Tuesday, May 12 2026

LSE SPAC-I acquires 19.04% stake in Ningbo Green Light Energy
LSE SPAC-I Limited said on Tuesday that following its successful IPO, it had paid Rs230 million for the acquisition of 19.04% equity stake in Ningbo Green Light Energy Limited. The company informed the Pakistan Stock Exchange today. Ningbo Green Light Energy Limited is a leading solar energy solutions provider and EРС company in Pakistan, partly owned by Ningbo Green Light Energy Group Company Limited, said the notice. READ MORE: SECP approves IPOs of Sitara Petroleum, LSE SPAC-I There has been a growing shift towards alternative energy sources in Pakistan, especially solar, which has become increasingly popular among residential and commercial sectors. The South Asian nation of about 224 million people depends heavily on imported oil and liquefied natural gas, leaving it vulnerable to global price swings.
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Wednesday, April 29 2026

Electricity supply improves as plants move to local gas: PD
The Power Division (PD) said on Wednesday that electricity generation had further improved due to the supply of local gas to some power plants. In a press release issued today, the PD said that on Tuesday night during peak hours, total hydropower generation remained at 6,000 megawatts, adding that the country’s total hydropower capacity was 11,500 megawatts. The spokesperson further said that hydropower and additional availability of local gas, increased generation, and stability in the national grid from the southern region had made it easier to bring an additional 100 megawatts to the centre. “A total of 500 megawatts was transmitted from the southern part of the country,” as per the spokesperson.
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Monday, April 27 2026

KAPCO, Fauji Cement acquire 92.03% controlling stake in Attock Cement
Kot Addu Power Company Limited (KAPCO) announced on Monday that Fauji Cement Company Limited and KAPCO had successfully taken over a controlling stake (92.03%) in Attock Cement. This was announced in a notice to the Pakistan Stock Exchange today. “We would like to inform that the transaction has been executed today, i.e. on April 24, 2026, upon completion of all contractual conditions and compliance with applicable corporate and regulatory requirements, including a mandatory tender offer under the provisions of the Securities Act, 2015 and the Listed Companies (Substantial Acquisitions of Voting Shares and Takeovers) Regulations, 2017 (Takeover Laws),” the notice said.
Related news categories: business cement economic-indicators power-gen-dist psx stock-exchanges
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