Agreement with Honda Centre (Pvt.) Limited, situated at Peshawar Road, Rawalpindi.According to the announcement, the termination of their agree…
Profit of Listed Textile Companies Down by 24% in FY23 Amid High Finance Costs
Pakistan’s textile sector’s profitability declined by 24 percent year-on-year (YoY) to Rs. 72.6 billion in the financial year 2022-23 primarily due to an increase in finance costs, high cotton and energy costs, and global slowdown, according to Topline…
Govt Increases Profit Rates on Sarwa Islamic Term Accounts
The government has revised the rates of profit on Sarwa Islamic Term Account (SITA) by up to 228 basis points.According to an official notification by the Finance Division, the rates of profit on 1-year, 3-year, and 5-year SITA products have been revis…
Chinese President Xi appoints Jiang as Ambassador to Pakistan
Chinese President Xi Jinping has appointed new ambassadors in different countries in accordance with a decision by the Standing Committee of the National People’s Congress, China’s top legislature.According to the official statement, Jiang Zaidong is a…