Brand image matters in Pakistan more than most other nations as 70 per cent of the respondents in the latest survey reported they’re willing to spend more on a well-known brand. “This in effect has caused growth in brands across categories,” said a global trends survey report released by international insights firm Ipsos on Wednesday. According to an analysis of the country-specific survey d
The National Electric Power Regulatory Authority (Nepra) on Wednesday concluded that ex-Wapda distribution companies (Discos) and K-Electric would charge between 34 paise and Rs3.70 additional fuel cost, respectively, from their consumers for power consumed in March, under monthly fuel cost adjustment (FCA) mechanism. The decisions were made on the completion of two separate public hearings. Th
The government raised Rs705 billion through an auction of market treasury bills despite Rs1.195 trillion bids offered mostly by banks on Wednesday. The bidding trend showed that banks were saturated with liquidity and willing to park maximum in the government papers. The government remained around its target of Rs750bn but the accepted amount was much higher than the maturing amount of Rs630bn.
Share prices rose on Tuesday as investors reacted positively to favourable announcements by blue-chip companies. Topline Securities said the benchmark of the stock market closed on the higher side after Lucky Cement Ltd and the sponsor of Habib Bank Ltd announced they’d purchase their respective shares from the open market. Both stocks closed at their respective upper circuits. The investors’ i
The Aga Khan Fund for Economic Development (AKFED), which is the overseas sponsor of Habib Bank Ltd, is going to use its accumulated dividends worth Rs3.5 billion to buy additional shares of the country’s largest lender from the stock market, a regulatory filing said on Tuesday. The announcement is first of its kind by any corporate entity with overseas sponsors given that the laws governing th