Arif Habib Corporation Ltd is selling its entire shareholding in MCB-Arif Habib Savings and Investments Ltd, a listed joint-venture with MCB Bank that operates pension and mutual funds. The conglomerate told its shareholders on Tuesday it’ll sell its 21.6 million shares, which constitutes 30.09 per cent shareholding in the asset management company, to MCB Bank at Rs30 apiece. The transaction
The share price of Kohat Cement Company Ltd (KCCL) increased on Tuesday by 7.5 per cent, maximum allowed in a day, after it made an announcement about its upcoming share buyback exercise. KCCL told investors on Tuesday it wants to buy back up to five million of its shares from the stock market at the prevailing price for the purpose of cancellation. The move is aimed at improving the earning
Pak Suzuki Motor Company Ltd (PSMCL) on Tuesday raised the prices of various models by Rs115,000-Rs355,000. Earlier, Honda Atlas Cars Ltd (HACL) and Indus Motor Company (IMC) have raised the prices by Rs300,000-Rs550,000 and Rs280,000 to Rs1.2m, respectively. The new price of Alto VX, VXR, VXR AGS and AGS has been enhanced to Rs1.859 million, Rs2.156m, Rs2.310m and Rs2.423m as compared to Rs
The mobile phone manufacturers have slammed the government for not abiding by their words and policies, which was essential to invite global giant like Apple to establish their unit in the country. Addressing a mobile device manufacturing summit here on Tuesday, the office bearers of Pakistan Mobile Phone Manufacturing Association (PMPMA) claimed that even iPhone was ready to come to Pakistan b
Amid a global economic slowdown, Pakistan’s exports of non-textile products decreased 0.65 per cent year-on-year to $5.54 billion in the first half of FY23. The stagnation in export proceeds of the non-textile sector was noted since the start of the current fiscal year as demand slowed down in the buyers’ market. No growth was recorded in exports since September 2022 on a year-on-year basis, ac