Investor sofferingpremium for Eurobond: Secondary market
KARACHI, Feb 13: Pakistan eurobonds have started trading at a premium in the international secondary market as the government did not upsize the $500 million Bond that generated total demand of $2 billion from potential investors.
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Rate termed exceptionally high
ISLAMABAD, Feb 13: Official and non-official circles here have expressed their dismay over what they termed an exceptionally high price at which the $500-million Eurobonds were launched on Thursday by Pakistan.
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Foreign investors to be offered mega projects
KARACHI, Feb 13: City Nazim Naimatullah Khan has said the city government is interested to offer mega projects on built, operate and transfer (BOT) basis to foreign investors and intend to calling international tenders for the purpose.
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Cabinet decision brings down premium on cars
KARACHI, Feb 13: The Cabinet's decision to approve new and old car imports have caused fall in premium prices on new cars and consumers have adopted wait and see attitude towards booking of new cars.
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Pakistani ports to enforce security code
KARACHI, Feb 13: Director General Ports and Shipping Anwar Shah on Friday said that Pakistan is committed to making its ports and maritime activity secure by implementing ISPS Code of the International Maritime Organization (IMO).
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Saudi Pak financing
ISLAMABAD, Feb 13: The Board of Directors of Saudi Pak Industrial and Agricultural Investment Company approved a total financing of Rs2.176 million to 30 companies in manufacturing, financial, construction
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National stock exchange to be formed
ISLAMABAD, Feb 13: Islamabad Stock Exchange chairman Omer Iqbal Pasha on Friday said: "We are heading towards integration and establishing one national stock exchange to integrate all the trading activities in the country."
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Purchase of minority shares
KARACHI, Feb 13: Spencer & Company (Pakistan) Limited and Pioneer Cables Limited have announced that the sponsors have decided to purchase all shares held by the minority shareholders.
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Cotton market resists fresh decline
KARACHI, Feb 13: Cotton market on Friday resisted fresh decline after spinners resumed their covering operations but most of the deals were reported at the higher levels as ginners did not lower asking prices.
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KSE 100-share index recovers 69.63 points
KARACHI, Feb 13: Stocks on Friday staged a broad recovery as investors were not inclined to be guided by the fallout of the nuclear issue and resumed short-covering on the blue chip counters at the lower levels.
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