SELECT Technologies Limited closes its IPO at Rs3.02bn, oversubscribed 3.23x. The company sold 88.9m shares at Rs34, with proceeds to expand capacity and develop new products.
HeadlinesRecommendations call for greater price transparency, a rule-based stabilisation fund and supply chain digitisation before submission to PM
Cooking oil producer plans investments in refining, storage and renewable energy as Pakistan’s IPO market records its busiest year
HeadlinesPakistan’s Wheat Board says wheat stocks are sufficient across the country, with no shortage reported. The meeting assessed production, procurement and market prices, citing higher output this season.
Minister says Energy City project has attracted interest from oil-producing nations, while reforms, new terminals and fleet expansion aim to strengthen Pakistan’s maritime sector.
HeadlinesAgriculture secretary directs timely irrigation, farmer advisory services and action against counterfeit pesticide trade during Multan review.
The Finance Ministry says Pakistan’s Eurobond and inaugural Panda Bond were issued under the MTDS framework and all legal requirements. It dismisses media claims as lacking context and warns inaccurate reporting could raise future borrowing costs.
HeadlinesThe World Bank approved $375.9 million to modernise Pakistan’s electricity transmission network, upgrade substations, reduce outages and bottlenecks, and unlock more wind and renewable capacity.
Pakistan and Croatia agreed to expand trade, investment and business ties, focusing on port connectivity and maritime collaboration. The ministers also discussed sectors from IT and agriculture to education and labour mobility.
HeadlinesState Bank reserves jump by $1.94 billion to $18.47 billion after government inflows
HeadlinesPLL issues fresh tender for July cargo after cancelled Qatari delivery amid Strait of Hormuz tensions, pushing Islamabad back into the spot market.
Company plans to issue around 7.9 billion new shares after Sindh High Court approves modified arrangement