The Pakistan Stock Exchange (PSX) told investors on Monday that Hascol Petroleum Ltd, an oil marketing company, is in non-compliance for failing to hold its annual general meeting besides not submitting its annual audited financial statements for 2022. However, the company’s shares are already quoted in the defaulters’ segment on account of its non-compliance with a separate regulation i.e. it
A few weeks before the next fiscal year’s budget, the government on Monday approved about Rs34.4 billion worth of supplementary grants mostly to secure World Bank loans and set maximum retail price (MRPs) of four newly registered categories of cardiac stents. The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet, presided over by Finance Minister Isha
Amidst the worsening crises, the national search for remedies has intensified. However, the views about the future economic and political outlook and the possible correction course diverge widely as imponderable uncertainties continue to navigate virtually a rudderless ship. Nonetheless, what may appear a confusing debate is rooted in ground realities. The solutions offered are of short-, mediu
Away from the heat of political and legal frictions in Islamabad, aspiring contestants of national and provincial assembly seats in Pakistan must be busy hobbling to mobilise resources deemed necessary to stand a chance in general elections. In theory, any Pakistani can enter provincial or national assembly on the strength of the public support base in a constituency, expressed through the ball
Standing at a signal in Karachi’s Defence area, one wonders whether the country is in a crisis or not. There is a Vigo on one side, a Hilux in front, two Civics behind and a Mercedes that can be seen through the rearview mirror. There is no shortage of vehicles with an eight-figure price tag in the city. Over the last two decades, car sales have increased almost five times, but tractor sales ha