Shanghai Electric Power Company has decided to terminate its offer to acquire up to 66.4 per cent of K-Electric Ltd due to changes in Pakistan’s business environment, it emerged on Wednesday. KE is the only electricity generator, transmitter, and distributor for Karachi and its adjoining areas, and the only listed electricity supplier. It was privatised in 2005. Shanghai Electric Power had agre
The Pakistan Stock Exchange (PSX) marked a positive closing for the eighth consecutive session, with the record-setting spree continuing into its sixth day. Investor sentiment remained strong, particularly in the cement and fertiliser sectors, as expectations grow for a boost in demand driven by post-flood reconstruction and agricultural recovery. Ali Najib, Deputy Head of Trading at Arif H
EVERY $1 invested in nutrition yields $23 in economic returns according to global studies. This is particularly true when that investment happens early, from conception to two years of age, when the brain and body grow at their fastest, requiring adequate amounts of essential nutrients. The returns are real: they are seen in children who grow and develop well, stay healthier, remain in school l
Pakistan’s strategic ports are attracting increasing international attention, with both the United States and Kazakhstan expressing keen interest in investing and enhancing regional connectivity. Following a recent agreement to harness natural resources, a US delegation visited the Ministry of Maritime Affairs on Tuesday. Federal Secretary Syed Zafar Ali Shah briefed the delegation on Pakistan’
In a major decision, Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to resume publication of the taxpayers’ directory after a five-year gap, aimed at recognising and honouring responsible taxpayers. The PM directed FBR Chairman Rashid Mahmood Langrial to finalise the directory within a week so it could be tabled at the upcoming cabinet meeting for formal approval