The shares market witnessed another bull session on Wednesday as investors continued to accumulate banking stocks ahead of the monetary policy announcement scheduled for next week. Topline Securities said the upswing after the signing of a $3 billion Stand-By Arrangement with the International Monetary Fund has added a total of 5,230 points or 12.6 per cent to the representative index of the Pa
IT seems that the rumours about Ishaq Dar being interim prime minister can be sourced back to Ishaq Dar himself. The other big parties to the decision have distanced themselves from the idea, including the PPP and the Leader of the Opposition. What is more instructive here is the light the episode casts on the perceived wrangling underway between the civilian leadership and some quarters, with
WHICH country has not lamented, as the poet Kahlil Gibran put it, that its leaders are either in the cradle or in the grave? Look around the world. Bankruptcy is not a financial condition limited to poorer countries. Even the most affluent or enviably developed are suffering from a dearth of dependable, trustworthy leadership. At these critical times, Pakistan needs something more than the revi
Engro Corporation Ltd said on Tuesday it has completed a buyback exercise worth Rs11.6 billion, which began on Feb 3, at spot prices prevailing on the Pakistan Stock Exchange (PSX). The 39.5 million shares that the company has recouped from the stock market in a little less than six months will now be cancelled to improve the earnings per share of the company. The practice of listed firms bu
Habib Bank Ltd announced on WedÂnesday its consolidated earnings for April-June amouÂnted to Rs12.9 billion, up 281 per cent from a year ago. On a quarterly basis, however, net profit dipped 2pc in the same three-month period.Arif Habib Ltd said the jump in earnings in the quarter under review was led by higher net interest income. The bank also declared a dividend of Rs2 per share, which to