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IPAK makes its debut on PSX | The Express Tribune

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KARACHI:

International Packaging Films Limited (IPAK) was officially listed on the Pakistan Stock Exchange (PSX) during a simple gong ceremony held on Monday. This event marked the commencement of public trading of the company’s shares on the bourse, providing shareholders with a platform for the exchange of shares.

IPAK had previously raised equity financing worth Rs1.76 billion by selling 70.10 million shares at Rs25.20 per share last month. The book-building phase of the initial public offering (IPO) generated significant interest from investors, resulting in oversubscription of the issue by a factor of 1.73 in terms of value. The strike price of Rs25.20 per share was determined during this phase, said a press statement released by PSX.

The PSX received applications totalling Rs2.54 billion, exceeding the base issue size of Rs1.47 billion, thus oversubscribing the issue.

During the gong ceremony, Farrukh Khan, the Managing Director & CEO of PSX, expressed pride in welcoming International Packaging Films Limited to the paper and board sector of the exchange.

He commended the company for its innovative contributions to the packaging industry and acknowledged the confidence shown by investors in the governance and strategic direction of IPAK.

Khan also praised IPAK for extending a discount to small retail investors, urging other companies to follow suit to broaden and diversify their investor base. He highlighted the opportune moment for companies to list on PSX, citing the strong performance of Pakistan’s capital market and its ample liquidity for eligible companies. He underscored that the stock exchange provides a viable alternative to high-cost bank borrowing, attracting a large number of investors and facilitating global business and investment outreach for listed companies.

Naveed Godil, CEO of IPAK, highlighted the company’s position as the largest packaging films company in the country, renowned for its innovation, quality, and customer satisfaction. He noted that IPAK offers a wide range of packaging solutions catering to various industries, including food and beverages, pharmaceuticals, and personal care.

Published in The Express Tribune, June 4th, 2024.

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans Monthly Payments 
3 months Rs56,300
6 months Rs28,300
9 months Rs21,890
12 months Rs17,200
24 months Rs10,170
36 months Rs7,800

 

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Pakistan

Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

Beware of These Illegal Housing Societies in Lahore – September 2024 Update

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Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

 

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Pakistan

Gold prices reach historic high in Pakistan – Pakistan Observer

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