After removing Pakistan Steel Mills (PSM) from the privatisation list, the government has assigned its management consulting to Pakistan Institute of Management (PIM) to re-evaluate core and non-core assets along with legal, fiscal and human resource liabilities, but not before losing more than $18 billion in over eight years of closure. “The purpose of this (Management Consulting) assignment i
In a move to attract small investors who shy away from stock investing partly because of excessive documentation, the Pakistan Stock Exchange (PSX) has “further simplified” the brokerage account-opening procedure. In a brief note on Thursday, the national bourse said it has made a “significant reduction” in the number of data fields required for customer on-boarding. As a result, the updated
World Bank has reiterated its commitment to support the Benazir Income Support Programme (BISP) social protection system in order to strengthen and financially empower the marginalised segments of society and ensure relief to the poorest of the poor. A high-level delegation of the bank had a meeting with BISP Chairperson Dr Amjad Saqib at the BISP headquarters here on Thursday. The delegatio
The Board of Investment (BoI) and the World Bank-affiliate International Finance Corporation unveiled a visionary investment plan, for which the IFC committed to inject over $1.5 billion into Pakistan’s economy in the form of short- and long-term investments aimed at catapulting the country into a new era of prosperity and development, BoI announced on Thursday. The pledge follows the IFC’s su
Oil marketing companies recorded volumetric sales of 1.26 million tonnes in October, up 19 per cent from a month ago but down 24pc on an annual basis. According to a note by Topline Research on the latest industry data, the monthly jump in volumetric sales is due to the low base of the preceding month. In addition, higher prices and the fact that consumers waited in anticipation of a decline in