The share price of JDW Sugar Mills Ltd hit the upper limit for intraday gains on Monday after the company told investors it’s going to buy back and cancel up to two million of its shares from the stock market. A share buyback is an indication that the company likes its stock enough to purchase it from the general public. The intended volume of the share buyback will reduce the company’s free
The Economic Coordination Committee (ECC) of the Cabinet on Monday formally approved a Rs100 billion electricity subsidy package for five export sectors and deferred a decision to fix the minimum support price (MSP) of wheat for 2022-23 season. The meeting, presided over by Finance Minister Ishaq Dar, also approved more than Rs410 million for effective security arrangements ahead of PTI’s upcom
The Economic Coordination Committee (ECC) of the Cabinet on Monday formally approved a Rs100 billion electricity subsidy package for five export sectors and deferred a decision to fix the minimum support price (MSP) of wheat for 2022-23 season. The meeting, presided over by Finance Minister Ishaq Dar, also approved more than Rs410 million for effective security arrangements ahead of PTI’s upcom
Oil prices slid on Tuesday, extending losses of nearly two per cent in the previous session, as a stronger US dollar and a flare-up in Covid-19 cases in China raised concerns of slowing global demand. Brent crude futures fell 27 cents, or 0.3pc, to $95.92 a barrel by 0342 GMT, after falling $1.73 in the previous session. US West Texas Intermediate crude was at $90.73 a barrel, down 40 cents,
Cascading global crises have left 54 countries — home to more than half of the world’s poorest people — in dire need of debt relief, the Unied Nations said on Tuesday. In a new report, the United Nations Development Programme warned that dozens of developing nations were facing a rapidly deepening debt crisis and that “the risks of inaction are dire.” UNDP said without immediate relief, at l