BYCO floats first-ever AAA rated private sector Sukuk
Byco Oil Pakistan Limited (“BOPL”) has successfully issued its first privately placed Sukuk for Rs 3,120 million, reported a national daily.The issue,...
Pakistan’s next economic crisis
Suppose for a minute that you are a globally focused investment manager based in London or New York. If you have been...
Govt likely to increase sugar export
The government is considering enhancing the sugar export quantity from 0.25 million tons to 0.5 million tons without subsidy. The initiative is...
PSX’s functioning according to law: some brokers are illegally paying fix amount to investors on shares and cash
The function of Pakistan Stock Exchange (PSX) is to manage that investors' share buy or sell orders are executed on the PSX's...
Linde Pakistan changing hands
A consortium of as many as 4 companies have shown interest in jointly acquiring 60% shares of Linde Pakistan Limited (LPL), it...
Brokers default – PSX finally gives its side of the story
As the Pakistan stock market continues to make steady advances, the news of two brokerage houses defaulting at less than two weeks...
SBP orders strict monitoring to curb money laundering & terrorism financing
The State Bank of Pakistan (SBP) on Friday advised all financial institutions to take necessary measures to ensure that beneficial owners, directors,...
Govt to acquire $600m in loans for balance of payments and budgetary support
Ministry of Finance (MoF) has completed arrangements for $ 600 million commercial loan from two Chinese banks. The funds will be used...
Sugar mills make billions by selling sugar to USC at higher prices
Sugar mills have pocketed billions of rupees by selling sugar to the Utility Stores Corporation (USC)at higher-than-prevailing market prices, causing heavy losses...
Pakistan soon to export seafood to Xinjiang
Pakistan will soon be exporting seafood to the Xinjiang Uygur, an autonomous region in the north-west of China. The transport will use the...
Pakistan, Hong Kong sign pact to avoid double taxation
Pakistan and Hong Kong on Friday signed a pact on avoidance of double taxation and prevention of fiscal evasion with respect to taxes...
UBL declares profit of over Rs 27m
UBL announced its results for the Financial Year ended December 31, 2016, at its 207th meeting held on Friday, February 17, 2017....
Rs480b paid to IPPs unjustified, panel recommends recovering Rs 35b from IPPs
As the investigation into the Rs480-billion circular debt payments continues, the special panel backed federal auditors’ recommendations to recover Rs35 billion from...
Govt releases second tranche of subsidy on fertilizers
The government has released the second tranche of the long-awaited subsidy amount promised on fertilizers in the National Budget 2016-2017.
It has been...
Minister announces ‘export led growth package’ to uplift economy
Federal Minister for Commerce Khurram Dastgir Khan said on Thursday that Rs 180 billion package of "Export-led growth" has been announced by...