Vopak LNG expresses interest in acquiring minority stake in Engro’s LNG infrastructure
Talks are ongoing between Engro Corp and Volpak LNG which are subject to the parties entering into definitive agreements and obtaining required Board, shareholder and regulatory approvals
Market Daily: Third day of recovery as KSE‐100 index adds 278 points
LAHORE: Recovery phase of the Pakistan Stock Exchange entered its third day on Thursday. Market bulls managed to maintain their control over...
Asian stock markets mixed over confusing US trade stance
Japan’s benchmark Nikkei 225 index dropped 0.4 percent to 22,177.58 and South Korea’s Kospi lost 0.6 percent to 2,327.22
Oil dips but markets remain tight due to disruptions, record demand
Oil prices have been rallying for much of 2018 on tightening market conditions due to record demand and voluntary supply cuts led by the Middle East dominated producer cartel of the Organization of the Petroleum Exporting Countries (OPEC)
Market Daily: Equity market registers another day of gains, rising by 472 pts
LAHORE: For a change, market bulls stepped up their game in Wednesday’s session and took inspiration from a buoyant close yesterday to...
Punjab caretaker cabinet resolves to work with local business community
LAHORE: In a rare interaction with the private sector, the Punjab Cabinet on Tuesday expressed the resolve to work hand in hand with the...
Local media urged to remove negative misconceptions about CPEC
ISLAMABAD: As the government has failed to remove many misconceptions about the multibillion-dollar project - the China Pakistan Economic Corridor (CPEC), the...
Looming FATF meetings spark debate on Pakistan’s possible inclusion in ‘grey list
KARACHI: The Financial Action Task Force's (FATF's) committee may put the country’s transactions on its grey list, but the decision is not...
Gold prices dip amid firm dollar; trade tensions limit downside
Spot gold was 0.1 percent lower at $1,267.23 an ounce as of 0432 GMT, while U.S. gold futures were down 0.2 percent at $1,268.80 per ounce
Asian stock markets fall after China move
The Shanghai Composite Index fell 0.2 percent to 2,883.20 and Tokyo’s Nikkei 225 lost 0.5 percent to 22,409.55
Oil prices fall 1.5 percent on OPEC’s deal to raise output
Brent crude futures were at $74.22 per barrel at 0455 GMT, down 1.8 percent from their last close
Ittehad Chemicals ion exchange membrane plant commences operations
In December last year, Ittehad Chemicals Limited and Punjab Board of Investment and Trade had signed a memorandum of understanding (MoU) to establish a state-of-the-art facility, valued at $40 million
Power Cement to obtain €30m foreign loan for ongoing clinker expansion project
Power Cement announced it had completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta expansion of its cement plant in the Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh
At-Tahur’s road to IPO begins, book-building set to close on 26th June
At-Tahur is issuing 36.7 million shares with 75 percent for book building and remaining 25 percent for retail investors at a floor price of Rs20 per share
OPEC agrees modest hike in oil supply after Saudi and Iran compromise
The United States, China and India had urged oil producers to release more supply to prevent an oil deficit that could undermine global economic growth