The power company would be less vulnerable to rising circular debt because of its ability to pass on incremental debt
The sale price corresponded to an enterprise value (EV) of 100pc at $329m. The deal is subject to adjustments specified
The heavyweight OGDCL posted good gains of R5.01, which alone accounted for addition of around 85 points to the index.
Some market players attribute the equities’ good performance to rising foreign portfolio investment, the country’...
Habib Insurance has extended the scope of the traditional fire, marine and motor insurance business in an innovative way
Fertiliser units affected by the cess hike are engaged in talks with the finance ministry.
KARACHI: The increase in Gas Infrastructure Development Cess (GIDC) for different sectors went into effect from...
According to SBP data, textile exports declined by 3pc to $1.14bn in May, from $1.17bn in April.
KARACHI: The government secondary public offering (SPO) of 70.06 million shares in Pakistan Petroleum Limited (PPL)...
Analysts noted the floor price was placed at around 4pc discount to the Wednesday’s market closing price of the PPL.
During the first 10 months of the current fiscal, as few as 15 blue chip companies earned a big profit-after-tax of
CCoP approved SPO of 70.05 million shares from the government held equity in Pakistan Petroleum Limited (PPL).
The bourse has put the ‘floor’ or ‘reserve’ price at Rs42.5m for ‘bundle’ of assets of each of the suspended broker.
KARACHI: The assets of three brokerage houses suspended by the Karachi Stock Exchange would be placed on the auction...
It is perhaps due to the huge frozen blocks of equity with the sponsors that shares of Jubilee Life do not come up for
Govt’s holding in UBL offered at Rs155 was declared to have received ‘headline demand’ by the book runners at Rs158.
‘As the bonus issue is a cashless transaction, it will be difficult for a firm to pay cash tax out of cashless
‘If you give a man a fish, he will eat for a day, but if you teach him how to fish, he would eat for a lifetime’
KARACHI: In the Economic Survey FY2013-14 as well as in his budget speech, the finance minister showered praises on...
While the accumulation of circular debt remains a concern for Nishat Chunian Power, a liquidity injection of Rs47.5bn