Profit

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Finance Ministry refuses to give approval for the deal, resulting in now a five-year delay for the transaction

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The country’s second-largest telecommunications company – and the biggest one owned by the government – is facing significant delays from its own regulator

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The transaction is part of a distressed fire sale arranged at the behest of the company’s major creditors after the company defaulted on its loan obligations

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The desire of former President Asif Ali Zardari’s associate, and alleged partner in money laundering, to control his sugar mills from Karachi Central Jail continues to hamper the ability of the company to publish its financial statements

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Ghandhara Industries denies story that has been circulating on social media about its supposed plans to partner with a Chinese automaker

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While some mills have struggled with higher sugarcane costs, others have managed to post higher gross margins and profits

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Company plans to pay down entirety of its long-term debt in 2021, at least one year ahead of schedule

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Plan is part of the company’s aggressive growth strategy to dominate the food commodities business

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TPL is selling over a third of the company to the London-based group that also has investments in Afghanistan