Reiterating the government’s commitment to providing a conducive environment and streamlining regulations, Caretaker Prime Minister Anwaarul Haq Kakar on Thursday urged the business community to take advantage of the Special Investment Facilitation Council (SIFC). Addressing a ceremony for the distribution of Pakistan Stock Exchange (PSX) Awards to the top 25 companies for 2022, Mr Kakar said t
The parliamentarians’ development schemes of the PDM coalition government continue to overshadow the federal Public Sector Development Programme (PSDP) in the first five months of 2023-24 by utilising the biggest share of expenditure. The latest data from the Planning Commission, however, apparently showed a relative slowdown in the utilisation of PSDP funds for MNAs’ schemes in November after
The benchmark index of the stock market crossed the psychological barrier of 64,000 points in intraday trading on Wednesday before closing at yet another all-time high. Topline Securities said bulls left little space for bears to operate as strong buying across the board kept up the momentum throughout business hours. However, investors’ sentiments changed for specific sectors from the prece
The outgoing calendar year witnessed just one initial public offering (IPO) on the Pakistan Stock Exchange (PSX) that helped the company’s sponsors raise a meagre sum of Rs435 million. “This is the lowest amount raised in a year in the past decade and a half,” said a research report compiled by Topline Securities Ltd. The previous record low was Rs800m raised in 2013. In terms of the numb
Sui Southern Gas Company Ltd (SSGC) said on Wednesday it’s going to convert SSGC LPG Ltd, a wholly owned subsidiary, into a public limited firm by offering its shares to the general public. The government-owned gas distribution company said it’ll initiate the process for the “issuance of 33.3 million shares” of the converted company by means of an initial public offering (IPO) at “any time in (