The author is an Assistant News Editor at Profit by Pakistan Today. His works have been published in Dawn, Express Tribune, LiveMint India, Huffingtonpost India and The News on Sunday. He tweets @MohammadFarooq_
HeadlinesSales will be carried out through distributor-owned dealers and franchise dealers, with the goal of reaching 6% market share by 2024, read a stock market notification
Economy-Also, Pakistan’s LNG imports soared by nearly 80 percent on a year-on-year basis (YoY) in April 2018, the second-highest amount ever recorded for a single month -Balloki power plant passed its combined-cycle run on Monday
EconomyUrea sales in the period under review touched 480,000 tons, dipping 8 percent year-on-year (YoY), taking five months sales of the commodity to 2.1 million tons, up by 28 percent
HeadlinesIt also gave go-ahead to an issuance of a corporate guarantee in favour of Allied Bank as a security against running finance/money market loan of Rs5 million to be obtained by Tenaga Generasi Limited
HeadlinesThis will be the third IPO of the year following Matco Foods and AGP Pharmaceutical’s listing on the bourse in January and February respectively
HeadlinesLast April, Bestway Cement (BCL) had shelved its plan to acquire Dewan Cement Ltd’s (DCL) north plant due to legal uncertainties and delays that arose in light of the court proceedings initiated in the Sindh High Court
HeadlinesTaimur Dawood has been replaced as CEO by Imran Qureshi who has over two decades of experience in the chemical industry and has had stints with AkzoNobel and ICI
HeadlinesReuters on Thursday reported creditors were seeking legal advice from law firm Clifford Chance on the potential action they could initiate against Abraaj in wake of worries over its ability to repay its debt, two sources close to the matter revealed
HeadlinesPreviously, Bloomberg reported last week KPMG was said to be undertaking an internal review into its audits of the world’s largest emerging private equity house
HeadlinesMeezan is Pakistan’s biggest Islamic bank with a retail banking network of more than 600 branches in more than 150 cities of the country.
EconomyPakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18
EconomyEarlier this month Noor Financial Investment Company (Noor) had sought State Bank of Pakistan’s (SBP) approval for divestment of 9.59 percent of its 49.1 percent stake in Meezan Bank Limited