A bad first day at PSX for Roshan Packages Limited
Trading of Roshan Packages Limited (RPL) commenced today at an opening price of Rs.86.25. Against market expectations, the stock closed at Rs...
Saudi Arabia wants oil prices to rise to around $60/barrel in 2017
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the...
JPMorgan, Microsoft, Intel and others form new blockchain alliance
JPMorgan Chase & Co (JPM.N), Microsoft Corp (MSFT.O), Intel Corp (INTC.O) and more than two dozen other companies have teamed up to...
Jazz’s parent group Vimpelcom to rebrand itself as Veon
VimpelCom has announced the company’s decision to rebrand itself as “Veon”, reported Propakistani. The move has been taken in the wake of...
Mughal steel proposes improvement & expansion worth Rs1b
Mughal Iron and Steel Industries Limited has announced to invest Rs1 billion to improve and expand steel re-rolling process, billets and in-house...
NAB criticized for reaching plea bargain with suspects of oil theft
A parliamentary panel has criticised the National Accountability Bureau (NAB) for reaching a plea bargain with people accused of oil theft worth...
Nishat Mills to invest Rs 2.7b in MCB & power subsidiary
The State Bank of Pakistan (SBP) has approved Nishat Mills Limited (NML), country’s leading integrated textile mills to increase its equity shareholding...
PICIC Growth & Investment Funds to be converted into Open End Scheme
HBL Asset Management Ltd in its board meeting held on February 24, 2017 has decided to proceed with the conversion PICIC Investment...
Phonemakers vying to displace Samsung as World’s No.2 smartphone maker
Phone makers are looking to fill a gap in the market left by Samsung, which is still recovering after a costly recall...
Indus Motors initiates late delivery penalty payments
Indus Motor Company (IMC), manufacturer and distributor of Toyota vehicles in Pakistan, has started making compensatory payment on late delivery of...
Pakistan Textile City to wind up following ECC approval
A meeting of the Economic Coordination Committee (ECC) chaired by Finance Minister Ishaq Dar has ordered the winding up of Pakistan Textile...
Not so rosy for Rozee.pk anymore: Report
In what seems like a report based on a tip-off by a disgruntled ex-employee of Rozee.pk, Flare magazine claimed that the virtual...
Only 6 out of 723 startups in Pakistan raised funds beyond $500,000
Planet N in collaboration with Karandaaz Pakistan and LUMS organized a workshop on 24th Jan 2017, chalking out a roadmap for the...
Pakistan climbs upto 68th position on World bank LPI
In the wake of recent development in Pakistan under the China-Pakistan Economic Corridor (CPEC) initiative, the World Bank, in its latest...
PM extends gas connections to areas of influential politicians
Prime Minister Nawaz Sharif has relaxed the moratorium on gas connections for 55 constituencies of influential politicians and federal ministers since May...