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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 trading system...

Local, Iranian firms agree to get PSM on 30-year lease

  by GHULAM ABBAS After the decision of the government to go for a long-term lease plan instead of privatising Pakistan Steel Mill (PSM), an Iranian...

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 was informed...

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 apart shook...

Xiaomi partners with Zong and Daraz to launch its products locally

Zong (CMPak), Xiaomi and Daraz have decided to join hands to launch Xiaomi products in Pakistan, it has been reported. Zong is believed to...

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, members, trustees...

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 to finance...

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 to the...
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