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Ittefaq Iron Industries to be listed on PSX soon

The legacy company of Ittefaq Foundries - Alshafi Group of Companies' subsidiary Ittefaq Iron Industries Limited (IIIL)  has submitted a draft prospectus for a...

Pakistan receives $4.6b as new loans

In order to tackle the growing fiscal deficit owing to declining foreign currency reserves and to payback external debt obligations, Pakistan obtained an amount...

Hascol Petroleum clarifies position amidst circulating rumors

Hascol Petroleum Limited (HPL) has responded to circulating rumors about the company losing an arbitration case in U.K Court against MENA energy and subsequently...

FPCCI lauds ECO summit, terms it milestone

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has hailed the 13th summit of Economic Cooperation Organization (ECO) held on Wednesday and termed...

Packages Limited enters into a strategic partnership with A&R Carton AB

Packages Limited has entered into a strategic alliance with A&R Carton AB of Sweden.This was notified in a notice sent to the Pakistan Stock...

Pakistan Business Council for comprehensive trade policy with India

Pakistan Business Council (PBC) has stated that prospects of normalization of relations between arch-rivals Pakistan and India seems a rare possibility in near future. PBC...

Sui Northern Gas Pipelines Limited: UFG losses down to 7.75pc

Sui Northern Gas Pipelines Limited (SNGPL) recently released their 1HFY2017 report where the company declared that they have reduced their unaccounted for gas (UFG)...

Chinese to withhold 20% PSX sale proceeds to meet possible default claims

The Chinese-led consortium that acquired controlling 40% stake of the Pakistan Stock Exchange (PSX) wants to hold 20 percent of the sale proceeds for...
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