HEADLINES
ECONOMY
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...
HEADLINES
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...
ECONOMY
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...
ECONOMY
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...
HEADLINES
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...
BANKING
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...
ECONOMY
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...
ECONOMY
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...
