Asian shares were quietly consolidating recent hefty gains on Monday as holidays made for thin trading, and dismal economic data out of Japan took some of the heat out of that booming market. China, South Korea, Taiwan and the United States were among the centres off, leaving currencies, commodities and bonds all becalmed. The major data of the week are not out until Friday when surveys of g
United Bank Limited (UBL) has successfully executed a PKR 20 billion Interest Rate Swap (IRS) transaction with a subsidiary of Engro, one of Pakistan’s leading conglomerates. This landmark deal further strengthens UBL’s position at the forefront of Pakistan’s developing derivatives and risk management market, following its historic PKR 75 billion IRS transaction earlier this year — the largest suc
Former President Faisalabad Chamber of Commerce and Industry Rehan Naseem Bharara has said that Pakistan’s commerce is an important sector of the country’s economy, which is managed by the Ministry of Commerce, which focuses on increasing exports, regulating imports, improving the business environment, and expanding the reach of Pakistani products through international trade agreements (such as GS
Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) have announced a public offer to acquire up to 10.95 million ordinary shares, representing approximately 7.97% stake, in Attock Cement Pakistan Limited. According to a filing submitted to the Pakistan Stock Exchange (PSX) on Monday, the acquisition is part of a broader transaction to take joint control of the company
Service Long March Tyres Limited (SLM), a Chinese-Pakistani joint venture, approved an $80 million investment to establish a Passenger Car Radial (PCR) tyre manufacturing facility in Nooriabad, Sindh. SLM, an associated company of Service Industries Limited, shared the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. The new project will serve the domestic as well as e