Articles for author: Shams ul Nisa

Purified Terephthalic Acid in Pakistan Drives Growth

Purified Terephthalic Acid in Pakistan Drives Growth

By Shams ul Nisa ISLAMABAD– The Lotte Chemical Pakistan Limited (LOTCHEM) is well-positioned to capitalize on the rising demand for Purified Terephthalic Acid (PTA) with rapid growth in the packaging and PET (polyethylene terephthalate) sectors in Pakistan, reports WealthPK. According to its 2024 annual report, the company has shown resilience and flexibility in the face ...

Descon Oxychem Expansion into Sugar and Cosmetics Sectors Boosts Growth

Descon Oxychem Expansion into Sugar and Cosmetics Sectors Boosts Growth

By Shams ul Nisa ISLAMABAD— Descon Oxychem Limited (DOL) is strategically expanding its horizons by venturing into promising new segments, such as sugar treatment and cosmetics, reports WealthPK. DOL has shown impressive financial growth in the 1HFY25, with a notable increase in EBITDA to Rs989 million and a net profit of Rs496 million, mainly due ...

MCB Bank Support for Small Businesses in Pakistan

MCB Bank Support for Small Businesses in Pakistan

By Shams ul Nisa ISLAMABAD– The MCB Bank is reinforcing its position as a catalyst for economic progress by supporting small businesses across the country, reports WealthPK. According to its 2024 integrated annual report, the bank’s expansive network of over 1,400 branches and its strong focus on customer engagement are driving entrepreneurship, enhancing financial inclusion, ...