ISLAMABAD: The sick industrial and loss-making units would be revived by exploring various avenues available under the Companies Act, 2017, the Corporate Rehabilitation Act, 2018, and the Corporate Restructuring Companies Act, 2016. The Securities and Exchange Commission of Pakistan (SECP) conducted a comprehensive training session on mergers, amalgamations, and restructuring of companies for o
Gold fell for a fourth straight session on Tuesday, weighed down by a firm dollar and diminished prospects of a U.S. interest rate cut next month. Spot gold was down 0.1% at $4,039.19 per ounce, as of 0131 GMT. U.S. gold futures for December delivery fell 0.9% to $4,038.60 per ounce. “The dollar was a bit stronger today and also some of the speculative length has been reduced this past week.
The Small and Medium Enterprises Development Authority (SMEDA), in collaboration with ILO, held an awareness session in Lahore on ILO Recommendation for SME formalization in the textile and auto value chains. Muhammad Asif, DGM SME Division, SMEDA, delivered an engaging session on the benefits of transitioning from informal to formal operations, including improved productivity, market access, a
Oil prices dipped on Tuesday as supply concerns eased with the resumption of loadings at a Russian export hub, briefly halted by a Ukrainian drone and missile strike, while traders continued to assess the impact of Western sanctions on Russian flows. Brent crude futures were down 28 cents, or 0.4%, at $63.92 a barrel, as of 0100 GMT. US West Texas Intermediate (WTI) crude futures were down 26 c
Bulls continued to make further inroads at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 400 points during the intra-day trading on Monday. Stocks kicked off the week on a positive note, as the KSE-100 Index hit an intra-day high of 163,602.15 during the opening hours of trading. At 12:40pm, the benchmark index was hovering at 162,348.94, an increase of 413