Technology & Business
Octopus Digital Ltd, subsidiary of Avanceon Limited applies for listing at PSX. The Company shall be issuing 27,350,000 Ordinary Shares using Book Building Method at a Floor Price of PKR 29/share. The Draft Prospecturs of the Issuer is being placed on the PSX website for seeking public comments.
Cherat Cement Company Limited (PSX: CHCC) in a latest notification to the stock Exchange announced that the Board of Directors has approved the installation of a green field cement plant at D.I. Khan, KPK with an installed production capacity of 11,000 tons/ day of clinker. Total cost of the project is estimated to be approximately […]
Unity Foods Limited (PSX: UNITY) in a notification to PSX announced that it has completed the acquisition of 31% shares of Sunridge Foods and now owns 100% shares of the company.
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CPI Inflation Rate (New Base 2015-16) increased by 10.9% on year-on-year basis in May 2021 as compared to an increase of 11.1% in the previous month and 8.2% in May 2020. On month-on-month basis, it increased by 0.1% in May 2021 as compared to an increase of 1.0% in the previous month and a increase […]
At its meeting on 28th May 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last meeting in March, the MPC was encouraged by the further upward revision in the FY21 growth forecast to 3.94 percent. The MPC noted that this confirms the strength of the broad-based […]
Pakistan reports Current Account Deficit of $200mn for the month of April 2021 as compared to a deficit of US$510mn in April 2020, 61% lower than in Apr20. Through the first 10mths of FY1, CAB remains in surplus of $800mn, a significant turnaround from the $4.7bn deficit during the same period last year. The SBP […]
The Economic Coordination Committee (ECC) was presided over by Minister for Finance and Revenue Dr Abdul Hafeez Shaikh on Wednesday received a summary from the Petroleum Division for removal of dividend distribution cap on Mari Gas Company Limited (MPCL) under Gas Pricing Agreement as the company is being considered for privatisation. The ECC of the […]
The Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in November, the domestic recovery has gained some further traction. Most economic activity data and indicators of consumer and business sentiment have shown continued improvement. As a result, there are upside risks to […]