Master Wind Energy applies for listing on PSX
Master Wind Energy Limited, achieved commercial operations status on 14 October 2016 and was its first jump into the realm of renewable energy
Diamond Industries settles liabilities, hopes to resume business activities soon
LAHORE: Diamond Industries Limited (DIL) on Thursday said it had settled liabilities amounting to Rs352.166 million with Allied Bank Limited and Rs137,297,971...
Asian stocks edge up higher, as Euro gains after hitting five-month lows
In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, while Japan’s Nikkei gained 0.7 percent
Oil prices near $80 per barrel, as supplies tighten
The International Energy Agency (IEA) said on Wednesday that it had lowered its global oil demand growth forecast for 2018 from 1.5 million barrels per day (bpd) to 1.4 million bpd
Kuwait’s Noor Financial receives offer to divest part of Meezan Bank
LAHORE: Noor Financial Investment Company (Noor) has sought State Bank of Pakistan (SBP) permission for divestment of 9.59 percent of its 49.1...
SBP governor ensures low-cost housing finance policy
The financial sector is instrumental for the national development of the country. The role of institutions contributing to this sector in various forms need to be not only highlighted; but also duly acknowledged
Asian shares dip as North Korea suspends talks, U.S. yields climb
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent as Pyongyang’s move appeared to mark a break in months of warming ties between North and South Korea and with Washington
Oil prices fall on signs of ample supply despite OPEC cuts
Brent crude futures, the international benchmark for oil prices, were at $78.07 per barrel at 0024 GMT, down 36 cents, or 0.5 percent, from their last close
Govt levies 12.5 percent tax on income of offshore companies
Also, the Federal Board of Revenue has taken back half of the recommendations for an increase in customs duties on import of cooking oil
Pakistan averts MSCI downgrade, weight in EM index to slightly fall post China A Shares
LAHORE: Pakistan has escaped being downgraded from Morgan Stanley Capital International (MSCI) emerging market (EM) index on Tuesday after it raised the...
Dhaka Stock Exchange sells 25pc stake to Chinese consortium
DSE has signed an agreement to sell a 25 per cent stake to a Chinese consortium that includes the Shenzhen and Shanghai stock exchanges, a top DSE executive said on Tuesday.
SECP releases ‘Limited Liability Partnership Regulations 2018’
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the 2018 Limited Liability Partnership Regulations, 2018, under the Limited Liability...
HSBC, ING banks announce first trade finance transaction using blockchain
LONDON: Banking giants HSBC and ING on Monday said they had carried out a landmark blockchain transaction aimed at speeding up payment...
Market Daily: Political uncertainty, Nawaz Sharif’s remarks wreak havoc at PSX
LAHORE: The session left a trail of blood on the streets as market bulls were ripped to shreds in the wake of...
Dewan Cement rejects Mega Conglomerate’s acquisition offer
Dewan Cement’s spokesperson has claimed the negotiations are still going on and the deal could be salvageable, however, there has been no formal announcement on the stock exchange by Dewan Cement about the status of the deal