The Initial Public Offering of Agro Processors and Atmospheric Gases Limited (SOYASUP) has concluded its book-building process at a strike price of Rs33.00 per share, following two days of bidding on August 27 and 28, 2026, according to a notice issued by K-Trade Securities Limited on PSX. The offer had opened with a strong response on the very first day itself, with cumulative bids reaching 43
The State Bank of Pakistan (SBP) has slightly increased the rate of remuneration on the Special Cash Reserve Account (US$) to 2.71% for September 2026 from 2.66% in August 2026 and 2.65% in July 2026. This rate applies to deposits raised under FE-Circular25 of 1998, according to the latest circular issued by the SBP. Under the current framework, banks and non-bank financial institutions (NBFIs)
Engro Holdings Limited’s wholly-owned subsidiary, Engro Corporation Limited, has entered into a Share Purchase Agreement (SPA) with Lotte Chemical Pakistan Limited for the sale and transfer of its entire shareholding in Engro Polymer & Chemicals Limited (EPCL). The sale represents approximately 56.19% of EPCL’s issued and paid-up ordinary share capital, for a consideration of approximately Rs19
Bank of Khyber (BoK) held a meeting with President Sarhad Chamber of Commerce & Industry (SCCI), Junaid Altaf, to discuss financial challenges facing the business, industrial, SME and agricultural sectors. The BoK delegation was led by Abdullah Ghaffar, Group Head Commercial, SME & Agricultural Finance Group, and Gul Buhar Khan, Group Head Retail Banking. Discussions focused on access to credit
Indus Motor Company Limited (IMC) closed the fiscal year ended June 30, 2026 with an impressive 33 percent growth in unit sales. According to the details, the IMC sold 45,035 units during the year, up 33 percent from FY2024-25, outpacing the broader industry’s recovery. Net sales revenue climbed to PKR 258.75 billion from PKR 215.14 billion a year earlier. Profitability also improved. Profit