Stock Market Uncategorized

Fauji Foundation to acquire majority stake in Silk Bank

In a latest notification to PSX, Fauji Foundation (FF) has expressed its intention to acquire majority stake in Silk Bank Limited (PSX:SILK). As a part of the process, Silk Bank has been requested to allow FF to conduct due diligence of Silk Bank and in this regard FF intends to apply to SBP for the […]

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MPC: Policy rate remains stable at 7%

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 […]

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CHCC to undertake BMR for Cement Line 1

CHCC has announced that it has decided to undertake BMR for Cement Line 1 & install a main Crusher. These measures will help improve the operational efficiencies of the Company. The total cost of BMR of Cement Line 1 & installation of main Crusher is approximately Rs 3.5bn which will be financed through long-term loans. […]

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InFrontier Ltd signed term sheet for acquiring 36.6% stake in TPL Life Insurance Ltd

TPL Life Insurance Limited (“the Company”), a subsidiary of TPL Corp Limited, is pleased to announce that InFrontier Limited (“InFrontier”), a specialist investment firm focusing on frontier markets, authorised and regulated by the Financial Conduct Authority of the United Kingdom, through its fund InFrontier AF LP, has signed terms sheet with the Company for acquiring […]