Agreement signed for onboarding of MRA Securities as market maker of ETFs January 29, 2021 KARACHI: In a very positive development for Pakistan’s capital market, an agreement has been signed between Pakistan Stock Exchange (PSX) and MRA Securities Limited…
Headline inflation expected at 5.87% YoY in Jan’21 January 29, 2021 We expect Jan’21 inflation to settle at 5.87% YoY compared to 14.56% in Jan’20 and 7.97% in Dec’20, respectively. This will take the 7MFY21…
Panther Tyres Limited raises Rs2.63 billion in an over-subscribed boo kbuilding January 28, 2021 KARACHI: Panther Tyres Limited successfully raised Rs2.632 billion through a two-day book building, which saw a broad based participation from institutional and high net…
PSX lists first shelf registered instrument issued by Bank Alfalah January 28, 2021 KARACHI: In a very encouraging development for the debt market of Pakistan, an innovative, new debt instrument has been issued and listed on Pakistan…
Fauji Foundation conducts due diligence for the acquisition of Silkbank Limited January 28, 2021 KARACHI: Silkbank Limited has agreed to allow Fauji foundation to conduct due diligence and evaluate the bank, as the Fauji Foundation intends to acquire…
Ministry of Finance: Economic Outlook Jan-2021 January 27, 2021 The Finance Ministry (Economic Adviser’s Wing), has shared the latest edition of Monthly Economic Update and Outlook for January 2021. We highlight some key…
Refinery: Improving Fundamentals amid change in Price Mechanism January 27, 2021 National Refinery Ltd. (NRL) announced its financial result for 2QFY21, where the company reported a Loss After Tax of PKR823mn (LPS: PKR10.29) as against…
Mari Petroleum announces provisional award of 4 exploration blocks January 27, 2021 KARACHI: Directorate General of Petroleum Concessions (DGPC) has provisionally awarded four new exploration blocks to Mari Petroleum Company Limited (MPCL) in the latest block…
PLL gets considerably lower LNG supply offers retendered for March January 27, 2021 KARACHI: Pakistan LNG Limited (PLL) received considerably lower bids for three LNG cargoes for March in the range of 12.7 percent to 13.6 percent…
Fresh Money—Automobile parts & Accessories January 26, 2021 ñ Panther Tyres Limited, formerly known as Mian Tyre and Rubber Company Limited, was founded in 1983 as a tyres and tubes manufacturing company….