EconomyPSX gives compulsory buyback direction to Dewan Auto. What does it mean for the company and its shareholders?
The company has been asked to buy back its shares but what purpose does it serve?
Dec 6, 2023
Zain Naeem
Zain is a business journalist at Profit, and can be reached at [email protected]
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Economy
FeaturedTen years ago Chenab Limited defaulted on its loans. Now it looks towards second act
Once one of the country’s largest and proudest exporters, the Chenab Group is looking to chart its course back to the top with the backing of its largest creditor, HBL
Dec 3, 2023
FeaturedIs Pakistan Steel Mills stuck in a time-loop or are we going crazy?
Four years on and we are back to square one. And not for the first time
Nov 26, 2023
News Analysis (Premium Content)Inside the market: The bull-run that took PSX index past 58,000 points
It seems like there is no end in sight to the recent rally on the Pakistan Stock Exchange. But what do the results tell us?
Nov 23, 2023
FeaturedCompanies like Engro follow regulations. So why then do some investors still get shortchanged?
There are many issues with companies buying back their own shares. This one change in regulations can fix at least one of those.
Nov 18, 2023
News Analysis (Premium Content)Despite approval coming through, Regent Plaza’s sale fails to woo PSX investors
The shareholders of PHDL have approved SIUT’s offer to buy the hotel. The market has not reacted in the way one would expect. What gives?
Nov 17, 2023
FeaturedSaif Textiles Mills and the case of loan-for-equity swap
The company is looking to pay off its loans but is it fair for the shareholders?
Nov 12, 2023
FeaturedOn the issue of board directors, the SECP may need to go back to the drawing board
The election of directors is a problematic issue but SECP is not seeing the real issue at hand
Oct 29, 2023
HeadlinesPakistan’s only aluminium can manufacturer is off to a flying start. Can they consolidate?
The company has posted a profit of Rs 2.71 billion in 2022 — an increase of more than 72%. But what are the challenges they face as they look to charge ahead?
Oct 26, 2023
FeaturedRegent Plaza's sale seems to be a classic case of insider trading. But will the regulators investigate?
Pakistan Hotel Developers Limited has its own definition of price-sensitive information. Is it an honest mistake or a convenient one?
Oct 22, 2023
FeaturedThe battle for TRG is raging. Will Zia Chishti get his way again?
With newspaper ads and angry shareholders abound, a hostile takeover could be on the horizon
Oct 8, 2023
FeaturedInside the high returns of the Meezan Sovereign Fund
Al Meezan Investments wants to grow your wealth and is offering high returns. Is there a catch?
Oct 1, 2023