After launching Pakistan’s first two special purpose acquisition companies, LSE Capital plans to list LSE SPAC-III on the Pakistan Stock Exchange (PSX), aiming to raise Rs500 million to fund future acquisitions. “After the successful IPOs of SPAC-I and SPAC-II, LSE Capital has also submitted the IPO application/draft prospectus for the PSX listing of LSE SPAC-III,” read the notice to the bourse
Ghandhara Tyre & Rubber Company Limited (GTYR) has received Gulf Standardisation Organisation (GSO) certification, enabling the company to export its tyre products to six Gulf Cooperation Council (GCC) countries. The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “We are pleased to inform our valued shareholders that GTR Tyres has been of
Mari Energies Limited, formerly known as Mari Petroleum Company Limited (MARI), has awarded a contract to Universal Gas Distribution Company (Pvt) Ltd for the sale of up to 17.5 million standard cubic feet per day (MMscfd) of gas from the Spinwam Gas Discovery, issuing a Letter of Award after inviting bids on May 15, 2026. The listed company disclosed the development in its notice to the Pakist
Gold rose on Monday as oil prices tumbled after US President Donald Trump held off on a fresh attack on Iran in hopes of a swift deal, slightly easing concerns about inflation and higher interest rates. Spot gold was up 0.7% at $4,067.06 per ounce, as of 0023 GMT. U.S. gold futures rose 0.9% to $4,065.60. Trump said late on Saturday on his Truth Social platform that Iran and other Middle
Oil prices tumbled $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would halt Tehran’s nuclear ambitions and reopen the Strait of Hormuz. Brent crude futures slid $4.08, or 4.64%, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74%. Both contracts jumped more