KARACHI: Lucky Cement Limited won the Environment Excellence Award at the 19th Annual Environment Excellence Awards 2022, organised by The National Forum of Environment and Health (NFEH), a statement said. Lucky Cement received the award in recognition of its commitment towards sustainable development and contribution towards protecting the overall environment for a greener Pakistan, it … Read more
KARACHI: Lucky Electric Power Company Limited (LEPCL), a wholly-owned subsidiary of Lucky Cement, has successfully commissioned its 660MW supercritical, lignite coal-based power plant at Deh Ghangiaro, Bin Qasim, Karachi. “The power plant was synchronised with the national grid towards the end of CY21 and since then has been involved in extensive testing and completing relevant … Read more
Weighted average cost of gas (WACOG) Bill is a positive sign for Pakistan, as it would ensure gas availability across all sectors countering the impact of depleting domestic gas reserves. Under the new pricing mechanism, the ratio of supply of local gas and the liquefied natural gas (LNG) would change to 50/50 from the current … Read more
KARACHI: Lucky Cement Limited has launched a scholarship programme for the intermediate students of district Lakki Marwat, a statement said. Under this programme, the eligible students can apply for a full scholarship of Intermediate, where the company will cover the tuition fee expense of the selected students. This will be the second batch of students … Read more
KARACHI: The Morgan Stanley Capital International (MSCI) has added Pakistan in MSCI FM 100 and MSCI FM 15% country cap index, which could bring around $85 million inflows to the local stock market. Wajid Rizvi at JS Global Capital said that Pakistan would become a part of these indices in the upcoming MSCI Semi-Annual Index … Read more
Interloop Limited plans expansion Despite dismal performance in the second quarter of FY22, Interloop Limited Pakistan (ILP) is favourite for expansion in the growing hosiery segment, improved prices in the international market and relative insulation against macroeconomic headwinds. The ILP’s much-awaited Hosiery Division V has successfully achieved CoD in the third quarter of FY22 with … Read more
KARACHI: Lucky Cement reported a profit of Rs17.15 billion on a consolidated basis, translating into earnings per share (EPS) of Rs40.66/share for the half year ended December 31, 2021. The company’ EPS was recorded at Rs32.05/share during the same period last year. The company achieved gross turnover of Rs154.50 billion which is 24.9 per cent … Read more
KARACHI: The Pakistan stocks witnessed a bullish session, as investors’ sentiment eased after the State Bank of Pakistan (SBP) cued short-term relaxation over interest rates, dealers said on Monday. “Additionally, international oil prices are falling down near $70/bbl, reflecting the comfort in commodities prices; thus, supported the bourse,” an analyst at Pearl Securities said. “On … Read more
KARACHI: The Customs Intelligence and Investigation Karachi (I&I Karachi) has seized a consignment of plant and machinery imported by the Lucky Cement for revenue evasion, official documents suggest. According to details, a shipment imported by the Lucky Cement declared to be new plant and machinery for manufacturing of Portland Cement (9,000 tonnes/day) was blocked last … Read more
KARACHI: Muhammad Yunus Tabba has been re-appointed as the chairman of the board of directors and Muhammad Ali Tabba as the CEO of Lucky Cement, a statement said on Monday. The board of directors of Lucky Cement Limited announced the re-appointment of Muhammad Yunus Tabba as the chairman of the board of directors for another … Read more
KARACHI: Lucky Cement Limited won the Environment Excellence Award at the 18th Annual Environment Excellence Awards 2021, organised by the National Forum of Environment and Health, a statement said on Friday. The ceremony focused on climate change and ecosystem restoration, which was held at a local hotel on September 16, 2021. Lucky Cement received the … Read more
KARACHI: Pakistan stocks witnessed range-bound session on Tuesday, as the early gains based on S&P ratings affirmation were wiped out by an across-the-board profit-taking, dealers said. Ahsan Mehanti at Arif Habib Corporation said that the stocks closed higher, amid affirmation of S&P ratings of B- long-term and B short-term with stable outlook. “[The] mid-session pressure … Read more
KARACHI: A range-bound trading was witnessed at the local bourse on Friday, as stocks closed lower, amid rising Covid cases, dealers said. Ahsan Mehanti at Arif Habib Corp said that the stocks closed bearish on investors’ concerns for economic uncertainty, amid Covid outbreak. “Weak rupee, falling global crude oil prices, circular debt crisis and uncertainty … Read more
